Greater Cleveland Real Estate Blog

Lyndhurst OH Real Estate News - Thinking of seeing houses in Lyndhurst this weekend? Plan to come to our Open House at 4837 N. Sedgewick Rd. this Sunday, March 25 between 1 pm and 3 pm.

It's a very interesting Real Estate market here in Lyndhurst OH.

As of 03/23/12, there are 183 houses and condos offered for sale. Prices vary from $35,000 for a small 3 bedroom bungalow located at 1507 Biltmore Rd,  Lyndhurst, OH  44124, which is Short Sale, to $889,000 for the incredible penthouse at 5150  Three Village Dr #PHB-L,  Lyndhurst, OH  44124.

Buyers activity is pretty high:  77 properties sold in Lyndhurst OH during last 6 months, and 41 Lyndhurst homes and condos are currently under the contract. Hopefully, there will be even more sales during the high selling season.

If you are on the market now looking for the nice affordable home for you and your family, please don't hesitate to visit our Open House this Sunday.

Can't do it on Sunday? No problem! Call 877-770-5551 ext 801 and set up your private tour with Svetlana Stolyarova.

4837 N Sedgewick Rd., Lyndhurst, OH 44124 For Sale $109,500 For more photos and detailed information, please visit: www.LyndhurstHome.com      Home    Full Details    Photo Tour    Print Brochure    Property Map    Area Schools    Schedule a Showing    Email Property Info    Mortgage Calculator    Lyndhurst    Featured listings    About Me    Contact Me    Local-n-Global Weather    Ask Svetlana. Let's Blog! Lyndhurst house is move in ready . Perfect location in the heart of popular Lyndhurst. Very quiet street, within a short distance to the best shopping areas in Greater Cleveland, close to major highways, restaurants, medical facilities, parks, museums. Wonderful ranch style home is ready for new owners. It is a very clean, fresh, spacious home with newer windows, young roof, today's colors, neat kitchen with all appliances, full finished basement and attached 2-car garage with Naturestone floor. Gorgeous Living room adjacent to the dining area, three bedrooms, one full, one half bathroom and a shower in full finished basement create a very nice space for living, entertaining with guests and family, and enjoying beautiful warm evenings outdoor. If you need a nice, warm, ready to move in home conveniently located in the vicinity of major Cleveland hospitals, Universities, business district, shopping, entertainment and accessible via highway, please don't doubt and call for showing any time. Just dial 877-770-5551 ext. 801.   www.LyndhurstHome.com   Features Bedrooms: 3 ++ Bathrooms: 2 1 full 1 half Area: Lyndhurst Style: Ranch Sq. Ft.: 1,424 Lot Size: .20 acre Year Built: 1956 Svetlana Stolyarova Broker Local-n-Global Realty Office: 440-247-5388 Mobile: 216-548-HOME(4663) Email: Realty@Local-n-Global.com Website: Local-n-Global.com 24 Hrs. Hotline: 877-770-5551         Powered by AgencyLogic

Follow The Money. What Investors Buy in Greater Cleveland . 

Cleveland East Side.

Cleveland is a new Mecca for smart Real Estate investors. I am talking about smart investment, made for profit, not for pleasure :-). Unfortunately, we witnessed too many not so smart decisions and too bad consequences of not too smart decisions made by some of Real Estate investors in Cleveland in the past, up to the loss of the property to foreclosure.

What exactly today's smart Real Estate investors do?

- Analyze the market

- Strategize (short term or long term - rent or flip? whom to target as your tenants or buyes? )

- Set the goals

- Underdstand and assess right investment budget: acquisition costs, Point of Sale responsibilities, remodeling costs, marketing costs, holding expenses (property taxes, proper insurance, local government registration fees, exterior maintenance, utility bills), legal fees, other professional fees (Real Estate brokerage or property management, accounting, banking)

- Plan right

- Buy at the right price and conditions

- Hire the right crew to do the repairs or remodeling, if needed.

In most cases investors chose to buy for a long term and rent out the properties, in some cases with option to sell the house to the tenants. The reality of today's Real Estate market in Greater Cleveland is that cost of ownership is much lower than cost of renting the property. At the same time rental demand is very high.

Sounds tempting, doesn't it?

Do your research, investigate pros and contras, count your money and assess your time and skills - these are great assets! Then chose carefully with whom to work, and - have a great investment!

You may start searching homes right here. We prepared for you a special search for all bank owned and HUD owned properties on Cleveland East Side.

