Knowing whats happening in the Farmington Hills Housing Market can be the difference in your bottom line when buying or selling a home. These daily and weekly reports are full of the Farmington Hills Housing market statistics that matter and can make a difference whether your buying selling, or just interested in your your local Farmington Hills Housing market is shaping up. As your home is the most important investment you can make in a lifetime it is important to know if it time to sell or buy a new home in Farmington Hills.
Also in this Farmington Hills Housing Market reports you can search any zip code or city to view the market activity in another area of your chooseing.
I work hard to keep my clients informed about the Farmington Hills housing market while they’re buying or selling their home. These weekly reports use real-time data so my clients can make decisions based on what’s happening in the market right now and how the market is changing week by week.
A few questions these reports can help you answer:
Is now a good time to buy or sell? Check the “Market Action Index” to see if the market is heating up or cooling down.
How’s the market in my price range? Click into the “Market Segments” charts to see the how the market is behaving in different price ranges.
What can I get in my price range, and where should I look? Use the “Median List Price” charts to see what you can buy in your price range, and search by zip code to compare different neighborhoods.
Feel free to share this report with your friends and family, and please let me know if you have any questions about the market or if I can help you in any way
Most homebuyers in Oakland County Michigan and across the country are not usually open to make a quick home buying decision and view it as a recipe for disaster or a bad decision. In fact Oakland County homebuyers love to look at the many options, different layouts and areas in which to purchase a new home. To make a quick home buying decision many buyers feel pushed into a corner or feel their Realtor is pressuring them to make rash decisions, but in Oakland County Michigan this is not the case at all. Home buyers know that homes are moving faster than ever off the market, to make quick home buying decision is the smart thing to do in Oakland County Michigan.
Quick Home Buying Decision Facts
The fact is, according to a recent analysis the average home took 81 days to sell last year, and is predicted to be even shorter in 2018. Looking at the number of 81 days may not seem quick, but this includes closing which can usually take four to six additional weeks. As we see in our Oakland County Michigan market there are more buyers than available homes on the market causing home buyers to make a quick home buying decision. A recent report from Zillow finds that the average home buyers spends four months searching for a home and makes two offers before being a successful home buyer. What can a home buyer do? First of all expect a process and be prepared to be going against other offers and sometimes multiple offers. Get pre-qualified, know what you want and avoid deal-breakers and know what they are.
The more prepared you are the more likely you will make the best decision, even if it’s a quick home buying decision that you face. The face of the real estate market is always in fluctuation and swings back and forth, but with the still historic mortgage rates and prices’ of home gaining ground at record speed, it is still the best time to become a homeowner. Patience, knowledge, preparedness and a great realtor to guide you through the process can make your home buying experience a pleasant and enlightening one. READ MORE
Please feel free to give me a call as it would be a pleasure to help you through the process of becoming a home owner. Tom Gilliam 248-790-5594
Mortgage rate increases have been seen an increase around the Oakland County, Michigan area and there is talk that they may even increase more before the end of the year. Many homebuyers have noticed the increase in home prices but mortgage rate increases are a little bit harder for homebuyers to calculate in the terms of what it will cost them in the long run.
Understand Mortgage Rate Increases
In order for homebuyers to understand how mortgage rate increases will affect them here is a little help. In this model a less than one percent mortgage rate increase would result in a $100 increase in a homebuyer’s mortgage payment. Since the costs of homeownership are influenced by many factors such as what rate at which home prices will increase in Oakland County and what current mortgage rate increases are on the way or forthcoming. Making a specific calculation would be difficult as home prices continue to rise along with mortgage rate increases.
The question becomes, what should home buyers do and what should they expect in the future? Since the economy has become stronger and an improved job market will make it more likely that the Feds will continue to increase mortgage rates throughout this year. On the bright side, mortgage rates continue to be at a historical low still today by any standard, the mortgage rate increases will continue to edge upward taking mortgage payments along with them.
If you are a potential homebuyer in today’s market all of this can be concerning, but there really is no need to panic in regards to mortgage rate increases, and this should not sway you in an emotional hasty home purchase, but rather make you aware of what is expected in the future. My advice would be to start your home search armed with the facts and find the perfect home that you love and are happy with, don’t settle for less than what will make you happy. In the long run owning a home is not only a great investment but is also the place where you will make many memories, raise a family and be a part of the American dream.
READ MORE HERE
In today’s increasing technology through smart phones, tablets and other devices that make life easier for Farmington Hills residents, everything from shopping, local secretary of state appointments and driving directions can be done with assistance through a smartphone app. It is really no surprise that even Farmington Hills home shoppers & home sellers can go on their smartphones to determine where, when and what home to look for that meets their needs when buying or selling a home.
We all know that the first thing that Farmington Hills home shoppers & home sellers will see is a photograph of either a their home or one that catches their eye as they scroll through their smartphone or device, this is why it is vital that the first impression for Farmington Hills home shoppers and home sellers be the best photography as possible, and yes, be optimal for smartphone use.
In a recent National Association of Realtors study showed that 89 percent of buyers who searched the internet for homes stated that the photographs of the homes were the most important feature to them. This makes sense as the new Farmington Hills home shoppers & home sellers are constantly discovering new apps that make their lives easier especially during a new home search. Read More Here
Give Farmington Hills Home Shoppers & Home Sellers Your Best Shot
Although technology is always changing and challenging to realtors, it is vital that we stay in step with the technology in order to give our Farmington Hills home shoppers & home sellers the ability to see the best that a property can look like photography wise and truly represent our clients with the best listings as possible, but yet we still see some pretty bad photos of homes that would make any potential homebuyer or home sellers scroll right past it not to ever be looked at it again.
For the best results for your Farmington Hills home marketing, I take pride in the photography that I provide to my clients so that they have the best chance of getting a buyer to fall in love with their home. Give me a call 248-790-5594