Oakland County, MI Real Estate News

By Robert Harrell - Realtor®
(Real Estate One)
Downsizing is one of the easiest ways to get the most out of your real estate investment. Downsizing to condominium living means new opportunities for empty nesters as they move forward to their next stage in life—of renewed independence and personal time while creating a profitable sale from their previous home. Downsizing Real Estate for Empty Nesters in Waterford, MI Downsizing is a major life event that many people go through. The decision to do so can be daunting, especially if you have been living in your current home for a long time. Watching your kids go to college or chase after their dreams can be the most fulfilling aspect as a parent. It means, though, that a large and empty home is left behind. If you’re an empty-nester, there are many reasons why downsizing could make sens...
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By Robert Harrell - Realtor®
(Real Estate One)
Before moving to condo living, baby boomers need to know if their new neighborhood will provide them with accessibility and convenience. Access to health care, recreation, social activities, should be at the top of your mind. It's crucial to consider how easy it is to "move around", but also the convenience of amenities that are significant to increase one's quality of life. For baby boomers who want to access services, condo living is a great alternative. They provide a sociable and connected lifestyle, as well as superior security and minimum maintenance, at a lower cost than many other housing options. While their previous homes may have had walls between the living, dining, and kitchen rooms, many baby boomers like the hipper open layouts that don't simply encourage everyone to go t...
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By Mark Maupin See Blog Free Investors Training, National Real Estate Investors Network Host
(National Real Estate Network, LLC)
Job Description for Office SecretaryWhite Lake Presbyterian Church SummaryThis is a part time position (6-10 hours per week) reporting to the Pastor and the Session of White Lake Presbyterian Church.  The Secretary will perform office administration duties, and be the “face” of the church to the congregation, guests, other church entities and members of the community. ResponsibilitiesCommunication Greet individuals who call or come to the church, and address their needs as appropriate. Represent the church in a positive manner to all who interact with the church office. Answer phones and retrieve messages. Open and distribute mail; respond to correspondence and messages as directed. Maintain the church electronic sign board, white board, and bulletin boards. Prepare and disseminate writ...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Here are the three most expensive lake houses in Oakland County MI.   Whether you are looking for a luxury lakefront estate or just a small weekend cottage we can help.  Check out the 4 lake houses below or email me at yesmyrealtor@gmail.com to get a list of lake homes that fit your criteria.                 1675 Rochester Road, Addison Twp 48367 Price: $425,000             $/SF: $162.21 MLS#:   Residential Status: ACTV Summer Tx: $4,722 County: Oakland Stat Dt: 03/18/20 Winter Tx: $1,343 School Dist: Oxford Beds: 3 Baths: 2.0 Assoc Fee:   SubDiv:   Sqft Abv: 2,620 Yr Built: 1951 MLS Area: 02051 - Addison Twp Grg Size: 2 Car Basement: No Architecture: Quad-Level Water: Well-Existing Style:  Split Level Heating: Baseboard Acreage: 0.28 Sewer: Septic-Existing Water Fac: Lake Front, Lake P...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
If you have been looking for a lakefront home in Bloomfield Township or Bloomfield Hills because of the easy access to work then check out these 3 beautiful waterfront homes for sale in Bloomfield Twp.  After you look at the listings and think you have an interest give me a call at (248) 310-6239. On these homes the sellers are requesting you have your pre-approval letter ready or your proof of funds letter ready.  The sellers only want qualified buyers going through their home.                                           3950 FRANKLIN Road, Bloomfield Twp 48302 Price: $4,199,000             $/SF: $491.69 MLS#:   Residential Status: ACTV Summer Tx: $24,158 County: Oakland Stat Dt: 07/13/20 Winter Tx: $23,560 School Dist: Bloomfield Hills Beds: 5 Baths: 6.3 Assoc Fee:   SubDiv: SUPRVR'S PL...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Let me tell you real estate transactions are not always smooth.   Whether it is an Oakland County Lake home or a Wayne County colonial some real estate transactions can sometimes be trying.  The majorit of real estate transactions do go as planned.  But there are many little things that can go sideways.  It's not like the buyer, home inspector,  appraiser, or the mortgage lender are trying to sabotage the deal.  That is one of the biggest misconceptions that sellers make.  They automatically assume the buyer or somebody is trying to kill the deal.  That is so untrue.  As an agent I have to tell some sellers that over and over that the buyer is not trying to kill the deal.  The majority of buyers are trying to buy the house.  They are not trying to throw up obstacles.If you as a seller c...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Has COVID-19 Made Homebuyers More Eager to Buy?  The coronavirus pandemic doesn’t seem to be scaring off U.S. home buyers.  