The following is the status of current market inventory

 Inventory levels in Barrington continue to improve.  If you are relocating to the Cleveland, Ohio area, call us for a tour of this wonderful community.  The following is a link to the Barrington Golf Club:

http://www.barringtongolf.org

Our services are designed for Cleveland Executive Relocation & the Cleveland Luxury Home Market and are provided to all of our clients. 

Jim & Joan Norbuta, Realtor®
ACCREDITED BUYER REPRESENTATIVE                                                                                                                                                                                                     

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

Buyers Agent in Cleveland Ohio.   

PS. This can be a good time to list your Barrington homeif you are priced under $1,000,000.  Call us for an up to the minute inventory report.

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Today’s article from RISMEDIA is excellent advise if you want to take advantage of government programs to stimulate the housing market.  We have recently posted Market Reports for Cleveland Real Estate communities and will continue to add more markets in the coming days.  Reports are already posted for Chagrin Falls, Bainbridge Township, Auburn, Aurora, and Burton.  Future reports will include Solon, Twinsburg, Streetsboro, Chesterland, Orange, and Pepper Pike, and Beachwood.

RISMEDIA, January 8, 2010—The countdown is under way. As of January 1, you have four months to promote the expanded U.S. Homebuyer Tax Credit and get your qualified buyers under contract by the April 30 deadline.

Fueled by the original November 30, 2009 deadline, sales of existing homes had increased steadily since April, with the exception of a slight dip in August. NAR surveys show that about 30% of all closed transactions during that period involved first-time buyers.

In November, Congress extended the tax credit and amended it to include some repeat buyers in hopes of securing a more sustained real estate upswing. However, the narrow window suggests none of us should count on another extension.

Here are some ways to ensure that you and your clients make the most of this opportunity.

Update Your Message
You’ve probably already begun updating marketing materials that show you’re the expert on the new rules. Your target audience should now include repeat buyers who can qualify for a $6,500 tax credit if they’ve lived in their home for five consecutive years of the last eight. Make sure homeowners understand that as long as they’re buying a new primary residence, they’re not required to sell their current home right away—or at all. In the meantime, they’re able to take advantage of today’s lower home prices and historically low interest rates.

Clear Your Schedule
As the new deadline looms, buyers will be looking for more attention and more of your time for showings. First-timers who were excluded from the $8,000 credit by the old income limits will be looking to join the action, too. The new limits are $125,000 for individual filers and $225,000 for joint filers. With the possible influx of repeat and first-time buyers, you’ll want to make sure you have systems in place to ensure everyone’s needs are met.

Be Diligent at Every Step
You don’t want any delaying issues to emerge, so stay on top of your closing checklist. Insist that lenders, inspectors, listing agents and other involved parties also stay alert, because your most motivated buyers will want to act quickly. Also, be sure to know the inventory inside and out on properties priced up to $800,000, which is the new home-price limit for the tax credit.

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If you are looking to purchase a home in the next few months, please give us a call.  We show all properties listed by any real estate broker and most for sale by owner homes.  If you find a home on any website, we can schedule a showing for you.  Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.  The details you need to make a good decision.

For families and individuals involved in a relocation transfer, you’re timing is excellent.  The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.  The school districts in Chagrin Falls, Bainbridge Township, Aurora, and surrounding areas are very highly rated. 

FindingClevelandHomes.com website contains information on mortgage rates, lenders, and  local community groups.  Our services are designed for Cleveland Executive Relocation & the Cleveland Luxury Home Market and are provided to all of our clients.

Jim & Joan Norbuta, Realtor®
ACCREDITED BUYERS REPRESENTATIVE

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

Serving the Greater Cleveland communities of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley.  Call us for referrals to outstanding RE/MAX agents in other communities.

RISMEDIA, October 24, 2009—The good news: in the middle of a really tough economy, you land a job offer. The bad news: you have to explain to your 14-year-old that it means moving out of state. Whether it’s for a new career opportunity or to move when a current employer relocates its business, people who may not otherwise have considered relocating are facing the potential of moving boxes in their future.

There are, however, steps you can take to make the transition more manageable:

1. Do your homework as a family: Like most homework, this research will start with the Internet. City and state official websites are a good starting point to get a sense of the school system, recreation and services. Look to local bloggers to get the “voice” of a neighborhood, including city, or even neighborhood focused real estate blogs. Divide up the research among the family so everyone gets to be an expert.

2. Take time to talk about the unknown: With everything that goes into relocation, it is easy to turn family life into a never-ending series of “to do” lists. Find time to let your family talk out loud about the move. Some days it will seem like a great adventure, other days it’ll be daunting. Let your kids know that’s okay.

3. Find where your hobbies live: If a family member has a special hobby or sport, locate the best ways to connect with that passion as soon as you get to the new location- it’ll feel more like home when everyone is doing what they love.

4. Start gathering medical and school records: We’d like to think we live in a paperless world- that is, until we roll into the emergency room in a new town and can’t access key information. Start gathering data from your physician, dentist and school administrators earlier rather than later.

