Improvements That Add Value

Our clients constantly ask us about the types of things they can do to add value to their home. Typically, you can never go wrong with kitchens, baths, and a decked-out lower level, things that today’s buyers gravitate toward.

There are a lot of things to consider, however, including how long you plan to remain in your home. There’s no reason to do a major kitchen remodel if you plan to move in 3 years. Sometimes just putting in granite, new fixtures, and painting can make a difference in terms of resale.

Here are the top 5 projects that will give you the biggest bang for your buck, in terms of percentage of costs recouped*:

1.  Garage Door – 109%

2.  Entry Door – 84.1%

3.  Siding – 79.9%

4.  Windows – 65.4%

5.  Kitchen – 62.9%

Here’s a link to the cost vs. value report for the Cleveland area.

* Source: Remodeling Magazine

If you are planning on doing some projects around your home this fall, just be aware of expectations regarding your return on investment.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They are Solon residents and specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Improvement That Add Value is the property of The Schuman Team and may not be duplicated or used without their written consent.©August 2016

Solon Ohio Real Estate – Half Year Review 2016

Solon Sold homes

While it’s hard to believe, we have just past the mid point of the year. The market has been better than predicted with the number of sales up across the board.

The following is a comparison between the first half of this year to the same time period from 2015. We will also give a specific breakdown of sales by price points and offer our commentary.

ALL SALES – JANUARY – JUNE

Year          # of Homes Sold        Ave. Sales Price   Sales Price/List Price

2016                      164                    $313,977                96.57%

2015                      128                    $307,677                97.44%

LUXURY HOMES ( sale price over $500,000 )

2016                       26                     $613,281

2015                       15                     $632,043

 

PRICE POINT BREAKDOWN OF ALL FIRST HALF 2016 SALES ( 2015 first half sales in parenthesis )

$100,000-199,999 = 40 ( 35 )

$200,000-299,999 = 61 ( 39 )

$300,000-399,999 = 21 ( 21 )

$400,000-499,999 = 16 ( 18 )

$500,000-599,999= 11 ( 7 )

$600,000-699,000 = 12 ( 3 )

$700,000-799,000 = 3 (4 )

$800,000-899,000 = 0 ( 1 )

$900,000-999,999 = 0 ( 0 )

$1,000,000 +   =  0 ( 0 )

Source: NEOHREX

 

COMMENTARY

While 2015 was a very good year, 2016 is shaping up to be even better.

Below is a list of 5 things to take away from the above statistics:

1.     More homes sales in 2016 vs. 2015.

2.     Average sales price is up slightly in 2016.

3.     The $200,000-299,999 price point is the “hot” market in 2016.

4.     A well priced home will receive approximately 96% of asking price.

5.     The luxury market is more active in 2016, especially in the $600,000-699,000 price range.

 

As predicted, this year stated off strong with the sub $300,000 price point leading the way.

In fact, here was our prediction from our 2015 year end report:

“The beginning of the year should be strong. There are fewer homes currently for sale now   ( 85 ) than at this time last year ( 94 ).  Low inventories increase demand, and there are a ton of buyers on the sidelines waiting for the right home.

When homes start to come on the market over the next 30-60 days, buyers will likely begin snatching up the good ones.

It’s hard to believe the sub $300,000 market could be any better in 2016, but relatively low rates certainly makes things affordable for this segment of buyers.”

The 2016 real estate market has been fantastic this year up to this point. Sales have been consistent throughout the last 6 months, even during the colder months.

The sub $300,000 market has been booming since 2014. In fact, during that year we saw 51 sales in that specific price point and have seen 61 already in just 6 months this year. The draw of Solon’s top rated schools no doubt plays into demand in the more affordable price points.

In terms of the luxury market, while the upper end has been a tad slow, the $500,000-$750,000 price point has been extremely vibrant this year. Continued low rates certainly play a major role as well as available inventory. Relocation activity also factors in as executives and physicians are always moving in and out of the Cleveland area.

MOVING FORWARD

There is typically a lull in the market in the weeks leading up to the new school year. We expect things to pick up after mid August and continue through Thanksgiving.

Properly priced homes are consistently selling for, on average, approximately 96% of list price and we don’t see that changing.

While there is always a rush for buyers to get under contract so they can move before school starts, there are plenty of buyers still on the sidelines.

 

Below Are Other Articles Of Interest Relating To Solon OH:

Solon – A Special Community

Money Magazine Ranks Solon Top Places To Live

Newsweek Ranks Solon On Top Schools List

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They are Solon residents and specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Solon Ohio Real Estate  Half Year Review 2016 is the property of The Schuman Team and may not be duplicated or used without their written consent.©July 2016

Solon Ohio Market Report First Quarter 2016

 

Everyone always asks us “how’s the market”?  Well, it’s started off similar to last year, which was an overall good year for Solon real estate.

