Most homes on the market are owner-occupied, but that’s not always the case. In recent years, many home owners ended up renting out their homes when they could not sell but needed to move elsewhere. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that the market is shifting, many of those accidental landlords are looking to sell. At first glance, buying a home that’s been rented out by the current owner may not appear different from buying any other home, but there are some potential issues to keep in mind. Some rental homes are in terrific shape: The renters have kept up with maintenance and have even made improvements such as fresh paint. In other cases, the rental hasn’t received much love. Because the home isn’t truly their own, some renters can be rough on a rental. If a home has been unoccupied for a while, find out for how long. Sometimes, although less common lately, these homes are listed at a reduced price. Check out below to see what sold in Northville Hills Golf Club in August 2015:
45977 Riviera Drive, Northville: 4 bedrooms, 3.1 bathrooms, 3,411 sq. feet, 3 car garage, Sold Price: $642,500
46728 Merion Circle, Northville: 5 bedrooms, 4.2 bathrooms, 3,943 sq. feet, 3 car garage, Sold Price: $750,000
Your home inspection will alert you to any repairs the home may need before you move in, and it can give you bargaining power if there are potential issues. For more information on Northville Hills Golf Club, or similar Northville or Novi neighborhoods such as Pheasant Hills, Steeplechase and Stonewater, contact The DiMora Team today at 248-505-7728 or email@example.com.