How Real Estate Agents Make Money.. How do realtors get paid? Well, the vast majority of Realtors get paid 99% of the time only when they close on the sale of a home. So that means that if someone is looking to purchase, sell, buy, or even lease a home, the Realtor only gets paid […]
What Happens When Real Estate Deals Die?
What Happens When Real Estate Deals Die? Today I’m going to talk about what happens if a real estate deal falls through (when real estate deals die). Meaning your offer has been accepted, but one of the contingencies haven’t been met. Maybe it’s inspection, maybe it’s condo approval, maybe it’s appraisal, maybe it’s title work. […]
Real Estate Market Update Q4 2022
Real Estate Market Update Q4 2022 Here’s your quarter 4 2022 real Estate Market Update. What we found is that homes have increased year over year in comparison to 2021 and 2020, around the fourth quarter of the year. Also, we noticed during the last quarter of 2022 that the sellers market shifted greatly, meaning […]
Are House Prices Dropping In Michigan?
So a lot of people have been asking, “Are house prices dropping in Michigan?”, and the best answer to that question is it depends on the house. As you may already know, we’re just coming out of a market where the demand for buying a home was very, very high compared to the homes that […]
Is Now A Good Time To Buy A Home In Michigan?
Is Now A Good Time To Buy A Home In Michigan? So a lot of people have been asking, “is it a good time to buy a home?” My answer is if you’re someone who has been wanting to buy a home but have been holding off on buying because you don’t want to get […]
How Home Equity Works Part 2
How Home Equity Works Part 2: So you have equity in your home. So what do you do with it? Well, there’s three things I want to go over with you. The first one would be to get a refinance. Basically, let’s say you’re buying a home right now, interest rates are a little higher, […]
How Home Equity Works
How Home Equity Works Hey, everyone! I just want to take a quick minute of your time to discuss with you how home equity works. So basically, it’s the difference of what the home is currently worth in comparison to what you owe on the mortgage. For example, you get an offer accepted for a […]
What Does It Mean When Real Estate Is Under Contract?
What does it mean when real estate is under contract? Hey, everyone. I’m Patrice Henderson with Designed Living Real Estate, and just want to take a quick minute of your time to discuss with you, what does it mean when a home is under contract? Well, you may hear a different terminology, whether it’s under […]
2022 Real Estate Market Update Q3
2022 Real Estate Market Update Q3: Hey, everyone! I’m Patrice Henderson with Designed Living Real Estate. I just want to give you a quick market update as we head into quarter 4 of 2022 and the most recent update that the mortgage interest rates have gone up to 7.08%. Now, what does this mean? Well, […]
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