Farmington Hills Michigan Appraised vs Assessed Prices home questions picture

Farmington Hills Michigan Appraised vs Assessed Prices

Thomas Gilliam assessment , Blog , Farmington Hills , farmington hills appraisel Leave a Comment

Appraised and assessed prices are regularly mistakened for each other. As a buyer or home seller, it is useful to understand how they differ. Details on Farmington Hills Michigan appraised vs assessed prices is provided below. What Are Assessed Prices Localities require a property tax on residential real estate. The sum is derived from the tax rate multiplied by an assessed value of the real estate. Assessments are used only for measuring taxes and do not necessarily coincide with the market value. Every municipality formulates assessed value differently. They usually look at land area, interior features, and exterior features such …

Farmington Hills Michigan Homeowner Tax Advice

Farmington Hills Michigan Homeowner Tax Advice

Thomas Gilliam Blog , Farmington Hills , home owner , taxes Leave a Comment

The tax deadline is right around the corner! Do not miss out on money saving tax benefits of real estate ownership. The Farmington Hills Michigan homeowner tax advice in this blog may help with your tax returns. Look for the 1098 Form from Your Mortgage Company Interest paid on primary mortgages, second mortgages, home equity loans, and home renovation loans are often tax deductible. You will receive a mortgage statement, a Form 1098, from each mortgage company. It will detail amounts paid during the 2016 year. It may also reference amounts paid for mortgage insurance, which might be deductible if …

Homes Sold During Winter fire place

10 Amenities That Get Homes Sold During Winter

Thomas Gilliam Blog , homes in winter , winter selling Leave a Comment

Many homeowners believe attempting to get homes sold during winter is a losing proposition. Real estate agents, however, know any season is the right one when a property is attractive and represents a great value. With inventory typically lower during the cold weather months, it’s actually a perfect time to put a home on the market. It also doesn’t hurt to set the stage — or sweeten the pot, if you will — by evoking a warm and welcoming vibe that makes would-be buyers want to hang up their coats, kick off their boots, and stay a while will get …

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Farmington Hills Michigan Real Estate Inspection Tips For Buyers And Sellers

Thomas Gilliam Blog , farmington hills , home inspection , home inspection tips , inspections Leave a Comment

A home inspection is an assessment of the building and all mechanical elements by a licensed professional. It normally includes a review of each visible aspect of the interior and exterior of a house. A certified home inspector has inspected many properties and is therefore familiar with all the features of home construction, utility systems, and how they all should function. Even a handy home buyer may not have the in depth knowledge of an experienced inspector. Farmington Hills Michigan real estate inspection tips for buyers and sellers can be found in this blog. Farmington Hills Michigan Real Estate Inspection …

Farmington Hills Michigan Home Equity Loan Options

Farmington Hills Michigan Home Equity Loan Options

Thomas Gilliam Blog , Farmington Hills , home equity , Uncategorized Leave a Comment

There are a few different types of home equity loans. Some may be a better alternative than others based on your situation, interest rates, and the reason for your home equity loan. The Farmington Hills Michigan home equity loan options detailed in this article may help you understand your options. Home Equity Loan Types Cash-out Refinance A cash-out refinance pays off your first loan and creates a new one. The new loan includes the amount of the old loan, the extra funds you are taking out and applicable settlement costs. Because you are replacing the old mortgage, rather than taking …

Farmington Hills Michigan Fall Real Estate Market

Farmington Hills Michigan Fall Real Estate Market

Seasonal Changes Fall historically is an active time of year in the Farmington Hills Michigan Fall Real Estate Market. Home buyers look to finalize their home purchase prior to the winter months, the busy holidays, and end of year (for tax benefits). Mortgage rates are also at historic lows, making home purchases more affordable. This fall, some areas are faced with a shortage of inventory. This can be due to fewer foreclosures listed for sale, sellers waiting for values to increase, or owners incorrectly thinking that real estate is not selling. Whatever the cause, it is leading to less inventory …

thankful thanksgiving

Why I’m Particularly Thankful This Thanksgiving

Thomas Gilliam agent , Blog , Farmington Hills , thankful , thanksgiving Leave a Comment

I’m truly thankful for the trust, confidence and the real estate business my clients have entrusted in me throughout this year in Farmington Hills Michigan and the surrounding areas. It seems saying thanks would be enough, but sometimes it seems lacking in some ways as it is a word people use very often, especially in the real estate profession. In this blog post I wanted to share the many ways that I’m thankful and blessed to have been your realtor of choice this last year, and hopefully the coming year to some your friends and family as well. I hope …

winter house

4 Winter Selling Tips to Consider

Thomas Gilliam Blog , selling , winter home selling , winter listings , winter staging Leave a Comment

As the days continue to get shorter and the holidays get closer, you may feel as if your time is running out when it comes to getting an acceptable offer on your home, and finally closing the deal this winter. It can be easy to check out of the selling process during the winter months, because there are fewer buyers and showings. But, winter can still offer the right seller a great opportunity, as buyers are everywhere and yours might be right around the corner! Here, we’ll discuss four ways to keep your home-for-sale looking its best even in the …

listing your home in Novi Michigan during the holiday

Listing Your Home In Novi Michigan During The Holiday

Thomas Gilliam Blog , holiday novi listings , Novi Michigan , selling , Uncategorized Leave a Comment

The real estate economy not only differs every year, but additionally from month to month. There are a few misconceptions about selling a home during various seasons. The following is information on listing your home in Novi Michigan during the holiday months will help you determine if it’s the right time to sell your Novi home. Inventory & Competition when listing your home in Novi Michigan during the holiday By listing your home in Novi Michigan during the holiday means less competition due to not many houses are listed for sale during the the holiday months. Home buyers still have a need …

selling your home in Farmington Hills Michigan as-is

Selling your home in Farmington Hills Michigan as-is

Thomas Gilliam as is , Blog , farmington hills , Farmington Hills , selling Leave a Comment

If you have viewed properties for sale recently, you have probably come across the term as-is. Homeowners may prefer to sell as-is, but it is important to learn how a potential might react to it. Here is important information on selling your home in Farmington Hills Michigan as-is. Understanding What the Term As-Is Means As-is means that a home will be sold in its current state. This covers any problems that may exist, whether they are obvious or not. Buyers must perform an inspection to better assess any problems before finalizing the sale. Based on previous cases involving as-is clauses, …