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Metro Detroit Real Estate Blog

Smelly Empty Home Homes that haven’t been lived in for a while can develop a musty, stale odor that home buyers can find unpleasant. While this may not stop a home from selling, unpleasant odors can reduce the sale price or make the home harder to sell. Fortunately, there are many ways to air out a house and make it smell more appealing to home buyers.

Remove Carpeting

Carpeting and upholstery can absorb odors over time, so, while you can deep clean and shampoo your carpeting, removing carpeting in the home can quickly cut back on odors. Some homes will have hardwood floor boards under the carpet, which makes removing the carpet a relatively easy task. In homes where the carpet covers a sub-floor, new carpeting or flooring must be installed.

Repaint the

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Selling to First Time Buyer Putting your home on the market to sell is a lot of work. After a flurry of activity in cleaning, packing and staging your home to make it look irresistible during showings, you're finally ready to invite the world in and — hopefully — take your pick of offers. Though you've probably already spent time thinking about your ideal buyer's tastes and needs, you probably haven't given much thought to their financing. After all, as long as they have a loan, shouldn't that be good enough for you? Perhaps.

But understanding your potential buyers' mortgages will help you rank multiple offers with better accuracy. Federal Housing Authority (FHA) loans are quite common, but this type of financing comes with restrictions about the home inspection and

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How Much Home Can You Afford? 

When you apply for a mortgage, your prospective lender will check several factors, including calculating your debt-to-income ratio in order to determine the amount of mortgage to extend to you. You can get a jump start on the home buying process by calculating your debt-to-income ratio yourself so that you have a good starting point of the price range of homes you’re likely to be able to comfortably afford.

What is a debt-to-income ratio and how is it used?

Your debt-to-income ratio is the difference between your income each month and your monthly payment obligations, and it is expressed as a percentage. Said another way, how much income do you have left over each month after paying your bills? A high debt-to-income

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Are you hoping to buy a home in 2017 but worried about the down payment? Looking to live outside of a big city – whether that be in a small city, town or out in the country with plenty of space? Many Americans can afford the monthly mortgage payment on a home for their family, but have trouble coming up with the 20% down payment that conventional mortgages generally require for offsetting the additional expense of private mortgage insurance, or PMI. In many areas of the country, coming up with a 20% or even a 10% cash down payment means saving up tens of thousands of dollars just for this one purpose. Most buyers understand that they will likely need some cash on hand after they purchase their home, either to fund moving expenses or to buy new furniture

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Making Closed Floor Plan Appealing to Buyers An open floor plan is a floor plan with few walls in public areas of the home. In a home with a typical open floor plan, the dining room, kitchen and living room may all flow together in one area, with few visual cues to indicate where one room ends and another room begins.

Open floor plans allow members of the household or visitors to spend time together in one large space while each person engages in a separate activity. These kinds of layouts promote togetherness, while still enabling each person to have their own space. In addition, open floor plans are perfect for people who enjoy entertaining, because they can easily accommodate large groups of people.

These floor plans are the preference of many homeowners today, but it was not always

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Housing Market Projections The new year ushered in a variety of changes for the United States. With a new administration and a generally healthy economy, 2017 poses unique challenges as well as attractive opportunities for people who are aiming to buy a home. Whether thinking about buying a home for the first time, moving to a new city, or downsizing, it benefits the process to be educated on the current real estate climate.

Here are 7 home buying trends that may affect your plans on purchasing a house in 2017.

1. Credit Standards are Loosening Up

After the mortgage meltdown in 2008, lenders tightened credit standards to a never-been-seen-before point. The credit score needed to buy a home during that period rose significantly, and buyers with even mediocre credit

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Moving in Home in Great Condition More than half of homebuyers today make improvements to the property they close on. "Move-in ready" doesn't seem as important as it used to be. Only 18 percent of recent homebuyers reported buying a home that had recently been remodeled. If this seems like an unusual trend, it just one of the surprising findings in a study of real estate buying selling habits found in a recent study.

More than 80 percent of sellers, according to the same body of statistics take the time and spend the money to complete home improvements prior to listing. Although those improvements are most commonly relatively minor, including interior and/or exterior painting, redoing a bathroom, boosting curb appeal, improving landscaping and adding new flooring, typical

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Cat on Couch in Listed Home Pet ownership in America is a steadily growing trend. In fact, according to statistics published by the ASPCA, some 37 to 47 percent of all households in the United States include one or more dogs and some 30 to 37 percent of homes are shared with one or more cats. In actual numbers, this translates to approximately 70 to 80 million dogs and 74 to 96 million cats living in homes throughout the country.

While these numbers clearly show that having a pet is popular, not all home buyers are pet owners and this can create a problem when those who are need to sell their home.  

Start by Deciding on the Best Marketing Path to Follow

Sellers who share their homes with pets will typically be faced with two choices when putting their homes on the

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Smart Energy Usage in Home Efficiency is all the rage for today's homeowners and buyers, and you may want to make sure that the home you buy is following that trend.

These tips help you to determine whether a home on the market will be energy-efficient, or if you will need to pay out some extra cash on your utility bills or upgrades.

Categories of Home Energy Consumption

You have probably read at least a little about cutting down on your home’s energy consumption in heating and cooling, but there are other categories of home energy use that deserve your attention. Heating and cooling typically takes up about 48 percent of the average home’s energy usage. That figure represents a 10 percent drop since the 1990s.

Roughly 35 percent of energy usage is through

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 In many areas of the country you can purchase a home and pay less for your monthly mortgage than you might pay for rent – however, when looking at mortgage calculators online, be careful that the monthly mortgage payment you’re looking at is the complete picture of all required homeownership costs and not just the amount you’ll need to reimburse your lender each month for your mortgage loan. In some cases, property taxes can be 50% (or more) of a monthly mortgage payment amount, taking the true price of home ownership much higher than originally anticipated. When you’re looking to become a home owner, make sure that you understand the full financial commitment you’re entering into. There are many advantages of home ownership, but you also want to ensure

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