All Blog Entries by Michael Perna

Found 167 blog entries published by Michael Perna.

Moving to Detroit Relocation Guide

Detroit has a number of amenities that can make for a great experience. The community has an excellent entertainment scene with many great sports and theater options. It is also fairly easy to find inexpensive neighborhoods for people on a budget. Like many major cities in the US, Detroit sits near a body of water. The Detroit river is visible from downtown, and downtown Windsor, Ontario is visible across it. Residents can even visit Canada easily, if they have a passport.

This community embraces a wide variety of tastes and backgrounds, so everyone can find something they love. Here is everything you should know about relocating to the Motor City.

Table of Contents

  • Cost of Living in Detroit
  • Detroit Job Market
    • Largest Employers
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In 2020, our fall market will be much like past spring markets.

  

 

Fall is definitely the new spring market, as you’ll learn in our upcoming webinar on Saturday, September 12. We’ve seen the spring season extended and then extended again thanks to extremely low interest rates. It’s a fantastic time to get your home on the market and get it sold for top dollar.

The Google search terms “Sell my home,” “Sell my home fast,” and “I need to get out of my home” are being searched at a rate 46% higher than they were just six months ago. This means there is a ton of inventory about to come on the market, and we need to dig in to see when the best time to list yours is. I think inventory will double, and it might even double again. This could

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FHA Home Loan Information for First-Time Home BuyersAn FHA loan is a flexible type of loan for home buyers to discover when considering their loan options. Additionally, the FHA loan is often the preferred home loan for first-time home buyers. The following information will detail what home buyers should know before choosing an FHA loan.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

What Is an FHA Loan?

An FHA loan is a loan that is backed by the Federal Housing Administration. FHA loans are very common, often among home buyers on a budget and first-time home buyers. Interested home buyers with a small down payment saved and who may not be able to afford a conventional loan often turn to the

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Everything to Know About Capital Gains Taxes for Home SalesFor some people, selling their home can affect how much they must pay in taxes at the end of the year; however, not everyone is affected by this tax rule. If you will be selling your home sometime in the near future, there are things you may want to understand about capital gains and how they work. The more you know about this important tax rule and how it affects you, the easier it will be for you to file your taxes at the end of the year.

For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.

What Is Capital Gains Tax?

Capital gains tax is a tax applied to the money you make on the sale of an asset. To find out how much you could be taxed on the sale of

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Top Ways to Improve Your Home's Energy EfficiencyThere's no questioning whether homeowners want to save money on their energy bills. Any extra funds wasted on inefficient walls and poor appliances can be put to good use elsewhere. The real problem is deciding which upgrades to make and when. Energy efficiency will look different for every home, depending on its construction date, environmental factors, and specific property traits. The best way to calculate the ones that are right for any given property is to rely on the average returns on investment. Here are a few suggestions with good rates of return for a better idea of how to get started.

Assess the Problem

Too many homeowners will invest money in a feature of their home that doesn't need quite so much attention. Like a home inspection, a

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Real Estate Investing: What's the Right Option for You?Getting started in real estate investing starts with learning the basics of the types of properties available and how an investor can use them to make money. Like any potential venture, an investor will take on some degree of risk—no matter how fool-proof an opportunity seems. Learn more about the common terms of investment, how land can be used, and what tips to keep in mind before plunging in.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Language

The lingo of real estate can get pretty complicated, but it's good to start with a few definitions:

  • Residential: A broad category that refers to condos, town homes, single-family homes,
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Why You Should Always Pay for a Home InspectionWhen buying a property, home buyers are not always required to get a home inspection. And if that is the case, many people elect to skip them altogether since they are an extra expense and can extend the closing date. That is almost always a bad idea, however, as it makes the purchase quite a gamble. Here's a look at why getting a home inspection is always a smart move.

Learn About Maintenance Needs

During a property inspection, inspectors look from the roof to foundation for potential problems. They mark down all the imperfections they come across, including:

  • Water leaks
  • Foundation cracks
  • Holes in the siding
  • Missing caulk around windows and doors
  • Hanging gutters
  • Rotting deck boards
  • Loose railings
  • Signs of pests

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Wondering what steps you need to find the perfect accessible home? Well, you don’t need to wonder about the process any longer. Because as long as you follow these essential tips, finding and purchasing your new accessible home shouldn’t be a hassle. 

Check-In With Your Finances First

Looking at new homes can be so thrilling! Before you get too excited about your actual home search, however, you need to make sure you have thoroughly researched your financial options for buying your dream home. Some financial steps to focus on first include reviewing your credit report and score, organizing your financial paperwork for lenders, and figuring out how much home you can afford. 

As you work through these financial steps, you may also want to see

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Hello to Family, Friends, Clients and Past Clients.  Everyone.

We're one week into the Shelter in Place order given by our Governor.  I trust you and your family are staying safe and inside as much as possible.  It's been a trying time for everyone and I've received many many calls and questions about my thoughts on COVID-19 from past clients, family members, agents, brokers and more.

On a personal note, I'm afraid mostly for my parents — especially my mother.  For those that know me, you probably know my mother has Multiple Sclerosis. There's no known cure and treatments have varying degrees of success only at abating the symptoms.  I won't get into the details. I will say that along with it comes a compromised immune system. Mild colds for people

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Here’s an exclusive offer to save time and money when you spruce up your yard come springtime.

  

 It’s February, which means that we’ll soon be seeing sunlight, and sometime within the next 18 to 24 months, we’ll be able to leave this cold weather behind and finally go outside again. 

More importantly, the arrival of spring weather means you’ll be able to attend to your yard and spruce up your landscaping. However, before you get to that point, you need to do a little spring clean-up first.

Remove any debris like branches, leaves, and rocks from your plant beds. This is one of my least favorite parts of planting flowers, so if you’re the same way, here’s some great news:

The Perna Team has partnered with not one, not two, but three

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