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Articles Tagged "First-time buyers"

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Home Tips | 5 Posts
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July
25

House Hunting in Livingston County

Technology has made it possible to buy and sell property with very little in-person contact. In fact, you can be an entirely different city during your real estate transaction. Our real estate agents have helped many buyers find new homes using video conferencing and other online tools. Here are their top 5 tips for anyone who is interested in buying a home remotely

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July
18

July Market Activity

As the summer heats up, Livingston County's real estate market continues to move at a brisk pace. The most recent market data is highlighted by inventory growth, a substantial decrease in the number of days homes are spending on the market before being sold, and a slight decrease in median sales price compared to the spring. Our real estate agents are here to keep you informed with all of the latest data on Livingston County Market Activity for July 2022.

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July
11

Real Estate Agents

You're ready to sell your home, but you aren't sure if you can handle the task on your own or if you should hire one of our real estate agents. We think it's important for potential home sellers to understand what a real estate agent does so that they better understand the value and convenience provided by an agent. Here's what you need to know. 

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June
20

Market Activity

As spring turns to summer, the Livingston County real estate market continues to heat up along with the weather. The latest trends show increases in inventory in Livingston County and decreases in the number of days that properties are spending on the market before being sold. Our real estate agents have all of the latest details in our report on June 2022 Market Activity in Livingston County.

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April
18

April 2022

When the weather gets warm, the flowers start blooming, and the days grow longer, you can be sure that we're entering one of the busiest times of year for real estate transactions. Staying up to date on the latest real estate trends in Livingston County is key to achieving your goals, whether you're planning to buy or sell a home this spring. Our real estate agents are here to help you make informed decisions with the latest market activity data for Livingston County.

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February
14

HOA Tips

If you want the security of knowing that other homeowners in your area must maintain their homes to a specific standard, our real estate agents know that purchasing a home in an HOA can encourage a clean, well-kept neighborhood.

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January
3

2022 Move

There are a thousand little details to take care of as you go from one house to another. It can easily get overwhelming. However, it's not so bad with a little bit of planning. Here are a few tips to make your move in 2022 as seamless as possible.

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December
27

Real Estate Agent Tips

Utilizing the services of a real estate agent to help you sell your home in 2022 is a wise decision. A real estate agent can save you time when it comes to navigating paperwork and can get you a much better price for your home. But once you've said yes to using an agent, how do you find the right one?

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December
20

December 2021

Information is power when you're making a real estate decision, and understanding the latest market trends can help you achieve your goals. We keep a constant eye on the most up-to-date data on the real estate market in Livingston County to help you make informed decisions when buying or selling a home. Our real estate agents have all of the latest details in our December Market Activity report for Livingston County.

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November
22

Market Cooling Down

It's no secret that the housing market has been HOT for the past several years. However, all market trends eventually come to an end. Buyers have started asking our real estate agents whether things are finally cooling down and what they should expect going forward. 

While no one has a crystal ball, the latest data shows that inventory is creeping up, some homes are staying on the market for longer, and some home sellers are cutting prices. What does this mean for you and your home buying or selling prospects? Here are a few of our predictions. 

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September
27

September Livingston County Market

Shopping for a home is so much easier when you can base your decisions on real, proven data, and our real estate agents keep a watchful eye on the Livingston County real estate market in order to keep you up to date on the latest trends. Staying up to date on the trends makes it simpler to choose between comparable homes, make competitive offers, and plan out your budget for a home purchase in advance. Discover all of the latest trends in our report on September Market Activity for Livingston County real estate.

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August
9

Vacation Home

If you've dreamed of owning a vacation home your whole life, you're certainly not alone. Vacation home purchases were up 16% in 2020, an increase that was driven by the pandemic and the flexibility of remote work. Whether you need a new place to rest and relax, or you're looking to supplement your income with a rental property, it's easy to see the appeal behind investing in a second home.

Especially here in Livingston County, with our close proximity to relaxing lake living.

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June
15

Bidding War

When the real estate market favors sellers, our real estate agents know that it's common for homebuyers to get into a bidding war. A bidding war occurs when two (or more) potential buyers put in offers on a home at the same time.

If one offer includes terms or conditions that are more favorable, the seller can select that offer. However, it's also possible that the buyers will need to revise their offers one or more times until one offers a higher price. Here are some guidelines to follow when you're in a bidding war. 

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May
17

May Market Activity

Our real estate agents spend every day immersed in the Livingston County real estate market, and we are happy to share the key details with you to help you make informed real estate decisions. Catch up on all of the latest data for Livingston County real estate with our May Market Activity data.

