Searching for free information on the foreclosues available in Monroe County Michigan? You know how difficult it is to find. I use to put out a free list, but decided to go a step further and offer a free search. Using this link, you can search all the HUD homes and foreclosures currently available in Monroe County, Berlin Township, Ash Township, Frenctown Township, Lasalle Township, Monroe Township, Dundee Township, Raisinville Township, Bedford Township including Lambertville and Temperance Mi, Whiteford Township, Ottawa Lake, Petersburg and Summerfield Townships. To search all homes for sale in Monroe County, click here.

To see any of these homes, simply email me at Thompgroup@gmail.com or call 734.395.4833

The market continues to pick up so I thought it might be helpful to see whats sold so for Sellers they can figure out what their home may be worth, and buyers can figure out what homes are going for in particular neighborhoods. I will be posting this information on a weekly, monthly basis. If you ever want information on a particular house feel free to contact us directly and I’m happy to provide it.

For the week from 6/3 to 6/10 2012 there were 14 homes that sold in Monroe County Mi.

948   Winston Monroe MI 48161                                                                          Sold $60,000
3930 W. Dunbar Monroe MI 48161                                                                     Sold $155,000
960 Fairfield, Temperance Mi (Bedford Township)                                         Sold $63,900
1520 Tennyson, Temperance (Bedford Township)                                           Sold $108,000
6407 Cheltenham, Temperance (Bedford Township)                                      Sold $115,001
3723 Ridgedale, Lambertville (Bedford Township)                                          Sold $122,000
2755 W. Temperance, Temperance MI (Bedford Township)                          Sold $140,000
130 E. Elm, Petersburg MI                                                                                      Sold $19,000
1420 Rose, Petersburg MI                                                                                       Sold $235,000
209 Dundee Ridge, Dundee MI                                                                              Sold $146,000
269 Dundee Ridge, Dundee MI                                                                              Sold $165,000
14515 Tuttle Hill, Milan MI                                                                                      Sold $38,000
7627 Geirman, Maybee MI                                                                                       Sold $186,000
465 Bates Lane, Monroe MI                                                                                     Sold $100,000

If there’s a property for sale that you’re interested in, or if you have a home already and would like to know what its worth I am happy to do a market review for you (for buyers I can’t do them if you’re working with another agent sorry). For any real estate related questions on properties located in Monroe County, Bedford Township, Ida Mi, Whiteford Township (Ottawa Lake), Summerfield Township (Petersburg), Dundee, Carleton, Newport, Monroe, Lasalle or Erie contact me anytime.

Everyone knows the last few years in real estate has been tough. Many homeowners found themselves in a difficult spot through little fault of their own and were forced to do a short sale. What many didn’t realize is that with a short sale they’d be prevented from buying a home agan for..3…5…even 7 years.
Fortunately, that seems to be turning around. Right now we are able to get buyers who have short sales on their record into homes if they otherwise qualify. For more details call me anytime 734.395.4833.

I work with a ton of home buyers, some have owned multiple homes, many are first-time homebuyers.  One thing that is really hard to know is who should we work with–what Realtor do we hire. (NOW obviously I’m bias as to that decision–but this is really meant to be some general advice and cover things to watch for, pitfalls to avoid etc all with the aim of making the home buying experience a good one).

Keep in mind, the Realtor you select as a buyer should be working in YOUR best interest. This means, not the seller of the house, or THEIR own interest (ie with an eye on their commission). Does this always happen? Well…uh..um..not always.

A huge red flag should be if you notice the agent is showing you only/mostly houses that are Their listings, or listings with their company. Is it nice to sell your own listings–of course it is. Is it nice to help colleagues out, and sell their listings–of course it is. Can it create a conflict of interest, cause buyers to pay too much, have buyers miss other properties that may be a better fit–ABSOLUTELY.

A related red-flag is if you keep asking about a house with another company/agent but there’s always some reason you can’t see it.  If you see a property you’re interested in but keeping hearing its not available–my advice is to do a little homework–and see if it is truly off the market. Its an uncomfortable situation to find yourself in, but protect your interest.

When buying house one of the #1 questions for buyers (or what should be one of the #1 questions) is what are my taxes going to be? Throughout Monroe County, including townships from Bedford to Raisinville, May 1st was a crucial date. This was the date the assessments were set and the new taxable values for a property were determined.
Keep in mind that in Michigan there is a “Homestead Tax Exemption”. This exemption is for people who occupy a home as their primary residence (home of record). When claiming this exemption a homeowner is exempt from the parts of the school milleage (here in Monroe County that is 18 mils). Roughly this translates to about a 40% discount on the yearly property taxes. So it’s REALLY important for homeowners.
This May 1 date became particularly important when selling properties that are in a non-homestead status to a buyer who plans to occupy the house. Because anyone who bought after May 1st, was stuck paying the higher non-homestead tax rate until the NEXT May 1st.
Believe it or not, our state legislature got something right. They amended this in 2012 so that homeowners now have two dates to claim homestead status. June 1st and November 1st. This is particularly important if you’re buying a Foreclosed Home anywhere in Monroe County. You now have until November 1st to get the lower tax rate.
There are still special circumstances if you’re trying to SELL a house you no longer live in that can allow you to maintain Homestead…call me for details.

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