Tuesday, August 13, 2019 / by Paul Wolfert
Are you a homeowner that’s looking to buy a new property but feel stuck because you have to sell the one you’re in first? If you’re in a position where you need to buy and sell at the same time, I’m going to show you exactly how to do it—and it’s easier than you think. In this video, I’ll let you in on 2 secret strategies to find the best deal before someone else does, all while avoiding scary situations that could leave you homeless. Because careful planning and precision timing here are key, and I’m also going to give you a 7-step checklist that will help you transition from your current home into a brand-new property.
Step 1: What Do You Qualify For?
Before you dive into selling your home while you’re trying to buy, be sure to get in touch with your mortgage lender to see if you actually need to sell in order to obtain financing. If you’re able to qualify to purchase a new home without sellin; ...
Monday, June 5, 2017 / by Paul Wolfert
By: Paul Wolfert - "The Move-Up Expert"
From time to time it can be fun to scour the latest “Top Ten” lists of cost-conscious ways to increase the value of your Michigan home.
Some make more sense than others. Upgrading bathroom vanity cabinets appears on some of the house value lists, for instance—but those lists were probably whipped together in a hurry since the return on investment is admitted to be 66%. When an investment returns two-thirds of its cost, it’s hardly competitive. For Michigan homeowners preparing to sell, vanity cabinets don’t belong on the action list.
The best idea lists are the ones which show ROI: the return on investment. Here’s a new compilation, offered purely as food for thought (since the “return” number for any individual case can’t actually be verified)—
Yard improvement, AKA Landscaping. Return on investment registers at a hefty 303% according to the NAR® (and even 400%, per This O ...
Monday, March 27, 2017 / by Paul Wolfert
By: Paul Wolfert
When it comes to the reality of pricing a home in Michigan, it’s natural that buyer’s and seller’s points of view reflect their different roles and objective.
In a way, they’re mirror images of each other.
From the seller’s point of view, pricing their Michigan home starts out from the reality check of the “comps”—the prices registered in recent comparable neighborhood sales. From there, the pricing decision revolves around the tradeoff between maximum asking price versus the desire for a speedy sale.
Even if there's no time pressure at all, serious sellers will still set the asking price below a level that indicates disregard for current market realities. Rather than communicating “this place is worth more than what people are willing to pay,” overpricing only serves to needlessly put off buyers and their agents.
If time pressure is an issue, experienced sellers will peg the asking pr; ...
Thursday, March 16, 2017 / by Paul Wolfert
By: Paul Wolfert
What time is it?
Time to move! Maybe.
The timing for when to buy or sell a home in Michigan can be a decision that pretty much makes itself.
Sometimes family demands call for a move to larger or smaller pad; sometimes a change in career demands or a schooling decision requires a residential switcheroo.
But there are other times when an eventual move is in the cards—but timing is flexible.
That’s a situation where the whole decision can sometimes be based on guesses about the future of Michigan home prices.
This is when people ask me “how much do you think that house will cost next year?” or "Do you think my house will go up/down in value?"
Nobody likes to be taken by surprise—especially if the surprises were predictable.
As we venture into the peak real estate selling season here in Michigan, it would be nice to know the direction home prices are headed.
Right now, it looks as if mortgage interest ra; ...