Lynn Caldwell
313.884.2293 (Direct)
586.764.1356 (Cell)

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Why homeownership is important to Americans
Nearly every survey over the last 50 years shows that the vast majority of Americans consider homeownership to be part of the American Dream. It's still true today. A recent National Association of REALTORS® (NAR) survey found 87% of consumers said homeownership is part of their American Dream. 

Homeownership remains the greatest source of wealth among Americans. Economists tell us that for every two homes sold, one job is created in the U.S. Every home purchased generates as much as $60,000 in economic activity over time. 

Also, Fannie Mae research shows that:
  • Homeownership creates safer, more stable neighborhoods.
  • Homeowners vote more often than renters, and they are happier and more satisfied then renters.
  • Children of homeowners do better in school, with higher test scores and lower anti-social behaviors.
The bottom line: in America, homeownership matters.
Make a great impression with sellers
When it's a seller's market, you can't always compete against an all-cash offer from a buyer wiling to close quickly. But there are some things you can do to make a great impression with sellers:
  • Making a higher down payment – 25 percent or more. Sellers will worry less that you won't qualify for a mortgage and know you are a serious buyer.
  • Offering to make a larger earnest money deposit can impress: it signals you won't easily back out of the deal.
  • Shortening the contingency period and not asking for large seller concessions shows you're committed to moving quickly.
  • For the right seller, a heartfelt "buyer's love letter" may tip the scale in your favor.
Sometimes it's not the highest-priced offer that wins the day, but a buyer willing to go the extra mile.
New to the Market
20614 Danbury Lane, Harper Woods, MI 48225
$199,990
4 Bedrooms  |  2.1 Bathrooms  |  1982 Square Feet
Listing ID: 31356404

Grosse Pointe Schools Fantastic Harper Woods Brick Colonial home on Sought After and Charming Danbury Lane. Clean and Very Well Maintained. 4
Bedrooms, 2 ½ bath, 1,982 Sq. Ft., Formal Dining Room, Living Room, Crown Moldings most rooms, Hardwood, some under carpet, Updated Kitchen, Eating Area, Pantry and Stainless Appliances, Family Room w/ Fireplace and door wall leading to Paver Patio and Private Fenced Yard, Master w/ Double Closets and Updated Full Bath Finished basement w/ lots of storage Newer Windows, Roof, Furnace, Hot water heater and Updated Electrical, 2 Car Attached Garage w/ loft storage, Alarm System and Sprinkler System. Buyers won’t be disappointed.
Will a new Starbucks nearby increase the value of your home?
Does the value of your home depend on how close you live to a Starbucks? Believe it or not, research shows there is a "Starbucks effect" on property values. A study of property values between 1997 and 2014 looked at homes within walking distance - one quarter of a mile - of a Starbucks and found they appreciated at a rate of 96. That compares to the national appreciation average of 65 percent for the same period.

But not all coffee places are created equal. The study by Zillow also found that homes near Dunkin' Donuts appreciated just 80 percent during the same period. Another study by RealtyTrac shows that a home sharing a zip code with a Trader Joe's location grew 40 percent since it was purchased, versus the national average of 34 percent.
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 8/18
©2018 Real Living Real Estate, LLC. Independently owned and operated.