Novi MI Condos for Sale

Novi MI Condos for Sale

Novi MI Condos for Sale

If you’re currently in the market to buy a condo in the Metro Detroit area, be sure to explore Novi MI condos for saleMany families and young professionals live in Novi. Considered a hub for upscale shopping, dining, and entertainment, Novi is known for its top-rated schools, the Twelve Oaks Mall, and exceptional community living.

Novi is situated approximately 25 miles northwest of the center of Detroit, 19 miles east of Ann Arbor, 38 miles southeast of Flint, and 58 miles east of Lansing. Conveniently located at the convergence of four major expressways, Novi offers easy access to major employers and top-quality healthcare.

Tom Gilliam is a top Novi MI REALTOR® with over 20 years of local experience working with buyers and sellers.  Tom’s knowledge, professionalism, and expertise in the local market will give you the assurance you need for making the best condo purchase decision. Get the process started today by calling Tom directly at (248) 790-5594 or you can get in touch with him here!

On our easy-to-use website, you’ll be able to search the MLS for the most up-to-date listings for Novi MI condos for sale. You can save your search, create a free account, and receive alerts of new listings that match your home criteria delivered directly to your email.  

Search Novi MI Condos for Sale

$1,239,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
3,507
SQFT
49599 Villa Drive #6
Novi, MI 48374
TERRA Subdivision
$899,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
2,506
SQFT
49477 Villa Drive #2
Novi, MI 48374
TERRA Subdivision
New Listing - 3 weeks online
$650,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,610
SQFT
24823 Reeds Pointe Drive
Novi, MI 48374
ISLAND LAKE SOUTH HARBOR Subdivision
New Listing - 3 days online
$649,900
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,476
SQFT
26002 Island Lake Drive
Novi, MI 48374
ISLAND LAKE NORTH BAY OCCPN 1413 Subdivision
New Listing - 11 hours online
$639,900
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,476
SQFT
25844 Island Lake Drive
Novi, MI 48374
ISLAND LAKE NORTH BAY OCCPN 1413 Subdivision
$599,990
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,500
SQFT
25228 Sutton Court
Novi, MI 48374
KIRKWAY PLACE OCCPN 1572 Subdivision
Price Change - 4 weeks ago
$575,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,380
SQFT
25442 Sutton Court #25
Novi, MI 48374
KIRKWAY PLACE OCCPN 1572 Subdivision
New Listing - 4 weeks online
$475,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,572
SQFT
25284 Sutton Court
Novi, MI 48374
 

If you would like to schedule a private showing or would like more information about any of the listings for Novi MI condos for sale above, please contact top Novi MI REALTOR® – Tom Gilliam today.

Why You Should Consider Buying a Condo in Novi, Michigan

Thriving in business and leisure activities, MONEY Magazine recently ranked Novi #23 out of all U.S. cities for the best places to live in America. The magazine highlighted “minuscule” unemployment, numerous shopping options, and a high average income.  Novi continues to be one of the fastest-growing cities in Michigan and ranks among the top Oakland County communities for research, technology and service companies. 

Known for its top-rated schools, Novi includes all or part of four public school districts including Northville Public Schools, Novi Community Schools, South Lyon Community Schools, and Walled Lake Consolidated School DistrictPrivate schools in Novi include Detroit Catholic Central High School and Franklin Road Christian School. Higher Education opportunities in Novi can be found at one of Walsh College’s three campuses, The Art Institute of Michigan, and South University. The Japanese School of Detroit is a supplementary Japanese school also located in Novi.

Novi is home to Twelve Oaks, a super-regional shopping mall with over 180 stores, and considered the dominant shopping destination of choice in metro Detroit. The popular mall is anchored by major retailers including Lord & Taylor, Macy’s, Nordstrom, and JCPenney.  The city provides numerous outdoor recreation opportunities with plenty of neighborhood and community parks to choose from.

The nationally accredited Parks, Recreation and Cultural Services Department in Novi maintains more than 1,200 acres of parkland throughout the community. Novi’s quality parks and recreational programs invite and retain business, improve property values, provide economic impact, and attract new residents to the community. 

Lakeshore Park in Novi MI

Lakeshore Park in Novi, MI

The largest park in Novi is Lakeshore Park, which includes a swimming beach on Walled Lake (the largest lake in the City), biking and walking trails, two play structures, and picnic shelters. Golfers have several top-rated, 18-hole courses to choose from in Novi including Maples Golf Club (semi-private golf course), East/South at Links of Novi (public), South/West at Links of Novi (public), and West/East at Links of Novi (public).  

The Suburban Mobility Authority for Regional Transportation (SMART) operates local and regional bus services for Novi and the surrounding area. The closest major airport is Detroit Metropolitan Wayne County Airport, located about 27 miles from the center of Novi.