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April
19

April Livingston County

A deep understanding of the local real estate market is critical to success, whether you're ready to buy, sell, or simply gathering information to help you decide what to do next. The Livingston County real estate market has seen increased activity this spring, and our team is keeping an eye on every detail to help you stay informed as you plan your next real estate transaction. Our real estate agents have all the key information, in our April Market Activity report for Livingston County real estate.

April Market Activity for Livingston County

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February
15

February Livingston CountyAt Griffith Realty, our real estate agents are always working hard to support the success of our clients.

A big part of that commitment is staying engaged with every detail of how our local market is changing. By identifying trends, we help you reach your real estate goals here in Livingston County.

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February
1

VA Loan Changes

Our real estate agents work with many military veterans interested in buying a home. Servicemembers have unique access to a special mortgage loan program sponsored by the Department of Veterans Affairs. Known as the VA home loan, it provides mortgage loan options with favorable terms and few upfront costs.

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December
21

December Market Activity

As the holiday season lights up our lives, you may think buying or selling a home is the last thing on someone's mind. While our real estate agents understand that most individuals are quite busy during this time of the year, we want all of our potential clients to know that we're working around the clock to make their real estate goals come true. In fact, we've helped many men and women add buying or selling a new home to their holiday checklist. Have you been wondering whether or not you should wait until 2021 to follow through on your real estate plans? 

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September
28

Closing Process

So you made an offer on the home of your dreams, and the seller accepted. The last thing you want to do is prolong the closing. Your mortgage is contingent on you maintaining the same financial profile throughout the closing period, and any abrupt changes may lead to problems or delays. Our real estate agents made a list of the five things you shouldn't do during the closing process.

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September
10

Competitive Market

In a competitive real estate market, home sellers have an advantage over buyers. You can still find a great home at a price you can afford, even in this type of market, but you may need to make your offer stand out in case the seller receives other offers. The amount of money you're willing to spend is important, of course, but there are also other ways to give your offer a boost in the eyes of the seller.

Our real estate agents suggest the following ways to make your offer stand out in a competitive housing market:

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July
13

Real Estate Myths

Everyone who has ever bought or sold a home has opinions about the real estate market, which can make it hard to separate fact from fiction. Some of the most common tips that you'll hear about the real estate market are based on myths, and some of those myths have had impressive staying power across generations. Our real estate agents are here to set the record straight, with 5 myths that you shouldn't believe about the real estate market.

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April
13

Dream home in Brighton

Searching for your dream home is exciting, but it can be a burdensome task as well, especially if you've looked at a lot of houses and still haven't found "the one." One of the most rewarding parts of showing Brighton homes for sale is helping house-hunters realize their dreams and find a home they love. Trusting your gut while being practical can be challenging. Our real estate agents provide some tips for how to know when you've found what you're looking for.  

  1. It Feels Like Home
    Sometimes when you walk in the door of a house, you immediately feel comfortable. Even if the current homeowners' furniture and personal belongings are in the home, you feel happy and can envision your own stuff there. 
  2. It Meets Your Requirements
    Before you start house hunting, it's critical to sit down and make a list of must-haves for your new home. If you can check off most of the boxes on your list for a specific home, it may just be the one that's found you! While it's true that you may have to compromise on some things, think about what's important to you. For example, if a fenced yard for your dog is a must, but you love a home with a great yard but no fence, remember that you can always install one after you move in.

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November
18

Saving for Down Payment

For a variety of reasons, many people consider moving away from their hometown. Whether it's for a new job or just a new start, here are some helpful money-saving tips before you relocate to one of the great Brighton homes for sale.

  1. Create a Budget
    This is the number one rule for all major financial undertakings. Have a reasonable idea of what your expenses will be and build in a cushion to cover unexpected costs. Include factors such as moving services and supplies, deposits and down payments, fuel, and overnight travel.

  2. Save Your Tax Refund
    Tax refunds are more or less "found" money not accounted for in regular household budgeting, so they can go a long way toward covering the expenses of moving.

  3. Pare Down Your Possessions
    Start going through clothing, furnishings, and other household items to determine what stays. Take whatever doesn't make the cut and pick up some extra bucks by holding a garage sale or selling the items through eBay or a consignment shop. As a bonus, you'll reduce expenses and labor by having less to move.

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September
30

Personalized Offer Letter - Griffith Realty

Buying a home is a big decision. For buyers ready to make an offer on any of the Livingston County homes for sale, it is a decision that involves finding the perfect fit for their family and financial future. For sellers, it means choosing the right buyer who will take care of the property and safeguard the memories they made in the home. As a buyer, writing a personalized offer letter can help seal the deal. A well-crafted letter assures the seller you are the right person to entrust their home to.

