Greater Cleveland Real Estate Blog

Mayfield Heights OH - Open House.

I am glad to announce that the house at 1304 Golden Gate Blvd. in Mayfeild Heights OH, which is listed by Local-n-Global Realty will be Open this Sunday, August 30 between 12 and 2:00 p.m.

Price Reduced! Mayfield Heights OH Home is now offered for $164,900. Offers are welcome by motivated sellers.

If you are thinking about moving to Mayfield Heights OH I encourage you to pay attention to this nice 3 bedrooms, 1 1/2 bathrooms split level home.

Golden Gate neighborhood of Mayfield Heights OH is familiar to everyone  who has been shopping at Best Buy and Costco. Residents and guests of Mayfield Heights OH like this well established neighborhood with meticulously cared lawns, beautifully landscaped front and back yards and well maintained homes. 

Dear home buyers! Please plan to visit Open Houses at Golden Gates neighborhood of Mayfield heights OH. Few homes will be Open at the same time between 12 pm and 2 pm. You will have a chance to get familiar with the neighborhood and all the houses which are currently offered for sale.

Affordability of these nice homes make them attractive to first time home buyers. If you did not own your primary residence within last three years AND buy the house or condo prior to November 30, 2009 you may be eligible for up to $8,000 First Time Home Buyers Tax Credit.

First time home buyers are welcome to visit our Open House in Mayfield Heights OH!

If you need to buy a Mayfield Heights OH home or condo, please call us immediately. We can be reached 24/7 at Local-n-Global Real Estate Hotline 877-770-5551.

How to sell a house in Mayfield Heights OH for top dollar?

We've already discussed how to Evaluate your position on Mayfield Heights OH Real Estate market in our first article in this series.

Few good reasons to Evaluate yourself as an owner of Mayfield Heights house have been listed in the second post.  

Let's discuss the winning pricing strategy. Your goal as the owner is to sell your Mayfield Heights OH Real Estate for as much as possible on today's market. 

What should you and your Real Estate agent do in order to define the right pricing strategy?

• Remember: it's still the Buyer's market no matter how active it is.
• Get and evaluate info about prices of sold properties in Mayfield Heights OH.
• Know your competitors! The best way is to see what the other home sellers in your neighborhood are asking for their homes and preview their houses. You can visit your competitors' Open Houses. You can ask your agent to preview these houses for you.
  
• Look at your house from the BUYER's point of view. Do not expect the new generation of buyers to be driven by the same emotional triggers which made you chose your house at first place. Important : buyers look at the houses strictly via the prizm of price! For the same buyers a house priced for $250K will show differently than the same house offered for $210K. 
• Price your Mayfield Heights OH house realistically. Even if you made all the greatest job replacing the roof, changing the furnace, waterproofing your basement but still keep that glossy 70-s wallpaper in your bathroom or keep your original, 40+ years old kitchen cabinets clean and well organized, it does not mean that your home's value will be perceived by potential client as a "top dollar for totally updated, top of the line, ready to move in" house.

Many sellers want to give potential buyers a chance to negotiate the price and thus slightly overprice their homes. I will be honest with you. Despite the common opinion that this strategy may hurt your bottom line, in many cases it works! The key word here is "SLIGHTLY" .

Normally, the Sold Price / Asking Price ratio for Mayfield Heights OH single family homes is 95-96 %, which means that buyers expect to get and indeed recieve about 5 % discount from the LAST asking price.

Starting from 2008 discounts tend to be higher, especially if we calculate the discount from original asking price. Last year a median discount from original asking price was about 13 %! However those sellers who priced their Mayfield Heights OH houses right from the beginning, received their 94-96 % of original price.

Here is your major price strategy for a successful sale of your house in Mayifield Heights OH:

price it right from the beginning and get a higher acceptable offer.

If you want to see the detailed statistics on sales and trends on Mayfeild Heights OH housing market, please do not hesitate to e-mail us Realty@Local-n-Global.com.

If you need to sell your Mayfield Heights OH home, please call us immediately. We can be reached 24/7 at Local-n-Global Real Estate Hotline 877-770-5551.

How to sell a house in Mayfield Heights OH for top dollar? 

In our first post on this subject , we spoke about the fine city of Mayfield Heights OH and its popularity among the buyers of Real Estate.

We have enough buyers willing to move to their own houses in Mayfield Heights OH. According to NorthEastOhio MLS (NEOHREX), as of 08/15/2009 the number of Real Estate transactions in Mayfield Heights OH closed since January 1, 2009 till August 15, 2009 is the same, even a little bit higher than the number of sales in the same period of 2008 (85 sales of single family homes in Mayfield Heights in 2008 vs. 88 sales in 2009). As of 08/15/2009, we have 10 contingent listings in Mayfield Heights (offer accepted, contingencies are not removed yet) and 24 pending lisitngs (offers accepted, contingencies removed, pending for closing).

Now let's talk about you, the owner, the seller of Mayfield Heights OH home.

First of all, are you really going to move?

What is the core reason why you need to sell this home? Getting married? Expecting another baby? Need someone to take care of your yard and maintenance, so your current home is not a good accomodation for you any longer? Your business is growing and you can allow yourself to build a new bigger home?

