Author: propmarket

5 Tips for Starting Your Home Search

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5 Tips for Starting Your Home Search In today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. Here are five tips from realtor.com’s article, “How to Find Your Dream Home—Without Losing Your Mind.” 1. Get Pre-Approved for … Continued

3 Reasons to Use a Real Estate Pro in a Complex Digital World

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3 Reasons to Use a Real Estate Pro in a Complex Digital World If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to … Continued

When To Consider Buying A Foreclosure In Metro Detroit Michigan

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You’ve seen those TV shows – Property Wars, Flip or Flop, and others of that ilk. And because of their huge popularity, there’s now a burgeoning interest in buying foreclosed homes. It’s a great way to buy a house on the cheap for investment purposes, right? It can be, but it can also be a financial disaster. … Continued

3 Reasons This is NOT the 2008 Real Estate Market

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3 Reasons This is NOT the 2008 Real Estate Market No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s … Continued

Existing-Home Sales Report Indicates Now Is a Great Time to Sell

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Existing-Home Sales Report Indicates Now Is a Great Time to Sell The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Reportreleased by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling … Continued

Homeownership is the Top Contributor to Your Net Worth

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Homeownership is the Top Contributor to Your Net Worth Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household … Continued

What You Need to Know About the Mortgage Process

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What You Need to Know About the Mortgage Process Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of … Continued

What FICO® Score Do You Need to Qualify for a Mortgage?

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What FICO® Score Do You Need to Qualify for a Mortgage? While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s unpack the credit … Continued
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