Your new home is tastefully decorated and completely updated.  All appliances replaced since 2008. The furnace, central air conditioner, washer & dryer—all new since 2008.  This former model home features a loft overlooking vaulted cathedral great room with gas fireplace, master suite w/sitting room. This is a private end unit with wooded yard, brick patio, and deck.

Linked below are details and photos:

http://login.neohrex.com/Reports/ReportViewer.aspx?hidMLS=NEOH&emailReportRid=10672545&hidEntryPoint=ME
Do you know anyone who works for Eaton Corporation or Cleveland Clinic? Eaton Corporation is building their new headquarters in Beachwood and Cleveland Clinic is building a new hospital in Twinsburg. It’s a good time to buy in Twinsburg, because demand is sure to increase soon.

Contact us to see this condo today:      440-708-0561

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.

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.

The following information is for homes in the city of Twinsburg, Ohio and within the Twinsburg School District.   This information is general in nature and can vary widely by individual communities within Twinsburg.

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.

The following information is for homes in Chagrin Falls, Ohio and within the Chagrin Falls School District.   This information is general in nature and can vary widely by individual communities within Chagrin Falls, Moreland Hills, and Bentleyville.

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.  Buying or selling real estate in the Cleveland Ohio area?  Contact us:  440-708-0561

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.

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.  Buying or selling real estate in the Cleveland Ohio area?  Contact us:  440-708-0561

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.

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.  Buying or selling real estate in the Cleveland area?  Contact us:  440-708-0561

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.

The following information is for homes in Aurora, Ohio.  This information is general in nature and can vary widely by individual communities within.

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.  Buying or selling real estate in the Cleveland area?  Contact us:  440-708-0561

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.

Here is what you will receive at no cost to you: 

- we represent YOU and promote YOUR best interests in the transaction

- we follow YOUR lawful instructions

- we provide YOU with complete market information, so that YOU can make an informed decision

- we are loyal, maintain YOUR confidences, and disclose material facts

What is your other option?  Go directly to  the listing agent, who is hired by the seller to provide the above for their client.

CALL US.  We’d be glad to answer any of your questions regarding this or any property in Northeast Ohio.  YOU need to be represented.

Jim & Joan Norbuta, Realtor®
ACCREDITED BUYERS REPRESENTATIVE

440-708-0561

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

Do you know someone looking to buy real estate in the Cleveland Ohio area?  It could put some cash in your pocket.

The owners of the following property are offering a $1000 reward if you supply us the name of the person who buys their home in Bainbridge Township.  Click the link below for complete property details and photos:

http://login.neohrex.com/Reports/ReportViewer.aspx?hidMLS=NEOH&emailReportRid=9348736&hidEntryPoint=ME

The $1000 will be paid to the first person supplying the buyers name to us, their agents.  It is suggested that you e-mail that information to us at  jimnorbuta@remax.net  in order to time stamp your submission.  Only one $1000 payment will be made.  In cases where multiple people submit the buyers name at the same time, the reward will be split equally.  Real estate agents are not eligible.  Payment will be made immediately after the closing.

Our cell phone number is 440-708-0561.

Owners to pay a cash reward of $1000……..

Do you know someone looking to buy real estate in the Cleveland Ohio area?  It could put some cash in your pocket.

The owners of the following property are offering a $1000 reward if you supply us the name of the person who buys their condo in Bainbridge Township.  Click the link below for complete property details and photos:

http://login.neohrex.com/Reports/ReportViewer.aspx?hidMLS=NEOH&emailReportRid=9348675&hidEntryPoint=ME

The $1000 will be paid to the first person supplying the buyers name to us, their agents.  It is suggested that you e-mail that information to us at  jimnorbuta@remax.net  in order to time stamp your submission.  Only one $1000 payment will be made.  In cases where multiple people submit the buyers name at the same time, the reward will be split equally.  Real estate agents are not eligible.  Payment will be made immediately after the closing.

Our cell phone number is 440-708-0561.

