Home Buying in Bloomfield Hills : Advice

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The Levan Wo…, Real Estate Pro in 48302
The Levan Wood Team answered:
Are there any foreclosures left in Bloomfield, Birmingham areas? Looking for a good deal like everybody else!
Hi Bob,
What criteria are you looking for? Do you have a price range in mind? Send me an email and we can discuss this further. mihousefinder@gmail.com
~The Levan Wood Team
0 votes Share Flag Wed Mar 27, 2013 Home Buying in Bloomfield Hills
Pamala  Bava,…, Real Estate Pro in Macomb, MI
Pamala Bava, SRES answered:
Buying in a flood plain?
No they are not, you have to get all of your questions answered and if you did not know about this before the offer was agreed upon, you may want to consult an attorney. Alsom go to th ... more
0 votes Share Flag Fri Jan 11, 2013 Home Buying in 48304
Lisa, Home Buyer in Rochester Hills, MI
Lisa asked:
Looking for a 3-4 bedroom home with a shady back yard and great schools with a seller who would consider a lease with an option to buy in a year. We have to rent the home we are currently in for a year before it can be considered as income and get approved for a mortgage this size (would like to sell but of course underwater, but...
0 votes Share Flag Sat Jul 21, 2012 Home Buying in Bloomfield Hills
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
Is there a law in Michigan that allows you to get out of a real estate contract within 24 hrs of signing?
Good Morning Allen,

All legal questions should be directed to a Real Estate Attorney. That being said there is no law that I'm aware of allowing an automatic release of a real estat ... more
0 votes Share Flag Tue Jul 17, 2012 Home Buying in Bloomfield Hills
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
For a homepath loan do people on disability qualify?
"B",

Good Morning!! As long as you can qualify for a mortgage (income and debts) you are eligible for a Homepath loan. Our fair housing laws do not allow you to be discriminated ag ... more
0 votes Share Flag Sun Jun 24, 2012 Home Buying in 48302
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
do you have houses for sale?
I do, but none in Detroit.
0 votes Share Flag Sat May 12, 2012 Home Buying in 48301
Eugene Penni…, Real Estate Pro in Oakland County, MI
Eugene Pennington answered:
Buy a property near to Lahser High school.
Please give me a call, so we can discuss your needs and how I can help you. Thx Eugene 248 765 6488
0 votes Share Flag Thu Dec 29, 2011 Home Buying in Bloomfield Hills
Michael Warr…, Real Estate Pro in Novi, MI
Michael Warren answered:
I hear about a "shadow inventory" of foreclosures around the Bloomfield area. Is this true? When are they coming on market?How do I find an?
Hi

It appears there are bank owned houses not on the market everywhere in the Metro Detroit area.
It is very difficult to determine how many there are for a specific area. I have se ... more
0 votes Share Flag Thu Dec 15, 2011 Home Buying in Bloomfield Hills
Rich Bennett…, Real Estate Pro in San Francisco, CA
Rich Bennett 415.305.4911-cell answered:
How much does it cost to dig out a basement that is buried on vacant land?
Hi Allen,

The best thing to do is to consult with a contractor to determine a rough cost. With an existing basement there, you'll definitely want to talk to an expert.

Thanks ... more
0 votes Share Flag Fri Aug 26, 2011 Home Buying in 48301
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
How much detail about home features will a custom home builder put into the contract?
To start with, you do business with builder who has a reputation to protect.

Secondly, I have seen a detail/accessory sheet.

Thirdly, you are monitoring the procress on a daily ba ... more
0 votes Share Flag Sat Aug 20, 2011 Home Buying in 48301
Shirley Coro…, Real Estate Pro in Clarkston, MI
Shirley Coronado answered:
Can you recommend an excellent builder?
I can highly recommend two brothers. Each has their own company, however, they are currently working together. They are Bob Slade, RL Slade Custom Homes, and Jim Slade, Brook Valley H ... more
0 votes Share Flag Tue Aug 30, 2011 Home Buying in 48301
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
Where can I get a new home construction loan in the Detroit area?
Huntington Bank
Ross Mortgage
Michigan Tech Employees Federal Credit Union
www.mtefcu.org/loans-visa/home-loans/construction-loans/

Good Luck,

Karen Paytas, GRI, CMS
Realtor
... more
0 votes Share Flag Sun Aug 21, 2011 Home Buying in 48301
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
want to rent/buy a townhome so my kid goes to Andover high schoool. any suggestions please?
Akvishind:

Good Evening!! I've done a search for rentals near Andover High School and haven't come up with any within your price range. You may want to contact an area bu ... more
0 votes Share Flag Tue Jul 17, 2012 Home Buying in Bloomfield Hills
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
How can we ensure a bad agent/office's actions are part of the public record and can easily be found by others.?
Your choices include reprting any violations of law to the state real estate commission and any violations of ethics which is more what it sounds to the local board of realtors.

It ... more
0 votes Share Flag Tue Sep 14, 2010 Home Buying in 48301
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
We already live in Bloomfield Hills near Lahser High School. Our income has increased and we are looking to upgrade within Bloomfield Hills.
good afternoon....as long as you qualify for the next house with your current debt load, which would include your existing house payment..you can go for it....have your exit plan in pla ... more
0 votes Share Flag Fri Aug 13, 2010 Home Buying in Bloomfield Hills
Stacy Boland, Real Estate Pro in Plymouth, MI
Stacy Boland answered:
Million dollar mansions please
Hi Farhan,

I will be happy to send you over some Bloomfield listings in your price range. My email address is stacyb15@yahoo.com; please send me your email address and I will get the ... more
0 votes Share Flag Mon Jun 28, 2010 Home Buying in Bloomfield Hills
Doug, Home Buyer in Almont, MI
Doug answered:
anyone heard of a government refinance program with sunwest mortgage - that is 97%ltv and no pmi if paying no pmi now ? any info on it.?
That is the DU refi plus program, a government sponsored refinance option that has flexible ltv guidelines and can even go well above 97% as high as 125% without PMI if you had none pri ... more
0 votes Share Flag Mon Jun 14, 2010 Home Buying in 48304
Derek Bauer,…, Real Estate Pro in Livonia, MI
Derek Bauer, Door to Dreams... answered:
Mold issues. Have seen homes that have them and are nice homes.
Seenu,

You are best-served speaking with a professional inspector / mold expert with regard to this. I have seen many properties that with an investment were restored to a habitable ... more
0 votes Share Flag Sun Sep 5, 2010 Home Buying in Bloomfield Hills
John Kane, Real Estate Pro in Plymouth, MN
John Kane answered:
I am in the process of buying my first home, I will be putting down 20%, unsure if I should go FHA or Conv?
Hi Karen,

generally, with a 20% equity position, Conventional would be your 1st choice because you eliminate any type of mortgage insurance premium. The main reason you would want to ... more
0 votes Share Flag Mon Dec 28, 2009 Home Buying in 48304
Kent Tyrrell, Real Estate Pro in Northville, MI
Kent Tyrrell answered:
hi,how can i find out how much a property sold for at auction?
The sale will be recorded with the County which is your best best. I would be happy to check the public records for you. Just forward the address at your leisure. The Seller may have ... more
0 votes Share Flag Wed May 27, 2009 Home Buying in Bloomfield Hills
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