Real Estate Resources in Michigan
Detroit, Michigan City Information
Detroit has long had a reputation as one of the country’s most dangerous cities. In reality, living in Detroit isn’t much different from living in any big city. Its neighborhoods are made up of tight-knit, friendly communities, and a sense of camaraderie makes the big city feel like home.
Detroit has one of the lowest living costs in the country and is a very affordable place to live and work. Yes, the economy here is still rebuilding, but housing prices are some of the lowest in the country. It has given many of the almost 700,000 residents who live here the opportunity to boost their prosperity.
Detroit, Michigan Real Estate Information
Despite remarkable gains over the past five years, Detroit’s housing market continues to offer opportunities for residents, making it a great time to buy a home in Detroit. Between 2014 and 2022, average home values in the city more than doubled.
The housing market in Michigan is still hot as the peak home-buying season approaches. In the past 90 days, mortgage rates have jumped to their highest numbers in more than a decade, but the market hasn’t slowed.
Real Estate Links
What Is a Company That Buys Houses in Michigan?
If you are a home seller looking for a buyer for your property, you owe it to yourself to explore all your options and get the facts about companies that buy houses in Michigan. We encourage you to dig through our home buyer blog pages to learn more about what we do. Below are some objective third-party sites that explain what a home buyer is and how they can help you sell your house fast in Detroit, Michigan.
Resources for Selling a House Regardless of Your Situation
Not every home sale fits nicely into a traditional market package. There are a lot of circumstances that may keep you from being able to sell your house the traditional way. A cash sale gives you more flexibility to sell your house as-is for cash and get out of your mortgage. Here are some resources for common situations in which we work with home sellers.
If you plan to file bankruptcy, a cash sale may help you pay off your debts or avoid bankruptcy.
- “How to Sell a Home During Bankruptcy” – NOLO
- “Can I Keep My Home After Filing Bankruptcy?’ – FindLaw
- “What if I Want to Sell My Home During Bankruptcy?” – Allmand Law
If you have late mortgage payments or are on the verge of foreclosure, a distressed house, or a short sale, a cash home sale can help you sell your house fast and get out of your mortgage. This option can help you avoid foreclosure and even save your credit to buy another house down the road.
If a deceased loved one left behind debts or unpaid taxes, the executor (usually a family member) will need to assess and sell enough assets to pay the debts. You may need to sell your inherited house as-is for cash to raise enough money to pay the debt and close the probate case.
- “How to Sell a House During Probate” – DH Trust Law
- “Can an Executor Sell a House in Probate?” – SFGate
Trying to sell a house during divorce is difficult enough due to the legal issues between both parties in court. A divorce can also lead to financial hardship such as bankruptcy or foreclosure. So, the question is whether you can legally sell your house during a divorce proceeding and whether you should sell your house before or after a divorce.