Purchasing a home in a seller’s market doesn’t have to be challenging. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that some preparation and a strategy may give you an advantage over other potential buyers and increase your chances of having your offer accepted by a seller. You need to determine your loan options and obtain a pre-approval letter from a lender prior to beginning the home search. Some homes are going under contract within days, if not hours, so being able to move quickly with financing is often a plus. The letter gives you an idea of how much home you can afford so you can easily eliminate homes not in your price range and lets sellers know you have been vetted financially. Remember, being pre-approved does not guarantee a mortgage so be prepared to shop around with different lenders or work with a mortgage broker. Check out below to see what sold in Hills of Crestwood in February 2019:
17708 Rolling Woods Circle, Northville: 4 bedrooms, 4.1 bathrooms, 3,592 sq. feet, 3 car garage, Sold Price: $548,000
Hills of Crestwood Home Sold
February 2019
If you want your offer to compete with multiple offers, consider having your real estate agent include an escalation clause. The clause details how much you’re willing to pay over competing offers. Including an escalation clause in your offer is another way to show a seller that you’re a serious buyer. For more information on Hills of Crestwood, or similar Northville or Novi neighborhoods such as Wintergreen Park, Kirkway Estates and Bella Terra, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.