House-Buying 101-10 Questions to Ask Your Realtor before Hiring Them

House-Buying 101-10 Questions to Ask Your Realtor before Hiring Them

No matter what task you are doing, a certain set of rules need to be followed, so that you can stay on the right path. Robin had Batman guiding him on how to seek justice the right way; Harry Porter had Dumbledore who always supported him with his unique magical powers and so on. Are you following us so far? So what do you do when you are looking for a home for sale in Oakland County, Michigan?

The home buying process has a lot of pitfalls that people cannot navigate on their own. So, who helps you get your dream house?

A real estate agent!

A real estate agent has plenty of skills such as knowledge about the real estate trends and the market, connections with the right people who will help you move further ahead in the process, long list of listings, information about comps and the ability to negotiate like a professional.

What to Look For in a Real Estate Agent

We understand that this is a huge investment and both your time and money is at stake. What most people do in these situations is take the FSBO route, which often results in a low ball offer. Forget about the commission because compared to it, the other expenses you will pay by taking this job yourself will be way higher.

So, the wise decision is to hire a real estate agent when looking at a home for sale in Oakland County, Michigan but not before you ask him the following ten questions:

Q1. When did you start working as a realtor?

Ans. Here, you are looking for the realtor’s experience. The longer he has been in the market, the better skills he will have in finding you a home for sale in Oakland County, Michigan. Make sure that the information he provides matches what was mentioned on his website.

Q2. Have you sold many houses?

Ans. If the realtor provides you with a number, then he has been active in the market. This person will know how to deal with complications through his experience.

Q3. Where are you licensed?

Ans. Do check with the state’s Real Estate Commission to make sure that the realtor is authorized to work in the area, which he claims.

Q4. When can I see the first house?

Ans. Speed matters and the answer to this question will tell you how often the agent will be in touch with you.

Q5. In which neighborhoods do you sell?

Ans. Make sure the client sells houses in the areas of your liking.

Q6. How much do you charge?

Ans. Find out if the realtor will ask for more money in case the negotiations run longer.

Q7. Can I talk to some of your clients?

Ans. Contact these clients and find out how the agent helped them during their home buying process.

Q8. How long will it take for you to show me a house with features that I requested?

Ans. The realtor should give you a time line from the time you sign him and to when he will hand over your new house keys.

Q9. Are there are any chances that I will get a home for sale in Oakland County in the neighborhood of my liking?

Ans. The realtor should be upfront with you at all times and not waste your time. Do follow his advice, if he thinks that something you are asking for is not possible.

Q10. Can you get me in touch with mortgage lenders?

Ans. This answer will tell you how well connected the realtor is in the industry.

You made it! Now, ask these questions from at least two more realtors and then pick the one you feel comfortable with. If you want to buy a home for sale in Oakland County, Michigan that falls under your budget and has all the features you need, then visit Homes2MoveYou. Get in touch with a real estate agent and start seeing houses in areas of your liking.

 

Oakland County Homeowners Have a Better Grip on Home Values

Oakland County Homeowners Have a Better Grip on Home Values

Let’s face it, there are times when it is hard to get homeowners to understand what their home value really is, but today’s Oakland County homeowners are having a better understanding of their home values. The unexpected appraisal for Oakland County homeowners can be the difference between a satisfied home seller and an entire transaction going south, but these days Oakland County homeowners seems to have a better feel for what their property values are. Let’s break it down.

Oakland County Homeowner Expectations

The mortgage process is really all about verification and documentation, whether it is home buyers income, employment, credit scores and debts. Also there are verifications on things like home inspections, zoning, taxes, and of course the appraisals that need to be done before a closing date can be reached. For Oakland County homeowners the appraisals can be the time for anxiety and nervousness as this is the one thing that determines the homes worth. The appraisal is where the rubber meets the road, and can lead to further negotiations with the potential home buyer, especially when the Oakland County homeowner has unrealistic ideas on what the home is really worth.

Oakland County Homeowners In Sync

The lower appraisal can cause many issues for both the homeowner and the potential home buyer, for that reason, a recent report tracking the difference between Oakland County homeowners’ perception of their home’s worth and its appraised value is encouraging. Many homeowners found that their expectations of their home values were almost in sync with appraised values as it showed only a 0.33 percent off Oakland County homeowner’s estimates in April 2018. READ MORE

My services for Oakland County homeowners is second to none, if you would like a free no obligation consultation on selling your home, please do not hesitate to call me 248-790-5594

Listing: Open House Modal

Oakland County Michigan Homeowners Stay Optimistic

Oakland County Michigan Homeowners Stay Optimistic

Asking Oakland County Michigan homeowners whether or not they feel it it is a good time to buy a house can lead to an imprecise way of measuring the interest in the Oakland County Michigan homeowners to enter the housing market. The reason being that there are a number of personal factors that are weighed in when deciding if it a good time to make a move in this Oakland County Michigan housing market.

The Fear of Oakland County Michigan Homeowners

Oakland County Michigan homeowners have seen such a drop in local housing inventory that keep them from putting their home on the market, fearing they will not be able to find a new home themselves. In a survey from the National Association of Realtors show one group of homeowners pessimistic with the hopes of selling their current Oakland County Michigan home, and other in the survey show much optimism in selling their home and  taking advantage of the equity gains that have been rising and putting them into a new home.  Lawrence Yun, NAR’s chief economist, says this may be good for the overall market. “There’s no question that a majority of homeowners have amassed considerable equity gains since the downturn,” Yun said. “Supply conditions would improve measurably, and ultimately lead to more sales, if a growing number of homeowners finally decide that this spring is the time to list their home for sale.” More here.

According to a recent report from the National Association of Realtors, home values are at an all-time high in 64% (or nearly two-thirds) of the markets across the United States. Single-family home prices increased in an astonishing 92% of markets, with 15% of metro areas seeing an increase of 10% or more.

While these price increases are clearly bad news for buyers, they’re excellent news for sellers—especially sellers who struggled with negative equity after the recession.

According to a recent CoreLogic report, Evaluating The Housing Market Since The Great Recession, the average house price is now 1% higher than it was at the peak of the real estate market in 2006, which means even homeowners who purchased at the peak of the pre-recession bubble have recovered their home value.

The Takeaway

If you’ve been thinking about selling your Oakland County Michigan home, now is the time to do it. With home values at an all-time high and low inventory ramping up competition among buyers, there’s never been a better market to get the most value for your home.

Listing: Open House Modal