A home appraisal is a professional estimate of a home’s value, and usually costs $300 to $500. Your bank will require the official home appraisal to make sure the home you’re purchasing is worth what they have committed to lending you. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that your home appraisal may also determine your property tax amount. If you pay for the home appraisal when it’s performed, it will not be included as part of your closing costs. Check out below to see what sold in The Townes at Liberty Park in February 2020:
27859 Hopkins Drive, Novi: 2 bedrooms, 2 bathrooms, 1,248 sq. feet, 1 car garage, Sold Price: $208,000
The Townes at Liberty Park Home Sold
February 2020
44639 Eller Lane, Novi: 2 bedrooms, 2.1 bathrooms, 1,518 sq. feet, 2 car garage, Sold Price: $260,000
The Townes at Liberty Park Home Sold
February 2020
27978 Middleton Drive, Novi: 3 bedrooms, 2.1 bathrooms, 1,500 sq. feet, 2 car garage, Sold Price: $271,000
The Townes at Liberty Park Home Sold
February 2020
When you place a down payment its the amount of money you’ll pay upfront to get a mortgage. The average down payment on a house is 20%, but it’s definitely possible to put down less. Paying 20% or more will help you get a better interest rate. If you decide to put down less, you’ll likely need to pay mortgage insurance, and your offer may not be as appealing to sellers as someone with a higher down payment. For more information on The Townes at Liberty Park, or similar Northville or Novi neighborhoods such as Briarwood, Country Club Village and Hickory Creek, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.