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A Must Read if Your Are Considering Building a New Construction Home

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This past weekend our team previewed all the new construction sites in South Lyon and Lyon Township. It took a while! After all, it is one of the fastest building communities in the State of Michigan. We collected updated pricing, floor plans, availability, and current promotions. Our team also has all the new construction information in Northville and Novi. If you’re planning on making a move, and you’re considering building your next home, STOP!! Before you visit the beautifully decorated and landscaped model home, and fall in love with the idea of building your dream home, you really need to take a minute to read the rest of this article. PLEASE NOTE: If you do not have a Realtor in attendance with you the first time you go to the builders model, this will prevent you from moving forward with FREE PROFESSIONAL representation, a substantial and often overlooked value to every buyer. Before you visit, or even talk to a builder’s site agent, consider the benefits of enlisting a Real Estate Agent through the process. There are some real significant advantages to using a Realtor experienced in new home construction, and the best part is; the builder’s already paid for it! Here are the Top 10 benefits of enlisting an experienced Real Estate Agent before you begin the home building process.

  • A Realtor, experienced in the local building market, who is a new homes specialist, can assist you in choosing the right builder based on your individual preferences and budget.
  • An experience Realtor does all the research for you! He interviews other owners, rates product, service, quality, and warranties.
  • Site agents represent the builder. They are top-notch sales people who know how to close a deal. Shouldn’t you have a professional working for you?
  • Very often, a recently built home may come on the market that meets all your requirements. A Realtor can show you that home and help make an offer if you prefer. Do you think a buildersagent is going to inform you of that resale?
  • If you have a home to sell, a Realtor can assist you with the pricing and marketing of your house. An experienced Realtor understands the timing involved to sell your existing house and get you into your new home.
  • A Realtor, is knowledgeable in new home construction, helps buyers understand the process of building a new home and the many unforeseen decisions on the horizon.
  • A Realtor is your single point of contact with the builder. They can facilitate communication with all the parties involved.
  • Many times, a builder’s model maybe the perfect home for you. A Realtor may be able to negotiate the purchase of the model and lease it back to the builder so that the builder can continue to use the model until the neighborhood is sold out.
  • Realtors have a large network of real estate professionals for financing, home inspectors, attorneys, etc.
  • Realtor services are FREE to the buyer. Every builder in the area works with Realtors, factors their compensation into the price, and encourages Realtors to bring potential clients in. As I mentioned earlier, you must have a Realtor in attendance with you the first time you visit the model, even if you’re stopping in to take a quick look at the model. The Realtor needs to register with you so that you are protected. Even if you decide not to build I believe you will find it beneficial having a Realtor walk through the model with you.

If you are considering building your new home, take it from our expert new construction team, and hire an experienced Realtor. We can help make the entire building process satisfying and enjoyable. It is important to us you know we are here to help. Feel free to call our office anytime at ‪(248) 939-9393.

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My Letter of Gratitude

Thank-You-message2_edited-117 years ago this month, I successfully passed my real estate salesperson license and started a new chapter in my life. It is almost surreal the journey that I have experienced. When I started my real estate career I was living at home with my parents, held three other jobs which were delivering pizza, working as a paid-on-call firefighter and picking up life guard shifts. I was determined to do what it took to succeed in real estate and wanted to make a difference while helping people accomplish their goals.

I have helped 693 wonderful people accomplish their real estate goals whether it was selling, buying or leasing a residential property which has totaled over 153 million dollars in sales. I am proud to say that over 75% of my clientele comes from either referral’s or business from past clients, friends, neighbors and other great people in my sphere.

My business has grown from 2 million dollars in sales my first year to almost 30 million dollars of sales in 2016. I started my career as one man show and have built a team that consists of five amazingly talented, passionate and dedicated licensed professionals who passionately believe in the core values of consistency, value, relationships, expertise and contribution.

I would graciously ask if you could please take a moment to think of the first person who comes to mind that is looking to sell or buy a home this year. Please feel free to call, text or e-mail me your referral if I have your permission to reach out them directly.

