Monthly Archives: January 2010

Gearing Up For Spring: Selling your Home When Everyone Else Is

This post was written by Lisa Udy, a top producing agent in Logan Utah. We feel it will bring value to our readers and hope they take this information to heart.

Via Lisa Udy Realtor Utah Real Estate Specialist (Logan Utah Real Estate The Platinum Real Estate Group):

In the last month I have had a few sellers that have taken their Logan Utah homes off the market. They decided they just wanted to wait until spring time, and didn’t want their homes to become stale on the market. Some of these seller’s homes were on the market for some time, and I couldn’t talk them into reducing their prices. The market had spoken, their homes were overpriced.

Frustrated Home SellerJust because you wait to sell in the spring doesn’t mean your home is priced to sell.

Everyone knows in the real estate business, spring time is the busiest time of the year. There are more buyers in the spring, but there is also a lot more competition.

If your home is on the market for an extended amount of time, the worst thing you can do is take it off the market and wait to price it exactly the same a few months down the road when you are going to have twice the competition.

 

Here’s Why:

  • The market has already shown your home isn’t priced correctly, if it was, it would have sold no matter what season it is. Price is the #1 factor for selling a home, no matter what condition it is, if it’s priced correctly, you can sell it.
  • Your mortgage payment isn’t going to go away. Every month you stay in your home, you have to pay for your mortgage. Which means more money you pay your lien holders in interest. That money is gone forever.
  • The longer your home is on the market, the more behind the market it becomes. If your home was priced competitively in the first month, but soon after you start noticing homes selling in your price range for less then what they were the month before, you have to adjust your strategy. It may have been priced right 3 months ago, but how does it compare today? The real estate market is a living creature, it changes, and no one knows where it’s going until it has already been. Price your home ahead of the market.
  • If you think it’s going to be hard to sell your home in the winter, imagine how hard it’s going to be when inventory goes up 30%.

Now, don’t get me wrong, I understand you need a certain amount of money out of your home. The problem with that thinking is, the market doesn’t care how much money you need out of your home. The market doesn’t care that you can’t sell your home for the price the market says it’s worth. The market provides the price a buyer is willing to pay, and nothing more.

Selling A HomeTake a deep breath, look at the facts, and think about your motivations for selling your home. If you can’t price your home at the price the market dictates now. Why would you want to wait until the busiest time of the year, with more competition, higher interest rates and then price it at the same as you did with less competition, better interest rates, and in a market that is heading into the unknown?

What are your motivations for selling? Are you relocating? Are you trying to move into a bigger home? Are you downsizing?

If you have all the time in the world to wait out the market, that’s great and you are in a unique situation, but be prepared to wait a long time. If you want to sell your home fast, price it to sell in today’s market, and you will actually save a lot of money in the long run.

This market is, to be blunt, insane. No one knows what’s going to happen over the next few months, and if you wait until the grass is greener on the other side, you may find that someone has poisoned the grass.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Lisa UdyLogan Utah Real Estate  Copyright © 2009

If you are considering buying or selling a home in Utah, you deserve local expertise and advice to be provided by a professional in real estate. Lisa Udy, is a Utah REALTOR® providing full time, professional real estate services to home buyers and sellers in the cities of LoganProvidenceNorth LoganHyde Park,  Smithfield,   Richmond,  NibleyLewistonCornishTrentonAmalgaClarkston,  Newton, and all surrounding cities in the  Cache County Northern Utah area.

You may be relocating to or from Utah due to any number of reasons , whatever the case, when searching for a real estate professional outside the state of Utah, please feel free to Contact Me or call me at 435-881-3022 as I am more than honored to provide to you the contact information of exceptional agents across the U.S.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 

 

South Euclid Open House Extravaganza – 15 Homes On Tour This Sunday

South Euclid Open House Extravaganza – 15 Homes On Tour This Sunday

This Sunday, January 31st will be a unique open house opportunity for South Euclid home buyers. Eighteen ( 18 ) homes from eight different real estate companies will be held open to create a mass open house to provide home buyers an easy way to see a lot of homes in a short amount of time. Houses will be open between 1-4PM.

Although the recent snow and cold weather has kept local buyers at bay, the recent thaw and timing of the $8000 home buyer tax credit should make this open house event an excellent opportunity, especially for first-time buyers. With interest rates at historic lows and home prices extrremely favorable, there has never been a better time to buy a home. Since buyers must be under contract by April 30th, 2010 to be eligible for the tax credit, this event is a perfect time for local buyers to get started with the home buying process.

