Is it time for you to take a break from your Cleveland Area Home Search?  Linked is information for a fun-filled weekend:

Click Here for Geauga County Fair Information

When it’s time to get back to buying or selling a home in our area, give us a call.

FindingClevelandHomes.com website contains information on mortgage rates, lenders, and local community groups.  Our services are designed for Cleveland Ohio Executive Relocation & the Cleveland Ohio Luxury Home Market and are provided to all of our clients.  Buying or selling real estate in the Cleveland Ohio area ?  Contact us:  440-708-0561

Buyers Agent in Cleveland Ohio.

Jim & Joan Norbuta, Realtor®
ACCREDITED BUYERS REPRESENTATIVE

RE/MAX TRADITIONS                                                                                                                                                                                                                              Realty Relocation Services, Inc.
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

 Real Estate is a local phenomena.  NATIONAL HOMES SALES statistics are meaningless in Northeast Ohio.  Greater Cleveland home sales statistics are meaningless for Chagrin Falls. 

The following information about Chagrin Falls real estate is general information.  Statistics change for individual communities within suburban areas.   This information is meant to give you a general flavor of the market. 

Have a real estate question about your home, street or community ?           Contact us.

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

440-247-7650                      cell 440-708-0561

LinkedIn Profile 

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The following is specific to one area of Greater Cleveland Real Estate.  The Chagrin Falls Real Estate market includes Chagrin Falls, Bainbridge Township, Auburn, Bentleyville, and portions of Moreland Hills, and Hunting Valley.  If a Cleveland relocation is the reason for your move, this detail is extremely important to you.  Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis in greater detail will be done for your community/neighborhood.

44022     CHAGRIN FALLS      44023

6 MONTH INVENTORY REPORT FOR January 4, 2010

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000         131                            107                                7 months

$300,001 – $500,000        134                              55                                 15 months

$500,001 +                         139                             27                                  31 months

….TOTALS……..              404                           189

Total Homes for Sale                 404

Average Sales/Month                 31.5

Months of Inventory                 12.8

The past 3 months showed dramatic improvement in the $150-300,000 price range.  The inventory level fell from 9 months to 7 months.  This is good news for home sellers in these communities with homes to sell in this price range.  The news is not so good for buyers in the upper 2 price ranges.  The inventory levels for the $300-500,000 range increased from 12 months to 15 months and the inventory for homes in the $500,000 and up price range increased from 22 months to 31 months inventory.  Home sellers in these ranges will face an uphill battle if they need to sell their homes in the near future.  The strong home buyers’ market exists in the upper price ranges for Chagrin Falls real estate.

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.

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®

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.

Allied wants you to start preparing early for your move with our moving checklist. It’s really never too soon to begin planning for a move, and veteran movers have found that a comprehensive moving timeline and checklist is the best strategy to ensure a smooth relocation. Our moving checklist and timeline is also a great way to involve the entire family in the move and to spread some of the responsibilities to each person, including your children.

Timeline for Moving: Eight Weeks Before Move

• Contact your mover to make arrangements for moving day.
• Remove items from your attic, basement, storage shed, etc.
• Start to use up things you can’t move, such as frozen foods and cleaning supplies.
• Contact the chamber of commerce or visitor’s and tourism bureaus in your new community for information on your new city.

Timeline for Moving: Six Weeks Before Move

• If you’re moving at an employer’s request, verify what expenses and responsibilities are theirs and which are yours.
• Contact the IRS and/or your accountant for information on what moving expenses may be tax-deductible.
• Begin to inventory and evaluate your possessions. What can be sold or donated to a charitable organization? What haven’t you used within the last year?
• Make a list of everyone you need to notify about your move: friends, professionals, creditors, subscriptions, etc.
• Obtain a mail subscription to the local paper in your new community to familiarize yourself with local government, community and social news and activities.
• Locate all motor vehicle registration and licensing documents.
• If some of your goods are to be stored, make the necessary arrangements now. (Your relocation consultant should be able to help.)
• Contact schools, doctors, dentists, lawyers and accountants and obtain copies of your personal records. Ask for referrals where possible.

