How To Check Out A Potential Neighborhood When You’re Following Stay-at-Home Orders | Realtor Tom Gilliam

How To Check Out A Potential Neighborhood When You’re Following Stay-at-Home Orders | Realtor Tom Gilliam

The coronavirus is completely changing the real estate industry, and stay-at-home orders have presented unique challenges for buyers. Not only are they unable to tour properties in person, but, in some areas, they also can’t walk around the neighborhood and get a feel for whether it’s the kind of neighborhood they want to call home.

But just because you can’t explore an area in person right now doesn’t mean you can’t get a feel for a potential neighborhood—and whether it’s the right fit for you, your family, and your new home.

recent article from realtor.com outlined strategies buyers can use to “test drive” a new neighborhood while they’re sheltering in place, including:

  • Check out local publications and social media. Many neighborhoods have their own newspapers, magazines, or other publications, which can give you insights into the neighborhood vibe. You can also search Facebook groups or use neighborhood-specific social media apps like NextDoor to get a feel for the area.
  • Take a (virtual) walk. You may not be able to visit a neighborhood in person right now, but thanks to Google Street View, you can take a virtual walk and explore the area.
  • Call a real estate agent. A real estate agent that specializes in the area can give you key insights and details about the neighborhood, and help you determine whether an area is the right fit for what you’re looking for.

The Takeaway:

So, what does this mean for you? If you’re in the market for a new home and want to get a feel for the neighborhood, stay-at-home orders don’t have to stop you. With a little bit of creativity, you can explore neighborhoods near and far—without ever leaving the comfort and safety of your home.

If you or someone you know is interested in buying or selling Oakland County MI real estate, please give Tom a call today at 248-790-5594 or you can get in touch here.

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Call: 248-790-5594
Office: 248-737-6800
Email: Tom @ Homes2MoveYou.com
License #301741

Why You Should Consider Farmington Hills MI Homes for Sale

Why You Should Consider Farmington Hills MI Homes for Sale

Why You Should Consider Farmington Hills MI Homes for Sale 

Buyers who are looking to purchase a home in the metro Detroit area should consider Farmington Hills MI homes for sale. A small, wealthy city in Oakland County, Farmington Hills is part of the northwestern suburbs of Metro Detroit, located about 30 miles northeast of downtown Ann Arbor.

Farmington Hills has a charming, historic downtown area, which has recently seen extensive development along with an award-winning public school system. With a population of 81,235 and a median household income of $76,637, Farmington Hills was recently ranked as the fifth-best city in the state in which to live by Chamber of Commerce (a digital-based company). 

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The wide range of affordability from entry-level market-rate homes to multimillion-dollar estates within the greater Farmington area provides abundant opportunity for families to move here and enjoy a strong sense of community with access to top-rated, public schools.

TIME magazine also picked Farmington Hills as the best place to live in Michigan based on factors such as strong economic and educational performance, convenience, safety and pleasant way of life. In order to navigate the local market and find the perfect home in Farmington Hills, buyers will need to partner with a qualified, local agent. 

Top Farmington Hills REALTOR® – Tom Gilliam has over two decades of experience assisting home buyers and sellers in Farmington Hills and the surrounding Oakland County area.  Tom offers in-depth local market knowledge and has all the resources and information you need for making the best home purchase decision.

For more information about Farmington Hills MI real estate, call Tom directly at (248) 790-5594 or get in touch with him here!  

More About Farmington Hills MI Real Estate & Homes for Sale

The Farmington market remains strong with home values and home prices on the rise. Home values have gone up 2.6% over the past year and real estate industry experts predict they will rise another 1.4% within the next 12 months. The median price of currently listed Farmington Hills MI homes for sale is $295,950. 

As a licensed, professional real estate agent in Farmington Hills, Tom Gillian stays on top of the local market at all times and is aware of new inventory as soon as it becomes available, ensuring that you will have access to the best properties and securing an offer.

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Tom’s extensive knowledge goes well beyond the value of the homes in the area. He keeps his finger on the pulse of community trends, business developments, the local economy, and other factors that can affect the market value of property in the area to ensure that you get the best value for your money.

Tom can also help educate you about the different neighborhoods and communities in Farmington Hills, the types of homes and features offered, the builders, schools, property values, current market trends, the surrounding area, and so much more. Streamline your home search by having Tom put together a list of properties that best match your specific criteria in a home. 

