The Wrong Agent

Hiring The Wrong Agent-Pitfalls

Thomas Gilliam agent , Blog , home buyers , realtor advice Leave a Comment

Buying a home is the biggest investment you’ll likely ever make, and it has all sorts of implications for your personal and financial future. This is why it’s so important to work with the right agent and not the wrong agent. Too many people don’t realize just how much can go wrong if they make the wrong hire. There are some very serious problems that can arise if you accidentally work with the wrong person to buy or sell a home. Here are some of them: 1. The wrong agent is not listening A professional real estate agent (or any other …

Farmington Hills Sping Real Estate Market Flowers

Farmington Hills Spring Real Estate Market

Thomas Gilliam Blog , farmington hills , Farmington Hills , home selling , spring 2018 , spring 2018 selling , spring real estate , Uncategorized Leave a Comment

Spring is traditionally an active time for real estate. There is an abundance of inventory and home buyers actively looking. If you are thinking about buying or listing this Spring, this blog offers Farmington Hills Spring real estate market information. Spring Trends The Spring is usually a less busy season for most families. During the Fall months, back-to-school is busy for families with children. November and December is occupied with the holidays. Early in the year comes tax season. Only after that do schedules clear up for most. The sun is out longer, the climate gets warmer, and people generally …

home selling myths

Farmington Hills Michigan Home Selling Myths

Thomas Gilliam Blog , home selling , myths of home selling , selling a home Leave a Comment

Real estate is an industry where assumptions develop gradually and do not necessarily adapt as the market changes. Referring to inaccurate information is not good particularly in real estate. Do not fall for these Farmington Hills Michigan home selling myths. Selling Without an Agent Will Always Save You Money                                                                                                        …

Open House Tips-Get Home Sold

An open house is a great tool for taking your home from “for sale” to “sold.” But not all open houses are created equal, and if you want your open house to drive buyer inquiries and offers, you need to do it the right way. Take these open house tips to get your home sold: 1. Make sure people show up One of the first open house tips and a successful one is to make sure plenty of people show up. The more people that attend your open house, the higher the probability that one (or more) will fall in love …

Farmington Hills Michigan Housing Shortage

Farmington Hills Michigan Housing Shortage

Thomas Gilliam Blog , Farmington Hills , home buyers , home sellers , housing shortage Leave a Comment

Farmington Hills as with a lot of markets throughout the country, there is a Farmington Hills Michigan Housing shortage of real estate inventory. There are basically more potential buyers than there are suitable properties listed for sale. Buyers and sellers have unique experiences under these circumstances. Here is how the Farmington Hills Michigan housing shortage impacts buyers and sellers. More Home Buyer Competition Insufficient inventory generates a competitive market for potential home buyers. Properties new to the market will normally generate lots of interest. Properties will often receive more than one offer and sell fast. Under these conditions, anticipate properties …

homeownership-Timing-Couldn’t-Get-Better

Homeownership Timing Couldn’t Get Better

Thomas Gilliam Blog , buying a home , first time home buyers , homeownership Leave a Comment

In the current economic climate, a lot of renters thinking homeownership is out of their reach. But if you think buying a home is out of reach, you might want to think again.  According to the National Association of Realtors’ Realtors Confidence® Index, first-time buyers accounted for 29% of all home sales from late 2016 to late 2017. That’s nearly one-third of all home sales! And there’s a reason so many people are making the transition from renting to owning… Rents are rising. According to a recent Zillow study, the median US rent is taking up 29.1% of household income, …

Advice On Interpreting Farmington Hills Michigan Inspection Reports

Property inspections can be a confusing step in the real estate buying process. Home buyer emotions tend to be high and there is a lot of information to process. Understanding how inspections function may make it less difficult to deal with when the time comes. The following is advice on interpreting Farmington Hills Michigan inspection reports. Inspection Purpose Inspections afford buyers the chance to scrutinize the major systems in a home, analyze more closely the property features, and understand how everything in the property functions. Buyers should select a certified inspector to perform this task. They typically inspect the hardware, …

think about selling flag house

Think About Selling-Americans Believe Time to Buy

Thomas Gilliam Blog , Home Buying and Selling , low inventory , selling , The American Dream Leave a Comment

Think about Selling?-According to the National Associations of Realtors Homeownership and Market Experience (HOME) Survey, most Americans believe that now is the perfect time to become a homeowner. According to the survey, 72% of people believe now is a good time to buy. This could be because of the changing economic situation. 52% of Americans surveyed believe the US economy is improving, and according to a recent Neighborworks survey, 81% of Americans believe owning a home will make them more financially stable. It could also be because homeownership is still such a deeply ingrained part of the American culture. According …

Low Inventory no listings

Low Inventory Means Selling Time

Thomas Gilliam Blog , buying a home , home selling , housing inventory , low inventory Leave a Comment

According to Realtor.com’s recent Housing Shortage Report, the US is experiencing the worst low inventory shortage in two decades. And while this presents a definite challenge for people looking to buy a home, it creates the perfect storm of opportunity for those wanting to sell. According to Realtor.com’s research, the housing shortage can be attributed to the baby boomer generation being unwilling to sell in the current market. In fact: 72% of existing homeowners over the age of 55 feel their current home fits their needs 85% of those baby boomers don’t plan to sell their home in the next 12 …

dream-martin-luther-king-day-hd-wallpaper-1024x855

Dream, Martin Luther King, Jr & Real Estate

Thomas Gilliam Blog , Dream , fair housing act 1968 , farmington Hills Realtor , Martin Luther King Jr , The American Dream , Uncategorized Leave a Comment

Fill in the blank…“I have a _________…”I’m about 100% sure I can guess what word you chose. Was it dream? Good chance it was. We all know this line from Martin Luther King, Jr.’s famous speech. So when we hear those first three words, it sort of naturally comes to mind. But what many people aren’t aware of is how much he affected the lives of real estate agents, buyers, and sellers. It was his death that gave Congress the last push needed to pass the Fair Housing Act, back in 1968. It’s pretty involved, so I won’t get into …