Timeline for Moving: Four Weeks Before Move

• Submit a Change of Address form to the post office.
• Arrange special transportation for your pets  and plants.
• Contact utility and related companies (gas, electric, oil, water, telephone, cable TV and trash collection) for service disconnect/connect at your old and new addresses. However, remember to keep phone and utilities connected at your current home throughout moving day.
• Contact coverage companies (auto, homeowner’s or renter’s, medical and life) to arrange for coverage in your new home.
• If you’re packing yourself, purchase moving boxes  from your local mover. Pack items that you won’t be needing in the next month.
• Plan a garage sale to sell unneeded items or arrange to donate them to charity.

Timeline for Moving: Three Weeks Before Move

• Make travel arrangements and reservations for your moving trip. However, don’t make plane reservations for the same day that you’re moving out. House closings are often delayed, and other unexpected situations often arise.
• Collect important papers (coverage, will, deeds, stock, etc.).
• Arrange to close accounts at your local bank and open accounts in your new locale.

Timeline for Moving: Two Weeks Before Move

• Have your car checked and serviced for the trip. Also, make sure that your automobile is prepared (filled with the necessary antifreeze/coolant, for example) for the type of weather conditions you’ll be traveling in.
• If you’re moving out of or into a building with elevators, contact the building management to schedule use of the elevators.
• Contact your relocation consultant to review and confirm all arrangements for your move.

Timeline for Moving: One Week Before Move

• Settle any outstanding bills with local merchants.
• Don’t forget to withdraw the contents of your safety deposit box, pick up any dry cleaning, return library books and rented videotapes, etc.
• Take pets to the veterinarian for any needed immunizations. Get copies of pets’ veterinary records.
• Drain gas and oil from power equipment (lawn mowers, snow blowers, etc.).
• Give away plants not being moved.
• Prepare specific directions to your new home for your moving company. (Include your itinerary, emergency numbers, etc.)

Two to Three Days Before the Move

• Defrost your freezer and refrigerator. Block doors open so they can’t accidentally close on pets or children.
• Have your major appliances disconnected and prepared for the move. (Again, your relocation consultant can help with arrangements for a third party to provide these services.)
• Pack a box of personal items that will be needed immediately at your new home. Have this box loaded last or carry it with you in your car.
• Organize and set aside those things that you’re taking with you so that they don’t get loaded on the van in error.
• Contact your relocation consultant to confirm arrival time of the moving van, as well as to notify them of any last minute details.

Timeline for Moving: Moving day

• Make sure that someone is at home to answer the van foreman’s questions.
• Record all utility meter readings (gas, electric, water).
• Read your bill of lading and inventory carefully before you sign them. Keep these — and all related papers — in a safe location until all charges have been paid and all claims, if any, have been settled.
• Follow the Allied Timeline for Moving
• You’ll feel a sense of accomplishment as items are checked off of your moving checklist. Moreover, as the weeks roll by, your moving timeline will help ensure that nothing has been overlooked or omitted from your planning, and that alone will go a long way toward relieving some of your anxiety.

Click here for link to the Allied website:

———————————————————————————————————————————————————

REALTORS® are licensed professionals and this is what we do everyday.  REALTORS® subscribe to a stringent code of ethics and standards.  Most people buy and sell only a few homes in a lifetime.  Even if you’ve done it before, laws and regulations change (and vary by state); that’s why having a professional REALTOR® on your side is critical.

Contact us if we can help you with your Greater Cleveland real estate search or to assist you in finding a buyers’ agent.   Also, click here to check out our post “Are Your Relocation Employees Giving Up Their Negotiating Power?

Jim Norbuta, Realtor®
Accredited Buyers’ Representative (ABR)

website: http://www.jimandjoan.com

This Special event features the crafts of many fine local artisans, a Homemade Baked Goods Sale, a RAFFLE,

and FREE ADMISSION.

