Arcadia Ridge Real Estate Sales Report in October 2020

Cash buyers are generally less risky for a seller, paving the way for a smooth transaction that doesn’t require jumping through financing hoops. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that rather than waiting up to 45 days for a loan to process, a cash transaction should process within two weeks. These sales don’t require an appraisal, though in most cases, cash buyers will still require a standard home inspection. Many sellers set a list price at about 5%-10% below the calculated market value. In most cases, you could predict a home priced this way to bring about 30 to 50 potential buyers to view the house in a three day period. Check out below to see what sold in Arcadia Ridge in October 2020:

48724 Freestone Drive, Northville: 4 bedrooms, 3.1 bathrooms, 2,618 sq. feet, 2 car garage, Sold Price: $475,000

Arcadia Ridge Home Sold
October 2020

16418 Johnson Creek Drive, Northville: 4 bedrooms, 2.1 bathrooms, 2,508 sq. feet, 2 car garage, Sold Price: $486,000

Arcadia Ridge Home Sold
October 2020

When we do this kind of sale, many sellers have a fear that they’re leaving money on the table, however, they typically get multiple offers. For more information on Arcadia Ridge, or similar Northville or Novi neighborhoods such as Timber Ridge, Willowbrook Farms and Brooklane Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.

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