The HomeCraft Blog

Real Estate Blog for Plymouth/Canton/Northville

Metro Detroit Residents

You’ll find our blogs to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you, answer questions, and provide personal advice and referrals.

 

Dec. 1, 2023

Sell Your House for Cash | HomeCraft Team

To Sell or Not To Sell My House for Cash?

If you're wondering, "Should I sell my house for cash?" you've come to the right place. The process of selling your home isn't always fast or easy, but there's one way to move things along quicker: selling for cash.

 

There’s often a sense of urgency about the cash sales process compared to a more leisurely mortgage-backed option. Whether you need an emergency fund or a quick relocation, a faster house sale brings plenty of benefits.

 

Below, HomeCraft Team breaks down the pros and cons of selling a home for cash.

 

The Advantages of Choosing to Sell My House for Cash

Selling your property for cash offers several benefits, including speed, simplicity, and certainty. In choosing a company that buys homes for cash, you cut out the middleman. A traditional closing with a real estate agent can take months, while working with cash buyers may take less than a week.

 

On top of the speed, circumventing the financing aspect makes the entire process less stressful. You can work directly with the buyer for a simple exchange. There are no mortgage applications, no real estate fees, no legal or estate agent fees, and no home inspections!

 

With cash sales, there's also confidence because you never have to worry about a buyer falling through or lacking funds.

Potential Drawbacks When Deciding to Sell My House for Cash

While a cash home sale presents great benefits, there are a few downsides sellers should know about. 

The biggest drawback is potentially selling your home for a lower price than if you waited around for a real estate market boom. Cash sales involve selling the property as is, without repairs or renovations, so cash buyers will offer a lower price, which most sellers accept for a quick sale.

Another risk is an unverified cash buyer who offers a high price but no proof of funds. Requesting proof of funds can save you much disappointment.

Lastly, beware of buyers who charge fees or inspection costs. Legitimate cash buyers purchase properties just as they are—no inspection necessary. 

 

Understanding Cash Home Buyers: Who They Are and What They Offer

So, who are these cash buyers? In most cases, cash buyers are real estate investors looking to "flip" your home. These investors purchase older properties, supply a much-needed revamping, and then sell them for a higher price.

In other instances, cash buyers are individuals looking to get into a new home fast. They're looking to bypass all the time and hassle associated with a traditional sale and settle into a new place as soon as possible.

Are you thinking, "I want to sell my house for cash - but what should I expect?" Don't worry; when you choose a cash sale, you can expect a home sale that's faster and easier than the standard approach

 

A Local Perspective: Sell My House for Cash—Northville, MI

Should I go ahead and sell my house for cash? Northville, MI, sellers are quick to pick up on the highly competitive prices and fast buying decisions here. Northville’s current market has a lot to offer, and your home could get lost in the mix. 

Choosing the right buyer leads to a successful sale, helping get your home off the market sooner. Buyers looking at the Northville area understand there are a lot of popular attractions and cultural experiences. When selling your home, why not use this to your advantage and attract a higher price than expected?

With in-depth location knowledge and marketing, you'll easily find the best people interested in buying your house for cash.

 

 

Sell My House for Cash Plymouth, MI, With HomeCraft Team Realty

So, should I sell my house for cash? Plymouth, MI, Northville, MI, and surrounds, trust HomeCraft Team to make this selling process easy, from staging to closing costs. 

"Thank you so much to the Homecraft team! The countless hours and miles they spent helping us try to find our first home was beyond amazing." - Bill Walla

 

Countless buyers want to pay cash for your home, so why not let HomeCraft Team offer the guidance you need for a fast cash sale? Call HomeCraft Team’s real estate experts at 734-531-7366 today!

Posted in Selling Your Home
Nov. 17, 2023

Real Estate Terms 201 | Selling Home Terminology

The Importance of Understanding Home Selling Terminology

Selling your home is a complex process. From the moment you put the property on the market until the final closing, you must navigate a labyrinth of contracts, disclosures, and other paperwork peppered with unfamiliar terminology. Unfortunately, not understanding these terms can mean higher costs and other problems down the road. 

Here, the HomeCraft Team explains selling home terminology that will likely come up during the transaction. 

