Has The Real Estate Market Hit Bottom?

Oct. 28, 2011 - PRLog -- Macomb County Michigan.   Everyday someone asks…How much lower are homes values dropping?  Have we hit bottom?  Maria McGuire Broker/Owner of Re/Max Advisors stated “Here is no way of knowing for sure, unless you miss it or it’s behind us.”  There is no crystal ball or magic formula.

Bottom line, smart people are buying real estate NOW!   Property values and interest rates are at historic lows.  

McGuire has helped many homeowners trade up to larger homes…homes they wouldn’t be able to afford when the market was at its peak.  First time homebuyers are purchasing homes with monthly mortgage payments less than the rent they were previously paying.  Investors are once again enjoying cash flow due to rock bottom values and escalating rents as a result of the significant foreclosure rate.
 
Short sale is a process when the seller’s lender accepts less than the mortgage balance that is owed, due to a hardship. Short sales are increasing as lenders realize a reduction in their losses by offering the home owner a short sale, rather than proceed with foreclosure. The lenders decision to progress with a short sale instead of foreclosure stabilizes neighborhood home values.

It’s not uncommon to experience multiple offers on properties listed for sale in today’s market.  Decreasing supply and increasing demand will create an upturn in market values.  New home starts are commencing, a further sign of better times to come.

With all of these factors, now is a great time to buy your first home, trade up to a larger home or purchase investment property.  If you’re looking for a long term investment of five years or more, real estate is the best and safest option.

Visit MariaMcGuire.com and click on the “Investor, Tenants & Landlords” tab for additional investment resources or the “Buyer Resources & Home Search” tab for access to the multiple listing service to receive a daily email of the newest properties on the market for sale in your area and price range.

Thanks for your interest,
Maria McGuire
Broker-Owner Re/Max Advisors
CDPE-Certified Distressed Property Expert
CIAS-Certified Investor Agent Specialist                                                                                      
Office: 586-725-1900 / Cell: 586-996-4059  
Email: Maria@MariaMcGuire.com
Website:  MariaMcGuire.com

We specialize in assisting homeowners facing financial difficulties in Macomb, Oakland, Lapeer, Wayne and St. Clair Counties, including all areas of Southeastern Michigan.  By exploring options to avoid foreclosure through dignified solutions including the short sales process, clients receive sound real estate advice.

Support4 Sellers.com is a helpful resource that offers homeowners alternatives to foreclosure or bankruptcy that can affect their credit for years.

The “Investor, Tenants & Landlords” tab on MariaMcGuire.com is a helpful resource that offers investors financial calculations and resources to assist you with your current and potential investments. Use the “Buyer Resources & Home Search” tab for access to the multiple listing service to receive a daily email of the newest properties on the market for sale in your desired area and price range.

We are currently offering our services in Bruce Township, Washington Township, Armada, Ray Township, Richmond, Lenox, Shelby Township, Macomb Township, Chesterfield Township, Sterling Heights, Clinton Township, and Harrison Township in Macomb County and Berlin Township, Riley Township, Wales Township, Kimball Township, Port Huron, Columbus Township, St. Clair Township, Casco Township, China & East China Townships,  Ira Township, Cottrellville Township, Clay Township and Algonac in the St. Clair County areas.

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

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Maria McGuire is the Broker/Owner of Re/Max Advisors. Since 1989, she has helped thousands of families make their move, achieving entry into the prestigious Re/Max Platinum, Hall of Fame, and Lifetime Achievement clubs. Providing market evaluations and completing residential and commercial contract negotiations are her specialty. Maria is a Certified Distressed Property Expert (CDPE) specializing in assisting clients facing financial difficulties and guiding them through the short sale process. Maria is also a CIAS (Certified Investor Agent Specialist), helping investors increase their profits and CCIM (Certified Commercial Investment Member). CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. Maria has chosen a select team of professionals each working within their area of expertise, providing her clients with world-class service and meeting their needs resulting in referrals from her satisfied clients.