Just click on the picture above and start your property search. With any questions, please call immediately 877-770-5551 x 801.

Pick our expertise in helping tens of investors to successfully buy and rent out their properties.

Pepper Pike OH Real Estate.

Pepper Pike is a very desirable destination for many home owners and for those who want to buy a house and settle in this city.

Winning location, proximity to major highways, hospitals, shopping centers, restaurants, entertainment, parks, places of worship and cultural centers of Cleveland make it very popular. Orange Schools System is one of the best in Greater Cleveland. It's been recognized Statewide and nationally.

No wonder that we have a very good market activity on Pepper Pike Real Estate market.

As of April 4, 2010:

Total of 62 houses are currently offered for sale in Pepper Pike OH. Prices vary from $174,900 to $1,895,000.

7 houses are under a contract.

During last 12 months we had 81 houses sold in Pepper Pike OH.

The most popular price category was between $200,000 $400,000. 21 houses sold in this price range. We have currently 15 houses priced below $400,000 in Pepper Pike.

Local-n-Global Realty offers a special search for those who want to buy in Orange School District.

Great Home in Pepper Pike OH For Under $300K

Overview Maps Photos Features Description Neighborhood

$299,900 Single Family Home For Sale Main Features 5 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 2820 sqft Lot: 0.95 acre(s) Location 2643 Windy Hill Dr. Pepper Pike, OH 44124

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Svetlana Stolyarova Local-n-Global Realty (440) 2475388 Realty@Local-n-Global.com http://www.Local-n-Global.com Listed by: Local-n-Global Realty

Our recent listings Updated and comfortable home in Mayfield Heights Best Price in The Best Neighborhood of Shaker Heights Great Home in Pepper Pike OH For Under $300K Willoughby OH Condo at its best Updated ranch in Brandywine Preserve - better than new! Subscribe to our listing feed

See more Pepper Pike, OH real estate for sale

We just listed this very nice house in Pepper Pike. Motivated sellers are offering it for under $300,000!

Is the First time home buyers tax credit under-promoted?

Being a Real Estate broker in Cleveland OH, I can not tell for sure that First time home buyers tax credit of 2009 has been triggering the sales in our area. We have a very decent sales activity in Greater Cleveland, however many of the first time home buyers made their decision based on their needs and ability to buy, not on availability of $8,000 (or 10 % of purchase price).

I still think that it was not enough promotion of this tax credit to potential buyers.  Just compare Cash for Clunkers campaign and First time home buyers tax credit. Have you seen on TV any home buyers tax credit advertising? Have you seen testimonials from happy new homeowners who have already received this money? Where are all these happy stories?

      We, the Real Estate professionals, overestimate availability of information about the first time home buyers incentive. We think that if we know a lot about it, it automically makes our clients informed, too.  That is wrong!

People are underinformed and confused about this great incentive! Few of my clients this year got information about this credit from me, not from the government or newspapers, and only after they've actually been involved in home buying process! I keep receiving calls and e-mails from potential home buyers who sincerely think that it's too good to be true and can not believe that it's about real money.

We had few excellent posts here on Active Rain about controversy of the First time home buyers tax credit. Although I agree with the concerns about over-spending by our government and especially regarding the dangers of welfare mentality, I still think that this tax credit can make more good than harm to our economy. The problem is that $8,000 Tax credit has been promoted more among the professional audience than among the potential recipients of this credit.

Sure, we, the REALTORS(R), do a lot to spread the word about its benefits, which sometimes creates a false idea that we are the only ones who are selfishly interested in such incentives.

Working mostly with moving-up clients and with the investors, I personally did not have a privilege this year to help too many first time home buyers. I know for sure out of my little experience that those few clients of mine who have already received money from the government, used this money mostly for home improvement and for making their new homes beautiful. Did tax credit money help to do all these purchases and improvements? The answer is YES!

I agree with those who support the idea not to let the Tax credit expire on November 30, 2009.

What do you think?

Motivated seller offers the great buildable land in Walden Farms of Aurora, OH.

There are only a few home sites left in Walden Farms. Build your dream home and enjoy the luxuries this development has to offer.

This perfectly buildable lot perches high and offers spectacular canyon westerly views of five cities. 180 degrees of rural setting. You won't find better sunsets anywhere else in NorthEast Ohio!

That's a great opportunity to build a home and become a part of a private development that features fine custom built homes that range in price from $575,000 to well over $1,200,000. This area is one of the best kept secrets in NorthEast Ohio.