Get started now by requesting customized search results delivered directly to your email along with email alerts of new listings. Call Tom directly at (248) 790-5594 or get in touch with him here

Why Homebuyers Should Consider Living in Farmington Hills, MI

Thriving in business and leisure activities, Farmington Hills is fueled by a strong economy. Boasting steady job growth, Farmington Hills is home to a number of large corporations including the Nissan Technical Center and Nissan Trading Corp. as well as Hitachi Automotive Services, Hino Motors Manufacturing, and branches of Panasonic, Mercedes Benz, and Greenpath. 

Other top Farmington Hills employers include Robert Bosch Corporation, Botsford Hospital, Quicken Loans, Cengage Learning Gale, and Chrysler Financial Services.  

Farmington Hills MI Homes for Sale

Downtown Farmington is a vibrant, walkable destination with over 160 businesses from banks, to bead stores to photography and yoga studios along with a variety of eateries and one-of-a-kind shops to explore.

Also located downtown is the Walter E. Sundquist Pavilion, home to the popular Farmington Farmers & Artisans Market held every Saturday. The pavilion is located adjacent to Riley Park. The best-known park event is Rhythmz in Riley Park, attended by about 500 people every Friday, June-August.  

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Twelve Oaks Mall, located about 5.7 miles away in Novi is considered the dominant shopping destination of choice of metro Detroit. The mall features nearly 200 distinctive stores and restaurants including Apple, Coach, Michael Kors, The CheeseCake Factory, and more.  

For parents with school-age children, most of Farmington Hills is served by the highly-acclaimed district of Farmington Public Schools, which is shared with nearby Farmington and filled with top-rated schools. Other public school districts including Clarenceville Public Schools, and Walled Lake Consolidated Schools

Farmington Hills has several private schools including The International School, The Maria Montessori Center, Mercy High School, St. Fabian Elementary and Middle School, Schoolhouse Montessori Academy – Farmington Hills, and Steppingstone School.

Institutions for higher learning include branches of Michigan School of Psychology, Oakland Community College, and Wayne State University.

Farmington Hills has plenty of neighborhood and community parks for spending quality time outdoors. The 211-acre Heritage Park features 4.5 miles of trails for hiking and nature study which are also used for cross-country skiing during the winter months.

Park amenities include a large picnic area, splash pad, group picnic shelter, playground, in-ground grills, two sand volleyball courts, an in-line hockey rink, and six horseshoe pits.

Farmington Hills MI Real Estate

For golf enthusiasts, the beautiful 175-acre Farmington Hills Golf Club course offers one of the best-golfing venues in the area, with 18 challenging holes measuring 6,413 yards, manicured bent grass tees, fairways and greens, ponds, and gently rolling hills.

Major thoroughfares in the city include (M-5), Orchard Lake Road, 12 Mile Road, 8 Mile Road, Northwestern Highway, I-696, and I-275. Suburban Mobility Authority for Regional Transportation (SMART) operates local and regional bus service for Farmington Hills.

The closest major airport is Detroit Metropolitan Wayne County Airport with international and domestic flights from Detroit, located 30 miles from the center of Farmington Hills.  

Partner with Top Farmington Hills REALTOR® – Tom Gilliam

Whether you’re in the market for Farmington Hills MI homes for sale or its time to list your current property, Tom Gilliam provides the kind of knowledge, skills, dedication, and personalized service you need and deserve. Tom will take the time to listen to your needs and concerns and will always have your best interests in mind.

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By partnering with Tom, you’ll have an expert by your side who will protect your interests, advocate for you, and skillfully handle the real estate transaction for the best possible outcome. To learn more about Farmington Hills MI real estate, feel free to call Tom directly at (248) 790-5594 or send him an email today!   

Tom Gilliam, REALTOR®         
RE/MAX Classic
29630 Orchard Lake Rd,
Farmington Hills 48334
Call: 248-790-5594
Office: 248-737-6800
Email: [email protected]
License #301741

Map of Farmington Hills, MI

Mortgage Rates Increasing-Get Off The Fence!

Mortgage Rates Increasing-Get Off The Fence!

Mortgage Rates Increasing Can Effect What You Can Afford

When you’re buying a home in Oakland County, Michigan, you might think the price you offer is ultimately the price you’ll pay, but if you’re buying a home with a mortgage, that’s not the case. With a mortgage, in addition to paying your principal (the amount of money the bank loans you to purchase your home), you’ll also pay the interest rate on that principal—which is why the mortgage rates increasing on a mortgage loan is so important to you as a home buyer or potential home buyers.

Interest rates on mortgages have been low in recent years, but we have seen them steadily climbing in recent months effecting not only home buyers, but home sellers as well. And even a increase in an interest rate can cost you big over the course of your mortgage. According to a recent article from Realtor.com, thanks to forecasted hikes to the Federal Reserve Key Interest Rate (which directly impacts interest rates on mortgages), mortgage rates increasing upward are expected to continue increasing for the foreseeable future.

