Plan for the long term – Farmington Hills home buyer tips
| If you are only looking to stay in a home for 2 years then I probably would not recommend buying a home. Why I say that is: that the costs of moving into a home, making it liveable, taxes, insurance costs, and then the costs of selling it may be a losing proposition. Yes you heard it here. I am a real estate agent saying DO NOT buy. Do not buy for the short term. A Farmington Hills home purchase should be for a 4+ year plan. The days of rapid appreciation is gone in the Metro Detroit area. Yes Metro Detroit home prices are going up. But there are costs to maintain a house, taxes, and the costs to sell a home. Remember you will have tobuy a sellers title policy, pay transfer taxes, and pay real estate commissions. Those items along with your expenses to maintain the home will most likely eat up any increase in value of your home. So if you are a first time home buyer don’t expect to make a killing in your first Farmington Hills home. Your home can be the biggest financial investment you make in your life if you pay down the mortgage and do not use your home as a bank. Bottom line is: Plan for the long term of 4 years plus to make your home purchase a sound purchase. Of course you might get lucky and get a steal and home prices shoot up. I do not have a crystal ball and you can never say never but play it safe and plan for the long term. Mayflower Village Subdivision Plymouth MI Tipsico Lake Livingston County MI I just don’t understand people sometimes Maple Hill Subdivision Northville Twp MI Search Farmington Hills foreclosures and homes
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