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Bloomfield Hills : Real Estate Advice

  • All74
  • Local Info5
  • Home Buying14
  • Home Selling3
  • Market Conditions7

Activity 49
Mon Dec 28, 2009
John Kane answered:
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 invetigate FHA would be for qualifying.
All other things being equal, you would qualify more going FHA.

Hope this helps----email with further questions.
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Sun Jun 14, 2009
Maureen Francis & Dmitry Koublitsky answered:
Appraisals are the private property of a homeowner or buyer. There is no repository of that information.

I think you might mean assessment information. This is the value the municipality places on the house for tax purposes.

Here is the link for looking up assessments in Rochester Hills. A Realtor can also get you information.

Rochester uses Oakland County' Equalization Division.

Hope this helps.
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Wed May 27, 2009
Kent Tyrrell and Lisabeth Riopelle answered:
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 paid a premium to the auction company as part of the transaction, as much as 10% of the selling price, which may not be reflected in the sale price. ... more
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Sat May 16, 2009
Alan K answered:
I would suggest that you find one Realtor who would be willing to show them any home they wish to see.
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Tue Apr 7, 2009
John Gitre answered:
Linda, these neighborhoods are still desirable. A loss of value does not necessarily mean a lose of desirability. Those areas hold a great interest for buyers. More so now that it is within reach of buyers who may have been shut out before due to the higher prices that were asked. ... more
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Mon Dec 28, 2009
Maureen Francis & Dmitry Koublitsky answered:
How long will you be living here? That is the main question you must ask. In any market it takes a couple of years to recoup the cost of selling a house.

Is your company assisting you on either end with your relocation costs?

There is no straight forward answer to your question. It really depends on your circumstances.

I would be happy to talk to you, if that would help. Feel free to call me. My contact info is on my profile.
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Fri Sep 9, 2016
Sonya Loose answered:
Stevie, I am not sure if the person writing the offer is acting as a buyers agent or not, but one thing to keep in mind is that we as agents have a fiduciary responsibility to our clients. If the client insists on writing an offer with no EMD than we must do that. While I would certainly council my buyers on why this might not be a good idea, if they insist that is what I must do.
When you counter the offer request an EMD that is satisfactory to you and also request a pre-approval letter to accompany. I agree with you but just wanted to point that out! Good luck with your offer!!!!
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Wed Mar 11, 2015
Tman answered:

It's your house, you can do anything you like ... but I'd stay in the hunt.

I'm not saying take the offer, but come back at a figure that you and the potential won't shutter at ... perhaps offer a 2 year home warranty, maybe pay for their move...

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Wed Mar 11, 2015
Jared answered:
Find any paperwork you signed and read it carefully. There is a good chace you signed a contract with her and even if you didn't she will fight any agent you try to hire by saying she found you the house. Read the contract (if you signed one) and you will probably need to talk to her broker. ... more
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