The housing market may have recovered since its disastrous crash in 2007, but in some markets, home values still haven’t regained their losses. If you bought at the wrong time or in the wrong place you might find yourself underwater and overwhelmed by the fees that come standard alongside a home sale. So will you be stuck with this home forever? Luckily, the answer is no. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that every home has an escape hatch but you may have to take a financial hit in the process. Finding someone to rent might seem like a headache, but with the assistance of a reputable property management company, you can get your home into rental shape and score some amazing habitants who’ll put care into its maintenance and get extra money, via rent, toward your mortgage. You can even get some tax breaks, too. Not only does it provide a direct stream of income, it also offers tax breaks that can go a long way toward helping you regain equity in your property. Check out below to see what is currently listed for sale in Fox Hollow in March 2016:
18151 Lauren Springs Court, Northville: 7 bedrooms, 7.2 bathrooms, 6,358 sq. feet, 6 car garage, Listed Price: $1,499,999
Fox Hollow Active Listing
We recommend discussing your options with your tax professional. If you’re really under water renting it out might actually be your best option. For more information on Fox Hollow, or similar Northville or Novi neighborhoods such as Tuscany Reserve, Maybury Park Estates and Stonewater, contact The DiMora Team today at 248-505-7728 or email@example.com.