See You at:

Bainbridge Town Hall

17826 Chillicothe Road (RT 306), behind the fire station

Friday, November 6, 2009                    Saturday, November 7, 2009

4:00 pm   to   8:00 pm                             9:00 am    to   4:00 pm

LIGHT LUNCH——RAFFLE——-FREE ADMISSION

———————————————————————————————————————-

REALTORS® are licensed professionals and real estate is what we do everyday.  REALTORS® subscribe to a stringent code of ethics and standards.  Most people buy and sell only a few homes in a lifetime.  Even if you’ve done it before, laws and regulations change (and vary by state);  that’s why having a professional REALTOR® on your side is critical.

Call us if we can help you with your home search or to assist you in finding a Buyers’ Agent.

Jim Norbuta, Realtor®
Accredited Buyers’ Representative (ABR) website:  http://www.findingclevelandhomes.com

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®Serving the Greater Cleveland communites 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.YourClevelandRealtors.com 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

http://seekingalpha.com/article/170465-homebuyer-tax-credit-not-a-done-deal

http://www.webcpa.com/news/Geithner-Urges-Extension-Homebuyer-Credit-52251-1.html

http://topnews.us/content/28083-congress-could-approve-extension-homebuyer-tax-credit-next-week-harry-reid

If you would like to stay informed on this issue, contact us.

REALTORS® are licensed professionals and real estate is what we do everyday.  REALTORS® subscribe to a stringent code of ethics and standards.  Most people buy and sell only a few homes in a lifetime.  Even if you’ve done it before, laws and regulations change (and vary by state);  that’s why having a professional REALTOR® on your side is critical.

Call us if we can help you with your home search or to assist you in finding a Buyers’ Agent.

Jim Norbuta, Realtor®
Accredited Buyers’ Representative (ABR) website:  http://www.findingclevelandhomes.com

RE/MAX TRADITIONS

RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®Serving the Greater Cleveland communites 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.YourClevelandRealtors.com 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

29 Acres located in Downtown Bainbridge Township

Mailing address:   Chagrin Falls, Ohio 44023

Prime in town location, across from Town Hall and a Strip Shopping Center

See link for additional details:  http://login.neohrex.com/Reports/ReportViewer.aspx?hidMLS=NEOH&emailReportRid=4973208&hidEntryPoint=ME

CONTACT US SOON

Jim Norbuta, Realtor®
website: http://www.findingclevelandhomes.com

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®Serving the Greater Cleveland communites 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.

YourClevelandRealtors.com 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.

NO, we are not trying to sell one of our own listings….it is not bank-owned or a short sale (to the best of our knowledge).

We recently showed a home in the Bainbridge/Chagrin Falls/Aurora area that far surpassed others available in this price range.  Our clients decided to buy another property, even though we all agreed that this was by far the best value.

If you are searching anywhere near this area in the $400-600,000 price range, call us to see this home.  You will be amazed. 

Jim & Joan Norbuta

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

Serving the Greater Cleveland communites 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.

YourClevelandRealtors.com 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.

(The following is specific to one area of Greater Cleveland.  If you are a home buyer or home seller, and especially if relocation is the reason for your move, this detail is extremely important to you.  Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis will be done for your community/neighborhood. )

44022     CHAGRIN FALLS      44023

INVENTORY REPORT FOR July 30, 2009

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000         137                             87                                 9 months

$300,001 – $500,000        137                              71                                 12 months

$500,001 +                      106                             29                                  22 months

….TOTALS……..              380                           187

Total Homes for Sale                 380

Average Sales/Month                 31.2

Months of Inventory                 12.2

First impressions might cause you to think that sales are increasing dramatically in the Chagrin Valley area.  The truth is that fewer homes are being listed in CHAGRIN FALLS 44022 & 44023, while rate of sale stayed virtually the same at 31 homes per month.  The same could 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, give us a call.  The above numbers may be eye openers for many of you.  If you are currently selling your home, 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 your local community.  There are also significant variances between price groups.

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.  All the details you need to make a good decision.

This past week we assisted a buyer in purchasing a home in the Chagrin Falls/Bainbridge area.  They had narrowed their search to 2 homes.  One home was a tremendous value, and the other was a home that fulfilled their dreams.  They selected the home of their dreams.  The other home is still available, and we would be excited to show it to you.  It’s priced in the $400-500,000 range and will fulfill someone’s dream home requirements.

