Farmington Hills First Time Buyer Guidance

Farmington Hills First Time Buyer Guidance

Buying real estate may be somewhat scary. The Farmington Hills first time buyer guidance in this blog will clarify certain things. Homes are a big financial investment and buyers should become well educated.

The First Steps                                                                                                                                                                     Farmington Hills First Time Buyer Guidance

Find a Reputable Lender

Contact a local mortgage provider and obtain a pre-approval. Keep in mind that banks may offer varying alternatives than mortgage brokers. Review the services and applicable charges to identify the best option. Get an estimate of up-front costs and recurring expenses. This also helps identify your budget.

Hire a Real Estate Expert

Find a real estate professional to assist you through the home purchase process. Choose someone that best fits your needs. Knowledgeable Realtors will help explain the options, negotiate contracts, and facilitate a less stressful purchase. This can make a huge difference for first time buyers.

Buying Process Information

Real Estate Viewings

Only see real estate that fit your price range. This avoids the disappointment of wanting real estate that is not feasible for you to buy. Home showings are time consuming, so staying within your limits will also minimize wasting of time.

Legal Paperwork

Real estate professionals can provide tips on contracts and negotiating them, but they can not provide legal advice. If you would like a legal opinion, ask about hiring a real estate attorney to explain legal jargon and make any necessary edits to them. Do not sign any paperwork that you do not entirely understand.


Do not use inspections to lower price or alter contract terms as they sometimes do not find any issues at all. Also avoid negotiating known problems. Such strategies often fail and lead you to lose the inspection costs. In cases where defects are found, homeowners can offer to repair defects, offer concessions towards closing expenses, or do nothing at all. Try to be fair with your negotiations and the other party will be more willing to accommodate them.

Walk-Thru Prior to Closing

Shortly before the closing, you normally have a chance to walk thru the property one final time. Try and make this after the sellers have moved out. If any issues are present at the walk-thru, you can address them before signing closing paperwork.

Real Estate Closings

All buyers signing any documents must bring legal identification. Any fees owed must be in the form of a certified check or money order. Have your checkbook ready in case there are any unpredictable corrections. Upon closing, the property is officially yours!

More Farmington Hills First Time Buyer Guidance

The property purchase process can be less intimidating if you maintain an introductory knowledge of what may take place. For more comprehensive Farmington Hills first time buyer guidance, contact Tom Gilliam at RE/MAX Classic by calling 248-790-5594 or by emailing [email protected]

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The Best Day To Go See Houses

The Best Day To Go See Houses

It’s Sunday morning….You’re scheduled to go out and see houses later on with your real estate agent. But it’s nasty outside. It’s beyond pouring. You can’t even imagine walking from the car into a house. You’d rather just cancel the appointment and hang inside, maybe watch some TV.         best day to see houses calendar

You can always go see the house next weekend.

But should you wait for next weekend?

Should you even wait to go see houses only during the weekend?

There’s five weekdays you can go see houses. Is there a better day than a Sunday?

What if someone else scoops up the house before you end up getting out to see it? Right?!

Sure. Totally a possibility. And, totally a reason to motivate and go see that house today in the rain.

But that’s not the point of this article. The point is that the best day to see a house is not necessarily Sunday. It’s also not necessarily not Sunday.

The best day to go see houses is when it’s raining. Even better if it’s raining heavily. And it’s best if it’s been raining for a few days straight.

Picture this…

It’s the future. You skipped going to see the house in the rain, but you ended up buying it eventually. Of course you had a home inspection done on the house during the process. But that was a sunny day, and it hadn’t rained in some time.

Then, after you’ve lived in the house for a while, you start to notice a drip in the ceiling. Or some dampness in the basement. Or worse, actual water on the basement floor.

You’d probably be pretty upset. You’d feel like the owner should’ve disclosed it. You feel like there’s no way they didn’t know that this was a problem. And you’d probably be right. But good luck proving it.

Then you think one of the real estate agents should have either noticed the issue, or knew about it and hid it. But, there’s a good chance that the agents truly didn’t have knowledge of it. And frankly, unless the real estate agents are told about an issue, they aren’t qualified to assess issues that a qualified home inspector should pick up on.

Ahhhh…the home inspector. The home inspector should pick up on it! That’s who to blame and go after.