According to a recent survey done by LendingTree, more than half (53%) of 1006 prospective homebuyers surveyed said they were more likely to buy a home within the next 12 months. The survey showed that first-time homebuyers (73%) and millennials (66%) may be the most eager to buy within the next year. Motivating factors were the ability to save a larger down payment because of reduced spending (32%) and taking advantage of record-low mortgage rates (67%). In a recent study from OJO Labs, 200 homebuyers were surveyed who had planned to purchase a house within six months before the COVID-19 outbreak. 45.6% of shoppers said they are motivated to expedite their moving ...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The Benefits of a Virtual House Tour When Selling Your Farmington Hills MI Home – Most traditional open houses are on hold, and in-person home showings are limited, as people practice social distancing to help stop the spread of COVID-19.The pandemic has accelerated the demand for remote accessibility as home sellers have had to pivot to technology and virtual methods in order to sell their Farmington Hills MI homes and properties. With gatherings of more than 10 people prohibited across most of the U.S., real estate agents have been forced to cancel open houses. But many are using tools like FaceTime or Zoom to host live virtual open houses so they can show potential buyers around a home.Virtual tours in real estate are nothing new. For at least a decade now, some form of the technolog...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Before the pandemic hit this year, we were heading toward a busy spring season with strong economic indicators and buyers vying for a limited supply of homes. But with the pandemic sweeping across the country, we are now forced to reassess the year ahead.According to realtor.com’s Chief Economist Danielle Hale, “COVID-19 has really dramatically changed the way the housing market is going to perform this year. We started off with the potential for the best year in more than a decade for sales. But we’re going to see ups and downs as the market grapples with an unsteady economy. This will affect buyers and sellers across the board.”The amount of home sales has fallen over the past couple of months as the pandemic has caused many people to reevaluate their original plans to buy, sell, or p...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to contain the global COVID-19 pandemic.But according to recent data from Realtor.com, there is one statistic that should give homeowners (especially potential sellers) some comfort—home prices still appear to be on the rise. In the week ending April 25, the median home list price ticked up by 1.6% annually, compared to one year ago. The data comes from the 99 largest metropolitan areas.To be sure, price growth was higher a few months ago, when prices were rising by over 4% prior to the lockdown. Bu...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The coronavirus is completely changing the real estate industry, and stay-at-home orders have presented unique challenges for buyers. Not only are they unable to tour properties in person, but, in some areas, they also can’t walk around the neighborhood and get a feel for whether it’s the kind of neighborhood they want to call home.But just because you can’t explore an area in person right now doesn’t mean you can’t get a feel for a potential neighborhood—and whether it’s the right fit for you, your family, and your new home.A recent article from realtor.com outlined strategies buyers can use to “test drive” a new neighborhood while they’re sheltering in place, including: Check out local publications and social media. Many neighborhoods have their own newspapers, magazines, or other pub...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
First-time Homebuyers: Can I Still Buy a House in Oakland County MI During Covid-19? – If you are a first-time homebuyer and were in the market to buy a home in Oakland County prior to the COVID-19 crisis, the situation has more than likely affected your original gameplan.It’s one thing to have never bought a house before and be in unfamiliar territory. Throw in a pandemic and the situation is now moved into deeper uncharted waters, even for the most seasoned buyer.The COVID-19 situation has derailed millions of folk’s financial plans including buying property. But it doesn’t have to be that way. If you were still hoping to purchase a home soon, you probably have a lot of questions like whether it’s even possible to buy a home now or tour a house, or how the pandemic has impacted home p...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
With the COVID-19 pandemic causing uncertainty in the economy and housing market, some Farmington Hills home sellers are asking themselves: “should I sell my home right now or should I wait?”  Some sellers are choosing to wait it out in hopes that the situation will improve in the coming months.Not everyone, however, has the luxury to take the wait-and-see approach due to job relocation,  growing family needs, facing a different financial situation, or some other personal reason. Although selling a home now and in the near future is going to look a lot different than it did only a few months ago, people haven’t stopped selling houses altogether and real estate transactions are still moving forward. Many sellers are still listing their homes, and buyers are still buying them.In late Marc...