The following information about Aurora 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 

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

The following information about TWINSBURG 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                                                                                                                                                                                                                          

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

INVENTORY REPORT FOR March 7, 2010

Price Range                  Active&Contingent        Pending& Sold     Current Inventory
$100,000 – $200,000          48                                       46                         6 months
$200,001 – $300,000          50                                       29                           10 months
$300,001 – $500,000          41                                        31                             8 months
$500,001 +                        47                                          7                                40 months

Total Homes for Sale 186
Average Sales/Month 19
Months of Inventory 10

In less than 4 months, inventory levels for homes have increased dramatically.  There is now a 10 month inventory of homes, as opposed to 6 months inventory in mid-November 2009.  This is not unusual, as listings have increased and sales decreased over the winter months.  While the homes priced under $500,000 had increases of approximately 3 months each, the same cannot be said for the Solon Luxury Home market.  Inventory levels here increased from 12 months to 40 months. 

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 in the Cleveland real estate market.  Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community.

For families and individuals involved in a Cleveland 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 in the Cleveland, Ohio area.

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

Jim & Joan Norbuta

RISMEDIA, March 4, 2010—Existing-home sales fell in January 2010 but are above year-ago levels, according to the National Association of Realtors. Existing-home sales- including single-family, townhomes, condominiums and co-ops- dropped 7.2% to a seasonally adjusted annual rate of 5.05 million units in January from a revised 5.44 million in December, but remain 11.5% above the 4.53 million-unit level in January 2009.

Lawrence Yun, NAR chief economist, said there is still some delay between shopping and closing that affected current sales. “Most of the completed deals in January were based on contracts in November and December. People who got into the market after the home buyer tax credit was extended in November have only recently started to offer contracts, so it will take a couple months to close those sales,” he said. “Still, the latest monthly sales decline is not encouraging, and raises concern about the strength of a recovery.”

Total housing inventory at the end of January fell 0.5% to 3.27 million existing homes available for sale, which represents a 7.8-month supply at the current sales pace, up from a 7.2-month supply in December. Raw unsold inventory is 9.6% below a year ago, and is at the lowest level since March 2006.

“Activity should be picking up strongly in late spring as buyers take advantage of the tax credit, which is critical to absorb distressed properties reaching the market and to continually chip away at inventory,” Yun said. “With a downtrend in the number of homes on the market, especially in the lower price ranges, values are beginning to firm but with great variance around the country.”

The national median existing-home price for all housing types was $164,700 in January, unchanged from a year earlier. Distressed homes, which accounted for 38% of sales last month, continue to downwardly distort the median price because they typically are discounted in comparison with traditional homes in the same area.

A parallel NAR practitioner survey shows first-time buyers purchased 40% of homes in January, down from 43% in December. Investors accounted for 17% of transactions in January, up from 15% in December; the remaining sales were to repeat buyers. The survey also shows that buyer traffic increased 9.4% in January.

NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said buying a home in the current environment has become more challenging. “First-time buyers and others who need a mortgage are increasingly losing out to all-cash investors for the best bargains in many areas, particularly for foreclosed homes where cash is king,” she said. “Inventory conditions vary by price range, and of course there are major differences depending on location. Realtors are the best buyer resource for strategies on winning bids in increasingly competitive markets,” Golder said. “The bidding for more desirable homes will only accelerate between now and the April 30 contract deadline to qualify for a tax credit of up to $8,000.”

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage edged up to 5.03% in January from 4.93% in December; the rate was 5.05% in January 2009.

Single-family home sales fell 6.9% to a seasonally adjusted annual rate of 4.43 million in January from a level of 4.76 million in December, but are 8.6% above the 4.08 million pace in January 2009. The median existing single-family home price was $163,600 in January, down 0.4% from a year ago.

Existing condominium and co-op sales dropped 8.1% to a seasonally adjusted annual rate of 620,000 in January from 675,000 in December, but are 38.1% above the 449,000-unit level a year ago. The median existing condo price was $172,400 in January, which is 1.4 % higher than January 2009.

Northeast
Regionally, existing-home sales in the Northeast fell 10.9% to an annual pace of 820,000 in January but are 22.4% above a year ago. The median price in the Northeast was $245,300, a gain of 8.8% from January 2009.

Midwest
Existing-home sales in the Midwest declined 6.9% in January to a level of 1.08 million but are 8.0% higher than January 2009. The median price in the Midwest was $130,300, which is 1.0% below a year ago.

