sellers secrets

Sellers Should Never Reveal (Except To Their Realtor)

Thomas Gilliam Blog , Uncategorized Leave a Comment

Sellers Loose Lips Can Lose Leverage When sellers decide to sell their home, they may find themselves justifying their choice to anyone who’ll listen. But, as the old saying goes, “Loose lips sink ships.” In today’s world where sharing is the norm, sometimes keeping your rationale for making a move all to yourself is the right move. Though sellers would never intentionally want to harm their chances of securing the best deal possible, by being a little too honest, they can ultimately lose leverage when it comes to negotiating. The following are 8 things home sellers should never reveal (except …

Novi Investment property projects

Novi Investment Property Owners Top 6 Repairs

Thomas Gilliam Blog , Uncategorized Leave a Comment

What’s not to like? But there is one area that may hover as a wildcard: the maintenance issue. Because tenants are part of the picture, your Novi investment property undergo varying amounts of wear and tear, so keeping them in top shape does require at least some degree of attention. Veteran landlords learn how to handle maintenance and repairs with a minimum of turmoil—sometimes by simply farming them out to professional property managers. In that, we are fortunate—Novi has some great ones! Novi Investment Property Owners Eye Top Repair Calls However you choose to address the issue, it’s useful to …

Farmington Hills Residents Encounter Equifax Hack

Farmington Hills Residents Encounter Equifax Hack

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

When news of the Equifax hack first broke, the credit ratings giant scrambled to minimize fallout from this massive personal information breach. After an initial embarrassing misstep (they tried to have affected consumers sign off on Equifax’s liability), the company moved to ameliorate the hack by offering free ID protection to consumers. Equifax Hack Could Affect Farmington Hills Mortgage Applicants Farmington Hills homeowners and potential home buyers had reason to do more than shake their heads at yet another electronic pratfall. In one way or another, most Farmington Hills real estate transactions involve creditworthiness appraisals that are managed by the …

Have Roommates Pay Rent

Have Roommates Pay Rent

Thomas Gilliam Blog , Home Buying and Selling , Uncategorized Leave a Comment

Rent isn’t cheap. It’s tough to afford a place on your own. So, you have roommates. Maybe it’s a friend or two. Maybe more. But it certainly beats living “alone”…in your parent’s basement. But you’re still not banking money…Roommates can help! You’re saving some money by renting with others. But not tons. It certainly makes your housing costs more affordable, but it isn’t like you have so much extra every month to just go out and spend on whatever you want. So, it’s probably hard to even imagine saving enough to eventually buy a house. You figure that day will …

Should You Buy A Home In Your 20s?

Should You Buy A Home In Your 20s?

Thomas Gilliam Blog , Home Buying and Selling Leave a Comment

Should you buy a home in your 20s? Good question. There’s no single, sure-fire answer to it. Okay, there is…if you consider “it depends” to be a solid answer.  You can search the Internet and find as many reasons to buy a house in your 20s, as you can find to not buy a house in your 20s. But you have to consider the source of every article. (As I’m sure you do.) What’s the author’s motivation? All you’re really doing is confusing yourself, or convincing yourself what you already want to believe. So, the better question is… Do you …

Amid Hurricane News Blanketing Farmington Hills Media…

Amid Hurricane News Blanketing Farmington Hills Media…

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

Last weekend’s regular Michigan news should have been promoting all the usual upbeat feature stories about the onset of football season, the start of a brand new school year, the finals of tennis’ last grand slam tournament and the like—but Farmington Hills readers would have gotten eye strain trying to find any of them. Instead, the dark clouds brought by Hurricane Irma and Harvey cast dense shadows across the region and the nation’s news. It was certain, too, that even after the terror of their actual passages had subsided, the fallout would continue to reverberate—expensively—for a very long time. A …

Why Sell Your Farmington Hills Home Now?

Why Sell Your Farmington Hills Home Now?

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

“Give me one good reason why selling now is better than waiting until next spring,” is a perfectly legitimate request. It’s a challenge to the traditional peak of Farmington Hills’s selling season. Why should right now, at the start of September, be the right time to sell your Farmington Hills home? Statistics show that more homes are sold in the spring and summer, that—plus sheer inertia—can be powerful arguments to the contrary. So here’s the “one good reason.” In fact, it could be the best reason. It’s the textbook Economics 101 basic rule about markets and pricing. The Economics 101 …

Labor Day House Hunting Changes

Labor Day House Hunting Changes

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

A while back, Forbes noted what they called “The Four Ways the Real Estate Market Changes” after Labor Day. The article recognized a truism that holds for most parts of Michigan—namely, that the period between Labor Day and Thanksgiving is what most of us think of as “fall.” It went on to describe four ways the change of seasons alters the house hunting landscape. Although I may not agree entirely with their broad brush proposition that a great number of house hunters throw in the towel after Labor Day, the four market changes described are often true enough. Farmington Hills …

Farmington Hills Housing Inventory: The Lack Of

Farmington Hills Housing Inventory: The Lack Of

Thomas Gilliam Blog , Farmington Hills Leave a Comment

As a Realtor for 17 years there I personally have never experienced a time like this for Farmington Hills housing inventory and the lack of it. The last time I checked the statistics there were less than 2 months’ worth of inventory currently in the Farmington Hills housing inventory which play into itself and effects more homes to become listings and available on the market for home buyers. It would seem that the very low Farmington Hills housing inventory prevents current home owners to get their homes on the market as they may find themselves in a situation as most …

Farmington Hills Mortgage Rates: Perception and Reality

Farmington Hills Mortgage Rates: Perception and Reality

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

Farmington Hills mortgage rates have been so low for such a long time that it would be surprising if area buyers didn’t begin to take them for granted. It’s only human nature. Addressing would-be home buyers who, though qualified, remain on the sidelines, government-sponsored Freddie Mac headlined the question, “If Housing Is So Affordable, Why Doesn’t It Feel That Way?” The article appeared in Freddie Mac’s Insight publication which noted that right now housing isn’t just affordable—it’s “near record” affordable! HUD’s Housing Affordability Index has been rising for over 35 years, interrupted only briefly by the housing crisis of the …