Selling Your Farmington Hills Tenant-Occupied House

Selling Your Farmington Hills Tenant-Occupied House

Thomas Gilliam Blog , enters , occupied homes for sale , tenant occupied home , tenants Leave a Comment

With a tenant-occupied house can be a daunting task to sell but even investors whose Farmington Hills rental homes have served long and well as income-producers can eventually decide it’s time. Given today’s tight housing inventories, the current market does stack up as one where selling your tenant-occupied house can be a timely financial move. But if that is under consideration, what should you do about the current tenant? Is it better to wait until the current lease expires—so that the vacated property can be shown without having to deal with an inconvenienced (and possibly miffed) tenant? Or will it …

Amid Hurricane News Blanketing Farmington Hills Media…

Amid Hurricane News Blanketing Farmington Hills Media…

Thomas Gilliam Blog , Farmington Hills , hurricane Irma 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 , sell it now , time to sell in farmington 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 , buyers , Farmington Hills , homes , labor day , sellers 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 …

Reports On Today's Housing : Weekly Market Reports

Reports On Today’s Housing : Weekly Market Reports

Thomas Gilliam Blog , home buyers , home sellers , local market reports , market reports , michigan Leave a Comment

Reports That Matter to Home Buyers and Home Sellers These Reports give you up to date information on your local housing market which is valuable information for home buyers and home sellers alike. The great thing about these reports are that you can search any zip code, city, state and neighborhood to get the educated information to make a wise home buying or home selling educated decision. Feel free to share these and be sure to bookmark this page to get up to date local housing market data that is updated every 7 days. I work hard to keep my …

Farmington Hills Housing Inventory: The Lack Of

Farmington Hills Housing Inventory: The Lack Of

Thomas Gilliam Blog , Farmington Hills , home inventory , low inventory 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

Mortgage Rates: Perception vs 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 , buying in farmington hills , Farmington Hills , house hunting , laid back home buyer 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 …

Farmington Hills Existing Home Sales Dip-Inventory to Blame?

Farmington Hills Existing Home Sales Dip-Inventory to Blame?

Thomas Gilliam Blog , Farmington Hills , farmington hills homes , home sales , low home sale , Uncategorized Leave a Comment

Home sales seems to have been in the negative lately and its not from the lack of Realtors like myself trying to get sellers homes on the market here in Farmington Hills. As one would drive around, like myself there are less and less home sales in the area, could this be due to high prices or lack of home buyers in the market to purchase? As of writing this there are 228 homes currently for sale on the market in Farmington Hills and with a population of 80,000 plus that doesn’t leave much to choose from for potential home …

“Cotton Candy Man” Stephen Das Is an Inspiration

Thomas Gilliam Blog , Oakland County Leave a Comment

This morning I needed some inspiration and this story from the Oakland Press seemed to have done the trick for me. Many of our youth could learn a great lesson from Stephen Das aka “Cotton Candy Man”  who spoke Longacre Elementary School students in Farmington Hills about giving back and inspiring others. Stephen Das really does have inspire me and his story, hopefully will inspire you as well. Teaching our children to give back is so powerful for their future lives that it cannot be measured but only inspired by people such as Stephen Das. After reading this article I’m …