It is safe to say that buying your home is one of the most important and expensive decisions you will ever make. It is due to this fact that you should get as much help and advice as possible when doing so. By gaining the right help and advice it is important that you know your legal rights and understand the buying process. The best way of doing this is by hiring the help of a real estate agent who is experienced and trained in all aspects of the Michigan real estate market.

If you are hoping to invest in a property then there are a few things that should be kept in mind such as it is very important that you have a regular income in order for you to be able to afford your monthly repayments. It is also important that you look into every legal implication that could affect your purchase. Anything that you need to know and any doubts that you face when it comes to buying a property will be taken care of with the correct help from a real estate agent. Remember buying a property is something that most of us will only ever do once in our lives so you need to make sure that you do it right so hire the help of a real estate agent or buyers specialist. (more…)

‘Part Buy Part Rent’ is perhaps more commonly known in the public domain as ‘shared ownership’ and it means that you own part of a property, whereas the lender owns the other part. Often this is split in a 50/50 or 60/40 percentage.

When you buy a property on a part buy part rent scheme you don’t own all of the property, but there are many benefits to doing this that make it worthwhile. For example, with a part buy part rent scheme you wouldn’t require as much deposit, which is useful now that mortgages are becoming very strict on deposits and most lenders require at least 10%, some rising to 40% for the best mortgage deals. (more…)