Realtor Tom Gilliam-RE/MAX Classic

Yes

Here are some tips to help you hire the right Realtor/Agent Choose a realtor you can easily communicate with,one who is familiar with your neighborhood,and one who has a marketing plan that will maximize exposure for your home. Ask the realtor for recent clients that you can call for a reference and reviews. Ask lots of questions, Keep in mind, this is essentially an employment interview. How long have they been selling homes? How many homes have they listed or sold recently? Ask the realtor for a detailed analysis of properties currently for sale in your area.Remember, you're hiring a realtor for their knowledge and expertise.

There are many reasons why you should consider buying a home to experience the joys of home ownership. Here are just a few. Privacy, security, and stability. Home ownership gives you independence, creates safe feelings. And living in a neighborhood allows you and your family to build long-lasting relationships in your community. Equity and appreciation. When you own a home, instead of renting, you build equity with each monthly payment. And historically, real estate values have increased over time. Tax benefits. You can deduct your mortgage interest, your property taxes, and some of your closing costs. Freedom to renovate. When you own the home, you're free to decorate however you'd like and can make changes to fit your lifestyle. The more you know about why you should buy a home, the less scary the entire process will seem. So talk to your realtor for more information and advice.

A 30 year mortgage is always the best deal. Not necessarily. While monthly payments may be lower, the longer the fixed rate mortgage, the higher your interest rate and interest payments will be, so explore and compare all options available. You need a 20% down payment to buy a home. Not true. Many financing programs are available and some require down payments as little as 3.5%. Appraisers set the value of a home. Also not true. The homeowner, with the advice of their realtor, set the homes market price. The appraisers role is to produce a credible opinion of value which reflects the current market for the lender. You need perfect credit to buy a home. While a perfect credit score would be ideal, keep in mind that acceptable credit scores range from 500 to 850, with the majority falling between 600 to 700. Lenders consider many factors before they approve a lone.

When a buyer makes an offer, they typically make an earnest money deposit to demonstrate that they are serious. These funds are held in an escrow account until closing. When making an offer, it's in the buyer's best interest to include basic contingencies to protect themselves. Financing and home inspection contingencies are the most common. If these contingencies can't be met, in most cases, the buyer's earnest money is returned. However, there are certain circumstances where a buyer's earnest money could be forfeited to the seller. For example, if the buyer waives the contingencies, but the transaction doesn't close, if the buyer ignores deadlines stated in the contract and the seller refuses to give them an extension, or if the buyer simply decides they no longer want to buy the property, in addition to the buyer losing their earnest money, most real estate contracts also provide provisions that allow the seller to sue the buyer for breach of contract if the buyer backs out for the

When selling your home, what items are legally included or excluded from the sale? In the simplest terms, home fixtures are included. If it's nailed down, it comes with the house. A fixture refers to anything permanently attached, or fixed, to the property. Items not permanently attached are considered personal property. Personal property is excluded from the sale, because it can easily be removed without damaging the property. Items considered fixtures would be things like chandeliers, ceiling fans, built-in bookcases, and built-in appliances. Window treatments, such as blinds and attached curtains or drapes also generally stay with the home. Water softeners and security systems are also included, but if they are being rented, this should be disclosed by the seller. If you want to exclude any fixtures, it's best to remove or replace them prior to putting your home on the market. If you don't specifically include them in the contract, they'll be automatically included in the sale.

When a buyer makes an offer, they expect the seller to respond within a reasonable time period. Most realtors encourage their sellers to respond to an offer within 24 hours.

Identifying the features of your home (size of property, type of structure, number of rooms, etc.). Studying comparable properties that have recently sold in your neighborhood. Examining unsold properties that have been withdrawn from the market – to determine possible mistakes that may be avoidable in the sale of your home. Summarizing the information to establish the market value range of your home and helping you to arrive at a listing price. Figuring the net equity you can expect to receive if the home sells for the listing price.

– Do you represent the buyer or the seller? – What are your fees and who pays them? – How much time will you have to help me look for a new home? – – – – What tasks will you perform for me as my representative? – How often will you communicate with me as my buyers agent, and how can I reach you? – Will you refer me to some buyers you have represented recently? – Do you have access to the area multiple listing service, foreclosed listings and other sources of information about available houses? – Will you show me all the available houses in my price range, even if they are listed by another company? – Will you give me a comparative price analysis for any homes I am considering? – Do you represent the buyer or the seller? – What are your fees and who pays them? – How much time will you have to help me look for a new home? – – – – What tasks will you perform for me as my representative? – How often will you communicate with me, and how can I reach you?

