All About Michigan Real Estate

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 Wendy & Greg Kime, Plymouth MI Real Estate Experts
(Kime Realty)
3060 Lindenwood Dr., Dearborn, MI 48120New Listing! 3060 Lindenwood Dr  This nicely updated condo in the highly sought-after Fairlane East Condominium Homes offers convenience, comfort, and style all in one impressive property. 2274 sq ft of living space 3 bedroom, 2 & 1/2 baths Perfectly updated and is ready for immediate occupancy Enjoy newer carpeting and expensive ceramic tile flooring in the foyer and kitchen. Cozy fireplace with luxurious surround in the great room. Abundant natural light throughout 3060 Lindenwood Dr The gourmet kitchen includes contemporary cabinets with updated hardware, a stainless steel refrigerator, an electric range, a dishwasher, and an attractive range hood. The primary bedroom is incredibly spacious and includes a private bathroom. The finished basement ...
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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)
The Power of Remote Work Home BuyingAre you frustrated with the ever-increasing home prices? You're not alone. But here's the good news: Remote Work Home Buying could be the solution you've been looking for. This guide will show you how to leverage the advantages of working remotely in your home buying journey in Oakland County Michigan and beyond,Why Remote Work Home Buying is a Game-ChangerWhile working from home has been a growing trend, especially accelerated by the pandemic, Remote Work Home Buying is a lesser-known strategy that can give you a significant advantage in the housing market. Traditional Limitations Lifted:In the past, your home-buying choices were often limited by your office location. With remote work becoming more acceptable, these geographical limitations are lifte...
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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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By Richard Stewart, REO Realtor-RDCpro, CDPE Free list of Foreclosures
(REO Specialists llc)
https://www.searchallproperties.com/guides/RichardStewart/TlRFJTNE Download this free guide to selling a home in a divorce settlement. Richard Stewart is the principal real estate broker at REO Specialists Llc in Kalamazoo Michigan and has over 20 years of experience settling difficult sales of foreclosures, divorce, and probate settlements. See his full list of homes for sale at www.RichardStewart.com 
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Considering a real estate agent is the person you’re hiring to help you with what’s probably the largest purchase you’ll make, or asset you’ll sell, you should be concerned about whether or not you trust your agent.But if you don’t trust real estate agents, you’re not alone. According to this Study Finds article, only 20% of people surveyed had a high level of trust in real estate agents.To be fair, there are surely dishonest agents out there who have contributed to the distrust, but there are professionals in every industry who can’t be trusted. However, there are a lot more agents in the field who are highly trustworthy, and they take offense to being perceived this way.Unfortunately, whether it’s deserved or not, distrust can get in the way of you and your agent having as good of a r...
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By Wendy & Greg Kime, Plymouth MI Real Estate Experts
(Kime Realty)
Analyzing the Real Estate Market: A 7.1% Increase in Homes for Sale in June 2023The real estate market is an ever-evolving landscape that experiences fluctuations and trends influenced by various factors. Among these, supply and demand play a significant role in shaping the overall health and dynamics of the market. In June 2023, an intriguing development emerged as statistics revealed a notable 7.1% increase in the number of homes for sale compared to the same period in 2022. In this blog post, we delve into this significant shift and explore its implications for homebuyers, sellers, and the broader real estate industry.Unveiling the Statistics - 7.1% More Homes For SaleMarket data analysis from reputable sources has unveiled an interesting trend in the real estate market. In June 2023...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
According to a recent survey done by Mphasis, 66% of people under the age of forty-six check out how much their friends’ houses are worth by looking on home valuation websites. Hey, it’s public record and readily available, so what’s the big deal pepping on property prices, right?Well, the survey also revealed that 79% of those who do end up feeling stressed, concerned or upset. So why do people do it if it makes them feel bad? The main reasons those surveyed gave for peeping on their pals property values were: 59% said they use it as a benchmark for their own earnings and net worth. 42% just wanted to get a feel for how much their friends earn. So if you find yourself dashing to the computer the next time a friend buys a house, or to check out where someone lives the next time you meet...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Whatever line of work you’re in, there are probably some fairly common terms you’re used to hearing and saying that an outsider may not know. They may be so basic to you that you can’t even imagine how somebody wouldn’t know what it is, even if they aren’t in your field.For instance, the word “mortgage” is something real estate agents presume everybody knows. Well, apparently only 49% of people actually know what a mortgage is, according to a recent survey conducted by One Poll!The survey also found that: 45% of the people surveyed said they plan on buying a home within the next three to five years. Only 42% of those who were already homeowners used a mortgage to buy their home. 55% of Millennials between the ages of 26-40 are far more likely to pay for a house outright with cash, than ...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Real estate often seems like a fun, easy, high-paying career to outsiders. But it seems even more appealing to people when the market is hot, like it had been over the past few years. Couple that with a pandemic that caused people to either lose their jobs or simply look for something they’d rather do for a living, and the past few years saw the number of real estate agents swell to record numbers.But now that interest rates have risen — causing many buyers to either hit the sidelines or get priced out of the market — a lot of real estate agents are calling it quits. In fact, 60,000 agents have left the business in just the last 6 months alone, according to this Axios article, and more will likely follow.This isn’t surprising to anyone in the business for the long-haul. It’s not the fir...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
Dealing with difficult neighbors can be stressful and uncomfortable, but it’s important to quickly resolve conflict within your community. Maybe you just moved into a new home and have discovered that your neighbor next door has some disruptive habits. Maybe a new family moved in down the road and is looking for a confrontation for no reason. Regardless of the circumstances, it’s normal to feel unsure of how to proceed. You don’t want to have a bad relationship with your neighbors, but you also need to advocate for yourself.If you’re running into issues with your difficult neighbors, you should approach the situation thoughtfully. Here are eight suggestions for dealing with difficult neighbors:Start Off FriendlyWhen an issue with your neighbor first arises, you should always start by ac...
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By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
(Re/Max Classic)
It’s not uncommon for home buyers to feel they’re being lied to when they’re told there’s another offer coming in on a house they want to buy, no matter what the current real estate market is like.But considering you’ve probably been hearing that houses are taking longer to sell, prices are coming down, and there are fewer buyers to compete with, it might seem even more suspicious if you’re told there’s another offer on a house you want to buy right now.All of that is true in many areas, so an offer mysteriously coming in on a house you want to buy is even more unbelievable when the one you have your eyes on has been on the market for some time. It’s like, how in the world did someone else randomly decide to make an offer on this house when it’s been on the market 87 days? Where have th...
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Michigan Real Estate Agents and Real Estate Professionals