Home Buyers-Don’t Let Your “Luck” Run Out

Home Buyers-Don’t Let Your “Luck” Run Out

 Although it is St. Patrick’s Day around the country, it does not stop the interest rates for home buyers from climbing. The rates for home buyers is still at record lows but this is changing fast and as you can see from the predictions now might be the best time to purchase a new home. Home inventory is low, but will increase over the spring and summer months so the best advice I can give Home Buyers-Don’t Let Your Luck Run Outyou is to start your home search right away in order to save thousands throughout the term of your mortgage. I’m always here to help contact me anytime.

The 30-year fixed mortgage interest rate is currently still below 4%. Many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year, believing they still have time to lock in a low rate.

If you look at what the experts are predicting over the course of the next 12 months, it may make the decision for you.

Home Rate Predictions for 2016 2Q:

Even an increase of half a percentage point can put a dent in your family’s net worth.

Let’s look at it this way…

The monthly payment (principal & interest only) on a $250,000 home today, with the current 3.86% interest rate would be $1,173.

If we take that same home a year later, the Home Price Expectation Survey projects that prices will rise about 4.4% making that home cost $11,000 more at $261,000.

If we take Freddie Mac’s rate projection of 4.7%, the monthly mortgage payment climbs to $1,354.

Some buyers might not think that an extra $181 a month is that bad. But over the course of 30-year mortgage you have spent an additional $65,160 by waiting a year.


Start You Home Search Here
March 2015 Homes2MoveYou News For Oakland County Mi.

March 2015 Homes2MoveYou News For Oakland County Mi.

March 2015 Homes2MoveYou News For Oakland County Mi.

In this months News For Oakland County Mi March 2015 Homes2MoveYou News For Oakland County Mi. Please enjoy this months News, Thoughts, Tips and Thank You’s to all of my following Home Buyers, Home Sellers, Friends and Family in Oakland County, Mi.  It is my pleasure to share with you as much as possible regarding buying, selling and even renting a home in Oakland County, Mi. Remember if your looking to Buy or Sell a home in Farmington Hills, Novi, Northville, West Bloomfield or any of the surrounding areas, the best compliment I can receive is a referral form you. Lets get ready for the spring Housing Market together!

Enjoy This Months News For Oakland County Mi

If you are looking for a home in Oakland County, Michigan, you need to find a Realtor who knows the community. Tom Gilliam currently lives in the Greater Oakland  County Area and is very familiar with the market, neighborhoods, schools and community issues. Located into the heart of Farmington Hills, Tom is ready to help families find homes in the Oakland County area including: Farmington Hills, Birmingham, Troy, Rochester Hills, West Bloomfield, Bloomfield Hills, Ferndale, Royal Oak, Northville and the Metro-Detroit area (specifically Canton and Novi).

March 2015 Homes2MoveYou News For Oakland County Mi.

March 2015
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Tom Gilliam, Real Estate Consultant   ♦   248-790-5594

Just Around the Corner

With March coming in like a Lyon, I’m hoping it goes as they say “Out like a Lamb” as many of you are I’m sure! The spring Selling Market is upon us and many home owners are preparing to sell their homes in the coming months. With home prices topping out in Oakland County, Mi. now is a great time to start interviewing agents to get the job done. Remember I’m always here to help with your home buying and selling needs. The housing market has many buyers waiting for your property!

I provide many tools to help you whether your looking to buy or sell. Below are some helpful links that I think will be a great resource for you or a friend or family member who is going to be buying or selling.

Search all Listings in Oakland County Michigan 

What Is Your Home Worth- Free Market Analysis 

Free Home Buyer and Home Seller E-Books

Tom Gilliam

Tom Gilliam

RE/MAX Classic

29630 Orchard Lake

Farmington Hills, Mi. 48334

Email:[email protected]

Web: Homes2MoveYou.com





Win a $10 Starbuck’s Card…

Starbucks Coffee

It’s easy to win! Find the quiz question inside this newsletter, then email me your answer. Each month, all correct entries have an equal chance of winning a FREE $10 Starbuck’s card.