Thank you in advance for your trust and keeping me in mind for anyone you know that could benefit from the first-class real estate services I provide. My success is because of your continued trust and referrals.

With Gratitude,

Jeff Duneske

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Beware of Discount Brokers

As a home seller, typically your net profit is one of the most important goals when selling your home. Many prospective home owners interview more than one real estate broker prior to choosing one. Sometimes, a home owner may be persuaded to hire another Realtor that agrees to reduce their commission.

I understand that looking at this appears as this would save you a lot of money. I would agree that sounds great up front but let me express my concern you should be aware of. If you look at all the homes on the market, and look at the number of homes that have sold, there is quite a difference. It is one thing to list your home for sale, another to sell it, and another to close the transaction.

I have a question to propose… If your home is offering less money to agents who show your home, and another home that is close in square footage and similar floor plan to yours is offering the agent a bigger commission, which one are they going to show? The one that offers them the most money.

This is no different from you going to work and being presented with two jobs that are identical, take the same amount of time and effort, and yet one pays more than the other. You would take the one with the most pay just like the Realtors. Right?

Another thing to consider is do you think a Realtor who is willing to reduce their commission by 1%, or 33% of their gross profit without hesitation is going to fight for your profit and help you maximize your proceeds?

Make sure you look at everything the Realtor is presenting including a well-documented marketing strategy and proposal and proven market experience. It is important that you do not get blinded by an upfront reduction in commission because you only pay a commission once your home sells and closes for a price and conditions that you desire.

When you hire the Duneske Real Estate Advisors, you will get first class service from listing to closing. Being one of the top agents in the area, we have proven and repeatable strategies to help our clients maximize their profits while minimizing the inconvenience of having your home be on the market in show ready condition. I would encourage you to visit http://www.AwesomeHomeTour.com and see the 3-D technology we can do for our home sellers. This technology has proven to get our clients more for their home, reducing number or showings and reducing the number of days on the market.

It is important you know; we are here to help and please contact me anytime at (248) 939-9393 to discuss your real estate goals.

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Thinking of Selling? 5 Reasons You Shouldn’t FSBO

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In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO).

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Here Comes the Housing Inventory!!

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Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand.

DEMAND

Demand for single-family housing has continued to increase as the economy slowly moves forward. Recent surveys have shown that over 80% of each generation still believes that homeownership is a part of the American Dream. And a recent Gallup survey showed that Americans believe that real estate is the best long-term investment.

SUPPLY

Over the last several years, many homeowners were unable to put their homes on the market for an assortment of reasons (family finances, no or limited equity in the home). There has been a pent-up supply of sellers who have wanted to move but couldn’t. Below is a graph depicting the number of years families have historically stayed in a home. We can see there is pent-up seller demand.

Here Comes the Housing Inventory!! | MyKCMAs the economy improves and more families reach the point of significant equity (20%), we will see these homes come to market. As supply then matches demand, the acceleration of home price increases will begin to slow.

Bottom Line

If you are one of the families that have been chained to your current home over the last 5-7 years, now may be the time to break free and find the home of your dreams.

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Harvard: 5 Reasons Why Owning A Home Makes Sense Financially

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We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities.

Eric Belsky is the Managing Director of the Joint Center of Housing Studies (JCHS) at Harvard University. He authored a paper on homeownership titled – The Dream Lives On: The Future of Homeownership in America. In his paper, Belsky reveals five financial reasons why people should consider buying a home.

Here are the five reasons, each followed by an excerpt from the study: 

1) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2) You’re paying for housing whether you own or rent.

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.” 

3) Owning is usually a form of “forced savings.”

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4) There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from income…On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition. 

Bottom Line

We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. If you are considering a purchase this year, let’s get together and evaluate your ability to do so.

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5 Reasons To Hire A Real Estate Pro

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Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions, are to make sure that you acquire your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible) to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a Real Estate Professional?

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