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.

YouClevelandRealtor.com 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.

Jim & Joan Norbuta

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

Serving the Greater Cleveland communites 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.

FIREWORKS

BAINBRIDGE TOWNSHIP INDEPENDENCE DAY CELEBRATION
July 5, 2009 – 6:30 PM
Festivities begin at 6:30 P.M. with Food and Entertainment. Fireworks begin at Dusk. RIVER ROAD PARK

JULY 4th CEREMONY

07/04/09            9:30AM – 10:30AM                

Look forward to seeing you this weekend.

Jim & Joan Norbuta

Realtor

RE/MAX TRADITIONS

Serving the communites 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.

In case you haven’t heard, a bill has been introduced in Congress to increase the stimulus for the residentail real estate market.  In it’s currrent form, the incentive is for all home buyers and does not have income limitations.  This means that everyone can benefit from this plan…even if you stay where you are.

Should this bill pass before Congress adjourns in August, will you be among the “movers and shakers?” 

Can you think of anything else that would create more jobs?

Your response is important to us….

Jim & Joan Norbuta

Realtor

RE/MAX TRADITIONS

Serving the communites 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.

(The following is specific to one area of Greater Cleveland.  If you are a home buyer or home seller, and especially if relocation is the reason for your move, this detail is extremely important to you.  Please do not make financial decisions without knowing the facts about your community)

44022     CHAGRIN FALLS      44023

INVENTORY REPORT FOR JUNE 30, 2009

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000            167/17                     17/57                      15  months

$300,001 – $500,000            167/10                     12/40                      20 months      

                                                                                                                                                                                                                            $500,001 +                         182/7                       4/18                      51  months           

…………….TOTALS……..         516/34                     33/115                  22.3 months

                        Total Homes for Sale                 550

                        Average Sales/Month                24.6 

                        Months of Inventory                 22.3

                        Pure and simple, there are a lot of homes for sale in CHAGRIN FALLS.  The same is likely to be true for Solon, Twinsburg, Aurora, and Russell.  If you need to know for your specific area, even for developments like Laurel Springs, Barrington, and Canyon Lakes, give us a call.  The above numbers may be eye openers for many of you.  If you are currently selling your home, you are probably very well aware of them.  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 your local community.

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.  Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.

If your interest is in homes priced above $500,000, the above chart indicates an inventory of 4 years.  If you are ready to negotiate, there are excellent values available in every price range.   

 For families and individuals involved in a relocation transfer, you’re timing couldn’t be any better.  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, local community groups, details about us and our services, and helpful information for living or moving to the Chagrin Valley.   

Jim & Joan Norbuta

Realtor

RE/MAX TRADITIONS

Serving the communites 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.

Wonderfully updated gracious southern colonial located just outside the Bainbridge Township Historic District. Car enthusiasts and hobbiests will appreciate the 6 CAR GARAGE. This 3 bedroom, 1.5 bath home is charming throughout with hardwood floors, crown molding, open kitchen and dining room. Updates include roof, gutters and garage doors in 2009, siding and total kitchen remodel, downstairs bath remodel, new well pump and interior paint in 2008. Hot water tank in 2006, wrap-around composite porch 2004 and chimney in 2002. Set back on 1.5 acres, this charming home is a must see!    $239,000

Jim & Joan Norbuta

Realtor

RE/MAX TRADITIONS

Serving the communites 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.

Today’s Cleveland Plain Dealer reports that home sales for May 2009 are generally lower than for May 2008, with Cuyahoga, Lorain, and Lake Counties showing a 7 to 9 % drop for the year to year comparison.  The State of Ohio is showing an 18% decline.

Geauga County is the exception, posting a 15% increase over May 2008.  Jonathan Hall, President of the Ohio Association of Realtors stated:  ”With favorable pricing, attractive interest rates and sellers more realistic in their expectations, the market is poised for a rebound due to the ideal conditions that exist.”

