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Oakland County, MI Real Estate News

By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Are you thinking about Holiday Home Selling in Oakland County? It’s a fantastic choice, and here’s why. I’m Tom Gilliam, a seasoned real estate professional with RE/MAX Classic, and I’ve guided many homeowners through successful holiday sales. The holidays are often seen as a time for family and celebration, not for real estate. But this common belief hides an unexpected truth: it can be the ideal period to sell your home. Fewer listings mean less competition, and the festive atmosphere creates an emotional appeal that resonates with buyers. Moreover, people looking to buy during the holidays are often serious about making a decision. They might be relocating for a new job in the new year or looking to make a fresh start. This urgency can work in your favor. Over the years, I’ve develop...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The real estate market, in Oakland County provides a range of options to suit types of home buyers. Whether you’re a first time homeowner or looking for luxury properties there’s something for everyone. It’s important to understand the needs and preferences of each group when considering a home purchase in this area.Areas such, as Farmington Hills, Novi, Northville, West Bloomfield, Wixom, Commerce and Royal Oak each have their charm and appeal. They offer a variety of lifestyles ranging from communities to tranquil and upscale neighborhoods. Whether you’re in search of a starter home, a property with plenty of room to grow or an elegant residence that exudes luxury my goal is to connect you with the place to call home.If you’re considering selling your property in Oakland County this i...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Welcome to the dynamic world of house hacking in Oakland County, Michigan!  Being a seasoned realtor with extensive experience in areas like Farmington Hills, Novi, Northville, and others. This comprehensive guide dives deep into the profitable strategy of house hacking, a method revolutionizing the real estate landscape. Discover more about Oakland County on the official county website.Understanding House HackingHome hacking is an innovative real estate strategy involving purchasing a property, residing in one unit, and renting out the others. This method can drastically reduce your living expenses and build substantial equity. It’s essential to grasp the legal framework in Michigan, so check out the state’s real estate laws and regulations.Why Home Hacking in Oakland County?Oakland Co...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The average age of home buyers seems to be changing from what we thought. Recent studies indicate that the average age of home buyers is actually 49 years old which is quite surprising. This shift, in demographics has implications for the real estate industry particularly when it comes to marketing and selling homes. In this blog post we will explore the reasons behind this trend. Discuss how it affects buyers, sellers and real estate professionals. Whether you are looking to buy or sell a property understanding this shift is crucial.Interestingly out of home buyers 59% were couples while 19% were single females 10% were single males and 9% were unmarried couples. This diversity among buyers represents the percentage of couples since 2010. Additionally first time homebuyers accounted fo...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Celebrating Thanksgiving in Oakland County, Michigan, where we come together to appreciate the things we’re grateful for spend time with family and honor the traditions that make this area so unique. As we approach Thanksgiving 2023 there’s a sense of excitement in the air. There are events happening that truly capture the essence of this season.Oakland County, located in the heart of Michigan undergoes a transformation as Thanksgiving draws near. The streets become adorned with amber leaves filling the air with the delightful aroma of pumpkin spice. Homes are beautifully decorated to mark this season of gratitude and togetherness. Thanksgiving here isn’t about indulging in meals; it’s also a celebration of the enduring bonds that bring our community together.In Oakland County every cor...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
IntroductionMastering the Oakland County Real Estate Market in a High-Interest Rate EnvironmentThe Oakland County real estate market in Michigan is a dynamic and thriving industry. However, understanding the impact of high-interest rates on the market is crucial for both buyers and sellers. In this article, we will delve deeper into the significance of comprehending these rates and explore strategies for navigating the high-interest rate environment in Oakland County. By mastering these strategies and staying informed about market trends, individuals can make informed decisions and achieve success in the real estate market.The real estate market in Oakland County is influenced by various factors, one of which is interest rates. When interest rates are high, the affordability of homes an...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Holiday Events Farmington Hills 2023: Celebrate in StyleIntroduction: Unforgettable Holiday Events in Farmington Hills Michigan 2023The holiday season is a time of joy, celebration, and togetherness. In Farmington Hills, Michigan, the community spirit shines brightly with a lineup of exciting holiday events in 2023. These events not only bring smiles to faces but also create lasting memories for families and friends. From festive markets to enchanting winter wonderlands, Farmington Hills offers a diverse range of activities and attractions for all ages. Let’s explore the magic and wonder of the holly days happening in Farmington Hills in 2023. With the addition of fun activities, such as live music, face painting, crafts, food trucks, and giveaways, the annual celebration at Heritage Pa...
