Plymouth real estate update May 2012With spring of 2012 has come the hot Plymouth real estate market. There are just so few homes on the market that it has become a sellers market. It is a great time to sell your home. If you are a buyer then it is a lot tougher to find the home you want. Be prepared to get into bidding wars, losing houses before you even get to see them or put into a bid. The Plymouth real estate market is that hot. I listed a Plymouth home a week ago and it sold in 2 days. We had three offers on the house and it went within 1.5% of list price. And we had priced it high because it was a hot sellers market. So my advice to Plymouth home sellers if their home is in good to excellent condition is to price it at the upper end of the price range. Don't be a hog and over price it! Look at the comparables and price it at the high end if the home has been updated and if the realtor thinks it is a great home. My thoughts to Plymouth home buyers is to be prepared. Have your pre-approval ready. Be ready to put in an offer as soon as you look at the house if you like it. Unfortunately some clients never get on board and they end up looking for months and months. If you are a thinker and need a week to make a decision then you are most likely going to miss out on the best homes. It's just that simple. I had one client that complained that their first real estate agent never got them into the homes quick enough and they were always sold. Then I found out why. They could never look at houses until Sunday. By then they had been on the market for 6 days and sometimes sold. You can not do that in this Plymouth real estate market. Get out and look at the homes right away. That is the first step. This is just a quick update of what is happening in Plymouth real estate. If you have questions feel free to call me on my cell (313) 310-9855 Search Plymouth homes for sale Plymouth MI trivia - Plymouth MI facts Why an open house may not work when selling your Plymouth home Plymouth MI Festivals photos Cedar Island Lake White Lake Twp MI Southeastern Michigan lake associations Oakland County MI lakes by size http://www.detroitmichiganrealestatehomes.com/00592E Posted on May 08, 2012 @ 9:07 am by russ.ravary - View Profile
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Plymouth first time home buying tipsAs a Plymouth first time home buyer it can be quite confusing on what to do or look for when buying a home for the first time. One of the things I tell all my Plymouth first time homebuyers is to look at these 6 items as these are the items that can be quite costly. 1.) Approximately how old is the roof? Does it need immediate replacing or is it newer? 2.) Basement - Is there signs of water or leakage in the basement 3.) Has the kitchen been updated? 4.) Have the bathrooms been updated? 5.) How old is the furnace and hot water heater? Are they older or newer? 6.) Windows? Are they the old 1950s or 1960s metal windows As a Plymouth first time home buyer look at these items. You will get an idea whether to cross the home off the list immediately if there are too many repairs or needed updates. You do not want to buy a money pit....unless you have $20,000 to $50,000 laying around. A home inspector will be able to tell you more when you have the house inspected but you can sometimes visually tell about most of these items. I always say if you can get 4 or more of these items that are positive shape that is a good sign. Of course the more of these items that good is great for you. If you have more questions about buying a home in Plymouth give me a call or email me. Search Plymouth homes for sale South Eastern Michigan real estate Plymouth MI at Christmas photos
http://www.detroitmichiganrealestatehomes.com/005913 Posted on Apr 18, 2012 @ 1:48 pm by russ.ravary - View Profile
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What does mortgage broker mean? Plymouth real estate termsWhat does mortgage broker mean? Plymouth real estate terms. Mortgage broker is an individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself. Mortgage brokers usually charge a fee or receive a commission for their services. There are very few mortgage brokers around because the trend has become part of a bank. Usually a mortgage broker can shop the mortgage around and get you a better rate then some banks. For more information on Plymouth Real Estate terms, or if you are interested in buying a Plymouth home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com Michigan Lake Info:
http://www.detroitmichiganrealestatehomes.com/00589E Posted on Jan 24, 2012 @ 6:58 am by russ.ravary - View Profile
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What does assumability mean? Plymouth real estate termsWhat does assumability mean? Plymouth real estate terms. Assumability is when an assumable mortgage can be transferred from the seller to the new buyer. Generally requires a credit review of the new borrower and lenders may charge a fee for the assumption. If a mortgage contains a due on sale clause, it may not be assumed by a new buyer. The only homes now that you can assume a mortgage on are HUD mortgages. Even then, the new buyer must be approved by the old mortgage lender. For more information on Plymouth Real Estate terms, or if you are interested in buying a Plymouth home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com Michigan Lake Info:
http://www.detroitmichiganrealestatehomes.com/005894 Posted on Jan 15, 2012 @ 7:20 am by russ.ravary - View Profile
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What does affordability analysis mean? Plymouth real estate termsWhat does affordability analysis mean? Plymouth real estate terms. Affordability analysis is an analysis of a buyers ability to afford the purchase of a home. Reviews income, liabilities and available funds, and considers the type of mortgage you plan to use, the area where you want to purchase a home, and the closing cost that are likely. Simply put affordability analysis is when you sit down with your mortgage lender and they review your credit and income. This is one of the most import phases of the home buying process. Even though the mortgage lender says you can financially afford a big payment, it is up to you to realistically sit down and decide how much you can truly afford. For more information on Plymouth Real Estate terms, or if you are interested in buying a Plymouth home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com Search Plymouth homes for sale South Eastern Michigan real estate Michigan Lake Info:
http://www.detroitmichiganrealestatehomes.com/00588B Posted on Jan 06, 2012 @ 6:45 am by russ.ravary - View Profile
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