Here is our First quarter market review, including last months’ figures and comparisons to last year.

SOLD HOME STATISTICS – SOLON OHIO

Date                                     # of homes sold       Ave. Sales Price             

March  2016                            21                            $268,762

March  2015                            23                            $276,266

First Quarter 2016                    49                            $290,400

First Quarter 2015                    48                            $295,676

SOLON LUXURY MARKET

First Quarter  2016                     4                            $598,625

First Quarter  2015                     5                            $555,490

*source NEOHREX ( Regional MLS )

COMMENTARY:

Overall, the first quarter is typically the quietest. Therefore, we don’t put a ton of weight on the statistics. Most of the inventory during this quarter is left over from the end of the year and many winter buyers are simply looking for bargains.

The heat of the market begins when homes start to come onto the market in March and will continue through July 1st. This date is significant as Solon Schools start in mid August this year, so getting under contract AFTER this date will not allow enough time to obtain financing and move.

Obviously, this is more relevant to relocation buyers and those moving to Solon for the first time as they need the Solon address to register kids for school. Local buyers can move at any point during the year without the logistical issues that the other buyers have.

As is always the case, updated homes in any price point will sell quickly. The challenge for move up buyers is actually finding their next home.

With continued low interest rates and a steady supply of motivated buyers, the housing market should be in line with last year.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

Not Using A Buyer’s Agent Is Bad Business is the property of The Schuman Team and may not be duplicated or used without their written consent.©March, 2016

Not Using A Buyer’s Agent Is Bad Business

When buying a home, a real estate agent’s role is critical to your success. Whether you are a seasoned veteran or first time buyer, failure to use your own agent will end up hurting you.

Today, I’m going to shed some light on the important things a buyer’s agent does and why you’d be making a mistake if you didn’t use one to buy. ( and note, hiring a buyer’s agent is FREE ).

REPRESENTATION

There are rules regarding who represents whom during a real estate transaction. Here in Ohio, an agent can represent a seller, a buyer, or in theory, both, although to that I say neither.

I’m not going to get into the legalities here, but whether you are going it alone or not, it is critical that you understand state agency laws before you enter into any agreements.

I’LL DO FINE ON MY OWN

Real estate transactions can be very complicated.  No amount of on line articles or books can adequately prepare you for what you will encounter during a purchase transaction.

An experienced agent has seen it all and has the knowledge and resources to navigate a buyer through the myriad of problems that can arise.

While some transactions go smoothly, most do not. There are problems that arise during negotiations, inspections, financing, or with the tremendous amount of paperwork that can jeopardize a deal.

When you use an agent, you also get the backing of their company, which includes a seasoned manager and legal department. When problems occur, even minor ones, having a team behind you every step of the way makes a world of difference.

I WILL GET A BETTER DEAL WITHOUT AN AGENT

Anyone who thinks they will get a better deal working directly though the listing agent is kidding themselves. Are you really naïve enough to think the seller will provide you, some stranger off the street, a discount of thousands of dollars out of the kindness of their heart simply because you don’t have your own agent?  It simply doesn’t work that way and I’ll dispel that myth with the following example:

Let’s say I am selling my personal house ( and pretend for a moment that I am not a licensed agent ) and have hired an experienced listing agent to help me sell it. The real estate commission has already been agreed to in advance before the sign ever goes into the ground. That is my fixed cost of doing business.

So, you come into the picture without an agent and want to buy my home. I couldn’t think of a better scenario because my agent will take you to school. Instead of getting some perceived discount, they will likely get you to overpay, or at least pay more than a buyer who has an agent representing their best interest.

This is nothing against you, but my skilled experienced agent knows a heck of a lot more about negotiating a home than you do. Advantage me!

Remember, my agent represents me, the seller, and their job is to me the highest price possible. That is their fiduciary responsibility. Your goals and needs simply don’t matter. There is no discount.

I’LL JUST WORK WITH THE LISTING AGENT

It makes no difference, right? Wrong!

Many buyers end up doing this, and again, pay the price. I’ve heard things like “I met the agent at the open house and she was so nice and helpful…..”

Of course she was. She was probably June Cleaver on steroids because she makes twice as much money selling you the home if no other agent is involved.

Many listing agents will actually tell an unrepresented buyer that they’ll get a better deal working directly with them just so they’ll forego using an agent.

A better deal? For whom? The listing agent, yes, the seller, yes, but you, I think not.

EMOTIONS WILL GET THE BEST OF YOU

One of the best things an agent does for a buyer is to help them with the emotional aspect of the buying process. Don’t discount this skill because many of my clients have referred to me as their personal therapist.

Buying a home means packing, moving, spending a lot of money, one of the most emotional times in a person’s life.  Add to that having to deal with different personalities on the other end ( the seller ) that you cannot control and you get a recipe for an emotional cocktail that will explode if not managed properly. Even the most mild mannered people tend to get highly emotional during a purchase transaction.

