Metropolitan Detroit Real Estate Blog

for-sale-by-owner-mark-zIn a recovering market, some sellers might be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. The real estate agent is a trained and experienced negotiator. In most cases, the seller is not. The seller must realize the ability to negotiate will determine whether they get the best deal for themselves and their family. Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies which work for the buyer and will almost always find some
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Searching for Real Estate OnlineWith the rise of technology and the ease of its use, many people are starting to transfer this to all areas of their lives. Some people are doing their taxes online rather than work with a professional tax preparer or a CPA. Another new trend the real estate market is encountering, people are looking at homes online rather than using a real estate agent.

While some people can get away with doing it this way, many times there are complications that would warrant the use of a real estate agent. Let’s take a look at the pros and cons of looking online vs. hiring a real estate agent.

The Disadvantages of Online House Hunting

The cons to online house hunting include factors, such as:

  • The internet won’t have all of the information about the home
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This is the first of it's kind here in Metro Detroit.  It's a 3D virtual tour of our newest listing. You can literally walk the entire home, zooming in and out of any room or any wall. It's simply amazing to the say the least. You literally feel like you are walking through the home. Navigate through a room, turn a corner, explore different angles or see it all with a birds eye view. This is a prime example of our pro-active marketing efforts utilizing cutting edge technology to market our clients properties to the extreme. Try it for yourself. For more information on this listing click on the address here 4606 Victoria Drive In West Bloomfield, MI 48322
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Handing over Home KeysMarried couples may be ready to buy their first home. They are tired of renting or perhaps living with their parents, and it’s time for them to start their lives together in their first home. The problem is they may not be able to come up with the cash for the down payment on their own.

Sometimes you have to put down a certain percentage, so coming up with thousands of dollars is difficult. Many couples ask, should we ask mom and dad for help on the down payment of that house we want, and if so, what will the effect have on the family dynamic?

Not All Parents Will Help

Some parents may not be welcome to your request. They may say that they never had help so why would they help you. Some parents may help in desperate times, but it all depends on

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Selling a home is always challenging, but the process becomes even more challenging when it’s a down housing market.  No matter what the state of the housing market is, you can always improve your home’s appeal in order to help it sell quicker.  Here are our top 7 tips regarding how to sell your home in a down market:

Get Your Home Inspected.

Your potential buyers will want to know your home has been well maintained throughout your stay.  If you hire a home inspector, you will be able to find and fix any major maintenance problems before potential home buyers buy the house.  While your buyers will likely perform their own home inspection on your home, it will help the process move quicker if you can show that you already had your home inspected.

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Big EventBridal shows are a great way to gather information and have a good time with your friends or family. Here Comes the Brides Bridal Show is the biggest bridal show in the state and will be around Michigan from November 2nd all the way until February 15th. They are giving away prizes, playing a game with the crowd, and having vendors there to answer your questions for the big day.

Where will the bridal show take place?

The bridal show is scheduled for the following locations:

  • November 2nd from 1-5 at the Hellenic Center in Westland, MI
  • November 9th from 1-5 at the Kings Court in Lake Orion, MI
  • November 16th from 12-4 at the Bucks Run in Mount Pleasant, MI
  • January 4th from 1-5 at Brighton High School in Brighton, MI
  • January 11th from
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Wine BottleDetroit has some exciting wine events coming to the area soon.  Many of the best events come through the area during the fall. Here are just a few of the top choices for wine lovers near Detroit.

Made in Michigan Craft Beer and Wine Festival

At the end of September, Detroit will see the Made in Michigan Craft Beer and Wine Festival coming to the Diesel Concert Lounge. The event will benefit the non-profit organization, Hunt’s Gymnastics Academy Booster Club.

Located in Chesterfield, the event will feature over 30 breweries and wineries. The beers and wines are made from all over the state. This is great if your date for the event is more a beer drinker. Enjoy the raffle and live entertainment from Joe Anthony & Friends while you’re there.

The

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Americans have often used homeownership as a way to expand their wealth and increase their sense of financial security.  However, many homeowners are currently losing money on their homes due to the state of the economy.  So some experts think that owning a home could be a poor investment in this market. If you don't yet own a home, should you pursue homeownership?

A home gives you two different returns on your investments: it stores a large amount of your money in a similar manner as a bank, and it provides you with a place to live. If you want to see whether or not a home is a good investment, you have to determine whether or not these returns could actually be found somewhere else.

The first return on investment mentioned is often a source of

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You have a nice backyard full of grass, maybe a tree or two, but have you ever wanted to turn your backyard into something more?  Do you have backyard projects on your mind but not sure if they are even physically or financially feasible?

Here are a few backyard projects to show how you can transform your backyard into the Ultimate Summer Paradise:

• Pool or Hot Tub – spend your summers relaxing poolside or enjoy taking a dip in a hot tub in December.  A backyard pool or hot tub can help you relax both your mind and body.
• Outdoor Games and Entertainment – imagine stepping out your backdoor and onto your very own tennis count, basketball court or volleyball court.  If you love the outdoors and you’re an active person, you’ll be able to have fun

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Dogs in the Living RoomWho doesn't love a fluffy kitten or a playful puppy? Unfortunately, the answer is a large portion of the people interested in buying your home. Even a large number of potential homeowners that have animals and love them, have no interest in purchasing a home where other pets have previously lived in.

Why Don't Potential Homeowners Like Pets?

  • Pets Make People Nervous: People who have never had pets or people who were never really around pets feel nervous around them. Even people who have pets can feel nervous around an animal they don't know.
  • People Fear Pets: Some people do not like dogs specifically because they are afraid of them. There may or may not be a reason for it.
  • Inexperience: A person who has never been around pets, has no idea
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