What is earnest money?
I recently has a Metro Detroit first time home buyer ask “What is earnest money?” Earnest money is basically good faith money. When you write a purchase agreement on a home in Northville Michigan the seller will want you to …
Category: First time home buyers
Novi Foreclosures as of 3-15-13
Not only is the amount of Novi foreclosures going down but these three items are reducing the remaining number of foreclosures that are hitting the Metro Detroit real estate market: Short sales – There are more short sales being completed so those homes never become Metro Detroit foreclosures. Sheriff sales …
Orchard Lake Foreclosures as of 3-6-2013
Orchard Lake is a wonderful area to live and work in. Currently, there are no foreclosures on the market listed with a Realtor which may be due to the extension of the Mortgage Forgiveness Debt Relief Act, which allows the forgiven debt …
Bloomfield Twp Foreclosures as of 2-28-13
Some Bloomfield Township 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 check it …
Why should you buy, instead of rent? Livonia home buying tips
Why should you buy, instead of rent? Livonia home buying tips A home is usually the biggest investment you make in your life. The equity and the value of your home is one of your biggest assets later in …
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