Here are things that some of my clients, the nicest people in the world, have said while negotiating their home:

“These sellers are so unreasonable, I can’t stand them, what horrible people.”

“They are being ridiculous , what a bunch of a—holes. I don’t even want to buy their home now.”

“If they don’t accept our latest counter, they can take their home and shove it up their ….”

Ok, you get the point. In reality, most buyers and sellers are perfectly good people. During a transaction however, emotions will overpower logic and reasoning and get the best of everyone if you let it.

That’s why having an agent, someone who is not emotionally attached to the transaction, to guide you is invaluable.

I’M STILL NOT CONVINCED

Ok, here’s one last try. Ask yourself this question: If you had to go to court, would you hire your own attorney?

That’s an analogy we use a lot because a successful real estate transaction typically occurs with two different agents, each representing their own client.

Would you want the other person’s attorney to represent you as well, knowing their loyalty and fiduciary duty lies with the other party?

Or would you prefer to represent yourself, thinking that you can possibly out duel someone who has more experience and knowledge that you do?

How about if you could get a great attorney to represent you and the other party had to pay for it? If that sounds like the best option, then you should hire your own buyer’s agent. If not…

I get it, some folks are narrow minded and simply need to do things on their own. To those people I say “good luck”, as a fool and their money are soon parted.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

Not Using A Buyer’s Agent Is Bad Business is the property of The Schuman Team and may not be duplicated or used without their written consent.©March, 2016

Solon Ohio Real Estate – Year In Review 2015

Solon Sold homes

The following is our 7th annual year in review for Solon Ohio real estate.

Here, we will provide a comparison between this past year and 2014 and offer commentary. As an added bonus, we will be adding a new statistic this year, a breakdown of specific price points.

ALL HOMES

Year          # of Homes Sold        Ave. Sales Price   Sales Price/List Price

2015                      302                    $310,027                96.24%

2014                      269                    $327,567                96.55%

LUXURY HOMES ( sale price over $500,000 )

2015                       36                     $672,009               95.97%

2014                       38                     $712,285               95.21%

2015 SALES – FIRST HALF VS. SECOND HALF OF THE YEAR

FIRST HALF              128              $307,677

SECOND HALF           180              $309,176

PRICE POINT BREAKDOWN OF ALL 2015 SALES

$0-99,999 = 6

$100,000-199,999 = 82

$200,000-299,999 = 89 ( 2014 saw only 51 in this price point )

$300,000-399,999 = 51

$400,000-499,999 = 38

$500,000-599,999= 12

$600,000-699,000 = 12

$700,000-799,000 = 9

$800,000-899,000 = 0

$900,000-999,999 = 1

$1,000,000 +   = 2

 

Source: NEOHREX

 

COMMENTARY

2015 was a very good year for the Solon real estate market. The numbers were very similar to those of 2013.

Below is a list of 5 important things that the above statistics tell us:

1.     More homes sold in 2015 vs. 2014.

2.     Average sales price was lower in 2015 than 2014 due to an increase in sales in the $200,000-299,999 price point.

3.     The second half of 2015 saw a tremendous number of sales.

4.     A well priced home will receive approximately 96% of asking price.

5.     The luxury home market is fairly stable.

 

WHY WAS 2015 BETTER THAN 2014?

While total sales last year far exceeded sales from 2014, the numbers are a little misleading. The only reason for the large increase is due to the unusually high number of sales that occurred during the 3rd quarter in the sub $300,000 price points.

Basically, there were about 30 more sales in the $100,000-$300,000 price points just during this past summer. This was due to an influx of buyers likely moving to Solon for the start of the school year. Many were first-time buyers and move up buyers coming in from other cities.

Besides for this, the numbers for 2015 and 2014 were almost identical.

2016 MARKET OUTLOOK

The beginning of the year should be strong. There are fewer homes currently for sale now   ( 85 ) than at this time last year ( 94 ).  Low inventories increase demand, and there are a ton of buyers on the sidelines waiting for the right home.

When homes start to come on the market over the next 30-60 days, buyers will likely begin snatching up the good ones.

It’s hard to believe the sub $300,000 market could be any better in 2016, but relatively low rates certainly makes things affordable for this segment of buyers.

Over the years, homes have sold for,  on average, approximately 95-96% of the list price and we don’t see that changing. Homes that are properly staged and priced correctly up front will sell quicker and for more money.

Buyers would be wise to get pre-approved well in advance so they can jump on the right home when it comes on the market. With limited inventory, especially early in the year, you can’t afford to hesitate.

