What are the differences between Co-ops and Condominiums? Co-ops are apartment buildings owned by a corporation. Technically they are not classed as real estate. Individual tenants do not own their apartment; instead they own shares of stock in the corporation. The corporation pays all building expenses including, real estate taxes, maintenance expenses and the mortgage. […]
After you get your real estate license and go to work for a broker, how do you get started in the business? The best way to gain your first clients is through networking within your personal sphere of influence. Write down a list of all the people you know, family and former co-workers. Tell them […]
Will adding a second bathroom to your house add value to your homes worth? Whether you plan to sell your home or use it as a rental/income property in the future, buyers and renters prefer two bathrooms. A feature like a second bathroom can be just the item to push a buyer/renter toward a property over another […]
There are three kinds of contingencies that can be applied to an offer on a house. A home inspection contingency could well be the most important one. It gives the buyer the right to have the home professionally inspected. If something is wrong, the buyer can request it be fixed or they can back out […]
If you are searching for a house, you are not required to use the listing agent to see any house. It is almost always to your advantage and will almost never cost you anything to have your own agent. This is a buyers agent. A buyer’s agent is an agent who works with buyers, not […]
If you decide to renovate your kitchen a few years before you sell, you will have the enjoyment of living with your new renovation for the time you are still living in the house and it certainly will help the value when you are ready to sell. If you want to move now and are […]
If you own your property fully and your tenant wants to purchase it over time, you can do a lease purchase agreement in which you have negotiated the purchase amount, determined the lease payments which are more than the current rent payments of which a portion of it will be applied toward the purchase price […]
Timing your move out of one house and into another is a delicate feat. In addition to the usual stress of packing and arranging to have your things transported, you also need to coordinate with the current owners of your new home and the incoming residents of your current home. And since no one wants […]
Most people love their homes. It’s where they’ve lived, loved, laughed, created happy memories and raised their family. But when it comes time to sell, it’s important that they distance themselves from those emotions. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that failing to do so can […]
Pricing a house is like art, there’s no magic formula. The four factors that determine the value of your home are: a) Property Condition; b) Market Condition; c) Property Location and d) Asking Price. The “art” part comes in with the realtors perception and knowledge of the local market, down to your neighborhood. The DiMora […]
