Thursday, September 28, 2017

Open Houses, Price Reductions & Lease Purchases!

Open Houses for October 1, 2017

127 Ferris Ave, Chardon
Open 1-3pm
$179,900
4bd 2ba

707 West Main St, Geneva
Open 12-2pm
$139,900
5bd 2ba

5654 Reef Rd, Mentor-on-the-Lake
Open 12-2pm
$150,000 REDUCED!
3bd 1.5ba


Price Reductions

384 East 211 St, Euclid
$69,900 NEW PRICE!

19860 Ormiston Ave, Euclid
$58,500 NEW PRICE!


Properties Considering Lease Purchase Option

V/L Mason Rd Berlin Heights 
$200,000
Over 18 Acres of Residential Land!

6117 Saint Clair Ave Cleveland
$164,900
Commercial Brick Building with Multiple Income Streams!

V/L Galloway Rd Huron Township 
$400,000
Over 19 Acres of Residential Land!

V/L Columbus Ave Sandusky
$100,000
27.9 Acre Lot in a High Traffic Area!

V/L Beatty Ln Sandusky
$89,900
Private Wooded 5.71 Acre Residential Lot!

Today's New Listings!

518 East 305th St, Willowick

2801 Reeves Rd, Willoughby

7699 Hopkins Rd, Mentor

9126 Woodbury Ct, Mentor

7134 North Queensferry Pl, Painesville

 

Sunday, September 24, 2017

Steps to Take to Invest in Real Estate

Investing in real estate is a popular way of creating wealth. Some investors prefer to buy a property and hold on to it until its value appreciates. Others prefer to purchase a property, improve it and resell it for a profit in a short period of time. Regardless of the techniques, real estate investment has a number of benefits.

Choose Investment Type. It is important to decide what property type you would like to focus on such as single or multi-family homes, commercial properties or vacant land. You also need to decide whether you want to own property yourself or if you want to invest in a real estate investment trust (REIT). If you like the idea of investing in real estate but you do not want to have to deal with the actual properties, then a REIT would be a good option.

Consider Financing Options. When investing in real estate, many investors borrow funds from a traditional lender or pay cash for the properties. Other investors are more creative and use owner financing, private investors and hard money lenders.

Determine Cash Flow. It is important to calculate the return on investment before making an offer on a property. The value of an investment property is based upon the income the property currently produces or the potential profit a property could bring in.   

The important thing to keep in mind is that like all investments, real estate investment can give you potential returns, but you have to make careful choices and weigh you options based on your finances before plunging in. 

Thursday, September 21, 2017

Open Houses & Lease Purchases!

Open Houses for September 24, 2017

104 North St, Chardon
Open 12-2pm
$189,900
4bd 2ba

707 W Main St, Geneva 
Open 1-3pm
$139,900
5bd 2ba

9635 Ryan Dr, Mentor
Open 2-4pm
$74,900
2bd 1.5ba

5654 Reef Rd, Mentor-on-the-Lake
Open 12-2pm
$152,500
3bd 1.5ba

2911 Maine Ave, Perry
Open 12-2pm
$187,500
3bd 1.5ba

 
Properties Considering Lease Purchase Option

V/L Mason Rd Berlin Heights 
$200,000
Over 18 Acres of Residential Land!

6117 Saint Clair Ave Cleveland
$164,900
Commercial Brick Building with Multiple Income Streams!

V/L Galloway Rd Huron Township 
$400,000
Over 19 Acres of Residential Land!

V/L Columbus Ave Sandusky
$100,000
27.9 Acre Lot in a High Traffic Area!

V/L Beatty Ln Sandusky
$89,900
Private Wooded 5.71 Acre Residential Lot!

Today's New Listings!

2915 Emerald Lake Blvd, Willoughby Hills

6145 Cumberland Ct, Mentor

7100 Dogwood Ln, Mentor

2009 South Ashwood Ln, Painesville Township

4436 Lockwood Rd, Perry

 

Monday, September 18, 2017

Today's New Listings!

2405 Bunker Ln #D, Willoughby

38160 Highgate Bluff Ln, Willoughby

4261 Carl Ct, Willoughby

8815 Pheasant Ln, Kirtland

7188 Andover Dr, Mentor

8570 Mansion Blvd, Mentor

1589 Greenwich Ct, Painesville Township

 

 

How Can a Seller Make More Money?

