Thursday, September 27, 2018

Open Houses and Price Reductions!

Open Houses for September 30, 2018 

11799 Fowlers Mill, Chardon 
Open 2-4pm
$200,000
3bd 2ba
Call 440-339-0603

7555 Hunting Lake Dr, Concord 
Open 12-3pm
$349,900 
3bd 3ba
Call 440-221-0075

7300 Hunter’s Trail, Concord 
Open 11am-1pm
$334,900 NEW PRICE!
3bd 3ba
Call 440-525-3331

6834 Chapel Rd, Madison 
Open 12-2pm
$379,900 
3bd 3ba
Call 440-813-5762

6744 Bayside Dr, Madison 
Open 12-2pm
$157,900 
3bd 2ba
Call 440-289-8213

2632 Stoneyridge Dr, Madison 
Open 2:30-4:30pm
$97,500
2bd 2ba
Call 440-289-8213

8240 Talbot Circle, Mentor 
Open 1-3pm
$425,000 
4bd 4ba
Call 440-537-6671

9475 Johnnycake Ridge Rd, Mentor 
Open 12-2pm
$379,900 
3bd 2ba
Call 440-279-8585

8053 N Chariot St, Mentor 
Open 11am-1pm
$294,900 NEW PRICE!
4bd 3ba
Call 440-251-0791

2150 Kimberly Ct, Wickliffe 
Open 2:30-4:30 pm
$379,900 
4bd 4ba
Call 440-339-3626

2965 Rockefeller, Willoughby Hills  
Open 12-2pm
$399,900 
4bd 3ba
Call 440-339-3626

29952 Phillips Ave, Wickliffe  
BY APPT
$129,900 
4bd 2ba
Call 440-296-5006

Price Reductions

21000 Milan Dr, Euclid 
$75,000 NEW PRICE!

Today's New Listings!

34690 Beachpark Ave, Eastlake

29302 White Rd, Willoughby Hills

10024 Hillcrest Rd, Kirtland

2908 Antioch Rd, Perry

3300 River Rd, Perry

6885 North Ridge Rd, Madison

Monday, September 24, 2018

Today's New Listings!

36313 Ridge Rd, Willoughby

37250 Rogers Rd, Willoughby Hills

5360 Highland Way, Mentor

7240 Sowul Dr, Concord

6736 Auburn Rd, Concord

The Best Home Improvement Projects

With the housing market rebounding, now is the time to invest in your most valuable asset. It is worth noting that certain renovation projects will bring a larger return on investment yet most projects will not provide a 100% return. This means that while you are adding equity to your property, you may not necessarily recoup all of the money spent renovating it. There are many reasons for this but it comes down to the fact that buyers are considering the whole package and not just one particular aspect. That being said, here are projects that are worth the investment. These figures are based upon a report by Remodeling Magazine and are based upon national averages. In certain regions, different remodels may be worth more or less but this is a good indicator overall.

Front Door
The Front door is the gateway to your home. Buyers typically make a decision within minutes of seeing a house and the entryway can have a huge effect on that decision. By upgrading your front door, you can have a whopping return of 96.6%. This is the most return of any updates available.

Deck Addition
With an 87.4% return, adding a wood deck is a great way to add value to your home. Many potential buyers are looking for spaces that can be used to entertain guests as well as outside spaces that they can enjoy. A deck accomplishes both of these desires.

Siding
Updating your siding can have up to an 87% return. Buyers typically want a house that does not have major issues and siding can be a significant problem if it needs replaced. In addition to the practical benefit, siding now comes in a variety of colors so it can add a bit of flair to your home.

Attic Bedroom
One of the best renovations you can do to your home is to add an extra bedroom. This is because it opens up your target market and widens the appeal. One of the most popular places to do this is in a walk-up attic since it is already a framed part of the home. It can have an 84.3% return.

Garage Door
This may seem like a trivial component but garages can have a significant impact on the appearance of a house. A new, inviting door can work wonders on improving the overall feel of your property. A new garage door can have an 83.7% return.

Kitchen
Minor kitchen remodels such as appliance upgrades, addition of extra lighting and adding storage can have an 82% return. If you decide to make major renovations, you can expect a 74.2% return.

Bathroom
Upgrading the bathroom is always a good idea. Buyers do not want a bathroom that is old, dirty or outdated. Like the kitchen, as long as you do not go overboard with the renovation, this can have a solid return on investment. Most bathroom remodels generate a 72.5% return. If you want to go even further and add a new bathroom, it will have a 60% return.

Conclusion
While this is not a list of every possible renovation you can perform, these are the ones that offer the best returns on investment. If you plan on selling your home in the near future, focusing on these projects can have a huge impact on how fast your home sells and for how much!

Thursday, September 20, 2018

Open Houses and Price Reductions!