  • Last month’s question: If you were running a race and you passed the person in 2nd place, what place would you be in now?
  • Answer: 2nd Place. (Many people mistakenly say 1st place.)
Congratulations to Last Month’s Winner: Candice Miller

Realism or Idealism in Listing Photos… Which Works Better for Selling a House?

The psychology of house listing images is not hotly debated. But maybe it should be, because listing photos can make a huge difference in how fast and for how much a home sells.The important question is this: Which works better to sell a house…a realistic image, or an image “dressed to advantage” to enhance the size or angles of a room?On the buyer side, I can tell you that home buyers are often disappointed or even angry when they see a home that doesn’t measure up to the ideal images they saw online.I can also tell you that sellers love photos that make their homes look as special as they feel. There are no ugly children when it comes to selling a home.But which works better in terms of selling? Take a look at the two images above. You see the same bathroom photographed for two listing periods with different agents. One listing lasted three months and had no offers. The other listing received an offer right away at the asking price. Which image from above do you think went with the faster sale?If you guessed the one on the right, you are correct. Apparently realism in images is not a deciding factor for buyers. What is a deciding factor is how many people see the house in person.Statistics show us that the more people who go through a house, the faster it will sell. Therefore, enhancing a room through staging and good photography (not fakery, though) can help a home sell faster simply by getting more people to the house. Once at the house, people quickly forget the photos as other aspects of the home attract them.

St. Patrick’s Day

Now Worldwide

Tuesday, March 17 is St. Patrick’s Day, an event now celebrated all over the world. But what, exactly, is the purpose of that holiday?Obviously, you might say, the day is to honor Ireland’s patron saint, who introduced Catholicism to the Irish and rid their land of snakes. Right?Of course not. Everyone knows the Irish love a good party, and St. Patty’s Day is as good an excuse as any to wear green and celebrate. When you think about it, St. Patty’s Day is smart marketing that maintains an image of the Irish as Puckish people who enjoy a jig and a bit ‘o fun…whether true or not!

Hug Thank You Friends and Clients  

Welcome to new clients and Thank You to friends who’ve trusted me with their referrals.I appreciate my wonderful friends and clients who thoughtfully introduce their friends, family and coworkers to me.

Don Pikcula   —   Robert Price   —   Gloria Feney

Just for Fun: Lost Luggage

After his return from Rome, Joe couldn’t find his luggage in the airport baggage area. He went to the

lost luggage office and told the attendant there that his bags hadn’t shown up on the

luggage carousel.

She smiled and told him not to worry, and said he was in good hands…that they were all trained experts at finding lost luggage.

“Let me ask you a few questions, OK?” she said. “First of all, has your plane arrived yet?”

Joe decided right then that he might as well write his luggage off forever.

Arrow Up

Put an Extra $5,000 in Your

Pocket When You Sell

What you do before you sell your home can put an EXTRA $2,000, $5,000, even $10,000 more in your pocket at sale time. Too many people leave this “easy” money on the table. Don’t let that money go! Contact me for an in-home consultation to assess your remodel, repair, and staging needs up to a year before you plan to move.

Email me: [email protected]  ♦  Text or call me:  555-222-3333

BedroomHow DIY Projects Can Cost  You Thousands…

In homes for sale it’s common to find odd or poorly executed DIY projects that were done by owners who wanted to give it a try. After all, doing what you want to your home is one of the joys of home ownership! Unfortunately, a feature that someone poured their heart into can look unprofessional and even weird to potential buyers.  Picture sloppy paint trim, an extra window cut into the kitchen to pass food through, or the cork-board wall that was cool in the 1980’s.

Why is all this a problem? After all, buyers can easily fix things if they don’t like them.

Unfortunately, buyers tend to avoid making offers on homes they perceive to have a lot of small instant projects they’ll need to remedy.  Even though the projects may cost just a few hundred, their perception is that they’ll need to get “a great deal” on the house before taking on those projects. The result is that you’ll get lower offers—often many thousands below asking price.

So before selling, remedy DIY projects that lack universal appeal. That may mean spending hundreds now…but the payoff may be worth thousands later. Call me a few months (if possible) before you plan to sell so we can see what needs to be done to get your house ready for the market!

