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Rocky River : Real Estate Advice

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Activity 11
Mon Mar 25, 2013
Debby Tobias asked:
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This question was asked from this property: http://www.trulia.com/property/1089982063-18501-Hilliard-Blvd-415-Rocky-River-OH-44116
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Sun Mar 10, 2013
Tim VanNewhouse answered:
Indeed, the Beachcliff areas offer the best of Rocky River. They are very near All the local boutiques, pubs and shops. Also, the closest to the beach. Another area to consider is the library area. It's very friendly for families. If you would like to take a tour of the neighborhood I can arrange a day for us to see it.

Tim VanNewhouse
Realtor
Howard Hanna, Rocky River
... more
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Mon Feb 18, 2013
James Gordon ABR SFR SRS answered:
This home is not listed for sale or lease. This is a realty trac ad to get to subscribe to legal notices in your area. If you want to lease a house contact a local Realtor® or check the local papers and craigslist. ... more
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Mon Jan 14, 2013
Scott Godzyk answered:
Yes that is what it means, cash only is usually used when a home needs too much work for a buyer to be able to get a mortgage on it.
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Mon Sep 17, 2012
Alison Hillman answered:
Hey Vinny-

You may want to ask this question in the Agent-to-Agent category so that experts can weigh in and help you!

Good luck,
Ali, Community Manager
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Tue Aug 8, 2017
Joe Rath answered:
Only if you rent on a month to month basis or maybe even look into sub-leasing after you leave. It will all come down to the language in the lease, don't tie yourself up!
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Wed Apr 18, 2012
Catherine Miller answered:
It depends on the recent sales or comparables. The County is getting ready to re-assess the property values this summer (required to do so by the State every three years). Every homeowner can argue tax value every year from January - the end of March if they feel that their property has been assessed for taxes incorrectly. You can have a Realtor run some comparables for you to see if you were to list your property today, would you be able to get the tax assessed value. You can also order an appraisal to check the value as well. ... more
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Wed Feb 9, 2011
Karen Geteian answered:
This property is currently listed at 19,900.00
The annual taxes are $1207.00
The monthly maintenance fee is $289.00 which includes Air Conditioning, Exterior Building, Gas, Heat, Property Management, Sewer and Water.
Property taxes can be adjusted with the County based on recent purchase price.
... more
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Mon Oct 25, 2010
Don Tepper answered:
Some of the answer depends on your particular locations and the practices/conditions there. So a local Realtor really is your best source. However, in general:

Answering your second question first, no, it's usually not a plus to have the unit furnished. Most renters have their own furniture. Generally, the only time it makes sense to offer a place furnished is for a short-term rental, particularly a corporate rental. But if you're thinking of a lease of a year or so, it's generally to your advantage to lease the property without furniture.

You say: How to market it. Do you mean: Once you buy it, how do you rent it out? If so, there are two basic routes to go. One is do-it-yourself, advertising on Craigslist, your local newspapers, fliers in supermarkets, that sort of thing. I did that for years with a rental I have. Many, many people choose that route.

The other option is to list it with a Realtor and have it listed on the MLS. My sense is that fewer properties are rented this way, and--again--you'll find a lot of variation by location. Still, I decided to do that with a property I have and it's worked out well. The quality of renter (far less likely to be flakey) is much better. There is a cost--around where I live it's the equivalent of one month's rent (but commissions are fully negotiable). That's the way I handle it now. And even though I'm a Realtor, I use one who specializes in rentals.

What you really have to make sure of is that rentals in your area will cover the costs of ownership. Again, that'll vary greatly based on location. From what I understand, though, you may well be in an area where financially it makes sense. But that means you have to know the prices that condos are going for, as well as what rentals for the condos would be. A Realtor is your best source. But a neat online service for rentals that I've found fairly accurate is http://www.rentometer.com.

Hope that helps.
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Thu Jul 16, 2009
Joel Youngs answered:
It depends on the bank. Call the bank and ask for the REO department,and a person in management. They can tell you. Some banks just want it gone,smaller banks will talk too you ... check these guys for help http://www.youtube.com/watch?v=N0qOSDwejVY ... more
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Wed Jul 22, 2009
AL BRENT answered:
If you're not a Steelers fan, I'll be glad to help. (Just kidding;-) )

You don't say what your budget is. So it's difficult to provide a good answer. Without my knowing more about your situation and/or budget I would advise NEGOTIATING with one of the extended stay hotels nearby. There's one in Westlake OH (5 min. from Rocky River) and one in North Olmsted (10 min. away).

If you write back and provide more info, I will respond. Maybe I can even help with your Cranberry home too. I am familiar with the area.
... more
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