FICO SCORES DETAILS

The Myth of FICO Scores – Buying a House Is “POSSIBLE”

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What is the first thing people worry about when they are considering buying a home for sale in West Bloomfield, Michigan? The FICO scores. In your eyes, what is the perfect score? 800? 850? When you are saving for the down payment, what is your goal? 15? 20? All these questions have myths attached to them that stop you from buying your dream house. You see, most people don’t have thousands of dollars lying around in their bank account. There are other needs such as energy bills, food, etc, that stop you from making a frivolous purchase. However, a house …

Comparable Sales in Oakland County Michigan

How Comparable Sales are Use to Price Your House

Thomas Gilliam Blog , comparables , home buying , home selling , pricing , real estate Leave a Comment

How Comparable Sales are Use to Price Your House Comparable sales are one of the biggest weapons in the real estate agent’s arsenal that he uses to set the sale price of your house. It involves looking at the previously sold neighboring houses and drawing comparisons based on its features. Of course, the current market value tells you a lot about how much the house can be sold for but if you want to find out the sale price to the last dollar, then looking at comparable sales will give you a clear idea on how high you can go …

inspection issues

Home Inspection – Preparing Yourself for the Surprises

Thomas Gilliam Blog , home buying , home selling , inspection , Oakland County , west bloomfield Leave a Comment

When you hire a home inspector for your home for sale in West Bloomfield, Michigan, you are often afraid of losing the house because this is the time when the house reveals its secrets. When the home inspection goes on for long, you become disappointed that you have to let go of your dream house. However, why retract the offer when you can come up with a counteroffer? Yes, there might be a few repairs but those can be easily dealt with if the seller agrees to offer you a few warranties or other incentives. Let’s have a look at …

Buyer Competition Heats Up Nieghborhood

Buyer Competition Heats Up This Spring

Thomas Gilliam Blog , competition , home buying , inventory , spring 2018 buyers Leave a Comment

From all accounts, this spring’s 2018 housing market is going to be a busy one. High buyer demand has carried over from last year and so have inventory concerns in many markets. In other words, anyone hoping to find and buy a house this spring should be prepared for buyer competition from other interested buyers. What does that mean? Well, in short, it means moving quickly and saving up some extra money to sweeten the pot, if necessary. In fact, according to a recent survey, home buyers say they are checking online listings every day and 40 percent say they’re …

The Top Sacrifices Millennial Buyers Say They'll Make steak potatoes

The Top Sacrifices Millennial Buyers Say They’ll Make

Thomas Gilliam Blog , down payment , home buying , millennials Leave a Comment

Buying a house is a major financial transaction and, for most Americans, the largest one they’ll ever undertake especially the millennial population. So pulling the necessary resources together to be able to afford the upfront costs, in addition to the ongoing obligations, maintenance, and upkeep can be difficult. Especially for first-time home buyers who don’t have the benefit of being able to sell a home to help fund their down payment. For this reason, many millennial buyers who aspire to homeownership have decided it’s worth making a few sacrifices in order to help save money to buy a house. In …

open house strategies

Open House Strategies That Stand Out

Thomas Gilliam Blog , home buying , home selling , open house , open house strategies , realtor open house , Uncategorized Leave a Comment

Getting eyeballs on your open house can be a challange especially when there are multiple open houses taking place in the same neighborhood simultaneously, you’re going to want to find a way to make your property the most memorable one in town. Aside from keeping the home immaculately clean and staged to perfection, there are other, decidedly more interesting strategies that some Realtors® use to leave a lasting impression in the minds of would-be buyers. Take a look at these innovative ideas that’ll take your showing from “so-so” to “sold.” 1. Strike up the open house band. via GIPHY Music …

Real Estate Buys Follow Farmington Hills Halloween

Thomas Gilliam Blog , farmington hills , halloween , home buying , home selling Leave a Comment

For Farmington Hills Real Estate, Halloween Marks a Turning Point  …Fa la la la la, la la la la: it’s carol time again! Not quite? You can’t almost hear those sleigh bells ringing? Well, brace yourself. Halloween is next Tuesday—and nowadays, that means that by Wednesday, holiday advertising will be with us for the duration. Whether we admit it or not, the Thanksgiving start of holiday season is a thing of the past. Hallmark has already launched its “Countdown to Christmas;” Farmington Hills mailboxes are filling with gift catalogs; store windows are only weeks away from being transformed into snow-sprayed …

real estate inspection

Rx for Farmington Hills Real Estate Inspection Jitters

Thomas Gilliam Blog , home buying , home selling , inspection jitters , real estate inspections Leave a Comment

Real Estate Inspection Jitters? Rx: Don’t Freak Out! As worrisome physical symptoms go, real estate inspection jitters should not be worrisome in the least. Neither Farmington Hills home buyers or their counterparts (Farmington Hills home sellers) need be troubled if they find themselves awaiting the house inspector with mounting anxiety: these are perfectly normal symptoms. My advice echoes HGTV’s prescription for a “Drama-Free Real Estate Rx”—in their words, “Don’t Freak Out.” The utter normalcy for pre-inspection jitters is indisputable—as is their cause. If you are the seller, you can be perfectly satisfied that you have done everything possible to ensure …