Here is information from Affinity Appraisal on the Dexter market which is valuable enough to share with you all! Michigan is one of the five states with the highest foreclosure rates. This presents a great opportunity for buyers who are looking to snap up a nice piece of real estate in the present market. Even though the Washtenaw County real estate market, where Ann Arbor is located, has historically out performed other areas of the State's Market Conditions as reflected in the average sales price for the state the statistical area has shown some decline since 2006. The attached PDF (available by clicking here) shows in graphical form two sets of different data. First, the statewide trend, versus the local MLS trend and secondly, sales price per square foot for the Dexter community. This graph really shows stability in home prices right now, for purposes of this report (the PDF) a negative adjustment of -0.007% per month will be applies to all sales - which is such a small number, barely measurable. With home values at fire sales prices there is competition in the choice of inventory available to buyers. "Do I buy a short-sale, REO or Foreclosure property or one listed by a seller who needs to move?" Well. The choice is ultimately yours as the buyer, however even with the great deals available it is important to instruct the right agent who is knowledgeable in the buying process for each different type of property listing.

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