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Toledo : Real Estate Advice

  • All151
  • Local Info10
  • Home Buying57
  • Home Selling9
  • Market Conditions2

Activity 126
Thu Dec 4, 2014
Karen Wisne answered:
Lynnl, it is very difficult to say why you haven't sold, when we are not in your local market. Price and condition of the home weigh heavily on getting an offer. Reducing the price alone doesn't tell us if it was way, way too high before and now is just way high? I know Toledo is very tough market now due to Detroit and Cleveland both being in severe recession.

It's good to get feedback. Maybe your Agent can try and go one step further and call these people back and find out if they bought at all or if they bought something else, what was the deciding factor. Most people will be happy to give honest feedback if you approach them in a friendly manner.

Good Luck!
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Fri May 14, 2010
Chad Boyers answered:
Lisa,

There are some tax incentives for you to look into. First, if you are a first time home buyer, you are eligible for a federal tax credit equal to 10% of the purchase price of the home (max. $8,000, some restrictions apply). There are tax credits for making energy efficient upgrades to homes, look at http://www.energytaxincentives.org/consumers/ for more info. I don't know that you'll be able to get any tax credits with regards to the historical nature of the home, but check http://www.preservationnation.org/issues/rehabilitation-tax-credits/ and http://www.nps.gov/hps/tps/tax/incentives/index.htm for more info. I hope that helps to start answering your questions! ... more
0 votes 2 answers Share Flag
Mon Mar 9, 2009
Karen Wisne answered:
Katie, a lot can change in 16 months time. A LOT. Especially with Toledo's proximity to Detroit and Cleveland.

Read the local papers every week ~ look for where the new development is going and where layoffs are occuring, pay attention to crime statistics, and talk to many Realtors on where they'd buy. Also keep your eye on the City and County webpages for tax properties, incentives, etc. The more YOU know, the better decision you'll make. You don't need to look seriously until a few months before you buy (although now is a good time to check your credit, and work with a good loan officer on making sure you'll be in the best position for financing).

Two years is not much time to gain any home appreciation. If you have to sell again, you'll have more costs and fees to pay, on top of the fees and costs you paid to buy (making it an expensive purchase). Would you consider some sort of sweat equity? Renovating a neglected home? You will pay less for the home to start with and potentially come out ahead after the two years.
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Fri Feb 20, 2009
Jerry Lorenz answered:
I am an agent in metro Cleveland and I have looked at comparison property in this area and Toledo marketing area. I am not 100% familiar with all areas of Toledo but I can say that houses are selling there just like everywhere else. What you would have to do is find similar property like yours in the same area and see what the last closing prices are; then determine if that selling price is in your acceptance range. What I have noticed is that the best property, for the price sells, and the rest sit. ... more
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Tue Feb 10, 2009
Alma Fesh answered:
Hi Alice,
Are you interested in purchasing this property?

Alma
0 votes 1 answer Share Flag
Thu Jan 1, 2009
Voices Member answered:
Peter, These may help if your question is about crime information in South Toledo...

http://www.spotcrime.com/oh/toledo ..
A good site with map, worth a look

http://www.toledopolice.com/
Toledo police depts with weekly crime reports.

http://www.bhgrealestate.com/Views/Look/Default.aspx
You can break the info into neighborhoods, crime statistics, housing trends ect.., school info, & other community info..

Hope it helps, Dunes
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Wed Dec 31, 2008
Susan Mettler answered:
Peter,
South Toledo's prices vary greatly depending on what part you are in. I was born and raised in the "Old South End". That area does have issues with vacant houses, schools that aren't appreciated, and many renters. My mother still lives there and wouldn't have it any other way. There are some great buys in parts of the "Old South End" and areas that are nicer than others. I myself live in South Toledo in an area near Maumee. It is a very desirable area and I love it. I hope this answers your question. If you have any other questions you can contact me directly through my website www.susanmettler.com Have a safe and happy new year! ... more
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Wed Dec 3, 2008
Jody Zink answered:
It is very realistic. I'm licensed in Ohio and Michigan and I am so happy to help! Lake Erie is about a half hour from Holland. I might suggest Oregon, Ohio, right along the lake. Good schools. Or even up I-75 and just over the border into Michigan in LaSalle or Erie. Ottawa Hills is a great area with reputable schools as well. With that, however, come much higher taxes than say in the city of Toledo. Ottawa Hills is a village that's sort of nestled in the heart West Toledo. Very established neighborhoods, gorgeous historical type homes. If you're looking for an older home or new construction---that could make a difference in the area you'd search as well.

Please feel free to call me on my cell or email me directly. I would love to help you and your family make the transition. You can also search my website. If you see a home that might look the part for you--we'll investigate!

Jody Zink CRS Realtor
Certified Residential Specialist
Loss Realty Group
419-215-8026 cell
www.JodyZink.com
Jody@JodyZink.com
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Wed Nov 12, 2008
Chris Hall answered:
There has been talk that something may pop up to replace the Ameridream type programs but as of yet nothing has surfaced. With the tax credit and FHA programs not to mention plenty of sellers ready to contribute towards closing costs, I would focus on saving some downpayment in the next few months and taking advantage of the best buyers market I have ever seen. It is likely this market will be with us for a while so start now in saving! ... more
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Sun Oct 12, 2008
Cindy Keil answered:
Sharonda,
It depends on the market area and is this home a foreclosure or Shortsale? FHA has their own set of guidelines and it varies depending on the market area. All lenders in general are being absolutely sure that the home is worth what is a buyer is paying for it, so we do not have the current situation happen again.
Also, how did your realtor and lender respond to your question?

