housing inventory gaining ground

Housing Inventory Growth Upward In Oakland County 2019

Thomas Gilliam Blog , Oakland County , realtor tom gilliam Leave a Comment

The housing inventory in and around Oakland County, Michigan has been a struggle for most buyers the last few years causing higher prices and less inventory for eligible home buyers. Although the housing inventory in Oakland County, Michigan increased in January 2019, the inventory remained averagely lower dropping by 381 homes from 3,629 in December to 3,248 in January. Housing Inventory Getting Better For Buyers While the current inventory remains dependent on affordability in 2019 as far as housing inventory and the housing market, there are signs that some areas are showing signs of an improving housing inventory situation, with year after year increases …

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 …

open house strategies

Open House Strategies That Stand Out

Thomas Gilliam Blog , home buying , home selling , open house , open house strategies , realtor open house , Uncategorized Leave a Comment

Getting eyeballs on your open house can be a challange especially when there are multiple open houses taking place in the same neighborhood simultaneously, you’re going to want to find a way to make your property the most memorable one in town. Aside from keeping the home immaculately clean and staged to perfection, there are other, decidedly more interesting strategies that some Realtors® use to leave a lasting impression in the minds of would-be buyers. Take a look at these innovative ideas that’ll take your showing from “so-so” to “sold.” 1. Strike up the open house band. via GIPHY Music …

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 …

Realtor Tom Gilliam Listing Agent-Questions and Answers

Novi Michigan Home Sale Preparation To-do List

Thomas Gilliam Blog , home sale , Novi Michigan , showings Leave a Comment

It is a good idea to make your property presentable during buyers visit. When potential buyers tour a residence, they must be able to visualize occupying the space. Novi Michigan home sale preparation to-do list entails some fundamental tasks and will result in your home selling quicker and for more money. In this article you will find guidelines for Novi Michigan listings. Preparing A Home For Showings – Guidelines For Novi Michigan Listings Neutralizing the Home While your home is for sale, make the decor less about your personal belongings. This involves removing content that can distract buyers or instill …

real estate inspection

Rx for Farmington Hills Real Estate Inspection Jitters

Thomas Gilliam Blog , home buying , home selling , inspection jitters , real estate inspections Leave a Comment

Real Estate Inspection Jitters? Rx: Don’t Freak Out! As worrisome physical symptoms go, real estate inspection jitters should not be worrisome in the least. Neither Farmington Hills home buyers or their counterparts (Farmington Hills home sellers) need be troubled if they find themselves awaiting the house inspector with mounting anxiety: these are perfectly normal symptoms. My advice echoes HGTV’s prescription for a “Drama-Free Real Estate Rx”—in their words, “Don’t Freak Out.” The utter normalcy for pre-inspection jitters is indisputable—as is their cause. If you are the seller, you can be perfectly satisfied that you have done everything possible to ensure …

housing shortage tug a war

Novi Real Estate Negotiations: Game Theory

Thomas Gilliam Blog , negotiate home purchase , negotiation game , negotiations , selling and negotiating Leave a Comment

Game theory only sounds like it has something to do with how to win in some weekend sports outing or family board game. It’s a seriously studied logical field that mathematicians delve into. Interestingly, when you study how to develop successful negotiation tactics—Novi real estate negotiations included—you can look at them via game theory.  There is a problem, though. The further you get into the subject, the more it tends to become more and more abstract. Unless you are someone who looks forward to curling up by a roaring fire with a favorite math textbook, you won’t get very far …

Getting Your Home Ready to Sell

Thomas Gilliam Home Buying and Selling , Uncategorized Leave a Comment

Getting Your Home Ready to Sell Getting your home ready to sell is not an easy task, but just take it one step at a time, set your goals and get help from your Realtor, when you sell your home its important to pay attention to details, you would never dream of inviting guests to your house without making certain preparations, so don’t invite potential buyers without first making the necessary updates by preparing your home to sell.  If you are like most sellers, you want to get as much as possible for your home and you want to do …