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Market Conditions in Ohio : Real Estate Advice

  • All354
  • Local Info13
  • Home Buying206
  • Home Selling39
  • Market Conditions1

Activity 257
Tue Dec 14, 2010
Christopher Lefebvre answered:
I'm not an economist, but I heard that housing starts are a good leading indicator for the real estate market.

You can chart housing starts on this website:

http://zimor.com/chart/Housing_Starts

Housing starts seem to have stabilized for now. Low interest rates should help as well, but I think that a broader recovery is really tied with unemployment rates and unemployment rates are related to the broader economy. If the government raises income and property taxes, that certainly won't help.

I could be wrong, but that is my 2 cents.
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Tue Oct 19, 2010
James Gordon ABR SFR SRS answered:
Tim I believe thatyou are talking about the benefits of buying versus renting list that the Cincinnati Board of Realtors® put out. Buying works great for most people but there are exceptions depending on your goals and timelines. I can not attach the sheet for you you as it is a PDF and will not copy over here. ... more
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Thu Jun 5, 2014
David M. Childress answered:
Hi David. Here is a sample of Active Stow Ohio homes.

Active: 47 Pending: 0 Sold: 0 Other: 0 Total: 47
Bedrooms Bathrooms Square Feet List Price Selling Price DOM/CDOM
Minimum 2 1.00 1,014 $128,500 0/0
Average 3 2.23 1,565 $152,009 $0 121/152
Median 3 2.00 1,608 $149,900 $0 86/106
Maximum 4 4.00 2,388 $175,000 $0 482/779
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Tue Mar 23, 2010
Amy & Dan Schuman answered:
Hi Marilyn,

As agents who know Beachwood real estate very well, we would be happy to provide you with specific statistics such as average days on market and anything else that you would find to be helpful.

Amy and Dan Schuman
www.schumanteam.com
216-346-3235
danschuman@kw.com
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Fri Mar 12, 2010
Bonnie Kuehn asked:
0 votes 0 Answers Share Flag
Wed Jul 7, 2010
Christopher P. Bunnell, P.A. answered:
Kurt:

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.

Thanks,

Chris Bunnell
Watson Realty Corp
chrisbunnell@watsonrealtycorp.com
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Fri Sep 10, 2010
Ken And Kim Erickson answered:
Most cases you'll find that values are primarily driven by available financing to the buyers. When SB 185 passed all the exotic loans went away and with them went the overly large pool of buyers. In a more simple answer pricing is driven by supply and demand. The buyers drive the demand. In our current market the demand has fallen and the supply has actually gone up due to bank owned and the economy. This causes the prices to decline. ... more
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Wed Feb 17, 2010
Sean Carpenter answered:
Allen,

It's a great question that many homeowners ask themselves. A few questions back to you are these:

* Would the addition be made strictly for resale value or would you and your family be enjoying the benefits of it over a period of time?

Sort of like the old saying that "when you buy a new car, as soon as you drive it off the lot, it diminishes in value," that would most likely apply here. There is really no upgrade or enhancement that will hold 100% of it's cost so erase that thought from your head immediately. (see web link below for a cost vs. value discussion)

* What do the neighboring homes offer? If they all have an addition offering the same amenities (bath, rec room, quality of upgrades, etc.) then any future buyer would be expecting those features and would not be willing to pay much more than that of similar homes.

* Finally, whether it is next week, next year or ten years from now, you'll need to answer this question - "If you knew you were going to sell, would you still have made those addition?" That one usually gets to the answer that will help you.

Remember, the next potential owner of your home might not like your additions or changes so they'll move on to the next available home or offer you less than your asking price or they might love your home the way it is today and look to make their own additions after they take ownership.

My advice for you would be to make the decisions that best suit you and your families needs and budgets today. Worry about tomorrow when it comes.

