What Is The Purpose Of Operating Agreement? When selling a property under an LLC, it’s important for a seller to understand that the title company may ask for a copy of the operating agreement, even though Michigan does not require an operating agreement. This is because, especially in the case there’s multiple members, the operating […]
What’s The Difference Between Houses And Multi-Family?
What’s The Difference Between Houses And Multi-Family? Traditionally, when someone’s looking to purchase their first home, they’re typically looking to purchase what’s called a single family home, which means that they’re looking to buy a house where it’s only meant for one family to live in. But currently, a lot of people are interested in […]
Should You Sell Your House Before Or After Divorce?
Should You Sell Your House Before Or After Divorce? When getting a divorce, you and your spouse will have to consider about the assets that you both will have that you will probably need to sell. And so in some scenarios, some people will consider the option of one person will keep the house, and […]
Will Conforming Loan Limits Increase in 2024?
Will Conforming Loan Limits Increase in 2024? Although interest rates are currently higher than where we would love for them to be, some good news to reflect on is that it’s predicted that in 2024, the conforming loan limit is going to be $750,000. And that means someone looking to purchase a home with a […]
Real Estate Market Update Q3 2023
Real Estate Market Update Q3 2023 So as we reflect on the third quarter of 2023 of the real estate market, what we noticed is that it was still a seller’s market. You still had bidding wars, but you still weren’t seeing what you saw last year, where if it was a nice property in […]
What Does Close Plus 30 Days Mean?
What Does Close Plus 30 Days Mean? When selling or buying a home, the seller will often times need what’s called occupancy, which means that they will need to occupy the home after closing. This could be a period of 30 to 60 days, typically because after 60 days, it becomes an investment property for […]
Is It A Good Idea To Assume A Mortgage?
Is It A Good Idea To Assume A Mortgage? Does assuming a seller’s mortgage make the most sense when purchasing a home? Well, if you’re in a market where the interest rates are higher and the seller’s interest rates are much lower, that can be very incentivizing for you as a buyer to do so. […]
What Is A Bridge Loan?
What Is A Bridge Loan? If you need to sell your home in order to purchase your next home, one thing to keep in mind is that you can do what’s called a bridge loan. And what this is, essentially, is that it allows you to purchase another home first before actually closing on the […]
What Should I Fix With My Home Before Selling?
What Should I Fix With My Home Before Selling? When selling your home, the amount of repairs or updates that you may want to consider doing will really greatly depend on the market that you’re in. And there are three examples I’m going to give you that no matter what market that you’re in, you […]
What Realtors Don’t Know About The Home Inspection?
What Realtors Don’t Know About The Home Inspection? A lot of realtors don’t realize they could be setting up their sellers for failure as a result of the home inspection period. And this is because what happens usually during a private home inspection, there are many things that come up that the buyer may want […]
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