Key Terms in Home Selling

If you feel the home sale process requires learning a foreign language, this glossary of key terms will help:

  • Listing. Although most people think of the listing as the advertisements they see for homes, it actually refers to the agreement between a home seller and the agent to market the home for sale. It details the length of the listing period, the commission agreement, and whether the contract is open or exclusive to a single agent.
  • Closing costs. Closing costs are the expenses you pay at loan closing that cover the costs to create the home loan and complete the transaction. They can include fees for appraisals, attorneys, title searches, and escrow, typically amounting to 3% to 6% of the mortgage amount. These costs are in addition to the down payment.
  • Contingencies. The home seller or buyer can include contingencies or conditions in the contract. For example, the buyer may submit an offer contingent upon a home inspection or the sale of their existing home or ask the seller to cover closing costs. Either party can cancel the agreement if the other doesn’t meet the conditions.
  • Deed. The legal document that lists who owns a house or property. When you buy a home, the deed of sale lists you as the new owner.

HomeCraft Team’s Role in Plymouth, MI Real Estate

An experienced real estate agent can help you navigate the home sale process and explain selling home terminology. The HomeCraft Team are leaders in Plymouth, MI, real estate and have decades of experience and expertise to make the process as clear and streamlined as possible. 

Choosing the HomeCraft Team means you gain valuable insights into the local real estate market and learn the best ways to position your property for a fast and lucrative sale. From start to finish, they are on your side as trusted advisors.

Advanced Selling Home Terminology

Need additional help with common financial terms in home selling? 

  • Escrow. Escrow is a holding account that retains funds until all parties meet specified conditions, such as completing the purchase agreement. Escrow accounts hold good faith money while the transaction is in process. It also holds funds to pay property taxes and insurance throughout the life of the mortgage.
  • Fixed-rate mortgage. A fixed-rate mortgage that has the same interest rate for the life of the loan.
  • Variable-rate mortgage. A variable- or adjustable-rate mortgage has an interest rate that changes based on the current interest rate the Fed sets.
  • Points. These fees cover interest charges in exchange for a lower mortgage interest rate. Each point is 1% of the loan. 

 

Practical Tips from the HomeCraft Team for Selling Your Home

Knowing basic home selling terminology can help you sell your home faster and with fewer hassles. The HomeCraft Team knows what buyers are looking for and will position your property with a competitive price and appealing marketing so it doesn’t languish on the market. 

The HomeCraft Team Plymouth, MI has advice for speeding up home sales, like:

  • Accepting contingencies, like making repairs or agreeing to inspections
  • Offering concessions, like paying closing costs
  • Being open to cash sales that eliminate time-consuming paperwork
  • Working with a company that specializes in cash transactions and fast home sales 

Empowering Home Sellers with Knowledge

Understanding the selling home terminology that real estate agents and lenders use throughout the transaction can help you avoid costly mistakes and ensure the process goes as smoothly as possible. Thanks to this newly acquired knowledge and the help of the experienced HomeCraft Real Estate team, you can go into the process feeling more confident and in control.

When it’s time to sell your Plymouth, MI, home, the HomeCraft Real Estate team is on your side at every step. Call (734) 531-7493 today if you have additional questions about real estate jargon or want to list your home for sale.

 

Posted in Selling Your Home
Nov. 15, 2023

Homeowner Net Worth Has Skyrocketed



Homeowner Net Worth Has Skyrocketed

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in net worth for both homeowners and renters. Spoiler alert: the gap between the two is significant.

The average homeowner’s net worth is almost 40X greater than a renter’s. And here’s the data to prove it (see graph below):

The Big Reason Homeowner Net Worth Is So High

In the previous version of that report, the net worth of the average homeowner was roughly $255,000 and that of the average renter was $6,300. But in the release that just came out this year, the gap widened as homeowner net worth climbed dramatically. As the Survey of Consumer Finances (SCF) report says:

“. . . the 2019-2022 growth in median net worth was the largest three-year increase over the history of the modern SCF, more than double the next-largest one on record.”

One of the biggest reasons homeowner net worth skyrocketed is home equity.

Over the last few years, known as the ‘unicorn’ years for housing, home prices went through the roof. That’s because there weren’t enough homes for sale, and there was a big influx of buyers rushing to buy them and take advantage of the then record-low mortgage rates. That imbalance of supply and demand pushed prices higher and higher. As a result, most homeowners who had a home during that time saw their equity grow a lot.

If you’re still in the middle of making your decision on whether to rent or buy, you may wonder if you missed the boat on the big net worth boost. But here’s what you need to realize. As a recent article in The Ascent explains:

Whether your net worth increased in recent years or not, there are steps you can take to boost that number in the coming years. . . buying a home can be a great way to grow your net worth, since home values have a tendency to rise over time.”

Historically, home prices climb over time. Even now that mortgage rates are closer to 7-8%, prices are still rising in many areas of the country because supply is still low compared to demand. That’s why expert forecasts for the next few years call for ongoing appreciation – just at a pace that’s more typical for the housing market.

