farmington hills homes: Buyers Can Finally Buy a House for Less than List Price (But Savvy Buyers Know When to Still Offer over Asking…) - 09/22/22 11:22 AM
If you’re hoping to buy a home, you’ll be happy to hear that the average sale-to-list price has recently dropped below 100% for the first time since March 2021, according to this Money article. In other words, houses aren’t all selling for over asking price anymore, and you can negotiate a lower price than the owner is asking.
That’s welcome news, and a silver lining to buyers who waited (or weren’t able) to buy a house in the recent market frenzy. While mortgage rates are higher, at least now you’re more able to successfully compete for a house, and even negotiate the price.
But … (1 comments)

farmington hills homes: 7 Unusual (But Not Unreasonable) Reasons to Sell Your House - 08/10/22 09:23 AM

There are a lot of reasons why you might want to sell your house. Maybe you want a bigger one. Or perhaps you’d rather downsize to something smaller. Moving closer to work is always a solid reason. At least those are some pretty common and basic reasons real estate agents typically hear.
Let’s spice things up a bit and get real!
Here are 7 unusual reasons to sell your house that are actually pretty reasonable when you think about it!
1) You’re not having enough sexIt’s one thing to have to hide your hook-ups when you’re under your parents’ roof, but not being able … (7 comments)

farmington hills homes: Is The Timing Right To Buy Or Sell In Farmington Hills - 03/10/20 01:25 PM
This week the median list price for Farmington Hills, MI is $334,900 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has held steady at or around 93.
Market Action Index This answers “How’s the Market?” by comparing rate of sales versus inventory.
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Market Segments Each segment below … (0 comments)

farmington hills homes: READY TO SELL YOUR FARMINGTON HILLS HOME? WHY YOU NEED A REALTOR® - 02/22/20 08:56 AM
Ready To Sell Your Farmington Hills Home? Why You need a REALTOR®.
Most folks will agree that selling your home is one of the biggest financial decisions you’ll make in your lifetime and can be a complex process. Considering the relatively small cost of hiring a qualified Farmington Hills REALTOR® to assist you and the large potential risk of not hiring one, it only makes good sense to hire a professional to get your home sold fast and for the highest market price possible.
A highly-qualified agent like Realtor Tom Gilliam, who is a member of the National Association of REALTORS® That can help you … (0 comments)

farmington hills homes: HOMES FOR SALE IN FARMINGTON HILLS-HIRE A REAL ESTATE AGENT - 01/11/19 05:34 PM
You are probably wondering that if a person can buy a house on their own, then why can’t they sell one on their own as a For Sale By Owner (FBSO) . Homes for sale in Farmington Hills, Michigan deserve a great Real Estate agent to market, stage, arrange appointments and screen buyers to assure they are pre-qualified and able to purchase your home and get you the best price possible. 
Houses that have the sign stating “FSBO” (for sale by owner) do not make much profit. According to the National Association of Realtors, in 2017, 89% of the sellers sold their house through a real estate agent … (0 comments)

farmington hills homes: Is the Timing Right to Buy or Sell? Farmington Market Update - 09/02/18 08:02 AM
Farmington, MI Sun Sep 02 2018
This week the median list price for Farmington, MI is $319,900 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has held steady at or around 232. Click here to stay informed with the Farmington market!
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops … (3 comments)

farmington hills homes: Realtors Work Hard For The Money: 184 Things We Do! - 08/18/18 05:40 PM
Listed here are 184 typical actions, research steps, procedures, processes and review stages in a successful residential real estate transaction that are normally provided by full service real estate brokerages in return for their sales commission. Depending on the transaction, some may take minutes, hours, or even days to complete, while some may not be needed. More importantly, they reflect the level of skill, knowledge and attention to detail required in today’s real estate transaction, underscoring the importance of having help and guidance from someone who fully understands the process – a REALTOR®.
Pre-Listing Activities  
Make appointment with seller for … (1 comments)

