If you really think about it, there are creative ways to afford a home. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that there are local, state and national down payment programs out there. These programs give qualified applicants loans or grants to cover all or part of your required down payment. Consider a shared-appreciation or shared-equity arrangement. Under this arrangement, your family, friends, or even a third-party may buy a portion of the home and share in any appreciation when the home is sold. The owner/occupant usually pays the mortgage, property taxes, and maintenance costs, but all the investors’ names are usually on the mortgage. Companies are available that can help you find such an investor, if your family can’t participate. Check out below to see what sold in Meadowbrook Glens in August 2018:
24508 Park Ridge Court, Novi: 4 bedrooms, 2.1 bathrooms, 1,735 sq. feet, 2 car garage, Sold Price: $285,000
Meadowbrook Glens Home Sold
August 2018
You can also explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage. For more information on Meadowbrook Glens, or similar Northville or Novi neighborhoods such as Simmons Orchard, Village Oaks and Whispering Meadows, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.