There's a lot of noise in the real estate industry and a lot of choices. All Real Estate agents are NOT created equal.
We leverage all of the benefits of a tech-heavy approach, with the dedicated personal service that buyers rely on throughout the home purchase process. We make sure you're covered on both sides so that you're the first to know when the right property get listed and have the best service when it comes to navigating the purchase process.
There's nothing quite as thrilling as putting the finishing touches on your very own brand new home, everything specd out to perfection. The Wickland Groups very own Steve Wickland is a licensed builder with decades of experience buying, selling, and building brand new homes.
Your home search is only as good as the information that its based on. We've created one of the most accurate and updated home search tools available in Michigan. Data on this site is typically 3-5 days more updated than the other sites, including the nationwide "big guys"!
Before getting a mortgage or any kind of loan, you should always check your credit. According to the law, you're allowed to receive one free copy of your credit report per year. You can do this by visiting Annualcreditreport.com. Scores range from approximately 300 to 850; generally, the higher your score, the better loan you'll qualify for. Don't forget to check your report for errors. If there are any, dispute them. It may help your credit score. You can also check your credit score for free at www.creditkarma.com.
You can calculate how much you can afford by starting online. There are several online mortgage calculators that will help you calculate an affordable monthly mortgage payment. Don't forget to factor in money you'll need for a down payment, closing costs, fees (such as fees for an attorney, appraisal, inspection, etc.) and the costs of remodeling or furniture. Remember that you don't always have to put down 20 percent as your parents once did. There are loans available with little to no down payment. An experienced home loan expert can help you understand all your loan options, closing costs, and other fees.
To find the right mortgage lender it’s best to shop around. Get recommendations from your friends and family and check with the Better Business Bureau. Talk to at least three or four mortgage lenders. Ask lots of questions and make sure they have answers that satisfy you. Make sure to find someone that you are comfortable with and who makes you feel at ease.
Once you have the right mortgage lender, make sure you at least get a pre-approval. Qualifications are only a guess based on what you tell the lender and are no guarantee, whereas a pre-approval will give you a better idea of how big a loan you qualify for. The lender will actually pull your credit and get more information about you. However, you could even take it one step further by getting an actual approval before you start home shopping. That way, when you're ready to make an offer, it will make the sale go much quicker. Besides, your offer will look more appealing than other buyers since your financing is guaranteed.
Make a list of the things you'll need to have in the house. Ask yourself how many bedrooms and bathrooms you'll need and get an idea of how much space you desire. How big do you want the kitchen to be? Do you need lots of closets and cabinet space? Do you need a big yard for your kids and/or pets to play in?
Once you've made a list of your must-have's, don't forget to think about the kind of neighborhood you want, types of schools in the area, the length of your commute to and from work, and the convenience of local shopping. Take into account your safety concerns as well as how good the rate of home appreciation is in the area.
Now that you've found the home you want, you have to make an offer. Most sellers price their homes a bit high, expecting that there will be some haggling involved. A decent place to start is about five percent below the asking price. You can also get a list from your real estate agent to find out how much comparable have sold for. Once you've made your offer, don't think it's final. The seller may make a counter-offer to which you can also counter-offer. But you don't want to go back and forth too much. Somewhere, you have to meet in the middle. Once you've agreed on a price, you'll make an earnest, which is money that goes in escrow to give the seller a sign of good faith.
There are many different types of mortgage programs out there, but as a first-time home buyer, you should be aware of the three basics: adjustable rate, fixed rate and interest-only.
Adjustable-rate mortgages (ARMs) are short-term mortgages that offer an interest rate that is fixed for a short period of time, usually between one to seven years. After that, the interest rate can adjust every year up or down, depending on the market. These are good for people who don't plan on living in their home very long and/or are looking for a lower interest rate and payment.
Fixed-rate mortgages are more traditional and offer a fixed interest rate (and thus a fixed monthly payment) for a longer period of time, usually 15 or 30 years, though they're available in 20 or 25-year terms. These are good for people who like a predictable payment and plan on living in their home for a long time.
Both fixed and adjustable rate mortgages can have an interest-only payment. What this means is that for a certain amount of time during the loan term, you're allowed to pay only enough to cover the interest portion of your payment. You can still pay principal when you wish, but don't have to if your budget is tight. There is a myth that with interest-only mortgages, you don't build equity. This is not necessarily true since you can build equity through home appreciation. The benefit to interest-only mortgages is that you increase your cash flow by not paying principal.
Remember to ask your mortgage lender or mortgage banker lots of questions about which mortgage is right for you and your situation.
Make sure you get a home inspection before you close. It will be well-worth the money spent since it ensures the property's structural soundness and good condition.
