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Macomb County MI real estate blog

Entries Tagged as 'tips for home buyers'

Wow. I just read a blog article written by a home inspector, and I am dumbfounded.

December 29th, 2011 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county MI, tips for home buyers

Edited January 12th , 2012.   The author of the article referenced below has decided to take his blog article down.  I am thankful he did that, since he didn’t allow any comments on his blog to address the outrageous claims he made in a public manner.
Perhaps dumbfounded isn’t the right word.  Outraged.  Incredulous.  Shocked.  Saddened. [...]

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“You mean I am financing my closing costs?” What it really means when you ask for sellers concessions on your home purchase

October 29th, 2011 · No Comments · Buyers agency, fha mortgages and first time home buyers, tips for home buyers

One of the most confusing aspects of the purchase process for home buyers is sellers concessions. They’ve heard their mortgage lender mention it, in lieu of the buyers needing to bring to closing all of their closing costs, pre-paids, etc.    It’s also been discussed with their buyers agent during the process and [...]

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One of those “just when I thought I heard it all…” moments while showing a house in Macomb County

September 2nd, 2011 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers, tips for home sellers

Several months ago I read an article written by another real estate agent (in another part of the country) about an incident she had while showing homes to a  young buyer couple. The house was empty (the sellers left for the showing) and the buyers looked at the home thoroughly, even though they really [...]

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Low-ball offers and how they can affect your purchase of a Macomb County MI home..

August 3rd, 2011 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers

I’ve heard it so often that I cringe each time I hear it from a potential home buyer: “So-and-so told me to never offer more than 50% of the list price” or some version of that sentence.

My response? If the homes list price is double what the market value is, then by all [...]

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Buying a foreclosure or bank owned home using FHA? What you need to know about FHA (or VA) repairs

June 6th, 2011 · No Comments · Appraisals in Macomb County MI, fha mortgages and first time home buyers, tips for home buyers, tips for purchasing a foreclosure

One of the most frequent issues that I run in to while representing a home buyer in my area (Macomb County, St. Clair County, Oakland County) is the fact that so many homes are foreclosures (bank owned) and my buyer clients are using an FHA or VA mortgage.
FHA has what I term “health and safety” [...]

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Have you been seeing all the “Fannie Mae Homepath Renovation..” notations on Macomb County homes for sale listings?

April 27th, 2011 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

If you’ve been searching all of the homes for sale databases in Macomb County (or the tri-county area) then I’m sure you’ve been seeing many listings of homes that are Fannie Mae held foreclosures.   One of the nice features of these foreclosures is that many of the homes are approved for a Fannie Mae renovation [...]

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Purchasing a foreclosure in Macomb County and the utilities are disconnected?

April 10th, 2011 · No Comments · tips for home buyers, tips for purchasing a foreclosure

More often than not, when a home is bank owned the utilities to the home have been turned off.   I would venture to guess that in the Macomb County MI area 75% of the foreclosed homes are without electricity, gas or water.
Pre-planning when writing your offer to purchase the home and estimating closing and inspection [...]

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HUD homes in Macomb County - changes to incentives and a new website

March 14th, 2011 · No Comments · tips for home buyers, tips for purchasing a foreclosure

HUD has changed its asset manager in Michigan, as well as the incentives they used to offer. (Much of last year there was a $2500 bonus to HUD home buyers that could be used to help pay for their closing costs.)   This is no longer available, so anyone thinking of purchasing a HUD home in [...]

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Here we go again..multiple offers, homes selling before you can see them, and it goes on and on. Buying a home in Macomb County? Be prepared to make a quick decision!

March 10th, 2011 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

I didn’t think it would happen during this time of the year (lousy weather, people not anxious to move in the winter, etc) but nothing should surprise me anymore.

My buyer client sent me a list of 6 homes that she would like to view tomorrow, and when I pulled up the 6 homes only 1 [...]

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Foreclosures selling quickly in Macomb County? Not much has changed since 2008

February 27th, 2011 · No Comments · Buyers agency, tips for home buyers

(I wrote this article in 2008, and a recent email inquiry from a prospective foreclosure purchaser reminded me of it.  Not much has changed since 2008…)

A phone call the other day illustrated to me once again how quickly our real estate market here in Macomb County is changing.
The gentleman who called told me that he [...]

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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.