21815 Arbor Lane, Novi MI 48375

Mint Condition!

Whispering Meadows - ABSOLUTE PERFECTION! Home Offers A Large Pie Shape Lot With Privacy For Your 19' X 9' Sunroom. Corian Counters In Kitchen With Ceramic Flooring, Spacious Family Room With A Computer Alcove For Privacy, Partially Finished Basement & Tons Of Storage. The Best Lot Deep Into The Sub And The Most Amazing Curb Appeal And Interior As Well. Electric Fence For Fido Plus A Covered Porch Too!

Property information ~ 1,970 sq. ft., 4 bedroom, 2 bath 2 story Colonial ~ $262,000

Leasing Market Heats Up

As lenders have tightened up credit in the wake of the foreclosure fallout, many people are finding they can no longer afford to buy a home resulting in rents rising around the area.

For example, a condo I listed last year leased for $1,400/month while this year they are getting $1,550/month. Many of the first time buyers I'm working with are telling me they are buying because it's cheaper than what they'll pay when their lease is up. If you'd like to check out whether you can buy, give me a call.

If you plan on moving out of the area in the next 2-3 years, it's likely leasing may make the most sense. Here are a couple of properties listed for lease to check out:


11667 Morgan, Plymouth
3 bedroom, 1 bath Plymouth Ranch with 2 car garage and fenced yard
$1,200/month






42661 Faulker, Novi
3 bedroom, 2.2 bath Novi Cape Cod with gourmet Kitchen, finished basement and 2 car garage
$2,300/month

42661 Faulkner | Novi, MI 48377

This Camden Court Cape Cod Features Tons of Upgrades Throughout Including Gourmet Kitchen With 42" Maple Cabinet & Granite Counters, Rich Hardwood, Spacious Master w/Glamour Bath, Beautifully Finished Lower Level For Entertaining With Half Bath & Lots of Storage Plus Trex Deck and Paver Patio ~ Also Available For Minimum 2 Year Lease @ $2,300/mo

Property information -- 2,223 sq. ft., 3 bdrm, 2.2 bath -- $288,900

You've Got Mail

Did you receive a surprise in your mailbox recently saying your value has decreased, but your taxes have gone up? If you have, you're not alone. Countless numbers of residents in the Detroit Metro area are scratching their heads wondering what's up.

With all the news about declining property values in the area, how could this happen?

Prop A passed in 1994 limiting tax increases to the rate of inflation based on the taxable value (homeowners who used their property as their primary residence). It wasn't a problem when property values were continuing to rise, but starting in 2005 when values stalled to today when they are declining, it's a big problem for many homeowners.

For folks like us, who bought in 2004, both our SEV and Taxable Value declined $11,650 which should hopefully result in a decrease in taxes. But for homeowners who have owned their property since 1994, there is a big gap between the SEV (State Equalized Value--the 'value' the municipality perceives the value to be) and the Taxable Value (the amount your taxes are based on because it is your primary residence).

Papers like the HomeTown News and Detroit News have been warning about it since the first of the year. But now that assessment notices have been received, property owners are flooding tax review boards requesting reductions.

This morning's Detroit Free Press contained an excellent article including definititions, resources, and describes how to read your assessment notice.

For more information about the tax appeal process, check out WWJ.com.