Unless the buyer who makes an offer on your home has the resources to qualify for a mortgage, you may not really have a sale. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know its important that you try to determine a buyer’s financial status before signing the contract. Your agent needs to make sure that the buyer has been prequalified or preapproved for a mortgage. These buyers will be in a much better position to obtain a mortgage promptly. The buyer needs to have enough money to make a down payment and cover closing costs. Ideally, a buyer should have 20 percent of the home’s price as a down payment and between two and seven percent of the price to cover closing costs. Check out below to see what sold in Yorkshire Place in September 2018:
24795 White Plains Drive, Novi: 3 bedrooms, 2.1 bathrooms, 1,921 sq. feet, 3 car garage, Sold Price: $322,500
Yorkshire Place Home Sold
September 2018
24824 Sutherland Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,517 sq. feet, 2 car garage, Sold Price: $385,000
Yorkshire Place Home Sold
September 2018
If your buyer has too much debt and owes a great deal on car payments, credit cards, etc., he or she may not qualify for a mortgage. For more information on Yorkshire Place, or similar Northville or Novi neighborhoods such as Liberty Park, Deerbrook and Greenwood Oaks, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.