South
In the South, existing-home sales dropped 7.4% to an annual pace of 1.87 million in January but are 12.0% above a year ago. The median price in the South was $140,200, down 2.0% from January 2009.

West
Existing-home sales in the West declined 5.2% to an annual rate of 1.28 million in January but are 7.6% higher than January 2009. The median price in the West was $203,400, down 5.8% from a year ago.

To get on the mailing list for RIS MEDIA, go to:

http://rismedia.com/2010-03-03/existing-home-sales-down-in-january-2010-but-higher-than-year-ago/

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.

Each price range reflected additional listings and reduced sales.  Sunshine and government incentives should reflect positively in our next reporting period.

44022     CHAGRIN FALLS      44023

6 MONTH INVENTORY REPORT FOR March 3, 2010

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000         155                           84                                11 months

$300,001 – $500,000         131                            43                                 18 months

$500,001 +                            159                             23                                  41 months

    ….TOTALS……..              445                          150

Total Homes for Sale                 445

Average Sales/Month                 25

Months of Inventory                 17.8

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.  Our purchase analysis for buyers provides all the details you need to make a good financial 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

This  market report covers Burton and the surrounding areas comprising the Berkshire School District.  While a not so distant cousin of the Cleveland Real Estate Market, this community is well known for their Pancake Breakfasts, Maple Festival, and The Great Geauga County Fair.  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.

12 MONTH INVENTORY REPORT FOR JANUARY 6, 2010

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$100,000 – $150,000         12                                  10                    14 months

$150,001 – $200,000        7                              13                                 6 months

$200,001 +                         19                            4                                  57 months

….TOTALS……..              28                           27

Total Homes for Sale                 28

Average Sales/Month                 2.25

Months of Inventory                 12

The market is active and steady in the mid-price range of $150-200,000.  The typical commute from Burton to downtown Cleveland is 50 minutes.  Did we mention that property taxes are very low in Burton when you compare them with the rest of the Cleveland Real Estate Market.

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 Berkshire are highly recommended.

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, Burton, 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 Real Estate, The City of Aurora.  If you are a home buyer or home seller, and especially if relocation to Cleveland 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, we do a comprehensive analysis of your community/neighborhood.

44202     Aurora      44202

INVENTORY REPORT FOR January 5, 2010

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000                 110                             57                           12 months

$300,001 – $500,000                 49                           29                           10 months

$500,001 +                                31                             3                           62   months

….TOTALS……..                         190                           89

Total Homes for Sale                  190

Average Sales/Month                  14.8

Months of Inventory                   13

Real estate sales in the Aurora market have improved dramatically since our report 3 months ago:  

In the $150-300,000 range, the inventory levels fell from 19 months to 12 months.  

In the $300-500,000 range, the inventory levels fell from 15 months to 10 months.

However, Aurora real estate priced above $500,000 continued to suffer.  Inventory levels increased slightly from 58 to 62 months inventory.

If you are looking to purchase a home in the near future, please give us a call.  We are able to show all properties listed by nearly all real estate brokers and most for sale by owner homes. 

For families and individuals involved in a relocation transfer, you’re timing is excellent.  Greater Cleveland Real Estate is one of the most affordable in the country.

The FindingClevelandHomes.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®                                                                                                                                                                                                            Accredited Buyers Representative (ABR)
RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

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.

http://www.findingclevelandhomes.com/2009/12/04/are-you-linkedin-on-relocation-from-your-cleveland-relocation-specialist/

Contact us if you would like to follow our activity in the Chagrin Falls real estate market:
——————————————————————————————————-
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 & Chagrin Falls 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®

Fifth Third Bank is quoting a 30 year fixed mortgage at 4.625%. Rates have fluctuated over the past several months, with this being the lowest we can re-call in the past year or so.

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®

If you are a luxury home buyer, 1st time home buyer, or trying to find lots for sale, this same type of analysis is an important part of learning the state of the market in the community or neighborhood of interest. Chagrin Falls real estate and Bainbridge Township real estate are showing significantly higher inventory levels. Before you begin to negotiate, get the details for communities of interest. This study includes Twinsburg Ohio real estate, within the zip code 44087.

