The mortgage pre-approval process If you want to buy a Metro Detroit home and have to get a mortgage the seller’s agent will require you to have a pre-approval letter. Just what is a pre-approval letter and why do you need one? The seller and …
Everybody wonders what they should be bidding on a house. One of the best ways to determine what the house is worth is pull all the recent sold homes. First in the neighborhood, then the city or township on then …
The Metro Detroit home inspection process Depending on the other agent’s requirements and whether the home is empty I don’t like to be at the home inspection unless necessary. If I am going to be there I will be reading or on …
Metro Detroit foreclosures Some Metro Detroit foreclosures are in bad shape. Such bad shape that banks won’t loan on them. You see when you get a mortgage you have to have an appraisal. The appraiser is going to come into the home and …
Buying a Metro Detroit foreclosure is easy. But it does have a few pit falls. “As is” Banks are selling the home as is. What that means is… what you see is what you get. The bank is not going to …