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Archive for February, 2011

Deer Lake, Clarkston Michigan, Lakefront Real Estate Sales

all sports deer lakeDeer Lake is 137 acre all sports lake in Independence Township (Clarkston MI) just minutes from I-75 and downtown Clarkston. Deer Lake Beach is located at 350 White Lake Road and is open to residents of Independence Township from Memorial Day to Labor Day (weather permitting). A fee is charged for use of the beach and for the boat launching facilities. Swimming lessons are available throughout the summer. Park rules are posted at the entrance.

Lakefront housing on Deer Lake sells for a premium. “Back in the day” lakefront houses on Deer Lake would sell for over a million dollars easily. Even last year when half the sales were distressed sales, the highest priced sale in Independence Township was on Deer Lake and closed for just under $1.7 million. One of the things that makes Deer Lake unique to the area is the availability of homes on acreage. Most lakes in North Oakland County¬†are either areas of converted cottages OR developed to get the biggest bang for the developer’s buck. The house that sold for a million seven in 2010 was on over 7 1/2 acres. Even the lower price homes tend to be on good sized lots- even an acre or two.

There is currently 1 sale pending on Deer Lake (2-23-2011). A bank owned home, over 4000 sq. ft., on 12 acres.

On Feb. 23, 2011 there were 3 homes for sale on Deer Lake ranging in asking price from $699,000-$2,400,000.

Please don’t hesitate to contact me if you are considering buying or selling a home on all sports Deer Lake.

Jackie Hawley
cell: (248)736-6407
email: Jackie@JackieHawley.com

Oakland County Lakes

Lake Oakland and Woodhull Lake

Maceday and Lotus Lake

Sylvan Otter Lake

Lake Orion

Long Lake

photo from Flickr courtesy Themarzo

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Benefits to Selling Your Oakland County MI Home Now

I want to start out by stating this post IS NOT for the potential short sale seller. Short sales, and what I like to call a normal sale, are 2 completely different animals. Most short sale sellers NEED to sell and are upside down on their mortgage. The regular seller may or may not NEED to sell but either way, they either have equity or have the money to make up the difference if they are upside down on their mortgage.

But this post is for the “regular” or “normal” home owner who has at least been toying with the idea of selling for whatever reason.

If you have been thinking of upgrading you may be able to buy that house you couldn’t afford back in 2003 or 2004. You may be able to purchase that home you dreamed about back then for the same or less than you paid for your current home. And with current interest rates you may be able to upgrade with a lower house payment.

Other benefits to selling now:

  • Inventory is low which means a lack of competition. A good chunk of that competition are short sale listings and by virtue of the time it takes to get a short sale approved, a large portion of the buyer pool can’t even consider a short sale listing
  • Lack of new construction listings. Prices have gotten so low a builder can’t compete against existing homes.
  • Prices have gotten so low you may be able to downsize into a house for a very small or no house payment. Buying that retirement home a bit early and eliminating your house payment is about the ultimate in security
  • If you’re thinking of upgrading this may be a great time. Prices are low and whatever you may lose on the house you’re selling you can more than make up for on the other end. I have clients moving to the lake or onto acreage who never thought they would be able to live that lifestyle.

Other possibilities are to downsize and buy a second home/cottage. Or downsize and buy rentals for income purposes. I have one client who is buying small homes in the Lake Orion and Oxford area and renting them out for double her house payments on those homes.

This is an economy where a lot of people are hurting beyond belief. It is also an economy where real wealth can be made.

Jackie Hawley
Keller Williams Realty
cell: (248)736-6407
email:
Jackie@JackieHawley.com

Getting Your Home Ready for Sale

What to Expect on the Listing Appointment

About Title Insurance

For Sellers

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