PARTNER WITH TOP NOVI MI REALTOR® – TOM GILLIAM

Although the real estate market is always changing, Tom’s commitment to exceptional, personalized service is something you can always count on. As a member of the National Association of REALTORS®, Tom adheres to a strict Code of Ethics and Standards of Practice and possesses a strong work ethic. Tom will always take the time to listen to your needs and concerns, keep you updated throughout the buying or selling process and will do whatever is necessary to facilitate a smooth and successful transaction. You will find that Tom is easily accessible – his phone never goes unanswered.  

If you’re looking to sell your current home in Novi, Tom incorporates the most effective and cutting-edge marketing approaches for getting your home sold quickly and for top dollar. Your property will be listed in hundreds of locations all around the Internet and will get exposure on all the major sites like Zillow, Trulia, Realtor.com, Movato.com, Homes.com, and other many other sites that homebuyers frequently visit. An expert negotiator, Tom will work hard to protect your investment by making sure that no money is left on the table. You can be assured that Tom is 100% committed to getting your home SOLD for the highest market price in the least amount of time possible.  

Most of Tom’s business comes from referrals from satisfied clients and industry peers. Hire Tom and he will protect your interests, advocate for you, and handle all the details of your home purchase or sale for the best possible results. To find out more about Novi MI condos for sale, please call Tom Gilliam directly at (248) 790-5594 or you can get in touch with him here!

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 Novi, MI

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Should You Go Directly To The Listing Agent When Buying A House?

Should You Go Directly To The Listing Agent When Buying A House?

When you’re looking to buy a house, you might think it makes sense to go directly to the listing agent who’s listed the property for sale.

Some of the more common reasons people give for doing so are:

  • Why not? Doesn’t it just make sense… The agent listed the property and is the one selling it. They know all about the house.
  • They know all about the owner, so maybe you can get some inside scoop and a better deal than if you had your own buyer’s agent in the mix.
  • Isn’t it like buying a car? You have to go to the dealer selling the car, so don’t you go to the agent who’s selling the house?
  • Some people say they just didn’t know any better.
  • It’s just easier than finding and working with a buyer’s agent.
  • It’ll be easier to deal with owner.
  • And, last but not least, if the agent is representing both the buyer and the seller, people feel like the agent will get them a lower price. Either because the agent is getting “both ends of the deal”, and therefore making more money, so the agent has more incentive to get you the better deal… Or, since there’s no other agent involved, people feel that the price can be reduced by the amount of commission saved.

Some of the above is true to some degree. But, much of it is wishful thinking…or a complete misunderstanding of how things work.

So, let’s get into a few thoughts to help you decide if it truly makes sense for you to go directly to the listing agent when you’re buying a house.

The listing agent represents the seller.

Should You Go Directly To The Listing Agent When Buying A House Stop

Stop! Listing Agent Represents The Seller

OK, in most areas the listing agent can represent both the seller, and the buyer. As long as it’s disclosed that he or she is representing both parties, and both parties agree.

That doesn’t mean it’s the best thing for you…or the seller.

Think about it for a minute. It’s pretty hard for someone to represent the best interest of both parties entirely. It isn’t impossible. But it’s tough.

And the first person the agent represented in the scenario is the seller. So it’s safe to assume that the agent probably has more allegiance to the seller. And if the listing agent doesn’t…if the listing agent helps you, the buyer, get an upperhand, well, that just doesn’t feel or sound right.

But, if that sounds good and right to you, and you find a listing agent who’s cool being in cahoots with you, then more power to you. The thing is, most real estate agents don’t play that way.

So, at best, you are “hiring” someone to represent your interest and the interests of your opponent. Think of it this way, would you hire the same lawyer to represent you and the person you’re fighting in court?

No, buying a home isn’t always that kind of battle, but the transaction is certainly large enough that it makes sense for you to have your own representation.

You should have someone representing you as the buyer. Hire your own buyer’s agent. Hire someone who’s going to help you get the best house, at the best price and terms.

If a listing agent pushes you to work with them…

Sometimes a listing agent will either hint at, or outright say that if you want to get the home for a better price, or get the home at all, you need to work directly with them.

The minute you hear that, run for the hills. Go find another agent. Work with the other agent to buy the house. And consider reporting the listing agent who said that. That is a huge red flag.

You have every right and option to choose your own agent to work with. No incentive or fear of loss should be implied for you to work directly with the listing agent.

This is especially concerning if you are already working with your own agent, and the listing agent knows that, and suggests or pressures you to not work with the agent you are already working with. If that happens, make sure to tell your agent. Let your agent take it from there…and don’t worry about it losing you the house or a better deal. It probably won’t.

Buying is a process.

At least buying should be a process.

Haphazardly looking at homes you come across online, or by driving by can cause you to miss homes that agents are seeing come on the market. Or ones that you may have overlooked, that they may point out to you as a great option, once they get to know you and your wants and needs.

When you work with one agent for the whole process, (at least a good buyer’s agent), you’re more likely to find, and not miss the best house for your needs. As much as the Internet allows you a lot more access to the inventory nowadays, it can be hard not to miss something, or overlook a great option on your own.

