For Sale By Owner

A For Sale By Owner-6 Reasons To Use Caution

Thomas Gilliam for sale by owner , FSBO , home buyers , home buying , homes for sale Leave a Comment

When you’re looking to buy a home, you may wonder, “Does it matter if the property is listed with a real estate agent or a for sale by owner who are trying to sell it themselves?” Um, yes. It matters. A lot. The truth is: When it comes to signing contracts, handing over escrow money, and digging into the home’s history, going it alone can end up costing homebuyers a bundle. The following are 6 reasons to avoid a For Sale By Owner (FSBO) home. 1. Are you sure it’s legit what they are selling? via GIPHY Unfortunately, scams abound …

crowdfunding circle

Crowdfunding For Home Purchases – A Futuristic Reality

Thomas Gilliam Blog , downpayment , firsthome , Oakland County , Uncategorized Leave a Comment

When looking to purchase a home in Oakland County, Michigan for the first time can be a difficult proposition and for for many potential buyers, one of the biggest obstacles on the road to homeownership is saving for a down payment. But thanks to a new technology trend, some savvy buyers are turning to their friends, family, and social networks for help in their home purchase these days, and it seems to be a trend that is spreading across the country. It is clear that technology and social networking can be a great way to stay tuned socially and in …

home biying Experience keys

Great Home Buying Experience-How to Have One

Thomas Gilliam Blog , buying a home in oakland county michigan , home search , Oakland County Leave a Comment

One of the biggest hurdles in the home buying experience is the approval of mortgage. However, many buyers set their heart on a house that does not fall under their budget. Today, while the inventory is quite stable, multiple offers are on the rise. You have to compete with other buyers to come out at the top. From loan programs to repairs, home inspection and other costs, you need to plan for everything in advance so that no surprises face you in the future. It’s important for you to take notice of everything the seller says in the first meeting …

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 …

Home for sale in Farmington Hills The Battle between “Must” and “Lust” – How Not to Overspend When House Buying

“Must” and “Lust” – Don’t Overspend When Buying a Home for Sale in Farmington Hills

Thomas Gilliam Blog , Farmington Hills Leave a Comment

We are sure that you are familiar with the battle of needs vs. wants… what we like to call must vs. lust. It’s a battle where you spend a lot of time fantasizing about the changes you can make in the home for sale in Farmington Hills, Michigan you just bought and then act on them without giving your needs a second thought. It’s time you stopped making frivolous purchases for your house. However, in order to satisfy your inner shopper and give you a way to let all that new-house excitement out, we have come up with a few tips …

homeownership month june

June Is National Homeownership Month. Here’s An Interesting Take On It

Thomas Gilliam Blog , homeownership minth , june , Oakland County Leave a Comment

Are you aware that June is National Homeownership month in Oakland County and around the Country? Probably not. Because you’re too busy working to afford the home you live in, whether you rent it or own it. Why should you care? If you poke around and read anything you can find about it, you’re being urged to recognize and celebrate the benefits of homeownership. That seems kind of a weird thing to ask you to do. Do you really have the time or care? What’re you supposed to do, throw a party? Sit alone and contemplate it? Invite some friends …

The Top Sacrifices Millennial Buyers Say They'll Make steak potatoes

The Top Sacrifices Millennial Buyers Say They’ll Make

Thomas Gilliam Blog , down payment , home buying , millennials Leave a Comment

Buying a house is a major financial transaction and, for most Americans, the largest one they’ll ever undertake especially the millennial population. So pulling the necessary resources together to be able to afford the upfront costs, in addition to the ongoing obligations, maintenance, and upkeep can be difficult. Especially for first-time home buyers who don’t have the benefit of being able to sell a home to help fund their down payment. For this reason, many millennial buyers who aspire to homeownership have decided it’s worth making a few sacrifices in order to help save money to buy a house. In …

Mortgage rates climb lets find you a new home

Mortgage Rates Took a Big Jump Home Buyers

Thomas Gilliam Blog , buying a house , freddie mac , home buyers , mortgage rates , mortgage rates jump , rates Leave a Comment

Are you thinking about buying a home in 2018? Are you on the fence about entering the real estate market? If so, you might want to consider buying sooner rather than later. Mortgage rates just rose again, and economists from Freddie Mac and other groups are predicting that they could rise gradually throughout 2018. Mortgage Rates Hit Highest Level Since December 2016 During the week of February 8, 2018, the average rate for a 30-year fixed home loan rose to 4.32%. Rates haven’t been that high since December 2016. This is based on the weekly mortgage industry survey conducted by …

Listing agent for sale sign

Should You Go Directly To The Listing Agent When Buying A House?

Thomas Gilliam Blog , buying a home , first time home buyers , home buyers , listing agent , listing agent vs buyers agent , seller allegiance Leave a Comment

When you’re looking to buy a house, you might think it makes sense to go directly to the listing agent who’s listed the property for sale. Some of the more common reasons people give for doing so are: Why not? Doesn’t it just make sense… The agent listed the property and is the one selling it. They know all about the house. They know all about the owner, so maybe you can get some inside scoop and a better deal than if you had your own buyer’s agent in the mix. Isn’t it like buying a car? You have to go …

Farmington Hills Michigan Housing Shortage

Farmington Hills Michigan Housing Shortage

Thomas Gilliam Blog , Farmington Hills , home buyers , home sellers , housing shortage Leave a Comment

Farmington Hills as with a lot of markets throughout the country, there is a Farmington Hills Michigan Housing shortage of real estate inventory. There are basically more potential buyers than there are suitable properties listed for sale. Buyers and sellers have unique experiences under these circumstances. Here is how the Farmington Hills Michigan housing shortage impacts buyers and sellers. More Home Buyer Competition Insufficient inventory generates a competitive market for potential home buyers. Properties new to the market will normally generate lots of interest. Properties will often receive more than one offer and sell fast. Under these conditions, anticipate properties …