FAQs by Plymouth, Canton, South Lyon, Farmington, Northville and Novi Home Buyers
Metro Detroit Area Home Buyer Resources
Answering Your Metro Detroit Area Home Buying Questions
If you're a first-time home buyer, deciding to enter the local real estate market in Northville, Canton, Plymouth, or Novi can be equal parts thrilling and unnerving. And in fact, even if you have purchased a home in the past, navigating the market once again as a home buyer can be stressful. Below, you will find frequently asked questions that are sure to prove enlightening for both experienced home buyers and first-time home buyers. Before you begin your Plymouth, Canton, Northville, Novi, Farmington, or South Lyon home search, make sure that you're prepared by checking out these FAQs below. By taking the time to become knowledgeable about your role as a home buyer, you'll end up saving both time and money in the long run!
Q - I've never purchased a home before. Where should I begin?
A - You've already started! By researching the market through news articles and other real estate resources, you're becoming a more and more savvy home buyer. Here are the top things that we recommend you do to educate yourself before you start searching the market:
- Familiarize yourself with your personal finances.
- Learn about the Metro Detroit area real estate market.
- Carefully review your budget and begin to eliminate as much debt as possible.
- Have a down payment and earnest money ready when the time comes to act and make your offer.
Next, make sure to contact us. We are your home buying specialists and we'll always represent your best interests on the Michigan housing market! For those who have navigated the market before as a buyer, make sure you have brushed up a little on the real estate transaction process. Regardless of how many times you've navigated the market, it benefits you to work with someone who is experienced in your particular real estate market, whether it's:
Q - With all the bad news about mortgage products and home foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?
A - When you meet with our team of experienced Michigan real estate experts, we'll take the time to review your finances as well as your home buying needs. After that, we recommend that you select a lending consultant. Thanks to our years of experience on the market, we have the ability to recommend several trusted lending professionals or, if you prefer, you can choose your own. Having up most confidence in your lender is important. Be sure you feel completely at ease with them. They should speak to you in easy to understand terms. When meeting with this lending consultant, make sure to ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. Lately, it's been more and more common for lending professionals to recommend fixed interest rate loans. But there are many different types of loans and determining the right one for you will depend on many different factors, including:
- How much money do you have for a down payment?
- How long do you plan to live in the home?
- Do you qualify for a FHA or VA loan?
Because more and more homes are listed on the market each day, this is a great time to enter as a home buyer!
Let's Get Started Finding Your Next Greater Plymouth Area Home!
Are you ready to schedule your home buying consultation? If so, contact us today and we'll get you started right away on finding your dream home in such local markets as Plymouth, Canton, Northville, Novi, South Lyon and Farmington.
