Timing and location are very important in real estate. Owning our own home is a goal we all have, but being sure you can comfortably afford the home you want, in the neighborhood you love, transforms your house into a home. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that if you are being tied to the idea of buying a home, when the house you want is a financial stretch, isn’t a good idea. Don’t count on your lender to advise you of the mortgage payment you can comfortably afford. Once you decide your budget and start looking at properties, it’s easy to convince yourself that you can buy more house than you can comfortably afford. Resist that temptation. Revise your expectations, or defer until you can afford more by saving a little longer and grow your deposit. The market might even move in your favor. Check out below to see what sold in Brooklane Ridge in December 2018:
16526 Brooklane Blvd., Northville: 4 bedrooms, 4.1 bathrooms, 3,197 sq. feet, 3 car garage, Sold Price: $575,000
Brooklane Ridge Home Sold
December 2018
Ultimately, your lender’s revenue depends on maximizing your loan amount, while minimizing their risk. The smart buyer, understands what their upper mortgage limit is and sticks to it. For more information on Brooklane Ridge, or similar Northville or Novi neighborhoods such as Willowbrook Farms, Timber Ridge and Chase Farms, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.