Lynn Caldwell
313.884.2293 (Direct)
586.764.1356 (Cell)

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Does an online home valuation really work?
It's so easy to go to a popular real estate website, enter your home address, click on a button and then bam! In an instant, a webpage appears with your "home value". Today, there's a plethora of online home valuations. It almost feels like an ice cream store, because they come in so many different flavors. 

But do these online home valuations really work? Short answer: no. They are never as accurate as an estimate from a real estate professional who knows your local market and your home. Studies have shown even the best ones can be off by 30% or more. 

Just ask Zillow's CEO. He sold his home in Seattle for $1.05 million. The Zestimate on his home: $1.75 million.
Millennial Mythbuster: They really want to be home buyers
Millennials are often labeled the renter generation. It turns out that's a myth. Researchers have found that Millennials want to own a home. Today, more than one-third of Millennials are already homeowners, says the National Association of Realtors. 

Compared to previous generations, Fannie Mae research shows that while fewer Millennials are initially buying homes, they are accelerating their purchase activity as they get older. 

In fact, not only do Millennials want to own a home, they want to own multiple homes throughout their lifetimes. One study found that more than two-thirds of Millennials see their current home as just one step towards the home they eventually want. Millennials might just become the greatest home-owning generation of the last 100 years.
New to the Market
22542 Benjamin Street, St. Clair Shores, MI 48081
$469,900
3 Bedrooms  |  2 Bathrooms  |  2,662 Square Feet
Listing ID: 217105959

Fantastic Panoramic Views of the Lake from this Waterfront/Canal Front home. 100 feet Views on the Waterfront and 75 feet on the Canal with Hoist for up to a 28-foot boat, so no obstructed lake views. Canal dredged 2 years ago. Fantastic Lake Views from Living, Dining, and Family Rooms, Kitchen and Master Bedroom. Updated Kitchen with granite and High End Stainless Appliances, Updated Main bath, Master with Updated Bath, Walk In California Closet and Balcony overlooking the Lake and Canal, 2nd floor laundry, Natural Fireplace, Formal Dining Room, Family Room, New Board and Batten Sun and Wind Resistant Exterior Siding, Attached Garage with Loft Storage, Sprinkler system that pumps from the canal and the list goes on. Flood Insurance Required.

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Why is it risky to do a For Sale by Owner?
It may be tempting to try and sell your home on your own, but only if you actually save money. Unfortunately, the research says otherwise. Homes sold by owners sell for an average of 16% less than homes sold by sellers who work with a real estate agent. 

But there's an even bigger risk. Without the representation of a licensed real estate agent, the owner assumes all the liability. If the owner reports the home has "double pane" windows, but they are actually single pane, the buyer can sue. The remedy: the seller could end up replacing all the windows after the sale on their own dime! 

That's one more reason to hire a professional to sell your home.
Lynn Caldwell

Sine & Monaghan, REALTORS® Real Living
18412 Mack Ave.
Grosse Pointe Farms, MI 48236
©2018 Real Living Real Estate, LLC. An independently owned and operated firm. Real Living is a registered service mark. Equal Opportunity Housing Provider. Pub 1/18
©2018 Real Living Real Estate, LLC. Independently owned and operated.