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Showing posts from April, 2025

🌟 Senior Living Week 2025: Many Voices & Views, Supporting Each Other in Aging 🌟

  The University of Michigan's Housing Bureau for Seniors is proud to once again present Senior Living Week , an annual event dedicated to educating, connecting, and celebrating our senior community, their families, and caregivers. 🏑❤️ Senior Living Week is a unique opportunity to explore a variety of resources and perspectives on aging — and to empower older adults to live vibrant, fulfilling lives. 🌿 πŸ“… Save the Dates! Senior Living Week: October 13–17, 2025 Senior Living Week EXPO: Saturday, October 11, 2025 πŸ“ Location: Washtenaw Community College, Morris Lawrence Building This year’s theme, "Many Voices & Views: Supporting Each Other in Aging," reminds us that aging is a journey best navigated together, with the support, experience, and wisdom of many. 🀝 The Senior Living Week EXPO on October 11 will kick off the week’s activities. πŸš€ Attendees can meet with a wide variety of senior living service providers , offering everything from housing options to fi...

Understanding the Inspection Period in Michigan: It’s More Than Just a Home Inspection

  In Michigan, many buyers believe that the home inspection period only applies to hiring a professional inspector to check the home’s physical condition. However, this period—commonly called the due diligence or inspection contingency period —is your opportunity to fully investigate the home and surrounding factors that may affect your decision to move forward. Typically, this inspection period lasts 7–10 days (or as defined in the purchase agreement) from the date your offer is accepted. During this time, you have the contractual right to cancel the agreement for any reason —whether due to inspection results, financing concerns, or just a change of heart. Once the contingency period ends, you're contractually obligated to move forward unless another contingency applies (such as financing or appraisal). Here’s a checklist to help make sure your due diligence is complete before your contingency deadline. ✅ 1. Review the Seller's Property Disclosure Statement In Michigan, sell...

πŸ” What Is Clear Cooperation in Real Estate—and Why It Matters to Buyers and Sellers

  In today’s competitive real estate market, transparency and fair access are more important than ever. That’s where the Clear Cooperation Policy comes in. Created by the National Association of REALTORS® (NAR), this policy was designed to ensure that all buyers have a fair shot at purchasing a home—and that sellers receive maximum exposure for their property. But recently, this policy has come under fire 🧨 from some large brokerages and is even being scrutinized by the Department of Justice (DOJ) . So what’s at stake, and why should buyers and sellers care? Let’s break it down. πŸ‘‡ What is Clear Cooperation? 🏠 Clear Cooperation requires REALTORS® to submit a listing to their local Multiple Listing Service ( MLS ) within one business day of marketing the property publicly . This includes signs in the yard, social media posts, email blasts, or any public promotion. πŸ“£ The goal is to eliminate “pocket listings”—homes marketed privately to a select group—and instead promote open an...

🏑 Should You Offer Seller Concessions? Here's What to Know

  As a home seller, you have options when it comes to marketing your property. One strategy is to offer seller concessions —financial incentives that can help attract buyers or close a deal more quickly. Here’s what you need to know to decide if this approach makes sense for you: What Are Seller Concessions, and Why Offer Them? πŸ’° Seller concessions are costs that you, the seller, agree to pay on the buyer’s behalf. These can make your home more appealing by reducing the buyer’s upfront expenses, which is especially helpful for buyers with limited cash. Concessions can lead to a quicker sale or a more competitive offer. Examples of Common Seller Concessions πŸ› ️ You can choose to cover a wide range of buyer-related expenses, including: πŸ“„ Title search fees 🏦 Loan origination or appraisal costs πŸ” Home inspections 🏘️ HOA fees 🧾 Property taxes πŸ”§ Home repairs or upgrades πŸ‘©‍πŸ’Ό Fees for professionals like real estate agents or attorneys How Do Seller Concessions Work? πŸ“ƒ Seller conc...