Halley Team
Jim & Crystal Halley
July 2019
Real
"Put Our Family to Work for Your Family"


How to Make Sure You Don’t Fall out of Escrow—Buyer’s Version
According to The Truth About Mortgage, the "sale fail” rate of homes is rising. "More than four out of 100 sales look as if they’re going to close, and then fall out of escrow for one reason or another,” they said.
      So how do you protect your purchase and make sure you get to the finish line? These four tips will help.
      1. Prepare yourself for the inspection Especially if you’re buying an older home, there are bound to be some surprises in the inspection report. The sale fail trend is particularly pronounced for older homes.
      "Homes built from 1959 through 
Mortgage Rates
U.S. averages as of July 2019:


30 yr. fixed: 3.73%
15 yr. fixed: 3.16%
5/1 yr. adj: 3.39%






1969 had the highest sale fail rate at 5.2%, compared to homes built in 2016, with a dropout rate of only 2.6%, which is among the lowest proportion of failed sale bands,” said The Truth
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How to Make Sure Your Home Closes Escrow—Seller’s Version
     You just heard those magic words: "We have a deal.” Now, you just have to get through escrow and you can move on to the next stage in your life. That means making sure your home doesn’t end up back on the market. Here are 6 steps you can take both before you list and during the escrow process to make sure everything goes smoothly all the way to closing.
      1. Carefully consider your sales price If you’re working with an experienced real estate agent, he or she should have a recommended pricing strategy based on area comparables. Pressuring your agent for a higher sales price could cause the home to sit on the market and, if you do get an offer, the appraisal may not match the sales price. "If the appraisal comes in



Tips for Keeping Your Home Safe During Summer
     Does your house turn into summer camp as soon as school gets out? Does it seem like you’re hosting the whole neighborhood on a daily basis? It’s great to be the "fun house”—the one where everybody wants to hang out. But, if that means you’re going to have a bunch of people coming through the door (especially children), there are some precautions you’re going to want to take to help keep everyone safe and keep you from being sued or on the hook for expensive medical treatments—or worse.
      Gate your pool According to the Center for Disease Control (CDC), "there were an average of 3,536 fatal unintentional drownings (non-boating related) annually in the United States” between 2005 and 2014. That’s just about 10 deaths every day, many of which could have been avoided with safety precautions to keep children out of the pool area, like a simple gate. Costs range

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Is It a Good Time for You to Remodel? It May Depend on Where You Live
     If you live in an older home or one that could use a couple of updates, the question is often: Move or renovate? But, today, there’s another question among those who want to renovate: Do it now or wait?
      Increased prices on many items, "from tile to counter tops, laminates to lighting,” said CNBC, are painful, thanks to the trade war with China. "Nearly three out of four remodelers this year reported higher prices for customers due to higher costs for labor, according to a new survey from the National Association of Home Builders,” they said. And that was before tariffs went from 10% to 25%.
      "Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year, according to the Leading Indicator of Remodeling Activity (LIRA)…by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University,” they said. "The LIRA forecasts that year-over-year growth in homeowner remodeling expenditure will slow from about 7 percent today to 2.6 percent by the


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More Articles
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What Happens When Your Sales Contract and Appraisal Don’t Agree
7 Reasons to Keep Your Credit Good After You’ve Bought a House
How to Make Your Backyard Feel Like a Resort



Jim & Crystal Halley Associate Broker CDPE CRS
E-mail: crystalhalley@remax.net
Website: www.halleyteam.com
Cell: 248-568-0038

RE/MAX Classic
248-348-3000 x209
26870 Beck Rd.
Novi, MI 48374


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