5. Tap into the professionals: Finding the right real estate agent and a good mover can make the difference between a straightforward- or a nightmare-relocation experience. Whether you’re looking to purchase a new home right away or are opting to rent an apartment or home while you familiarize yourself with the area, these professionals can provide both guidance and support during your relocation. Take time to check out reviews, get references from people you trust and then narrow down options to a short list. It’s worth the work to get these relationships right.

“Having professionals on your side makes every difference during a move,” says Sharon Asher, chairman and founder, Relocation.com. “It’s understandable to want to do it all yourself, but people who are able to rely on strong professional services throughout the process come out of the experience saying the move was much more straightforward than if they had tried to handle it all on their own.” Read more: http://rismedia.com/2009-10-24/relocating-in-your-future-5-tips-you-need-to-know/#ixzz0YBotEkNG

There are still strong buyers’ markets within the Cleveland real estate domain. Contact us for the specifics in the area where you are considering buying a home.

Relocation to Cleveland Ohio is one of the most affordable moves you can make. Cleveland has a very favorable ranking in the affordability index of the major metropolitan areas in the USA. Are you considering becoming a new home buyer in Cleveland Ohio?

Need information on mortgage rates, lenders, and local community groups? Look around, it’s here on our website. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

There are many excellent Cleveland Realtors®. Thank you for your consideration of our services. Contact us for any questions.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME®

To understand the program, check out this video:

http://www.youtube.com/watch?v=1leN8E8BKTo

Contact us for any questions.

Relocation to Cleveland Ohio is one of the most affordable moves you can make. Cleveland has a very favorable ranking in the affordability index of the major metropolitan areas in the USA.

Need information on mortgage rates, lenders, and local community groups? Look around, it’s here on our website. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

There are many excellent Cleveland Realtors®. Thank you for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME®

A client of ours with real estate for sale in Chagrin Falls, recently asked us a question about a potential job transfer out of Ohio. Although we didn’t have the answer at our fingertips, we knew where to find it: LinkedIn.

Here are the results of our inquiry. Contact us if you are a home buyer in Cleveland Ohio, have any real estate questions, or would like to connect on LinkedIn.

Here is the discussion:

Jim Norbuta
Realtor (R), Experienced In Relocation, Accredited Buyers Representative (ABR)
See all Jim’s activity »
Loss of Home Equity Provision in Relocation Contracts
Our client has been offered a position out of state, and we will be selling his home.

Can you share a copy of the corporate relocation pages that offer a “loss of equity” provision in the relocation package? See link for details:

http://www.findingclevelandhomes.com/2009/11/16/relocation-program-loss-of-home-equity-a-question-from-your-cleveland-relocation-specialist/

If your company does not offer a “loss of equity” provision, we would appreciate your sharing that information with us. All information will remain confidential.
Posted 2 days ago | Delete discussion
Comments (4)
1.
Dave Foess
Global and Domestic Relocation Executive
See all Dave’s activity »
Stop following Follow Dave
1 example

Loss on Sale of Home
In the event an employee sustains a loss on the sale of his/her present residence as a result of relocation, the Company will reimburse the employee for the loss to a maximum of 10% of the original purchase price.
A loss on sale is considered to be the difference between the original purchase price of the home plus allowable capital improvements as defined by the IRS and the higher of the appraised value or sale price. The employee must provide copies of the original purchase agreement and bills sustaining the capital improvements. The improvements must have been installed in the five-year period immediately prior to the effective date of the transfer and have a minimum cost of $1,000 for each expenditure.
Loss on Sale Example:
$175,000 Purchase Price
$ 5,000 Capital Improvements (Deck)
$180,000
$170,000 Actual Sale Price or Appraised Value
$ 10,000
Maximum Reimbursement: 10% of original purchase price of $175,000 = $17,500
Payment: The less of the loss ($10,000) or 10% ($17,500) = $10,000
Posted 19 hours ago | Reply Privately
2.
Dillon Fries
Owner, Dillon H. Fries & Associates
See all Dillon’s activity »
Stop following Follow Dillon
It is kind of presumptuous to assume that the capital improvements added to market value. Often there are demolition costs, extraordinary costs, and higher profit margins on remodeling projects. Should a transferee be able to recoupe such improvements to their full extent?
Posted 10 hours ago | Reply Privately
3.
Jim Norbuta
Realtor (R), Experienced In Relocation, Accredited Buyers Representative (ABR)
See all Jim’s activity »
Dave,

Thanks for the detailed explanation. This is a very intersting approach. This will be very helpful for my client.

Many Blessings,

Jim
Posted 9 hours ago | Delete comment
4.
Jim Norbuta
Realtor (R), Experienced In Relocation, Accredited Buyers Representative (ABR)
See all Jim’s activity »
Dillon,

Dave’s example reflected a 100% return on the capital expenditure. This rarely happens for the homeowner, but you get what you negotiate if there isn’t a written policy.

