New Buyers Alert - Recorded Deed Notice Scam

When you buy a property, a deed is signed at settlement (closing).  It goes to the County Registrar of Deeds for recording and is mailed back to you. Depending upon the County, it may be a few weeks to even a few months.  Any recording fees were paid at closing.

There are companies that are sending out very official looking notices, complete with 'respond by' dates to new homeowners.  They want you to get a 'Current Grant Deed' and 'Property Assessment Profile', you can pay by phone (usually an 888 toll free number), and charge $83.  These documents are worthless and they are NOT your real deed.

Sometimes these official looking notices come to homeowners before the true deed arrives in the mail.  Please don't waste your money.  If you have questions, contact your Realtor, the title company that handled your settlement or your County Registrar of Deeds.

And as always, feel free to call me with real estate questions.

Housing Market Activity

There seems to be a lot of activity in the housing market right now.  As well it should.  We are seeing ridiculously low mortgage interest rates (floating just over and under 4% for 30 yr loans), housing prices are (finally) starting to creep upwards after years of decline, and the buyers that are ready to move out of rentals recognize this is a great time to purchase.

We are seeing low inventory levels, lower than what I consider 'desirable', which makes buyers do a lot of shopping.  And a lot of the inventory is in a condition that doesn't suit itself to quick decisions on writing a purchase agreement. But buyers that miss a few opportunities figure out the winning game plan.

1. Get new listings reviewed quickly, first on screen, then as a drive-by.
2. Get into the ones you want to see as fast as possible.
3. Write a fair offer.

The last one is very subjective, but understanding that any home priced at 'market' value and in decent or good condition will receive multiple offers is important, too.  In most cases, you will get a chance to come back with your 'highest and best' offer.  Highest, as in price, and best, as in terms.

If you're mainly looking at short sales, you need patience as a Number 4 on the above list.  Foreclosure homes sell quicker as a rule, but you may need to consider a rehab loan or doing a lot of work before moving in to the house, so it's not for everyone.

If you're thinking about buying a house in Brighton or selling a house in Howell, call me.  I also work other areas, and I can always refer you to a good agent in other markets if necessary.