The Voice of Orange County...Michael A. Caruso's Blog

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This home sold for only $6,900! Less than a car!

This forclosure home at 15461 Kentfield St. in Detroit needed little work and now has a new owner who will soon rent, an investor from the Chicago area named Kevin Holmes.

The quaint brick home looks like it would belong any middle-income Midwestern neighborhood. But in distressed Detroit, the home sold for $6,900 - less than most cars and a semester at a University.

While this was a great deal for the owner, its not for Detroit. These "giveaway-priced homes" are becoming more common in Detroit. Agents here say they get calls from prospective buyers all over the world wanting to see rock-bottom listings. 

While such a low price seems like an easy sale, there is still a lot of work that goes into it. Hopefully Detroit, like some other places in the US, can start seeing a turn around.

Read entire article Here

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards.                                                                                                               

Michael Caruso, Broker ABR ABRM CRB CRS GREEN GRI                                   

2007 President, Orange County Association of Realtors  

(949) 753-7900


3 comments • Michael A. Caruso ~ Orange County Real Estate • October 17 2009 11:19AM

Vacation in the real Orange County

Orange County hotels are not doing as well as last year according to PFK Consulting. June saw a rise in vacancies and a fall in room rates, yet 1 of 4 rooms have been left empty.

In the month of June, OC vacancies hit 25%. South County had the highest rate, 34.6%. Around the county, the average room price was $136.32 a night.

I have a proposition to all you Active Rainers, family, and friends...come visit Orange County! The rooms are affordable, the beaches are beautiful, the weather is perfect year round and we have a variety of activities to keep you busy! I'm warning you, you may never want to leave!

Go to www.visitorangecounty.net to see all the wonderful things to do here. Hopefully we can get some rooms filled, repeat visitors, and maybe even potential residents.

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards.                                                                                                               

Michael Caruso, Broker ABR ABRM CRB CRS GREEN GRI                                   

2007 President, Orange County Association of Realtors  

(949) 753-7900

1 comment • Michael A. Caruso ~ Orange County Real Estate • August 28 2009 01:32PM