Learn about current issues in the home buying market before making any offers. By doing so, you can save hassle and grief as the homeowner.
The city of Ann Arbor does not require an inspection of a home before the purchase. Therefore, it is up to the buyer to have one performed. Some of the following items are issues in regards to homes on the market and need to notice:
- Home Insurance Issues
- Painting: Many homes built before 1978 have lead paint that links to cancer.
- Plumbing Standings: Plumbing can be costly, and an inspection can inform said buyer about future costs.
- Windows: Energy efficiency is a general inquiry, and proper windows can help save on heating and air conditioning costs.
- Electrical: Wiring work can cost a bundle if not up to code.
- Asbestos and Mold: This can potentially be deadly and financially disastrous.
Pending Home Sales Hit a Record Low — and the Opening It Creates for Prepared Buyers
Pending Home Sales Hit a Record Low — and the Opening It Creates for Prepared Buyers The fall housing market just posted a number worth paying attention to. Pending home sales — signed contracts on existing homes, the best early signal of where closings are headed —...
Mortgage Rates Just Dipped for the First Time in Two Months — What It Means for Buyers and Sellers
Mortgage Rates Just Dipped for the First Time in Two Months — What It Means for Buyers and Sellers After seven straight weeks of climbing, mortgage rates finally blinked. The average 30-year fixed-rate mortgage fell to 7.32 percent for the week ending October 22, down...
Ann Arbor Housing Market, Fall 2026: Prices Ease and Buyers Gain Room to Negotiate
Ann Arbor Housing Market, Fall 2026: Prices Ease and Buyers Gain Room to Negotiate For the last several years, buying a home in Ann Arbor meant moving fast, bidding over asking, and hoping your offer stood out in a crowd. Fall 2026 is telling a different story. Prices...
How to choose the right neighborhoods to find the best fit for your lifestyle and needs
Choosing the right neighborhood to find the best fit for your lifestyle and needs is a multi-faceted process that involves careful consideration of various factors, from practical necessities to personal preferences. It's essential to evaluate your priorities, which...
0 Comments