oakland county home buyers for sale

Good News For Oakland County Home Buyers: Home Inventory Increasing

Thomas Gilliam Blog , home buyers , Oakland County Leave a Comment

What a start to the beginning of the home buying and home selling season in Oakland County, Michigan, all being great news for home values and home sellers currently listing their homes, most homes across the Oakland County, Michigan are up 7% and even more since March of 2017.  According to the most recent Home Price Index Report from CoreLogic, home prices nationwide increased by 7% from March 2017 to March 2018. According to an April 2017 article from the National Association of Realtors, the median home price in March 2017 was $236,400. This means the average homeowner has gained nearly $17,000 in wealth from …

May 2018 Home Sales Sold

May 2018 Home Sales Hit Historic Record

Thomas Gilliam Blog , Farmington Hills , may 2018 housing market Leave a Comment

If your a Home Buyer and Home Seller you know the real estate market is HOT!, In fact May 2018 home sales hit an all time record in Oakland County and across the country. Most homes have had multiple offers and are flying off the market like nothing we have ever seen before, especially here in places like Farmington Hills, Novi and Northville. Low inventories have made it a challenge for many home buyers and on the other hand have made it a dream come true to home sellers which are happy to have their homes even selling for over …

homeownership month june

June Is National Homeownership Month. Here’s An Interesting Take On It

Thomas Gilliam Blog , homeownership minth , june , Oakland County Leave a Comment

Are you aware that June is National Homeownership month in Oakland County and around the Country? Probably not. Because you’re too busy working to afford the home you live in, whether you rent it or own it. Why should you care? If you poke around and read anything you can find about it, you’re being urged to recognize and celebrate the benefits of homeownership. That seems kind of a weird thing to ask you to do. Do you really have the time or care? What’re you supposed to do, throw a party? Sit alone and contemplate it? Invite some friends …

Home Prices Dollar Signs

Home Prices Still A Concern For Home Buyers And Sellers

Thomas Gilliam Blog , home prices , Oakland County Leave a Comment

Home prices in Oakland County are the top concern for both home buyers and sellers. After all, a lot of the calculus that goes into determining whether or not it’s a good time to sell or buy a house is based on where home values are and where they are expected to be in the future. For that reason, it’s good to follow the S&P Case-Shiller Home Price Indices, as they are considered the leading measure of U.S. home prices. According to the latest data, prices have continued to rise at around the same pace they’ve been increasing, with both …

Homes Value Sell

Existing Homes Value Are Up – It’s A Great Time To Sell

Thomas Gilliam Blog , equity gains , home prices , home sellers , Oakland County Leave a Comment

The Great Recession was one of the most challenging times in US history and in the Oakland County area. The US lost nearly 9 million jobs, unemployment nationwide hit an astounding 10%, and housing prices fell a whopping 33%, causing American households to lose of $16 trillion dollars in net worth also losing their homes value. After the housing crisis of 2008, many homeowners found themselves “upside down” on their properties, with their mortgage balances significantly higher than their homes value. According to Zillow, negative equity in the US peaked 31.4% in Q1 of 2012, meaning nearly one-third of all mortgage …

Housing confidence for sellers

Housing Confidence Hits All-Time High (And What This Means For Sellers)

Thomas Gilliam Blog , equity , home sellers , housing confidence Leave a Comment

The Housing Confidence is at an all time high, this is great for home sellers that are looking to sell or downsize or cash in on their equity. With plenty of reasons to buy a home, but one of the main reasons is to build wealth. And if you own a home, chances are good that your wealth has gone up a few notches in the past year. According to the most recent Home Price Index Report from CoreLogic, home prices nationwide increased by 7% from March 2017 to March 2018. According to an April 2017 article from the National Association of Realtors, the …

farmington-hills-home-buyers-thought

Farmington Hills Home Buyers Don’t Wait Until 2019

Thomas Gilliam Blog , Farmington Hills , farmington hills home buyers , Farmington hills home inventories Leave a Comment

There is no doubt that it is tough for Farmington Hills home buyers with the shortage of inventory to find the perfect home. The Farmington Hills inventory shortage has created a very competitive compared to most recent times. As a potential home buyer you might be asking yourself if you should wait in out another year, but in reality you may want to rethink that idea. Their are homes for sale out there for you but you need to be ready aggressive and have a great real estate agent to help you through the process.            …

Oakland County Homeowners grip

Oakland County Homeowners Have a Better Grip on Home Values

Thomas Gilliam appraisal , Blog , Oakland County , oakland county homeowners Leave a Comment

Let’s face it, there are times when it is hard to get homeowners to understand what their home value really is, but today’s Oakland County homeowners are having a better understanding of their home values. The unexpected appraisal for Oakland County homeowners can be the difference between a satisfied home seller and an entire transaction going south, but these days Oakland County homeowners seems to have a better feel for what their property values are. Let’s break it down. Oakland County Homeowner Expectations The mortgage process is really all about verification and documentation, whether it is home buyers income, employment, …

Summertime house deck

Summertime House Check-Up Readiness 5 Tips

Thomas Gilliam Blog , homeowner tips , spring , summertime , summertime house checkup Leave a Comment

With Summertime right around the corner, the spring is the best time to prepare for the long summer days. Below are some great ways to prepare your home for the warmer weather so you can enjoy your home to its fullest. Summertime is one of the best times of year; children are out of school, it’s the perfect time to explore the great outdoors, and of course, everyone’s favorite: good ol’ summer vacation. After the freezing temperatures of winter and the unpredictability of spring, you and your family are probably more than ready for the warm, summertime weather. But the …

oakland-county-remodeling-cost-plans

Oakland County Remodeling Cost Delima-Solved

Thomas Gilliam Blog , Oakland County , remodeling cost , remodeling tips Leave a Comment

In this tight Oakland County Michigan housing market it is not easy to settle for something that does not need remodeling. The prospect of finding the perfect home that does not need some sort of work or remodeling or updates is daunting. Oakland County remodeling cost must be considered when deciding on a perfect property that fits most of your needs and wants. With the low inventories in today’s market the lowest in some time, makes it harder for what buyers demand, and that is a move-in ready home. Today’s busy schedules and tighter budgets mean that many home buyers …