Some sad news for three South Lyon businesses

This article reports on the future of the theater and two local restaurants in the challenging economic conditions. (Maybe some challenging bad management conditions too!)

How to choose a buyer agent

Here is an article that came out last month about choosing a buyers agent.

If you are thinking about buying a home, particularly in the South Lyon area, it is worth reading.

Sad end to a home buyer who was abused by his REALTORs

I just hear the final decision of a Maryland appeals court on a buyer who got taken because his real estate agent lied to him about being a buyer agent.

It is a long story that will probably cost the buyer over $50,000, but the quick version is:

1. Buyer hires company to act as buyer's agent.

2. The agreement expires but the company keeps acting like his buyer's agent. (So he assumes they are still his agent.)

3. The real estate agent gets the buyer to sign a contract to purchase a new home.

4. Buyer realizes the contract doesn't protect him if his old home doesn't sell.

5. Buyer realizes that the real estate agent was actually now working for the seller.

6. Buyer tries to pull out of the transaction.

7. Buyer ends up loosing tens of thousands of dollars on the transaction and court costs.

8. Real estate company admits they violated the disclosure laws, but they get away scott-free.

This is a scham.

The link above is to the original story.

Realty Times article about Home Buying Concerns

If you are interested in buying a home this year in South Lyon or surrounding areas here is an article from writer Broderick Perkins on home buying concerns.

Home Buying Concerns Article

Broderick is a regular writer for Realty Times, and industry publication that also has a website.