M1 Realty Services

Real Estate Brokerage · Ferndale, Michigan

5:44 AM in Ferndale Directions

Here is what working with M1 Realty in Ferndale typically covers, from the first consultation to closing day. Services and terms vary, so confirm the details in your written agreement.

Buying a home

Buyer strategy session

Clarifies budget, loan pre-approval status and the representation agreement now required in Michigan.

Home tours and listing alerts

Setting up searches for Ferndale area listings and arranging showings as soon as homes go live.

Offer strategy and negotiation

Comparable sales, offer terms, contingencies and inspection negotiations.

Getting to the closing table

Coordinating with the lender, title or escrow office and the other agent so nothing slips.

Seller services

Pricing analysis (CMA)

A comparative market analysis based on recent sales near your Ferndale home.

Getting the home market-ready

Staging suggestions, small fixes and scheduling professional photos.

Listing exposure

Putting the home in front of local agents and online shoppers through the MLS and listing sites.

From showing to sold

Feedback after showings, multiple-offer handling and closing coordination.

How a typical transaction works

ConsultA first conversation about goals, budget and timing — and a written agreement that spells out services and compensation.
PrepareBuyers get pre-approved; sellers review a pricing analysis and prepare the home for photos.
Market & tourListings go live on the MLS; buyers tour homes and compare recent sales.
NegotiateOffers, counteroffers, inspection requests and appraisal issues are worked through.
CloseFinal walk-through and signing with the title or escrow company under Michigan rules.

Typical costs on a Ferndale home

Illustrative figures for a home at the local typical value of $250,525. Real numbers depend on your agreement, lender and title company.

Item	Rate	On $251K
Listing-side commission (negotiable)	2.5–3%	$6,263–$7,516
Buyer-side compensation (negotiable)	2–3%	$5,011–$7,516
Buyer closing costs (lender, title, escrow)	2–5%	$5,011–$12,526
Home inspection	flat	$350–$600

Every percentage above is negotiable and is set in the written agreement. Typical value from the Zillow Home Value Index (August 2026).

Areas around Ferndale

Royal Oak, MI2.1 mi · $331K Southfield, MI4.5 mi · $254K Beverly Hills, MI6.3 mi · $602K Warren, MI6.5 mi · $201K Birmingham, MI7.1 mi · $749K Detroit, MI10 mi · $77K Troy, MI10 mi · $459K Bloomfield Hills, MI10 mi · $677K

Questions about these services

How are real estate agents paid in Michigan?

Compensation is negotiable and set out in writing. Sellers sign a listing agreement; since August 2024 buyers sign a written buyer agreement before touring homes with an agent, stating what the agent will be paid and by whom.

Does M1 Realty work with both buyers and sellers?

Most agents and brokerages represent both, but not in the same transaction without written consent. Ask how M1 Realty handles dual agency or designated agency under Michigan law.

What should I prepare before the first meeting?

Buyers: a mortgage pre-approval, a target budget and a list of must-haves. Sellers: your mortgage payoff estimate, a list of upgrades with dates, and any HOA or survey documents.