Winterizing Home Readiness - 6 Important Winterizing Tips Oakland County

Winterizing Home Readiness – 6 Important Winterizing Tips

Thomas Gilliam Blog , oakland county michigan home , Uncategorized , winter audit , winter listings Leave a Comment

When it comes to your Oakland County Michigan home and its survival through our tough and blistering winter, you need to winterize your home. Hopefully you have already taken the steps to winterize your home and are one step ahead of this blog post and if not, this is sure to help you. Store patio furniture Winter isn’t the time for barbecues and dining alfresco, so it’s important that you protect your grill and patio furniture in the winter months along with winterizing your home — that way, they’ll be ready to roll when the weather starts to warm. Take …

Buyers Market Possible

Is There a Buyers Market Creeping Up? – Realtor Tom Giliam

Thomas Gilliam Blog , buyers market , inventory , market , sellers market Leave a Comment

We all know that this sellers market would not last too much longer and it seems to be coming to an end sooner than later. The turn towards a more favorable buyers market seems to be taking place with 14% of all listings taking a price reduction in June of this year which is up from just 11% in 2016. Everywhere you turned you heard nothing but, It’s a sellers market and a great time to sell! which was true and still is in some areas of Oakland County Michigan like Farmington Hills, West Bloomfield and others, but are the …

5 Deadly Pitfalls

5 Deadly Pitfalls that Every Buyer Needs to Avoid

Thomas Gilliam Blog , buying a home , home buyers , Oakland County , oakland county homes , Uncategorized Leave a Comment

Research, research and research… this is the only thing you need to focus on when you are thinking about buying a home for sale in Oakland County, Michigan. There are many pitfalls that buyers are not aware of. Not only do these pitfalls waste your time and energy you put into the process but also put you under mounds of debt. Of course, with a real estate agent by your side, you can go through this process a little stress-free but at the end, you need to understand the responsibilities of becoming a homeowner. Don’t get caught up in the moment …

Home Prices Dollar Signs

Home Prices Still A Concern For Home Buyers And Sellers

Thomas Gilliam Blog , home prices , Oakland County Leave a Comment

Home prices in Oakland County are the top concern for both home buyers and sellers. After all, a lot of the calculus that goes into determining whether or not it’s a good time to sell or buy a house is based on where home values are and where they are expected to be in the future. For that reason, it’s good to follow the S&P Case-Shiller Home Price Indices, as they are considered the leading measure of U.S. home prices. According to the latest data, prices have continued to rise at around the same pace they’ve been increasing, with both …

Homes Value Sell

Existing Homes Value Are Up – It’s A Great Time To Sell

Thomas Gilliam Blog , equity gains , home prices , home sellers , Oakland County Leave a Comment

The Great Recession was one of the most challenging times in US history and in the Oakland County area. The US lost nearly 9 million jobs, unemployment nationwide hit an astounding 10%, and housing prices fell a whopping 33%, causing American households to lose of $16 trillion dollars in net worth also losing their homes value. After the housing crisis of 2008, many homeowners found themselves “upside down” on their properties, with their mortgage balances significantly higher than their homes value. According to Zillow, negative equity in the US peaked 31.4% in Q1 of 2012, meaning nearly one-third of all mortgage …

Oakland County Homeowners grip

Oakland County Homeowners Have a Better Grip on Home Values

Thomas Gilliam appraisal , Blog , Oakland County , oakland county homeowners Leave a Comment

Let’s face it, there are times when it is hard to get homeowners to understand what their home value really is, but today’s Oakland County homeowners are having a better understanding of their home values. The unexpected appraisal for Oakland County homeowners can be the difference between a satisfied home seller and an entire transaction going south, but these days Oakland County homeowners seems to have a better feel for what their property values are. Let’s break it down. Oakland County Homeowner Expectations The mortgage process is really all about verification and documentation, whether it is home buyers income, employment, …

Affordable Homes Map

Oakland County Affordable Homes Less Likely?

Thomas Gilliam affordable homes , Blog , Oakland County , starter homes Leave a Comment

Anywhere you go in Oakland County, Michigan there are parts of the County where homes seem to be more affordable than other in the area.  These more affordable homes are what we call “Starter Homes”. The more affordable homes attract young families due to being more affordable homes then those with higher square footage and a much higher price tag. These more affordable homes make for great neighborhoods that have a abundance of younger families just starting out with their first home purchase. Affordable Homes Tough Search Although the affordable homes are what seem to be plentiful in this market …

New Homes On The Way In Oakland County underway

New Homes On The Way In Oakland County

Thomas Gilliam Blog , new construction , new homes , Oakland County Leave a Comment

It is clear in Oakland County, Michigan inventory is scarce and the need for new homes could be the cure. We have seen the inventory of homes for sale in Oakland County, Michigan drop 28.7 percent from 5,575 on the market to 3,976 in the last few months. The numbers show that inventories are fading, but prices are increasing with many areas are now above their pre “Great Recession” (2007) prices, but the issue still is inventory for many home buyers and with home sellers wondering if they will find something to purchase. New Homes Underway On the brighter side, …

Neighborhood Feature Buyers Want In Oakland County Tree lined Street

Neighborhood Feature Buyers Want In Oakland County

Thomas Gilliam Blog , community , home buyers , neighborhood , neighborhood most wanted , oakland county Leave a Comment

The neighborhood in which home buyers prefer in Oakland County is diverse and has much to do with the age of the buyer. The most important aspect of the Oakland County home buyers is the feeling of community and a feeling of belonging that appeals to all ages, especially millennial home buyers. In Oakland County we have many such neighborhoods where the community is tight-nit and the sense of belonging to part of the neighborhood is important and respected. For the millenial home buyers it is vital that they have nearby shopping, gyms and outdoor activities where they feel they …

Homeowner Equity Continues To Increase In Oakland County dollar sign

Home Equity Continues To Increase In Oakland County

Thomas Gilliam Blog , equity , home prices , oakland county Leave a Comment

When you buy a house in Oakland County, you’re not just purchasing a place to live,you’re also making an investment in the real estate market. Which means, as your home’s value grows, so does your equity. Equity, of course, refers to the amount a property is worth minus the amount still owed on the mortgage. Put simply, if your equity is growing, that’s good news for Oakland County homeowners. Which is why new numbers from the Board of Governors of the Federal Reserve System are encouraging. That’s because they show homeowner equity on the rise. In fact, the total value …