Steve Meyers
Answers To Real Estate Questions.com
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| Steve Meyers Agent/REALTOR®, ABR View Profile |
49433 Hayes Rd., Suite A
Shelby Twp, MI 48315
Phone: 586-997-5480
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Answers To Real Estate Questions.com
The Place To Buy & Sell Real Estate
Being the Best for my Clients...
Home Buyers and Sellers have their money on the line and I don't take that lightly. I make sure my clients have all the pertinent facts; that they understand the legalese contained in their contracts and disclosures and that they know their options. I won't sugar-coat the truth and always point out both the positive and negative in a potential decision. No one likes surprises in a real estate transaction; so I ensure that my clients know what to expect each step of the way from initial consult to closing.
I personally assist my clients from start to finish, and never hand them off to an assistant. I will be with you every step of the way.
Steve Meyers
| Steve's Real Estate Market Update | |
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Market Update: August’s market update for Macomb County and Oakland County’s housing market (House and Condo Sales) is as follows. In Macomb County Average Sales price was up by more than 4% and Oakland County Average Sales price was up by more than 6%. Macomb County’s on market inventory was down by less than 1% and Oakland County’s on market inventory was up by almost 7%. Macomb County average days on market was 28 days and Oakland County average days on market was 25 days. Closed sales in Macomb County were down by less than 1% and closed sales in Oakland County were up by more than 3%. (All comparisons are month to month, year to year.) By the long-standing historical definition from the National Association of Realtors (NAR) which has been in existence since 1908; a buyer’s market is when there is a 7-month supply or more of inventory on the market. A balanced market between buyers and sellers is when there is a 6-month supply of inventory. A seller’s market is when there is a 5-month or less supply of inventory. Inventory has continued to stay low. In August the State of Michigan inventory was at 2.7 months of supply. Macomb County's inventory was at 2.3 months of supply and Oakland County's inventory was at 2.4 months of supply. By definition it’s still not close to a buyer’s market. Steve Meyers
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Answers To Real Estate Questions
Question: I have a Power of Attorney for my parents. Is there anything else that I need to sell their house or am I all set if something happens to them?
Answer: I’m going to make this a Public Service Announcement. (First my disclaimer; I’m not an attorney nor am I giving legal advice). There is one common error I see that gets folks into trouble. What a lot of folks don’t know is that a Power of Attorney is only valid while the person is alive. Upon death the Power of Attorney no longer exists. After death, the executor of the estate handles all of the financial and legal matters. Many times, I have heard statements like this; when my Mom or Dad or Uncle Pete or Aunt Sally dies, I’m all set. I have a Power of Attorney to take care of everything. If that’s all you have; then you have nothing.
I highly recommend to those of you who are reading this column and have not done any type of estate planning or if your parents or elders that you’re responsible for have not either; do yourself a big favor and pick up the phone and call an attorney who specializes in estate planning. If you do not know one, feel free to contact me and I will put you in touch with an attorney I highly trust.
©Steve Meyers
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Buying a Home? Not every home for sale in the area can be found on the Internet. Let my direct access to all the listings help you locate your dream home in the most efficient way possible. |
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Selling a Home? There are lot's of do's and don'ts when selling a home. Let me use my years of experience to guide you along a successful path of preparation, promotion and closing the deal. |
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Relocating to the Area? If you are moving to this area, I can provide you with helpful information so that your move is as worry free as possible. Feel free to contact me for local information like the best schools and communities. |
Isn't it nice to know you have a friend in the real estate business that you are comfortable referring the people you care about to?
Steve Meyers featured on WXYZ Action News 7
Inflation is leading to higher summer property taxes
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