Below Are Other Articles Of Interest Relating To Solon OH:

Solon – A Special Community

Money Magazine Ranks Solon Top Places To Live

Newsweek Ranks Solon On Top Schools List

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They are Solon residents and specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Solon Ohio Real Estate  – Year In Review 2015 is the property of The Schuman Team and may not be duplicated or used without their written consent.©Jan, 2016

How Accurate Are Real Estate Listings?

On line listings

On line real estate listings are not always how they appear. While some listings are described accurately, others, well let’s just say embellished is putting it kindly.

In today’s post, we will give you some examples of misleading words used by agents and how prospective buyers can sort through the schlock to determine which homes are really worth a look.

REEL ‘EM IN WITH DECEPTION

Most people know the old tricks used by agents. They use words like “cozy” to describe homes that are tiny or “great potential” for homes that need a lot of work.

Over the years though, agents have gotten a whole lot more aggressive.

Some agents do things that are obvious to a buyer like put an exclamation point ( ! ) after every highlight. Apparently, some agents feel that stating “new screen door!” will make the home more appealing.

Others will use popular buzz words to get a buyer to act.  Statements like “captivating” and “must see” are often sprinkled into property descriptions on homes that are mediocre at best.

And nothing screams for a call to action better than “a steal” or “won’t last”.  Often times these particular listings have been on the market forever, thus automatically ruining the agents credibility.

WATCH FOR THESE POPULAR TRICKS/STATEMENTS

Here are some additional things and statements to look for to help you when searching on line for homes.

  •   “motivated sellers”, “bring offers” = overpriced home. If a house was priced correctly, they wouldn’t have to beg buyers to see it.
  •    pictures of only the exterior of the home = the inside is likely a train wreck.
  •    “decorating allowance to buyer” = sellers haven’t touched the place since the 80’s.
  •   “undervalued” = If it really was that great of a deal, it would have already sold.
  •     using square footage that is much higher than similar homes = agent is adding in the basement, garage, outbuildings and who knows what else to make the home appear larger than it really is to justify the price.

At the end of the day, there is nothing wrong with an agent using descriptive words and statements that genuinely reflect a home. However, touting a house to be something it is not will simply anger prospective buyers and their agents who end up wasting their valuable time to see it.

When searching for a home on line, be aware of the tricks that some agents use to lure you in.

Just knowing how to sort through the fluff will allow you to concentrate on the homes that you may actually want to buy.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

How Accurate Are Real Estate Listings? is the property of The Schuman Team and may not be duplicated or used without their written consent.©December, 2015

5 Winter Projects That Can Increase Your Home’s Value

Winter is the best time to do home improvement projects.

Why? Contractors are more available, material prices come down before the spring market, and you may personally have more free time on your hands, especially during winter vacation.

So with that in mind, here are 5 projects you should consider this winter to add value to your home.

1.Wow Your Walls – Adding trim, crown molding, accent walls or a sharp new paint color can provide an instant upgrade to any room.

2. Bring On The Backsplash – For a relatively small amount of money, a backsplash is an easy way to completely change the look of a kitchen.

3. Let There Be Light – Changing out dated light fixtures, ceiling fans, and adding lamps can make a room look more current and brighter.

4. Closet Organizers – Wire shelves scream “builder grade” to buyers. Spending a little money can add much needed space and organization to a closet and add resale value down the road.

5.  Hardware – Get off your ass and replace that brass! Most people have outdated hardware, including doorknobs and handles. Replacing all of your hardware is a project that will change the look of your entire home and can be easily done yourself.

These projects will help you fall in love with your home again and offer value down the road when you go to sell.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

5 Winter Projects That Can Increase Your Home’s Value is the property of The Schuman Team and may not be duplicated or used without their written consent.©November, 2015

5 Reasons Why Homes Don’t Sell

Why Home Don't Sell

 

Listing your home for sale is stressful. Not being able to sell it is even worse.

If a home doesn’t sell in 6 months, there’s a problem and it needs to be fixed.

Today we’ll discuss the top 5 reasons why a home doesn’t sell.

 

1. CONDITION – Homes that don’t sell often have a few maintenance or cosmetic issues that the seller decided to “put off” as they didn’t want to spend the money. These sellers feel that the buyer can “deal with it” or build it into their offer.

Buyers, however,  gravitate towards well maintained homes. In their minds, it’s a safer and easier option.  Most simply don’t want the hassle of having to do work to a home.

For the few that are willing to, they will estimate needed improvements to cost 3-5 times more than they actually do.

The next thing you know,  a house that may only need $4000 worth of work will seem like $12,000-20,000 in the mind of a buyer.

Fair or not, that’s how they think and failure to address the condition of your home will either create low ball offers or cause buyers to find a comparable home that doesn’t need the work.

2. THE AGENT – If a house doesn’t sell in 6 months, maybe you hired the wrong agent.

Perhaps your agent is a friend or family member who doesn’t specialize in your market area or is afraid to be truthful about your house for fear of jeopardizing your relationship.  Maybe your agent works primarily with buyers, and listing homes isn’t their strength.

