Buying a Home in Farmington Hills MI? Why You Need A REALTOR®

Buying a Home in Farmington Hills MI? Why You Need A REALTOR®

Buying a Home in Farmington Hills, MI? Why You Need A REALTOR®

If you are thinking about buying a home in Farmington Hills, MI, you will want to consider hiring a professional real estate agent to help you through one of life’s largest financial transactions. A Farmington Hills MI REALTOR®’s job is to match you with a home that fits your lifestyle needs and budget and also help you with making an offer, negotiations, the home inspection, and closing on your new place.

Some buyers may hesitate to use a professional real estate agent because they don’t want to pay the agent’s commission fee. That being said, it’s actually the seller that is responsible for paying the commission fee and not the buyer, which are typically about 5 to 6 percent of the home’s purchase price and split between the listing agent and buyer’s agent. 

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A Farmington Hills MI REALTOR® is a professional who works on your behalf and advocates for your interests. Because most sellers will have seller representation, you also want someone that has your back to represent you.

What You Will be Responsible for Without a Farmington Hill MI REALTOR® 

If you should decide not to hire a professional Farmington Hills MI real estate agent, you will be responsible for the following: 

1). You will have to uncover homes in the neighborhood or area you want to live in that match your budget and lifestyle needs. Although the many property search sites online can give you a sampling of what homes are currently available, you will have to research whether a seller’s asking price is justified based on comparable home sales in the area. 

Realtors also have access to even more listings. Sometimes properties are available but not actively advertised. A real estate agent can help you find those hidden gems. A local REALTOR® is also going to know the search area probably better than you ever could.

2). You will have to research information and important facts on a neighborhood, including those that a seller may choose not to disclose that could be important to you.  Researching local trends, market values, and other vital info can be daunting.

A real estate agent is equipped to know the ins and outs of every neighborhood. They’ll be able to tell you all about the school districts, zoning codes, the types of homes offered, and where to find everyday needs.

3). You will have to negotiate an offer, including the price and other clauses and contingencies in the purchase agreement. Any time you buy or sell a home, you’re going to encounter negotiations, which can easily get a little heated. Don’t you want a savvy professional negotiator on your side to get the best deal for you?

4). You will have to navigate the home inspection and negotiate repairs or credits with the seller. A REALTOR® will help draw up a purchase agreement that allows enough time for inspections, contingencies, and anything else that’s crucial to your particular needs.

5). You will have to sort through complex paperwork filled with real estate terms you might not understand. Real estate has its own language. It’s full of acronyms and semi-arcane jargon. A skilled real estate agent has been through all the paperwork before and actually knows what it means.

Questions? Concerns? Confused? An agent can clarify all the clauses, contingencies, and jargon-filled fine print as well as find hidden fees and conditions that you might have skimmed over.

Your Farmington Hills MI REALTOR® Will Run A Comparable Sales Analysis

One of the main tasks a REALTOR® will perform for you is a comparable sales analysis (also known as “comps”) of homes that are similar in size, condition, and age to the property you are interested in purchasing. 

Your Farmington Hills MI real estate agent will evaluate the prices of homes that are currently on the market and those that have sold in recent months to determine whether a seller’s asking price is in line with market data. Without this critical market data, you could easily end up overpaying for a home. 

As you can see, there are a lot of moving parts that go into purchasing a home. Hiring an experienced and skilled Farmington Hill MI real REALTOR® like Tom Gilliam can save you time, money, and possible headaches down the road.  

Partner With Top-rated Farmington Hills MI Real Estate Agent – Tom Gilliam

2020 Best of Farmington Hills REALTOR - Tom GilliamTop-rated Farmington Hills MI REALTOR® – Tom Gilliam has over 20 years of local experience and provides the kind of knowledge, skills, dedication, and personalized service you need and deserve when buying a home.

With access to the most up-to-date listings in Farmington Hills and surrounding Oakland County, Tom can help you explore your options and find your dream home. 

