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3 Costly Home Buyer Mistakes + Homes Coming to Market & More!

3 Costly Home Buyer Mistakes + Homes Coming to Market & More!

Michael Perna
March 06, 2025

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These Common Mistakes Could Cost You THOUSANDS...

Buying a home is one of the most significant financial decisions most people will ever make. It’s exciting, stressful, and, if not done right, it can cost buyers thousands of dollars in mistakes. With years of experience in Metro Detroit real estate and helping thousands of home buyers navigate the market, common patterns emerge—patterns that separate successful buyers from those who face unnecessary hurdles. Unfortunately, many buyers are still making the same critical mistakes that lead to lost opportunities, higher costs, and increased stress. If you're planning to buy a home within the next year, understanding these mistakes can save you time, money, and headaches. Here are the top three massive mistakes home buyers are STILL making and how to avoid them.

Hudson’s Detroit: A $1.4B Skyscraper Development

For generations of Detroiters, Hudson’s wasn’t just a department store—it was a way of life. The towering retail giant stood as a beacon of commerce and community, where families shopped for holiday gifts, met for lunch, and gathered under the iconic clock on Woodward Avenue. At its peak, J.L. Hudson's Department Store was the second-largest department store in the world, covering a staggering 2.2 million square feet across 32 floors. However, as shopping trends changed and downtown Detroit struggled with economic shifts, Hudson’s closed its doors in 1983, and the building was demolished in 1998. For decades, its empty site stood as a reminder of Detroit’s past. But now, thanks to Dan Gilbert’s Bedrock LLC, the Hudson’s name is making a grand return with a $1.4 billion redevelopment project poised to redefine the city skyline.

Appeal Property Tax & Get Free Legal Help

For many homeowners in Detroit, property taxes represent a significant annual expense. However, what some may not realize is that their property tax assessment—the valuation assigned by the city—may be incorrect. If a home is over-assessed, the owner could be paying hundreds or even thousands of dollars more in property taxes than they should be. Fortunately, Detroit residents have the right to challenge these assessments and, in some cases, reduce their tax burden. Recognizing that this process can be confusing and time-consuming, the University of Detroit Mercy School of Law’s Housing Law Clinic, in partnership with the Coalition for Property Tax Justice, is providing free legal assistance to eligible homeowners who wish to appeal their assessments. This initiative is crucial, particularly for low-income residents who may not have the resources to navigate Detroit’s complex tax appeal system.

Daily News for Curious Minds

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Quote of the Week

"Don’t let the fear of losing be greater than the excitement of winning."

- Robert Kiyosaki

Metro Detroit Weekend Events

The March Pop-Up at Raven Oaks Farm in Washington offers a cozy community market experience this Friday from 9 a.m. to noon. Visitors can shop a carefully curated selection of pantry staples, beauty products, home decor, fresh eggs, and sourdough bread from @goodgroundsorganiccafe. Market Day Coffee will also be serving a special menu crafted just for the event. This charming pop-up is a perfect way to support local vendors and enjoy a welcoming market atmosphere.

The Royal Oak St. Practice Bar Crawl returns on March 8, 2025, offering an early start to the St. Patrick’s Day celebrations in downtown Royal Oak. This lively event features exclusive drink specials, Irish-themed cocktails, karaoke, and fun games, all set against a backdrop of live music and festive energy. Participants can enjoy face painting, festive swag, and a high-spirited atmosphere while hopping between participating bars. Admission is $30 per person and includes a wristband for entry, plus drink specials ranging from $3 to $5. It’s the perfect way to kick off the holiday season with friends, fun, and plenty of Irish cheer.

The Michigan Golf Show returns to the Suburban Collection Showplace from March 7-9, bringing together golf enthusiasts from across the Midwest. Since its debut in 1992, this annual expo has become a must-visit event, featuring exhibitors covering all aspects of the game, top vendors, and insights into golf travel destinations nationwide. Admission is $12 for adults, while kids 12 and under attend for free. Parking is available for $10.

Maplefest 2025 at MSU Tollgate Farm and Education Center in Novi invites visitors to celebrate Michigan’s sweetest winter tradition from March 8-9. Guests can experience the art of tapping sugar maples, tour a historic sugar shack, enjoy wagon rides, and sample fresh sap, syrup, and maple sugar. The event concludes with an all-you-can-eat pancake feast inside a charming 19th-century barn, making it a delicious and educational experience for all ages.

The Southfield Winter Fest is set to bring a final celebration of the season on March 9 at the Southfield Sports Arena. Attendees can enjoy classic winter activities, including ice skating, carriage rides, and marshmallow roasting, making it a perfect family-friendly event. Admission is $4 for residents and $5 for nonresidents. With spring around the corner, this is a great opportunity to embrace the last moments of winter fun.

Shamrock & Shenanigans in Ann Arbor on March 9 invites participants to run, walk, or jog in support of patients at the Michigan Congenital Heart Center at C.S. Mott Children’s Hospital. This festive 1K and 5K event benefits Save A Heart, a fund that helps families with travel, lodging, and medical expenses while also supporting clinical research. Whether joining the race or cheering from the sidelines, attendees can be part of a meaningful day of giving back.

If you're looking to buy or sell a home in Metro Detroit, The Perna Team can help you. We're fast, friendly and have served thousands of families in the Metro Detroit area with their real estate needs. Click below to start viewing what's available in Metro Detroit today, or reach out and find out what your home is worth on today's market!