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buying a home: Multiple Offers Are More Common Than You Think - 05/22/12 07:28 AM
Bidding wars are taking place more frequently in today's market, a sign of improving conditions. As we start to see more buyers fighting over the same home, we offer words of caution and some helpful advice.
For those not familar with the term, a "multiple offer" situation or "multiples" in real estate lingo, occurs when more than one buyer is attempting to purchase the same home at the same time. This happens not only on homes that are new to the market, but also to homes that have been sitting for a long time.
The important point we want to … (19 comments)
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buying a home: Taking The Stress Out Of Home Inspections - 04/13/12 04:40 AM
The home inspection in an important step of the buying process and will often make or break a sale. Today we will share some thoughts that will hopefully put things into perspective and help guide you through it.
First and foremost, we highly recommend all buyers have a home inspected by a professional. That being said, we caution buyers to have realistic expectations on what they are looking to accomplish here.
The past few years have seen the inspection process turn into round two of negotiations. Buyers have gotten a little out of control and seem to be asking for sellers … (9 comments)
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buying a home: It's Not The Market, It's Your Agent - 09/23/11 08:58 AM
It's Not The Market, It's Your Agent
All agents are not created equal. Selling real estate is more than just marketing a home and showing people houses. It takes an agent with a specific skill set to get the job done right, especially in today's challenging market.
The wrong agent will cause havoc throughout the entire process. They give bad advice, alienate other agents, and can end up becoming a major liability. Sometimes they are the main cause for a deal to fail.
While there are a lot of great agents in every market, there are a few bad apples that … (8 comments)
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buying a home: How To Choose A Neighborhood - 06/28/11 09:29 AM
How To Choose A Neighborhood - Originally posted at Cleveland Real Estate Blog
In a recent article titled, what’s more important the home or the neighborhood, there was critical discussion on how both were extremely important in their own ways. Today, we are focusing on how to choose the right neighborhood.
STEP ONE - DEFINE YOUR IDEAL NEIGHBORHOOD There are a lot of things to think about when picking out a neighborhood. Here is a good exercise that should help out:
Think about all the things that are important to you and write them down. Include a … (9 comments)
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buying a home: How To Avoid Losing Out On The Home Of Your Dreams - 06/14/11 09:16 AM
How To Avoid Losing Out On The Home Of Your Dreams - Originally Posted at Cleveland Real Estate Blog
Here’s a situation we see all the time. After looking at a ton of homes, a buyer finally finds one they really like. I mean they just love everything about it. Instead of writing an offer though, they decide to wait and end up losing out on the home. We would hate for this to happen to you, so hopefully the following post will give you some sound advice.
THIS ALMOST HAPPENED TO ME When my wife Amy … (14 comments)
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buying a home: 5 Advantages To Buying A Home In The Winter - 12/16/10 04:10 PM
5 Advantages To Buying A Home In The Winter
So Winter is now upon us, and the last thing many people want to do is venture outside to look at homes. "I'll just wait until Spring" you say, but not so fast. Buying a home in the winter actually has its advantages. Here are just a few things that come to mind:
1. Let's Make A Deal! - While most people would prefer not to look in the winter, this is when opportunity strikes and deals can be had. With less showings, motivated sellers realize that offers … (7 comments)
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buying a home: What Is More Important, The Home Or The Neighborhood? - 11/24/10 02:01 PM
What Is More Important:
The Home OR The Neighborhood?
We just had a rather healthy debate with some other agents about this topic. We were asked in a group setting what is more important to today's buyers, the home or the neighborhood ( we couldn't answer both ).
While it's hard to make a blanket statement, based on our personal experience, many of our buyers seem to be focused on the "home". Maybe even a little too much.
In today's market, we understand that buyers "want it all" when it comes to finding a home. The home has to look … (13 comments)
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buying a home: For Sale By Owner Horror Stories - 11/10/10 08:27 PM
For Sale By Owner Horror Stories - Originally Posted at Cleveland Real Estate Blog
Buying a home is a complex transaction and involves an element of risk. There is even greater risk and increased frustration when someone buys a home and no real estate agents are involved. This post shows real life horror stories from buyers who bought a home without using an agent.
