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INFORMATION FOR BUYERS
How much can you afford? Determine how much you can comfortably budget for a mortgage payment. You should keep in mind that there may be additional expenses. For example, property taxes, utilities, homeowners insurance, flood insurance or private mortgage insurance. There will be other household expenses as well. The key is to allow … [Read More...]
INFORMATION FOR SELLERS
Here is a simple guide to help illustrate the steps taken to getting your home sold. • Preparing to Sell – Meet with a Clients First, Realtors agent to go over recent comparable sales in your neighborhood and review the home for staging. • Setting the Price – Establishing a fair market value for the home • Staging the … [Read More...]
DETROIT AREA COMMUNITY INFORMATION
PROFILE: DETROIT, MICHIGAN Major airport: Detroit Metropolitan Wayne County Airport Companies with a Major Presence: Ford Motor Co., General Motors Corp., Chrysler, Borders Books and Music, Kelly Services, Lear Corp., La-Z-Boy, Federal-Mogul, Compuware, … [Read More...]
REAL ESTATE NEWS
A Good Way Couples Can Save for a Down Payment on a Home
Saving money for a down payment on a home has always been a challenge and a lesson in financial discipline but today it’s, perhaps, more difficult than ever. That’s partly because the down payment is more substantial than in the past few years when zero down could get you into your dream home. The Washington … [Read More...]
Real Estate Outlook: Changes to HARP
The National Association of Home Builder's Bob Nielsen weighed in on the recent announcement by the FHA to make some new changes to the Home Affordable Refinance Program (HARP). He said that "making more borrowers eligible for refinancing their mortgages by enhancing the Home Affordable Refinance Program (HARP) will … [Read More...]
Fixed Mortgage Rates Change Little
MCLEAN, Va., -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates changing little for the second consecutive week amid mixed consumer confidence and housing data. Fixed mortgage rates remain near their 60-year lows. 30-year … [Read More...]
Tips For First-time Home Buyers
Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgageloans. For a first time home buyer, there are many factors to consider before you buy. The more … [Read More...]
10 Summer Moving Tips
If you're moving this summer, the busiest season for moving, you know how daunting it can be. But if you create a blueprint for your move, the transition from house to house will go more smoothly. Here are 10 things you can do to prepare for a seamless transition. 1. Full serve, partial serve or a do-it-yourself … [Read More...]
How To Negotiate The Best Deal
Buyers have the advantage in this shifting market Buyers are finally being able to take advantage of cooling trends in previously hot markets. Multiple offers are no longer being thrown at sellers as soon as the For Sale sign hits the front yard. Competition has dwindled in many areas as investors disappear … [Read More...]
