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Home Buying in Detroit : Real Estate Advice

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  • Local Info90
  • Home Buying790
  • Home Selling80
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Activity 1,204
Peter Marsele, Real Estate Pro in West Hartford, CT
A few hours ago
Peter Marsele answered:
There are better markets than detriot in the us for rental properties. Email Madisoncm11@gmail.com to discuss further. Thanks. Pete
0 votes 16 answers Share Flag
Aprilpitts20…, Home Buyer in Oak Park, MI
Fri Jan 20, 2017
Aprilpitts2000 asked:
Jeremy Alexa…, Real Estate Pro in Detroit, MI
Thu Nov 17, 2016
Jeremy Alexander answered:
Jefferson Village is one of the communities..along w victoria park, university district and sherwood forest that I work heavily..how can I assist ?
0 votes 1 answer Share Flag
Tyrondarecord, Home Buyer in Detroit, MI
Mon Nov 14, 2016
Tyrondarecord answered:
How do you get licensed and bonded, i stay here in michigan and what bank do i go too..??
To get cleaning contract..
0 votes 111 answers Share Flag
Deidra Hill, Renter in 48221
Sun Nov 13, 2016
Deidra Hill asked:
Any real estate agents that is an expert? Any approved FHA 203k Lender recommendations? Any 203k contractor recommendations? Also I have bad credit :(
0 votes 0 Answers Share Flag
Tony Grech, Real Estate Pro in Southfield, MI
Mon Nov 7, 2016
Tony Grech answered:
I do a lot of new construction- especially in Michigan - and it is very common for the builder to pass along the owner's title policy costs to the buyer. In fact, I think most of the time that is the standard operating procedure.
However, everything is negotiable so you can certainly ask and the worst they could say is no.

If you need any assistance with a mortgage please feel free to give me a call.

thanks!
Tony
... more
0 votes 1 answer Share Flag
Wes, Home Buyer in Southfield, MI
Thu Oct 13, 2016
Wes answered:
Naca.com. You can buy anywhere.
Buy Detroit. Fitzgerald Community. Right by 2 colleges
0 votes 1 answer Share Flag
Wes, Home Buyer in Southfield, MI
Thu Oct 13, 2016
Wes asked:
Is anyone buying in the Fitzgerald District in Detroit. The city is doing something new there and it looks great. Plus it is by 2 colleges.
0 votes 0 Answers Share Flag
Lloyd48206, Home Buyer in New York, NY
Thu Oct 6, 2016
Lloyd48206 asked:
How do you guys decide whats makes a high crime area? I see areas in Detroit shaded green means low/lowest, but in Redford a green area means highest. I'm a little confused.
0 votes 0 Answers Share Flag
Cpruitt50, Home Buyer in New York, NY
Thu Sep 29, 2016
Cpruitt50 asked:
Ronald Simps…, Home Buyer in Detroit, MI
Thu Sep 29, 2016
Ronald Simpson asked:
Eduardo640, Home Buyer in Detroit, MI
Wed Sep 28, 2016
Eduardo640 asked:
Keith C Monz…, Real Estate Pro in Naples, FL
Fri Sep 16, 2016
Keith C Monzillo answered:
For this answer assume you are asking me for the loan. Of course you can get financing. This haw I make my living.

Regardless of your credit score the process is the same. The hardship you anticipate is not as painful as you think. Here is what you need to be prepared to answer.

1. How can you afford to buy the home you what?
2. Since your credit rating is lower than some, you need to demonstrate you are committed to the purchase and your obligation to repay a loan. That means a downpayment of your own money. You lose your downpayment if you stiff me on the loan.
3. I assume risk by lending you my money, after all I want to make money not own a house where you painted all the walls black. The greater my risk, the more I worry about getting my money back, so your Credit Rating is my worry line. You make me worry, I charge you more than people who don't make me worry. That is in the form of the percentage you pay on the loan.
4. Bottom line is question number one. Can you put down enough of a deposit so that you can afford the slightly higher risk/percentage you pay for the loan?
... more
0 votes 7 answers Share Flag
Ray1974alh, Home Buyer in New York, NY
Sat Sep 10, 2016
Ray1974alh asked:
Mira Gusev, Renter in Grosse Ile, MI
Sat Sep 3, 2016
Mira Gusev answered:
Hi am loking for hause with lend contract at macom township or clinton township or shelby township sterling heaghts or romeo plenk plese can you call me in disgust with that a sold my hause at utica a need to find a hause abaut 2 weeks time ma credit score is wery daown now for thet rison am loking for lend contract a heve same mony to put doow plese koll me my neme is mira gusev phone 586 804 9306 thank you so moch a weiting for you ... more
0 votes 7 answers Share Flag
Sally Grenier, Real Estate Pro in Boulder, CO
Thu Aug 11, 2016
Sally Grenier answered:
Of course! What you're referring to is a cash purchase (vs getting a mortgage on the house). First place to start is to determine how much cash you have on hand. Then find a Realtor who can work for you as a Buyer's Agent. They'll be able to search for homes in your area that fit your search criteria and your budget. Good luck! ... more
0 votes 1 answer Share Flag
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