The real estate industry does a great job of reminding homebuyers that they’ll need a down payment – typically from 3 percent to 20 percent of the total loan amount – when they purchase a home. What they often fail to inform real estate consumers about are the loan’s closing costs – the money you will be required to pay before the house is yours. This is most likely because closing costs are a little harder to pin down. They vary wildly and depend on the type of loan, the amount of the down payment, and a host of other factors. Unfortunately, this lack of information frequently causes real estate deals to disintegrate. To avoid this particular problem, pay attention to all communications from your lender. Just before closing you will receive a “Closing Disclosure,” which is quite similar to the estimate, but these figures are final. Again, review the “Cash to Close” figure. Check out below to see what sold in Old Orchard Condos in June 2025:
24683 Old Orchard St. #210, Novi: 2 bedrooms, 1.1 bathrooms, 1,048 sq. feet, Sold Price: $212,000
Old Orchard Condo Just Sold
June 2025
Most real estate deals conclude successfully. Typically, it all comes down to the experience of your agent. Choose wisely and you’ll avoid the common pitfalls that can derail transactions. For a smooth, low-stress real estate transaction, slow down, keep your expectations realistic and heed the advice of your real estate agent or attorney. For more information on Old Orchard Condos, contact The DiMora Team today at 248-505-7728 or jim@dimora.com