Good luck with what ever you decide.
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Mon Feb 15, 2010
Anna M Brocco answered:
Opinions are subjective--If you are not familiar with the area it's time to visit--visit neighborhoods more than once and at different times of day; look at everything that is of importance to you, chat with locals, check out shops, dine at a local eatery, etc., then make a determination, will your comfort level be reached. ... more
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Tue Mar 13, 2012
Dawn M Arheit answered:
I would be happy to assist you in this process but to get an accurate price and to assist you to the fullest I would feel more comfortable answering this question after knowing the property address and if at all possible getting to see the inside of this property. I am the Broker of Busy B Realty and we do have 2 agents that work and Live in the Ada area. If you would like a free market analysis please contact me. ... more
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Wed Feb 17, 2010
Brittany Simonelli answered:
Davide:

You can read about Dublin and many other communities in Central Ohio on my site-

In Dublin you can find a condo in the low 100's and single family homes up to $1,000,000.

http://brittanysimonelli.revealty.com/Neighborhoods.cfm?CFID=7161048&CFTOKEN=93100907
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Sun Jan 3, 2010
Catherine "Cathy" Chaudemanche answered:
Hi Sherry,

Is this meant to be a question? Which listing are you referring to?

Thank you for clarifying.
0 votes 5 answers Share Flag
Tue Jul 6, 2010
Sheila Bell, ABR,CRS,e-PRO,GRI,AHWD,SRS answered:
First, may I thank you for contacting me. I would like to assist you in whatever way possible.

Guess I have couple of questions before I can give a cogent response. Can you "define" what you consider "highest" demand? And do you have any areas in mind/preferred? Is price an issue; are you familiar with the requirements for financing investment property or would you be paying cash?

Shall we arrange for a contact? If so, do let me know your preference.

Happy New Year!
Sheila Bell
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0 votes 6 answers Share Flag
Mon Mar 15, 2010
Sheila Bell, ABR,CRS,e-PRO,GRI,AHWD,SRS answered:
If you can define a bit more specifically what you ocnsider "popular", I'll be better able to direct you. Fortunately there are many nice areas here in your price range. Do you want to be close to work, do you wish to be nearer to "after-work" activities, in the city or further out? So many questions, so many answers. I look forward to hearing back from you. Please feel free to contact me:
Sheila@SheilaBell.com
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Fri Dec 11, 2009
Ryan Conway answered:
Now is actually a great time to buy a home! It's especially great for the first-timer that can claim the $8,000 Tax Credit, get FHA financing for 3.5% down, and are even some down payment assistance programs available too! Not to mention the fact that it is a Buyer's market, with tons of great deals on short sales and foreclosures.

Now, if you want to be more specific about NOW (as in before the end of the year), I would say that it's better than it will be. Once the holiday season is behind us, I suspect we'll see more buyers enter the market and try to grab the tax credit before the April 30th deadline (close by July 1st). You could still get a jump on things by looking now and snag a great deal before those other buyers even join the market!

If you're interested, please feel free to send me an email with what you're looking for and I'll help you find some homes real soon! Email me at ryan@yhsrealtygroup.com
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Wed Nov 11, 2009
Colin Cox answered:
Thu Oct 22, 2009
Jodi Beekman answered:
The Federal Tax Credit, established by the American Reinvestment and Recovery Act is valid for homes that are closed prior to December 1st (closed by November 30th). There are many legislators vying for an extension, or expansion of the credit. However, nobody knows if the credit will be extended, and if so, under what terms. The bottom line is the bird in a hand theory- you know you can get the credit now, and do not know if it will be available in the future. Though time is limited, you can still get into contract this week, and reasonably be able to close in time for the credit. ... more
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Sun Oct 11, 2009
Mark Ryan-Mark Ryan Group answered:
Trishy,

I can not talk specifically for your market but in our area it is great... IF you do it then you need to make it a full time job... It is really not something you can do "part time" you need to be available when you clients need you... and when other agents need to call about property of purchase offers, etc...

I run a real estate team and think this is a great way for a new person to break into the business. It has some great benefits... you don't have the overhead and/or risk that the team leader takes on, have a steady stream of leads... No, you don't get as large of a split but should make more than you would on your own...

As for classes... doubt truly that the classes you talk will do much good... you really learn once you get "into it..." and/or the various certifications etc... CRS is the best overall in my opinion, the ABR is great if you plan on working with buyers...

Hope this helps. Feel free to contact me directly if you have any follow up questions.

Mark
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Sat Sep 12, 2009
Don Bush Team answered:
Greatly Affected; from Rubble to Desired area. Price per squre foot-should have needs more specific
0 votes 1 answer Share Flag
Wed Jul 14, 2010
Nellie Schweer answered:
Develop a working relationship with an agent who can email properties and statistics from the mls is really the only way to access what is happeing in the Cincinnati market as well as in a specific zip code.
Nellie Schweer
Coldwell banker West Shell
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