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Market Conditions in Cleveland : Real Estate Advice

  • All521
  • Local Info37
  • Home Buying216
  • Home Selling39
  • Market Conditions22

Activity 42
Sat Apr 11, 2015
rdt7575 answered:
My aunt's home just sold for $68,000 in Cuyahoga Falls. On one of the realtor websites, it lists the house as being sold for $68,000, but minus 13.4%. What is this 13.4%? Realtor commission? Or another fee attached by the First Merit bank as part of their estate management program? Any advice is appreciated! ... more
0 votes 6 answers Share Flag
Sun Feb 22, 2015
LaTonia Hope answered:
It depends on where the house is and how it is assessed. You should go to the county website to see what the current owner is paying.
0 votes 4 answers Share Flag
Mon Aug 18, 2014
Genita Smith answered:
Hi,

What side of town, zip code etc? What are you looking for? What is your price range?
0 votes 1 answer Share Flag
Sun Aug 17, 2014
Genita Smith answered:
Hi Dan,

I can definitely understand where you are coming from, there are so many homeowners in the same situation as you and feel stuck with a home that no longer has the same value. Yes, the market is getting better and there is definitely hope however it would be hard to tell if it will continue to get better or worse at this point. There is still a lot of distressed properties in the area and that is something that takes time to even out. The good thing right now is that people are buying, and south Euclid is HOT right now. I would suggest either paying for a professional appraisal or have a realtor come out and do a full assessment of your home and go over your options. Your home may be worth more than you think as there are a lot of things to consider when determining value. If the value is still underwater, you may save more money in the long run with a short sale and/or died in lieu, depending on your situation. I would also recommend speaking with your account or tax professional as well, there are some options to help with the tax liability of that option,again depending on your situation. Renting the property out is smart and at least the home is paying for itself ( I hope) however waiting on the market to get better will keep you hanging for some time as there is no real stern answer to that question. If you have any other questions, please feel free to email me directly at genitasmith@kw.com. Thanks and Good luck! ... more
1 vote 1 answer Share Flag
Fri May 30, 2014
Annalisa Winberg asked:
Mon Mar 10, 2014
lorettaking197 asked:
This question was asked from http://www.trulia.com/property/20747349-12815-Benwood-Ave-Cleveland-OH-44105
0 votes 0 Answers Share Flag
Sat Mar 8, 2014
Christina Soto answered:
can you update your information for today's market in parma? or is it the same market peaks every year?
0 votes 3 answers Share Flag
Thu Jan 23, 2014
Kimberly Lawson answered:
If you're paying cash, your costs can be minimal (title fees only). If you're going to "try" to find financing on the property you provided the link for ($14,000) -- it will be difficult to impossible (unless you can find a retail bank who is offering a fixed or variable equity line of credit). That's unless too you're interested in an FHA 203k loan (borrow purchase price + rehab costs to 96.5%). Even then, depending on the after repair value of the home and the amount of repairs you'd want to put into it, it may not reach at minimum $50-$60k (even then loans are tight thanks to the new Dodd-Frank rules which limit the costs on a loan..). If I can help answer any add'l questions, I'd be happy to help. Best wishes otherwise, Kimberly Lawson, Licensed Mortgage Loan Originator - Ohio only. Contact and licensing information can be found on my profile. ... more
0 votes 3 answers Share Flag
Fri Jan 10, 2014
Kimberly Lawson answered:
Hi Nancy, You'd want to check with the local zoning commission. Mobile homes so long as they are put on a permanent foundation are considered real estate. This lot you ask about is zoned residential. You'd still want to check and make sure before committing to purchase it (mobile home). If you're looking for a lender to help with the purchase of the manufactured home with a one-time-close option, let me know, I'd be happy to help. Best wishes otherwise, Kimberly Lawson, Licensed Mortgage Loan Originator. Contact and licensing information can be found on my profile. ... more
0 votes 1 answer Share Flag
Thu Nov 14, 2013
Kimberly Lawson answered:
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
0 votes 1 answer Share Flag
Wed Oct 2, 2013
Cecilia Sherrard answered:
For the real estate market in Cleveland, I typically keep tabs on the MLS daily. Being out in the field and seeing the activity along with new homes for sale/sold keeps me the most up-to-date on what's happening and trends. Cleveland.com is a great source for local, Cleveland real estate news and of course anything new that's going on with financing with the local lenders I work with.

Ultimately, the best way to keep tabs on the Cleveland market is to work in the Cleveland real estate market daily.


Cecilia Sherrard
RE/MAX NE Ohio
216-323-4620
http://www.YouShouldOwn.com
... more
1 vote 2 answers Share Flag
Sat Jul 6, 2013
S.ann1948 answered:
I grew up in Euclid, Ohio in the 60's. It was a beautiful city back then. At that time Beverly HIlls was a prestigious neighborhood and still is quite nice. I left Euclid many many years ago. ... more
0 votes 2 answers Share Flag
Sun Jun 23, 2013
Martin Handfinger answered:
I have several multifamily 4+ bedroom properties.
Please contact me asap to discu216)ss.

(216) 373-2717
MHCHR@AOL.COM
0 votes 2 answers Share Flag
Thu Jun 20, 2013
Daniela Maragos answered:
Hi Lisa,

Don't be nervous, buying and selling can seem stressful. Although working with a realtor you are comfortable with is the first step. Make sure the realtor you choose makes the efforts to conduct open houses for you along with Brokers opens. It's a fantastic market.. Showcasing and properly marketing your property is key. On a purchase.. you will be amazed on what you will gain, plus interest rates are at a record low.

If there is anything I can do to help, Please call me
Daniela- Keller Williams
440-292-5656
or email me luxuryspecialist@kwrealty.com

www.luxuryspecialist.kwrealty.com
... more
0 votes 12 answers Share Flag
Tue Mar 12, 2013
Cecilia Sherrard answered:
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
440-781-8737
RE/MAX NE Ohio
http://www.YouShouldOwn.com
... more
0 votes 1 answer Share Flag
Mon Nov 19, 2012
Martin Handfinger answered:
Lising shows as PENDING/EXPIRED. This usually means that the offer is "in the works" and probably will close.

Please contact me for similar properties that are currently active.
0 votes 1 answer Share Flag
Wed Oct 3, 2012
Schalanda Wheeler asked:
This question was asked from http://www.trulia.com/homes/Ohio/East_Cleveland/sold/1563737-1276-Melbourne-Rd-East-Cleveland-OH-44112
0 votes 0 Answers Share Flag
Sun Sep 9, 2012
Tim Cunningham answered:
Catherine

Contact me at your convenience for a free no obligation CMA
0 votes 1 answer Share Flag
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