Found 40 blog entries tagged as metro detroit real estate.

Home for Sale: 3002 Tall Timbers Drive, Milford, Michigan 48380

3002 Tall Timbers Drive, Milford, Michigan 48380

Michael Perna of The Perna Team has assisted a client with listing their home at 3002 Tall Timbers Drive, Milford, Michigan 48380 of Stone Hollow Subdivision. This 5-bedroom, 7.5-bath luxury estate in Milford, perfectly blends sophistication and elegance to create a perfect haven.

3002 Tall Timbers Drive, Milford, Michigan 48380

    

The Home

This move-in-ready colonial home boasts 11,289 total square feet of finished living space, including a spacious living area, chef's kitchen, home office/library, 5 bedrooms, 7 full and 1 half baths, and a partially finished walkout basement leading to a beautiful oasis complete with in…

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Buying a home is like stepping onto a rollercoaster blindfolded—thrilling, unpredictable, and occasionally stomach-churning. Whether you’re living in Metro Detroit or moving to Metro Detroit, the stakes are high, and the potential for missteps is even higher. According to studies by the Wall Street Journal and the New York Times, a staggering 60 to 80 percent of buyers experience buyer’s remorse. But fear not! We’re here to ensure that you don’t become another statistic. From falling in love with a house that turns out to have the same charm as a haunted mansion to overlooking that killer commute that eats away at your soul, we've compiled the ultimate list of 44 home buying mistakes to avoid. So buckle up, because we’re about to guide you through…

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Deciphering the reasons behind varying home sale timelines reveals a complex interplay of factors that influence why some properties remain unsold while others quickly find new owners. This article delves into the multifaceted nature of the real estate market, highlighting common obstacles that contribute to prolonged sale durations.

Examining elements such as the dangers of overpricing, the subtleties of fluctuating market conditions, the critical importance of home staging, and the impact of strategic marketing, this discussion aims to uncover the hurdles to a prompt sale. Leveraging The Perna Team's extensive experience in Metro Detroit's real estate landscape, this article not only identifies why certain homes may sit on the market but also offers…

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Buying a Home Just Got a Lot Harder: Navigating the New Real Estate Landscape

As of August 17, 2024, significant changes have been introduced into the real estate industry, fundamentally altering the way transactions are conducted and affecting both buyers and sellers. These changes have sparked confusion and concern among potential homebuyers, particularly those living in Metro Detroit or considering moving to Metro Detroit. This article aims to demystify these new regulations, explain their implications, and provide insight into how both buyers and sellers can navigate this evolving landscape.

  

Understanding the New Commission Rules

One of the most significant changes revolves around how real estate commissions are handled,…

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Home for Sale: 6035 Mapleview Lane, Ypsilanti, Michigan 48197


6035 Mapleview Lane, Ypsilanti, Michigan 48197

Michael Perna of The Perna Team has assisted a client with listing their home at 6035 Mapleview Lane, Ypsilanti, Michigan 48197 of Paint Creek Farms Subdivision. Conveniently located close to schools, parks, shopping, and other amenities, this home is ideal for a growing family.

6035 Mapleview Lane, Ypsilanti, Michigan 48197

    

The Home

This move-in-ready colonial home boasts 2,956 total square feet of finished living space, including a spacious living area, chef's kitchen, home office/library, 4 bedrooms, 3 full and 1 half baths, and a partially finished basement.

  • Move-in-ready
  • 2,956 total square feet of finished…

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As we continue into the 2nd half of 2024, prospective home buyers are keenly observing the evolving housing market trends to determine if affordable home prices are on the horizon. The spring home-buying season, anticipated to be promising, ended up being a thorny challenge for many, with elevated mortgage rates and high home prices stalling sales. However, a silver lining emerged as more resale inventory entered the market, putting some downward pressure on the pace of home price growth. Additionally, the median price for a new home has dipped below that of resale homes, with builders offering incentives to attract buyers. For those living in Metro Detroit or considering moving to Metro Detroit, these trends provide a glimmer of hope. Yet, experts agree…

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Most home sellers have a primary goal of selling as quickly as possible, often due to external deadlines such as a new home purchase that hinges on the sale. For those living in Metro Detroit or moving to Metro Detroit, understanding how to expedite the sale of their property is crucial. In the current market, homes that linger week after week can develop a stigma, causing potential buyers to question what might be wrong with the property. Fortunately, sellers can influence how long their property remains on the market. Today, we will explore strategies to ensure your home sells fast and for the most money. These include thorough preparation, professional staging, accurate pricing, and a strong online presentation.

Preparing Your Home…

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Navigating the complexities of the real estate market, especially when considering the pivotal decision between building or buying a home, can be daunting for those living in Metro Detroit or contemplating moving to Metro Detroit. With the landscape of home ownership undergoing significant changes in recent years, understanding the nuances of construction costs, labor shortages, and fluctuating loan rates is crucial. This article dives deep into the merits and challenges of creating your dream home versus purchasing an existing property, offering invaluable perspective and insights for potential homeowners in the Metro Detroit area. Whether you're drawn to the customization of building a new home or the convenience and history of buying, we'll guide…

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Navigating the 2024 housing market while living in Metro Detroit presents unique challenges and opportunities, especially for those considering moving to Metro Detroit. With a landscape marked by stable yet high home prices and interest rates hovering around 6 to 6.5%, understanding the dynamics of supply and demand becomes crucial for both buyers and sellers. Despite predictions of modest appreciation and a slight increase in housing inventory, the market remains resilient, making it an intriguing time for real estate decisions in this vibrant region. This comprehensive analysis delves into what prospective homeowners and current residents can expect in the ever-evolving Metro Detroit housing market.

To begin, 2024 is shaping up to be a year of…

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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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