Farmington Hills Real Estate and Events talk Michigan

Buying your first home can be scary, but if you follow these tips, you will do just fine!   Many young people do not realize that they can afford a home, they can get approved for a mortgage. Sometimes you need little or no money to buy a home.  There are Government programs for first time homebuyers (FHA) and some Michigan counties qualify for low down payment programs.  (Rural housing program)

The key for any Michigan home buyer is to plan ahead.  You may need to repair your credit, save for a downpayment, get more time on a job, save for closing costs.  You need to know what you have to do to get started.  You may be one of the "great buyers" and have everything you need to get started right now and not know it!  The first thing to do is to set an appointment with a Michigan Mortgage loan officer to see whether you qualify for a Michigan Mortgage for the home in the price range you want.

Many times you do not need money.  We can ask the seller to pay your closing costs.  There are many programs that offer low rates and no money down if you can get a gift from a family member.  You may qualify for a VA loan.  100% financing through the VA may be the way to go for you.  But taking the first step and seeing what you need to do now is important.  It will make the home buying process so easy. 

Call me to set up an appointment to go over your credit report, and credit scores.  You may have imperfect credit, need to reduce debt, or improve your credit scores.  The key is to get started.  Even though you may have bruised credit, or too much credit I have helped many people improve their credit.  They then we able to buy homes.

Create Your "Wishlist"
Make your wish list. Focus on the features you want in a home: 2 bedrooms or 3? 1 bath or 2? Garage or no garage? Knowing what you're looking for will help you focus your search. And it will help your local Metro Detroit real estate broker, too. 
Search Michigan houses for sale

Think about where and why you want to buy in an area.  How far to work? School? Family?

Drive by, and look at many Wayne County homes (again we handle Oakland County houses for sale, Washtenaw county houses for sale, Livingston County houses for sales, as well as Wayne county houses for sale. ).  See as many possible to get a better feel for ones available in your price range. Visit my site often and search for homes.  Keep track of what you like and dislike about each home that you drive by or see on the internet.

Also consider the market value of the home, any special circumstances surrounding the sale of the home, how much you can afford to pay for the home, and the condition of the home when determining whether the home is right for you.

When you find a Metro Detroit home for sale in your price range and you want to buy it, call me at (313) 310-9855  Visit the Metro Detroit neighborhood at various times to get a more complete understanding of its activity. Talk with your prospective neighbors about what it's like to live in the area. Take a day and commute to your job from the area. And look at the home more critically -- you may discover flaws you hadn't noticed during your first visit.

Another aspect to consider is the financing you will use to purchase the home. For example, the seller may help pay closing costs such as pro-rated taxes or points on a mortgage. If this is the case, you may be more willing to accept the seller's asking price. Your local Metro Detroit realtor (Russ Ravary) can offer some assistance regarding how much you should offer, but the final decision is yours.

For more Metro Detroit Home buying tips visit my other website www.DetroitMichiganRealEstateHomes.com  you can search over 60,000 homes for sale.