Cindy Keil
Realtor, QSC
419-283-4516
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0 votes 3 answers Share Flag
Sun Oct 12, 2008
Kendall Gigax answered:
The best way is to contact a realtor. I, first, help my clients to get pre-approved (with a dependable mortgage lender) for the amount they want to spend. I then ask a lot of questions that will help me search out the available homes that match that criteria. I usually e-mail all of those homes to my client for review. The client and I decide which homes are worth visiting in person. There are good homes available in all price ranges, in Toledo. The tricky part is finding the one that is right for your client. It is also important to work closely with the lender to make sure that your client is aware of all the programs available to them. ... more
0 votes 5 answers Share Flag
Thu Feb 26, 2009
Jeannine Dyer answered:
Are you thinking about putting it up with an agent? I can certainly refer you to a gal that I know in the area who is fantastic. Email your name and info to: jeanninedyer@yahoo.com or call me and we can go from there. ... more
0 votes 4 answers Share Flag
Mon Aug 18, 2008
answered:
You mortgage company/loan officer can find it on Flagstar's website. Flagstar, as some other lenders as well, sometimes require you use one of thier approved appraisers.
0 votes 1 answer Share Flag
Tue Aug 19, 2008
Ryan J. Phillips answered:
There are multiple properties available, many of which will probably fit what you are looking for. Is there a certain price range you are looking for? The nice thing about our company is that we can find you a nice property and then manage it for you once you close. Check out our website for more info!

Ryan
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Thu Jul 31, 2008
Scott Godzyk answered:
Unfortanately it is not required to disclose this information. However if you ask that specific question, it must be disclosed. At least that is how it is in NH, different states may have different laws. Check with your states Real Estate commission on disclosure. ... more
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Mon Jun 23, 2008
Dee Nofziger answered:
I would be happy to to recommend a commercial real estate agent. Bill Conklin is with The Danberry Co., Realtors. He has been in the real estate business his entire life and has successfully brokered several companies, in addition to selling commercial real estate. His knowledge of the industry and connections therein are vast. I have left him a message to call me, but in the meantime please feel free to contact me directly by clicking my profile or going to my website. ... more
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Thu Jul 24, 2008
Dee Nofziger answered:
I always tell my buyers when making an offer that "the home you love today, may be someone else's tomorrow". In other words, if this is the home you want, then offer accordingly ... or be prepared for the unexpected. With that being said, FSBO properties attract very little attention, so it's not a huge concern that someone else might make an offer simultaneously with your offer. Above all else, though, if they refuse to allow you to be represented by a real estate agent, make sure you get your attorney involved. There are certain items and paperwork that simply MUST be done. Please insist on a home inspection by a qualified residential home inspector. Please ask them to provide the state of ohio required residential property disclosures, which will tell you what problems they may have had and what they did to fix such things as roofing, heating, waterlines, A/C, sewer, pest intrusion, etc. You have a right to protect yourself. This is a big investment for most consumers, so make sure to dot all your i's and cross all your t's. If you have any questions, give me a yell! ... more
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Sun May 11, 2008
Christina Cavins answered:
There is no set timeline for forclosures. It depends on how long the lender is willing to wait for payment. If you are approaching a foreclosure, you should consider a short sale. It is usually the best option to avoid foreclosure. Please contact me for more information.

Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
Christina.AsadEdwards@RealLiving.com
www.teamedwards.info
mobile or text 937-205-4741
office 937-573-0082
fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
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Thu Jan 31, 2013
Dee Nofziger answered:
Unfortunately, in a pre-foreclosure situation, the bank (lender) has all the power. Pretty much everything must be run by the bank. And possibly the most frustrating of all, is the fact that most banks simply don't have the staff to give answers in a timely manner. I heard recently that one national lender has 3000 applications a month coming in for short sale requests ... with a staff of ONE to handle them all. I try to educate all of my buyers as to the possible lengthy delays and quite often never-occuring closings. It can be quite frustrating, as you've found out. I commend you for sticking it out for 7 long months! Most buyers would have moved on to another property. With the price of home inspections, appraisals, etc., you already have invested money in this property, so that makes it even more frustrating for you. There's not much advice I can give you except to make sure to work with a good buyers agent and a reputable lender, who'll both help you through the process, aggravating as it is.

If by chance you actually get to a closing, make sure you have your agent and/or title company check for water/sewer liens, as I have heard of buyers recently who'd gotten stuck with HUGE water/sewer bills from the previous owner. Often times banks will not pay these, so be careful to check. Your agent will know how to find out for you. Good luck with your home search. If you have any questions, please feel free to email me.
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Sat Apr 20, 2013
Tom Mc Murray answered:
In Florida there are some fist time buyer programs such as SHIPP which is a state supported program and help many first time buyers. You can contact the housing depatment of Citrus County to get additional details. ... more
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