Watch out if you're looking at condos in short sale situations

A good article on the additional difficulties faced by home buyers when they are trying to purchase a condo in a short sail situation.

Remember the best way to approach a home purchase is to have your own Exclusive Buyer's Agent (EBA) to protect your interests. Otherwise the real estate agents with their mixed loyalties and conflicts of interest might push you into one of these problems.

Trick to watch for if you are negotiating with a bank on buying a foreclosure

Here is something we've just started to see in the Ann Arbor real estate market. So it is probably also happening to some home buyers in Howell.

The banks are dropping their prices once they get involved in a negotiation to try and bring any other buyers out of the woodwork.

Click the link above for more details on our Ann Arbor blog.