As the article demonstrates, even a small increase in your mortgage interest rate can spell major changes in your monthly payment. For example, if interest rates for a 30-year, fixed-rate mortgage increase by one percentage point from the current rate of 4.65%, you’ll pay a whopping $53,000 more over the course of your loan than you would pay if you purchased today.

The Takeaway

If you’ve been thinking about purchasing a home, do yourself a favor and make a move now before interest rates go any higher—and save yourself a ton of cash in the process. Let me know your situation and lets find you a home before you spend more than you wish. Give me a call-248-790-5594. Tom Gilliam

Home Searching – Online vs. In Person Visits

Home Searching – Online vs. In Person Visits

Looking at Homes in Person

When home searching you might have heard real estate horror stories where houses put up for sale online turned out to be riddled with all sorts of problems when buyers actually visited them.

Considering the competitive nature of the market, most sellers today offer buyers the opportunity to tour their houses virtually. A professional blueprint of the house is made and you can have a satellite view of the house, the rooms and even see the minutest details such as the arrangement of bed sets and furniture.

If you are scouring the market for your next potential home in Oakland County, Michigan, here are key differences you need to know between searching for a house online and in person:

Home Searching Online

Here’s the harsh reality: what you see online might not be the closest to reality most of the times. There are many flaws in a house that can be hidden with proper lighting and photography techniques. Browsing homes online? Knowing the following will help:

·   It’s Huge

Photographers use wide angle lens when capturing images, which can make absolutely anything look fabulous. A room might seem huge to you so much so that you think it can fit anything.

·   It Looks Like a New House

The lighting and the angles can give the house a new look. In the pictures, you might see pristine walls with no scratches but you won’t see the reality until you can physically inspect the walls.

·   It Looks So Peaceful

Pictures taken of the front yard and backyard are usually close-ups, so you don’t see anything out of the ordinary. You might assume that the house has a nice green backyard and a full garden but in reality, it was just a picture of a patch and a few planters.

·   I Have a Good Feeling about This House

Pictures can change your mind because your expectations are based on what you saw online. You cannot base your decision solely on pictures and this is why it is important to tour the home for sale in Oakland County, Michigan in person.

Home Searching In Person

If you want to have a look at every nook and cranny of the house, then it is better to visit the place.

·   Is This a Room or a Closet?

That bedroom you fawned over in the pictures… doesn’t it look like a closet? That’s the deception of pictures! When you are standing in the actual space, you realize how small the rooms are.

·   What’s that Smell?

If the previous owners had pets, you can probably smell them by now. This is why it is important to go into each room and make sure that there are no bad odors or stains.

·   Did I Just Hear Gunshots?

Well, this is reaching too far but did you search the area before visiting the house? You never know how high the crime rate is in the areas until you see the surroundings.

·   Is That a Goat Farm in the Neighbor’s Yard?

While your neighbors are allowed to do anything on their property but too much noise can be a problem. Your neighbors might include couples who party too loud or pets who may be bent on destroying all your precious plants.

Now you know why it is so important to physically visit homes for sale, rather than making an offer based solely on photographs. If you want to buy a Oakland County, Michigan that falls within your budget and has all the features you need, then visit Homes2MoveYou. Get in touch with me and start exploring houses in areas of your liking.

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Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Have you been searching for your dream house for long? Did you find one but the negotiations did not go your way? Your house search is contingent on negotiations… it can either make or break the deal. Of course, your real estate agent will be by your side guiding you throughout the process but at the end, you have to take the final decision.

Often people let go of a great deal on a home for sale in Farmington Hills, Michigan thinking that the price is too high. Until you have looked at the comps and have had a house inspection, do not make any rash decisions. Yes, the negotiating phase is nail-biting because you never know what kind of counteroffer the seller will come up with but you have to keep an open mind, so that the opportunity in front of you does not slip through your hands.

Following are six mistakes that you should know before approaching a seller:

Mistake #1

Price Is the Only Thing You Should Focus On

So, you finally found a house that is $10k below your budget. While the price of the house is low but you are forgetting to factor in the cost of repairs and maintenance. Then there’s the landscaping, repainting and most important of all, the roof. Add all these costs to your monthly mortgage payments and the number will reach an astronomical level.

Don’t just look at the sticker price! You might get lucky if the seller is in a hurry to sell the house, which means an even lower price but still, make sure that you look at every feature of the house.