While it likely won’t be the record ramp-up that happened over the last few years, people who buy now should continue to grow equity in the years ahead. That means, if you’re ready and able to buy a home today, you’ll be making an investment that’ll help build your net worth in the long run.

As Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), says:

“. . . when deciding to rent vs buy, one must calculate the total cost of homeownership (maintenance, utilities, commuting, etc.) and the total financial benefit. Based on new Fed data . . . the median net worth of homeowners was $396,200 vs renters at $10,400. There is no question about the wealth gains that homeownership provides.”

Bottom Line

If you’re on the fence about whether to rent or buy a home, remember that homeownership can give your net worth a big boost over time. If you want to learn more about this or the many other benefits of owning a home, let’s connect.

 

Posted in Selling Your Home
Nov. 3, 2023

Discover Plymouth Michigan: By HomeCraft Real Estate



Discover Plymouth Michigan: By HomeCraft Real Estate

Just a half hour outside of Detroit, Plymouth, Michigan is a popular suburban city. Locals and visitors enjoy the lively downtown vibe, beautiful scenery, and picturesque neighborhoods. It’s also a popular place to settle down for a while.

If you’re looking for things to do in Plymouth, MI, you might be looking at real estate in the area. HomeCraft Team brings 20 years of professional expertise to the vibrant Plymouth, MI, community. Why not give the team a call about your options for homes in Plymouth?

Here’s a brief guide to Plymouth’s best features.

Downtown Plymouth, Your Small Town Destination

Anyone who lives here knows the city of Plymouth, MI has plenty on offer. One major selling point is the downtown area, which most visitors agree has an undeniable charm about it. Downtown Plymouth is rich in historical detail and architecture, which long-time residents and visitors enjoy as they stroll through the walkable streets and take in the sights.

Something that draws new residents to Plymouth, MI is the ease and accessibility of the downtown area. You'll find that there are many nearby neighborhoods within reach of the vibrant downtown scene. Thanks to efficient local transit, you can visit anytime to take part in local events, browse the farmer's market, or savor a delectable spread at one of your favorite restaurants.

Top Things To Do in Plymouth, MI

Whether you're making the big move to Plymouth, Michigan, or visiting for a bit, you’ll find there is an endless array of fun activities to keep people coming back for more. For example, the following popular things to do in Plymouth are well worth a look:

  • Take a stroll down Ann Arbor Trail
  • Sample groceries at Westborn Market, which is in a historic post office building
  • Relax by the outdoor fountain in Kellogg Park
  • Have a drink at the popular Mexican tequilaria, Barrio
  • Explore a suite of local businesses at the PARC

From outdoor attractions to historic buildings and entertainment, there’s fun for all ages in Plymouth, MI. Visit once, and you’ll be planning your big move as soon as possible!

 

Exploring Downtown Plymouth: Unmissable Experiences

If you’re looking for things to do in downtown Plymouth, you’ll find this charming area rich in dining experiences like Arbor Brewing Co.’s popular microbrewery and restaurant. A sweet tooth will enjoy Bakehouse 46’s delicious donuts and pastries. If you're a fan of Italian cuisine, you'll love Compari's on the Park.

While eatery options are aplenty, there are countless other things to do in Plymouth, MI, particularly downtown. Why not view an authentic caboose at the Plymouth Historical Museum? You could also spend a day hunting for murals across downtown's gorgeous public art displays!

Cinephiles will appreciate the local Penn Theatre, a single-screen movie theater showcasing classic cinema and new releases. The cozy theater only seats about 400 people!

Living in Plymouth: Homes for Sale

Does Plymouth, MI sound like the perfect place to build a great life? It is, and more people are seeing the appeal of buying a home in this lovely part of the world. Plymouth, MI’s realtors like HomeCraft Team showcase many homes available in the area for all and sundry. Whether this is your first home, an upgrade for your growing family, or your forever home, you can find something you love in one of Plymouth’s vibrant communities.

Consider historic downtown Plymouth for custom town lofts, colonial masterpieces, and even new craftsman homes. Homebuyers looking for significant yard space also have plenty of options here, so don’t be shy to tell your local realtor exactly what you’re hoping to find.

Why Choose HomeCraft Team Realty for Your Plymouth Home Buying Experience?

From the character of The Penn Theatre to the breathtaking Wilcox Lake, there are many wonderful things to do in Plymouth, MI. One of its best features is the welcoming atmosphere new residents notice when they decide to call Plymouth home. If you’re dreaming of living in a vibrant community, this is it.

