As a homebuyer looking for homes in the Oakland County, Michigan area you may find yourself asking what property is included in the sale of the home, so this is to give some clarification on the topic of personal verse included property. Although your realtor would know exactly what is included and excluded with the sale of the home, but you should be aware as well when searching for a new home especially if you are a first-time homebuyer. Keep in mind attention to the details is a must to prevent a disagreement between the home seller and home buyer …
Home Seller Offers-Response Time Is Important
In today’s Oakland County Michigan housing market it is important now more than ever for home seller offers to respond to a buyers offer for purchase of their home, usually the time frame would be within twenty four hours which allows for the home seller offer to have plenty of time to be reviewed,considered and possibly allow time for the listing agent to review with their home seller as well. Although the twenty four hours is the standard, there are times that this is not possible as some home sellers are out of town,family issues or other events that may …
Homes For Sale In Farmington Hills-Hire A Real Estate Agent
You are probably wondering that if a person can buy a house on their own, then why can’t they sell one on their own as a For Sale By Owner (FBSO) . Homes for sale in Farmington Hills, Michigan deserve a great Real Estate agent to market, stage, arrange appointments and screen buyers to assure they are pre-qualified and able to purchase your home and get you the best price possible. Houses that have the sign stating “FSBO” (for sale by owner) do not make much profit. According to the National Association of Realtors, in 2017, 89% of the sellers sold …
Buying Your Farmington Hills Home-How Much To Borrow
The “rule of thumb” regarding loans is that your monthly housing payment such as the taxes, bills, insurance, mortgage, etc., should not be more than 28% of your income that you receive every month. When it comes to FHA loans, the balance of ration might be higher. The question that remains is, “How much do I need to borrow when buying your Farmington Hills Home?” Here’s what you should focus on: it all comes down to “down payment”. The higher the amount you have saved, the easier it will be to get a mortgage loan for your Farmington Hills home. …
Winter Home Buying Is Great Timing In Farmington Hills
Winter in Farmington Hills is the perfect time of year for plenty of things: making snow angels, going ice skating, and drinking hot cocoa by the fire are all things that come to mind. Do you know what else winter is the perfect time of year for winter home buying. There’s no better time to find your dream home than the winter months. Here are five reasons why winter is the perfect time to find a home: 1. There’s less competition for winter buying One of the best reasons to purchase a home during the winter is that there’s typically …
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 …
Staging on a Budget – Buyers Love a Clean and Well-Scrubbed House
Want to hear those “oohs” and “aahs” when a potential buyer comes for a tour of your house? The answer to this is staging. Staging does guarantee that your house will see much faster and above the market value. However, it is not all that matters. A few renovations and repairs go a long way in the home inspection report, which can be your saving grace even if its just Staging on a Budget What staging does show the buyer is spotless rooms, clean walls and carpet, well organized kitchen and a set table for the negotiations. Moreover, the online …
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 …
Home-Buying Fees Myths That Most People Fall For
Before you even think about buying a home for sale in Northville, Michigan, why not have a look at your financials. Most people believe that the mortgage loan they will apply for will cover all the costs but there are few fees that you will have to pay out of your own pocket. For this reason, you need to have enough savings, so that you can cover the service charges and the real estate agent’s fees. We like to call these extra costs as fee myths, which buyers think are not real. So, what is the first payment that you …
5 Deadly Pitfalls that Every Buyer Needs to Avoid
Research, research and research… this is the only thing you need to focus on when you are thinking about buying a home for sale in Oakland County, Michigan. There are many pitfalls that buyers are not aware of. Not only do these pitfalls waste your time and energy you put into the process but also put you under mounds of debt. Of course, with a real estate agent by your side, you can go through this process a little stress-free but at the end, you need to understand the responsibilities of becoming a homeowner. Don’t get caught up in the moment …
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