Homes that will be on tour this Sunday range in price from $102,000-$150,000 and include a mix of 3 and 4 BR homes with a variety of styles and features.  

Companies involved in this spectatcular event are:  2000 Professional Realty, Coldwell Banker Hunter Realty, Howard Hanna, J. Petty Realty, Keller Williams Realty Greater Cleveland, Laronge-Wagner Realty, Realty East, Inc., Re/Max Home Source, & Re/Max Premiere Properties

Here is a sample of one the fantastic homes that will be on the grand tour: 

4170 STONEHAVEN RD

TOTALLY UPDATED —A SMART CHOICE FOR THE PICKY BUYER WHO WANTS A FINISHED PRODUCT

4170 Stonehaven Rd South Euclid

  

 Living and diningUpdated Kitchen 4170 Stonehaven South Euclid Home For SaleMaster bedroom 4170 Stonehaven South Euclid Home for Sale

Office off Master bedroom 4170 Stonehaven South Euclid Home for SaleBack yard 4170 Stonehaven South Euclid Home for SaleFirst floor bedroom 4170 Stonehaven South Euclid Home for Sale

 

A list of all available homes will be available at every home on the tour, along with a map of all listings.

 

****************************************************************************************** 

About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty. The Schumans have extensive knowledge of South Euclid and the east side suburbs of Cleveland and specialize in working with first time home buyers.

If you are looking to buy or sell a home in the Cleveland area, please contact the Schuman Team at 216-346-3235. 

VIEW ALL CLEVELAND AREA  HOMES FOR SALE BY CLICKING BELOW:

view all area homes

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE


 

South Euclid Open House Extravaganza – 15 Homes On Tour This Sunday is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan,2010

A “Secret” List Of Bank Owned Homes – The Truth Revealed

A “Secret” List Of Bank Owned Homes – The Truth Revealed

bank owned homes

 

We have had a lot of buyers tell us they want to buy a bank owned home. So, we create a personal home search for them where a list of homes that fits their parameters is sent to their email directly from our MLS ( Multiple Listing Service ). This is the most up to date database of homes available. We then explain how new homes will be emailed to them as they come on the market.

However, over the course of time, many buyers, curious to see if there is anything else out there, will come across sites that advertise “a Secret list of bank owned homes”, and want to know why these “great” homes didn’t show up on the search they receive from us. 

The answer is simple: these homes don’t exist.

There is no secret database of foreclosed homes at deep discount prices. Quite simply, all bank owned homes are listed with real estate agents, appear in the MLS, and are available to be shown by any agent.

What you will find on line, however, is companies advertising a list of bank owned homes, perhaps with limited information on the home, and then require you to sign up and pay a monthly fee to get a list of homes sent to you. I am certainly not being negative about these companies.  I am merely stating that all they are doing is reselling information that any good agent can get you for FREE.

I personally saw one of these popular websites indicate there were over 100 foreclosed homes in my personal community of Solon, Ohio. The reality is that there are actually only 4 bank owned homes currently on the market here. Are these companies engaging in questionable and deceptive business practices, I’ll let the consumers be the judge. However, I will caution home buyers from accepting everything they see on line as being accurate.

So, there are two things to be learned here:

1. If something sounds too good to be true, it usually is.  And,

2. Why pay for something that you can get for free. 

Don’t be fooled by information you see on line. A good real estate agent will be able to bring all homes for sale to your attention, including ones that are bank owned.

*********************************************************************************************

About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty. The Schumans service both the East and West sides of Cleveland and specialize in assisting those who are buying bank owned homes within the luxury home marketplace, and executives who are relocating to Cleveland.

If you are looking to buy or sell Cleveland real estate, including the surrounding suburbs, please contact the Schuman Team at 216-346-3235. 

 

SEE ALL CLEVELAND AREA HOMES FOR SALE BY CLICKING BELOW:

view all Cleveland luxury homes

 CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

 A “Secret” List Of Bank Owned Home – The Truth Revealed is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan,2010

Solon Bank Owned Homes

SOLON BANK OWNED HOMES

Solon Bank Owned Homes

 

While many companies sell consumers lists of bank owned homes, the lists being offered are rarely accurate. So, save your money, don’t pay for a list and get the information on Solon bank owned homes right here, compliments of The Schuman Team.

Right now, despite what some reports may indicate, the inventory of Solon bank owned homes is small. There are an additional 19 homes listed as short sales, however. Here is an up to date list, as of January 24, 2010, of streets in Solon where there are currently bank owned homes.

