Saline Real Estate Market is still slow

Despite the nice weather we've had the last two weekends the Saline the market hasn't taken off like what we've experienced in previous years.

In the first-time buyer and move-up buyer markets there are 11 homes listed as being under contract out of 275 on the market.

And in all of last year there were about 250 closed purchases in that market.

So the current inventory of homes priced from about $100K to $550K is more than a year's supply.

In the luxury home market (Prices about about $550K) we see there were about 28 homes that sold last year in Saline.

Now there are 49 luxury homes on the market here. So that is about 1.7 years worth of inventory.

It is certainly not a good time to sell your luxury home in Saline. On the other hand, it is a potentially great time to buy one. If, you have a real estate company on your side.

REALTOR.com listings will start showing addresses

One of the many frustrations people run into when they try to search for Saline Michigan real estate on realtor.com is that it historically hasn't shown listing addresses.

If you were smart you could go to a property search site like our http://saline-mi-real-estate.com/

But most people just suffered with realtor.com.

Well that is about to change. On May 1st realtor.com will begin showing addresses unless the listing office specifically restricts it.

My how things change.

New Hampshire lawyer/real estate broker gets busted

Did you read this?
A lawyer, real estate agent and former speaker of the New Hampshire House has been convicted of forging real estate documents to give the appearance that he had a piece of property under a listing agreement when he actually did not.
The guy has already has lost his real estate license and his ability to practice law has been suspended for six months. The state is now moving to permanently disbar him. His sentencing on the criminal charges has not been set.
He apparently admitted forging a landowner’s name to a listing agreement and taking steps to sell the property.

The landowner, however, decided to use a different agent. Smart landowner!!!

Real Estate Agents afraid of buyer agent questions

I've spoken to or gotten emails from no less than 5 brokers here recently who were confused about buyer agency. (And the evil counterpart designated buyer agency.)

These are some of the leading players in our market in the Saline - Ann Arbor area.

Here is the count:

1. A major Brokerage started advertsing "Full buyer brokerage services" when the brokerage hasn't provided full fiduciary services for seven years.

2. Another major brokerage stated advertising "buyer agency give you ..." "buyer agency helps you ..." The statements about buyer agency were actually true. But that company only provides designated buyer agency.

3. A managing broker from a major brokerage admits that their licensees often fill out the mandated agency disclosure as designated buyer agents but the smart home buyers don't want to sign the designated agency agreement. So the licensee doesn't give the buyer a new disclosure. Result: Buyer thinks they are represented while legally they licensee represents the seller. This is called undisclosed dual agency and I believe it is illegal in Michigan.

4. An associate broker from a larger company has two "buyer agents" that work for her. But, she says she doesn't tell them anything about her listing so she thinks they are buyer agents. Surprise! She is their supervising broker and she is a dual agent whenever one of her "buyer agents" shows one of her listings.

5. An assoociate broker who works for a large real estate company says she has decided not to practice dual agency. (Everytime one of her "team" shows one of her "team's" listings it is dual agency. I guess she forgot that.)


The point is if you are a buyer you should at least interview someone who knows what they are doing when it comes to helping you. Talk to an exclusive buyer's agent!