first time home buyer tips: Home Buying process - Livonia real estate tips
- 01/17/13 07:12 PM
I want to go through the first steps of the home buying process and what the Livonia real estate market is like. When you put in an offer it usually takes about 45 days to get a home inspection and the mortgage done in the Livonia real estate market. So if your lease ends on June 15 the ideal time to find a house would be April 15 - May 1. That would give you about 60 days and you would not have any overlap where you would have to pay rent and a mortgage payment.
In the Livonia real estate market … (2 comments)
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first time home buyer tips: First time home buyer tips - Livonia homes for sale
- 01/01/13 09:50 PM
If you are a first time home buyer and are starting to look at Livonia homes for sale here is my first tip for you. When buying a home be sure to plan to live in the house at least 3 to 5 years. In this Livonia real estate market it is a wise home buyer that buys for the long term. You want to buy a home that you can grow into and live in for at least 3 to 5 years. Why, you ask?
Well if you sell in two years will the home's value go up enough to … (0 comments)
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first time home buyer tips: First time home buyer tips - scared to take the first steps
- 06/19/12 03:42 AM
It is easy to be scared to take the first steps when you are a first time home buyer. To a new inexperienced buyer the whole process can be overwhelming. Don't be scared!!! It is not hard to buy a home. That is what we are here for. To help guide you through the process, handle the problems, and get you the home of your dreams. Don't be afraid to ask questions. There are several stages to go through. Planning stage - thinking of what type of home and where you want to live. Write it down. Getting a mortgage … (2 comments)
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first time home buyer tips: First Time Home Buyer Tips
- 10/19/11 05:02 AM
What do you need as a first time home buyer? Here are some first time home buyer tips.
Figure out how much you can afford for a house payment. Sit down and think about how much you can truly afford to pay each month for a house. You want to be able to live and enjoy life. Then get Pre-Qualified: Meet with a mortgage broker and find out what the rates are and how much home you can afford to get with the payment you have decided on. Get a pre-approval letter. In Michigan most agents will not accept an … (3 comments)
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first time home buyer tips: When they say 7 days- Michigan home buyer tips
- 05/02/11 03:26 PM
When they say 7 days to do a home inspection they mean 7 days. When they set time limits in a purchase agreement it is usually a solid time. To change any date in a contract an addendum must be written,signed, and agreed upon by both parties.
If the other party doesn't agree then you have to do the home inspection within the time limits. If you don't do the home inspection within the time limits then you lose your right to inspect the property. If you lose your right to inspect the property then you might be buying a money … (0 comments)
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first time home buyer tips: A wedding Nightmare
- 12/13/10 02:49 PM
I know you all have heard of wedding nightmares, but what about a wedding nightmare after the wedding? My Livonia first time home buyers had one when doing a mortgage shortly after their wedding.
They deposited all their wedding checks into their bank account. They were going to use their wedding money for their down payment.
But checks from wedding guests are next to impossible to prove where they all came from. My Livonia clients just had this happen to them. .
The banks are very strict on following the money from the source, proving that the check cleared, seeing the check, … (3 comments)
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first time home buyer tips: Michigan First time home buyer tips - take it easy
- 12/05/10 12:15 PM
I have a young couple I am working with. I have seen three houses with them on three different nights. After each showing they were head over heals ready to buy that house. The first house they wanted to buy it. Three houses... three "I want to buy".
Some real estate agents would have sold them the first house. But I know they are Michigan first time homebuyers, they have no parents guiding them, and I know there are better houses out there. I want them to make an educated decision.
Sure it would have been an easy sale to just let them … (3 comments)
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first time home buyer tips: Don't wait until the last minute to buy a Michigan home
- 01/25/10 12:42 PM
Normally I don't like to rush people into buying but "I'm saying don't wait until the last minute to buy a Michigan Home.
The reason I am saying this is because of the first time home buyer tax credit deadline. Last fall right before the deadline, many Michigan home buyers were scrambling to find homes. Their were many bidding wars. I had one home we lost that had 15 bids on it and another Southfield home we lost that had 11 bids on it. Another Westland home we lost had a $46,000 list price that went for $67,000. Another home we … (1 comments)
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first time home buyer tips: Short sales and Metro Detroit home buyers
- 01/12/10 12:19 PM
Metro Detroit home buyers always wonder who sets the price of a short sale. Usually the real estate agent sets the price because the home owner doesn't care. The homeowner doesn't care. The homeowner is trying to get a free walk from their mortgage. All the homeowner cares is get it sold.
So usually the real estate agent prices the house at the low end of the market price. The reason the agent does that is because Metro Detroit home buyers and buyer agents would rather buy a foreclosure or a regular sale than a short sale. So in order to … (0 comments)
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first time home buyer tips: I admit first time home buyers sometimes make me Nervous!
- 01/11/10 11:42 AM
Yes you are hearing that from me, I admit first time home buyers sometimes make me nervous. The reason is I don't ever want them to be surprised by something during the process. At the end of the home buying process I want them to like me.
I want them to know I treated them fairly and did the best I could do. Unfortunately during the first time time there are so many things the buyers don't know, or never have come across before. It's all new to them. I usually try to go over the home buying process … (6 comments)
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first time home buyer tips: Metro Detroit First time home buyer tips
- 01/10/10 12:51 PM
Today I was taking some Metro Detroit first time home buyers out looking at homes in Van Buren Township. It was a newer subdivision that had many of the same styles of homes. They were brick homes, 4 bedrooms, 2.5 bathrooms, 2 car garage.