 

 

   

ADDRESS LIST PRICE PRIOR SALE PRICE
     
Aurora Rd. 108,000 87,500 
Country View Lane 219,500 255,000
Spatterdock 270,000  
Flanders 621,000  
     
     
     
     
     

While many bank owned homes in Solon have sold over the last several years, banks are becoming more willing to negotiate up front so they can avoid the foreclosure process. Therefore, the number of Solon short sales is on the rise, and could be a more viable option for those buyers looking at Solon bank owned homes.

In fact, short sales may end up being even better than bank owned homes as they have not been sitting vacant for 1-2 years and the pricing can be just as good.

For a complete list of Solon bank owned homes and short sales, including full addresses and photos, if available, please contact us and we will be happy to email them to you. 

Click below to find other articles of interest pertaining to Solon:

Bank Owned Homes In Thornbury of Solon

Buying A Bank Owned Home in Solon, The Good, Bad, and Reality

Shopping in Solon

Solon Short Sales

Solon- A Great Community

******************************************************************************************

About The Authors:

Dan and Amy Schuman are Solon residents. They specialize in luxury homes, working with buyers relocating to Solon, and buyers looking to buy distressed properties in Solon.

If you are looking to buy or sell a home in Solon or the surrounding Eastern suburbs, please contact the Schuman Team.

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

VIEW ALL SOLON HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

 *Please note that the Schuman Team, Amy and Dan Schuman, are licensed real estate agents in the State of Ohio but are NOT licensed to practice law. We want to be clear that while a real estate agent can assist with a buyer and seller during the real estate transaction, the process, especially buying a short sale or bank owned home can be more complicated than a traditional transaction. Therefore, we welcome consumers to seek the advice of a qualified real estate attorney prior to signing any legal documents.

 

Solon Bank Owned Homes is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan, 2010

If You Really Want A Screaming Deal – Ask The Seller For A Quit Claim Deed.

This post is courtesy of a friend of mine, Gabrielle Rhind, an Associate Broker with Tierra Antigua Realty in Tucson Arizona.

Via Gabrielle (Kamahele) Rhind, Associate Broker (Tierra Antigua Realty, Tucson AZ Real Estate):

Otherwise, it might be time to re-evaluate your perspective of a terrific home deal in order to get one. 

Yes – we know – everybody wants a deal on a home! Home prices are low — interests are low — inventory is also getting lower — you want to take advantage of the home buyer tax credit. Yet you still haven’t found the home you want. 

Staying focused on price or constantly making ridiculously low offers usually isn’t the best way to get a good deal.   Here are some other ways to find a great home deals:

Compare the home you want to buy with others like it – consider the amenities, the area, the upgrades, etc.

Look for homes that have been owned for  8 to 10 years or more where generally, there is a lot of pride of ownership.  The best home I ever listed was lived in for 40 years.  It was outdated, but otherwise in perfect condition and in a high end neighborhood.  The Sellers priced the home well under market leaving the new Buyers, even with the cost of upgrading, a considerable amount of “instant equity”.

On the flip side – you can also look for homes that have only been owned a few years.  I’ve found a lot of homes in this category have already been fixed up and the owners – for whatever reason need to sell.  These Sellers tend to be reasonable with their prices and would rather take a loss on their upgrades than continue owning something they don’t want anymore.

Look at the “AS-IS” homes.  You can find some great deals on estate properties or homes where the Seller is already taking a loss and doesn’t want to fix anything.

Has the price of the home dropped once or twice, been listed with a couple different real estate companies or been on the market a really long time?  My thought is – the longer on the market,  the better! Eventually these folks will just simply get tired of owning a home they don’t want or of playing the pricing game and that has all the makings of a great deal!

Hopefully these tips will help shift your focus of what a good deal is – so you can get one!

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.BuyMyTucsonHome.com.  

                                    

 

This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle (Kamahele) Rhind – 2009. If you want to reprint parts of this – just email me for my permission: TucsonsRealEstate@gmail.com.

How To Get A Great Deal When Buying A Home

How To Get A Great Deal When Buying A Home

How To Get A Deal When Buying A Home In Cleveland

Let’s face it, everyone wants a deal when buying something, especially when it comes to a big ticket item like a home.  This post is for all the buyers out there that have been waiting for the right “deal” to come along, yet haven’t been able to make a final buying decision. 

We must warn you though that we’re not going to describe some crazy revolutionary 3 step program on how to buy a home on the cheap, like you may see some supposed “guru” do on late night tv.  However, we will give you some cold hard facts about the current market and a simple yet startling answer to this question at the end of this post ( yes, you must read this to get our answer ). 

