Lakes of Northville Real Estate Sales Report in August 2018

Homeowners should know that there are many different types of warranties.  The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that homeowners who are not listing their home for sale or who purchased their home more than 90 days before applying for the warranty can purchase a Homeowner Warranty.  Sometimes these warranties do not go into effect for 30 days.  Those selling their home can purchase a Seller Home Warranty during the time the property is listed for sale.  The warranty becomes effective as soon as it’s paid for and covers the property during the listing.  This plan can be transferred to the buyer at the closing.  There is also a Buyer Conversion Warranty.   This is a warranty purchased by the seller and transferred to the buyer immediately on the day of the closing.  These can help motivate a buyer to purchase one home over another.  Check out below to see what sold in Lakes of Northville in August 2018:

42089 Waterfall, Northville:  4 bedrooms, 2.1 bathrooms, 2,723 sq. feet, 2 car garage, Sold Price:  $430,750

Lakes of Northville Home Sold
August 2018

You can also purchase a Buyer Direct Home Warranty.  This is a warranty purchased by the buyer or by the buyer’s real estate agent that becomes effective on the day of the closing.  The buyer can purchase this type of warranty up to 90 days after a closing.  Most home warranties are effective for one year and are renewable.  A Renewal Warranty Contract is a home warranty policy that has been renewed.  For more information on Lakes of Northville, or similar Northville or Novi neighborhoods such as North Hills, Northville Colony Estates and Roma Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.

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