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The Stages of Purchase

There’s a lot to know when it comes to buying an income property in Michigan. Understanding the details of the local community. Identifying the size, style, and setting and of course, organizing a budget - these are all details to consider. Whether you’re a first-time investment buyer or looking for innovative commercial and residential property management, I’m here to help you every step of the way. At First Advantage Property Management, my goal is to provide you with expert, caring, and candid advice throughout one of the most important transactions in your life. That is my commitment to you.

Showing an Apartment

The First Meeting

The first initial consultation is done to get a clear understanding of the services and properties you require. It is highly recommended to analyze your needs.

Sunny Estate

The Property Search

This is our due diligence period to research title, taxes, previous history, and much more... Take as much time as you need to find the right home. Then work with your real estate agent to negotiate a fair offer based on the value of comparable homes in the same neighborhood. Once you and the seller have an agreement on a price, the house will go into escrow. This is the frame of time it takes to complete all of the remaining steps in the home buying process.

Signing a Contract

Contract Negotiations

Before every negotiation, I prepare your strategy based on knowledge I've gained right from the beginning of the relationship. Define your ideal outcome and define the steps you will take to move both parties towards this outcome. Ask these questions: What personalities are you dealing with? Who do you think is the decision maker? What were the non-negotiable points?

Modern Villa

Appraisal and Inspection

Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Your real estate agent usually will help you arrange to have this inspection conducted within a few days of your offer being accepted by the seller. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage.

Apartment Views

The Closing Table

The new closing rules are really designed for buyers. To make sure they understand getting a mortgage, and everything that’ involved with that. So as you might imagine…for sellers? There’s not a lot to know. You’ll see new documents, which are very clear, and understandable. But really, for sellers, it’s the same old drill.

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