SL 97 Bonnie Ln. Aurora, OH 44202

For Sale $140,000

Area: Walden Farms Style: Buildable land Lot Size: .46 acre Motivated sellers. Reduced down to $140,000! BRING ALL OFFERS. Land in Walden Farms of Aurora is now offered for sale for $140,000. Two adjacent lots are available, too. Tremendous opportunity to build your dream home in Aurora and surround yourself with privacy and comfort. Hurry! There are only a few home sites left in Walden Farms. NO association dues or condos. Build your dream home and enjoy the luxuries this development has to offer. Close to everything yet nestled in the country. This perfectly buildable lot perches high and offers spectacular canyon westerly views of five cities. 180 degrees of rural setting. You won't find better sunsets anywhere else in NorthEast Ohio! This is one of the largest lots and it is fully improved with sanitary sewers, underground utilities, and gas. That's a great opportunity to build a home and become the part of a private development that features fine custom built homes that range in price from $575,000 to well over $1,200,000. This area is one of the best kept secrets in NorthEast Ohio. The tranquility of the rural atmosphere in Walden Farms and elegant simplicity of custom built homes reflect the unique character and integrity of Walden residents. The whole neighborhood enhances the natural wonderland. Breathtaking sunset views from the privacy of your own dwelling bring you a sense of happiness and integrity. Dream life in a dream neighborhood!    Home    Full Details    Photo Tour    Print Brochure    Plot Map    Property Map    Area Schools    Schedule a Showing    Email Property Info    Mortgage Calculator    About Me    Contact Me    Census Information    Area Amenities    Let's talk Real Estate!    877-770-5551 blog    Cleveland Real Estate    Start MLS serach here!    Evaluate your house    Compare Communities    Video tour Svetlana Stolyarova Broker Local-n-Global Realty Office: 440-247-5388 Mobile: 216-548-HOME(4663) Fax: 440-247-8365 Email: Realty@Local-n-Global.com Website: Local-n-Global.com

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Market analysis reports peparation and interpretation is important part of our job as Realtors(R). We work hard to present the best interests of our clients who buy or sell houses in Solon, Twinsburg, Pepper Pike, Aurora and other suburbs of Greater Cleveland.

That's not a big secret that owners of Solon homes located in Thornbury, Signature of Solon, Chagrin Highlands lost a lot of equity due to high rate of foreclosures and short sales of the houses built after 2000. Sad for the sellers, this situation create an incredible opportunity for the buyers of Solon homes. While foreclosed houses may require substantial investments in repairs, short sale may be a real find for the qualified and patient buyers.

Accurate analysis of market conditions is crucial when you submit the offer to the bank for an approval of a short sale. I've just completed and submitted to the bank the Market Condition report on behalf of my selling clients. Numbers look so interesting that I decided to build a graph and share it with you.

It looks like we hit the bottom here in Thornbury and Signature of Solon. Is it a trend or just co-incidence? No matter what, if you want to find a real Deal in Solon, please be prepared and ready to act quickly. It's a lot of motivated, ready and willing buyers here in Solon who want to get an advantage of reasonable prices, low interest rates and good inventory.

Have a great house buying season!

Need a good home in Solon?

Want to buy with confidence?

Please call Svetlana 216-548-4663 or e-mail to: Realty@Local-n-Global.com.

Real Estate Sales statistics is one of the most powerful tools good Real Estate agents use. Thanks to strict rules and members' being mostly responsible, we have a real solid data in our local MLS data base.

About a year ago I published the historic sales statistics for few Greater Cleveland suburbs: Twinsburg, Mayfield Heights and Solon. As we have sales data for the whole year of 2008 now, it's interesting to see how these great cities were doing. 

Let's start from Twinsburg Real Estate. Was 2008 a real bad year for  this young, dynamic, growing city?

Yes, number of units sold sales dropped in 2008 in comparison with 2007 about 25 %. However, statistics for the whole Summit County is much worse. According to data provided by NORMLS and Realist tax data services, Summit County lost about 35 % of sales in 2008 comparing to 2007. Twinsburg is still very popular city and desirable destination for many young professionals, families with children and retirees. Twinsburg Schools system is doing great.

