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It's 2007 and still a strong buyer's market. So if you are thinking about purchasing your first home, or upgrading from your current home, you really couldn't have picked a better time. Real estate has always been a great investment and always will be. Up until a few years ago houses were selling like gang busters and prices were escalating so fast it was almost unreal. Buyers would see what the seller had paid years earlier and the statement, "I wish I had bought back then" was not uncommon to a realtor's ears. Well right now is the "back then" for future buyers.

Real estate is cyclic and right now we are on the down swing. In Orion Township, for example, the average sales price in 2006 was 5% lower than the average sales price in 2003. BUT, the average sales price in 2006 was still more than 8% more than it was in 2000 - from $231,289 to $251,952 in 2006.

Oxford saw even greater gains over that same time period with an increase of over 18% in the average sales price. The average sales price in Oxford in 2000 was $216,693 and in 2006 it jumped to $265,690. And 2006 was down from 2005's average price of $276,825. If you figure the house in 2000 was bought with a 10% down payment, that home owner made $49,000 with a $21,669 investment. More than doubling his/her investment while reaping the tax benefits as well as enjoying the pride of home ownership.

The above profits were figured with the buyer purchasing in an up market and selling in a down market. Imagine the profits to be made by purchasing in today's down market!

About e-PRO     why hire an e-PRO to sell your southeast MI real estate
About Jackie    Jackie Hawley, Realtor, e-PRO, full time real estate sales
About Jenny     Jenny Miller, Realtor, buyer specialist, representing buyers in their southeast MI home search
About Kari       Kari Butz, Realtor, buyer specialist, representing buyers in their southeast MI home search
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Michigan real estate and homes for sale covering Lake Orion Michigan houses, Oxford MI homes, Clarkston Michigan homes for sale, lakefront, luxury homes, relocation, FHA buyers, first time buyers. Homes for sale in Oakland county MI, Macomb county MI, Lapeer county MI.