Tag: analyzing a real estate deal

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

4 Reasons to Sell This Fall

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4 Reasons to Sell This Fall [INFOGRAPHIC] Some Highlights: Buyers are active in the market and often competing with one another for available listings. Housing inventory is still under the 6-month supply found in a normal housing market. Homes are still selling relatively quickly, averaging 31 days on the market.

One of the Top Reasons to Own a Home

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One of the Top Reasons to Own a Home One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. … Continued

What Buyers Need to Know About HOAs

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What Buyers Need to Know About HOAs When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you. According to a recent article on realtor.com, “In a nutshell, an … Continued

6 Graphs Showing the Strength of the Current Housing Market

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6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC] Some Highlights: Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of … Continued
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