As your personal agent, Tom will protect your interests, negotiate on your behalf, advocate for you, and go the extra mile to ensure a smooth and successful transaction. 

 

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If you or someone you know is interested in buying a home in Farmington Hills or Oakland County, MI, please give Tom Gilliam a call today at (248) 790-5594

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Direct: 248-790-5594
Office: 248-737-6800
Email: Tom @ Homes2MoveYou.com
License #314578

Selling Your Home Safely During The COVID-19 Pandemic

Selling Your Home Safely During The COVID-19 Pandemic

The COVID-19 pandemic has brought much of the country to a screeching halt. But, just because people are stuck at home doesn’t mean your home sale has to come to a screeching halt, too. You can sell your home in the midst of this challenging time—as long as you’re safe.

Now more than ever, it’s important for home sellers to be flexible with shifting market dynamics. While some sellers are deciding to pull their homes off the market during the COVID-19 crisis and try to sell at a later date, that may not be an option for everyone.

If you are planning to move forward with selling your Farmington Hills home during the COVID-19 pandemic, there are some things you can do differently during this current market while keeping everyone involved as safe and healthy as possible

recent article from realtor.com outlined steps homeowners should take to sell their home safely during the COVID-19 crisis, including:

 

  • Embrace virtual showings. You don’t need a bunch of potential buyers walking in and out of your house; it’s not safe for you or them. Instead, have your real estate agent vet buyers and give them virtual tours of your home.

 

  • Practice safety measures for in-person showings. If your real estate agent has a buyer who they’ve vetted and is extremely interested in the property, they may want to see your home in person. Before you allow anyone in your home, make sure to thoroughly clean and disinfect all surfaces to protect potential buyers—and then make sure to do the same after the in-person tour to protect yourself and your family.

 

  • If possible, close remotely. Many states have remote notaries and many lenders offer fully virtual closings. Do your research and see if you can close your home sale remotely to avoid any unnecessary contact.

The coronavirus pandemic is changing the way people buy and sell homes. But with the right safety measures, there’s no reason it has to derail your home sale!

To find out more about buying or selling Farmington Hills real estate, please contact Tom today at 248-790-5594 or you can get in touch 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

3 Things That Have Changed in Real Estate Since the Pandemic (and 3 Things That Haven’t)

3 Things That Have Changed in Real Estate Since the Pandemic (and 3 Things That Haven’t)

The global COVID-19 pandemic has affected life across the globe. Strict social distancing measures, school closures, and, in many locales, a ban on all non-essential businesses have turned people’s lives upside down and thrust us into a surreal existence where we’re spending nearly all of our time at home.

From a real estate perspective, it would be disingenuous to say that nothing has changed. Great agents are honest at all times, even (especially) when it’s difficult.

That said, there’s no indication that we’re in (or headed toward) a housing crisis like the once-in-a-century 2008 collapse. And, by all accounts, the fundamentals of the housing market remain in place, despite the safety precautions enforced by health and government officials.

The following list may help you better understand what’s changed and what hasn’t in the world of real estate:

What’s changed:

1. Access to showings

In many places, the process of showing a home has changed. Some states have put limits on the number of people allowed to gather in one place, which has impacted open houses. Additionally, sellers, buyers, and agents are taking more precautions to keep themselves safe, with more cleaning, access to protective gear, and enforced distancing measures becoming the norm. Digital-only showings are also growing in popularity, although they’re still relatively new. Despite all this, if there’s a home you’re interested in seeing, it’s still possible to make it happen.

2. The closing process

Much of the work that needs to be done between going under contract to sell or buy a house and the closing can be done remotely and electronically. But there are many things that need to be done by many people throughout the process. From the mortgage, to the title work, to inspections and appraisals, getting to the closing table depends upon a lot of people doing their job. Social distancing and working entirely remotely has a certain learning curve while everyone involved figures out how to get their end of things done. So, the process may take at least a little longer, and change as everyone figures out the best way to handle things. The upshot to this is that it could create better, more efficient ways of doing things moving forward.

