Pick the move that reduces your risk the most price, terms, or timing.
You are deciding what to focus on first so you do not waste weekends or miss your window. In Lathrup Village, MI, I prioritize the piece that reduces your risk fastest, and that usually comes down to timing and realistic price anchors.
In the last 3 months, Lathrup Village, MI recorded 10 recently closed single-family sales with a typical closed-sale timeline of 38 days, and four homes were pending with a typical pending timeline of 80 days in that same last-3-month period. The typical closed-sale price was $292,000 for the last 3 months. Where people get this wrong is treating the contract stage as the finish line. The last-3-month pending timeline of 80 days reminds us that getting to closing can take longer than expected, even when a deal is under contract, and we do not have details here on why pendings took that long. If you are selling, set your move plan around two clocks a typical 38-day close timeline and the possibility of a longer contract-to-close path suggested by the 80-day pending figure in the last 3 months. If you are buying, write offers with timelines and protections that keep you in control during a longer escrow, then keep your price expectations anchored near the last-3-month typical sold price of $292,000. Either way, decide your deadline first, then let that deadline drive your next step in Lathrup Village, MI.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Lathrup Village market. With a focus on strategic marketing and deep local knowledge, Ed Brittingham provides clients with expert guidance in navigating complex real estate transactions. View full profile →
