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 …

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 …

6 Categories of Farmington Hills House Hunters

6 Categories of Farmington Hills House Hunters

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

Trying to categorize Farmington Hills house hunters motivations and levels of seriousness is something that’s hard to resist. Many a successful seller will tell you how they originally mistook the ultimate buyer for an unreliable looky-loo (or vice-versa). Still, judging from the articles written on the subject, apparently it’s worth recognizing the different sorts of house hunters and the categories that describe them. Category names vary, but here are six cited most frequently: Serious surveyor. The most common variety of house hunter, the serious surveyor has usually viewed the Farmington Hills listings online, prepared a budget, and possibly even pre-qualified …

Best Farmington Hills Real Estate Agent Top 5 Qualities

Best Farmington Hills Real Estate Agent Top 5 Qualities

Thomas Gilliam Farmington Hills , Uncategorized Leave a Comment

Top 5 Qualities of the Best Farmington Hills Real Estate Agent for You If you are just about to commit to buying or selling a home in Farmington Hills, the first important task before you comes with identifying the best Farmington Hills real estate agent to assist your effort. That comes first because although you might begin by combing through the current Farmington Hills listings or driving through the neighborhood to spot what’s going on, there is always a possibility that acting without delay will be important. If that happens to be the case, zeroing in on the best Farmington …

Selling Your Farmington Hills Home: Strategic Planning Helps

Selling Your Farmington Hills Home: Strategic Planning Helps

Thomas Gilliam Blog , Farmington Hills , Oakland County , Uncategorized Leave a Comment

Selling your Farmington Hills home is never something you do on a whim. There can be rare situations when the decision to sell is a sudden one that’s forced by unexpected life circumstances (favorable or not)—but selling your Farmington Hills home is not likely to be the result of some sudden impulse. Since that’s the case, it follows that most of us will have been aware for some time that we will be selling sooner or later. That gives us some leeway for improving the ultimate results we can expect when an eventual sale takes place. Thinking about that, and acting …