Mistake #2

Unwilling To Negotiate on Small Repairs

Say the house has a deck and some of the floorboards are rotten. Instead of focusing on the plus point that it has a “deck”, getting stuck on its repair is not a good argument. You are saving thousands of dollars on the house and the repair will cost you top $100. So, keep an open mind when it comes to small repairs.

Mistake #3

Waving Formalities in Negotiations 

The home for sale in Farmington Hills, Michigan you just visited is the “one” you have been looking for. Fearing that another buyer might place an offer anytime now, you waive few of the formalities such as a house inspection. Bad move! You don’t know if the basement has termites or the plumbing is faulty. Such repairs can cost you thousands of dollars, which will blow out your budget and your savings account.

Mistake #4

Getting Stuck on Your Offer Price

Say the house costs $200,000 and you come up with a counteroffer of $198,000. The seller doesn’t like your offer and won’t budge from his asking price. Are you going to walk away from the deal? You shouldn’t. Say if you have paid 20% down payment and are on a 4% interest rate loan, then the monthly payments will rise by just $8. In the bigger picture, it’s a small amount.

Mistake #5

Backing Out of the Deal after the Inspection Revealed a Few Repairs

Are the repairs so big that you feel they will cause a problem in the future? If not, then sit down with the seller and have chat on how to deal with the repairs and negotiations.

Mistake #6

Offering a Low Ball Offer

A low ball offer usually feels like an insult to the seller. So, do your homework and ask your real estate agent for comps. Only then come with a price for the negotiations.

Remember, when the time comes to make an offer, look past the small stuff and focus on what matters such as the foundation of the house. If you want to buy a home for sale in Farmington Hills, Michigan that falls under your budget, then visit Homes2MoveYou. Get in touch with me directly at 248-790-5594

Farmington Hills Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Farmington Hills Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Have you been searching for your dream house for long in Farmington Hills? Did you find one but the negotiations did not go your way? Your house search is contingent on negotiations… it can either make or break the deal. Of course, your real estate agent will be by your side guiding you throughout the process but at the end, you have to take the final decision.

Often people let go of a great deal on a home for sale in Farmington Hills, Michigan thinking that the price is too high. Until you have looked at the comps and have had a house inspection, do not make any rash decisions. Yes, the negotiating phase is nail-biting because you never know what kind of counteroffer the seller will come up with but you have to keep an open mind, so that the opportunity in front of you does not slip through your hands.

Following are six mistakes that you should know before approaching a seller:

Mistake #1

Price Is the Only Thing You Should Focus On

So, you finally found a house that is $10k below your budget. While the price of the house is low but you are forgetting to factor in the cost of repairs and maintenance. Then there’s the landscaping, repainting and most important of all, the roof. Add all these costs to your monthly mortgage payments and the number will reach an astronomical level.

Don’t just look at the sticker price! You might get lucky if the seller is in a hurry to sell the house, which means an even lower price but still, make sure that you look at every feature of the house.

Mistake #2

Unwilling To Negotiate on Small Repairs

Say the house has a deck and some of the floorboards are rotten. Instead of focusing on the plus point that it has a “deck”, getting stuck on its repair is not a good argument. You are saving thousands of dollars on the house and the repair will cost you top $100. So, keep an open mind when it comes to small repairs.

Mistake #3

Waving Formalities

The home for sale in Farmington Hills, Michigan you just visited is the “one” you have been looking for. Fearing that another buyer might place an offer anytime now, you waive few of the formalities such as a house inspection. Bad move! You don’t know if the basement has termites or the plumbing is faulty. Such repairs can cost you thousands of dollars, which will blow out your budget and your savings account.

Mistake #4

Getting Stuck on Your Offer Price

Say the house costs $200,000 and you come up with a counteroffer of $198,000. The seller doesn’t like your offer and won’t budge from his asking price. Are you going to walk away from the deal? You shouldn’t. Say if you have paid 20% down payment and are on a 4% interest rate loan, then the monthly payments will rise by just $8. In the bigger picture, it’s a small amount.

Mistake #5

Backing Out of the Deal after the Inspection Revealed a Few Repairs

Are the repairs so big that you feel they will cause a problem in the future? If not, then sit down with the seller and have chat on how to deal with the repairs.

Mistake #6

Offering a Low Ball Offer on a Farmington Hills home

A low ball offer usually feels like an insult to the seller. So, do your homework and ask your real estate agent for comps. Only then come with a price for the negotiations.

Remember, when the time comes to make an offer, look past the small stuff and focus on what matters such as the foundation of the house. If you want to buy a home for sale in Farmington Hills, Michigan that falls under your budget, then visit Homes2MoveYou. Get in touch with me today and start seeing houses in areas of your liking. Tom Gilliam 248-790-5594

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