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
"Your Local Real Estate Expert"
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 almost 6% and Oakland County Average Sales price was down by 1%. Macomb County’s on market inventory was up by more than 5% and Oakland County’s on market inventory was up by almost 12%. 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 more than 3% and closed sales in Oakland County were down by almost 4%. (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. In August the State of Michigan inventory was at 3.1 months of supply. Macomb County's inventory was at 2.8 months of supply and Oakland County's inventory was at 2.9 months of supply. By definition it’s still a Seller’s market. However, inventory has been increasing this year which is good news for Buyers. Steve Meyers
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Answers To Real Estate Questions
Question: If we sell our house to one of our children will the property taxes be uncapped and go up?
Answer: No, the taxable value here in Michigan will not be uncapped as long as it is a residential property and its type of use is not changed after you sell it to one of your children. I always recommend consulting with an attorney and tax advisor regarding legal and tax questions.
©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?
Equal Housing Opportunity |