Good news for Greater Cleveland is that we have a big pool of domestic and internationl investors interested in buying Greater Cleveland Real Estate. Smart investors are attracted by low housing prices, steady rental market, great projects to revive Downtown Cleveland, including The Euclid Corridor, University Circle, Cleveland State University.

The perfect strategic location, Lake Erie with a huge supply of fresh water, great transportation system, deep cultural traditions, rich multilingual and multicultural communities, top hospitals like Cleveland Clinic and University Hospitals, excellent educational opportunities, lovingly cared metroparks - all these features attract more and more people to invest in Cleveland.

I would celebrate this if it were not a huge concern over the way how people do their investments and what areas and properties they chose to invest into.  My concern is based on multiple calls and e-mails which I receive every day from potential or actual investors from all over the country and from overseas.

WARNING! It is dangerous for your money and well being to invest into properties which you've never seen before closing the deal. Even and Especially if you work with different investor's gurus who are not the REALTORS!

I feel sorry for people who base their decision to pay for investment (mostly - in big need of rehab) property certain amount of money based on tax assessed value or on Zestimates. It may look like a great deal from New York or California prospective BUT IT"S NOT!

So, I decided to start the series of simple rules for distant investors .

Rule # 1:

Work with trusted REALTOR. Good local REALTOR will be the best source of real information about the market condition, about the neighborhood, trends and development. Don't try to save on Market analysis! It may cost you much more than initial few hundred dollars.

Rule # 2:

Do your homework! Don't limit your homework to browsing the home evaluation portals. You may better order a complimentary Home evaluation at Local-n-Global.com which is based on up-to date information from the most trusted source - local Realtors.

Rule # 3:

Free cheese is only in the mousetrap! When the deal looks too good to be true, it sure is not that good. There is no such thing as a miracle on the market. Do the reality  check! If the new house is listed on public site for $1, it means only that this house is going to go to the auction. More likely, the selling price will be close to real and far far away from miracle $1. You have right to be presented by your REALTOR at the public auction.

 Need to sell or buy your Real estate in Greater Cleveland?

Call Local-n-Global Realty: 216-548-4663

E-mail to: Realty@Local-n-Global.com