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.

BUYING NEW CONSTRUCTION VS A RESALE HOME IN FARMINGTON HILLS, MI

BUYING NEW CONSTRUCTION VS A RESALE HOME IN FARMINGTON HILLS, MI

Buying New Construction vs A Resale Home in Farmington Hills, MI – If you’re currently in the market to buy a home in Farmington Hills, you’ll undoubtedly be faced with a number of important decisions. A key decision right off the bat is whether to buy a newly-built home or purchase an existing property. Your answer is likely to depend on your lifestyle preferences, the priorities you put on features like high energy efficiency and budget when it comes to repairs and capital improvements.

There’s a lot to consider and it’s important to look at all of the variables before making any final decisions. Let’s look at the advantages and disadvantages of both new construction and resale homes:

ADVANTAGES OF BUYING A NEW CONSTRUCTION HOME IN FARMINGTON HILLS MI

With new construction, not only is everything shiny and new, but you get things just the way you want them. Here are some of the advantages of buying a new home to consider:

  • Brand new construction with active warranties
  • Customizable floor plans
  • Cost of upgraded features and appliances can be folded into the mortgage
  • Green appliances for better energy efficiency
  • Financing available through the builder, making it easier to qualify for a mortgage
  • Fewer maintenance costs associated with repairs or renovations
  • Resale homes may provide more opportunities for home improvements.
  • New construction homes are built with new materials and appliances, so less maintenance is typically required compared to resale homes.
  • New homes often have more safety features and fewer health hazards because they conform to current building codes.
  • The home’s major appliances and systems typically include manufacturers’ warranties.
  • New construction will typically feature modern architecture and layouts such as larger great rooms, bigger closets, and additional bathrooms, and don’t include the formal dining and/or living rooms that you’ll find in older homes.
  • Newly-built homes typically have better insulation due to better windows, more efficient heating and cooling equipment, and greater use of insulation.
  • New construction is often made with materials requiring less maintenance, such as aluminum siding, vinyl windows and pressure-treated wood decks that resist rot and insects.
  • New homes are easier to customize. Buyers can often choose a number of details from the get-go such as floor plans, paint colors, cabinets, flooring, faucets, light fixtures, etc.
  • New construction is more likely to be wired with new technologies in mind, such as security systems, multiple phone lines, high-speed Internet connections, and extra cable outlets.
NEW CONSTRUCTION DISADVANTAGES

There are a few downsides to buying new construction. Knowing the pros and cons can help you decide if a new home is right for you. The downsides include:

  • New construction tends to be more expensive than resale properties
  • Location may not be ideal (lack of schools and shopping opportunities, possible longer commute)
  • Property values are unknown
  • Lacking in uniqueness and character – cookie-cutter and possibly  design
  • Ongoing construction in the neighborhood
  • Greater Tax Burden
ADVANTAGES OF BUYING A RESALE HOME IN FARMINGTON HILLS, MI

You may prefer to buy a resale home, knowing that the home has stood the test of time. Resale homes are not without their benefits, including:

  • Housing styles have changed with time and you might favor more traditional layouts and features.
  • Older houses and neighborhoods may have more character and charm along with mature trees and landscaping.
  • Resale homes typically come with more opportunities to negotiate on price compared to new construction.
  • Resale homes tend to be less expensive than newly-built homes and are more likely to come complete with items that may cost extra with a new home, such as blinds, landscaping, built-ins, etc.
  • Resale homes typically come with more land than newer homes as a result of changes in land-use patterns.
  • Resale homes tend to be less expensive than new properties and are more likely to come complete with items that may cost extra with a new home, such as blinds, landscaping, built-ins, etc.
  • Resale homes often have more traditional layouts with areas like formal living and dining rooms.
  • Property values can be determined before purchase
  • Lower tax profile
 RESALE HOME DISADVANTAGES

Unfortunately, there are also possible downsides to purchasing a resale home, such an as:

  • Smaller inventory of acceptable properties
  • May require extensive repairs and/or renovations
  • Fewer amenities/older appliances
  • Financing can be more difficult
  • Competition from competing buyers
  • The neighborhood may be in decline
COST CONSIDERATIONS

One of the major concerns that all home buyers have is cost and there can be a big between the price of a newly-built home and that of a resale home. Depending on the terms of your mortgage that can add up to significant savings over the life of your home loan.  In addition to the price of the purchase, there are also the costs of ownership to be considered.

New homes are typically more energy-efficient than older houses, having been built with newer building materials, better insulation, and state-of-the-art tech. Older homes tend to be less energy efficient, and that can lead to higher monthly expenses.

REPAIRS & RENOVATIONS

It’s also important to consider the need for any repairs or renovations to the property you are buying. New homes are unlikely to need any significant repairs for at least the first 5 – 7 years, and in most cases, those repairs are covered under warranty. The opportunity to customize your home during the building process – changing the floor plan, adding in closet space, or upgrading to state-of-the-art appliances – also eliminates the need for any major renovations.

Resale homes, on the other hand, may need some repairs or renovations that will ultimately increase the total cost of the purchase. Most experts agree that you should have the property that you’re interested in purchasing inspected beforehand and that you allow for the cost of future repairs and renovations when considering the total cost of the home.

PROPERTY TAXES

Because older homes are typically less expensive, they fall into a different tax base than newer homes. While this shouldn’t be a deciding point when choosing between a new home or a resale property, it is an important consideration. It can be helpful to look at not only the current rate in an area but to compare how the rate has changed over time.

RESALE VALUE

You may plan to live in your next home many years, but at some point, most people sell a given home for any of a myriad of reasons. You may decide to move to a bigger home to accommodate a growing family, downsize when your children are gone, or move for a job, etc. While the new construction home you decide to sell will no longer be new, a five-year-old home will often be more desirable than a 25-year-old home at resale.

THE TAKEAWAY

The decision to buy a new construction home vs a resale home in Farmington Hills is ultimately best made by each home buyer. Know the advantages and disadvantages of the various homes in the area and then weigh your options. Also, make sure to include the different types of financing you can secure depending on the type of home you can buy as well.

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, dedication, 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

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