Are you currently or thinking about selling your Novi home? How long will it take? If you're not sure, that's why the Metro Detroit Real Estate Guide is here! For the month of September, 34 homes sold in Novi. On average, it took 108 days to sell and the average sale price is $329,887! So what helped these homes sell while others are still sitting on the market? Price is the number one … [Read more...]
Plymouth Chili Cook Off
October 6, 2010 By Leave a Comment
The 15th annual Great Lakes Chili Cook Off is this weekend in Downtown Plymouth. This is a great event and this year will feature Dance Teams, Children Activities, Dog costume contest, and of course tons of chili! The Chili Cook Off event runs from 12 - 5 on Sunday October 10th. Best of all, the event is held to raise money for Make a Wish Foundation, The Rainbow Connection, Plymouth Salvation … [Read more...]
HUD makes changes for FHA mortgages
September 28, 2010 By Leave a Comment
Starting on Monday October 4th, 2010 HUD is making changes for FHA mortgages. Anyone who submits a new application will only have to pay 1%, instead of 2.25% of the loan amount for up front mortgage insurance. So if you are borrowing $200,000, you would only need to bring $2,000 rather than $4500. On the flip side of that, the monthly mortgage insurance rate is moving from .55% to .9%. … [Read more...]
What the heck is a short sale?
September 25, 2010 By Leave a Comment
What the heck is a Short Sale? According to Wikipedia … “A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the … [Read more...]
Improve curb appeal, sell quicker!
September 25, 2010 By Leave a Comment
Have you ever heard that you have to sell your house twice, before someone will buy it? You have to sell it in pictures, and then in person. Today's home buyer will typically only look at 7-10 houses, in person, before writing an offer. However, they may browse through hundreds online! The first step is to improve the curb appeal. This is your homes first impression, and if you … [Read more...]
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