What is PMI?
PMI- Private mortgage insurance. What is PMI – it is insurance most lenders require when Metro Detroit home buyers borrow more than 80% of the purchase price of the home. The borrower pays the insurance premium each month when they …
Category: Buyer Tips
What a great day in the Metro Detroit real estate market
We got an offer accepted on a Novi home today. What is special about getting this offer accepted on this Novi home is that is has taken us one year to get it done. A year ago l met with this young …
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What to do after your offer is rejected?
Your offer has been rejected on the Metro Detroit real estate that you wanted. The listing was over priced and you knew it, but you wanted to see if they would come down to where it should be. Well they …
I want to buy a Metro Detroit home but I have one to sell
If you live in Southeastern Michigan and have Metro Detroit real estate to sell my advice is: Don’t buy a home until you sell your home. Metro Detroit Homes are taking 6 months to a year and a half to sell. …
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Writing a Lowball offer on Metro Detroit Real Estate
How low do you go when putting in a lowball offer on Metro Detroit Real estate? Well it depends. Here are some of the factors you should look at. How long has the Metro Detroit home been on the market? …
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