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Home Buying

Read helpful tips and find useful information about buying a home. 

Found 20 blog entries about Home Buying.

The State of Michigan is a thriving place, home to many successful industries including aerospace and military equipment manufacturing, copper and ore mining, tourism and Christmas tree farming, to name a few. When you talk about some of the best places to live in Michigan, you would generally evaluate them on the basis of crime levels, education levels, unemployment rates, population density, commute time, median income and median home values. While there are many popular places in Michigan, the city of Fenton has shown a steady increase in home values.

Fenton is a small city located about 70 miles Northwest of Detroit. It is part of Genesee County. The city has a population of around 12,000 people. More than 95% of the population is Caucasian

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The month of April 2018 has some significant changes in the housing market for Genesee County, Michigan, including cities like Fenton, Linden, Holly, and Grand Blanc.  The largest percentage drop that was recorded in Genesee county was the months supply of inventory of homes for sale coming in at -46.2% compared to 2017 supply.  This drastic drop of in months supply of homes for sale from 3.9 to 2.1 shows that the market continues to be in favor of home sellers.   In comarision to Genesee County, the City of Fenton saw similar results with the months supply down 46.9% and the average sales price of homes sold in Fenton climbing 11.5% year over year from $172,980 to $192.281.  

Click Here to see the Detailed Local Market Update Report for Genesee

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Today the federal reserve announced that it will be raising the federal fund rates .25% from 1.5% to 1.75%.  The question is how will this affect you if you are buying a home or selling a home.  Well, if you are a lucky home buyer that already locked in your interest rate with a mortgage lender you have nothing to worry about.  But, if you are home shopping now and have not secured a loan and interest rate, you will most likely be affected.  This is not a dramatic increase and if you do the math of $200,000 at 4.5% vs 4.75% the payment change is only $30 per month.  Now if you are looking for a larger mortgage let's say $750,000, you are going to see a payment increase of $112 per month using those same example rates.  

Take a minute and watch the

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If you have been searching for homes for sale in Howell, Michigan you may have just found your next dream home.  5596 Kristin Drive in Howell, MI just hit the market at $449,000 and offers over 4,000 square feet of living space, 4 Bedrooms, 5 Bathrooms and is sitting on a lot that is nearly a full acre in size.  

The real estate market in Howell, Michigan has shown major signs of continued growth and this home is an example of what has been selling fast.  5596 kristin Drive was built in 2004 and offers 4,059 square feet of living space.  You will find yourself in a very open floor plan with many upgrades.  The spacious chef's kitchen offers a large island, high-end appliances, and an incredible fireplace with flat sreen tv above it.  

5596 Kristin Drive, Howell, MI

The master

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During the month of November in Genesee County the residential market actually saw a decrease in new listings.  Year over year 2017 was down from 414 new listings in 2016 to 387 new listings in 2017 for a change of -6.5%.  This decrease in new listings for the month of November brought the year to date from 6,643 in 2017 to 6,409 in 2017 which is a change of -3.5%.  

Pending sales however for the month were up 8.6% to 405 pending home sale versus 373 in 2016.  This brought the year to date pending sales to 5,113 for the year which is slightly down from 5,069 during 2016.  Closed home sale saw a nice increase for the month up from 409 in 2016 to 425 in 2017 for a 3.9% increase.  This increase still leave the number of closed home sale down 2.8% for the year

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The explosion of real estate-related services that help both home sellers and buyers manage their own real estate dealings is fairly recent, and if you’re looking to buy or sell a home in Fenton, MI, you may be pondering about doing it yourself versus using a real estate agent in Fenton, Michigan.

Doing the legwork yourself can help you save on a real estate agent’s commission rates, but, it could also land up costing you more in the long-run, not to mention the stress involved in sorting everything out yourself, from inspections to paperwork, and the risk of deals falling through.

Here are 10 reasons why using a realtor is the way to go.

  1.        Agents Offer Experience and Know-How

When you hire an agent, you don’t have to worry

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Small town living, two-point-five kids, a dog, and a white picket fence.  That’s the dream, right?  That dream is real, and its name is Grand Blanc, MI.  A picture-perfect small town located 45 minutes north of Detroit metro, Grand Blanc is a city in Genessee County with a population of nearly 8,000.  Grand Blanc is like a breath of fresh air in its own region, with a tendency to be more family-centric than the surrounding areas.  In fact, nearly 30% of the households in Grand Blanc, MI are families with children, making this a perfect place for family living.  Grand Blanc real estate features home for sale for literally every budget.  The median household income in the city of Grand Blanc is $47,373, just a bit higher than the surrounding areas, and the

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During the long, hot, humid days of summer, many of us dream about a lakefront home.  Think about it – idyllic lake views, easy access to the water, and a beautiful custom home for you and your family.  Is this summer the right time for you to embark on the new adventure of buying one of the homes for sale on Lake Fenton?  Whether you’re looking for a high-end custom home right on the water’s edge, or one of the many affordable single family homes for sale on Lake Fenton, come to Jennifer Lasco Real Estate and we will help ensure that your home buying process is as smooth and as positive as it can be.  Our years of experience with Lake Fenton real estate means we are uniquely qualified to make this milestone a truly remarkable one for you.

A Closer

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If you are a low-income home buyer in Fenton, Holly, or Linden, you could qualify for a very good program called a Rural Development loan.  This program, managed by the USDA, helps to provide a path to home ownership for families with low or very low income living in rural areas.  For many of these families in Fenton, Holly, or Linden, there is no other viable path to home ownership, making these rural development loans a very valuable program for many families in these areas.  Rural development loans create prosperity and thriving communities in otherwise poor areas, improving the quality of life for everyone.

There are several types of home loans associated with this program, and all of them serve a different purpose in helping lower income families

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If the idea of life on the lake is one you have been dreaming of, it’s time to consider a move to Fenton, Michigan. One of the most enticing aspects of life in Fenton is that pretty much everywhere you turn, you will find a gorgeous lake. Just imagine returning home from work every evening and feeling like you are on vacation. Imagine spoiling the family to an evening cruise on the pontoon, anchoring as the sun sets and enjoying dinner – not just on holidays or weekends, but any night of the week you want to. Just picture spending weekends indulging in water sports before heading off to one of the many restaurants for a delicious meal with your neighbors.

Fortunately, this dream can be a reality. With so many lakes in Fenton, MI, and home

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