Open Houses for September 23, 2018 

7555 Hunting Lake Dr, Concord 
Open 11am-2pm
$349,900 NEW PRICE!
3bd 3ba

7300 Hunter’s Trail, Concord 
Open 12-2pm
$339,900 
3bd 3ba

21000 Milan, Euclid 
Open 3:30-5:30pm
$75,000 NEW PRICE!
3bd 2ba

6834 Chapel Rd, Madison 
Open 12-2pm
$379,900 
3bd 3ba

9475 Johnnycake Ridge Rd, Mentor 
Open 1-4pm
$379,900 
3bd 2ba

6450 Mentor Park Blvd, Mentor 
Open 12-2pm
$174,900
3bd 3ba

8240 Talbot Circle, Mentor 
Open 1-3pm
$425,000 NEW PRICE!
4bd 4ba

2150 Kimberly Ct, Wickliffe 
Open 4-6pm
$379,900 
4bd 4ba

29952 Phillips Ave, Wickliffe  
Open 1:30-3:30pm
$129,900 
4bd 2ba

3135 Lost Nation, Willoughby  
Open 11am-1pm
$95,000 
2bd 2ba

2965 Rockefeller, Willoughby Hills  
Open 12-2pm
$399,900 
4bd 3ba

Price Reductions

2043 W Prospect Rd, Ashtabula 
$69,900 NEW PRICE!

4284 Buckeye Ave, Willoughby 
$975 NEW PRICE!

Today's New Listings!

75 Ranally Way, Willoughby

77 Ranally Way, Willoughby

38280 Brighton Path, Willoughby

8725 Applewood Ct, Mentor

13134 Carter Rd, Painesville

Monday, September 17, 2018

Can I Buy a New Home Prior to Selling My Existing Home?

Should I sell before I buy or should I buy before I sell? This is a common question from current homeowners who would like to move. Sellers are nervous to sell first and then not be able to find a new home that meets their needs. They are also nervous of finding the home of their dreams and purchasing it before they sell and then having two mortgage payments until their first home sells.  Let’s explore the advantages of buying a new home prior to selling your existing home.

Time to Move
One of the advantages of buying a new home prior to selling your existing home is that you will have plenty of time to get the new home ready to move into with updates such as painting and new flooring prior to actually having to move in. This is a nice option rather than having to do the updates while living in the home. Also, you will have time to pack your current residence and move into the new home and can even do it over time if you choose.

Move Only Once
By purchasing a new home first, you will avoid the need to possibly have to move twice. If you sold your home first but had no place to move, you might need to put your belongs into storage and move into temporary housing until you find your new home and close on it. You will likely incur rental charges both with a storage unit and housing. Purchasing a new home first will avoid the hassle of having to move twice.

Disadvantage
In spite of the good things this option offers, the biggest disadvantage of buying before selling is the possibility of paying two mortgages at the same time. This will be the case if you have already bought a new home but you are unable to find a buyer quickly for your existing home. If there is only a month or two overlap, that might be a better option than moving twice and incurring rental charges. If the timeframe is longer than two months, it may not be worth buying before selling.

Summary
You can buy a new home prior to selling your existing home. There are advantages and disadvantages to this option. There are also ways to minimize the risk of buying before selling. A competent real estate agent deals with this situation often and can provide options such as contracts with contingency clauses, rent back options, etc. Contact a Realtor today to help you buy a new home prior to selling your existing home!

Today's New Listings!

29276 Willow Ln, Willoughby Hills

10943 Rocky Ledge Ln, Concord

7862 Rockdove Ln, Concord

11390 Saddlewood Ln, Concord

7 Appaloosa Trl, Madison

Thursday, September 13, 2018

Open Houses!

Open Houses for September 16, 2018 

11799 Fowler’s Mill, Chardon 
Open 2:30-4:30pm
$200,000
3bd 2ba

11244 Alexa Dr, Concord 
Open 12-5pm
$309,900 
3bd 3ba

7300 Hunter’s Trail, Concord 
Open 1:30-3:30pm
$339,900 
3bd 3ba

6834 Chapel Rd , Madison 
Open 11am-1pm
$379,900 
3bd 3ba

9475 Johnnycake Ridge Rd, Mentor 
Open 12-2pm
$379,900 
3bd 2ba

2150 Kimberly Ct, Wickliffe 
Open 2:30-4:30pm
$379,900 
4bd 4ba

2965 Rockefeller, Willoughby Hills  
Open 2:30-5:00pm
$399,900 
4bd 3ba

Today's New Listings!

30628 Royalview Dr, Willowick

9745 Country Scene Ln #H-3, Mentor

6959 North Meadow Dr, Concord

11799 Girdled Rd, Concord

1456 Lake View Ave, Madison

Monday, September 10, 2018

Importance of a Final Walk Through on a Home Purchase

There are many steps to take during the home buying process but one of the most important that is often overlooked is the Final Walk Through.

The Final Walk Through is a quick review of the property just before closing to insure everything is in order. It is not a detailed inspection of the property. It is used to determine that there are no major damages to the property since the buyer agreed to purchase the home.

Ideal Time for a Final Walk Through.