To start, here are some things we know about the current real estate market:

1.     The entire real estate market is on sale right now. Based on reports from all the leading economists, the consensus is that the market has been depreciating and that many communities have seen home values go down to levels not seen in 5-10 years.  While we won’t know until after the fact when the real estate bottom occurs, most markets are at or near the bottom, with some actually on the rise.

2. Mortgage rates are still at historic lows. With interest rates hovering at around 5%, money is cheap and buying a home has never been more in a buyer’s favor.

3.     The Federal Tax Credit is in effect and will expire on June 30th. First-time buyers are eligible for up to $8000 and move up buyers can receive $6500 as well. In an unprecedented move,  the Federal government is actually paying people to buy homes, but you must be under contract by April 30th 2010 to qualify.

4.     Other items related to home buying are also being heavily discounted. When someone buys a home, a new car, furniture, electronics, and home improvements usually follow. As good fortune would have it, all of these things are “on sale” as well.

5.    The winter months bring great buying opportunities. Many homes currently listed have been on the market for a long time and sellers are anxious to sell soon before the spring, when the market will become flooded with new inventory, thus new competition.

So, with low home prices, low rates, motivated sellers, AND a large check from the government waiting for you, the answer to the question ” How To Get A Great Deal When Buying A Home” is this:

BUY NOW!!!!!

Simple, understated, yet obvious. There has never been a better time to buy a home. So what are you waiting for? Don’t let the best buying opportunity in generations pass you by.

 

*********************************************************************************************

About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty. The Schumans service both the East and West sides of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

If you are looking to buy or sell Cleveland real estate, including the surrounding suburbs, please contact the Schuman Team at 216-346-3235. 

SEE ALL CLEVELAND AREA HOMES FOR SALE BY CLICKING BELOW:

view all Cleveland luxury homes

 CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

How To Get A Great Deal When Buying A Home is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan 2010 

1,000 Ways To Pick The Right Realtor

This post is courtesy of Greg Nino, a top real estate agent servicing the Houston, TX area.

Via Greg Nino Houston Texas (RE/MAX West Houston Professionals):

This will be the first of many public blogs to come. The story will be 1,000 ways to pick the right Realtor. This is pretty simple. Number 1,000 comes with an added bonus, but you’ll have to stick around to find out what it is. Here we go.

 

1. If a Realtor starts out by showing you a picture of themself in any magazine, walk away. Most Realtors will pay top dollar “to have their names in the lights.” They love to impress themselves and most importantly, other Realtors. They assume this type of advertising provides them instant credibility with you, the consumer. Ego advertising is for the ego, nothing more.

2. Don’t assume an “OLDER” Realtor is one that is wise about selling homes. Most agents I know get into real estate after finishing a career in something entirely different. It’s a popular “second” career and even hobby for many folks. Again, just because she’s 60 doesn’t mean she’s more experienced than me.

3. Many new agents and even experienced agents feel it necessary to buy a car they can’t afford. Don’t assume A LOT when you work with a Realtor. Instead, ask dozens and dozens of questions. If a Realtor drives a 65k BMW, but wears stretchy polyester pants from Sears than you have to wonder if the agent is just pretending to be successful.

4. Do try to annoy your Realtor with questions when your first meet them. You’ll figure out there temperament level quickly. Many agents boast about their ability to “provide excellent customer service.” For fun, repeat yourself a few times to see if they start getting pissy. I love when prospects DRILL me. I love it because I know other agents won’t be as patient.

5. If your Realtor starts the conversation out with.. “I’ll reimburse you part of the commission or I’ll list your home for almost nothing” then you need to hide from them. Odds are they sleep in that expensive BMW at night. They probably are starving financially and are reduced to trying to BUY their buyers and sellers. You do get what you pay for in this business.

6. If a Realtor agrees with all that you say, find a new one. Your shadow is more competent than a yes man.

7. Don’t assume a Broker has more negotiating skills than a Salesperson. A salesperson is a regular Realtor without a Brokers license. Brokers usually market the office, recruit new agents and are very busy doing “other things” besides selling real estate. This isn’t to suggest that all Brokers are out of touch when it comes to working with buyers and sellers on a day to day basis.

8. Don’t pick the Realtor your boss suggests, especially if it’s his spouse.  If “that” Realtor sucks, you’re going to really be in a jam. Instead, say thank you, but no thank you. Your boss will respect your candor, not look down on you for choosing elsewhere. If you’re working with a relocation department then it may be a different story.

9. Many agents have a website. Ask for it. The website can say an awful lot about that individual. 

 

See you next week.

