Cleveland Real Estate News

If you live in West Park (as I do), you know what it’s been like over the last few years.  Fewer people wanting to buy and lower home sale prices.   How about an updat e and maybe a bit of good news as well? First, if you don’t live here, and maybe are out of [...]

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Dodd/Frank  made it harder for mortgage lenders to make money on loans. Some of that is good, some of that is bad. It’s the old story of the few making it harder for the rest of the bunch.  Add into the mix the reluctance lenders feel about risk and you find all sorts of  previous [...]

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I showed my new client 6 homes on Friday. She is moving here in June from Arkansas (yes, people are still relocating to NE Ohio).  She wants to be able to move in and start her job and yes can make cosmetic changes (like wall paint) but doesn’t feel she will have time over the [...]

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I had a listing on W. 104th (just off Clifton) and wound up with an accepted contract within seven days of it being listed.  Since then, agents and buyers have been calling me, asking how solid is the contract, do you think it will go through, they can’t find another listing like it in the [...]

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It’s been a while since I’ve posted about the predatory lending issue but it smacked me in the face today. I spoke to a gentleman  (a Veteran no less) who used his VA certificate to buy his home in 2006.  I’ve never heard of his mortgage lender, and the Cleveland BBB gives them an ‘F’ [...]

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Listed one of my ‘for sale’ homes in 44111 for rent late this week.  Had an open house today and many people came, seeking a good house in the neighborhood to rent.  We now have at least three potentially good tenant candidates clamoring over each other to rent the house.  I had a feeling it [...]

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Glad they caught up with this man who allegedly helped perpetuate housing market value decline all over the County.  But I have questions related to the ones he ‘flipped’ in Cleveland.  The City of Cleveland requires every home owner with an accepted contract to sell their home, to fill out a disclosure form that states [...]

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Working with two clients who will need to do a ‘lease to own’ option instead of buying right away.  Interesting to me that both have student loan issues.  Those pesky loans can be a burden (and a credit issue) for those who are just starting their job lives after graduation.  One couple have a fantastic [...]

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I have clients looking to buy and they are looking to pay cash, not get a loan.  I just got another call today from someone looking to do the same. Both of these people are at different ends of the purchase spectrum (one for under $70k and one for $250k).  Now here comes an article [...]

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And even if it sells in 2012. The Debt Relief Act allows you an exemption on owing Federal income tax on the forgiven amount.  This is important! And good news. If you owed 150,000 and sold your house for 120,000, you will not owe taxes on the 30k difference. My suggestion is to check with [...]

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