City of Twinsburg Ohio

INVENTORY REPORT FOR November 16, 2009

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

$100,000 – $200,000 _ _ _ _ _ _ 96 _ _ _ _ _ _ _ 79 _ _ _ _ _ _ _ 7 months
$200,001 – $300,000 _ _ _ _ _ 52 _ _ _ _ _ _ _ 65_ _ _ _ _ _ _ 6 months
$300,001 + _ _ _ _ _ _ _ _ 27 _ _ _ _ _ _ _ 15 _ _ _ _ _ _ 11 months

Total Homes for Sale 175
Average Sales/Month 26.5
Months of Inventory 6.6

It certainly appears that homes for sale in Twinsburg Ohio have returned to normal levels. This compares to the continued elevated levels of homes for sale in Chagrin Falls, Bainbridge Township, Auburn Township, and Aurora. Solon Ohio levels of homes for sale have also returned to normal levels.

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 HOME BUYERS AND HOME SELLERS should be aware of them for your street, neighborhood, and community. EVERY SITUATION 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 12 months. Luxury homes for sale in Chagrin Falls, Bainbridge Township, and Aurora are at considerably higher inventory levels. Be prepared to negotiate. There are still excellent values available in every price range.

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®

If you are a luxury home buyer, 1st time home buyer, or trying to find lots for sale, this same type of analysis is an important part of learning the state of the market in the community or neighborhood of interest. Chagrin Falls real estate and Bainbridge Township real estate are showing significantly higher inventory levels. Before you begin to negotiate, get the details for communities of interest. This study includes Solon Ohio real estate, within the zip code 44139.

City of Solon Ohio

INVENTORY REPORT FOR November 16, 2009
Price Range———–Active&Contingent———–Pending& Sold——-Current Inventory
$100,000 – $200,000 _ _ _ _ _ _ 39 _ _ _ _ _ _ _ 58 _ _ _ _ _ _ _ 4 months
$200,001 – $300,000 _ _ _ _ _ 51 _ _ _ _ _ _ _ 45_ _ _ _ _ _ _ 7 months
$300,001 – $500,000 _ _ _ _ 41 _ _ _ _ _ _ _ 49 _ _ _ _ _ _ _ 5 months
$500,001 + _ _ _ _ _ _ _ _ 50 _ _ _ _ _ _ _ 25 _ _ _ _ _ _ 12 months

Total Homes for Sale 181
Average Sales/Month 29.5
Months of Inventory 6.1

Homes for sale in Solon Ohio have returned to normal levels. This compares to the continued elevated levels of homes for sale in Chagrin Falls, Bainbridge Township, Auburn Township, and Aurora.

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 HOME BUYERS AND HOME 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 12 months. Luxury homes for sale in Chagrin Falls, Bainbridge Township, and Aurora are at considerably higher inventory levels. Be prepared 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®

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®

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.

RELOCATION….An exciting but stressful time

Congratulations are in order.  Chances are very good that you’ve accepted more responsibility within your organization, or accepted a position with a new company and a new location.    It’s time to celebrate… 

Time’s up.  Now it’s time to get moving.

We’ve done this dance 3 times with major corporations that we’ve worked for.   That’s why we’re sure that now is not the time for your co-worker’s friend who just happens to be a Realtor®.  Now is the time for a Realtor ® who has experienced Relocation from both sides.

Timing is everything.

You need responsiveness, outstanding communication, knowledge, expertise, and someone who understands that your schedule may change at the last moment.  You need a Realtor® who understands that you have to buy right because you may be selling in less than 3-5 years.

Families from Brazil, China, England, Panama, and many parts of the United States have chosen us for their relocation.

Can we help you with your relocation?

Definitely, but not necessarily as your Realtor®.  We focus on the southeast suburbs of Greater Cleveland, including the communities of Chagrin Falls, Bainbridge Township, Aurora, Twinsburg, Solon, South Russell, and others.  If you decide on a community outside our area of expertice, we will refer you to an associate who specializes in your desired location and work with them to insure your satisfaction.   

Let’s get started… Contact us today:

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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

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:

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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

Click here for entire article from RIS Media.  

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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. 

