Cleveland Real Estate News

Yahoo! Finance featured a story today about home sellers who are less than truthful about problems that might exist in a home, when buyers ask questions.  Questions like how much are the utility bills.  The truth is, you, Mr. Buyer, might like a cooler home than I do, so if I sell you my house, [...]

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Yesterday the U.S. District Court dismissed Baltimore’s case against banks they said created blight by violating The Fair Housing Act (our case was dismissed months ago). I found a post from American Banker  on line, written by Jeff Horwitz  . It’s a good summary of the various municipal cases brought or being brought against some [...]

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It was quiet on the Med Mart front for a while; last we heard there was arguing over the change in plans from MMPI regarding where it would be located.  I liked the first site choice better all along.   I don’t think you have to be a staunch preservationist to not want Public Hall torn [...]

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This is, overall, great news.  The City of Cleveland is instituting green standard (LEED) requirements in order for new or rehabbed projects to receive tax abatement. Haven’t I been saying this for a few years, that this was the way to go with abatement.  The new standards will take affect in January 2010.  You can [...]

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This means you would sign your title over to your lender and you would become their tenant.  The catch is Fair Market Value (FMV) for the rent. If it’s determined to be $850/month, and your mortgage is more than that, it won’t work. If  the FMV is less than what you are now paying per [...]

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Signed into law a few hours ago, there are now more financial incentives to keep up (or start) your home search, if this is a good time for you personally, to buy.  Having good housing inventory to choose from is important too.  To all who may have wanted to put their homes up for sale [...]

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My colleagues have been posting about this all week, but I wanted to wait until it seemed like there really was going to be an extension to the FTH Buyers Federal Tax Credit.  Yesterday it passed in the Senate (and not one Senator voted against it, imagine that).
The House passed the Home-buyer Tax Credit extension [...]

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Had coffee at a neighborhood coffee shop that is everything I want in a coffee shop.  Not too glitzy but homey and friendly with lots of space and a great neighborhood decor – and one of the best cups of coffee you could want!  I’m talking about Savor The Moment on Rocky River Drive (South of [...]

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So you saved up money, have decent credit scores, and are now ready to buy your first home.  We are reaching the end (unless they extend it) of the Federal Tax Credit perks, but Ohio has a new program that just might fit the bill. It’s called the Grant For Grads program. Bob Wilson, of [...]

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The County Auditor now allows you to keep up on sales on your street.  I asked for all Cleveland sales in September; they said 744.  Check out the PD article about it here.    Peace Out – 3C

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