Author: propmarket

3 Things You Need in a Shifting Real Estate Market

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3 Things You Need in a Shifting Real Estate Market Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact … Continued

The Importance of Homeownership to the American Dream

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The Importance of Homeownership to the American Dream For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair … Continued

Selling Your Home? Make Sure the Price is Right!

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Selling Your Home? Make Sure the Price is Right! If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. … Continued

A Beginners Guide To Renovating Your New Home In Michigan

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So you’ve bought a new home, and you want to make it look even better and feel more comfortable – more you. Or maybe you’re looking for a new home you can renovate, one that you can make into your special project. Either way, when it comes to the actual renovation, you need to keep … Continued

What is the Cost of Waiting Until Next Year to Buy?

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What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% … Continued

Last Chance! Homes are a Bargain Compared to Historic Norms

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Last Chance! Homes are a Bargain Compared to Historic Norms A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other … Continued

Cost Across Time – Average Interest Rate & Mortgage Payment

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The Cost Across Time [INFOGRAPHIC] Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your … Continued

A Beginners Guide To Flipping Homes In Metro Detroit

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Today home flipping is probably the most popular strategy for making money in real estate investing.  And it can indeed be a viable way to make a significant return on your investment, but there are also pitfalls to avoid and a fairly established procedure you should follow. The really good news is that you can … Continued

Dissecting The Escrow Process For Michigan Real Estate

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Buying or selling real estate involves a fairly complex and lengthy process with lots of confusing terms and technical jargon. Still, most people understand it all fairly well . . . till it comes to the escrow process. So let’s dissect the escrow process for Michigan real estate to make it a little less confusing … Continued

The Cost Across Time – Avg Interest Rate & Mtg Payment

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  Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is … Continued
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