3. Some mortgage products

Perhaps the most impactful changes in the real estate industry are happening in the mortgage market. The conditions on certain products are being tightened, and some lenders are temporarily exiting the market altogether. Jumbo loans (a type of financing where the loan amount is higher than the conforming loan limits set by the Federal Housing Finance Agency) seem to be feeling the most impact, while conventional loans, which are considered less risky, have been less affected. If you have questions about getting pre-approved, you should contact a mortgage professional who can help you better understand your options.

What hasn’t changed:

1. People’s dreams

Even when the whole world comes to a stop, our hearts and minds do not. We all have dreams, whether it’s owning a fabulous condo in the city, a sprawling victorian with a rolling lawn, or a starter home that we can finally call our own. A pandemic doesn’t change that, even though it can help put things in perspective and remind us of what matters most. But don’t let the strange times we’re in stop you from daydreaming and working toward those dreams. A pandemic is temporary; our hopes are not.

2. Housing demand

There’s been a well-documented housing shortage for years, and there’s no indication that the fundamentals have yet changed. That said, every real estate market is unique, and what holds true on a macro-level may not hold true in your local area. Regardless of the specific market and overall demand in your area, people always need homes, despite a pandemic. So, if you want to sell, there’s likely a buyer for your home. And if you want to buy, there’s likely a seller who’d love to sell.

3. Our desire to help

Most agents eat, breathe, and sleep real estate, and aside from looking out for our loved ones and wishing for a healthy and safe resolution to this mess, that hasn’t changed. We want to help you with your real estate needs because we’re passionate about what we do, and it’s likely that our newfound home-time has coincided with a lot more real estate research than it has with cleaning or learning how to play the guitar.

Realtor-Tom Gilliam is your expert to buy or sell your home in Oakland County, Michigan, the Oakland County community’s number one Realtor. In Oakland County, Michigan, you need to find a Realtor who knows the community.

Tom Gilliam currently lives in the Oakland County Area and is very familiar with the market, neighborhoods, schools and community issues. His office is located into the heart of Farmington Hills, with five additional offices throughout the south east metropolitan area to serve his clients real estate needs

changes in housing since pandemic

3 Things That Have Changed in Real Estate Since the Pandemic (and 3 Things That Haven’t)

READY TO SELL YOUR FARMINGTON HILLS HOME? WHY YOU NEED A REALTOR®

READY TO SELL YOUR FARMINGTON HILLS HOME? WHY YOU NEED A REALTOR®

Ready To Sell Your Farmington Hills Home? Why You need a REALTOR®. Most folks will agree that selling your home is one of the biggest financial decisions you’ll make in your lifetime and can be a complex process. Considering the relatively small cost of hiring a qualified Farmington Hills REALTOR® to assist you and the large potential risk of not hiring one, it only makes good sense to hire a professional to get your home sold fast and for the highest market price possible.

A highly-qualified agent like Tom Gilliam, who is a member of the National Association of REALTORS®, can help you at every stage of the selling process from setting the right asking price to marketing your property to closing the sale.

SETTING THE RIGHT PRICE

Typically, the selling process starts with determining a reasonable asking price. Tom knows the Farmington Hills real estate market inside and out. He brings over twenty years of experience to the table and can give you accurate, up-to-date information on what is happening in the local marketplace.

As a licensed, professional REALTOR®, Tom has access to data about recent sales in the area and can help you price your home accordingly. He will protect your investment by making sure you don’t end up giving your home away. Setting the best market price will encourage interested and qualified buyers to consider your home and recognize the market value it represents.

GETTING YOUR HOME READY TO SELL

An experienced Farmington Hills real estate agent like Tom can also help you get your house ready for sale, point out housing-code or zoning violations, and suggest improvements to help your house sell faster and for the highest price. Tom can provide referrals of qualified home inspectors and contractors should your home need additional repairs or need to be brought up to code.