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The Benefits of Selling Your House in a Low Housing Inventory Market: Higher Prices, Increased Competition, and Expert GuidanceHow does the level of housing inventory affect the real estate market?The level of housing inventory directly impacts the real estate market. When inventory is low, it creates a seller’s market with higher prices due to increased competition among buyers. On the other hand, when inventory is high, it becomes a buyer’s market with more options and potentially lower prices.Introduction: The Perks of Selling Your House When Inventory Is LowSelling a house when inventory is limited can offer several advantages for homeowners, including those who are hesitant to sell due to high mortgage rates and higher interest rates. In the last year, mortgage interest rates avera...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Seize the Opportunity: A Comprehensive Guide to Successfully Selling Your HouseIntroduction: Thinking About Selling Your House? Buyers Are an Opportunity You Don’t Want to MissSelling your house is a significant decision that requires careful thought and planning. The emotional aspect of parting with a beloved home can be addressed through staging, while hiring a real estate agent can provide valuable expertise and guidance throughout the selling process. Setting a realistic asking price is crucial for attracting potential buyers, and negotiating the sale price is an important part of the selling process. Timing your home sale strategically and showcasing your property through appealing listing photos are key to attracting potential buyers. It's also important to be aware of insurance a...
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By Wendy & Greg Kime, Plymouth MI Real Estate Experts
(Kime Realty)
NEW LISTING! 31210 Country Way Condo For Sale\Wow! This Ranch-style condo has been beautifully renovated from top to bottom! 31210 Country Way Condo For Sale. Check out this north Farmington 3-bedroom condo nestled within the highly desirable Crosswinds Condo Community. It offers a private, fully enclosed entry with a deck and an area for outdoor entertaining and relaxing. The detached 1-car garage is a big bonus. The bright and spacious family room features a cozy fireplace and an open rail staircase. Great opportunity – immaculate condition with immediate occupancy. Premium end unit location with only one common neighbor. Ample front yard space.As you step through the front door of 31210 Country Way Condo For Sale, you will be greeted by a bright and inviting living room with streams ...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Are you considering buying a spec home but have questions about the process? Don’t worry; you’re not alone. Many buyers are unsure about what a spec home is, how to finance it, and what to consider before making a purchase.Here, we’ll answer some of the most common questions about buying a spec home. Whether you’re a first-time buyer or looking to expand your property portfolio, we’ll provide insights to help you make informed decisions.Key Takeaways Buying a spec home is a popular option for buyers who want a move-in ready property at a lower cost. Before purchasing a spec home, it’s essential to consider factors such as location, builder reputation, and the specific features of the property. Financing a spec home differs from traditional mortgages, and it’s important to research and u...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Downsizing Your Home in Oakland County MI Right for You?Are you considering downsizing your Oakland County home? Downsizing is a popular trend among homeowners looking to simplify their lives, reduce expenses, and unlock new opportunities. But before making the leap, it’s important to weigh the pros and cons of this lifestyle change. In this blog, we’ll explore the concept of downsizing and why it might be a good idea for you. We’ll also discuss the financial benefits of downsizing, including increased cash flow and savings, as well as potential lifestyle benefits such as reduced maintenance and an improved quality of life. However, we’ll also delve into some potential cons to downsizing in Oakland County so that you can make an informed decision about whether or not this is the right c...
