Category: Real Estate News

62% of Buyers Are Wrong About Down Payment Needs

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62% of Buyers Are Wrong About Down Payment Needs According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.” … Continued

3 Signs the Housing Market Is on the Rebound

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3 Signs the Housing Market Is on the Rebound The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound: 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home … Continued

4 Tips to Improve Your Home and Save on Your Energy Bill

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4 Tips to Improve Your Home and Save on Your Energy Bill As a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2nd is Energy Efficiency Day, a perfect time to think about making some key upgrades that will improve the … Continued

5 Homebuying Acronyms You Need to Know

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5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are … Continued

What Inspections Are Needed When Buying A House

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What Inspections Are Needed When Buying A House What to Expect from Your Home Inspection A House in Michigan? You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. The inspection period typically … 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 necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. … Continued

Homeowners Are Happy! Renters? Not So Much.

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Homeowners Are Happy! Renters? Not So Much. When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a … Continued

Are You Ready for the ‘Black Friday’ of Real Estate?

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Are You Ready for the ‘Black Friday’ of Real Estate in Metro Detroit Michigan? Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of discounted must-have items … Continued

Is Your House “Priced to Sell Immediately”?

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Is Your House “Priced to Sell Immediately”? In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values … Continued

Should You Fix Your House Up or Sell Now?

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Should You Fix Your House Up or Sell Now? With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first … Continued
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