Whatever the reason, you need to remember that this is a business transaction and your agents ability to sell your biggest asset needs to be re-evaluated.

Your agent may be working very hard to sell your home, but if what they’re doing isn’t working, they may be part of the problem.

Remember, not all agents are created equal.  You need to hire one who can get the job done.

3. PRICE – Some say that price isn’t the only thing, it’s EVERYTHING.

While improper pricing isn’t always the reason a home doesn’t sell, it is such an important factor that it needs to be discussed.

For starters, how did you come up with your price? What are similar homes selling for? Is there statistical data to support your price?

There are formal ways to price a home correctly, but unfortunately, many sellers don’t take this approach. Too often a seller will price their home according to how much they want to get out of it. Or, they will take what they paid, add up all the money they’ve put into it, and use that number.

Better yet, some sellers base their price on ego, thinking “well if so and so got this for their house, I should get more for mine because ours is way nicer.”

Here’s the deal,  every seller thinks they have the nicest house ever built and that a buyer should pay them what they want for it.

Buyers have a different mindset. They could care less about what you want to net from your sale or how much your home is worth in your mind. They will, however, be willing to pay fair market value and if they feel you want more than that, they will buy another house.

At the end of the day,  you need to emotionally detach yourself from the situation and come up with a fair listing price.

4. TOO MANY DAYS ON MARKET – If a home has been on the market for too long, it becomes stigmatized and passed over by solid buyers.

One of the common questions buyers ask their agent is “how long has this home been on the market?” The longer it’s been on, the more likely a buyer will question why. Is there something wrong with it? Why hasn’t anyone else bought it?

Buyers like to make safe choices and a home that has been lingering on the market for a long time, or one that never sold is viewed as risky.

For sellers whose homes have been on the market too long, our suggestion is to take it off then put it back on with a fresh approach. Perhaps some cosmetic updates, a new agent or lower price.

If you re-list your home at exactly the same price, with the same agent and in the same condition, well, you’ve heard the definition of insanity, right?

5. THE SELLER! – A seller is often their own worst enemy.

They often blame the buyers for not choosing their home. “They are too picky”, you say. Well sellers, maybe it’s YOU.

YOU won’t fix broken items, YOU insist on listing at a price YOU came up with, or YOU insist on taking advice from your brother who just sold his home in New York and therefore knows more than your local agent.

Some sellers get in their own way and don’t realize it until it’s too late.

The bottom line is, if your home didn’t sell or isn’t selling, you have a problem and need to deal with it.

It may be hard for you to admit, but refusing to address it will cost you money.

Selling a home isn’t rocket science, people do it successfully every day. So identify your problems, fix them, and go successfully sell your home so you can move on with your life.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

5 Reasons Why Homes Don’t Sell is the property of The Schuman Team and may not be duplicated or used without their written consent.©November, 2015

9 Easy Ways To Winterize Your Home

9 Ways To Winterize Your Home

 

The bone chilling cold and abundant snow are coming, so now is the perfect time to get ready.

Here are 9 easy things you can do to winterize your home.

  1. Clean Gutters
  2. Service HVAC System – You don’t want to find out the heat doesn’t work when you really need it – and getting an appointment then will be tough.
  3. Reverse Ceiling Fans – Set the fan to go clockwise so the hot air gets pushed down —especially helpful for 2 story rooms.
  4. Roof Tune Up
  5. Drain Sprinkler Systems
  6. Clean Chimney – Making sure it’s in good working order will prevent carbon monoxide poisoning. A Damper stop clamp will prevent flue from closing while gas logs are still on.
  7. Restock Supplies – Buy salt, shovels, and get make sure ice scrapers are in your cars.
  8. Store Outdoor Gear – Bring in cushions and furniture. Consider installing above garage storage to add more room.
  9. Winter Survival Kit – Create one for home and car, flashlight, blankets, water, food, candles.

There are a lot more things you can do, but this will give you a head start on old man winter.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in luxury homes, relocation, and move-up buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

9 Easy Ways To Winterize Your Home is the property of The Schuman Team and may not be duplicated or used without their written consent.©October, 2015

Solon Ohio Luxury Homes – The Ultimate Guide

 

 

 

 

Welcome to our ultimate guide on Solon Ohio luxury homes, the only one of its kind.  Whether you are relocating to Solon from out of state or making a move from across town, this guide is a perfect place to start.

Here, we will list and describe all major luxury home subdivisions in Solon and even include videos and maps.

Please note, a luxury home in the Cleveland metropolitan area is defined as anything over $500,000.

 

SIGNATURE OF SOLON

Signature of Solon Entrance

 

Signature of Solon is one of few gated golf course communities in the Cleveland area and a popular destination for those looking to relocate to Cleveland. It offers excellent location, about 25 minutes from both downtown and the airport.

