Inspectors

Inspectors

Plumbing and drain

AAAA Sewer and Drain
248-399-8595

Cregger Plumbing
Cathy
248-559-8887
Note: bloiler

Drain Detectives
Kevin
248-645-2448

JPD Sewer Inspections
Joshua Dutton
jpdinspections@comcast.net
248-645-6592

Structure

Jayco inspection
Jay Anderson
888-509-0991
Jaycoinspection.com

Homward Bound
800-228-8865


Conclusive Inspections
Joseph Leo
Conspect@hotmail.com
248-399-6969

Structure and Site
Martin Pasquinelli
248-854-7327

Housemaster Inspection Service
Rob Pace
888-848-0202

All America Home Inspection
Steve Dipple
248-760-5411

Your Inspection
Tony Herrera
313-690-0184

Morris Hagerman is a local real estate agent with Real Estate One in Royal Oak, Michigan.  He serves Berkley and the other Woodward 5 communities, including Ferndale, Pleasant Ridge, Royal Oak and Huntington Woods.  Hagerman is also a member of the Berkley/Huntington Woods Area Chamber of Commerce.  You can contact him by phone at 248-854-8440, email at morrishagermanproperties@gmail.com or visit his web page. 

Using a Realtor to sell your home

It was thought that the internet would help many more people sell their home on their own.  But, just the opposite has happen.  Research conducted by The National Association of Realtor’s found that For Sale By Owners (FSBOs) was 10% in 2011.  That is down from 14% in 2003 and 2004.

Half of all FSBO sales are transfers or other situations where the sellers were familiar with the buyers.  FSBOs were only 6% of all sales in 2011 when the seller and buyer did not know each other.

There are key reasons that sellers turn to a Realtor to help sell their homes.  Here are some:

• Price the home right for the market

Unless you have access to homes that are similar in the area that have sold in the last 3 to 6 months, it will be tough to price your home to the market.  The home may need to sell at a certain price to pay off the mortgage and provide a profit.  But, that isn’t necessarily the way the price is set.  If your home is overpriced, it will set on the market for ever.  If it is under priced, it will sell quickly, but not provide as much profit as could have been earned.

• The decline of print advertising as a major lead generator

In the past, newspaper ads would produce a fair number of calls on FSBOs. Today, a three-line ad in the local newspaper has little chance of competing with the wide array of information online, including video, color photos, 360-degree virtual tours, and a wealth of community and lifestyle data.

• Buyers seek rich content

Individual real estate companies, Realtor.com, and other national on line real estate websites provide the ability to reach all homes that are listed, no matter what agency listed the property.  Buyers find it more efficient to search these sites then to look for single homes for sale.  

• Instant gratification

Buyers will only view a home for 15-30 seconds on line.  If an owner doesn’t have a way of capturing the buyers contact information, they will lose them.  Then, if the buyer does contact the seller, if the seller doesn’t get back with them immediately, the buyer will move one.  Realtors know this well and make themselves available for any contact that comes forward.  Most people selling a home on their own have other things to do, like their job.  

• Buyers want the savings

When buyers do seek out FSBOs, they do it because they are expecting them to sell for less than market value.  Buyers even take 6-10% off the asking price at first approach.  In the end, homes sell for up to 20 percent off market.  

• The needle-in-the-haystack effect

Try searching for FSBOs on line and up will come real estate companies and individual Realtors.  To provide their clients with the best opportunity to sell homes at top dollar, these companies spend millions in designing their websites and managing their online presence.  When buyers search, their sites are on top.

Sellers can also post on the national real estate websites and for sale by owner sites.  But, again, it is the same issue as above.  Unless you are available from 7 in the morning till 8 or 9 at night, you will miss opportunities.  

Then there is Craig’s list.  The ad needs to be posted regularly to stay on top.  Since Craig’s only allows the same ad to be post every three days, for two of the three days the home is not on top.  A Realtor will make sure the posting stays on top.  Additionally, many people are very aware of the scams on Craig’s and have trust issues when contacting a private seller.  

• Potential buyers are reluctant to share information

When a potential buyer approaches a Realtor to get help finding a home, the Realtor needs a lot of information to help them find the home of their dreams.  This includes plenty of financial information to help qualify them for the home the buyer is looking for.  People will be reluctant to share this information with a stranger that is not licensed or insured.  

• Availability for showings

As above, being available 24/7 to meet with buyers is a problem.  Even if a lock box is on the door to let people in, can they be trusted.  Are they really a buyer or someone that just wants in the home?  When an agent lets people in your home, the agent is there with them.

• Understanding the Sales Process

Realtors are familiar with the process of selling a home.  They are accustom to working with purchase agreements, counter offers, negotiations, home inspections, title companies and closings.  Beside all the legal issues, there are agency policies, state and federal laws as well as issues that arise out of individual situations to satisfy.  If you work with a Realtor, you may want to consult a lawyer for many of the issues, but when you don’t have a Realtor, you will absolutely need a lawyer.  It will insure that something isn’t going to come up before the closing, during the closing or in some cases, a year or two later that will wreck havoc on the finances of the seller.

• Inspection

After the home is “sold” there are contingencies.  One is the inspection the buyer may require before providing a final approval.  There isn't a home that is perfect and the inspection will highlight all the imperfections in the home.  The buyer will return with a list of things that need to be fixed or will request money off of the sale price to proceed.  Realtors know about inspections and what may warrant repair or a price reduction.  Also, depending on a number of other factors, it may be best to pass on the sale and keep the house on the market.

