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Entries Tagged as 'macomb county MI'

The most frequently asked question in the last month by Macomb County MI home buyers:

May 5th, 2010 · No Comments · fha mortgages and first time home buyers, macomb county MI, tips for home buyers

“Is there any down payment assistance anymore” or some version of this question.
Yes, there is. MSHDA, administered by the State of Michigan, has funds available to lend down payment & closing cost assistance.  If you click on the link highlighted above it will take you to the FAQ provided by the state to the program [...]

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Making an offer on a HUD home? Here’s how to protect yourself before you close on it.

February 23rd, 2010 · No Comments · macomb county MI, tips for home buyers, tips for purchasing a foreclosure

A few days I wrote an article about the National Association of Realtors® taking
a stance and adding to their Standards of Practice the verbage “don’t give out the
lockbox code!”.   While reading and commenting it reminded me of something
that is taking place with HUD owned homes:   The locks are re-keyed with the
same HUD key being able [...]

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Another change to the home purchase process

May 10th, 2009 · No Comments · Appraisals in Macomb County MI, macomb county MI

One of the new changes to the process that occurs during home buying has been implemented:  HVCC - the Home Valuation Code of Conduct - went into effect on May 1st of this year.
If a home buyer is using a conventional mortgage (not FHA or VA) the appraisal that is ordered will now be subjected [...]

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If I ask if you are working with an agent there is a reason for my question..

March 31st, 2009 · No Comments · first time home buyers, macomb county MI, tips for home buyers

…and the reason I ask is that I’m not just being nosey.
I know callers can be put off by that question but there is an honest to goodness  reason why I ask if you have an agent that is working for you.  It’s called buyers agency and in Michigan for quite some time agency relationships [...]

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We’re all in the same boat

March 17th, 2009 · No Comments · macomb county MI, macomb county mi real estate market

I’m not ashamed or embarrassed to admit to my callers that my home has also lost value (what an understatement) nor that my husband and I would love to move to a condo in Macomb County but would not be able to sell our home in this market.
Sometimes when I hear the stories from you [...]

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“Tagged” homes in the City of Warren (Macomb County MI) - what you need to know to purchase the home.

March 5th, 2009 · 4 Comments · first time home buyers, macomb county MI, tips for purchasing a foreclosure, warren MI

If you’ve viewed homes for sale in the city of Warren lately you’ve probably come across some that have this notice taped to the window or the door:

When I’m out and about showing homes to buyers I’m seeing more of them on vacant homes.   (Most of the vacant homes have been foreclosures or bank owned [...]

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The first time home buyers tax credit - revised explanation

February 20th, 2009 · 4 Comments · Tax credit for first time home buyers in Macomb County MI, first time home buyers, macomb county MI, tips for home buyers

When the Economic Stimulus bill was signed by President Obama it contained a revision to the 1st time home buyers tax credit.
2 key points: The credit is now worth up to $8000 and it does not have to be paid back unless you sell the home within 3 years of the purchase.
Please click [...]

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It’s about darned time! (Short sale addendums for purchase offers)

February 12th, 2009 · 1 Comment · macomb county MI, short sale advice in Macomb County MI, tips for home buyers, tips for home sellers

I am overly excited this morning about something that is probably not going to mean alot to many people - yet - but  will mean more clarity to those who are considering purchasing a short sale home in Macomb County.
First, exactly what does it mean when you see a home and it is advertised as [...]

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Will you qualify for the $7500 first time home buyers tax credit?

December 13th, 2008 · 4 Comments · first time home buyers, macomb county MI, macomb county mi real estate market, tips for home buyers

There has been so much talk in the last few months about the buyers market in Macomb County, as well as mortgage programs that have gone by the wayside, that the $7500 tax credit for first time home buyers has fallen under our radar.
This past Wednesday I received a call from a young lady who [...]

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Condo sales in Macomb County MI - still slow, but oh so many to choose from!

December 11th, 2008 · No Comments · fha mortgages and first time home buyers, macomb county MI, mortgages in michigan, sterling heights, tips for home buyers

One of the areas that has been hit hardest in this buyers market in Macomb County is the condo market.  So many to choose from and those on the market are taking much longer to sell.
The good news? Interest rates are fabulous, and most condos in our area qualify for FHA or VA financing.  (If [...]

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.