Most likely they would pick up on water related issues. There is usually some sort of evidence they can see.

But sometimes these types of problems aren’t all that obvious. Especially if the inspector is looking through the house after it has been dry weather for some time.

It’s easy to try and place fault, blame, and consequences on others when something goes wrong.

The true enemy, though, is water.

So much damage can be done to a house due to water…

  • From the roof.
  • To the gutters.
  • To the windows.
  • The basement.
  • And even the landscaping and driveway can be affected by water related issues.

It’s best to take advantage of the moments in the buying process where you can face your potential enemy head on…on a rainy day.

You can save yourself a lot of time, money, and aggravation by seeing a house in the rain. If there are problems, they should show up on a day like that. That doesn’t mean there won’t be in the future of course.

That also doesn’t mean you shouldn’t buy the house of your dreams if there are some water related problems. But at least go forward knowing what you’re dealing with, and ideally getting the owner to own up to and fix any issues before you close on the house. Because once you close on the house, those problems are your problems.

So, if you wake up and see rain on a day that you’re scheduled to go see a house, don’t cancel. Go.

Obviously you can’t guarantee it will rain every time you go see houses, or on the day you do a home inspection. It would be impossible to find and purchase a house if you only looked and inspected homes on rainy days. So don’t get too hung up on it.

But if the opportunity arises, certainly don’t overlook the benefits of getting out to see houses in the rain.

A rainy day can be the best day to go see a house.

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6 Categories of Farmington Hills House Hunters

6 Categories of Farmington Hills House Hunters

6 Categories of Farmington Hills House HuntersTrying to categorize Farmington Hills house hunters motivations and levels of seriousness is something that’s hard to resist. Many a successful seller will tell you how they originally mistook the ultimate buyer for an unreliable looky-loo (or vice-versa). Still, judging from the articles written on the subject, apparently it’s worth recognizing the different sorts of house hunters and the categories that describe them. Category names vary, but here are six cited most frequently:

  1. Serious surveyor. The most common variety of house hunter, the serious surveyor has usually viewed the Farmington Hills listings online, prepared a budget, and possibly even pre-qualified with a lender. The serious surveyor is patient—if a home fitting their must-have list isn’t available within the budget, they’ll keep hunting until the pieces fall into place.
  2. Burn-up-the-tracker (aka Relo Express). These house hunters are usually motivated by factors that force a quick decision. They can be in danger of succumbing to the stress of the circumstances, which could result in a less-than-optimal buying decision. If I am their agent, it’s my job to alleviate as much of the stress as possible by making sure that they are exposed expeditiously to the Farmington Hills listings that meet their requirements.
  3. Laid-backer. Farmington Hills house hunters are in no hurry to go beyond the canvassing-Farmington Hills stage. This can be due to their current housing situation (as when a future purchase can only be finalized after their own home has been sold), or because the laid-backer isn’t totally convinced that they really want to move. This buyer is not to be confused with a true looky-loo, who is not really a buyer at all. On the contrary, many a laid-backer becomes an enthusiastic buyer once they feel educated about the Farmington Hills offerings and discover an appealing property.
  4. Hard Sell. House hunting can be a delightful opportunity to tour Farmington Hills homes that are at their best: spit-and-polished for inspection by qualified prospective buyers. For the hard sell buyer, however, it’s likely to be less fun. This house hunter has probably had some bad earlier house hunting experience or other because distrust of almost every detail rules the day. In truth, it’s a fine idea to subscribe to the “trust but verify” school of house hunting—that’s why a home inspection should always be on the agenda. But it’s too bad if there’s no measure of enjoyment to be had in the process.
  5. Market Buster. Fully aware that in any buyer-seller relationship the buyer-side ultimately makes the important decisions, this house hunter is focused on making a deal that defies market realities. That may be possible—but sometimes the result is more predictable: most properties that can be had at below-market levels are priced that way for a reason.
  6. Frozen. This is a rarely seen Farmington Hills house hunters: frozen in indecision either because of the momentous nature of the decision, a bewildering array of appealing offerings, or a shifting set of their own priorities. Frozen house hunters can become unfrozen if they miss out on a home they realize in retrospect was the one!

You needn’t try to fit into any category to succeed in your own Farmington Hills house hunting venture. One step I can guarantee will advance the process: call me!

Tom Gilliam- 248-790-5594