HOLLY HURD ~ REALTOR® ~ NORTHVILLE MICHIGAN: #buyingahome

Showing posts with label #buyingahome. Show all posts

Friday, October 6, 2023

Friday is WHY Day - Why Do People Stress?

Moving causes many people to stress. First of all, you're not alone. Stress is a natural physiological response to a demand. As a REALTOR®, I meet many clients (buyers and sellers) who have many reasons for moving and sometimes moving is harder than it sounds depending on what issues you are going through at the time. Everyone responds to stress differently and the causes for stress are numerous. No two buyers or sellers are in the process of moving for the same reasons.

Why do people move?

Marital/Relationship Status
Job Change/Loss
Children/Teenagers/Education/Bullying
Nosy Neighbors
School Districts
Location/Changes
Health Issues
Death/Dying/Dealing With Loss
Environmental Changes
Rental Reasons
Affordability Issues
Physical/Emotional/Mental/Financial Reasons

Why does moving have to be so hard?

Unexpected Disruptions
Sorting Through Stuff Triggers Memories
Increased Heart Rate and Blood Pressure
Money Problems
Not Having Boxes, Packing Tape, Bubble Wrap, Markers
Not having Help
Not Finding Stuff You Need When You Need It
Physical Tensions, Stiffness in Joints, Pain in Knees & Muscles
Moving Stuff from One Room to Another - Not Accomplishing Anything
Landlord Puts Pressure on Renters
Employers Put Pressure on Employees
Spouses Put Pressures on Each Other
Kids Put Pressures on Parents
People Put Pressure on Themselves
Low Inventory
Houses Cost Too Much/Taxes Too High
Don't Know Where to Go
Cost to Buy or Rent
Transportation/Moving Trucks
Deciding What to Donate, Throw Away, Keep
Kids Have Their Own Needs & It Doesn't Include Moving
School & Extracurricular Commitments
Long, Demanding Business Meetings
Pets (Old Pets, Puppies, Running Away Pets, Tripping over Pets, Sick Pets)
It's Depressing To See How Much Stuff You Have
You Need Help and There Is No Help or You Don't Want Help
Dealing With the Unknown
Family Members, Kids, or Neighbors Don't Want You To Move
Realizing You May Not Get What You Want

What are some options & helpful hints?

Make Realistic Goals
Live Within Your Means
Find The Right Professionals To Help You
Make Plan A, Plan B, and Plan C - Repeat if necessary or Start Over
Breathe Deeply
Never Go To Bed Mad or Angry
Honor & Acknowledge Your Losses & Responsibilities
Eat Healthy
Exercise
Get Proper Sleep
Know Your Limitations
Recognize What You Did Before May Not Be What You Can Do Today
Avoid Making Serious Health Issues Worse
Have A Running Away Money Jar, Plan, or Means to Break Free Temporarily
Plan For Best and Worst Case Scenarios - Make a Decision
Talk to Your Financial Advisor or Lender
Know Your Options
Turn Off the Internet and Television and News Media
Get Organized and Stay Organized
Explore Delivery Services and Transportation Options
Know Who Is Reliable And Who You Can Call
Swallow Your Pride and Ask For Help When You Need Help
Know Not Everyone You Thought Could Help Can and Will Help
Have Back-Up Plans
Focus on Your Needs & Learn to Let Go

Books You May Find Helpful

"The Life Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing, by Maria Kondo.
Mayo Clinic Books Include:
- Guide to Stress Free Living
- Strategies to Reduce Burnout
- Stress Management Workbook
- The Resilient Life Manage Stress
- Overcoming Stress
Moving Checklist by Martha Stewart

Holly Hurd~ Berkshire Hathaway HomeServices Kee, Realty.... your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing marketplace a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket #hometown #hollyhurd #home

#historicnorthville #buy #buyingahome #buyrealestate #condo #homeforsale

#northvillemi #sellingyourhome #smalltown #shop #bhhs #buildahome
#moveinmichigan #greattimetobuy #SOLD #realestateforsalemi

#puremichigan #berkshirehathaway #sellahome

Thursday, November 17, 2022

Homebuyer Competition Is Easing

It's no secret that buyer demand has been extremely high ever since the Federal Reserve substantially reduced interest rates during the pandemic. In fact, the median value of a home grew by more than 17% in 2021, which was the result of exceedingly high demand and a relatively low housing supply. When the market conditions heavily favor the seller, it's common for intense bidding wars to take place and home prices to be driven up as a result. While buyer competition is still high, there are signs that competition is easing. Frantic Buyers Fewer OffersAccording to a recent report by the National Association of Realtors, the average number of offers made on sold homes has dropped by a considerable amount over the last few months.

