48221 : Questions & Answers

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Gwendolyn We…, Real Estate Pro in Saint Clair Shores, MI
Gwendolyn West Gonzalez answered:
Does any one offer rent to own?
There is many homes in Southeastern Michigan that are available for lease with option to buy. If you are looking in the Detroit Market please contact me at gwest@kw.com to schedule a m ... more
0 votes Share Flag Tue Dec 30, 2014 How To... in 48221
Gene Carlson, Home Buyer in Royal Oak, MI
Gene Carlson answered:
What does buyer to assume c of o mean when buying a home in Detroit, MI with a quit claim deed? How much is a warranty deed?
You must have the home inspected by the city to get the C of O and they will require you to make repairs so the property is up to standards and habitable. I think it is $350. Its reall ... more
0 votes Share Flag Sat Sep 6, 2014 Home Buying in 48221
Nesahn Robin…, Real Estate Pro in 48021
Nesahn Robinson answered:
Looking for a Realtor to help me find sort out the best value in Palmer Woods, Sherwood Park, Golf area.
I would love to assist you with finding your next Home. Just give me a call and Remember"Your Next Home is Within Reach".

1313 778-4014 Mr. Robinson
0 votes Share Flag Thu Jun 19, 2014 Home Buying in 48221
Nesahn Robin…, Real Estate Pro in 48021
Nesahn Robinson answered:
Hi, Can I get a home loan for about 50k or less, I filed bankruptcy last year due to a car accident. I make 60k a yr. Kept my rental lease& car note.
I'm sorry I dont know any lending company that will give a mortgage to anyone with a bankruptcy
a year ago. Go to a credit repair company, I've seen people get approved after three yea ... more
0 votes Share Flag Thu Jun 19, 2014 Home Buying in 48221
Mike, Home Buyer in Detroit, MI
Mike asked:
How much is this worth now? I own a property at 1825x Pinehurst, Detroit 48221. Recently repainted. Tenanted for $800 until end Mar 2015. Also replace a new furnace. How much is property worth now?
0 votes Share Flag Fri Apr 18, 2014 Investment Properties in 48221
Michele Edwa…, Real Estate Pro in 48080
Michele Edwards answered:
does anyone know if owner/agent for 17305 Muirland is willing to do a lease with an option to buy.?
Hello Rachel,
This is a new listing and the comments do not give any indication that the owner is open to a lease to own situation, but as an agent AND an investor, I always say "Make ... more
0 votes Share Flag Sat Apr 12, 2014 Home Buying in 48221
Haig Istambo…, Real Estate Pro in Michigan
Haig Istamboulian answered:
What action should a owner take for a property under management but still got vandalized? what authority should owner to persue help? or protection?

The bottom line is that the property is owned by you and ultimately it is your responsibility to make sure everything is managed correctly. Having a house vandalized is very c ... more
1 vote Share Flag Thu Apr 3, 2014 Market Conditions in 48221
Ej Joier, Home Buyer in Ferndale, MI
Ej Joier answered:
My credit is really bad and I am trying to get a mortgage. Are there any companies that do a loan for a low credit score?