It is one of Solon’s most prestigious developments and consists of two phases, Signature I and Signature II. Homes in Signature range in price from $600,000 – $1,000,000 + and have all been built within the last 15 years.

The primary differences between Signature I and II are lot sizes and proximity to the golf course. Homes in Signature I have smaller lots, and are located within walking distance of the golf course and club house. Many of these homes have golf course views.

Homes in Signature II are located closer to the tennis courts and pool and and have larger wooded lots.

Homes in Signature of Solon are well laid out for today’s life style. The exteriors are breathtaking and complete with lush landscaping and finely manicured lawns. The back yard spaces are also well laid out with over-sized decks and patios.

Many homes in Signature are colonials in style, but are mixed as to whether the master bedroom is on the main level or the second floor.

Homes here typically have finished basements, many with exercise rooms, home theaters, full bathrooms, and plenty of space for recreation and storage. Many lower levels also have an additional bedroom, ideal for a nanny or in-law suite.

In 2014, the average price of a home in Signature of Solon was $656,339 and the average square footage was 4396.

The Signature housing development was designed around prestigious Signature Country Club, which is a major draw in the area for those that enjoy golf. Signature offers a prGolf Course Communityofessionally designed 18 hole golf course, a swimming pool, tennis courts, and a fitness area. Membership to Signature Country Club is a requirement for anyone buying a home in Signature of Solon. Membership is also available to those who live outside of Signature.

The clubhouse is one of the largest in Ohio and offers casual and formal dining as well as a lounge with a pool table, fitness area, and an Atrium. The family room allows members to wear jeans and shorts and provides a great atmosphere for kids as it is surrounded by numerous TV’s. There are also private rooms available for small parties and well as large ballrooms that are used for weddings and Bar Mitzvahs.

Signature is a fairly transient development, which is perfect for families relocating to Solon as many of the residents are transplants as well. People living in Signature are open to meeting new people and the many activities offered throughout the year offers newcomers a built in social life.

There are a ton of kid friendly events as well as functions for just adults. We have a ton of clients who live in Signature, many who relocated from out of state, and they simply love it. Living in Signature is more than just belonging to a golf club, it is a lifestyle.

 

Children who live in Signature attend the following Solon Schools:

Roxbury

Orchard Middle School

Solon Middle School

Solon High School

Please note that one of the four elementary schools in Solon ( Arthur Road ) will be closing within the next few years. While our information is up to date, we recommend contacting the schools directly to get any information that you need.

LOCATION OF SIGNATURE

The main entrance is off Aurora Rd. ( Rt. 43 ) and there is another entrance off Pettibone and Liberty Rd. as well. The following map will give you a good idea of where Signature is located:

View Signature in a larger map

 

VIDEO OF SIGNATURE OF SOLON

 

 

 

 

THORNBURY

Thornbury Home

 

Thornbury is another popular Solon luxury home subdivision. Although nestled inside a fairly large development, it has a small neighborhood feel, complete with its own walking path and playground.

One drive through Thornbury will leave no doubt as to why it is viewed as one of the most desirable neighborhoods in town. The lush well-manicured lawns, attractive exteriors, and large lots make it very picturesque and there is always someone riding a bike, jogging, walking their dog, or just out being friendly.

thornbury lake

 

All homes in Thornbury have been built within the last 15 years and consist mainly of single-family residences. They range in value from $550,000-$1,000,000.

Thornbury of Solon Playground

THORNBURY’S PRIVATE PLAYGROUND

Characteristics of a typical Thornbury home are an open floor plan, impressive 2-story entryway, first floor office, standard living room and dining rooms, gourmet kitchen with top of the line appliances,  2-story great room and a luxurious master suite located on either the first or second floor.

High-end finishes and attention to detail help make the housing stock here special. Many homes also have large finished basements with exercise rooms, home theaters, play rooms, and a full bathroom. Some also have additional bedrooms perfect for a nanny or in-law area.

In terms of exterior living space, many residents here have invested a lot of money into decks, stone patios, fire pits and more. It is safe to say that there are some pretty tricked out backyards in Thornbury which are ideal for both family and adult entertaining.

The major difference between Thornbury and Signature is that Thornbury does not have the additional costs that are required by living in Signature. While you can still join Signature as a social or golf member while living in Thornbury, it is not mandatory. Those that either don’t golf and wouldn’t see themselves using the many Signature amenities view Thornbury as a great option.

Children who live in Thornbury attend the following Solon Schools:

Roxbury

Orchard Middle School

Solon Middle School

Solon High School

LOCATION THORNBURY


View Thornbury of Solon in a larger map

 

VIDEO OF THORNBURY

NORTH PARK

  north park home 5 small

 

Why do people love North Park of Solon?  Location, location, location.   North Park is the only luxury home development of newer homes in the north part of town.

