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 …
Setting The Asking Price For Your Home-Whats It Worth
Setting The Asking Price For Your Home-Whats It Worth As the seller, you are often going to have trouble with setting the asking price for your home. If it’s over priced, it will sit on the market for too long and if it is under priced, you might not get any money back on the renovations you just made. This is why it is important to consult a real estate agent before proceeding with any sort of real estate decisions. They have all the resources, which you don’t have access to and they can easily find any information they need. …
9 Scary Things Real Estate Agents Fear Hearing
When you’re in the business of helping people buy and sell homes — arguably the largest investment of their lives — it goes without saying that there’s a lot at stake. While real estate agents are typically unflappable pros who, in many cases, have experienced just about every scenario you can imagine, there are still some things that strike fear into their hearts. In the spirit of Halloween, let’s take a look at some of the most terrifying statements clients make that leave agents trembling. 1. “We’re having second thoughts…” Of course, it’s not uncommon to have a home buyer …
Existing Homes Value Are Up – It’s A Great Time To Sell
The Great Recession was one of the most challenging times in US history and in the Oakland County area. The US lost nearly 9 million jobs, unemployment nationwide hit an astounding 10%, and housing prices fell a whopping 33%, causing American households to lose of $16 trillion dollars in net worth also losing their homes value. After the housing crisis of 2008, many homeowners found themselves “upside down” on their properties, with their mortgage balances significantly higher than their homes value. According to Zillow, negative equity in the US peaked 31.4% in Q1 of 2012, meaning nearly one-third of all mortgage …
Housing Confidence Hits All-Time High (And What This Means For Sellers)
The Housing Confidence is at an all time high, this is great for home sellers that are looking to sell or downsize or cash in on their equity. With plenty of reasons to buy a home, but one of the main reasons is to build wealth. And if you own a home, chances are good that your wealth has gone up a few notches in the past year. According to the most recent Home Price Index Report from CoreLogic, home prices nationwide increased by 7% from March 2017 to March 2018. According to an April 2017 article from the National Association of Realtors, the …
Think FSBO Sellers Route Will Save You Money?
Many folks are tempted to take the FSBO Sellers route believing they’ll save a bundle by not paying an agent’s commission. They may imagine it’s a simple as sticking a sign in the ground and watching a qualified buyer magically appear. While that may happen occasionally, the vast majority of that time it doesn’t work like that. At all. FSBO Sellers Pricing It Right Coming up with the right asking price requires doing your due diligence. Researching what comparable homes in the area recently sold for is key. You may also want to hire an appraiser to be sure you’re …
Farmington Hills Michigan Housing Shortage
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 …
Farmington Hills Michigan Fall Real Estate Market
Seasonal Changes Fall historically is an active time of year in the Farmington Hills Michigan Fall Real Estate Market. Home buyers look to finalize their home purchase prior to the winter months, the busy holidays, and end of year (for tax benefits). Mortgage rates are also at historic lows, making home purchases more affordable. This fall, some areas are faced with a shortage of inventory. This can be due to fewer foreclosures listed for sale, sellers waiting for values to increase, or owners incorrectly thinking that real estate is not selling. Whatever the cause, it is leading to less inventory …
Reports On Today’s Housing : Weekly Market Reports
Reports That Matter to Home Buyers and Home Sellers These Reports give you up to date information on your local housing market which is valuable information for home buyers and home sellers alike. The great thing about these reports are that you can search any zip code, city, state and neighborhood to get the educated information to make a wise home buying or home selling educated decision. Feel free to share these and be sure to bookmark this page to get up to date local housing market data that is updated every 7 days. I work hard to keep my …