Want to know what the number one rule is when home shopping? Well, many details must be considered in choosing your next home – style, size, price, location. It’s probably impossible to say which factor is most important. But one thing is certain – if you will be moving again in a few years, be sure you buy with selling in mind. Chances are, the items that make your new home a comfortable fit for you will also attract buyers later on.

CHECK OUT INTEREST RATES SHOP FOR THE BEST LOAN DETERMINE HOW MUCH HOUSE YOU CAN AFFORD INVESTIGATE NEIGHBORHOOD PRICES SEPARATE NEEDS FROM WANTS

DIG UP YOUR DOWN PAYMENT Know where your down payment cash will come from. If it’s coming from stocks, go ahead and sell them. If Aunt Jessie is loaning the money, get it in hand so you are ready to go. NAIL DOWN YOUR FINANCING It’s tough to home shop if you don’t know what you can afford. Together with a reputable lender, we can help you determine how much home you can afford and which loan program will maximize your buying power. By getting pre-approved for a loan, you’ll be a better prospect in the seller’s eyes. TAKE YOUR TIME Don’t jump at the first home you see. Let us introduce you to different areas and home types to see what suits your needs the best. DO YOUR HOMEWORK Once you’ve found the home you want, ask us to run a competitive market analysis of other homes that have recently sold, so you’ll be able to make a sensible offer to purchase. ENJOY!

Yes, Request our complete guides, free! You’ll receive top down picture of nearly everything you need to consider as a real estate buyer or seller in the Oakland County Michigan market. Get more informed by requesting our guides below! https://homes2moveyou.com/buyer-seller-guides/

I service Farmington Hills, Novi, Northville, Royal Oak, Ferndale, Livonia, Canton and the surrounding areas.

To get a pre-approval letter, a lender will ask you for your Social Security number and permission to pull your required credit report for you and your co-borrower (if you have one). Most lenders charge an upfront fee of around $30 for this.

A pre-approval is a preliminary commitment in writing from a lender stating that a borrower would qualify for a particular loan amount based on income and credit information under a lender’s guidelines. Most pre-approval letters are good for 60 to 90 days.

TIME To get your home sold, you would have to advertise and then baby sit the phone, waiting for responses to your ad. We have an office staff to handle this and to sort out serious callers from others. We can also pre-qualify prospective buyers and make arrangements to show the house. MONEY You’re likely to attract bargain-hunting buyers who seek out for-sale-by-owner homes, expecting to get a lower purchase price because of the saved sales commission. We will advise you how to price the house to sell fast for the best price. ACCESS Self-selling limits exposure to prospects who see the yard sign, if one is used, or newspaper ads. We bring with us a network of contacts and a computerized listing service that puts every agent in town to work selling your house. PEACE OF MIND When selling by owner, the homeowner is responsible for negotiating a legal contract and seeing that every detail of the contract is carried out. We can screen out unqualified prospects.

In some boom markets, the well-orchestrated efforts of new-home developments can make selling a “used” home seem impossible. But you can direct your own award-winning performance, and truly compete in the home-selling business. A successful builder designs homes and decorates models with specific “profile families” in mind. Every detail of a model home – from the name of the style to the decor of each room – is calculated to emotionally grab families who resemble the profiled family. “This is us!” the prospective buyers should say to themselves as they tour the home. Then the builder arms a professional sales staff with a variety of easy mortgage plans, making possible an on-the-spot home sale.

OVERPRICING OR UNDER-PRICING. SELLING “AS IS.” OVER-IMPROVING. SELLING IT YOURSELF FAILING TO OFFER FINANCIAL INCENTIVES. IGNORING YOUR LISTING AGENT’S ADVICE.

With your Realtor Tom Gilliam Listing Agent , take a hard, objective look at your home. Prioritize what needs to be done, and decide how much you can spend in time and money to make it look its best before opening it up to buyers. Get rid of all clutter and put some of your stuff in storage to make the rooms and closets roomier. Put together an information packet on local amenities, your utility bills and other helpful information.

Ask your Realtor Tom Gilliam Listing Agent for an analysis of the local market and an opinion of the best price range for your home. The price is determined on many factors such as condition of property, similar comparable homes that have sold in the area and other factors...

Yes, I offer free Market Analysis for your home in Farmington Hills, Michigan and surrounding areas. Get yours here : https://homes2moveyou.com/home-valuation/