Reports for Portage County-Aurora and Summit County-Twinsburg are inconclusive due to the merger of the data services of the two multiple listing services.  These figures do include the Chagrin Valley areas of Chagrin Falls,  Solon, Bainbridge Township, Auburn, South Russell, and Chesterland.

Contact us if you have any questions.

Jim & Joan Norbuta

Realtors

REMAX Traditions

Are you ready for this….it’s a possibility that we will see a $15,000 tax credit for ALL home buyers.  As reported in USA Today, there are many potential changes to the housing bill that currently gives first time buyers an $8,000 tax credit, depending on their income.

The proposed bill would change the amount of the credit to $15,000, eliminate the income restrictions, and give access to ALL HOME BUYERS. 

Along with the terrific interest rates that are still available, this would certainly give a boost to home sellers.  We do business on the southeast side of Greater Cleveland (Chagrin Valley), focusing on Solon, Chagrin Falls, Bainbridge Township, Twinsburg, Aurora, and Chesterland.  If you are relocating, check out the relocation section of our website.  We can also refer you to outstanding REMAX realtors in any part of Greater Cleveland.

Contact us if you have any questions.

(The following is specific to one area of Greater Cleveland.  If you are a home buyer or home seller, this detail is extremely important to you.  Please do not make financial decisions without knowing the facts about your community)

44022 CHAGRIN FALLS 44023

INVENTORY REPORT FOR JUNE 12, 2009

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000            163/13                     17/53                      15  months

$300,001 – $500,000          163/10                    14/40                     19 months      

                                                                                                                                                                                                                            $500,001 +                            179/6                       10/13                      48  months           

…………….TOTALS……..         505/29             41/106               21.8months

                        Total Homes for Sale                 534

                        Average Sales/Month                24.5 

                        Months of Inventory                   21.8

                        Pure and simple, there are a lot of homes for sale in CHAGRIN FALLS.  The same is likely to be true for Solon, Twinsburg, Aurora, and Russell.  If you need to know for your specific area, even for developments like Laurel Springs, Barrington, and Canyon Lakes, give us a call.  The above numbers may be eye openers for many of you.  If you are currently selling your home, you are probably very well aware of them.  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 your local community.

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.  Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.

If your interest is in homes priced above $500,000, the above chart indicates an inventory of 4 years.  If you are ready to negotiate, there are excellent values available in every price range.   

 For families and individuals involved in a relocation transfer, you’re timing couldn’t be any better.  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, local community groups, details about us and our services, and helpful information for living or moving to the Chagrin Valley.                          

• the recent economic data has shown some small signs of improvement
• concern about inflation due to the substantial amount of debt the U.S government has issued / continues to issue
• and lastly, the big concern which is not heavily publicized….foreign investment or the lack there of.

Did you realize that foreign investors, namely China and Japan purchase up to 40% of our debt (U.S. Treasuries). One of the major fears the past few weeks is that foreign investors stop buying our debt. As of yesterday we are starting to see some stabilization in the interest rate market which is helping rates ease back down. Current 30 year rates are averaging 5.625% and 15 year 5.125%. I am willing to go out on a limb and say we should see an additional .50% improvement in the coming weeks/months.

For my readers who are realtors you may want to check with the lenders on your deals to confirm the rate lock. If closing dates are missed (which I have heard some buzz it is happening more often) it is possible locks will expire AND rates will be adjusted up to current levels. Don’t get me wrong, current levels are still historically outstanding just not the 4.50 – 4.875% that many may have locked into.

Week Ahead

The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of “intermediate” goods used by companies to produce finished products and will come out on Tuesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Wednesday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Industrial Production and Housing Starts will be released on Tuesday. The Empire State and Philadelphia Fed regional manufacturing indexes will round out the schedule.

Weekly Mortgage Update Courtesy Of: 

Darrin L. Kresevic, Sr. V.P., Loan Officer, LPO Manager

 First Place Bank          440 349 7550       

6150 Enterprise Parkway – Solon Ohio 44139

Assistant – Janice Zabish Direct – 440 349 7562

 Lending seventeen years of Mortgage Banking experience

To reach Darrin and many other outstanding business people in our community,

please look at our website:          business and services section