Tag: detroit real estate market

SE Michigan News

Tips for a Successful Real Estate Career


If you envision a career that doesn’t require a college degree, has the freedom and flexibility to create your own schedule and has unlimited income potential then a career in real estate could be a great fit for you.  While 87% of new agents fail in the first five years in real estate, our guest went in the opposite direction becoming a top agent in his first 5 years and he shares what attracted him to real estate, how he got started in real estate and what advice he has for those considering a real estate career.  

 

 

 

 

 

 

 

 

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SE Michigan News

Mid-Year Market Update


As we approach the halfway point of the year, we take a look at the impact that loosening of Covid restrictions and vaccines being widely available is having on the real estate market.   We also discuss inflation and the Fed’s recent announcement of hold steading on interest rates until 2023 and what that means for buyers and whether to expect more listings coming on the market in the second half of the year. 

 

 

 

 

 

 

 

 

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SE Michigan News

What’s Happening in New Construction


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The shortage of lumber and micro chips along with a shortage in skilled trades means there is plenty to talk about when it comes to the new construction segment of the residential real estate market.  In our discussion with the CEO of the SE Michigan Homebuilders Association, we discuss what is behind the shortage of materials that has driven the cost of lumber up which has home prices up over $12,000-$24,000 on an average home.   Beyond lumber there are other materials in short supply and all this is impacting the number of homes being built and permits being pulled for new homes.   We also talk about what the timeline looks like today for a new construction home to be built and what the future holds for new construction. 

 

 

 

 

 

 

 

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SE Michigan News

Radon, Mold, Flood Zones and More


We discuss some of the less common but important that buyers should be aware of before buying a home.   Radon is a radioactive gas that can enter a home through foundation cracks drains, sump pumps and since it is odorless you don’t know if it is present unless you test for it.  If detected, it can be remediated but you want to address this before you move in and live in your home We also discuss what you need to know about mold, easements and FEMA flood zones so that you can request any additional tests or information you need  before buying your home. 

 

 

 

 

 

 

 

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SE Michigan News

How House-Hunting is Like Dating


You stare at their picture while waiting patiently for them to become available and perhaps you drive by to check things out.  We could be talking about a romantic interest or searching for a home.  In this episode we take a light-hearted look at the similarities of dating and house hunting that include the use of a matchmaker and online apps.   We share how you can only tell so much from photos and a description, that you often have to see a home to get a sense of any potential chemistry and you want to learn everything you can about the home before making a commitment. 

 

 

 

 

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SE Michigan News

Open Discussion About the Current Market


We cover buyers, sellers, appraisals, pop-taxes and much more during this free-flowing conversation.  We take a look at the advice a recent first-time buyer was given to rent for now and wait to buy and compare that to current home prices and interest rates versus the same during the great recession to see if the math makes sense (it doesn’t!) and what sellers are finding that want to sell and buy their next home. We also talk about ibuyers and whether they are still in the market, why appraising a home can be a challenge right now and preparing buyers for the amount they will pay for property taxes once the home becomes theirs. 

 

 

 

 

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