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Market Conditions in Toledo : Real Estate Advice

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  • Local Info10
  • Home Buying56
  • Home Selling9
  • Market Conditions2

Activity 2
Sun Dec 16, 2012
Chad Boyers answered:
The owner is listed as West Central Homes, LLC. It is likely an investment property. I don't have any further information than that.
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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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