I'm sure that you are familiar with the battle of needs vs. wants… what we like to call must vs. lust. It’s a battle where you spend a lot of time fantasizing about the changes you can make in the home for sale in Farmington Hills, Michigan you just bought and then act on them without giving your needs a second thought. It’s time you stopped making frivolous purchases for your house.
However, in order to satisfy your inner shopper and give you a way to let all that new-house excitement out, we have come up with a few tips to keep you in … (0 comments)

Are you planning to take the FSBO route for your Farmington Hills Michigan real estate? Before you put up that sale sign, there’s one thing that we would like to ask:
Can you handle this deal “ALL ON YOUR OWN”?
Let’s not be too hasty by saying “yes”. If you are thinking about saving that commission, which you have to pay to the real estate agent, then we would like to tell you a small fact:
You might not have those savvy negotiations skills that are required to cut a profitable deal… which means that you will be losing money on the sale price.
The one thing that … (0 comments)

farmington hills homes: Selling your home in Farmington Hills Michigan as-is - 11/17/17 08:06 AM
If you have viewed properties for sale recently, you have probably come across the term as-is. Homeowners may prefer to sell as-is, but it is important to learn how a potential might react to it. Here is important information on selling your home in Farmington Hills Michigan as-is.
Understanditng Wha the Term As-Is MeansAs-is means that a home will be sold in its current state. This covers any problems that may exist, whether they are obvious or not. Buyers must perform an inspection to better assess any problems before finalizing the sale. Based on previous cases involving as-is clauses, the specific interpretation may actually vary … (0 comments)

farmington hills homes: Amazon Invades Farmington Hills Real Estate!!! - 10/17/17 03:59 PM
Amazon has invaded the realm of Farmington Hills real estate—but you couldn’t say it’s happening in a big way. It’s happening in a tiny way. Last week the improbable news arrived that the web’s 400-pound gorilla had made its first foray into the realm of real estate. Since Farmington Hills real estate (like all real estate) is by definition local, its very nature would seem to preclude the buying and selling of homes as a mail order enterprise. But since has succeeded in other industries where failure had been assumed (high-end fashion, for instance), could local Farmington Hills real estate soon be monopolized … (4 comments)

farmington hills homes: Farmington Hills Pet-Friendly Homes Advantages - 10/02/17 04:22 PM
“Pet-Friendly” is a term that used to be confined to the Farmington Hills Homes for Rent ads and a few open-minded hotel chains. Given the 84+ million American households which now include pets as family members, Farmington Hills homeowners who plan on listing their property anytime soon might include those animal census numbers in their thinking.
There may not yet be an official “Pet-Friendly Home” seal with stringent qualifying requirements, but it might not be such a bad idea. What research there is indicates that most prospective home buyers don’t at first concentrate on their animals’ needs—yet when you add the 36% of dog-owning households to … (0 comments)

farmington hills homes: Greater Oakland County Home Energy Check 2014 - 10/20/14 12:03 AM
It’s that time of year again in Greater Oakland County Michigan when winter approaches, so there’s no better time then now to give your home an energy check up. Energy costs have shot up, and you may be paying a lot more than necessary to be comfortable in your home throughout the year. Most homeowners in Greater Oakland County have a number of easy, inexpensive options for reducing energy consumption and energy bills. The older your home, the more likely it is you can dramatically cut your utility costs, improve your comfort level and be environmentally responsible in the bargain. As we can clearly … (0 comments)

farmington hills homes: Sign, sign everywhere a sign - 10/09/14 02:17 AM
Sign, sign everywhere a sign We all know this song, and it couldn’t be more accurate and appropriate this time of year in the Greater Oakland County area.  As a Realtor the signs are not only an annoyance but also make it very hard for my buyers to find the property as the yard signs are buried around in the mass of political signs. I’m not clear if the home buyers are offended or if the political signs have any impact on their choice of neighborhoods in the Greater Oakland County area, but some ask me more details about the neighborhoods than … (3 comments)

