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Northville home selling tips

Northville home seller there are two documents that you will have to fill out and share with buyers.  One is a Lead based paint disclosure if your home was built before 1978.  Paint that was manufactured before 1976 had lead in it. 

In Michigan you need to disclose if you have any reports about lead based paint in your house. Another document you will have to fill out is the Seller's disclosure.  This form is about the age of certain items, whether items are part of the sale, and whether they are working.  They ask about basement and roof leaks. 

Be honest and fill out the form correctly.  Failing to disclose something could end up in a lawsuit.  It is better to disclose an item than to be sued later. I hope these Northville home seller tips help you understand some of the paper work that you will be filling out.

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Posted on May 16, 2012 @ 2:02 pm by russ.ravary - View Profile
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What does balloon payment mean? Canton real estate terms

What does balloon payment mean? Canton real estate terms. Balloon payment is the final lump sum paid at the maturity date of a balloon mortgage.

When the balloon payment becomes due, you must either refinance or have the cash to pay it off.  

For more information on Canton Real Estate terms, or if you are interested in buying a Canton home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com

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• Little Cedar Lake
• Little Portage Lake
• Long Lake Hartland
• Loon Lake Waterford
• Loon Lake Wixom


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Posted on Jan 19, 2012 @ 9:36 am by russ.ravary - View Profile
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What does appraised value mean? Farmington Hills real estate terms

What does appraised value mean? Farmington Hills real estate terms. Appraised value is an opinion of a property's fair market value, based on an appraiser's knowledge, experience and analysis of the property.

Appraised value is not the same as what you could sell it for. It may be higher or lower then the fair market value.

For more information on Farmington Hills Real Estate terms, or if you are interested in buying a Farmington Hills home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com

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• Bitten Lake
• Blaine Lake
• Bogie Lake
• Brendel Lake
• Bridge Lake


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Posted on Jan 11, 2012 @ 10:06 am by russ.ravary - View Profile
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What does appraisal mean? Canton real estate terms

What does appraisal mean? Canton real estate terms. Appraisal is an estimate of the value of property, made by a qualified professional called an "appraiser".

The biggest thing about an appraisal is that is just one mans opinion. It is very hard to find an appraiser any more because the banks hire their own appraisers. Your choice when selling a home is to accept the appraised value or get the buy to come up with more money, or not to sell the home.  

For more information on Canton Real Estate terms, or if you are interested in selling a Canton home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com

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Posted on Jan 10, 2012 @ 11:28 am by russ.ravary - View Profile
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Closing Date - Farmington home seller advice

Closing Date - Farmington home seller advice

I just had this question asked by one of my Farmington home sellers.  I hope the buyer won't mind that the cars are in the garage a few days after we close.   WHAT?

Of course he will mind!  He owns the house now unless you pay him rent!!!  When you sell the house and close on it you have no right to have ANYTHING in the home.  The home has to be broom clean and everything you own has to be out of the property.

The new buyer owns the house now.  He has legal obligation to keep anything of yours in the house.  In fact if he did it can create an issue for him.  What happens if the cars were stolen or damaged?  You would want him to fix the damage rignt?  You would want the cars replaced right? 

That why you have to have your personal belongings out of the house.  Simply it's not your house and you have no rights to it unless you pay him to rent it.

This Farmington home seller advice should keep you out of trouble and help you think about the situation from the buyers side.  

If you are looking at selling your Farmington Hills home, please give me a call or email me at yesmyrealtor@gmail.com

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Posted on Nov 30, 2011 @ 7:20 pm by russ.ravary - View Profile
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