Many Blessings,

Jim
Posted 9 hours ago | Delete comment
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Need information on mortgage rates, lenders, and local community groups? Look around, it’s here on our website. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

There are many excellent Cleveland Realtors®. Thank you for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME®

City of Aurora Ohio

INVENTORY REPORT FOR November 13, 2009

Price Range———–Active&Contingent———–Pending& Sold——-Current Inventory

$150,000 – $300,000 _ _ _ _ _ _ 109 _ _ _ _ _ _ _ 37 _ _ _ _ 18 months/last month 16

$300,001 – $500,000 _ _ _ _ _ 65 _ _ _ _ _ _ _ _26 _ _ _ 15 months/last month 14

$500,001 + _ _ _ _ _ _ _ _ _37 _ _ _ _ _ _ _ _ 5 _ _ _ _ 44 months/last month 46

….TOTALS…………………………………….211……………………………68

Total Homes for Sale 211
Average Sales/Month 11.3
Months of Inventory 18.7

This past month reflects reflects regression in the rate of sale of homes in the Aurora Oh real estate market. This was not the case for Bainbridge Ohio real estate or Chagrin Falls real estate as reported yesterday. If you need to know this information for your specific area, go to the CONTACT US button now in the upper right corner of our web page. The above numbers may be eye openers for many of you. If you are currently a home seller, you may not be aware of these recent changes. Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community. EVERY COMMUNITY IS UNIQUE.

If you are looking to purchase a home in the next few months, please give us a call. We show all properties listed by any real estate broker and most homes for sale by owner. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community.

If your interest is in the luxury home market, the above chart indicates an inventory of 44 months, a slight improvement of 46 months in October. If you are ready to negotiate, there are still excellent values available in every price range.

For families and individuals involved in a relocation home purchase, you’re timing is still very good. Homes in Cleveland Ohio are among the most affordable of the major metropolitan areas in the USA.

Our website contains information on mortgage rates, lenders,and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

There are many excellent Cleveland Realtors®. Thank you for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)
RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME®

CHAGRIN FALLS

INVENTORY REPORT FOR November 12, 2009

Price Range———–Active&Contingent———–Pending& Sold——-Current Inventory

$150,000 – $300,000 _ _ _ _ _ _ 151 _ _ _ _ _ _ _ 112 _ _ _ _ 8 months/last month 12

$300,001 – $500,000 _ _ _ _ _ 151 _ _ _ _ _ _ _ _77 _ _ _ 12 months/last month 16

$500,001 + _ _ _ _ _ _ _ _ _157 _ _ _ _ _ _ _ _ 37 _ _ _ 25 months/last month 31

….TOTALS…………………………………….459……………………………226

Total Homes for Sale 459
Average Sales/Month 37.6
Months of Inventory 12

This past month reflects tremendous improvement in the sale of homes in the Chagrin Falls Oh real estate market. The same is likely to be true for Solon, Twinsburg, Aurora, and Russell. If you need to know this information for your specific area, for developments like Laurel Springs, Barrington, and Canyon Lakes, go to the CONTACT US button now in the upper right corner of our web page. The above numbers may be eye openers for many of you. If you are currently a home seller, you may not be aware of these recent changes. Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community. The numbers can change dramatically by location, even within local communities like Chagrin Falls and Bainbridge Township.

If you are looking to purchase a home in the next few months, please give us a call. We show all properties listed by any real estate broker and most homes for sale by owner. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community.

If your interest is in the luxury home, the above chart indicates an inventory of 25 months, a dramatic improvement of 48 months earlier this summer. If you are ready to negotiate, there are still excellent values available in every price range.
For families and individuals involved in a relocation home purchase, you’re timing is still very good. The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.
Our website contains information on mortgage rates, lenders,and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

Thanks for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)
RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

Welcome to our website. Your happiness and success in buying or selling a home is our reason for being here. If you are beginning a home search, this is a wonderfully exciting time in your life. Assisting you in finding your dream home is our goal.

Outstanding communication is central to our service to you, a home buyer. When you call, you will likely reach a live person. When you e-mail us, you receive a timely response.

We are approaching our 10th year as Cleveland Ohio Realtors®. Here are some key advantages of being represented by an experienced, Accredited Buyers Agent (ABR):

•highest ethical standards
•adherence to fiduciary duties
•full-time Realtor®
•negotiating skills

If you’re relocating to or within Greater Cleveland, you should find comfort in the fact that we’ve relocated three times for former Corporate Employers. Chicago, Columbus, and Cleveland were our moves. We have lived in eight communities of Greater Cleveland.

Accommodating your needs and schedule are easily understood and routinely handled. We are qualified to do this in a professional, friendly, and courteous manner at all times. There are many things here on our website to assist you, or contact us anytime with a question.

Your home search is PRIORITY ONE. Your happiness and success in buying or selling a home is our reason for being here. If your geographic interest is better served by another Realtor®, we will recommend an outstanding agent to you. We often refer clients to outstanding associates in Medina and Lake Counties.

Thanks for visiting our website. Our efforts will be focused on being a BLESSING in your life.