Setting the closing date that is convenient to both parties may be tricky, but can certainly be done. Remember that you may have to wait until your rental agreement runs out and the seller may have to wait until they close on their new house.
Be sure you talk to your mortgage banker to understand all the costs that will be involved with the closing so there are no surprises. Closing costs will likely include (but are not limited to) your down payment, title fees, appraisal fees, attorney fees, inspection fees, and points you may have bought to buy down your interest rate.
You've got your mortgage, closed the deal and now it's time to move in! Whether you use a mover or not is up to you, depending on your financial situation and how much stuff you have to move; perhaps also, whether you have a lot of friends willing to help you move. Either way, you're done with the home buying process! Just start unpacking and start enjoying your first home! Buying a home for the first time doesn't have to be a hassle if you're prepared and you know what to do and when to do it. Choose an experienced home loan lender and a friendly, knowledgeable real estate agent-they are the key to helping you have a smooth home buying experience!
Wait until you see this beautifully maintained, brick tri-level home with access to the Lake! Open floor plan with hardwood floors throughout entire entry level. The upda...
Listing courtesy of EXP Realty LLC.
Occupied property inspections not available sold as-is. No for sale sign. Contact with occupants is prohibited The seller does not have access to the property. The proper...
Listing courtesy of RE/MAX Leading Edge.
COME CHECK OUT THIS PRACTICALLY NEW BUILT HOME IN THE MOST DESIRABLE NEIGHBORHOOD IN COMMERCE TWP, THE HILLS OF BOGIE LAKE! THIS 2017 HOME FEATURES A WIDE OPEN FLOOR PLAN...
Listing courtesy of Real Estate One-W Blmfld.
Your search stops here with this luxurious Wabeek end unit condo sitting on the 8th hole of the golf course with lake view. Enter through the private brick courtyard into...
Listing courtesy of Anthony Djon Luxury Real Estate.
Spacious 4 bedroom 3.5 bath condo with walkout basement in need of buyers paint and flooring cosmetic touches. Beautifully maintained, attractive small complex in great ...
Listing courtesy of RE/MAX Home Sale Services.
Charming updated 3 bedroom trilevel home with very deep half acre lot with mature trees. Hardwood floors throughout except family room in walk out lower level. Updated ki...
Listing courtesy of Howard Hanna Franklin.
Behold the Countryside on this well appointed road of lovely cared for homes. This is a one family charmer holding lots of memories for owners. It's 3 bedroom and 1.5 ba...
Listing courtesy of Real Estate One-Ortonville.
**OPEN HOUSE 10/03 1PM-3PM**Come check out this move-in-ready 3 bed/1.5 bath Tri-Level in Ypsilanit! Seconds from Superior Township Community Park and Cheney Elementary S...
Listing courtesy of REALTEAM Real Estate.
Rochester Hills Contemporary 4 bedroom, 2 1/2 bathroom custom built colonial home. Showpiece kitchen with quartz countertops, quartz island, stainless steel appliances, a...
Listing courtesy of Redfin Corporation.
NEWER CONSTRUCTION. Nestled on a cul-de-sac. An enclave of coveted residences. SPACIOUS, PRIVATE REAR YARD BOARDING TO GORGEOUS NATURE & TREES. Lovely views year round. N...
Listing courtesy of Max Broock Realtors.
NEW CONSTRUCTION COMPLETE AND READY FOR OCCUPANCY! Open Concept Colonial. 1st floor 9' ceilings, hardwood floors. Kitchen with custom cabinetry, granite counters & waterf...
Listing courtesy of Real Living Kee Realty.
Welcome to 22042 Rougewood, Southfield MI 48033! Gorgeous custom built attached garage ranch with vaulted ceilings, 4 bedrooms, granite kitchen with built-in appliances. ...
Listing courtesy of Bowers Realty & Investments, Inc.
Hasenclever Farms lot 26 Hampton colonial located on a large estate lot. 4 bedroom 2.5 baths w/3 car side entry garage. 9 foot ceilings on the first floor. Real hardwood ...
Listing courtesy of RE/MAX New Trend.
Gorgeous 3BR/2BR ranch located in desirable Hills of Willow Lake. This beautiful home boosts a spacious and airy open floor plan perfect for entertaining and family gath...
Listing courtesy of Modern Way Realty LLC.
Welcome home to this 4 bedroom 4.1 bathroom brick cape cod sitting on 180 feet of private lake frontage. Enter the home into the spacious foyer that flows seamlessly into...
Listing courtesy of KW Professionals.
IDX provided courtesy of Realcomp II Ltd., via Real Estate Company. Copyright 2020 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.