Keys and Cocktails - Detroit Real Estate Podcast

Keys and Cocktails is a podcast about Detroit Real estate brought to you by Valyncia Page and Justin Cain of Front Page Properties. Follow Valyncia OnlineInstagram - instagram.com/valynciapage/Facebook - facebook.com/valynciarealty/ Follow Justin OnlineInstagram - instagram.com/key2thecityFacebook - https://www.facebook.com/JustinR.Cain Follow Front Page PropertyInstagram - instagram.com/frontpageproperties/website - iselldetroit.com Filmed and recorded at Take Studios in Detroitinstagram.com/takestudios.tv

Follow Valyncia OnlineInstagram - instagram.com/valynciapage/Facebook - facebook.com/valynciarealty/Follow Justin OnlineInstagram - instagram.com/key2thecityFacebook - https://www.facebook.com/JustinR.Cain Follow Front Page PropertyInstagram - instagram.com/frontpageproperties/website - iselldetroit.com Filmed and recorded at Take Studios in Detroitinstagram.com/takestudios.tv

In this episode Valyncia Page & Justin Cain talk about the hottest neighborhoods in Detroit and why you should use a real estate agent when buying or selling a home.

In this episode the two hosts talk about their road to real estate.

Keys n cocktails show notes ep 400;00;35;21 Episode cocktail -  House of Pur Vin00;01;00;07 East eats00;02;11;18 Home ownership vs leasing00;05;22;06 cons of leasing00;14;14;29 house hacking Follow Valyncia OnlineInstagram - instagram.com/valynciapage/Facebook - facebook.com/valynciarealty/ Follow Justin OnlineInstagram - instagram.com/key2thecityFacebook - https://www.facebook.com/JustinR.Cain Follow Front Page PropertyInstagram - instagram.com/frontpageproperties/website - iselldetroit.com Filmed and recorded at Take Studios in Detroitinstagram.com/takestudios.tv

This week we have Quicken Loans mortgage banker Brian Cook on the show. In this episode we talk the pre-approval process, common Detroit neighborhoods for first-time home buyers, self-employed people getting qualified for a mortgage, and much more.00:02:32:04 pre-approval process00:04:40:03 fha loan vs conventional loan vs VA loan00:15:29:20 the significance of a home appraisal00:19:11:19 appraisal guarantee00:25:06:12 Being scared to pick up the phone and working with a lender00:25:54:09 Quicken Loans ‘fresh start' credit program00:28:17:10 self-employed people working getting qualified for a mortgage00:30:25:23 how many years of tax returns are required00:33:07:11 Episode sponsor Detroit City Distillery00:33:45:13 areas of interest for first time home buyers00:36:29:16 building wealth in  the current real estate climate00:41:11:14 avoiding buying in the top of the market - buying in areas that are appreciating00:44:43:10 first time home buyers00:46:56:12 fixer uppers00:49:17:17 understanding that your first home is not your last home Follow Valyncia OnlineInstagram - instagram.com/valynciapage/Facebook - facebook.com/valynciarealty/ Follow Justin OnlineInstagram - instagram.com/key2thecityFacebook - https://www.facebook.com/JustinR.Cain Follow Front Page PropertyInstagram - instagram.com/frontpageproperties/website - iselldetroit.com Filmed and recorded at Take Studios in Detroitinstagram.com/takestudios.tv

 Follow Valyncia Online Instagram - instagram.com/valynciapage/Facebook - facebook.com/valynciarealty/ Follow Justin Online Instagram - instagram.com/key2thecityFacebook - https://www.facebook.com/JustinR.Cain Follow Front Page RealtyInstagram - instagram.com/frontpageproperties/website - iselldetroit.com Filmed and recorded at Take Studios in Detroitinstagram.com/takestudios.tv Episode Timestamps01:52 COCKTAIL OF THE DAY - Detroit Vineyards02:34 First thing to consider when purchasing a home5:21 talking to lenders, mortgage brokers and your home buying team6:26 the 2nd step: Consult with an agent7:14 working with an agent, within your budget 9:00 how long does it take to find a home?11:36 fees you encounter during the home buying process12:00 earnest money deposit14:40 making an offer - the process16:29 the inspection report17:33 the appraisal 17:54 sold comparables (comps)22:22 what if the home doesn't appraise24:07 appraisal guarantee26:33 neighborhood options for first time home buyers

Keys and Cocktails is a podcast about Detroit Real estate brought to you by Valyncia Page and Justin Cain of Front Page Realty.Follow Valyncia OnlineInstagram - instagram.com/valynciapage/Facebook - facebook.com/valynciarealty/Follow Justin OnlineInstagram - instagram.com/key2thecityFacebook - facebook.com/JustinR.CainFollow Front Page RealtyInstagram - instagram.com/frontpageproperties/website - iselldetroit.comFilmed and recorded at Take Studios in Detroitinstagram.com/takestudios.tv Episode timestamps 00:35 Sponsor message1:33market update (its a sellers market)2:12 low interest rates - low inventory - bidding wars2:56 north rosedale park home 40k over asking price3:31 appraisal guarantee 4:17 low inventory during pandemic04:54 buyersrelocating from smaller spaces to largert areas7:00 advice to sellers08:51 advice to sellers9:49 flagstar lending program11:05 low credit score conventional loans12:08 fha appraisal (fha vs conventional)15:37 most competitive areas in detroit16:57 write to win17:29 highest and best18:10 covid-19 safety precautions20:17 covid safety tips at showings21:38 how did the shutdown affect your business?24:21 Market updates about Detroit development projects26:23 The Meijer Supermarket development on Jefferson Ave update27:41 getting in Contact with Justin & Valynica29:50 benefits of working with front page properties