~image from the website www.uglyhousephotos.com

March Quiz Question

If you had only one match, and you entered a cold, dark room where there

was an oil heater, oil lamp, and a candle, which item would you light first?

Email Your Answer Here

Exercise the Mind: Paradoxically Speaking…

What’s the Right Answer?

Paradoxes are situations that seem to make perfect sense when looked at one way, and perfect sense when looked at another, opposite way, too. Here are three of my favorite paradox questions:

  1. A man builds a wooden boat. Every three months he takes off one board, replaces it, and sets the old board aside.  After a long period of time he has replaced every board on the boat.  He then assembles the old boards into a boat.  Which boat is the old boat—the one built of newer boards or the one made of old boards?
  2. If God is omnipotent, can God create a rock that’s too heavy for him to lift?
  3. Is the statement, “There is no truth,” true or false?

From the Heart:

Words of Wisdom that Resonate

QuoteA friend of mine says that “knowledge is knowing a tomato is a fruit, and wisdom is knowing not to use it in a fruit salad.” In that vein, I’d like to share an article that’s been making its way around the internet. Here is an excerpt from Important Lessons in Life by Omer B. Washington.

  • I’ve learned that you cannot make someone love you. All you can do is be someone who can be loved. The rest is up to them.
  • I’ve learned that no matter how much I care, some people don’t care back. It’s not the end of the world.
  • I’ve learned that it takes years to build up trust, and only seconds to destroy it.
  • I’ve learned that it’s not what you have in your life, but who you have in your life that counts.
  • I’ve learned that you can get by on charm for about fifteen minutes. After that, you’d better know something.
  • I’ve learned that you shouldn’t compare yourself to the best others can do, but to the best you can do.
  • I’ve learned that it’s not what happens to people, it’s what they do about it.
  • I’ve learned that no matter how thin you slice it, there are always two sides.
  • I’ve learned you should always leave loved ones with loving words. It may be the last time you see them.
  • I’ve learned that you can keep going long after you think you can’t.

There is much more, and you can google Omer Washington for the full text online.

Free Report


Can a Pre-Approval Letter Help You Get a Better Deal When Buying a Home?

Yes! Including a good pre-approval letter with your offer can make a real difference. Likewise, a bad letter can hurt your offer. This month’s report shows you exactly what needs to be in your lender pre-approval letter to give you an advantage. Email me for a copy of this report…I can also forward it to someone else you know is planning to buy a home.

Email Me for a Copy

RoseHow Do Plants

Know When to Bloom?

Scientists have known since the 1930s that plants sense the length of the days and use that information to decide when to flower. It was only in 2005 that studies revealed a gene called FT which is active in the leaf and whose activity is regulated by day length. FT  produces a messenger molecule that is transported to the shoot tip where it activates a “gene program” that leads to the formation of buds. The program causes proteins to form that then talk to other proteins that exist at the future locations of buds.

Why does all this matter to scientists? Daffodils bloom in spring as the days get longer. Roses wait until summer. Rice flowers in the fall as the days shorten. Nature does fine, but humans sometimes want to fool her. Consider the benefits of early flowering rice. In certain parts of the world, this could allow the production of more than one harvest per year, further reducing world hunger.


Invest, Buy, Sell Homes In Oakland County MI

Invest, Buy, Sell Homes In Oakland County MI

Invest, Buy, Sell Homes In Oakland County MI
Invest, Buy, Sell Homes In Oakland County MI

Depending upon who you listen to, speak with or what you read, now is a great time to buy, sell or invest in Oakland County, MI real estate. And generally speaking, that’s true but is it the right time to invest, buy, sell homes in Oakland County Mi, I would say yes!

But what’s best for you specifically—at this time and in our Oakland County, MI market? Rather than relying on general rules-of-thumb, why not talk to us? As local real estate insider in Oakland County, MI we can give you the real answers you need. Local economy? Local neighborhoods such as Farmington Hills, Novi, Nothville to name a few? Local information? No matter the direction you want to take, we can give you current, down-to-the-day reports on how long it takes to sell a home here in Oakland County, MI, the sales prices that homes like yours are fetching and where homes sell quickly. If you’re looking to sell or buy in today’s local real estate market, we can help. It is time in 2015 to invest, buy, sell in Oakland County Mi according to all market analysis and information that is available to us as Realtor’s. Please feel free to contact me for more information.