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By Wendy & Greg Kime, Plymouth MI Real Estate Experts
(Kime Realty)
32004 Alameda St., Farmington Hills, MI 48336JUST SOLD! After generating over 130 showings and 30 offers on this property located at 32004 Alameda St Classic Colonial in Farmington Hills, this wonderful home sold for 123% of the list price at $370,000. 2080 square feet, 4 bedrooms, 2.5 bathroom single family home. Farmington Schools. Original owner - built in 2004. Enjoy nature and wildlife on this peaceful wooded lot. The interior shows like new, it has been completely repainted. Enjoy large living spaces on the entry level. The gourmet kitchen includes expensive raised-panel maple cabinets, a countertop extension/bar, recessed lighting, and a full complement of stainless steel appliances. The door wall located in the dining room features beautiful views of the backyard. The family roo...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Are you a frustrated home buyer in Oakland County, Michigan? You are not alone. The housing market can be a challenging and daunting landscape to navigate, especially when it comes to forclosures. From lack of affordable options, to limited inventory in desirable areas, high competition, and a challenging loan approval process, there are many hurdles that can make the home buying process frustrating for home buyers in Oakland County. Home sale prices in metro Detroit are up 8% over last year, according to the latest RE/MAX of Southeastern Michigan housing report. But don’t worry, help is here! In this blog post, we will delve into the reasons behind these challenges and provide actionable garden tips to help frustrated home buyers overcome them, including how to navigate the impact of r...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
What are beige flags when it comes to buying a home?Beige flags are subtle warning signs or indicators that may not be as alarming as red flags but still warrant caution when buying a home. These can include minor cosmetic issues, outdated fixtures, or signs of poor maintenance, which may indicate potential larger problems that need to be addressed.Buying a house can be a daunting experience, especially if it’s your first time. It’s easy to get caught up in the excitement of finding your dream home. But sometimes, it’s important to take a step back and recognize the subtle signs that may indicate potential issues down the road. Enter “beige flags” – those warning signs that aren’t quite red flags but still warrant attention. In this blog post, we’ll dive into what beige flags are, how t...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Selling your house and receiving multiple offers can be exhilarating. However, even in this favorable scenario, it’s crucial to recognize that unexpected factors may arise. Let’s explore the 10 surprising experiences you may encounter when navigating multiple offers when selling your Oakland County, Michigan house. Decision Overload: Managing numerous offers can lead to a dilemma in choosing the right one. Each offer comes with unique terms, conditions, and benefits. Emotional Rollercoaster: Despite having options, the decision-making process can be emotionally taxing. Balancing offers and making the best choice for your plans can be challenging. Negotiation Frenzy: After selecting an offer, negotiations might continue as buyers counter your terms. Intense back-and-forth negotiations ca...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
As Labor Day approaches, seize the golden opportunity to embark on a journey through remarkable real estate opportunities in the picturesque landscape of Oakland County. With heartfelt appreciation, I extend my gratitude to the cherished clients who have not only entrusted me but also accompanied me on this incredible journey. From the inviting neighborhoods of Farmington Hills to the modern allure of Novi and the timeless charm of Northville, your unwavering support has made this venture possible, enriching communities and lives along the way.On this special Labor DayAs we collectively celebrate the significance of hard work in shaping our great nation, I extend a warm and heartfelt greeting to all who have contributed to the fabric of our society. It’s a time to reflect on the dedicat...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
In the cutthroat world of real estate, homebuyers are constantly seeking creative strategies to gain an edge over competitors. One such tactic that has garnered attention is the use of “love letters” to sellers. The premise is simple: Craft a heartfelt letter to the homeowner, expressing your deep admiration for the property, in hopes that your emotional connection sways the seller to give you a better deal. But does this approach actually work? Let’s dive in.The Emotional Advantage of Love LettersAt face value, love letters can be a powerful tool. They allow you to connect with the seller on a human level, making your offer more memorable. The idea is particularly intriguing for buyers eyeing older or “vintage” homes, as a recent study by the Indiana University Kelley School of Busines...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
The housing market in Oakland County, Michigan, poses Home Buying Challenges that can make the process seem daunting with housing market in Oakland County, Michigan seeing unprecedented highs and lows in the past few years. Inventory shortages, rising prices, and stiff competition have left many potential home buyers frustrated and even despondent. If you find yourself feeling disheartened in your quest for a new home in places like Farmington Hills, Novi, or Northville, you’re not alone. But before you throw in the towel, here’s why you shouldn’t lose hope.The Challenges Limited Inventory: One of the key Home Buying Challenges in Oakland County, MI is the limited inventory and the primary reason home buyers feel discouraged is the limited availability of homes, particularly in popular ...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Real estate is a fascinating reflection of diverse factors like economic trends, interest rate dynamics, and broader consumer sentiment. Lately, there’s a growing discourse surrounding Michigan’s potential tapering in home sales. In this exploration, we shine a spotlight on the intricacies of Farmington Hills housing trends.The Michigan Real Estate Scenario: A SnapshotTraditionally, Michigan’s real estate pulse has been notably vibrant, animated by an unrelenting demand pushing property values higher. However, recent findings from the Michigan Realtors Association hint at a possible ebb in this fervor.Skyrocketing home prices might be a factor at play here. When prices surge, a larger segment of potential buyers, particularly novices in the real estate domain, find themselves sidelined....
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Buying a home is one of the most significant financial commitments most people make in their lives. Therefore, it's understandably frustrating when you're all set to make that commitment and find out your mortgage application has been declined. While it's disheartening, it’s not the end of the road. Here's a step-by-step guide on what to do next, with resources to help you navigate this hiccup.1. Don’t PanicFirst and foremost, understand that many prospective homeowners face mortgage application rejections. The reasons can range from personal financial situations to broader economic conditions. Remember, a decline isn’t a reflection of your worth but rather a financial institution's assessment based on various criteria.2. Understand WhyBefore you can address the problem, you need to und...
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