Recession optimism

Recession Possible-Home Shoppers, Real Estate Experts Are Optimistic

Thomas Gilliam Blog , Farmington Hills , recession , Uncategorized Leave a Comment

Most experts predict that following a seven-year period of economic growth the US economy is headed towards a recession (most likely sometime in 2020). But while The Great Recession devastated the housing market, house shoppers remain optimistic about how the market will handle a potential recession in the coming years. Expect A Recession But Remain Optimistic According to a recent survey from Realtor.com, nearly 70 percent of home shoppers said they expect a recession to hit the US economy sometime in the next three years (by 2022). But despite the fact that most believe a downturn is looming, many remain …

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 …

Wallpaper-How To Remove It

Wallpaper Painted Over?- Removing It Carefully Counts

Thomas Gilliam Blog , wall covering , wallpapper Leave a Comment

Finally found the house of your dreams? But wait… you rejected the offer just because the walls in the house were full of wallpaper covering and the homeowner had painted over it. Frustrating isn’t it? It’s like the homeowner wanted you to suffer after you bought the house. Sellers usually do this when they are not willing to spend more time and money on staging your Oakland County home. However, you still think to yourself, “Why would someone do this?” They found it a quick fix (saves a lot on staging, so they probably wanted to save time on peeling …

Mortgage Rates Increasing for keys

Mortgage Rates Increasing-Get Off The Fence!

Thomas Gilliam Blog , buyers , mortgage rate , mortgage rate increases , mortgage rates , Oakland County Leave a Comment

Mortgage Rates Increasing Can Effect What You Can Afford When you’re buying a home in Oakland County, Michigan, you might think the price you offer is ultimately the price you’ll pay, but if you’re buying a home with a mortgage, that’s not the case. With a mortgage, in addition to paying your principal (the amount of money the bank loans you to purchase your home), you’ll also pay the interest rate on that principal—which is why the mortgage rates increasing on a mortgage loan is so important to you as a home buyer or potential home buyers. Interest rates on mortgages …

Hosting Your First Open House In Farmington Hills-How to Impress

Hosting your first open house in Farmington Hills is all about impressing potential buyers. Here’s how you can nail it. The words “open house” gets buyers excited like you wouldn’t believe. It’s the perfect opportunity for them to not just see the house up close and personal but also find out what others think about the house. This is the time for them to scope out the competition and see if the house is worth the price or not. As the seller for your first open house in Farmington Hills, you need to make sure everything in the house is shape. …

Agents scary things

9 Scary Things Real Estate Agents Fear Hearing

Thomas Gilliam agent , agents , Blog , halloween , home buyers , home sellers , real estate agents , scary things Leave a Comment

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 …

house hunter decissions

Face Palm Moments – The Friendly House Hunter Tips You Should Avoid

Thomas Gilliam Blog , first time home buyer , house hunter , west bloomfield homes Leave a Comment

Being a house hunter is a tricky business. You need to be very careful before taking any major step. One of the things that you should avoid at all time is taking advice from your family members. You will come across various opportunities during your search and those words of advice will keep you from acting on them. It’s ok to doubt yourself because as a first time homebuyer, you will make some mistakes while being a house hunter. You might pay a few extra dollars on the home inspection or forget to look over some of the contingencies but …

Home for Sale in Northville, Michigan-Home-Buying Fees Myths That Most People Fall For

Home-Buying Fees Myths That Most People Fall For

Thomas Gilliam Blog , buying a home Leave a Comment

Before you even think about buying a home for sale in Northville, Michigan, why not have a look at your financials. Most people believe that the mortgage loan they will apply for will cover all the costs but there are few fees that you will have to pay out of your own pocket. For this reason, you need to have enough savings, so that you can cover the service charges and the real estate agent’s fees. We like to call these extra costs as fee myths, which buyers think are not real. So, what is the first payment that you …

inspection issues

Home Inspection – Preparing Yourself for the Surprises

Thomas Gilliam Blog , home buying , home selling , inspection , Oakland County , west bloomfield Leave a Comment

When you hire a home inspector for your home for sale in West Bloomfield, Michigan, you are often afraid of losing the house because this is the time when the house reveals its secrets. When the home inspection goes on for long, you become disappointed that you have to let go of your dream house. However, why retract the offer when you can come up with a counteroffer? Yes, there might be a few repairs but those can be easily dealt with if the seller agrees to offer you a few warranties or other incentives. Let’s have a look at …