You have decided to sell your home! There are quite a few things that you should consider if you want to sell your home for the highest price the current market can bear in the least amount of time.

Home Improvement Projects

Repairing and updating items in your home that are not working quite right or could benefit from looking more visually pleasing is worth the effort. One of the biggest bang for your buck is painting. A fresh coat of paint does wonders when listing a home and the cost is minimal compared to the return you will receive. Homes that feel well maintained sell for more money and in a quicker amount of time.  

Correct Pricing

This is without a doubt the most important task when listing a home. The price can always compensate the condition, location or market so it needs to reflect these items accordingly. Many sellers feel they should start their pricing higher and they can always lower it later or someone can always write a lower offer. The most efficient way to sell your home is to price it correctly in the first place. Buyers are in the market looking at many homes so they know right away when a home is overpriced as soon as they enter the home. The home is usually below the standards of the other homes they are looking at so they are not even interested in writing an offer. If the home was priced correctly the right buyers would see it and they would write an offer.

Seller’s Role

You should try to accommodate all showing requests on your home. The buyer may not reschedule to look at your home and may even buy a house the same day they were supposed to view your home. Having your home on the market is not easy. It means having your home show ready at all times and having to leave your home often. The only way to sell your home for the most money in the least amount of time is to show it to as many potential buyers as possible.

Get Professional Help

Realtors are your best source for pricing your home correctly, marketing it to the masses, showing the property, negotiating on your behalf and facilitating an on-time closing. The commission paid is well worth all of the knowledge, experience and real estate tools. Realtors often bring in a higher sales price than a for sale by owner listing as well so it is worth talking with a Realtor.

As you can see, there are many things to consider when listing your home for sale. Taking these things into consideration up front can help you sell your home quicker and for more money!

Thursday, September 14, 2017

Open Houses, Price Reductions & Lease Purchases!

Open Houses for September 17, 2017

104 North St, Chardon
Open 12-2pm
$189,900
4bd 2ba

127 Ferris Ave, Chardon
Open 1-3pm
$179,900
4bd 2ba

10925 Quail Hollow Dr, Concord
Open 2-4pm
$425,000
4bd 2.5ba

10536 Johnnycake Ridge Rd, Concord
Open 2:30-4:30pm
$125,000
3bd 1ba

5654 Reef Rd, Mentor-on-the-Lake
Open 12-2pm
$152,500
3bd 1.5ba

2911 Maine Ave, Perry
Open 12-2pm
$187,500
3bd 1.5ba


Price Reductions

1748 Dock Rd, Madison
$159,900 NEW PRICE!

1146 Westshore Dr, Saybrook
$87,500 NEW PRICE!


Properties Considering Lease Purchase Option

V/L Mason Rd Berlin Heights 
$200,000
Over 18 Acres of Residential Land!

6117 Saint Clair Ave Cleveland
$164,900
Commercial Brick Building with Multiple Income Streams!

V/L Galloway Rd Huron Township 
$400,000
Over 19 Acres of Residential Land!

V/L Columbus Ave Sandusky
$100,000
27.9 Acre Lot in a High Traffic Area!

V/L Beatty Ln Sandusky
$89,900
Private Wooded 5.71 Acre Residential Lot!

Today's New Listings!

1511 Mapledale Rd, Wicklife

38408 Dolores Dr, Eastlake

38555 Ninadell Ave, Willoughby

408 South State St, Painesville

191 Mountainside Dr, Painesville

1985 South Ashwood Ln, Painesville Township

 

Monday, September 11, 2017

What is a Buyer’s Market and its Advantages?

Whether you are a new home buyer or seasoned investor, you may have heard the term “buyer’s market”. This term is used to refer to a real estate market in which there are more units for sale than buyers. Home buyers can see big advantages in this type of market!

Higher Inventory
A buyer’s market involves a higher supply of housing units in comparison to the number of buyers at a given time. As such, the buyer will have a larger variety of units to consider for purchase in such a market. More choices is always a positive.

Lower Prices
Since the real estate market abides by the same laws of demand as other markets, a higher level of supply compared to demand means that prices will drop. Therefore home buyers will see lower asking prices in this type of market and may be able to negotiate even lower sales prices.