The ideal time to perform a Final Walk Through of a property is after the seller has moved out of the home. This is the time to make sure everything that was agreed upon or expected to stay in the home with the sale has remained such as appliances, curtain rods, etc. Vacant properties should always have a Final Walk Through to make sure vandalism has not occurred prior to closing. If the purchase agreement allows for the seller to remain in the home until after title transfer, a buyer may still choose to do a Final Walk Through before closing although it is not as beneficial at this time.

Use a Checklist.

When it comes to conducting an effective Final Walk Through, it is important for the buyer and real estate agent to have a checklist of the items that were to remain with the property as well as any repairs the seller may have agreed to make. A copy of the contract can act as the checklist. Remember the main idea is to confirm that the state of the real estate is as set out in the contract.

Condition of the Property
The importance of a Final Walk Through is to ensure that the property is overall in the same condition as when the purchase agreement was signed. It is not a home inspection nor is it time to renegotiate or to ask for additional repairs unless significant damage has been done to the property. The Final Walk Through is an important step in the home buying process to help prevent surprises once the title transfers and the buyer receives their keys!

Today's New Listings!

3880 Arcadia Cir, Willoughby

28840 Chardon Rd, Willoughby Hills

12012 Easthill Way, Concord

7226 Callow Rd, Leroy

5200 Greenbriar Ln, Madison

6834 Chapel Rd, Madison

Thursday, September 6, 2018

Open Houses and Price Reductions!

Open Houses for September 9, 2018 

11799 Fowler’s Mill, Chardon 
Open 12-2pm
$200,000
3bd 2ba

6744 Bayside Dr, Madison 
Open 2:30-4:30pm
$157,900 
3bd 2ba

6834 Chapel Rd , Madison 
Open 12-2pm
$379,900 

2670 Greenbrook, Madison 
Open 12-2pm
$84,900 
3bd 2ba

3886 Deer Lake, Medina 
Open 2-4pm
$354,900 NEW PRICE!
5bd 4ba

8240 Talbot Circle, Mentor 
Open 12:30-4:30pm
$429,900 NEW PRICE!
4bd 4ba

95 East South St, Painesville 
Open 1-3pm
$129,900 
4bd 2ba

53 Jefferson, Painesville  
Open 2:30-4:30pm
$110,000 
3bd 2ba

2150 Kimberly Ct, Wickliffe 
Open 3-5pm
$379,900 
4bd 4ba

29952 Phillips Ave, Wickliffe  
Open 12:30-2pm
$129,900 
4bd 2ba

804 Deborah Dr, Willowick  
Open 3-6pm
$115,000 

9475 Johnnycake Ridge Rd, Mentor 
Open 2-3:30pm
$379,900 
3bd 2ba

2965 Rockefeller, Willoughby Hills  
Open 12-1:30pm
$399,900 
4bd 3ba

Price Reduction

6750 Bayside Dr, Madison 
$164,900 NEW PRICE!

Today's New Listings!

1918 Rush Rd, Wickliffe

38966 Gardenside Dr, Willoughby

2974 Steve Guard Ct, Willoughby

575 Trailwood Dr, Painesville

454 Walker Ln, Painesville

Monday, September 3, 2018

What is a Seller’s Market? What are the Advantages?

Seller’s market is a term used when the process of buying real estate favors mainly the seller. It is commonly characterized by the low inventory of housing which often allows sellers to raise their prices since buyers are competing against other home buyers in a low inventory market. Selling a home during a seller’s market offers several advantages.

Less Competition

When there is a low number of properties on the market, there is a greater chance that your property will sell. It is no longer a question “if” your property will sell but “when”. With a balanced inventory, there is no guarantee that a home will sell even if it is priced correctly and in good condition. With this same scenario, a seller’s market puts a lot of this fear to rest and sellers are counseled to begin planning their next course of action.

Quicker Sales

With a limited inventory and a high amount of buyers looking in a specific real estate market, your property will likely find a buyer quickly. Often homes will receive an offer within the first few days of listing in a seller’s market. This is because buyers have exhausted everything that is currently on the market and they are waiting for new inventory to appear. As soon as a new listing comes on the market, it will have several showings in the first few days and likely will receive an offer if it is priced reasonably well and is in decent condition.

Higher Prices

One of the biggest advantages that the seller’s market provides homeowners is the ability to sell their home at a higher price. Sellers will be able to put a higher asking price on their property since there is a greater amount of interest that could meet the price. A low inventory also makes it possible to receive multiple offers which again can increase the sales price.

Negotiation Power

Sellers will have a stronger position when negotiating with a buyer in a seller’s market. There is an underlying fear with a buyer that another offer will come in while negotiating with a seller so the buyer is more willing to concede so that they can lock in the purchase agreement. This may have to do with the price but often it has to do with closing dates and the seller having more say.

As long as there is a high demand for real estate and low inventory, we will be in a seller’s market. Although there are many advantages to a homeowner in this type of market, the price and condition are still factors. There is more leeway though in the seller’s favor!

Today's New Listings!

8266 Windham Dr, Mentor

7954 Aileen Dr, Mentor

6927 Appleton Ct, Mentor

7556 Sweet Hollow Dr, Mentor

29 S/L Ava June Dr, Painesville Township

6077 Glasgow St, Madison

 

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...