HomeCraft Team has helped countless homebuyers find a perfect fit with insightful agents who know this city inside and out. Call 734-531-7493 or get in touch online to see homes for sale in Plymouth, MI, and start exploring.

Posted in Selling Your Home
Nov. 1, 2023

How To Sell My House Fast: HomeCraft Team Realty Guide

How To Sell My House Fast: HomeCraft Team Realty Guide

If selling your property is something you know you want, there’s often a sense of urgency about it. Thankfully, if you find yourself searching "sell my house fast," you've come to the right place. 

Deciding to sell your home can be intimidating, but you don’t need months or years to weigh your options. Selling a home can take a long time through traditional channels, and you should expect some challenges, but having experience on your side helps move things along. Here’s how HomeCraft Team’s expertise could speed up your next move.

 

Unveiling the Top Bedroom Staging Techniques | Boosting House Appeal 

Current real estate conditions are affecting the speed of home sales for certain areas of the country where homebuyers are extremely price-sensitive. Listing and selling a house quickly here depends on local demand and what the inventory of available homes looks like. 

In Michigan, the housing inventory is expanding by the day. So, with such an ever-increasing inventory of properties for sale, home prices are continuing to decline for now. That means local agents are seeing houses staying on the market for longer periods (an average of 33 days on the market in Michigan over this summer). 

You’re not alone if you’re wondering, “How do I sell my house fast in Plymouth, MI?” However, there are some simple solutions.

 

Tips On How To Sell Your House Fast

Did you know that agents like HomeCraft Team can make it easier to sell your home quickly in Michigan? The following expert tips are a great start if you’re hoping to get your home ready to sell fast:

  • Contact local realtors or real estate investors
  • Read Client Reviews
  • Be open to cash transactions
  • List your property on a site that specializes in fast sales
  • Offer to pay repair costs
  • Agree to all inspections. 

To sell your house faster, experts recommend incorporating most of the above elements into the process. Working with an experienced realtor like HomeCraft Team also streamlines the entire process as the agents navigate the administrative, legal, and marketing hoops to jump with practiced ease.

 

 

Special Considerations for Selling Fast in Plymouth, MI, or Northville, MI

How can working with a top-tier realtor like HomeCraft Team’s Realty division accelerate your home’s selling process? Firstly, experts bring a unique perspective to home sales in Michigan, with much-needed support and insight into the area and potential homebuyers.

For example, those searching “sell my house fast in Northville, Michigan” will find it invaluable to have insights into local market trends. This area’s pricing is highly competitive, and buying decisions move quickly on great deals. Professionals also understand how to frame notable selling points, such as downtown Plymouth or the popular cultural experiences in Northville.

Why not chat with experts like HomeCraft team about selling fast? They also help navigate inspections, staging, and marketing. 

 

Option to Sell Your House Fast For Cash

What is the most straightforward way to sell my house fast? The answer lies in cash transactions

A cash sale is significantly speedier than traditional sales because it foregoes many of the most time-consuming and paperwork-heavy aspects of selling a house. For instance, homes sold for cash are sold as is, without any repairs or inspections. 

So, how do I sell my house fast for cash? The first step is contacting a reputable realtor like HomeCraft Team or a real estate investor. Realty companies that specialize in cash sales market your home to cash buyers wanting quick transactions. 

Cash sales may yield less than traditional sales, but they will get your home off the market much sooner.

 

 

Why Choose the HomeCraft Team Realty for Fast Home Sales? 

Are you looking for easy ways to "sell my house fast" in the Plymouth or Northville, Michigan, areas? The experts at HomeCraft Team can help you prepare, list, and sell your property as soon as possible. Tell us whether you prefer a traditional or cash transaction, and we’ll offer the expertise needed to get your home moving so that you can start the next leg of your journey. 

For all of your home-selling needs, call HomeCraft Team Realty at 743-531-7493 and speak to one of our Michigan real estate specialists today.

Posted in Selling Your Home
Oct. 6, 2023

Boost Your Home's Appeal | Effective Bedroom Staging Strategies

 

The Power of Bedroom Staging Strategies 

When selling a home, there are two main goals each homeowner tries to hit: moving the property quickly and obtaining an offer that matches or surpasses the asking price.  

HomeCraft Team’s Plymouth MI professionals bring over 40 years of combined experience to the table. Can we help you improve the curb appeal of your listing? Yes, and a great sales strategy increases listing views, increases exposure for your home, and shortens your property’s time on the market.  

Anything from current market trends to your home’s aesthetics can prolong the selling process. However, if you believe the latter is holding you back, you might want to consider the following bedroom staging strategies.
 