Let's look at it from another angle. Average Sold price was relatively stable for Twinsburg during last five years. Buyers paid respectable $210,341 for the average home in Twinsburg in 2008, which is about 7 % lower than in 2007. Average sold price for Summit County  was $130,500 for single family residence and $130,000 for condominium. However, it's more relevant to compare sold prices in Twinsburg and in its neighbor Solon.

Solon's statistics is great in terms of units sold. Buyers of homes in Solon purchased 262 units in 2008 in comparison with 245 in 2007. However, average sold price was $326,776 in 2008 while it was $368,829 in 2007. Impressive almost 13 % loss.

The only sector of Twinsburg Real Estate which is losing its positions is Condominium sales. Condo prices dropped from $172,587 in 2004 to $144,427 in 2008. Buyers paid $160,132 for average condo in Twinsburg in 2007. Unfortunately, condominiums in Greater Cleveland are keeping to be the biggest losers. 

Market for single family homes in Twinsburg, especially for houses built in 1995 and later is still very stable and good. 67 single family homes built in 1995 and later were purchased in 2008 for average price of $284,861 which is slightly lower than in 2007. Just look at the data for the similar houses sold in previous years:

2004 - $300,822; 88 houses sold

2005 - $289,000; 74 houses sold

2006 - $303,550; 75 houses sold

2007 - $306,028; 78 houses sold

2008 - $284,861; 67 houses sold.

As we see pretty high buyers' activity in Twinsburg in January of 2009, I think this year promises to be not bad at all.

Need to sell your home in Twinsburg or Solon?

Please call Local-n-Global Real Estate Hotline 877-770-5551.

You may call Svetlana Stolyarova directly 216-548-4663.

Ten years and three days ago the airplane with my family landed in Chicago's O'Hare airport. We entered the United States with eyes wide open, open minds and desire to explore and absorb the American spirit. We came here from Moscow - the capital city of Russia, former USSR. We were neither too young, nor naive. We lived under Communists, we enjoyed the freedom of the first years of romantic post-Soviet capitalism followed by not-that-enjoyful power of bureaucratic state oligarchy. We believed in America. We still do.

I earned my Real Estate sales license in less than a year after arrival to the United States. My choice was clear: we needed to explore and understand the core rules of American life. The core was in the homeownership - genuine American Dream.

I was always fortunate to meet right people in my life. My new American friends and colleagues were all the right people. My neighbors Jean and John welcomed us to our first neighborhood (we still live on the same street). Annual neighborhood parties held on the third Sunday of August by friendly neighbors. Beauty and magic of Holiday decoration created by regular people not because the City officials demand it (like it was back in Russia) but solely because of love and joy.

My first office and my first broker - amazing Barbara Antonelli who taught me the REALTORS' Basics and encouraged my creativity. Patience of my first clients who appreciated my enthusiasm, professional habits and ability to learn  while suffering from my not so perfect English. Thanks to all of them, I made it to become a Millionaire Club member that year.

I remember very well that many of MLS descriptions said: Pride of homeownership! Pleasure to show! It was then - in Before-the Crisis life. It was custom to be proud homeowner. It paid well to be proud homeowner.

Not now. Few days ago Liz Pulliam Weston from MSN Money published the article Is your home worth keeping. Normal for today's crazy world article with "sound" advice on how to not only abandon your American Dream but also capitalize on this!

Author writes: "I was furious the first time I read about homeowners living for free while their lenders foreclosed, a process that can take up to a year. It seemed dishonorable to stay in a home you weren't paying for. But again, in purely financial terms, it made sense, since people could save up the money they had been spending on mortgage payments, property taxes and insurance."

How come that "purely financial terms" are overcoming pride, honor, dreams? How's come that Big Brothers - whoever they are - banks, Wall Street rulers, or government,  started encouraging people to take unreasonable loans against artificially overappraised properties while easing the process of bankpupcy. How it became possible to allow lending to these bankrupts in 24 months (!) after bankrupcy discharge?

What's behind the banks' decision to allow the short sales mostly on the properties with delinquent payments? What about one of the "Stimulus" gems - right to restructure the loan ONLY if you are 3 months late on payments? Looks like more and more people are asking the same question: Are we idiots to make mortgage payments? See how many benefits and help come to those who don't make it. The whole system works to assist those who don't pay! 

Happily for this great country, not everyone is thinking "in purely financial terms."

I do believe in America! I am blessed to know and work for many, many people who are proud to be responsible, honor-bound homeowners. I do believe that honor and pride are not extinct, not even eroded despite the efforts of those who used to think and act "in purely financial terms".