Buying Real Estate in Southeast Michigan – You Did WHAT?

Posted in Southeast Michigan Real Estate by Michigan Real Estate Expert on December 27th, 2010

Buying a home used to be celebrated. It was a sign of growing up and “getting somewhere.” Yet, tell someone you bought real estate in southeast Michigan now days and you might just get wide eyes and a gasped, “You did WHAT?”

If you’re still trying to decide if buying real estate in southeast Michigan is for you, consider all the reasons why people are still buying homes

Well, first, you have the reasons that have stood the test of time:

  • Once you buy a house, it’s yours until you decide to sell it.
  • You experience pride of ownership
  • There’s also a sense of security in owning your own home, which is something missing in renting.

While those traditional reasons are tried, tested and true, there are others:

  • Mortgage rates hit an all-time low, which became a big incentive for some buyers.  Potential buyers looked at the interest rates and figured they could never get a better deal on a mortgage.
  • Home prices are lower too. Yes, the media says home prices may decline more, but the key word is “may.” The experts can predict all they want, but you don’t know for sure until it happens. Some first-time buyers looked at the prices, weighed their decision on “what if the prices start rising again” and signed the deal.

What about you? If you’re looking at the possibility of buying real estate in southeast Michigan, what would get you to sign on the dotted line? Put your requirements and goals in writing, and make them realistic. When all the cards are right, there’s nothing left to do but play your hand.

If you’re looking for a great property to own, I can help. Call me at 248-514-2640 or email me at

Lee Morof sells North Woodward Homes in Oakland County Michigan RE/MAX Showcase Homes

Lee Morof
Associate Broker/Attorney
RE/MAX Showcase Homes
Birmingham, Michigan
Call:  248-514-2640

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