Home Dreams with D Reed

What borrowers should know about PITI & property taxes PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI rati...

Southfield, MI Real Estate Market Update 11/26/2022 Southfield, MIMarket Update $215,000Median List Price$215,000Median Sale Price147Homes For Sale51Homes Sold23Days on MarketCurious about home values in this area? Check the ValuesPlease feel free to get in touch with any real estate questions. We welcome your business, and we promise to take excepti...

Manufactured homes: Insurance basics Manufactured homes insurance is similar to traditional homeowners insurance in many ways. However, because of the unique nature of manufactured home construction and mobility, there are some major differences.Here's what to know about insurance for manufactured homes:The difference between manufactu...

Farmington Hills, MI Real Estate Market Update 11/17/2022 Farmington Hills, MIMarket Update $299,900Median List Price$332,000Median Sale Price163Homes For Sale85Homes Sold29Days on MarketCurious about home values in this area? Check the ValuesPlease feel free to get in touch with any real estate questions. We welcome your business, and we promise to take e...

Millage rate & other important tax terms to know Millage rates are just one of the many specialized tax terms property owners are likely to encounter. While it's often used interchangeably to mean "tax rate," millage rates have some key differences. Here is a guide to understanding millage rates and a few other important pieces of property tax ter...

Video Tour - 1676 Chicago Boulevard, Detroit, MI 48206 Travel back in time with this historic Detroit gem looking to be restored back to its former glory. Located in the heart of the Detroit Historical District, this massive brick home boast 5,000 sq. ft with cathedral ceiling throughout the house and a large foyer and grand staircase. This home has 6 b...

18964 Bentler Street, Detroit, MI 48219 now has a new price of $48,000! This 3 bed 1 bath fixer upper is ready for some TLC. New roof and gutters as 08/2022, moderate cosmetics needed and this home will be a great addition to a rental portfolio or experienced home buyers looking to gain instant equity. Full size basement, huge fenced in backyard, ton of potential.

1676 Chicago Boulevard, Detroit, MI 48206 is now new to the market! Travel back in time with this historic Detroit gem looking to be restored back to its former glory. Located in the heart of the Detroit Historical District, this massive brick home boast 5,000 sq. ft with cathedral ceiling throughout the house and a large foyer and grand staircase. This home has 6 b...

West Bloomfield Twp, MI Real Estate Market Update 11/8/2022 West Bloomfield Twp, MIMarket Update $424,450Median List Price$380,000Median Sale Price236Homes For Sale89Homes Sold33Days on MarketCurious about home values in this area? Check the ValuesPlease feel free to get in touch with any real estate questions. We welcome your business, and we promise to tak...

Are mortgage points worth it? A homebuyer's guide When considering the myriad choices for home financing, homebuyers might wonder, “Are mortgage points worth it?” By paying special fees to the lender, you can sometimes get a lower interest rate. However, the points are no small expense. It’s important to weigh the pros and cons before decidin...

Here's Why You Should Hire a Real Estate Agent to Sell Your Home Selling your home without a real estate agent might seem like the easier choice. However, there are still huge advantages to working with a professional to navigate the market. Here are some basic things to know about working with a real estate agent to sell your home: You Will Get More Exposure One...

Detroit, MI Real Estate Market Update 10/30/2022 Detroit, MIMarket Update $74,900Median List Price$77,750Median Sale Price2514Homes For Sale382Homes Sold45Days on MarketCurious about home values in this area? Check the ValuesPlease feel free to get in touch with any real estate questions. We welcome your business, and we promise to take exceptiona...