• Appraisal

The home may sell for the price asked and be the best price on the market.  But, unless the lender for the buyer thinks that it is worth what it sold for, it will be tough getting an approval on the mortgage.  Realtors will make sure the house is priced right from the beginning, that the buyer is qualified and have the knowledge combined with experience to help, in many cases, get around the approval process.

In the end, a working with a Realtor is well worth the commission.

Morris Hagerman Properties Index

Morris Hagerman Real Estate One Website

FHA insured mortgage minimum property standards

FHA Minimum Property Standards

The Federal Housing Administration in an effort to promote homeownership and stable communities insures mortgages by private lenders.  An FHA mortgages comes with many advantages including a lower down payment, a lower interest rate and is easier to get qualified.   

An FHA mortgage does comes with stricter guidelines for the condition of the property.  The administration requires that each home meet more stringent safety and habitability requirements then most lenders would require.  This makes it more difficult to get a home approved for a mortgage, but means, the homeowner gets a better home.  

Here is a rundown of the basic safety and habitability standards that FHA appraisers look for in a home.

FHA Minimum Property Standards: Exterior

• A "Marketable", Complete Home

The loan can only be secured by a complete home that is marketable as a single piece of real estate.

• Public Access To The Home

The property must be accessible by public roads or other ways.  If there is no direct access from a public road there must be an easement associated with the property.

• Safe Access To The Home

The access to the property must be from a public or private street that has an all weather surface.  If it is privately owned street it must be maintain by some agreement with other homeowners or by a homeowners association.

• Absence Of Hazards

The home and property must be free of any safety or health hazards.  This could include radioactive material, mudflows and excessive pollution.  Homeowners can provide evidence that the hazards have been mitigated.

• Full Exterior Walls

FHA mortgage guidelines require that structures on a property, or at a property line, be separated from adjoining buildings by a full-height wall. If the full-height wall is an outermost exterior wall, the FHA requires that there be enough space between buildings in order to perform wall maintenance, as needed.

• Property Drainage

FHA-insured properties must be graded so that water drains away from building perimeter walls, and so that water does not pond on the property.

• Sound Construction

The FHA requires that its insured homes be free of defective construction, poor workmanship, evidence of continuing building settlement, excessive dampness, leakage, decay, termites or any other condition that impairs its safety, sanitation or structural soundness.

• Roofing

FHA-insured homes must have a roof which is water-tight and shows no evidence of missing tiles, shingles, or flashing; or signs of leakage.

FHA Minimum Property Standards: Interior

• Room Counts

An FHA-insured property must have adequate space for living, sleeping, cooking and dining. It must also have sanitary facilities including, but not limited to, bathrooms with showers and/or bath tubs.

• Sanitation

An FHA-insured property must have a continuing supply of safe drinking water, sanitary facilities, a safe method of sewage disposal, adequate heating, indoor hot water, and electricity for lights and equipment.

• Utilities

Water, gas, electric and sewer services for an FHA-insured properties must be independent for the property, with no dependence on another property. In a multi-unit building of 2-, 3-, or 4-units where utilities are shared among owners, each unit must maintain a separate shut-off switch for its utilities. Common services including laundry facilities, storage space or heating, are allowed.

• Attics And Crawl Spaces

The attics and crawl spaces of an FHA-insured home must have proper natural ventilation to reduce excess heat or moisture that can lead to structural decay or deterioration. Crawl spaces must be accessible and clear of debris.

Morris Hagerman Real Estate One Website

August construction spending is up 7.1 percent over last year

For Release at 10:00 A.M. EDT, Tuesday, October 22, 2013

Joseph Huesman, Linnet Holland, or Trent Langley (301) 763-1605

AUGUST 2013 CONSTRUCTION AT $915.1 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today (October 22, 2013) that construction spending during August 2013 was estimated at a seasonally adjusted annual rate of $915.1 billion, 0.6 percent (±2.1%) above the revised July estimate of $909.4 billion. The August figure is 7.1 percent (±2.3%) above the August 2012 estimate of $854.0 billion.
During the first 8 months of this year, construction spending amounted to $581.9 billion, 5.9 percent (±1.5%) above the $549.4 billion for the same period in 2012.

PRIVATE CONSTRUCTION Spending on private construction was at a seasonally adjusted annual rate of $640.5 billion, 0.7 percent (±1.2%) above the revised July estimate of $636.1 billion. Residential construction was at a seasonally adjusted annual rate of $340.2 billion in August, 1.2 percent (±1.3%) above the revised July estimate of $336.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $300.3 billion in August, 0.1 percent (±1.2%) above the revised July estimate of $299.9 billion.

PUBLIC CONSTRUCTION In August, the estimated seasonally adjusted annual rate of public construction spending was $274.5 billion, 0.4 percent (±3.3%) above the revised July estimate of $273.4 billion. Educational construction was at a seasonally adjusted annual rate of $63.8 billion, 1.3 percent (±5.9%) below the revised July estimate of $64.6 billion. Highway construction was at a seasonally adjusted annual rate of $80.6 billion, 0.1 percent (±7.4%) above the revised July estimate of $80.5 billion.

Morris Hagerman is a local real estate agent with Real Estate One in Royal Oak, Michigan.  He serves Berkley and the other Woodward 5 communities, including Ferndale, Pleasant Ridge, Royal Oak and Huntington Woods.  Hagerman is also a member of the Berkley/Huntington Woods Area Chamber of Commerce.  You can contact him by phone at 248-854-8440, email at morrishagermanproperties@gmail.com or visit his web page.