While Solon in general offers a manageable commute to downtown, the airport, or the local hospitals, North Park is especially sought out because it is the closest luxury neighborhood to the highway.

HOUSING IN NORTH PARK

The North Park development  consists of relatively newer housing, with all homes having been built within the last 15 years.

One distinguishing feature of North Park is that the topography is a bit more hilly than most neighborhoods.

Like Signature and Thornbury, homes in North Park have modern open floor plans and are mainly colonial in style.

The homes here have luxury amenities throughout such as high-ceilings with crown molding, upgraded finishes and top of the line appliances.

The landscaping in North Park is spectacular, which gives the neighborhood a very elegant and impressive feel as you drive through.

The price range for homes in North Park is $550,000-$900,000.

WHY PEOPLE ENJOY NORTH PARK

Our clients who live in North Park love the location, but also enjoy the neighborhood feel. They have been able to meet other families very easily and are happy with their choice of buying here.

The main challenge is actually finding a home in North Park. Homes here rarely turn over, with approximately 1 home selling per year, so supply is very limited to say the least.

On the flip side, home values here are very strong, so if you buy in North Park, you should have a solid investment.

Children who live in North Park attend the following Solon Schools:

Lewis Elementary

Orchard Middle School

Solon Middle School

Solon High School

 

VIDEO OF NORTH PARK

 

LOCATION OF NORTH PARK

The following map will give you an good idea of specifically where North Park is situated:


View North Park of Solon in a larger map

 

CHAGRIN HIGHLANDS

Chagrin highlands Solon Ohio

 

Chagrin Highlands was THE premiere luxury home development in Solon during the 1990’s, when Solon’s overall popularity was just starting to soar. Chagrin Highlands is a massive development with homes situated on beautiful 1 acre wooded lots.

Chagrin Highlands is located in the center of Solon, in close proximity to the highway. While Signature and Thornbury get a lot of attention, Chagrin Highlands is worth a look.

The lot sizes are big and private and affordability is a little better. Lower end homes sell for in the 400’s but most homes in Chagrin Highlands sell from between $500,000-700,000.

HOMES IN CHAGRIN HIGHLANDS

Chagrin Highlands Solon Ohio

The Chagrin Highlands development consists of approximately 175 homes. While most homes here are single-family in nature, there is a street of stand-alone cluster homes that is very popular for those who are downsizing and looking for a home with less maintenance.

Homes here sit back on the lots, making them look estate-like and quite impressive. The landscaping and exterior lighting make Chagrin Highlands a pretty neighborhood to drive through both during the day as well as at night.

The homes themselves are a big mix in style, amenities and pricing. Most homes here are 2 story colonials and typically have  4-5 bedrooms, 4 full baths and finished basements with at least a half bath, and a 3 car garage.

WHY PEOPLE LOVE LIVING IN CHAGRIN HIGHLANDS

Although the homes are a little more spread out than most neighborhoods, there is still a sense of community felt by those living here.

Having sidewalks throughout the development brings people together as neighbors are often seen jogging, biking, and walking their dogs. Kids also interact freely with one another here, making Chagrin Highlands very popular for those with school aged children.

Children who live in Chagrin Highlands attend the following Solon Schools:

Parkside Elementary

Orchard Middle School

Solon Middle School

Solon High School

 

LOCATION OF CHAGRIN HIGHLANDS

View Chagrin Highlands in a larger map

 

VIDEO OF CHAGRIN HIGHLANDS

FOREST HILLS OF SOLON

forest hills Solon ohio

While not an overly large subdivision, Forest Hills is a fabulous development of luxury homes tucked away in a very pretty setting. Many people don’t even know this subdivision exists but those looking to buy a higher end home in Solon should put it on their list.

Here is everything you need to know about Forest Hills.

HOUSING IN FOREST HILLS

forest hills home Solon OhioThe Forest Hills development offers a great combination of luxury homes on private wooded lots.

The detailed exteriors and well-manicured landscaping gives Forest Hills a stately feel.  A lot of the homes are all brick or stone, yet they all have a different look and feel, making them unique.

Inside, the homes are spacious, averaging just under 4500 square feet.  The floor plans are open and modern. Since the homes here were built in the 1990’s, some may be a little dated at this point. However, an updated home in Forest Hills is hard to come by and will often fly off the market.

The price range for homes in Forest Hills is approximately $600,000-$900,000.

WHY PEOPLE ENJOY LIVING IN FOREST HILLS

One drive through Forest Hills will answer this question.  It is one of Solon’s prettiest neighborhoods.   We have a lot of friends who live here and they love the privacy of the development and the great neighborhood feel.

The location is fairly central as well being in close proximity to so many local hot spots such as the top rated Solon Schools, Solon Community Center, Solon Public Library, and Solon Center for The Arts.