Unveiling the Top Bedroom Staging Techniques | Boosting House Appeal 

When conducting a house staging job, the idea is to create a space that potential buyers can see themselves living in. A neat room allows viewers a glimpse of all the bedroom features without obstruction. Consider using minimalism as a baseline, such as implementing a closet organizer or removing clutter from furniture surfaces so others can imagine their stuff in that space.  

It’s also easier for potential homebuyers to visualize their own home with neutral wall colors. Bright hues won’t go with everyone’s furniture or style.  Additionally, ideas to alter your furniture layout include the following: 

  • Swap old furniture for an attractive set 
  • Move furniture around to create a better flow 
  • Highlight a functional work-from-home space  

The Impact of Light and Space | Key Elements in Bedroom Staging 

Homes with high ceilings and large square footage often sell faster due to the space these features provide to homes in Michigan. However, for those who do not have these types of features to rely on, it’s best to create an illusion. For example, consider strategically placing mirrors in certain areas to visually extend your room’s perimeters. 

Why not move furniture to open floor space? Appropriate lighting also creates a more welcoming environment. Stage recessed lighting and nightstand lamps to influence the room’s ambiance, and don’t forget natural light.
 



Selling My Home | How Proper House Staging Speeds Up the Process
 

Effective bedroom staging strategies don’t always have to include expensive renovations or purchasing a new bedroom set to increase clicks when “selling my home.” Sometimes, minor tactics are just as effective. You might consider clearing away clothes piles, placing throw pillows on the bed, or adding an area rug to make the room feel comfortable or homey. 

Remember, the more that potential buyers like what they see, the better the offers you’ll receive in Michigan’s housing market. Where you rival other homeowners selling in your area, these simple staging choices improve your chances of selling faster and, even in a slow market, could increase the potential property value beyond your asking price.  

Expert Insights from a Michigan Realtor | Bedroom Staging Done Right 

When you stage a bedroom, any Michigan realtor can tell you the effect you want to give happens in the details. For instance, when improving lighting in your home, LED bulbs prove cost-effective and environmentally friendly. They’ll show potential buyers how they can save money with the equipment you have already installed.  

Are you upgrading your entire lighting system? Choose smart or programmable lighting for convenience and modernity. Many new homebuyers prefer these updated systems. 

One tip that hasn’t changed in decades is to leverage natural lighting as a unique selling point. Large windows could reduce energy bills and make any room look bigger, so don’t pass on the opportunity to highlight them. 


Enhance Your Home's Appeal Today |
HomeCraft Team
 

Understandably, of the many tactics that our Michigan sellers use to unload their properties to eager buyers, house staging beats installing new HVAC and plumbing systems or roof repairs. It spices up online listings and brings more potential buyers to your open-house events. 

Of course, staging a home for sale is far easier with trusted Michigan real estate agents like HomeCraft Team in Plymouth, MI. Why not let us help with everything from packing services to photos, videos, and drone footage for social media? We also create Zillow 3D tours after implementing bedroom staging strategies, so call us at 734-531-7366 today to meet the team! 




Partnering With HomeCraft Team for Your Real Estate Needs

Whether you want to learn general real estate terms or explore our current listing, the HomeCraft Team can help. Call 734-531-7493 today!

 

Posted in Selling Your Home
Sept. 11, 2023

Real Estate Terms 101 | General Real Estate Terms

Throughout the homebuying process, you’ll encounter unfamiliar jargon that industry professionals don’t even think twice about using. If you’re starting a search or entering negotiations, you want to understand what your agent or other parties mean by the general real estate terms thrown around. 

Can you translate the conversation to avoid interrupting a deal? If not, HomeCraft Team shares real estate terms useful for buying or selling a home in Plymouth, Michigan, or anywhere else. Decode your real estate agent using the glossary below. 

What Is Real Estate?

The term real estate commonly refers to the buying and selling of property. The experience is anything but straightforward since a property changing hands has various implications.

Real estate players include the following:

 

  • Real estate agent: Helps clients buy or sell properties at a fair price. 
  • Broker: Holds a managerial position within a real estate company.
  • Borrower: Borrows money for a home purchase from a financial entity. For example, whether you’re buying a condo or one of the new ranch homes in Plymouth, MI, you may need to borrow money to cover the required down payment.

Understanding General Real Estate Terms

What are some of the most frequently used terms in the real estate industry? 

 

  • Contingency: Before accepting an offer or signing a deed, you want the other party to meet some contingencies. A legally binding contract depends on these conditions.
  • Deed: As the legally binding document that transfers ownership from one person to another, the deed of sale puts your name down as the official owner of the house.
  • Due diligence: These checks take place before signing a contract. For example, you might research the property’s roofing or pipe system before agreeing to purchase it. 

