Mortgage definitions Escrows or escrow account – The easy explanation for escrows is a required savings account for property taxes and homeowners insurance (required by the bank). When a Michigan home buyer gets a mortgage they are sometime required to have escrows or …
So What is a comparative market analysis (CMA)? We Realtors use them to help Metro Detroit Michigan sellers and buyers determine the values of their homes. Is a comparative market analysis give the true or absolute value of a home? NO Just like an appraisal a CMA is only a professional opinion …
Comparative market analysis (CMA) Metro Detroit real estate explanations Read more »
Comparables – You are buying Northville real estate and your Realtor says he will check the comparables for you. What does comparables mean? A comparable is sold homes that are similiar to yours. A good comparable is: very close in location to the subject property. In the …
Metro Detroit condos have become very reasonable. In some instances you can find Northville Condos, Livonia condos,or Westland Condos for as little as $50 a square foot. I know that to be a fact because I have helped three different clients find bargains in …
Negotiating tips How much do you pay for a piece of Metro Detroit real estate? How do you decide what to pay? The worst thing you can do is to just throw out a number. Here are seven criteria to look …