Hi, I noticed you were trying to ask a question and haven't gotten response. The post appears to be incomplete. You may want to add to your post if you're still looking for a response. Best wishes otherwise, Kimberly Lawson. Mortgage Loan Originator (Ohio only). Contact and licensing information can be found on my profile.... more
RIS Media, RE/MAX Real Estate (on line and magazine), WSJ, Cleveland Newspapers, CNN, CNN Money, most online sites, i.e., Yahoo, Aol, etc. Anything I can get my hands on at any given moment...I am an avid reader and follower of ALL things Real Estate. And, I pass the information around to my colleagues, etc.... more
Given the state of the economy, it's natural for people to have a negative outlook on the real estate market. Many experts do believe that we haven't seen the end of the downturn yet, but if you're in a position to sell your property, I certainly hope this agent explained the benefits you will reap on the "buy" side when you purchase.
Right now, supply outweighs demand and with so many jobs being eliminated, downsized and lost on a daily basis, it's easy to see the glass as half empty. That being said, it's important to see the market for what it is; to understand it in your area and to accept what the market says your home is currently valued at.
Every market in the Cleveland metro area is different and in your area, if houses are selling and if you're willing to sell your home in the price range that is comparable to recent sales of homes similar to your own, then by all means sell! You will find yourself in a position to possibly purchase more home at a very reasonable price when you buy. I see this as a positive thing!
At some point, the market will start to creep back up. No one knows for sure when that will happen, but when you buy and the market levels off, you may just find yourself pleasantly surprised to see the value of your new home is worth more than you had anticipated.
On another note, if that's the one thing you remember most about the agent you interviewed; perhaps you should consider hiring another agent. I'm thinking they didn't make a positive impression on you, which may be reflected in your home selling experience.... more
Not completely sure of your question, whether it's for this house or the Parma area. Feel free to give us a call so we can discuss this home and answer all of your questions. We're always available and glad to help!
Cecilia Sherrard & Andrew Ginter
RE/MAX NE Ohio
In addition to the tax value of a home, the property tax amount will depend on the location of the home, and if there are any additional tax assessments on the property.
Do you have a specific home in mind?
Please give me a call to discuss...
I can't comment on your local conditions, which is obviously one major variable. You'd need a local Realtor to advise you on current conditions and possible changes in the future.
But a lot of the decision goes beyond that variable. For example, how eager are you to sell? If you're really, really eager, then (despite market conditions) this might be a good time to sell. On the other hand, if you're not highly motivated--if you're just "testing the waters"--then the odds are far less likely that now is a good time.
External factors are important. Interest rates are very, very low right now. That's an argument in favor of considering selling. They're not likely to go much lower and they'll probably go up slightly in the next year or so. But even a year from now, or two years, they're still likely to be quite good.
As for time of year (January/February versus July/August, for instance), that depends on your local market. In some markets, early spring is when the "season" begins. In other cases, it's June (after kids get out of school, allowing people to move and get their kids into a new school at the beginning of the school year). In many areas, though, it's one or the other--though houses certainly sell in the fall and winter, that's usually not the most active time of the season. A good local Realtor can tell you what the pattern is in your area.
There's also the question of the condition of your home. Buyers generally are looking for homes in really good condition. So if your home needs some maintenance and repairs, it'd probably be a better idea not to sell (or put your home on the market) until you've done those repairs.
All of those are factors to consider, and explain why the answer to your question could be either "yes" or "no."
Hope that helps.... more
According to our local MLS, the current average DOM in the 44124 zip code is 141 days. That zip code encompasses a few cities. Let me know if you would like that narrowed down to a specific city and/or price range.
Best of luck!... more
The average days on market for homes sold in the 44124 zipcode over the past 6 months has been 122 days.
To give a more accurate figure for a particular home, additional information would be helpful. Information like price range, more specific location of the home, home details, etc. This would allow me to give a more accurate "days on market" for homes most similar to yours.... more
I'm sorry to report no. If there were a way to project value we would all be rich!!! Nobody knows what a market will or won't do. It's nearly impossible to forecast two years from now.... much less 15.
All the best!
All Commission Fees for Commercial property are negotiable and depend on a variety of factors. I would suggest that you contact several Commercial Real Estate agents in the local area and have them consult with you regarding your property(ies).... more
I will send you a detailed report on what has rented in the last 6 months through the MLS so you can get an idea. This is a popular area, and there are many homes at great prices. The taxes, however, are a bit higher than other communities, so you will need to build that into your rent.
email me directly at :
I will send you sponsored (by me) Listingbook account so you can search the MLS just like a realtor with no restrictions. I will also send you the MLS report.
Thanks, Doris & Michael Wright
I think it will depend on your local market, however, I can tell you that here in New Jersey the market IS coming back. It's still something we have to look at on a town by town basis, but in many communities, especially the more 'up scale' communities, prices have stabilized and both the number of sales and the average sale price have gone up. Number of sales has increased fairly significantly and average sale price slightly. Historically, where the more affluent communities lead, the others follow.
We are not expecting a surge, but a slow and steady return to a more normal market is anticipated.... more
I'm a realtor in Orlando. I don't know the answer to your question, but can put you in touch with someone who can. I have a large network of realtors at my finger tips.
If you don't hear back from anyone, just drop me a line and I'll be sure to have someone in Cleveland get back to you.
Watson Realty Corp