Decoding Financial Real Estate Terms

Next, let’s explore some common financial terms that often come up for home purchasing. 

 

  • Amortization: This term refers to the tracking of your mortgage payments over time. 
  • APR: The annual percentage rate shows how much your loan costs you each year. 
  • Jumbo loan: These loan sums are often bigger than the home’s selling price.
  • Balloon payment: When you pay the final amount owed on your loan in a single sum, you make a balloon payment. 
  • Bankruptcy: If you can’t repay your debts, you file for bankruptcy. Legally, bankruptcy carries hefty consequences for your financial health. 

Navigating Listing Real Estate Terms

Have you been browsing properties or uploading your property on a selling platform? These listings often include the following general real estate terms:

 

  • Appraisal: Determines a property’s value following extensive inspections and reports. 
  • Conventional sale: Refers to selling properties with no further mortgage payments owed on them.  
  • Comparable sales: Indicates the price listed for a property based on similar properties in the area. Since selling agents determine the value based on comparisons, they refer to it as a comparable sale.
  • Foreclosure: When a property owner can no longer make mortgage payments, the loan forecloses.

Making Sense of Offers and Contingencies

If you’re already playing the real estate game, there’s probably a lot going on. Discover the language frequently used during the selling process below.

 

  • Back-up offer: Sometimes, a property you want already has a desirable offer on the table. Why not make a back-up offer on another property you like in case the first falls through?
  • Blind offer: If you make an offer on a property without viewing it, you’ve made a blind offer. 
  • Seller concessions: Some sellers increase their pool of buyers by sweetening the purchase deal. These perks are called seller concessions. 

Exploring Types of Homes With HomeCraft Team

How can HomeCraft Team help you today? Our extensive real estate expertise may come in handy if you’re thinking about purchasing one of the following types of properties in Michigan:

  • Townhouses: These properties typically have multiple levels in a tall but compact building that’s often within a complex.
  • Historical homes: Homes with historical significance or antiquated architectural styles often carry added value among buyers.
  • Single-family homes: These houses are large enough to comfortably house one family. They aren’t connected to other buildings. 
  • Luxury homes: Custom features and premium materials make luxury homes desirable.

Partnering With HomeCraft Team for Your Real Estate Needs

Whether you want to learn general real estate terms or explore our current listing, the HomeCraft Team can help. Call 734-531-7493 today!

Posted in Real Estate Agent
Sept. 11, 2023

What is a Ranch-Style Home?

 

You probably know about traditional ranch homes and have an idea of how they look. Originating in the 1920s, this style’s popularity burgeoned following World War II, with gorgeous large windows, sliding doors, and low roofs becoming hallmarks of middle-class stability. Still, how did a ranch-style home become such a popular architectural choice today, and could it be ideal for your family?

HomeCraft Team specializes in helping Plymouth, MI residents find the perfect property to call home. Our experience has shown us that the diverse shapes of ranch-style homes cater to families of all sizes, so read on to learn more.

Defining Features of Ranch-Style Homes

What features define a ranch-style home? These houses have a few defining features as follows:

  • One story: Ranch homes span a single, but sprawling level, so there are no staircases. 
  • U or L-shapes: Most ranch-style homes have asymmetrical shapes. Unlike many other home styles that incorporate symmetry, ranch homes often feature a long and a short side. 
  • Open concept: A ranch home might blend a dining room or kitchen with a living room.
  • Minimalist interior: Ranch homes don’t typically feature ornate designs or embellishments. Instead, they have plain, minimal designs, leaving room for decorative flourishes. 

Benefits of Owning a Ranch-Style Home

A house is just a house, right? Not quite. Each style has pros and cons, including the old and new ranch homes in Plymouth, MI.

What sets a ranch-style home apart?

  • No stairways: You’ll never need stairs to access any part of the ranch home’s single-story floor area. Cleaning and maintenance is a breeze.
  • Easy maintenance: Tasks like pressure washing, house painting, and roof repairs are much easier for ranch homes There’s no climbing wobbly ladders to wash windows. 
  • Open floor plans: Move furniture and keep the interior clean with open, versatile floor plans. 

Types of Ranch-Style Homes

With various types of ranch homes for sale, common varieties include the following:

  • Suburban: This compact L-shaped style features a large garage door and a small sprawl for the main house.
  • Raised: Raised styles may require staircases. They feature a generous, basement-level living space with upper-level main rooms.
  • Storybook: Storybook style features ornate details like diamond-shaped window panels and frilled roofing, which make it look like a fairytale home.
  • California: The charming California ranch house sports a comfortable front patio and low-to-the-ground build.
  • Split-level: A split-level ranch home offers the most space, with three stories.