 

 

Orange Real Estate – 2009 Year End Home Statistics

Orange Real Estate – 2009 Year End Home Statistics

 

Orange Village Gazebo

 

 

Here is our official 2009 Orange Real Estate year in review complete with a comparison to 2008.  

All Sales           # of homes sold         Ave. Sales Price              Ave. Days on Market 

2009                        42                        $259,121                             100  

2008                        37                        $301,994                              90

Highest Sale = $750,800

Lowest Sale = $87,500

Commentary:

Overall, it was a mixed year for Orange real estate. We did see more homes sell in 2009 but at a lower average sales price. The main reason for this is due to the sale of so many homes under $200,000. A few years ago, buying a home in Orange for under $200,000 was rare. Even in 2008, we had only 8 home sales under the $200,000 price point. However, 2009 saw 16 sales in this price range, due in large part to distressed properties. The economy has had an affect on all of the suburbs, including Orange.

In terms of Orange luxury homes, those priced over $500,000, we saw an equal amount of sales in 2009 ( 3 ), as in 2008, so the news in this market is not too discouraging.

Moving forward, we believe we’ll see an increase in the amount of homes that sell in Orange this year, with the average sales price either remaining the same or increasing slightly. There will still be a large number of sales in the lower price points, and we expect to see the Orange luxury home market increase as well as buyers take advantage of the move up tax credit and stabilizing economy.

Below are other articles of interest relating to Orange home statistics:

2008 Year End Home Statistics

2009 Third Quarter Market Report

2009 First Quarter Market Report

Orange Schools Make Newsweek’s Tops List

**********************************************************************************************

About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty. The Schumans are experts in the Cleveland Ohio real estate market and specialize in luxury homes, home staging, and working with buyers relocating to Cleveland.

If you are looking to buy or sell a home in  Orange or the surrounding Eastern suburbs, please contact the Schuman Team at 216-346-3235. 

VIEW ALL ORANGE HOMES FOR SALE BY CLICKING BELOW:

search all orange homes here

 CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Orange Real Estate – 2009 Year End Home Statistics is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan,2010

Wordless Wednesday – You’ll Get A “Kick” Out of This

 

Cleveland newest 2nd degree black belts

 

Cleveland’s Newest 2nd Degree Black Belts!

Cleveland Ohio Real Estate – Tips When Selling A Home In The Winter

Cleveland Ohio Real Estate – Tips When Selling A Home In The Winter

winter home selling

For a variety of reasons, many home owners here in Cleveland have decided to put their home on the market during the winter months. With cold temperatures and an abundance of snow, we have decided to give some tips that may help you with your home sale.

1.     Always keep the driveway plowed – While this may seem like common sense, a poorly plowed driveway is a negative first impression for a buyer.  Equally important is making it easier for the buyer and their agent to get into the home.

2.     Keep walkway clear and ice free – Efforts should be made to make sure the path leading to the entrance of the home is clear. This serves mulitple purposes. Most important, as mentioned in #1 above, it is part of the first impression. Also, you want to avoid someone slipping and falling while trying to get into your home.   A clear drive and walkway also mean less snow being brought into the home, a major plus for the homeowner.

3.     Have plenty of rugs/towels available in entryway – This is ideal to eliminate snow being brought into the home. While many homeowner typically keep a mat or rug in the entryway of their home year round, adding additional reinforcement would be a good idea. We also recommend having a place to keep boots as well.

4.     Keep the home warm – While many sellers may turn down the thermostat while they are out of their home, keeping a home nice and warm during showings is a must. You want a buyer to feel comfortable in your home, and having it cold could also send signals that the home is not well insulated.

5.     Have summer photos available – Your home looks totally different when the ground is covered with snow and it is often difficult for a buyer to envision what the yard looks like. If possible, have photos of your home available for buyers to see what it looks like when everything is in bloom.

There are many advantages to selling your home during the winter, including less competition and being able to market to more motivated buyers ( who else is trekking through the cold and snow to see homes ). So if you are going to sell in the winter, make sure to take the necessary steps to make sure a buyer has a positive experience in your home. 

************************************************************************************************

About The Authors:

Dan and Amy Schuman  use their home staging expertise to sell listings quicker and for more money. If you are looking to buy or sell a home in the Cleveland area, please contact the Schuman Team at 216-346-3235. 

VIEW ALL CLEVELAND AREA  HOMES FOR SALE BY CLICKING BELOW:

view all area homes

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE


Cleveland Ohio Real Estate – Tips When Selling A Home In The Winter is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan,2010