Read on to see what we forecast for the local Oakland County, MI real estate market in the upcoming year. It’s good news—if you’re a homebuyer, home seller or investor—at any age and at any life stage! And, remember, we’re here to answer your real estate questions and provide you with the best, local advice for your real estate needs throughout the year. If you are ready to invest, buy, sell homes in Oakland County Mi, feel free to give me a call anytime 248-790-5594.

BUYING A Home In 2015

Is it the right time to buy homes in Oakland County, MI? You can’t tell by what we—or anyone else—tells you. Do some research into not only the local real estate market, but your own personal financial situation and your homeownership outlook. Here’s how to predict your home buying future:

Be realistic. If you realize that you may not find the “home of your dreams” as your first (or second or third) home purchase, you will likely attain your goal of finding a home in areas such as Farmington Hills, Novi and Northville.

Never say never. Don’t box yourself in thinking you can only buy a home in a particular area or of a specific style in Oakland County, MI. If you don’t find a home in your perfect neighborhood or in your ideal style, broaden your search criteria to find a stellar home you otherwise wouldn’t have known existed.

Long-term viewpoint. The best use of your housing budget might be owning a home in Oakland County, MI. With your own home, your monthly “rent” doesn’t go to your landlord, but instead helps build equity and your own wealth.

Plan smart. Before you sign any purchase offers, be sure you’re protected. Ensure you have a professional private home inspection of the home done (along with item-specific inspections such as mold, termite, radon, etc.) to keep from finding surprises you can’t afford—or simply can’t handle.

Think ahead. Make a complete list of all the necessary features in your new Oakland County,MI home—number of bedrooms and baths, yard, eat-in kitchen/dining room, etc. Determine what is a “must-have” and what is a “would be nice” before you go home shopping with your Realtor.

Get preapproved. With mortgage preapproval—not prequalification—you know exactly how much home you can purchase. Best of all, you won’t waste time looking at homes you can’t afford and your purchase offer will be more attractive to sellers knowing your financing is already in place, and your offer is most likely to close compared to another buyer whose financing is still in question or contingency.

You might not be able to predict the future, but you can tell when your family and finances are ready to own a home in Oakland County, Michigan.

SELLING A Home In 2015

If you’re thinking of selling your home in the Oakland County, Michigan area this year, you’re not alone. With home prices stabilizing and even inching up in Farmington Hills, Novi, and Northville, MI many families including millenniums are finding themselves able to sell their home and move to their next life stage, job or situation.

Forecast. No one, not even Realtors can predict where home prices are going in the next year (2015). If you price your home to sell TODAY, we can guarantee that you will sell your home. In this market, sellers can’t base their home’s sales price on what they want out of it, what they think it’s worth, how much they put into it, how much they owe on their mortgage loan, or what their next home will cost. For 2015 the key to getting top dollar is to price it right from the start in Oakland County.

Price is right. Some home sellers mistakenly believe that if they set their home price high, Oakland County homebuyers will offer an agreeable price and sellers have room to take a lower price. The problem is, if you set your home price too high, buyers looking at similar homes won’t even consider your home because they know they can get more home for the price elsewhere. Often, they will skip it completely, meaning your home is going to languish on the local Oakland County market, unsold.

Price it too low. If, however, you choose to price it under the current market value or at what nearby listings in Oakland County are asking, buyers will be attracted to a great home at a great price. In fact, you may find many more buyers than you expected looking at your well-priced home and starting a bidding war where none may have existed before.

Price it right. The key to getting your Oakland County, MI home sold in 2015 is price: If you don’t price it right, it won’t sell. Using the assistance of a real estate professional—like us—to arrive at the right price for your home is the way to go. We have the data to support our price suggestions and the proven experience, marketing and personal service to get your home sold in 2015!

Please see my complete February 2015 E-Newsletter HERE

Get your Free Home Buyer and Home Seller Guides HERE

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Tom Gilliam
ReMax Classic
[email protected]
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