To begin, I understand that some sellers decide to sell without using an agent, and that is certainly their right. However, I do feel strongly that a home buyer is doing themselves a huge disservice by working directly … (7 comments)
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buying a home: Cleveland Ohio Real Estate: Buying A Home - How Long Home Components Should Last - 05/18/09 08:23 AM
When buying a home, it is important to learn as much about the homes you are viewing, especially ones you really like. This way, you can know expectations up front when you decide to move forward with buying a particular home.
Knowing the age of home components can help you with budgeting for future updates and repairs. The following is a list of life expectancies of certain home components. Keep in mind that these figures are merely averages. If the seller of a particular property does not know how old a certain items is, a home inspector may be able to tell you.
LIFE … (8 comments)
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buying a home: Real Estate In Cleveland Ohio: Buying A Home - How To Choose A Neighborhood - 04/01/09 06:51 PM
CHOOSING A NEIGHBORHOOD
There are many factors to consider when determining if a neighborhood is right for you. Here are just a few factors that you may want to consider during your home search.
All neighborhoods have different characteristics. Some appeal to single people, some to families, and some may even be more suitable to those over 55. So before you choose a neighborhood, you need to do a little investigative work to determine if a neighborhood matches your lifestyle.
SCOUT OUT THE NEIGHBORHOOD:
You need to see a neighborhood in person.
Although the Internet is a great way to learn about … (5 comments)
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buying a home: Solon Ohio Real Estate: Home Buyers List of Things To Avoid When Getting A Loan - 03/12/09 02:01 PM
THE TEN COMMANDMENTS
When Applying For A Real Estate Loan
Whether you are buying your first home, moving up, or downsizing, you will more than likely need financing to assist in your purchase. Here is a list of things to AVOID when applying for a real estate loan.
1. Thou shalt not change jobs, become self-employed or quit your job.
2. Thou shalt not buy a car, truck, or van ( or you may be living in it !)
3. Thou shalt not spend money you have set aside for down payment and/or closing costs.
4. Thou … (0 comments)
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buying a home: Move-up Buyers - Buying Up in A Down Market Can Make Sense - 03/06/09 03:10 PM
BUYING UP IN A DOWN MARKET
Many current homeowners have recently seen their housing needs change. Perhaps they have a child getting ready to start school in the fall, or maybe they simply need more space. Whatever the reason, if your goal is to move into a more expensive home, don't let the market scare you from moving forward.
With local real estate here in Cleveland on a slight downward trend, buyers can take advantage of very attractive home prices. However, for a lot of move-up buyers, the thought of selling their current home during a declining market makes them uneasy. The Schuman … (31 comments)
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buying a home: Schuman Team Buyer Tips - Tax Credit To Assist Buyers - 03/06/09 10:58 AM
TAX CREDIT TO ASSIST FIRST-TIME BUYERS
The recently enacted tax credit will allow more first-time buyers an opportunity to make their dreams of home ownership a realty.
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
Here is some specific information on the $8,000 Home Buyer Tax Credit:
The tax credit is for first-time home buyers only. The tax credit does not have … (2 comments)
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buying a home: The First Step To Buying a Home - Get Pre-Approved For A Loan - 02/19/09 11:51 AM
With talks of low interest rates, tax credits, and favorable home prices, many people here in the Cleveland metropolitan area are beginning to think about buying a home. Whether you are buying your first home, you are a move-up buyer, or are downsizing, having your finances in order is the essential first step prior to beginning your home search.
Many people, especially first time buyers, begin the process of buying a home by looking at homes, not only on the Internet, but also in person. While looking at homes is fun and exciting and certainly a big part of the home … (8 comments)
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Dan and Amy Schuman- Cleveland OH Luxury Real Estate
Solon,
OH
More about me…
Howard Hanna Real Estate Services
Address: 28879 Chagrin Blvd, Cleveland, oh, 44122
Office Phone: (216) 831-0210
Cell Phone: (216) 346-3235
Email Me
Welcome to our Active Rain blog, a platform we use to communicate to buyers, sellers, and other real estate professionals. We cover topics relating to real estate but discuss other subjects as well, including our local area, Cleveland, Ohio. We want everyone reading to come away feeling that the time spent here was worthwhile. Thank you for visiting our blog.
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