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Metro Detroit Real Estate Blog

Every new homeowner knows the feeling of joy when they finally find the house they want at the price they can afford. It's exciting when you get to the closing day, and you move into your new home. 

Maybe your move was an upgrade to a larger home or perhaps you moved to an entirely new area. No matter what type of house you get, you need homeowner’s insurance to protect what is probably your single most significant investment. 

Many people have an agent handle their homeowner’s insurance policy, but they don’t know how their policy coverage works. Most people don’t take the time to read all the small print of the policy, and even if they did, it might not make sense to them. However, if something goes wrong and your house gets damaged, you will want

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If you are considering purchasing a bank-owned foreclosed property, then you these 15 facts will give help inform you about what to expect.  

What is a Bank Owned Foreclosed Property?

A bank forecloses on a property when the person paying the mortgage stops making payments. When someone takes out a loan on the house, the house becomes collateral in the event they don’t pay the mortgage. If payments become seriously delinquent, the bank steps in and terminates the equitable right of redemption. At this point, the bank takes back the house to sell it. In this way, they recoup some or all of the money owed.

Don’t Expect Rock Bottom Prices

People sometimes have the idea that a foreclosed property is going to sell for a rock bottom price. They

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If you’ve decided to sell your home, you are no doubt dealing with a lot of mixed emotions. You’re probably excited by the prospects of finding a new house. Maybe the move itself is indicative of something new and thrilling in life — like a better job or a growing family.

Pretty young woman making a decision with arrows and question mark above her head

At the same time, you may be experiencing some trepidation about selling your home, finding another home you like, and everything in between. Rollercoaster emotions are typical for most people in your position. These tips offer guidance on how to get through the home selling process and keep your emotions calm.

Connect With a Quality Real Estate Agent

Your first step and one that will significantly ease your emotional turmoil is finding a superb realtor. You want someone who

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Selling a property involves many documents. Understanding what materials you require will help the process run smoothly. Those working with an agent may benefit from the escrow company assisting in retrieval. However, any home seller should be aware of the types of documents that are typically necessary to facilitate the expedient sale of a home. The required documents vary slightly depending on the state in which one owns a home. Other factors play a part, as well.

What Documents Are Useful?

Sellers who list their home for sale with an agent need to gather valuable information about their home. The necessary documents depend on various factors such as the type of community in which you live, the kind of property you own, and whether the buyer is

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When determining how the housing market will perform, the economy provides us with clues. With our economy moving in a positive direction, there is not much worry for a housing crisis, recession, or even a housing bubble. The GDP was 3.4 % at the end of 2018, the unemployment rate is 3.9 %, which is low, and 312,000 new jobs were created in December. With all the positive momentum of a strong economy, people may wonder if this is an opportune time to either buy or sell a house. Does this type of economy indicate a buyer’s or seller’s market? Let’s dive into this topic deeper to understand how economic issues affect the housing market.

Buy? Sell? Rent? Keep? card with sky background

Understanding the Difference Between a Buyer’s and Seller’s Market

When determining whether we are in a buyer’s

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As the New Year kicks off sellers may be feeling a little trepidation at what’s in store for them in 2019. With mortgage rates increasing and the housing market more tepid than last year, sellers may wonder if they need to revamp their strategy.

Housing experts predict inventory will increase, which means more homes on the market and fewer buyers vying for them. At first glance, seller’s may feel a bit of anxiety as they worry that their house will sit on the market longer. Economists say it’s still a seller’s market though, and with these seven tips in place, sellers can overcome challenges and see results.

Prepare to Win the Buyer

With the market trudging a bit slower than it was, you may see the number of buyers decreasing. This isn’t

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Putting your home on the market is a big step. You invest time, energy, and emotion trying to sell a home. Then when the listing expires without a sale, it’s more than disappointing. It can be frustrating. Whatever the listing agreement timeframe is for, you expect your house to sell. When it doesn’t, you may wonder what to do next. It may be time to take a step back and rethink some things.

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Before relisting your house again, take time to answer the seven following questions:

Am I Really Ready to Sell My Home?

This may sound like an odd question, but some people are not as motivated to sell as they think they are. Only you know what your reasons are for wanting to sell your home and just how motivated you are. If you want to sell your home

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Now that the New Year is rolling in, homeowners wonder what new design trends are hot for 2019. We checked in with some of the experts to find out what home designs will put your house in the top spot for the year. Here are trends that are sure to prompt remodeling dreams.

What’s Cooking in the Kitchen?

The kitchen is often the focal point of many homes. It’s the place where loved ones gather to enjoy home cooked meals and talk about their day. Homeowners want this room to be functional as well as attractive, and that is reflected in the 2019 kitchen trends:

  • A full-length backsplash takes center stage in the kitchen creating a wide-open, clean feel. You’ll see some of these in bold patterns adding interest.
  • Look for darker and warmer tones
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Selling a home means different things to different people. For some people, it means they are moving on to a new job and new location. For others, it may mean upgrading to a larger home because they outgrew their current home. Some people sell their home because they want to downsize; maybe the kids have grown up, got married, and a large house is too much to keep up. Whatever the reason for selling a home, everyone will go through a lot of the same steps. One of these steps is getting an inspection

A home inspection can bring anxiety to some homeowners because they don’t know what to expect. They may wonder if the inspection will indicate costly problems they didn’t know existed, or they may worry about the issues they do know about. How severe are

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Buying or selling your home is one of the most significant steps you’ll take. If you’re in the market for a new home, you want to make sure you find the best fit for your needs. For some people, this means finding the right house layout. For others, it means getting a particular neighborhood or proximity to quality schools. Still, others may find commuting options the most important factor when buying a home. Of course, you also want a payment that works with your budget.

A small cottage and a three-dimensional stack of hundred-dollar bills. symbol of a successful real estate business-1

If you’re selling a home, you want to make sure that you get a fair price and that the house doesn’t sit too long on the market. Selling your home at the right time is vital to maximizing your profit. These are some of the reasons for buying and selling a home can be fraught

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