Children who live in Forest Hills attend the following Solon Schools:

Parkside Elementary

Orchard Middle School

Solon Middle School

Solon High School

FOREST HILLS VIDEO

As mentioned, Forest Hills is so tucked away that many residents don’t even know it exists. So here is a map to give you an idea of exactly where it is located:

LOCATION OF FOREST HILLS

View Forest Hills Of Solon in a larger map

ROLLINGBROOK

rollingbrook home 2

For those seeking a home on land in Solon, Rollingbrook offers a unique opportunity. All homes here were built on secluded 5 acre wooded lots. In fact, many of the homes here are difficult to see from the road.

Rollingbrook consists of just one street and is located near Signature of Solon. It is so tucked that many people who live in Solon don’t even know it exits.

Rollingbrook of Solon

This one of a kind neighborhood consists of approximately 35 homes that were built primary in the 1980’s and early 90’s.

One drive through Rollingbrook is all it will take to appreciate this picturesque neighborhood.  A handful of homes in Rollingbrook even have ponds in front of the home,  offering a look of elegance and beauty usually seen only on the cover of a magazine.

 

The average home in Rollingbrook is about 4800 square feet, has 4 or 5 bedrooms and 5 baths. Most are colonial in style and offer a mix of exteriors with brick, stone, or cedar being the most prominent.  The interiors are a little more traditional overall then those you will find in newer developments like Signature and Thornbury, a function of the time period in which they were built.

Rollingbrook residents attend the following schools:

Roxbury

Orchard Middle School

Solon Middle School

Solon High School

Overall, Rollingbrook is one of Solon’s most exclusive streets and until recently, homes here rarely came on the market. Now, we are starting to see a lot more turnover, offering buyers a great opportunity to buy in this special neighborhood.

 

BEST OF THE REST

Here is a list of some other luxury home developments in Solon. Most of these are just single streets containing 15-20 homes. Because of their size, inventory in these neighborhoods is often limited but they should still be considered in your search.

 

High Point – Conveniently located just off Cannon Road in the northern part of Solon. Close in proximity to the highway, homes built in the 90’s.

Horseshoe Farms – Small street of homes located off Cannon Road in the western part of Solon.

North Woods – Small development off Cannon Road, in the western part of town featuring some of the most spectacular newer homes in Solon. Built in the early 2000’s.

Stillwater – Luxury home street in the north part of Solon located across from North Park.  Homes sit on pretty wooded lots and were built mainly in the 1990’s.

The Woodlands –  Small development of about 15 homes off Aurora Road. Homes here were built in the 1990’s and early 2000’s.  Homes sit on nice wooded lots and are fairly desirable for those relocating to the area.

 

Here is a map showing the location of all Solon Ohio luxury homes:

View Solon Luxury Home Developments in a larger map

 

 

SOLON LUXURY HOMES – CHEAT SHEET

As a summary, here is a “cheat sheet” to make your search a little easier.

Chagrin Highlands – Large development of luxury homes built in the 1990’s on 1 acre lots.

Forest Hills – A tucked away neighborhood of highly sought out luxury homes built in the1990’s. Pretty neighborhood on private lots.

High Point – Conveniently located just off Cannon Road in the northern part of Solon. Close in proximity to the highway.

Horseshoe Farms – Small street of homes located off Cannon Road in the western part of Solon.

North Park Estates – The only development of newer luxury homes located in north Solon.  Convenient highway access makes this very popular.

North Woods – Small development of newer homes off Cannon Road, in the western part of town. Some of Solon’s nicest homes are located here.

Rollingbrook – One of Solon’s most picturesque and exclusive areas.  All homes here sit on at least 5 acres of land. Homes built in the 80’s and early 90’s.

Signature – One of Northeast Ohio’s only gated golf course communities.  Homes were all built after 2000. Signature I is closer in proximity to the clubhouse and golf course while Signature II is closer to the pool and has larger lot sizes.

Stillwater – Luxury home street located across from North Park.  Homes sit on nice wooded lots and were built mainly in the 90’s.

Thornbury –  One of Solon’s newest and largest developments of luxury homes.  This subdivision is known for it’s neighborhood feel complete with its own playground and walking path.

The Woodlands –  Small development on one street located off Aurora Road.  Homes sit on nice wooded lots.

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ABOUT THE AUTHORS

The above information is compliments of Solon residents Amy and Dan Schuman of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and move up buyers. They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

In addition to Solon, The Schumans also service the following Cleveland area suburbs: Aurora, Bainbridge, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights,  South Euclid, University Heights, Woodmere. We would be happy to refer you to a qualified agent if you are buying in an area that we do not service.

Solon Ohio Luxury Homes The Complete Guide is the property of The Schuman Team and may not be duplicated or used without their written consent.©Oct., 2015