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January
28

First-time Buyer Tips - Mortgage Application
So you've committed to buying a home, congratulations! Deciding to own a home is a big step, but there's still a lot more to work through before you move into your new digs. How you pay for that home is what we're talking about, and getting a mortgage is how to get there. As a first-time homebuyer, you likely have a lot of questions about getting a mortgage, so our real estate agents put together this list of tips for applying for a one.

First-Time Buyer Mortgage Tips

  • What Can You Afford?
    This is a great place to start your mortgage journey, and it begins with affordability. Generally speaking, lenders will look at your finances and use approximately 25% of your gross income to project what you can or should afford in a mortgage. Using that formula, you can play around with the numbers. In other words, if you make $100,000 per year, then you should be able to spend around $25,000 on housing annually or about $2,000 per month.

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December
31

Brighton Buy a Home
Buying a home is a significant investment that requires you to dig deep into your pockets. At first, it may feel like an impossible challenge. However, it is not as impossible as it seems. With a little planning and the application of a smart financial strategy, you can move into your new home sooner than you may think.

Four Strategies that Lead to Homeownership

  • Get Your Financial House in Order
    As a general rule, you will need to save at least 5% of the home's price for a down payment. That is why our REALTORS® recommend getting your financial house in order as soon as possible. This involves cleaning up your credit, paying down debts, and trimming your monthly expenses to the bare minimum. You may need to sell-off non-contributory assets such as extra cars, refinance existing loans, or cut back on the weekly latte meetings with friends. These factors have considerable influence on your ability to save. When these are taken care of, you will find it much easier to save up the down-payment. How long it takes to accomplish these objectives is up to you. Motivated buyers have been known to do all of this in one year. More commonly, it takes between two to three years.

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December
3

Home Buyer Gift Ideas
As you finalize your Christmas gift list, don't forget your new homeowner friends. If they're like many homebuyers, they've spent a lot of time and energy finding the perfect home among beautiful Brighton homes for sale

As your friends prepare for their first Christmas in their new home, they deserve a nice gift to celebrate their success. Our REALTORS® did the research and compiled a list of great gift ideas for new homeowners. You can find them in your local stores or order them online to save time.  

  • Keyless door lock
    When you give your friends a keyless door lock, they can install it themselves, save locksmith re-keying costs, and never have to worry about door keys again. You'll find an assortment of keyless locks at your local hardware store or visit GoKeyless for simple push-button keypad combination locks, digital keypad locks or connected smart locks.

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August
28

Buying a Home in Brighton Contingent Listings
Every now and then when you are searching for a home, you will see the term "contingent," which can be confusing for anyone new in the real estate industry. A contingency simply means that a certain condition needs to be met before a buyer can finalize the purchase of a home. If the contingency isn't met, the house will still be available for sale on the open market. Here are just a few of the most common contingencies and how our REALTORS® can help guide you throughout the entire home buying process.

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August
21

Buying a Brighton Home in a Seller's Market
If you've been searching for your dream home among Brighton homes for sale, you're probably tired of hearing about the seller's market. Unfortunately, you can't avoid the seller's market dynamic. Inventories are low. Home prices are high. To further complicate your quest, mortgage rates keep fluctuating.

Our REALTORS® understand your concerns about the current home buying climate. We've put our best advice into our quick-read guide: "How to Survive in a Seller's Market."

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July
24

Save for a Down Payment
5 Ways to Save for a Down Payment

Saving for a down payment isn't an easy task. Many first-time home buyers feel overwhelmed paying such a large sum of money in addition to the various closing costs involved in buying a home. However, you can save enough money for a down payment by following these simple tips and taking advantage of special financing programs. Our REALTORS® have compiled this list of helpful hints so you can save your money for a down payment and purchase your dream home. 

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July
3

Home Closing Tips
You've scoured the local real estate market searching for Brighton homes for sale and found the perfect home: The one that makes you excited to envision your future life. But wait! It's not quite over yet. You still have to close on your new home to make it official, and there are a few things that can jeopardize that event. Make sure to avoid these five things:

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May
29

Buying a Fixer-Upper
In the debate between buying a brand new home and a fixer-upper, each side has its proponents. If you're leaning toward the latter, there are some pretty significant benefits worth considering.

Buying an older home can offer huge savings compared to new construction, but chances are you're going to have to do a little work to make your house really feel like your dream home. Here's what you need to know about buying a fixer-upper. 

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May
21

Buy First Home

6 Things to Consider Before Buying Your First Home 

When you're searching for your first home, the process can seem overwhelming. The thrill of finding the right place and making an offer. The anxiety of the home inspection process. The stress of waiting to see if your loan goes through. These emotions and other factors may result in you paying more for your home than you should.

Our REALTORS® believe that buying a home is a big part of the American dream but you shouldn't pay more than your dream is worth. Our advice to you: Don't Overpay for Your First home. We offer these important tips to help you avoid the overpayment dilemma.

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