I have heard from many within the real estate industry as well as from buyers and sellers, that the property won’t appraise. I myself have recently experienced this even though I had RECENT COMP’s to support a selling price. The following little article from Realtor.org packs a big punch with an explanation as to why this is happening. http://www.realtor.org/RMODaily.nsf/pages/News2009060502?OpenDocument
The National Association of Realtors has published a new brochure that outlines the Home Buyer's Tax Credit, covering how it works, deadlines, how much is available, repayment options, and who is eligible. The also provide web links to read further information if this is something that might apply to you. You can download a PDF of the brochure right here on the Saint Clair Homes website.
It’s true! Hollywood is coming to Detroit. The purchase of GM’s Centerpoint Complex, a 22 acre site, has formally closed.