If this is the case, please focus on your goals and your future.

• Separate yourself emotionally from your house in Mayfield Heights OH which you are going to sell
• If you are going to utilize the services of experienced and result-oriented Real Estate professional, interview and hire the right Real Estate agent who is a specialist in Mayfield Heights OH Real Estate
• Prepare to cooperate with your agent and follow your agent's guidance
• Prepare to look at your home from the Buyer's point of view
• Prepare to make some repairs, start packing extra stuff, and let your agent or professional stager to stage your home for showings
• Call the City of Mayfield Heights OH at 440-442-2626 and order the Mayfield Heights OH Point of Sale inspection. Make sure to read the Point of Sale guide first, so you know what you should do prior to inspection in order to get your house violation free
• Prepare to live in a "Model Home" mode. Your house should be accessible for showings by your agent and other cooperating Real Estate agents any time
• Price your home right and let your agent plan the effective marketing of your home, so you get a higher chance to achieve your goal timely.

How to sell a house in Mayfield Heights OH for top dollar is a good question to ask when your life comes to the point when you need to move to the other location or to the different home. 

First of all, you should evaluate your position on Real Estate market and possibilities to get top dollar for your Mayfield Heights OH home.

Let's start evaluation from some critical factors which you or your Real Estate agent can not control, such as

• area
• school district
• location
• layout/floor plan/age of your house
  
• lot size

Area. School District.

Being a resident of this wonderful city, you know better than anyone that Mayfield Heights OH is a great place to live. Located at the East side of Greater Cleveland, Mayfield Heights has it all: parks and shopping, restaurants and entertainment, medical facilities and community swimming pools, easy access to I-271 and proximity to University Circle and Downtown Cleveand.

Major area employers like Progressive Insurance, Hillcrest Hospital create jobs for many professionals.

Cultural and ethnic diversity of Mayfield Heights residents and businesses makes this vibrant city so alive!

Very strong and competitive Mayfield City Schools attract to Mayfield Heights and adjacent Mayfield Village, Highland Heights and Gates Mills families with kids.

Congratulations! If you want to sell your home in Mayfield Heights, you are in right place! It's a very popular city, so we have many qualified potential buyers who are willing to buy the house in  Mayfield Heights

   Your goal is to sell your home for top dollar.

Be honest with yourself and keep evaluating your current market position and options!

Location of your home. If you house is situated in a quiet residential area with a low local traffic, if it has a nice private back yard you have a better chance to sell it for more. If your house is really close to highway or is on the major street, more likely it will affect the price.

Layout / floor plan. Age of your house. Lot size. Mayfield Heights housing market offers a lot of houses of different ages, styles and layouts. They are all in different price groups.

You can still find in Mayfield Heights OH few older homes built in 20-s. Many houses were built in 50-s and 60s. Bungalow and cape cod styles were very popular back then.Some of them lost in value during last couple years.

It's a good supply of solid moderately priced ranch style homes built in 60-s and 70-s. Popular in late 60-s and 70-s medium size split level homes are still in a good demand but they should be priced reasonably in order to sell. Bigger and more pricy split level homes can be found in Gates Mills Blvd. area. on SOM Center, Cedar Rd., in neighborhoods located West of Lander Rd. and North of Ridgebury Blvd.

It's a decent supply of recently built homes in Mayfield Heights. They are very well built and reasonably priced and that's why they are very popular among the buyers.

No matter what the position of your house on current Real Estate market is, you should be positive about the sale of your home. Each house has its buyer.

Prepare yourself mentally and emotionally. Prepare your house. Hire the right Real Estate professional. Get your house sold!

I hope, our series of articles on How to sell your Mayfield Heights OH house for top dollar will be of a good help for you.

Good luck !

Tandem Open Houses in Mayfield Heights - great way to know our community.

Local-n-Global Realty invites everyone who is interested in buying the houses on East Side of Greater Cleveland to visit our Open Houses in Mayfield Heights.

Two Mayfield Heights homes listed for sale by Local-n-Global Realty will be Open today between 2 pm and 3:30 pm.

Located not far from each other, both houses belong to well established neighborhoods with too many amenities to list in a short post.

Fruitland Ave is located between Mayfield Rd. and Marsol Rd., one block west of Golden Gate Maygate Plaza.  That's a very nice established street with a balanced mixture of older and younger homes.

House located at 1641 Fruitland Ave. represents the best of the younger Mayfield Heights homes. It was built in 2002, beautifully maintained and lovingly updated.

Right across Fruitland Ave. there is a Mayfield Heights Community recreation center on Marsol Rd.

Golden Gate Blvd. is right on the North side of Mayfield Rd., right across the street from Golden gate Maygate Shopping Plaza. On the East side off Golden gate Blvd. there are popular Best Buy and Costco stores.

Houses on Golden Gate Blvd. were built mostly in 60s and 70s. Most of them are so lovingly cared and maintained that you fall in love with them at first sight. I invite you to see the house at 1304 Golden Gate to prove my point!

Mayfield Heights is the home of multi-cutural diversity. People with Italian, Russian, Croatian, other European roots used to live here along with people descending from India, China, other Asian and African countries.