New Ranch Homes in Plymouth, MI

The Plymouth, MI area features numerous ranch-style homes for sale in various shapes and sizes. Plymouth itself offers an excellent environment in which to raise a family, combining small-town charm with numerous attractions and opportunities to network and learn. Why not harness the design benefits of that ranch-style house you’ve always wanted within the close-knit Plymouth, MI, community? 

Most ranch-style homes have up to four bedrooms and two to three bathrooms, ensuring ample space for privacy and families to move, grow, and thrive. In that way, a beautiful ranch home offers everything you need.

Partnering With HomeCraft Team To Find Your Dream Ranch-Style Home

Are you ready to place an offer on the property of your dreams in Plymouth, Michigan, or the surrounding areas? HomeCraft Team includes experienced real estate agents eager to help you find the best deals and settle into your exciting new chapter in life! 

Our team makes the buying and selling process much easier for families of all sizes. For example, some of our preferred services include the following:

  • Allocating quality homes, including ranch homes
  • Selling and promoting residential properties
  • Helping buyers find something that matches their budget and needs

Making Your Ranch Style Home Dreams Come True With HomeCraft Team

Where there’s family and the right perspective, you can make any house a home, but why settle for less when you could step into the ranch-style life and make it your own? Let’s finalize a sale on that stylish, comfortable, and, of course, sprawling ranch-style home for you and your family to enjoy for a while! If you’d like to kickstart your journey as a homeowner who has finally found the house they’ve always wanted, be sure to get in touch with HomeCraft Team by calling 734-329-0123 today!

 

Posted in Buying a Home
July 12, 2023

Navigating the 2023 Real Estate Market | Key Insights for Home Sellers

When you’re selling your home, you need to understand the 2023 Real Estate market if you want to maximize incoming offers and your potential profit. The realtors at HomeCraft Team in Plymouth, Michigan are highly trained and experienced and can help you navigate the market and manage your expectations.

Whether the market is hot or cold, a good Real Estate agent can help you achieve the best offer for your home. Our team can help you every step of the way, making the process less stressful. If you’re selling your home, partner with HomeCraft Team today.

Overview of the 2023 Michigan Real Estate Market 

Statewide, Michigan is experiencing an 8.3% drop in available houses and a 16.2% drop in newly listed homes for sale. While 46% of houses are still selling above the asking price, the statistic presents a 10-point drop year-over-year. Migration trends continue to even out at a net zero.

While fewer houses are available, the market is also less competitive, meaning that most buyers require professional help to stand out. Within Plymouth, sale prices are growing at around 23%, the fifth fastest in Michigan, at a median sale price of $423k. Homes are selling within 25 days on average.

Inflation is the biggest factor in a slower housing market, but stable buyers are still looking to purchase homes. 

Preparing Your Home for Sale in 2023 

To succeed in the 2023 Real Estate market, sellers must prepare their homes for sale. A Real Estate agent in Plymouth, MI, can help you market your home according to current buyer preferences.

Investing in a whole home inspection helps buyers feel confident about the home they’re purchasing and saves them money. You can put off necessary repairs, but that means buyers could offer you less.

Don’t underestimate the power of staging your home and purchasing professional photos. A clean and subtly decorated home increases interest and your chances of selling quickly and at or above your asking price.

It’s important not to price your home too high or too low. A professional Real Estate agent can price it competitively to sell quickly. 

Marketing Your Home Effectively 

Quality marketing is one of the biggest determining factors of whether a house sells quickly and for a great price. While open houses and private showings still have their place, utilizing online marketing is more important in 2023 than ever before.

Virtual staging and electronic tours allow more people to visit your home from a distance and negate the need for manipulating and changing heavy furniture. A comprehensive marketing plan, incorporating both digital and traditional advertising, is key to obtaining favorable results.

Even with a high-powered marketing plan, most sellers lack the proper network and connections to get their homes in front of interested buyers. When you partner with an expert realtor, they mobilize their network to maximize your home’s sale potential.

Navigating the Selling Process 

When you sell a home in Plymouth, Michigan in 2023, expect the sale to take around a month. Before that time, your agent will spend some time helping you stage the home and making any necessary repairs after the inspection. 

At HomeCraft Team, our Real Estate agents are well-versed in negotiations and handling offers and always have your best interest as our top priority. If an offer seems low, we can help the buyer understand the reasons for the asking price and potentially convince them to offer a better price.

