Selling your home in Michigan should be a straightforward matter. Unfortunately, thanks to the closing costs, it's hard to work out what you'll get in the end. Are you liable for closing costs? Is the buyer? What are the fees you'll pay? It's all very confusing.

In this post, we’ll discuss closing costs and what they cover, whether you're buying Bay Harbor real estate or Burt Lake real estate. 

What are Closing Costs?

These are the costs that come due once you've finalized the sale of the Michigan home. The fees average out at 1% to 3% but can go as high as 7%. The actual amount you pay depends on the state and town you call home. Each state and city have their regulations.

If there’s sufficient equity in the home, these costs will be…

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If you are planning an exciting summer, consider adding Walloon Lake to your list of can't-miss destinations. This lakeside town, though tiny in size, has a lot to offer in terms of fun activities, breathtaking views, vacation homes, and great food. Whether you are planning to travel with your children, your partner, or flying solo, Walloon Lake will give you a memorable experience. Here are some popular things you can do in this unique place.

Tommy's Ski and Wake School

This location is a fantastic getaway and adventure spot where families can enjoy wake-surfing, wakeboarding, wake-skating, kneeboarding, and water-skiing. You will get wakeboarding lessons from a professional instructor to experience the thrill of the waters.

If water-skiing…

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Who wouldn`t want to live in a waterfront property in Michigan? If we could all afford to live in these scenic and aesthetically appealing properties, everyone would own a seaside home.

From the cool sea breeze to the beautiful waves crashing gently beyond the shoreline, owning a waterfront property is a dream come true for most people.

Are you curious to know why you should choose waterfront properties on your next real estate trip?

Read on for the top 5 benefits of owning a Michigan seaside home, like the Walloon Lake real estate homes.

1. Health Benefits

Time away from the stresses of daily activities is an essential part of life. Owning a seaside property is the perfect investment to help you unwind and reenergize after a long week…

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Owning a house in Walloon Lake, Michigan is a significant investment, especially if you are looking to sell short-term or long-term. Property has the distinction over other investments that it appreciates competitively over time. It provides the opportunity to earn a decent return on your capital and make a substantial amount of profit once it is listed for sale.

Selling a home in Walloon Lake is not straightforward, though. Read on for five expert tips for how to sell your house for the most money in a competitive market of Walloon Lake real estate.

1. Understand the Market

Make a successful property sale easily by understanding the market behavior in Walloon Lake, Michigan.

  •        Do clients regularly search for homes?
  •        Are…

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Whether it’s your first or second home buying experience, financing should always be a major consideration. Buying a home is one of the most costly things, hence the need to get the best deal. House negotiations determine whether you pay thousands of dollars more or less on the real estate property. If you don’t get a reasonable deal, it might be difficult to find a financier who is willing to sponsor you.

Below are some tips to guide you through the negotiation process.

Understand the Market Trends

The biggest mistake you can make is starting your negotiations on the wrong foot. If you don’t have any knowledge about the average prices of the kind of house you want, it will be difficult to get a reasonable deal. You need to do prior…

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So you've found a house that you love, you've made an offer on it, and now you're in the closing phase of the purchase. Now what? 

You're in the final stretch, but you can't let your guard down yet. Here's the ultimate guide to buying your dream home just in time for the new year.

1. Home Inspection, Appraisal, Financing

The first thing you want to check off your list before closing is taking care of all contingencies. The most common that you will face are:

  • Home inspection
  • Appraisal
  • Mortgage approval timeline

The home inspection allows you to have the place professionally inspected before you purchase the home. An appraisal compares the market value of the home to your bid for fairness. The timeline allows you to back…

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You’ve spent months researching, negotiating, and inspecting a particular home; however, there is a chance that you missed some important details along the way. Purchasing a new home requires you to create a final walk-through checklist. This checklist is the last one you'll make to ensure everything is in order and no major modifications need to be made.

A final walk through checklist is so important because it verifies the information at hand prior to mortgage payments being set.

Step 1: Have a Reference to Guide Your Checklist

Before starting your final walk-through, make sure you have about 60 minutes to be thorough. You can use the following to conduct your real estate inspection:

  1. Contract of sale to use as a reference.

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There’s a lot of money and dedication that goes into buying a home. If you’re a first-time homebuyer, this can be a scary exercise. You don’t want to spend your hard-earned money on something that doesn’t excite you. You also don't want to invest in something that won't give you returns.

Buying a home requires thinking about the long-term. If you do it wrong, the decision will haunt you in the future.

To avoid the stress and complications that come with buying a home, it’s advisable to seek the counsel of a qualified real estate buyer agent. But what exactly does a real estate buyer agent do for you?

Identifies the Right Financing Option

Financing is one of the most critical areas of any home-buying process. While buying in cash might be…

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Not everyone is an expert at the art of selling a home. While this is not a skill needed most of the time, a lack of market fluency will make selling your home in Petoskey or the surrounding area very complicated if you don't have a realtor.

Before you work with any real estate professional, you should do everything you can to make sure they are experienced and trustworthy.

Here are 9 questions you should ask a realtor when selling your house.

1. "How Many Clients Are You Currently Representing?"

You may think that the most popular realtor will be the best option for you. However, if they are popular, it may also mean that they have a lot of other clients at once, making it difficult to have you as their top priority.

If you know how…

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Buying a home is a major decision. House hunting, mortgages, realtors, and inspections—all these sound scary to first-time homebuyers. However, if you know what to expect and look for in the process, then it does not have to be such a daunting task. This guide serves as a basis for all homebuyers from beginning the process to scoping out potential homes.

1) Check Your Credit and Decide on a Realistic Budget

If you have a low credit score, you may pay thousands of dollars more in interest than someone with a higher credit score who’s looking to buy a home in Walloon Lake MI. This is why, before you start the home buying process, you should check your credit score and decide what to do.

Make sure to use a FICO score, since that is what mostly…

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