MARKETING YOUR HOME

Marketing your home includes exposing your property to as many potential buyers as possible as well as other real estate agents through a Multiple Listing Service and other cooperative marketing networks. Tom knows where and how to advertise your Farmington Hills real estate property online as well as which medium, format, and frequency will work best for your market.

Tom understands that the Internet is the first place the majority of home buyers visit to help them in their home search. Your home will be listed in hundreds of locations all around the Internet and get exposure on all the major sites like Zillow, Homes.com, and Trulia, along with many other sites frequented by home buyers.

Over the years, Tom has built up a vast network of real estate professionals and regularly speaks with other agents. He understands that word-of-mouth is one of the most effective ways of finding potential buyers. Tom will often set up a special showing of your property and limit it to other agents who will see it with their clients in mind.

NEGOTIATING THE DEAL

When it comes to negotiating your real estate deal, Tom can help you objectively evaluate every buyer’s proposal without compromising your position. This initial agreement is only the beginning of a process of appraisals, inspections, and financing, which can include a lot of potential pitfalls.

Tom can help you write a legally binding agreement that’s a win-win for both parties concerned and that will be more likely to make it through the process. As a highly-skilled Farmington Hills MI REALTOR®, Tom has the training and experience needed to ensure that the sale of your house proceeds smoothly.

Tom works hard to build trusting and long-lasting relationships with his client-family and the number of his clients that are referred to him by previous clients is a testimony of his skills and integrity. He will always put your needs first and will handle the details to make sure your transaction is as stress-free as possible.

PARTNER WITH TOP FARMINGTON HILLS MI REALTOR®  – TOM GILLIAM

Whether you’re interested in Farmington Hills MI homes for sale or it’s time to list your current property, Tom Gilliam provides the kind of knowledge, skills, and personalized service you need and deserve. Tom will take the time to listen to your needs and concerns, keep you informed every step of the way, and will go above and beyond to ensure a smooth and successful transaction.

To find out more about buying or selling Farmington Hills MI real estate, please contact Tom directly at 248-790-5594 or you can get in touch 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

READY TO BUY A HOME IN NOVI MI? WHY YOU NEED A QUALIFIED REALTOR®

READY TO BUY A HOME IN NOVI MI? WHY YOU NEED A QUALIFIED REALTOR®

Ready to buy a home in Novi, MI? Most folks will agree that buying a home is one of the most significant financial decisions you’ll make in your lifetime. That being said, there are a lot of moving parts to real estate and buying a home is no small feat. That is why partnering with a trusted Novi REALTOR® only makes good sense. A savvy agent can help you navigate the local market, protect your interests, and guide you step by step from negotiating a price to navigating home inspections.

USING A REALTOR® COSTS YOU NOTHING WHEN BUYING A HOME

Yes, real estate agents get a percentage of the sales price of a home which makes some buyers hesitant to use one because they believe it drives up the overall cost. However, the seller, not the buyer, pays the commission so the many benefits of using a REALTOR® when buying a home in Novi are not costing you anything – and may just save you money in the long run.

FINDING THE PERFECT HOME IN THE RIGHT NEIGHBORHOOD

It’s true that anyone can search the MLS online for a house, and may even be able to get a peek inside without formally signing with a licensed, professional real estate agent. But unless you have time to make searching for the perfect home in the right neighborhood a part-time job, an experienced Novi REALTOR® like Tom Gilliam, who is intimately familiar with the local market, can help streamline your home search and match you with the perfect home for your family much faster.

According to the National Association of Realtors, finding the right home tops the list for the most difficult steps in the home buying process. 10 weeks was the average amount of time buyers spent searching for a home in 2018. (NAR Home Buyers and Sellers Generational Trends Report, 2019)

EXPLORE HOMES FOR SALE IN NOVI MI

A highly-skilled agent like Tom keeps his finger on the pulse of the local market at all times and is aware of new listings for Novi homes for sale as soon as they become available, ensuring that you have immediate access to the best homes and securing an offer. Working with a real estate agent like Tom gives you access to homes you might otherwise miss seeing.