When you work with our Real Estate agents, we make the negotiation process smooth and easier to handle. Avoid the stress of an emotionally charged back-and-forth negotiation, and let us help.

Partnering with a Trusted Plymouth, Michigan Real Estate Agent 

With a slowing 2023 Real Estate market, you need a local expert that advocates in your best interest. When you need a Real Estate agent near Novi, MI, and the surrounding communities, the HomeCraft Team can support your sale every step of the way.

Don’t take our word for it; your neighbors already know why we’re the agency to call. Whether it’s Google, Facebook, or Zillow, we have over 100 five-star reviews. We want you to be our next satisfied customer. Contact HomeCraft Team at (734) 329-0123 to start the process.

Posted in Market Updates
June 14, 2023

Types of Homes for Sale in Plymouth, MI

Plymouth, MI, is a terrific town full of fantastic homes perfect for single individuals or large families. However, with so many types of homes for sale in Plymouth, MI, finding one that best suits your needs and style isn’t always easy. Fortunately, HomeCraft Team put together some popular Plymouth home types to help you find your next home swiftly and efficiently.

HomeCraft Team is one of Plymouth, MI’s leading real estate agencies. If you need help finding a home in Plymouth, MI, and need experienced realtors that always prioritize your needs, start your home-buying process with our team at HomeCraft Team.

Townhouses for Sale in Plymouth, MI

Townhouses have experienced a surge in popularity over the last few years. Townhouses are multi-story homes sharing one or two walls with a neighboring property. Most feature a small front and backyard and are most common in urban areas with high populations. That said, townhouses are becoming more prevalent in suburban communities and smaller towns as well.

Townhouses in Plymouth can be more affordable than traditional homes and may require less maintenance. Some even feature a gym, clubhouse, or pool, giving you more amenities for a cheaper rate.

However, many townhouses feature a HOA (Homeowners Association), so keep this in mind when buying. 

Historical Homes for Sale in Plymouth, MI

As the name suggests, historical homes are residences with rich histories monitored by the Natural Park Services. However, not every old Plymouth residence qualifies as a historic home. It must be 50 years old or older and meet one of the following criteria:

  • Must connect to a major historical event
  • Must connect to a significant historical individual
  • Must be considered an embodiment of a specific historical style or master
  • Must provide or have previously supplied crucial historical information

Many history buffs enjoy owning historical properties and preserving their pasts. However, buying a historical home is often more difficult than purchasing a traditional house due to the high demand for upkeep.

It’s best to talk to a mortgage lender beforehand to ensure you have the proper financing before making an offer for historic homes.

Single-Family Homes for Sale in Plymouth, MI

Single-family homes are one of the most common types of homes for sale in Plymouth, MI. Although the U.S. Census Bureau classifies some townhomes as single-family residences, most people know them as dwellings detached from other properties.

Unlike townhome owners, single-family homeowners own the property’s interior and exterior. They function as individual residences and don’t share utilities or fixtures with other properties. Single-family homes operate independently and put more responsibility on the owner.

Single-family homes are perfect for Plymouth residents wanting more freedom and privacy. However, most cost more than other homes for sale and may require more maintenance. Despite their expensive prices and high maintenance demands, single-family homes are a wonderful option for budding families starting their next chapter in life.

Luxury Homes for Sale in Plymouth, MI

Luxury homes are ritzy residences that carry an expensive price tag. They typically cost $2 million to $40 million, but there isn’t a set rate for homes to qualify as luxury. They are the top ten percent of homes listed on the market and are usually at least twice the size of traditional single-family residences.

Many luxury homes are in or near sought-after locations, like golf courses, waterfront, or top-rated schools. They feature several high-quality amenities that other residences don’t offer.

Although the demand for luxury homes and mansions experienced a rapid decline before the COVID-19 pandemic, they’ve recently experienced a surge in popularity. A HomeCraft Team realtor in Plymouth can help you find a first-class luxury home that matches your unique style and needs.

Find Your Plymouth, MI, Home | HomeCraft Realty

Finding the perfect home can be exciting. Explore your options and find your dream property by partnering with reliable professionals.

Home buying in Plymouth, MI, is easier than ever, thanks to HomeCraft Team. We will help you find high-quality homes for sale in Plymouth that match your needs and expectations without surpassing your budget. Our team has vast real estate experience and can handle all your home-buying needs while providing outstanding customer service along the way.

Contact HomeCraft Team at (734) 329-0123 to start your home-buying journey today!

Posted in Buying a Home