Home Buyers
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Contact your Realtor first to talk about what your goals are for a new home. It is important to have a timeline and home search criteria in mind. After that, it is important to get a pre-approval from your lender so that you have a budget to work with, and are prepared to write an offer when you find the right home.
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The answer to this can vary from person to person depending on your goals and what you want. The cost of each can depend on the location you are in and the specific features your are looking for in a home. What I can tell you is that when you are renting, you are essentially paying 100% of someone else’s mortgage. I would be happy to have a conversation with you individually to discuss the differences between buying a home and renting.
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Typically, no. It is most common that the seller covers the commission for both the listing agent and selling agent out of the home sale proceeds. Make sure to consult your Realtor to see if there are any fees involved in the transaction.
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Yes! Before you make any large or non-typical purchases during the buying process, call your lender to make sure the purchase will not affect your approval.
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Yes, I recommend a private inspection to all of my clients. A passing city or FHA inspection is a great start, but is not as thorough as a private inspection and does not cover all of the same things.
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Several factors affect this, but an average is 30 days. Depending on the type of financing you are using, title work, and appraisal, this can sometimes be longer or shorter.
Frequently Asked Questions
Home Sellers
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We have the full ability to list a few days after initial contact, but if you know you are considering a move, it is advantageous to contact your Realtor several months before planning to list to discuss the process and begin planning.
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This depends on the market conditions of when you list, how you price your property, and how it is marketed. We will discuss average days on market when initially going over a market analysis with you.
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There are a variety of closing costs associated with every real estate sale. The main closing costs for sellers in Michigan are state and county revenue tax, real estate commission, title insurance policy, escrow for final water reading, any remaining mortgage payoffs, and recording/compliance fees.