The average number of offers per home reached a high of 5.5 in April 2022. Since then, the numbers have dropped steadily with each passing month. In May the average was around 4.0 offers, in June it fell to 3.3, and by July the average was just 2.5 offers per home. This number may drop even further in the months to come. Higher Interest RatesThis decrease in offers can be attributed to two things. Number one, higher interest rates. Multiple Fed rate hikes this year have made it more expensive to buy a home and have caused some buyers to leave the market temporarily. Number two, a slightly higher inventory of homes on the market. Buyers have more options to choose from and may not be scrambling to put offers in. With lower buyer demand and more homes on the market, competition is effectively reduced. What These Trends Mean for You Even though there were a high number of buyers that were searching for homes in 2021, many potential buyers decided to stay out of the market because of the intense competition. Even if you were willing to offer more than asking price, there was a good chance that you would have been outbid throughout most of 2021. What the last few months indicate is that buyer competition is easing, which significantly reduces the possibility that you'll need to manage a bidding war. Even though the market is still tilted towards sellers, a greater number of homes on the market means that potential buyers may be able to make an offer and purchase a home without too much hassle.

If you avoided buying a home over the past couple of years because of the high competition, now might be a great time to start searching for a new home. Even though buyer demand is still relatively high, it has dropped considerably over the past few months. If you're in the market for a new home, you should have less competition when making an offer.

Holly Hurd~ Berkshire Hathaway HomeServices HWWB, REALTORS.... your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing market place a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket #hometown #hollyhurd #home

#historicnorthville #buy #buyingahome #buyrealestate #condo #homeforsale

#northvillemi #sellingyourhome #smalltown #shop #bhhs #buildahome
#moveinmichigan #greattimetobuy #SOLD #realestateforsalemi
#puremichigan #berkshirehathaway #sellahome

Wednesday, June 24, 2020

WHEN I BUY NEW CONSTRUCTION, DO I NEED AN AGENT?

The new construction process is no less complicated than an existing home purchase. There will be a buyer, a seller, title insurance, a mortgage, an appraisal, home inspections and a bevy of other legal considerations to navigate. The construction company will have their own representation. So should you. Having an agent is truly the way to go.

Why Realtors Matter to a Buyer

Buying a home isn’t just a big financial happening, it’s an emotional one as well. The purchase and construction of your new home is fun, stressful, confusing, and wonderful all at the same time. Throw in financing, negotiation, and closing conditions, and you’ve got a full-time job on your hands. Having an experienced Realtor on your side from day one will make things manageable. Plus, your Realtor is your hub for communications, scheduling, and advice. He or she will ensure that you and all of the other parties to the transaction are on the same page, that they know when and where to show up for meetings, and that deadlines are respected.

So Many Choices

Some of the choices you’ll get to make during the home building process are super-fun. New carpet, cabinets, paint colors – a whole new house! But there are a ton of other choices that feel more like work. Your agent can guide you through these situations and will already have done much of the research on your behalf. Some examples here include where and when to close, which title company to hire, whether to buy furniture or other necessary items before closing, who to trust regarding home inspections and whether to order in extra inspections, whether to agree to updated builder conditions or deadlines, when to list your existing home for sale, whether to sign a lease, whether to purchase flood insurance, and an endless list of other considerations. Your Realtor will help you through the not-fun parts of the building process so you can get to the closing table and enjoy your new home.

Special Considerations in New Construction

Negotiating a new construction deal is like negotiating a normal real estate deal but with a ton of extras. Your Realtor is your number one advocate from start to finish. Yes, you are a client of the builder, but the builder is also the seller. The builder wears two hats throughout the process, serving you as well as serving their own best interests as a business owner. Successful business owners understandably want to earn a profit. Therefore, you must have an advocate (i.e. your Realtor) who knows the construction process and can act in an unbiased fashion to ensure that you get the best finished product for your investment. Plus, your agent will be available after construction is completed to oversee any hold-back items later on (e.g. landscaping).

Here’s an often-overlooked fact: As a buyer, you won’t pay a commission (even for existing home purchases). You might pay a one-time fee at closing to the Realtor’s principal broker. A principal broker’s overhead fee usually runs between $200-$300, but the larger percent commission is the responsibility of the seller. The builder pays a commission to their agent, and the seller’s agent negotiates a share of that fee with your agent. If you don’t enlist the help of a buyer’s agent you are essentially agreeing to have the seller’s agent represent you at the closing table. Is that person the agent you would have chosen from day one?

Contact me today if you are considering new construction.

#historicnorthville #buy #buyingahome #buyrealestate #condo #homeforsale
#northvillemi #sellingyourhome #smalltown #shop #bhhs #buildahome
#moveinmichigan #greattimetobuy #SOLD #realestateforsalemi
#puremichigan #berkshirehathaway #sellahome

Wednesday, March 25, 2020

6 FUN AT HOME ACTIVITIES

I just wanted to post to see how you’re doing and share a few activities. As we all practice social distancing, we find ourselves spending more time at home and with our families. I wanted to share with you a few fun ideas that you can do while at home. Whether it’s finding things for your kids to do while you work or a fun activity to do at night, these activities will have everyone smiling.

Take out a classic board game for a family game night. Monopoly, Candy Land, and Chutes and Ladders are all fun.

Lights. Camera. Action. We all have cameras and the ability to edit videos on our phones. Put your creative hat on and make your own movie with your family playing starring roles.