My Blog

Prepping Your Home for a Winter Sale


Tomorrow marks the first of December, which means the holidays are in full-swing!  For many, the thought of buying or selling a home in the midst of December's hustle and bustle is overwhelming and untimely.  However, this time of year is actually advantageous for sellers - as home buyers are much more serious during the winter months.  Some have to relocate, and your home may be exactly what they're looking for!

Before putting your home on the market (especially this time of year), be sure to fix or repair the little things you know need attention.  Declutter any areas that need it - closets, kitchen and bathroom cabinets, counter tops, drawers, etc.  Get rid of any odors.  If you know something needs fixing, chances are people looking at your home will know it, too.  If there are exterior items that need repair, disclose them.  This shows a buyer that you are being "up front".  Buyers like that.

If you have been thinking about selling your home, now may be the perfect time.  Please contact me, without obligation, with any questions you have.


FHFA Announces Maximum Conforming Loan Limits for 2019


Washington, D.C. 
– The Federal Housing Finance Agency (FHFA) announced yesterday the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019.  In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. 

Please call if you have any questions, consult your current mortgage lender, or I can put you in contact with a lender that can answer any questions.


It Pays To Talk Finances With Your Realtor, Here's Why


Perhaps your credit score isn’t what you’d like it to be, or perhaps your savings account has been dipped into more than it’s been contributed to.  Whatever your financial situation – it pays to be upfront and honest with your realtor.  Our job as agents is to help you navigate the home buying process.  With inaccurate information, it is impossible for us to do our job well. 

There is nothing to be embarrassed about – we are not here to judge you.  Be honest with us, and we will do our best to help you however possible.  We don’t care about your credit score.  Potential lenders, on the other hand, care a great deal.

To avoid a repeat of the 2008 economic “crash,” today’s lenders scrutinize all applications made for a home loan.  Lenders look closely at credit scores – 660 is typically the lowest score they’ll consider.  However, that’s not to say a score of 580 would not qualify you for a home loan.  It may – but you’ll likely pay (higher interest rates).

If you’re looking to rent, a credit score of 660 or above is critical.  Inventory is extremely tight.  Imagine now that you are a landlord.  With a slue of applications to consider, how would you determine the most qualified tenant?  Certainly, you would want to examine income, credit scores, rental and eviction histories, smoking status and pet ownership – no?

While it may seem that omitting (seemingly unimportant) financial information is not a big deal – we would hate for that information to be uncovered later and keep you from getting the home you desire.

Please feel free to call, email, or text if you have any real estate questions.  I am here to help.  Experience counts.


Northville Open House THIS Sunday 11/18


49040 Rainbow Lane S
Northville Twp 48168

I am holding this freshly painted, beautifully decorated, 3 bedroom, 2 & a half bath cape cod w/loft open this Sunday from 1-3pm and hope to see you, your friends, or family there!

The popular Pulte Townsend floor plan has a stylish cherry & granite kitchen & island w/stainless steel appliances, recycling ctr., pantry & breakfast nook. Great room w/vaulted ceiling & gas fireplace. Luxurious master suite features jetted tub, door-less walk-in shower, his & her sinks plus huge 11 x 8' walk-in closet! 1st floor laundry & mud room, walking trail & community pool.

Priced at $419,900, this just may be your home for the holidays.


Buying a Home During the Winter Months


This Sunday, Veteran's Day, is the 100th Anniversary of the end of World War.  To all of those who serve or have served in our armed forces, 
thank you.

Today's snowfall may have people wondering if the upcoming winter season a good time to buy a home.
The answer is YES, especially in late 2018, early 2019!

Listings have increased 8% year after year, with 467,000 homes added to the housing market this September. This, coupled with over-priced homes that did not sell in the buying frenzy earlier in 2018, gives buyers today an advantage. Prices of those “over-priced” homes are falling, (NOT CRASHING), and sellers are becoming more realistic in their pricing.

If you’re contemplating a move, this matters!  For more information, contact me and I can help assess your situation.  Experience counts, and to that end, I offer more than 43 years of knowledge assisting buyers and sellers in Metro Detroit.


Interest Rates in Today's Real Estate Market


It is now November 2018 and interest rates are still rising. Earlier this year, the Federal Reserve (feeling rates were too low) raised interest rates, which (as a result) has made housing more expensive.

However; despite increases, rates are still historically low. 

Current housing inventories are very tight in Southeast Michigan and around the nation, which too, results in higher prices. Costs for new construction have increased substantially, as well, due to tariffs imposed on building products earlier this year. Despite this, houses are available and prices are falling somewhat, but not crashing.

To learn more, call me to discuss the specifics of your situation - as everyone has a different scenario. There is no obligation, and you will learn important information that will help you clearly understand your real estate options.

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