2015 Oakland County Housing Market

Invest, Buy, Sell Homes In Oakland County MI

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Invest, Buy, Sell Homes In Oakland County MI
Invest, Buy Sell Homes In Oakland County Mi

Depending upon who you listen to, speak with or what you read, now is a great time to buy, sell or invest in Oakland County, MI real estate. And generally speaking, that’s true but is it the right time to invest, buy, sell homes in Oakland County Mi, I would say yes!

But what’s best for you specifically—at this time and in our Oakland County, MI market? Rather than relying on general rules-of-thumb, why not talk to us? As local real estate insider in Oakland County, MI we can give you the real answers you need. Local economy? Local neighborhoods such as Farmington Hills, Novi, Nothville to name a few? Local information? No matter the direction you want to take, we can give you current, down-to-the-day reports on how long it takes to sell a home here in Oakland County, MI, the sales prices that homes like yours are fetching and where homes sell quickly. If you’re looking to sell or buy in today’s local real estate market, we can help. It is time in 2015 to invest, buy, sell in Oakland County Mi according to all market analysis and information that is available to us as Realtor’s. Please feel free to contact me for more information.

Read on to see what we forecast for the local Oakland County, MI real estate market in the upcoming year. It’s good news—if you’re a homebuyer, home seller or investor—at any age and at any life stage! And, remember, we’re here to answer your real estate questions and provide you with the best, local advice for your real estate needs throughout the year. If you are ready to invest, buy, sell homes in Oakland County Mi, feel free to give me a call anytime 248-790-5594.

BUYING A Home In 2015

Is it the right time to buy homes in Oakland County, MI? You can’t tell by what we—or anyone else—tells you. Do some research into not only the local real estate market, but your own personal financial situation and your homeownership outlook. Here’s how to predict your home buying future:

Be realistic. If you realize that you may not find the “home of your dreams” as your first (or second or third) home purchase, you will likely attain your goal of finding a home in areas such as Farmington Hills, Novi and Northville.

Never say never. Don’t box yourself in thinking you can only buy a home in a particular area or of a specific style in Oakland County, MI. If you don’t find a home in your perfect neighborhood or in your ideal style, broaden your search criteria to find a stellar home you otherwise wouldn’t have known existed.

Long-term viewpoint. The best use of your housing budget might be owning a home in Oakland County, MI. With your own home, your monthly “rent” doesn’t go to your landlord, but instead helps build equity and your own wealth.

Plan smart. Before you sign any purchase offers, be sure you’re protected. Ensure you have a professional private home inspection of the home done (along with item-specific inspections such as mold, termite, radon, etc.) to keep from finding surprises you can’t afford—or simply can’t handle.

Think ahead. Make a complete list of all the necessary features in your new Oakland County,MI home—number of bedrooms and baths, yard, eat-in kitchen/dining room, etc. Determine what is a “must-have” and what is a “would be nice” before you go home shopping with your Realtor.

Get preapproved. With mortgage preapproval—not prequalification—you know exactly how much home you can purchase. Best of all, you won’t waste time looking at homes you can’t afford and your purchase offer will be more attractive to sellers knowing your financing is already in place, and your offer is most likely to close compared to another buyer whose financing is still in question or contingency.

You might not be able to predict the future, but you can tell when your family and finances are ready to own a home in Oakland County, Michigan.

SELLING A Home In 2015

If you’re thinking of selling your home in the Oakland County, Michigan area this year, you’re not alone. With home prices stabilizing and even inching up in Farmington Hills, Novi, and Northville, MI many families including millenniums are finding themselves able to sell their home and move to their next life stage, job or situation.

Forecast. No one, not even Realtors can predict where home prices are going in the next year (2015). If you price your home to sell TODAY, we can guarantee that you will sell your home. In this market, sellers can’t base their home’s sales price on what they want out of it, what they think it’s worth, how much they put into it, how much they owe on their mortgage loan, or what their next home will cost. For 2015 the key to getting top dollar is to price it right from the start in Oakland County.

Price is right. Some home sellers mistakenly believe that if they set their home price high, Oakland County homebuyers will offer an agreeable price and sellers have room to take a lower price. The problem is, if you set your home price too high, buyers looking at similar homes won’t even consider your home because they know they can get more home for the price elsewhere. Often, they will skip it completely, meaning your home is going to languish on the local Oakland County market, unsold.

Price it too low. If, however, you choose to price it under the current market value or at what nearby listings in Oakland County are asking, buyers will be attracted to a great home at a great price. In fact, you may find many more buyers than you expected looking at your well-priced home and starting a bidding war where none may have existed before.

Price it right. The key to getting your Oakland County, MI home sold in 2015 is price: If you don’t price it right, it won’t sell. Using the assistance of a real estate professional—like us—to arrive at the right price for your home is the way to go. We have the data to support our price suggestions and the proven experience, marketing and personal service to get your home sold in 2015!

Please see my complete February 2015 E-Newsletter HERE

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Tom Gilliam
ReMax Classic
248-790-5594
tom@homes2moveyou.com

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