Author: jaybuysdetroit

Consultant selected for Warrendale-Cody Rouge neighborhood framework

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by Kurt Nagl at Crain’s Detroit The city of Detroit selected Hector Design to develop what it considers a first-of-its-kind framework for making the Warrendale-Cody Rouge neighborhood more kid-friendly, the city said Thursday. The New Jersey-based consultant was hired as part of the city’s bid to improve mobility, housing, education, health and public safety in … Continued

What is a Pre-Foreclosure in Detroit?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Detroit anyway? Many homeowners across America and Detroit are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

The Detroit Dream

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  Imagine a place where families felt safe to live, a place where children would ride their bicycles down the street and play with their neighborhood friends. Let’s think back to a time when kids could walk to school and their parents wouldn’t have to worry about them returning safely. Let’s recall a time when … Continued

Tips on Buying Real Estate with your IRA in Detroit – Jay Buys Detroit

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While most people understand that real estate is an investment, many people are taking advantage of the qualified retirement accounts to purchase real estate as an appreciating or revenue-generating instrument like IRAs. It’s really important to understand the tax implications, legal ramifications, and various other intricacies of purchasing Detroit real estate within your IRA. So, let’s dive into … Continued

7 Signs It’s Time To Buy A House in Detroit

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There are many things that can make people take the leap from renter to owner. As any investor will tell you, the benefits of owning the place you live in outweigh any additional costs you might incur. In some instances, buying a house is actually cheaper than renting! In our latest post, we discuss some … Continued

How to Avoid Foreclosure in Detroit

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While the housing market is rebounding, many people in Detroit] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued

How to Sell Your House to an Investor in Detroit Michigan

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Home ownership just isn’t what it was in the 1950’s. In the past, people would buy a home and live there for the rest of their lives, often passing it on to their family. Things have changed. Many first-time homebuyers are going into it with the attitude that they’ll sell when it’s time for a change. If … Continued

Selling Your Home During a Divorce in Detroit

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If you’re wondering about the ins and outs of selling your home during a divorce in Detroit MI… we’ll dive into the steps and things to look out for in this article. With over 50% of American marriages ending in divorce, many Detroit MI residents are looking or advice for selling a home during a divorce. … Continued

How to stay in my home after foreclosure in Detroit

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

We buy houses in Detroit companies – are they credible?

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If you’ve been driving around in Detroit, chances are you’ve seen some billboards advertising companies that buy houses. Often times they say things like “We Buy Detroit Houses!” or “Cash For Your House”. Are these “we buy houses in Detroit companies” credible? How do I know if the local house buying companies out there are honest … Continued

Understanding the Foreclosure Process in Michigan

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Understanding the foreclosure process in Michigan is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued

Can I sell my Detroit house in foreclosure?

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Do you have a Detroit Michigan house that’s in foreclosure right now? Many people going through the Michigan foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can … Continued

Selling My House for Cash in Detroit

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Should you take a cash offer for your Detroit house? Not always. I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no. Selling My House For Cash In Detroit If you’re selling a property in Detroit to an end buyer (the person living … Continued