Favorable Terms
Since sellers know buyers have many options, they are usually more willing to concede to buyer’s terms such as close times, paying some of the buyer’s closing costs and even leaving chattel such as appliances or furniture.

Time to Decide
Since there are less buyers competing for the same units, a buyer can take their time when considering available options. This may allow time for repeat visits as well as inspections, financing, etc.

 

Real estate markets go in cycles so it will sometimes be a buyer’s market and other times it will be a seller’s market. When it is a buyer’s market, home buyers should understand that they have the upper hand in the market!

Today's New Listings!

SL 3 Holden Ct, Kirtland Hills

7515 Hollycroft Ln, Mentor

5841 Mallard Ct, Mentor

7165 Kory Ct, Concord

5792 Canyon Ridge Dr, Perry

 

Thursday, September 7, 2017

Open Houses, Price Reductions & Lease Purchases!

Open Houses for September 10, 2017

104 North St, Chardon
Open 2-4pm
$189,900
4bd 2ba

10925 Quail Hollow Dr, Concord
Open 2-4pm
$425,000
4bd 2.5ba

5654 Reef Rd, Mentor-on-the-Lake
Open 12-2pm
$152,500
3bd 1.5ba

127 Ferris Ave, Chardon
Open 1-3pm
$179,900
4bd 2ba

707 West Main St, Geneva
Open 12-2pm
$179,900
5bd 2.5ba


Price Reductions

5654 Reef Rd, Mentor-on-the-Lake
$152,500 NEW PRICE!

3410 Sylvanhurst Rd, Cleveland Heights
$79,900 NEW PRICE!


Properties Considering Lease Purchase Option

V/L Mason Rd Berlin Heights 
$200,000
Over 18 Acres of Residential Land!

6117 Saint Clair Ave Cleveland
$164,900
Commercial Brick Building with Multiple Income Streams!

V/L Galloway Rd Huron Township 
$400,000
Over 19 Acres of Residential Land!

V/L Columbus Ave Sandusky
$100,000
27.9 Acre Lot in a High Traffic Area!

V/L Beatty Ln Sandusky
$89,900
Private Wooded 5.71 Acre Residential Lot!

Today's New Listings!

1722 Lincoln Rd, Wickliffe

29316 White Rd, Willoughby Hills

9585 Lismore Ln, Mentor

1961 South Ashwood Ln, Painesville Township

1949 Spruce Ln, Painesville Township

 

Tuesday, September 5, 2017

Buying a Condo is Different Than Buying a House

Many buyers assume that choosing to purchase a condominium rather than a house is a decision based upon preference only but there are differences that should be considered.

Home Owners Association
All condominiums come with some type of home owners association. The HOA generally handles common areas such as landscaping, snow removal, exterior of the buildings and amenities such as a swimming pool or fitness center. Not only are there monthly fees required to pay for the maintenance and repair of the common areas but HOA’s normally have rules that need to be followed. Many condos will not allow fences or sheds to be installed and some have pet restrictions. When purchasing a condo, buyers will weigh the costs and restrictions of each HOA versus the benefits they offer. The HOA fees also affect the amount of loan a buyer will qualify for. Often a condo buyer cannot qualify for as much as a home buyer due to these extra fees calculated in their monthly obligations.

Amenities
Condominiums usually come with several perks such as landscaping and snow plowing handled professionally, exterior of the home taken care of and amenities such as a swimming pool or fitness center. While a good majority of potential buyers would love the perks and amenities that a condominium offers, they are not willing to make the trade for a smaller space without a yard of their own.

Renting Restrictions
Many first time home buyers purchase a condominium as a starter home thinking that they can rent it out in the future when they decide to upgrade to a large home. Many investors consider a condominium a good investment as well. It should be noted though that many condominiums restrict renting in their complex though so this should be verified prior to purchasing a condominium.

There are many benefits to purchasing a condominium but buyers need to be sure they are aware of all of the pros and cons of such a purchase. Let a real estate agent help you navigate the condo world!

Today's New Listings!

34645 Willow Creek Pl, Willoughby  - $399,000 1331 Bennett Rd, Madison - $329,900 7165 Hawthorne Dr, Mentor - $274,900 4423 Ashwood Ave...