COVID-19 & The Return to Real Estate
Governor Whitmer Eliminates Remaining Real Estate Limitations and Reopens Much of the State. Today, Governor Gretchen Whitmer signed Executive Order 2020-110, rescinding her “Safer at Home” Order, and moving the entire state to phase four of the MI Safe Start Plan. This action removes most of the restrictions that real estate brokerages and clients have been operating under. As we reported last week, Michigan Realtors® was working with the Governor’s Office to remove the previously imposed...
Read MoreSelling? Skip Remodelling
5 Nonlazy Reasons to Skip Remodeling Before You Sell Home sellers often hear that if they ever hope to find a buyer, they must whip their house into perfect shape—fix this, paint that, overhaul your horribly outdated kitchen. But just looking at the list of renovations is exhausting! This leads many to wonder: Do I really need to do all that just to sell my home? If that’s how you feel, here’s some good news: There actually are some good reasons—meaning reasons other than sheer...
Read MoreThinking of Selling?
Key Questions for Owners Thinking of Selling For many cities throughout the U.S. real estate markets, today undeniably favor sellers. With those markets that are particularly competitive, it can be very tempting to list your home even when you haven’t made a concrete decision to sell. Taking the plunge and listing can be an exhilarating decision, but doing so without asking yourself some important questions could leave you scrambling to figure out what you’re going to do should...
Read MoreHow To Make Buyers Fall In Love With Your Home
Stage to Sell: With these tips and tricks, your house will be swoon-worthy in no time. All the world’s a stage, said the Bard. That includes your house. Which is for sale. And thus needs to look bee-yoo-tee-ful. Staging entails hiring experts with a flair for interior design. They reimagine your living space and give your house a makeover (with temporary decor and furnishings) so that it gets “oohs” and “aahs” from the buying masses. Great staging isn’t an insurance policy — there’s no...
Read More10 Tricks in Preparing for an Open House
Here’s what you can do to get your home ready for its big reveal. Few words get home buyers more excited than these two: Open House. An open house is their opportunity to give your house a whirl. To wiggle the light switches. To admire the crown molding. To awkwardly ask to use the bathroom. For you the seller, an open house is a chance to throw open the doors. To dazzle buyers with the big reveal. To make someone fall head over heels for your charming abode. These tricks can help you make...
Read MoreInterest Rates Affect Buying Power
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the...
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