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Fannie Mae & Freddie Mac are extending help to millions of homeowners facing financial hardships as a result of COVID-19. Both Fannie Mae and Freddie Mac help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy such as the current COVID-19 pandemic.Nearly half of the nation’s mortgages are owned or backed by Fannie Mae or Freddie Mac.The swift wave of unemployment and financial hardships from furloughs, reduced wages, and commission cuts have left many homeowners worried about how they will make their mortgage payments in the coming months, but relief options are available.If you are unable to make your mortgage payment, it’s important to call your lender as soon as possible. That said, r...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The COVID-19 pandemic has brought much of the country to a screeching halt. But, just because people are stuck at home doesn’t mean your home sale has to come to a screeching halt, too. You can sell your home in the midst of this challenging time—as long as you’re safe.Now more than ever, it’s important for home sellers to be flexible with shifting market dynamics. While some sellers are deciding to pull their homes off the market during the COVID-19 crisis and try to sell at a later date, that may not be an option for everyone.If you are planning to move forward with selling your Farmington Hills home during the COVID-19 pandemic, there are some things you can do differently during this current market while keeping everyone involved as safe and healthy as possible A recent article from...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Moving Safely During The Coronavirus Outbreak  – Moving can be stressful during the best of times, but when you add a global pandemic to the mix, the task can be even more of a challenge. While social distancing is the course of action to take until told otherwise, moves aren’t always something that can wait. Maybe the home you own was recently sold or you just closed on a new home or you have to relocate for a new job.For whatever reason you have to move right now, moving companies are still able to help you as an “essential business” and they are taking a range of precautions to ensure your move is easy and safe. If you are working with a traditional moving service, make arrangements by phone or online, and be sure to ask what sanitation practices their movers are following to reduce ...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The global COVID-19 pandemic has affected life across the globe. Strict social distancing measures, school closures, and, in many locales, a ban on all non-essential businesses have turned people’s lives upside down and thrust us into a surreal existence where we’re spending nearly all of our time at home.From a real estate perspective, it would be disingenuous to say that nothing has changed. Great agents are honest at all times, even (especially) when it’s difficult.That said, there’s no indication that we’re in (or headed toward) a housing crisis like the once-in-a-century 2008 collapse. And, by all accounts, the fundamentals of the housing market remain in place, despite the safety precautions enforced by health and government officials.The following list may help you better underst...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Now more than ever, it’s important for home sellers to be flexible with shifting market dynamics. While some sellers are deciding to pull their homes off the market during the COVID-19 crisis and try to sell at a later date, that may not be an option for everyone.If you are planning to move forward with selling your Farmington Hills home, there are some things you can do differently during this current market while keeping everyone involved as safe and healthy as possible.Prepping Your Home to SellRather than spend your time going stir crazy from isolation and social distancing, use this downtime as an ‘opportunity’ to prep your home to look its best. Organize, clean, declutter, and prepare the inside of your home for the showings that will come.Also, finish any DIY jobs such as replaci...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
A recent article from realtor.com outlined key strategies for keeping your home germ-free during the coronavirus pandemic, including: Kill germs before they enter your home. Leave cleaning supplies at your front door and disinfect everything before you bring it into the house. Immediately remove and wash your clothes. The coronavirus can live on fabrics. If you go out, make sure to immediately remove your clothes when you return home—and then wash them in the warmest possible water. Focus on high-touch surfaces. It’s impossible to keep every inch of your home 100% clean, 100% of the time. Instead, focus on keeping high-touch surfaces (like doorknobs, light switches, and remote controls) clean to stop the spread throughout the rest of your house. Wash your hands and phone when you get in...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The coronavirus pandemic is causing uncertainty across the nation—and for many, that includes financial uncertainty.Luckily, there are options for homeowners impacted by the coronavirus. In a recent statement, Mark Calabria, Director of the Federal Housing Finance Agency (which regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks) called attention to options homeowners may have if they struggle to pay their mortgage during this time of crisis.“To meet the needs of borrowers who may be impacted by the coronavirus, Fannie Mae and Freddie Mac (‘The Enterprises’) reminded mortgage servicers that hardship forbearance is an option for borrowers who are unable to make their monthly mortgage payment,” Calabria said in the statement. “For borrowers that may be experiencing a har...
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