With Jennifer Granholm and Royal Oak Mayor Jim Ellison working together, the City of Royal Oak will benefit from a new Saab headquarters location. Saab has decided to invest $2.4 Million in establishing their new headquarters in Royal Oak. With a significant tax break from the State of Michigan ($1.2 Million over 5 years) and a $29,000 tax break from the City of Royal Oak, Saab will move here with ease. Along with the new headquarters, Saab has announced that they will be increasing their staff by hiring 60 new employees.
What does this mean for home sales? With the relocation of any business to Oakland County, residents can expect to see a larger supply of buyers. This determines when a good time to put your home on the market would be...NOW! With more buyers moving closer to their new work location, there will be more opportunities for your home to sell for a higher value in a shorter amount of time.