Listen Now

Keys and Cocktails is a podcast about Detroit Real estate brought to you by Valyncia Page of Front Page Properties.  Follow Valyncia Online Instagram - instagram.com/valynciapage/ Facebook - facebook.com/valynciarealty/   Follow Front Page Properties Instagram - instagram.com/frontpageproperties/ website - iselldetroit.com   Filmed and recorded at Take Studios in Detroit instagram.com/takestudios.tv

Follow Valyncia Online Instagram - instagram.com/valynciapage/ Facebook - facebook.com/valynciarealty/ Follow Justin Online Instagram - instagram.com/key2thecity Facebook - https://www.facebook.com/JustinR.Cain   Follow Front Page Property Instagram - instagram.com/frontpageproperties/ website - iselldetroit.com   Filmed and recorded at Take Studios in Detroit instagram.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 4 00;00;35;21 Episode cocktail -  House of Pur Vin 00;01;00;07 East eats 00;02;11;18 Home ownership vs leasing 00;05;22;06 cons of leasing 00;14;14;29 house hacking   Follow Valyncia Online Instagram - instagram.com/valynciapage/ Facebook - facebook.com/valynciarealty/   Follow Justin Online Instagram - instagram.com/key2thecity Facebook - https://www.facebook.com/JustinR.Cain   Follow Front Page Property Instagram - instagram.com/frontpageproperties/ website - iselldetroit.com   Filmed and recorded at Take Studios in Detroit instagram.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 process 00:04:40:03 fha loan vs conventional loan vs VA loan 00:15:29:20 the significance of a home appraisal 00:19:11:19 appraisal guarantee 00:25:06:12 Being scared to pick up the phone and working with a lender 00:25:54:09 Quicken Loans ‘fresh start’ credit program 00:28:17:10 self-employed people working getting qualified for a mortgage 00:30:25:23 how many years of tax returns are required 00:33:07:11 Episode sponsor Detroit City Distillery 00:33:45:13 areas of interest for first time home buyers 00:36:29:16 building wealth in  the current real estate climate 00:41:11:14 avoiding buying in the top of the market - buying in areas that are appreciating 00:44:43:10 first time home buyers 00:46:56:12 fixer uppers 00:49:17:17 understanding that your first home is not your last home   Follow Valyncia Online Instagram - instagram.com/valynciapage/ Facebook - facebook.com/valynciarealty/   Follow Justin Online Instagram - instagram.com/key2thecity Facebook - https://www.facebook.com/JustinR.Cain   Follow Front Page Property Instagram - instagram.com/frontpageproperties/ website - iselldetroit.com   Filmed and recorded at Take Studios in Detroit instagram.com/takestudios.tv

 Follow Valyncia Online Instagram - instagram.com/valynciapage/ Facebook - facebook.com/valynciarealty/   Follow Justin Online Instagram - instagram.com/key2thecity Facebook - https://www.facebook.com/JustinR.Cain   Follow Front Page Realty Instagram - instagram.com/frontpageproperties/ website - iselldetroit.com   Filmed and recorded at Take Studios in Detroit instagram.com/takestudios.tv   Episode Timestamps 01:52 COCKTAIL OF THE DAY - Detroit Vineyards 02:34 First thing to consider when purchasing a home 5:21 talking to lenders, mortgage brokers and your home buying team 6:26 the 2nd step: Consult with an agent 7:14 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 process 12:00 earnest money deposit 14:40 making an offer - the process 16:29 the inspection report 17:33 the appraisal  17:54 sold comparables (comps) 22:22 what if the home doesn’t appraise 24:07 appraisal guarantee 26:33 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 Online Instagram - instagram.com/valynciapage/ Facebook - facebook.com/valynciarealty/ Follow Justin Online Instagram - instagram.com/key2thecity Facebook - facebook.com/JustinR.Cain Follow Front Page Realty Instagram - instagram.com/frontpageproperties/ website - iselldetroit.com Filmed and recorded at Take Studios in Detroit instagram.com/takestudios.tv  Episode timestamps  00:35 Sponsor message 1:33market update (its a sellers market) 2:12 low interest rates - low inventory - bidding wars 2:56 north rosedale park home 40k over asking price 3:31 appraisal guarantee 4:17 low inventory during pandemic 04:54 buyersrelocating from smaller spaces to largert areas 7:00 advice to sellers 08:51 advice to sellers 9:49 flagstar lending program 11:05 low credit score conventional loans 12:08 fha appraisal (fha vs conventional) 15:37 most competitive areas in detroit 16:57 write to win 17:29 highest and best 18:10 covid-19 safety precautions 20:17 covid safety tips at showings 21:38 how did the shutdown affect your business? 24:21 Market updates about Detroit development projects 26:23 The Meijer Supermarket development on Jefferson Ave update 27:41 getting in Contact with Justin & Valynica 29:50 benefits of working with front page properties