WORKING WITH A LOCAL EXPERT SAVES TIME

Top Novi REALTOR® – Tom Gilliam is a local expert and can inform you about the different neighborhoods and communities in Novi, the types of homes and features offered, the builders, nearby schools, surrounding area amenities, local community developments, current market trends, and so much more. You won’t find that kind of in-depth local information by searching the MLS.

And if you’re looking for something specific, like a home with a pool, a four-car garage, a big yard or a guest house, a skilled agent is a person whose job it is to know if there’s a house in Novi to fit your needs. Tom will make sure he has a good idea of what you’re looking for in a home and won’t waste your time showing you houses that are not the right fit.

ETHICAL CONSIDERATIONS

Though not all real estate agents are REALTORS® (members of the National Association of REALTORS (NAR), those who are members have taken a strict oath to abide by a code of ethics.  REALTORS® are obligated to put the clients’ interests ahead of their own, make full disclosure about the problems with a property, and be truthful in advertising. Under the code, penalties can include a $5,000 fine, a one-year suspension from the association or a three-year expulsion.

TRANSACTION DETAILS & PAPERWORK

Numerous documents are involved in a purchase transaction such as the written offer, the written and signed counteroffer, the little details (such as specific repairs) and what exactly is and is not included in the sale. The chance of missing something, not checking a box or initialing a margin can drop significantly when you work with an experienced Novi REALTOR® like Tom Gilliam, who knows the paperwork inside and out.

 PARTNER WITH TOP NOVI REALTOR® – TOM GILLIAM
Tom Gilliam - Novi MI REALTOR

Whether you’re interested in buying a home in Novi or its time to list your current property, experience matters most in a changing market. Serving Novi homebuyers and sellers for over 20 years, Tom Gilliam has the knowledge, skills, dedication, and expertise you need and deserve.

Tom goes above and beyond for his clients and will exceed your expectations. To find out more about buying or selling Novi MI real estate, please contact Tom today at 248-790-5594 or you can get in touch 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 MICHIGAN
THE NEWEST LANDSCAPING TRENDS OF 2020

THE NEWEST LANDSCAPING TRENDS OF 2020

It’s a new year, and with every new year comes new design trends—including in landscaping. The National Association of Landscape Professionals recently released their picks for the top landscaping trends of 2020. Some of the biggest landscaping trends poised to take over lawns across the US this year include:

  • Multi-season landscape design. As homeowners become more cost and environmentally conscious in 2020, expect to see more versatile choices in landscape design—including choosing plants and other elements with multi-season functionality and the ability to thrive in a variety of temperatures and climates as this landscaping trend explodes.
  • All things blue. With different shades of blue being chosen as the color of the year by a variety of design outlets (including Pantone and Sherwin-Williams), the hue is going to be everywhere in 2020—including in landscaping trends and designs. Expect to see pops of blue (think sculptures and water features) to show up in on-trend outdoor spaces in the upcoming year.
  • One-click irrigation systems. Properly irrigating your lawn used to be an expensive, time-consuming process. But thanks to new technology and more high-tech irrigation systems, in 2020, homeowners have the ability to control their irrigation system remotely, delivering the perfect amount of water at the perfect time with the click of a smartphone app—saving time, money, and water in the process an added benefit from this landscaping trend.

What does this mean for you? If you’re thinking about selling your home in 2020, you want to make sure your landscaping feels timely and part of the landscaping trends —and now that you know the top landscaping trends for 2020, all that’s left to do is get outside and get your yard up to par!

Contact Oakland County Michigan Realtor Tom Gilliam #1 Realtor in Farmington Hills Michigan I’m always interested in assisting you whether in the Farmington Hills Michigan area, Oakland County or Wayne County for all of your real estate needs or questions that you may have. Contact Oakland County Michigan Realtor Tom Gilliam anytime for all of your Real Estate needs or questions. I’m always here to serve my clients whether in person or over email and even phone calls at 248-790-5594 and I never shy away from difficult questions and honest feedback.

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