We saw 6 different homes of various square footage and styles in the subdivision. Even I was confused after seeing 6 homes. What I recommend to all my first time home buyers is too keep a note pad. Or to keep the listing papers. When you come out of a house write some notes on the house.
… (1 comments)
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first time home buyer tips: $8000 Homebuyer tax credit - Only 61 days left to cash in on it
- 09/01/09 01:39 AM
in the Michigan real estate market. Yes time is running out on 2009 first time homebuyer tax credit. Only 61 days to have a signed purchase agreement and 30 days to get the mortgage done. So many people are forgetting that on the average it takes a month to get a mortgage completed.
If there is no extension to the first time homebuyer tax creditthe deadline to purchase a home is December 1, 2009. That means you have to close on the home by December 1, 2009. Not be in process with the mortgage. Not sign the purchase agreement. The HUD 1 … (3 comments)
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first time home buyer tips: How to get a deal in this market
- 04/24/09 02:55 PM
The key to get a good home deal in the Metro Detroit is to either know the market or have a good real estate agent that does.
So many home buyers depend on friends, family, or other people on what is a good deal or how they should bid. After all the TV newscaster says...... As a metro Detroit real estate agent we can tell you what is going on in the market.
There are home bargains out there but you can't:
decide if the home price is good because of the listing price Many metro Detroit home buyers want something … (6 comments)
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first time home buyer tips: The biggest real estate myth
- 03/29/09 01:00 AM
One of the biggest real estate myths is "there is a perfect house out there for you".
Let's set the record straight there is no perfect house. Sure the house may be in the right location, have the beautiful kitchen you want but the rest of the house may need work. Or the house may be in the school system you want, have the right layout, but not have the right "wow" factor for you.
Every house will have at least one issue that isn't right for you. Whether you are a first time home buyer or seasoned home buyer you … (8 comments)
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first time home buyer tips: But they are still driving their Mercedes
- 02/16/09 01:53 AM
I just love it.... but don't you wonder about the people down the street that lost their home to foreclosure but are still driving their expensive cars. I see it quite a bit. I knew a Northvillecouple that had a land Rover, Mercedes, and a Escalade for 2 people. But they lost their Northville home to foreclosure.
They are still driving all those expensive cars around. One car always seems to sit in the driveway. Now they rented a house. It is still a big house in a nice neighborhood. The flash is still there.
I'm not going to judge … (10 comments)
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first time home buyer tips: Are you being screwed by family?
- 02/10/09 11:25 AM
I am writing this because I know some people that are selling their home to their son. I feel badly for the son. They are selling their Redford Twp home to the son for about $85,000. The son has no real estate representation. He trusts his parents. The parents want to move to a nicer area, they want to move out of Redford. They don't like Redford Township very much any more.
The sad part is that the Redford Twp homeis probably only worth about $38,000. They got an appraisal for $85,000 and it may pass through the banks system but sadly … (10 comments)
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first time home buyer tips: Should you own a home?
- 01/16/09 02:01 PM
Pros of owning a home
A Place to Call Your Own Tired of living with your parents? Tired of putting up with apartment complex rules and other rude tenants? Are you ready to settle down in a community? Do want to have the feeling of long term permanence that comes with owning your own home. Maybe you need more space for your family. Or maybe you want more freedom than you currently have at home or as a renter. You want your own garage your own yard to hold barbeques.. Once an owner, always an owner: After your first home most people buy up … (3 comments)
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first time home buyer tips: What home should you buy?
- 01/04/09 11:17 AM
Are you a first time homebuyer? Have you ever done any repairs on a home? Are you handy? How much extra money will you have after the closing?
Those questions should determine what time of home you should buy. If you have no skills and little money you should not be looking at those bargain basement Metro Detroit foreclosures that need a ton of work. If those Metro Detroit foreclosures need all new carpeting, major drywall work, a kitchen redone, new windows, or a new roof you should be crossing those homes off your list.
You should be concentrating on homes that are more move … (2 comments)
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first time home buyer tips: 7 steps to buying a Metro Detroit Home
- 09/05/08 02:51 PM
So you want to buy a Michigan Home
If you are thinking of buying a Metro Detroit home these are the steps you need to take. 1.) Get pre-approved from a mortgage lender. Just because you have never applied before, or have had bad credit before, or have no money- does not mean you can not buy a house. Learn about mortgages. Gather up your last two years w-2 or tax returns and go and see a mortgage broker. Email me if you have questions on what to bring to your first appointment.
Now the mortgage person has pre-approved you and told you … (0 comments)
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first time home buyer tips: Michigan Home buyer tip #1
- 08/27/08 01:27 PM
So you have a dream of buying your own Michigan home and you want to start as soon as possible. One of the first things you should do is to figure out what you can afford for a house payment.
Many home buyers across the nation failed this 1st tip over the last few years. Many Michigan home buyers are in foreclosure because they over bought. They are losing their homes they just bought a few years ago. They have a house payment they can't afford. Some of them were talked into a bigger house by a real estate agent, family … (1 comments)
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I want to go through the first steps of the home buying process and what the Livonia real estate market is like. When you put in an offer it usually takes about 45 days to get a home inspection and the mortgage done in the Livonia real estate market. So if your lease ends on June 15 the ideal time to find a house would be April 15 - May 1. That would give you about 60 days and you would not have any overlap where you would have to pay rent and a mortgage payment. 
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