Wells Fargo’s HomeLift Program to Service Livonia

Posted by Michael Perna on September 29th, 2015

 

Wells Fargo’s HomeLift Program, NeighborWorks America® and its network member Southwest Solutions is offering down payment assistance grants of $15,000 for eligible homebuyers with annual incomes that do not exceed 120 percent of the local area median income – which is about $81,250 for a family of four in the five Wayne County cities of Detroit, Hamtramck, Highland Park, Livonia or Dearborn.– with income maximums varying depending on family size and type of loan. 

“Making homeownership more affordable will help hard-working families and individuals to achieve homeownership, which will strengthen our neighborhoods,” said Mayor Mike Duggan.  “This innovative public-private partnership will make a significant difference for eligible homebuyers with…

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New FHA Guidelines Could Affect Number of Livonia FHA Loans

Posted by Michael Perna on September 18th, 2015

As of Sept. 14, 2015, the Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD), will be changing their guidelines thus making it more difficult for people with student loans or less-than-perfect credit to buy a home. The FHA insures mortgages and provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans, and has insured over 34 million mortgages since its start up in 1934, according to HUD.  

With Livonia leading the number of FHA loans between its surrounding areas such as Northville, Novi, Farmington, and Plymouth, these guideline changes could affect the number of Livonia FHA loans that get approved.

According to the National Association…

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Farmington Michigan Home Values On The Rise

Posted by Michael Perna on September 17th, 2015

Friends,

I was doing a bit of market research lately and found some information you might find helpful.

The expert analysts over at Keeping Current Matters have filed their report for the Fall of 2015, and it appears things are looking up in real estate.

Michigan’s appreciation has improved by 7%, over 2% higher than the East North Central region average of 4.51%. This is nothing but good news for Farmington home values as well as surrounding areas.

According to numbers gathered by the Federal Housing Finance Agency (FHFA), home prices have risen in every region since this time last year.

The FHFA report shows that every state is appreciating at a different rate. While some states are experiencing more rapid appreciation than others, there…

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How to Handle Multiple Offer Situations as a Buyer

Posted by Michael Perna on August 11th, 2015

 

 

There are many great Metro-Detroit area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Valuation so you know what buyers will pay for your home in today's market. You may also call me at (248) 237-3933 for a FREE home buying or selling consultation to answer any of your real estate questions.  

Today we're going to talk about winning multiple offer situations as a buyer. As a seller, you've already won because you have multiple offers to choose from. As a buyer, the idea is to secure that home at the lowest possible price with the best possible terms.

We've devised a seven-step strategy to get this done. In our board of Realtors, we're seeing 2…

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SUCCESS STORIES: How We Helped First-Time Home Seller Jeremy

Posted by Michael Perna on March 20th, 2015

SUCCESS STORIES: How We Helped First-Time Home Seller Jeremy

WATCH: Another Success Story From a First-Time Home Seller 

How we helped Jeremy​ sell his​ home making the process go smoothly

   What's My Home Worth?Search All Homes  

The Perna Team was awesome! The first time I met Michael Perna was 8 years ago when I purchased my house. Mike was extremely knowledgeable and it was the first time I had dealt with a Real Estate Agent. So when we were looking to sell we definitely reached out to The Michael Perna Team and that is when I met Mary Jo. It went up right away and literally sold in three weeks. Mary Jo was literally a phone call away. They were all just awesome!

What's My Home Worth?Search All Homes  

Are…

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Northville Park Place signs 11th retailer and restaurant

Posted by Michael Perna on January 29th, 2015

Northville Park Place in 2nd Phase of Completion

11 leases signed so far and more to come

In the 2nd Phase:  The second phase of Schostak Brothers & Company joint venture with REI Investment Group based out of Bloomfield Hills is under way.  The second phase includes 65,000 square feet of mixed use restaurants and retail and one stand alone restaurant adding to the expanding corridor on Haggerty between six and seven mile roads.  College Park was a hit with restaurants moving in quickly including Mitchells, the Claddagh, Bravo, Flemmings and more.  The second phase will cover 22 of the 82 acres and is expected to be complete by the end of the second quarter 2015.  Sachse Construction and development has been secured to develop the new building.

…

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Michigan-Ohio Keller Williams Realtors Random Act of Kindness Changes the Life of a Stranger

Posted by Michael Perna on January 22nd, 2015

Random Act of Kindness Changes Life of a Stranger

Ann Arbor Driver Gets $2,084 Tip For Delivering 1 Pizza

A pizza driver working for the Pizza House, an Ann Arbor favorite, had no idea what was coming his way from the order of a single pizza by a room of 250 hungry Keller Williams Agents.  These agents weren't hungry for pizza or breadsticks, they were hungry to make a difference in a life. 

Leading the charge, Matt Sutter made the call, and it went a little like this:  I would like 1 pizza delivered at exactly 2:20 pm at the Sheridan Hotel in Ann Arbor.  Robert Dunn the driver thought it was a little odd, but then people want their pizza when they want there pizza.

At 2:20 the pizza was delivered, with approximately 250 Keller Williams agents…

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Are You Spending More Than You Have To on Taxes?

Posted by Michael Perna on January 13th, 2015

 

There are many great Metro-Detroit area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Valuation so you know what buyers will pay for your home in today's market. You may also call me at (248) 425-5082 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hello everyone and happy New Year!

We all know what time of year it is: tax time. Winter taxes will be due pretty soon, and over the last few weeks you should have received your 2015 tax assessment. This form should tell you what your new state equalized value is and what your taxable value is.    Know that 90% of the form they send you is irrelevant -…

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Gateway Village 2014 Sold Report Gateway Village

Posted by Michael Perna on January 9th, 2015

Gateway Village Novi MI 2014 year in review sales report!

2014 was an amazing year in Gateway Village real estate!  There were 10 Gateway Village condo's sold and 13 Leased in 2014.  First we'll present an accounting of the Sales for the year then work our way through the Leased Condo's for the year.

The Perna Team is again proud to announce both the highest and lowest price per square foot sales for Gateway Village 3 years in a row!!  

Sellers: For our seller on 25562 Portico Lane we were able to secure a final price per square foot of $150.17.  That's $6.5 higher then ANY other agent, or in real dollars $7358 HIGHER then the NEXT agent that sold a condo in the complex!

Buyers: For our Gateway Village condo buyers we were able to…

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Gateway Village Novi MI November 2014 Real Estate Sales Report

Posted by Michael Perna on January 5th, 2015

Gateway Village Novi Michigan November 2014 Sold Condo's

In November 2014 there was 1 condominium sold in Gateway Village of Novi Michigan

Sold Gateway Village of Novi Condo: 25618 Portico Lane Novi MI 48375 Sold: 180,000

• Listed for $209,900
• Reduced to from $209,900 to $199,900 then to $187,500
• Sold for 180,000
• 123 Days on Market
• $111.66 Price Per Square Foot (PPSF) 
• 1612 Square Feet
• Year Built: 2005
• 1 car attached garage
• 2 bedrooms
• 2 full bathrooms
• Ranch Condo
• Brick Exterior
• Air Conditioning 
• Appliances included
• City Water
• City Sewer
• Balcony
• Master Bedroom 16 x 14
• 2nd Bedroom 12 x 11
• Great Room 19 x 15
• Kitchen 11 x 10
• Dining Room 13 x 10
• Summer Taxes $1783
…

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