700 Credit Club can help you!

Through a collaborative partnership with other non-profits and private and public entities, we are able to assist credit-challenged families ... more
0 votes Share Flag Mon Mar 17, 2014 Home Buying in 48221
Ashley Hamil…, Real Estate Pro in Detroit, MI
Ashley Hamilton answered:
Hi all! I need a general contractor to do some rehab work on houses in the detroit metro area. Is there someone you could recommand? Thank you
If you need a Realtor I will be more than happy to work with you.
0 votes Share Flag Tue Jan 14, 2014 Remodel & Renovate in 48221
Betty Waweru, Real Estate Pro in Washington, PA
Betty Waweru answered:
Looking for short sales in the University District, North Rosedale Park, or Sherwood Forest. Would be great if a realtor could assist me.?
Do a look up on the zip codes 48221 (university district) starts from mcnicols, livernois and ends around 8 mile I think. Look up North Rosedale park it is in 48223/48219 zip code. Lo ... more
0 votes Share Flag Sun Dec 15, 2013 Home Buying in 48221
frommetou4, Home Buyer in Detroit, MI
frommetou4 answered:
looking for a land contract rent to own in Sherwood forest or University District. If there is any realtor that can assist that would be wonderful.
Thank you Charlene I will call. To Bob we have $10,000 down and looking for no more than $1,500. month. Thank you
0 votes Share Flag Tue Jun 18, 2013 Home Buying in 48221
Sandra Reed-…, Home Buyer in Farmington Hills, MI
Sandra Reed-gibson answered:
I'm looking for an investor to purchase a home in the Detroit area zip code 48221 then land contract the home to me and my family.
Landcontractdetroit@gmail.com has the solution you are looking for, call and ask for Sandra Reed-Gibson, today 313-971-3371 We have buyers looking to invest in the 48221 zip code
0 votes Share Flag Tue Apr 16, 2013 Home Buying in 48221
Sandra Reed-…, Home Buyer in Farmington Hills, MI
Sandra Reed-gibson answered:
We found a home in Normandy Park, WA but got caught up in the foreclosure/bad loan mess, & won't qualify & don't have 20% down.
They have the answer to Land Contracts in Detroit. It's only 10% down and they will help you. Call Sandra Reed-Gibson for assistance at 313.971.337 ... more
0 votes Share Flag Tue Apr 16, 2013 Home Buying in 48221
Joe Bertera, Real Estate Pro in Novi, MI
Joe Bertera answered:
who is responsible for C of O in a short sale in Detroit MI?
It would depend on how your purchase agreement was written up. You should consult your Realtor.
0 votes Share Flag Thu May 10, 2012 Home Buying in 48221
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
how can I find out who owns 17563 Ohio, 48221? It is just a frame and has been empty since 10/01/2010.
Fannie Mae currently owns that home.
1 vote Share Flag Mon Feb 14, 2011 Home Buying in 48221
Sally Grenier, Real Estate Pro in Longmont, CO
Sally Grenier answered:
Will the city of detroit re-certify a home inspection that has expired? The first inspection didnt need any work We're closing soon
What does your agent say? Please tell me you have a Realtor working for you.
0 votes Share Flag Thu Jan 6, 2011 Home Buying in 48221
Michael Warr…, Real Estate Pro in Novi, MI
Michael Warren answered:
When , Where and how do you apply for the NEZ rate in the sherwood park/forest/university district. what is the criteria?

Go to the city of detroit website and look under residents for information and locations of NEZ neighborhoods.


Mike Warren
Keller Williams Realty
0 votes Share Flag Sat Jan 1, 2011 Home Buying in 48221
Melinda J. R…, Real Estate Pro in Hudsonville, MI
Melinda J. Robison answered:
How do I find homes for short sale?
I think Anna gave you good advice when saying consider working with a buyers agent. I know in our multiple listing service it is in the agent comments. However, the public / buyers do ... more
0 votes Share Flag Thu Aug 19, 2010 Home Buying in 48221
Js, Other/Just Looking in Detroit, MI
Js answered:
What is the NEZ tax reduction rate applicable to Sherwood Forest? 18% 30% or somewhere in between?
The NEZ cuts the operating mills for the county and city by 50% for 15 years. City 19.8 cut to 10. County 9.5 cut to 5. Total mills reduced from 64 to 49/50mills for county and city f ... more
0 votes Share Flag Mon Feb 16, 2009 Home Buying in 48221
Gary Smith, Real Estate Pro in Michigan
Gary Smith answered:
How do I sell my rental property in this market? over $127k left on the mortgage.

For your rental property, I suggest speaking with your tax professional prior to attempting to sell. They can explain any additional tax consequences or benefits.

In general ... more
0 votes Share Flag Wed Sep 17, 2008 Home Selling in 48221
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