farmington hills homes: All about Farmington Hills Michigan Plus Real Estate - 10/02/14 01:14 AM
All about Farmington Hills Michigan Plus Real Estate Farmington Hills Michigan is a great place to Buy or Sell a Home and is one of the most sought after areas in the Greater Oakland County Area. The blog is all about Farmington Hills Mi plus Real Estate and the background of the city of Farmington Hills which is known for our historical downtown, elegant Victorian-style homes, and one of Michigan’s top rated public school systems. The residential neighborhoods within the City of Farmington Hills have varied characteristics. A positive attribute to the City is the mixture of housing type, size, age and price. This … (1 comments)

farmington hills homes: Greater Oakland County Home Buyers BUY OR WAIT?… - 10/02/14 12:10 AM
       Check The Answer That’s Right For You There’s no right or wrong answer when you ask: “Is it the right time to buy a home in the Greater Oakland County home ?” For some, it’s a great time to buy—while for others, the answer is not as clear cut. There are lots of check marks that make buying favorable, but some unknowns as well. We’re here to help you sort out the right answer for you.
Today’s real estate market in Greater Oakland County is affordable for many. Interest rates are still near historic lows, which means your … (0 comments)

farmington hills homes: Finding The Right School - 09/23/14 11:31 PM
When it comes time to buy your next home in Oakland County Michigan, your decision will be based on dozens of criteria. If you’re like many home buyers, good schools will be at the very top of your list. Even buyers without children areoften concerned about the quality of schools. They know property values in Oakland County Michigan often reflect the reputation of local schools-both public and private-and that a home near good schools may be easier to sell later on.
Tips For Locating The Right Schools
Plan AheadIt pays to look at schools early in the house-hunting process so you … (0 comments)

farmington hills homes: Downsize, Right Size Or Cross Size - 09/18/14 10:09 PM
Downsize, Right Size Or Cross Size…That’s the question when it come to retirement. Many baby-boomers are getting set to do just that, Retire! It is an exciting thing, but also big decisions that come along with it when it comes to downsizing your home. Some situations mean that the home is too big or the yard is too much to maintain or yo just want to move somewhere warmer. No matter what the reason these steps should help you make the best situation that is right for you.
Even if you’ve never thought about your retirement plan, the desire to move … (2 comments)

farmington hills homes: Are You Selling at The Right Price - 09/11/14 11:42 PM
Are You Selling at The Right Price, this is a question that we are faced with at every listing appointment we go on. There are many factors that play a role in setting the right price and frankly many of them are not understood by the home seller. Some home sellers feel that if their neighbor sold for a certain price, then they can go above that price because of course their home has this or that update etc… This is normal as home sellers feel and rightly so sometimes that they have more to offer in their home. I always listen … (0 comments)

farmington hills homes: Today’s National TV Dinner Day - 09/10/14 04:12 AM
Today's National TV Dinner Day, September 10,2014 and it looks like it will be one of those evenings tonight as the Greater Oakland County area will see rain and storms this evening (Lets hope power remains on) and who wants to go grocery shopping or cook during the rain? Although National TV Dinner Day is not a recognized Holiday it is indeed a celebration to some. A new product, called “TV Dinners” was introduced by C.A. Swanson & Sons in 1953.  This changed the prepackaged meal industry forever.  Every year on September 10, we commemorate the “TV Dinner” on National TV Dinner Day … (0 comments)

Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations (Re/Max Classic)

Tom Gilliam- RE/MAX Classic

Exceeding Your Expectations

Farmington Hills, MI

More about me…

Re/Max Classic

Address: 29630 Orchard Lake, Farmington Hills, Michigan, 48334

Office: (248) 737-6800

Mobile: (248) 790-5594

My blogs are about helping home buyers ,home sellers and even home owners with new and old ideas to prepare them for either scenario. Being a Realtor in Oakland county Michigan is a fulfilling job and I'm very proud to share my knowledge and to learn from other as well.




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