Cleveland Real Estate News

Most of my home buyer clients wistfully wish they had 20% of the price of the home they want to use as a down payment. Lots of reasons, but the main one is that once you can hit that 20% mark, you don’t have to tack on extra monthly PMI insurance  charges to your mortgage. [...]

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I read the Teresa Dixon Murray article in yesterday’s PD and felt a bit of a rant coming on. After talking with two colleagues today it became clear that getting (as Paul Harvey used to say) the rest of the story out there is needed here. I’m talking about the article Theresa wrote about the [...]

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Today the Senate version passed, now the House has their version…more money than the Senate version – they claim it has more emphasis on jobs. Here is a site where you can read the versions yourself: ReadTheStimulus.org. Both versions are there. I’m of course very interested in what will finally happen with passenger rail, but [...]

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So we all know the City of Cleveland demolishes homes. Since the foreclosure mess the number of homes has increased a lot yes? I had the pleasure of being the agent for a client under contract to purchase a bank owned home. It was supposed to close at the end of January.
Last week, the listing [...]

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Today was one of those gratifying days in real estate. I was able to hand over the keys to my clients because they are the proud owners of a new home. There would be more days like this except for one pesky little thing in real estate: short sales and bank owned homes.
 
To recap from [...]

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I read a long article this morning that actually covered quite a few angles on this issue. Is It Time To Buy Real Estate by Vicki Gerson. It’s worth reading, it reiterates some points we’ve (myself and commenters) made on this blog in prior posts. And of course I don’t agree with everything they say.
One of the bankers [...]

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And buying with an FHA loan is a good idea. You can buy a home in Cuyahoga County borrowing up to $298,000, and the interest rates are always a bit lower than with a conventional loan.  I did want to pass on some information about searching for your new home however since there is a [...]

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Why did I post a heading with today’s mortgage rate? My mind is all over the place thinking about phone calls I’ve gotten this week, on my cell and while on floor duty at the office. Maybe I’m a little slow, but I am finally understanding why so many people are asking me ‘do you [...]

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