And when you work with an agent from start to finish, you build considerable trust. And that trust translates into getting yourself a better home, at the best price possible.

But when you’re just out there on your own, going to see every house you look at with a different agent, with no intention of working with that agent if you don’t buy that one house they are showing you…that spells disaster. If the agent only has that one shot with you, there’s a higher chance of an agent pushing you or selling you on doing something.

A great buyer’s agent who you have a committed relationship will look out for you and your best interests. So, before you even get serious about looking at homes to buy, do yourself a favor and find a great buyer’s agent and hire him or her.

Going directly to the listing agent has less upshots than it does potential downsides.

Listing: Contact Form

Homeownership Timing Couldn’t Get Better

Homeownership Timing Couldn’t Get Better

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, and costing tenants a whopping $2,000 more per year.

Data Source: Zillow

As renting becomes less economical, more and more tenants are exploring homeownership. And thanks to low down payment mortgage options (61% of first-time buyers made a down payment between 0 and 6%, according to the National Association of Realtors’ Realtors Confidence® Index), homeownership is more accessible for first-time buyers than ever, making it the ideal time to make a move.

The Takeaway For Homeownership

If you’re currently throwing a large chunk of your paycheck towards your rent, now’s the time to make a move and buy your first home. Not only is homeownership one of the best investments you can make in your future, but thanks to rising rents, you may also find yourself saving money in the short-term.

Opportunities like these are not the kind of things that you would miss out on when it come to homeownership. Take your own piece of heaven and consult with the most trusted local real estate agent who will be more than happy to show you what your options are. Remember that with each option presented, a new door opens up for a truly thriving future for your family as new residents of this beautiful place in Michigan called Oakland County.

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Home Buying With No Excuses

Home Buying With No Excuses

Home Buying-Bust Through

If you—or someone you know—is still on the fence about home buying today, don’t wait. We’ve heard lots of excuses in recent years. Not enough down payment? Credit score too low? Can’t qualify with a foreclosure (short sale, bankruptcy) history? Too much debt (especially, student debt)? Rates too high? Loans too expensive? Don’t know where to start?                    Home buying

All of these worries can be—and are—overcome with time and determination.

Don’t be walled in by old assumptions when it come to home buying. In this market with low rates and little down payment you owe it to yourself (or share this info with friends/family members) to discover exactly how to own a home.

With Oakland County seeing the lowest inventories in some time (as low as 4-6 months) it is time to be ready when your dream home finally hits the market. Home buying is process and once you start the process things will fall into place. 

It isn’t difficult. All you need to do is take the first step to contact a local real estate pro—like us—or a mortgage lender (we can refer you to several top-notch options). The only thing holding you back is making that first contact. Keep reading. You may be surprised to learn the real truth behind the myths that stop many from homebuying in our local real estate market.

I don’t have any money for a down payment. Even if you don’t have a chunk of change lying around, you might have family—or friends—who are willing to give you money for a down payment. Get gift letters stating that the cash is a gift and doesn’t need to be repaid and your down payment problem is solved. Or, ask a relative to invest in the property as a co-owner. Your relative puts up the down payment. You make the monthly payments. You both split any profits at sale.

My credit score isn’t good enough. You don’t need a super-high credit score to buy a home. In October 2014, the average FICO score for all types of closed/settled loans was 726. For FHA loans that figure stood at 683.

Interest rates are too high. Historically speaking, interest rates on mortgages are still very low. The bad news is, rates will eventually rise and that could put homeownership out of reach—if you continue to wait to buy a home.

I have savings, but I still don’t have 20% to put down on a house. You don’t need a huge down payment to buy a home today. Sure, 20% is a great down payment, but you can still get a loan with 5% down for conventional loans and 3.5% down for FHA loans. Some new loan programs allow as little as 3% down again. Let us show you the new math.

I have too much student loan debt (or other debt). If your debt is manageable and you’re making monthly payments to lower it, you aren’t automatically disqualified from getting a home loan. Speak with a lender to determine how your income and debts compare and if there’s room in your budget for a mortgage payment.

Loans are too expensive. Lenders charge fees to originate and process your loan and fees vary. They are required by law, before you agree to a loan, to provide a Good Faith Estimate (GFE) of all their charges. Different loan programs have different costs, so compare loans—and lenders—to find out which fits your budget best.

I can’t afford to apply for a loan. Most lenders do not charge for “running the numbers” to determine if you can qualify for a mortgage. During pre-qualification, lenders use general figures you provide to present a rough estimate of how much home you can afford. Pre-approval, in which lenders determine exactly how much home you can afford based on specific information—such as tax documents, paystubs and bank information you provide. Pre-approval is also often provided with no obligation by many lenders. Take the first step. Find out what you qualify to buy—it won’t cost you much more than time.

I don’t know where to start. As your local real estate professionals, we make it our business to answer your home buying questions, help you determine if you are able to buy a home…and then find the right home for you. Contact us at any time. We would love to discuss your situation and find out if we can make you a happy homeowner!

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