The best about this multi-cultiral wealth is an opportunity to dine in quality ethnic restaurants and to buy fine ethnic food in Mayfield Heights grocery stores.

Mayfield Schools system is one of the top NorthEast Ohio schools. Families with kids love Mayfield Heights!

Very reasonable property taxes and affordable housing prices make Mayfield Heights even more attractive for home buyers.

Don't forget that Mayfield Heights has a point of sale inspection, which requires the houses to keep with the codes both inside and outside.

Both our Mayfield Heights homes, which will be Open today, are violation free.

Welcome to tandem Open Houses in Mayfield Heights!

Home in Mayfield Heights built after 2000 offered for sale by Local-n-Global Realty.

Mayfield Heights is a very popular community thanks to its convenient location, very well developed infrustructure and good accessibility to major high ways and Cleveland places of businesses and entertainment.

Mayfield Heights housing market is presented by diversity of older and younger homes and condominiums. There are currently 156 condominiums and homes in Mayfield Heights for sale priced between $64,500 and $575,000. Median price is $159,700. We have housing options for different budgets and for different lifestyles.

Many first time home buyers today prefer to purchase younger homes. There are 15 homes in Mayfield Heights built after 2000. Asking prices are between $199,900 and $425,000.

I am very proud to present a very good home in Mayfield Heights built after 2000 - affordable, young and lovingly cared  by the sellers.

Please pay attention to our Open Houses announcements. We will be glad to see you at this wonderful house.

First Time Home Buyers! Eligibility for 2009 temporary First Time Home Buyers Tax Credit is limited to those who buy the primary residence BEFORE December 1st, 2009. $8,000 tax credit is available to the residents of the United States of America who did not own primary residence during the last three years.

Please call our 24/7 Real estate property line 877-770-5551 ext. 136 to listen more about this newer home in Mayfield Heights and to set up a private tour to preview this beautiful house.

Impressive presentations followed by a lively discussion and face-to-face consultations. Home owners and prospective home buyers who attended this Events had an opportunity to meet great professionals, ask the questions and receive good professional answers about hot and yet confusing topics.

• First time buyer tax credit of 2009 - Presented by Svetlana Stolyarova, Local-n-Global Realty

• Ohio 203K rehab financing, how to buy and finance a great property in POS cities with escrow requirements - Presented by Tim Bradford, American Midwest Mortgage

• Short sales - nightmare or great opportunity? Legal aspects of short sales closings - Presented by David Streeter, Jr., Statewide Title Agency

• No and Low Down Payment Mortgage programs. Anatomy of Mortgage crisis - Presented  by Khash Saghafi, Crosscountry Mortgage

• Advantages of Home warranty for the home owners - Presented by Kimberly Loving, HWA
  

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

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First time buyer tax credit is a very good incentive to get off the fence and buy a condo or house now.

Let's say you used to rent a two bedroom apartment in Mayfield Heights and pay  $800 / month. You don't need a bigger place and you enjoy the convenience of fantastic Mayfield Heights location. You just got tired of paying your landlord and think about owning your own place.

Here is the deal. You buy a nice updated Mayfield Heights condo which is offered for just $70,000. Let's say you put 10 % down. You can go to the Mortgage center of Local-n-Global web site or any other sites which offer mortgage calculators and get an estimate for your monthly paymentsa. Based on 4.875 % interest rate for 30 yrs. fixed loan your monthly fee will be :

• Principle and interest - $333.40
• PMI - about $45
• Property taxes - about $140
• Monthly maintenance fee - $280 (heat, gas, water, sewer and building insurance included)

Total monthly payment for your OWN condominium will be a little bit less than $800 / month.

Another good news is that if you did not own Real Estate within last three years, you may be eligible for First time buyer tax credit. In case of purchase the condo in Mayfield Heights for $70,000 you will receive $7,000 in tax credit. You know how to spend another $7,000, don't you?

Why wait?

Just come to our Open House at 1390 Golden Gate Blvd. this Sunday May 3rd, between 2 pm and 3:30 pm and see if you are ready to become a homeowner and get advantage of first time buyer tax credit of 2009.

More and more people who want to buy the houses and condos in Cleveland are excited about opportunity to benefit from the First Time Buyer's Tax Credit.  I receive numerous questions regarding this credit from potential buyers. Let's get the answers together in order to help more first time buyers realize the advantages of buying houses and condos in Greater Cleveland in January-December of 2009.

The most frequent question is: Who is the First time buyer?

Answer is  not that obvious as it seems to be. Every person who did not own the primary residence in last three years prior to purchase is considered to be a First Time Buyer. For married couples, both spouses should be the First Time buyers according to the above definition. If husband or wife owned the primary residence during three-year peiod prior to purchase, none of the spouses is eligible for this credit.

Interesting question comes from the potential buyers of condominiums in Mayfield Heights and other communities of Greater Cleveland: Does the Real Estate tax credit apply to condos?

The answer is Yes, it does apply to any housing that will be used as a principle residence. It includes single family detached houses, attached homes like condominiums, townhomes, manufactured homes (aka mobile homes) and houseboats.