Lee Morof's Real Estate Blog

Buying a new home is a big decision. Your home is your greatest financial asset. It is also your refuge from the world and a place where you can relax. You will ideally spend a considerable amount of time in your home, so you want to buy the right one for you and your family. Make sure you avoid these common mistakes when buying Troy Michigan real estate.

1. Buying a home you cannot afford. If you cannot afford to pay for your home, you risk losing it in a foreclosure. To determine if you can really afford a home, you have to look at more than the asking price. Not only do you need to make your monthly mortgage payment, you also need to pay for your home’s regular maintenance.  
2. Buying a home without doing your homework. Appearances can be deceiving, especially with homes. What appears to be beautiful stucco exterior can disguise a rotting wood frame. A fresh coat of paint can cover mold and water damage behind a wall. This is why you should always have a home inspected before you buy it.
3. Buying the first home you see. Sellers do their best to make sure their homes look as appealing as possible. It’s easy to fall in love with just about any Troy, Michigan, home you see. Remind yourself that there are plenty of other homes for sale and make sure you see them all. There’s no point spending your hard earned money when you haven’t seen all the available possibilities.
4. Buying a home that doesn’t fit your lifestyle. If you spend a considerable amount of time in your backyard entertaining guests and relaxing on weekends, you want a home that gives you the space to do that. Likewise, if you’re rarely home except to sleep, you don’t want to spend your weekends mowing an oversized yard.

Let me help you avoid mistakes when buying Troy Michigan real estate.  As a licensed real estate broker and lawyer, I can help you find and buy the home that is right for you…and save you from making a mistake that could cost you thousands of dollars.  I’ll help you negotiate your home purchase at the best price and terms.  Click to:  Search for Troy Michigan Real Estate now!

Find a home you would like to see or do you have questions about Troy in Southeast Michigan?  Call Lee Morof today at 248-514-2640 or email info@NorthWoodwardHomes.com right now!

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call Direct:  248-514-2640

In the Spring of 2008, I learned that my elementary school age son was being picked on by a bully at his school. Almost immediately, I decided it was time for the both of us to learn self defense. I called a couple of Dojos in the area only to learn that my son and I would have to learn separately. I then contacted the Southfield Martial Arts Institute located at 29100 Southfield Rd., Southfield, Michigan, (248) 569-7030. www.southfieldmartialarts.com. Fortunately, this Dojo has family Karate classes three times per week. The experience has been amazing. The Dojo is run by Master Willie Adams, a 10th Degree Black Belt, and several other very talented and patient Senseis who teach Okinawan Isshinryu style Karate. Above is a photo taken at the Dojo’s Beginner Junior Tournament on October 25, 2008 that featured sparring, Black Belt demonstations, awards, and a luncheon following the tournament. A great time was had by all especially the precious children who all had big smiles on their faces as they wore their award medals. This Dojo not only teaches self defense technique that could save your life, but also respect for yourself and others, focus, and provides a sense of accomplishment. I highly recommend it.

Looking for Southfield Michigan real estate?  Give me a call today!

Lee Morof
RE/MAX Showcase Homes
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  248-514-2640

Today I began working with a new buyer who wants to start by looking at Southeast Michigan Foreclossures because, naturally, she wants to get a “good deal”. We looked at three homes and they were complete disasters. One had terrible structural problems. The other two had water and mold problems. None of these homes are financeable due to their condition. In other words, unless the buyer is paying cash, she will not be able to get a mortgage loan to purchase her Southeast Michigan Foreclosure home. Now, some will say, “well, there is a program with the bank where I can get money for the repairs.” O.K. then. Will somebody give me a real example of this happening recently where major repairs like mold remediation and structural problems exist? Every lender I have spoken with knows about the program but none of them have done it. They also tell me that the paperwork and red tape are huge. In my experience, it just makes more sense to purchase a home that is functional so you can get financing and then give the home your personal touches with paint, carpeting, etc.

If you’re ready to look for Southeast Michigan real estate, give me a call at 248-514-2640 and I’ll help you find and buy the right home for you!

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  248-514-2640