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Metro Detroit Real Estate Blog

Events

Most of us know Detroit for the many music legends it has produced. But Detroit is known for much more than just music. Here are four events that go on all throughout the year in Detroit.

William Henry Exotic Pocket Knives and Lashbrook Sportsmen Rings

This event is put on by J. Thomas Jewelers and takes place every Saturday at the J. Thomas Jewelers store. The store is located at 2254 Crooks Road in Rochester Hills. This event will be going on until January 2nd 2016.

The William Henry pocket knives are very unique to this area. They are the type of knives that are handed down from generation to generation. If you are interested in learning more about these exotic knives be sure to visit this event. It is free to attend.

The Island Of

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Home Selling/Buying

Did you know that the average American homeowner sells their home and moves every five to seven years? For a person who buys a home and lives in it for 30 years, this is a little difficult of a concept to understand. Regardless of which category you fall into, the question is the same: why do people sell their homes and move?

Your Home Becomes Too Small

The first time you purchase a home, it is not uncommon for it to be considered a starter home. When you buy your starter home, you do not always plan on increasing your family size. Imagine getting pregnant with triplets. Suddenly, your starter home is way too small.

You Need an Upgrade

Sometimes people just grow out of the house they have. The kitchen is too small or you want your own

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Upcoming Event

Do you consider yourself a boating fanatic? Maybe you just enjoy getting outside and love tradition? You will be happy to know the 23rd Annual Spring Boat Expo is right around the corner. If you are someone who has been to this event, you have a general idea of what to respect. If you are someone who has never been, you might be wondering what the event has to offer.

What Can You Expect?

This year the Spring Boat Expo will feature more than 100 different boat exhibits. These exhibits will feature new ski boats, pontoons, fishing boats, runabouts, kayaks, watercrafts, and more from 2015 as well as older and more classic models.

Special attractions you can expect during this event will be announced on the website. The admission times vary on

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Home Expenses

Buying your first home is so much fun. It can also be a stressful experience. You might not know what to expect with making an offer, closing, and the final amount. It is important that you know the expenses you might not have factored in that effect a homeowner. These are the expenses that will sneak up on you.

Sure, you know the amount you are going to pay once you make an offer, but you might not realize the closing costs can be a lot. You might have to pay a lawyer fee or some other hidden fee if it isn't included in the escrow. You also might run into higher closing costs depending on the state you are purchasing a home in.

Small Expenses Can Turn Into Big Ones

Small expenses can quickly turn into larger ones. Let's say you want to do

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Upcoming Event

The Habitat Detroit’s Red Carpet Bash is an amazing event that happens in February and will be on the 21st consecutive year. It is an event that is put on by Ford Motor Company Fund and raises money for Habitat for Humanity in Detroit. It is one of those opportunities you do not want to miss out on.

What the Guests Can Expect at This Event

Everyone who comes to the event will be treated like a star. You can purchase a regular ticket for seventy five dollars and get to walk the red carpet before enjoying an amazing dinner.

You can also purchase a VIP ticket for one hundred and twenty five dollars you can also enjoy a meet and greet with premium seating and dinner. Either way you will have an amazing time and all of the proceeds will go to help

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When the economy collapsed a few years ago, many people in the United States could no longer afford mortgage payments and had to undergo a short sale. Even though this was a hard an unfortunate process, it still allowed these homeowners to avoid worse alternatives such as foreclosure. If you want to perform a short sale, here’s what you should do:

Contact your lender.

If you need to short sale your home, you will need to let your lender know. You will need to submit a letter of authorization to your lender in order to give permission to disclose information to real estate agents, lawyers, and closing companies.

Acquire a preliminary net sheet.

You will need to acquire a preliminary net sheet to detail the expected sales price and costs, and

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Home for sale

There are different parts to staging a home and all of them have the same, basic purpose….to help your home sell quicker and for the amount that you are asking for. If you have the money in your budget then hiring a Professional Stager will be worth the money spent.

However, if you do not have a staging budget, do not fear, there are simple things you can do yourself. Here are a few things you can do to stage your home.

Pack and then pack some more!

Most of us can live without about half of our belongings, at least for a short time. It is easy and natural to collect things but your processions can draw attention away from your home and its selling points.

Pack as many things that you can (especially unneeded furniture) and store them

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Calendar - Image Credit: https://www.flickr.com/photos/dafnecholet/5374200948

“Come Fly the Starry Skies” auction is to benefit Our Lady Star of the Sea School that is located in Grosse Pointe. The event will be held on February 28th. It will be held at the Grosse Point Yacht Club, which is located at 788 Lake Shore Road in Grosse Pointe Shores.

The Honorary Auction Chair is Bettejean Ahee. She is inviting the community to embrace the aviation themed event. This year’s event will include live and silent auctions, raffles, cocktails and a strolling dinner.

Auction Items will include:

  • Unique Experiences
  • Jewelry
  • Vacations

Raffle Items will include:

  • “Year of Dining” at the area’s finest restaurants.
  • 2015 Lincoln MKC

About the School

Our Lady of the Sea school ranks near the top of all

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If you want to take out a renovation loan, you can decide between the Fannie Mae HomeStyle loan or the FHA 203k rehab loan. Both of these loans are one-time construction loans and have several differences. Here are the key differences between an FHA 203k loan and a Fannie Mae HomeStyle loan:

Credit Score.

The minimum credit score requirement for an FHA 203k rehab loan is 640; the minimum credit score requirement for a Fannie Mae HomeStyle loan is 680.

Underwriting Process.

The underwriting process for an FHA 203k loan is much easier than the underwriting process for a Fannie Mae HomeStyle loan. The Fannie Mae HomeStyle loan underwriting process is extremely stringent and detail-focused.

Gift Funds.

Gift funds are allowed as part of a

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