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

website: http://www.jimandjoan.com

The next step is calling agents about homes they like, or going to open houses on their own.  Even in the process of relocation, home seekers often don’t want to bother an agent until they find a home or community they have an interest in.

This is why you need to be aware of the real estate laws in your state.  In Ohio, by contacting a listing agent and visiting a home they have listed without your (buyers’) agent, you are giving up your negotiating power.  If you visit an open house or schedule an appointment without your buyers’ agent, you are, in essence, hiring the sellers’ agent to represent you.   

Even though the employer may have contract with a relocation company or real estate brokerage to represent the corporation, the individual employee is likely to be unrepresented according to Ohio Real Estate Law. 

What is the solution?

Home buyers should select a buyers’ agent to represent them prior to beginning their search.  We strongly suggest they select their agent with the same care they would in selecting a listing agent.  Sign a simple agreement with the buyers’ agent.  This will protect the home buyers’ negotiating power. 

For relocation without a relocation company:     contact your home town real estate agent and ask them to refer you to a buyers’agent in your new city (they have the expertise to do the research for you and find an agent specific to your likes and needs). 

For local moves:  do the same due diligence in finding a buyers’agent as you would in finding a listing agent.

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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 home search or to assist you in finding a buyers’ agent. 

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

website: http://www.jimandjoan.com

Gold cards are not valid when an event is sponsored by an organization other than the schools (PTO, Boosters, etc.) as a fundraiser.  The card cannot be used for athletic events such as conference, regional, or state playoffs.

Gold Cards can be obtained at the Kenston Board Office on school days:  17419 Snyder Road, at the west end of the Kenston Intermediate School building.

BRING YOUR DRIVERS LICENSE….

………………………………………………………………………………………………………………………………………

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

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

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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

RISMEDIA, October 26, 2009—Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. Existing-home sales–including single-family, townhomes, condominiums and co-ops–jumped 9.4% to a seasonally adjusted annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2% higher than the 5.10 million-unit pace in September 2008. Sales activity is at the highest level in over two years, since it hit 5.73 million in July 2007. 

Lawrence Yun, NAR chief economist, said favorable conditions matched with a tax credit are boosting home sales. “Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home,” he said. “We are hopeful the tax credit will be extended and possibly expanded to more buyers, at least through the middle of next year, because the rising sales momentum needs to continue for a few additional quarters until we reach a point of a self-sustaining recovery.” 

Even with the improvement, Yun said the market is underperforming. “Despite spectacular gains in the stock market, principally from the financial sector recovery, most of the 75 million home owning families have more wealth tied to their homes. Home values could soon turn consistently positive and help the broad base of middle-class families, but we are not there yet,” he said. “We’re getting early indications of price stabilization, but we need a steady supply of qualified buyers to meaningfully bring inventories down and return us to a period of normal, steady price growth and to fully remove consumer fears, which would then revive the broader economy. Without a firm foundation for middle-class wealth recovery, the post-recession economic growth likely will be one of the weakest in U.S. history.” 

Early information from a large annual consumer study to be released November 13, the 2009 National Association of Realtors® Profile “Potential first-time buyers can take heart in that affordability conditions this year are the highest on record dating back to 1970, but with the first-time buyer tax credit scheduled to expire at the end of next month, people could hold back from entering the market,” of Home Buyers and Sellers, shows that first-time home buyers accounted for more than 45% of home sales during the past year. A separate practitioner survey shows that distressed homes accounted for 29% of transactions in September. 

NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said affordability conditions remain historically high. he said. “Our read is that housing overshot on the downside because homes are selling for less than replacement construction costs in much of the country, and the home price-to-income ratio has fallen below the historical average,” McMillan said. 

Total housing inventory at the end of September fell 7.5% to 3.63 million existing homes available for sale, which represents an 7.8-month supply at the current sales pace, down from an 9.3-month supply in August. Unsold inventory totals are 15.0% below a year ago. 

“The current housing supply is the lowest we’ve seen in two and a half years,” Yun said. “If we could continue to absorb inventory at this pace, home prices would return to normal, modest appreciation patterns next year. 

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 5.06% in September from 5.19% in August; the rate was 6.04% in September 2008. The national median existing-home price for all housing types was $174,900 in September, which is 8.5% lower than September 2008. Distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes in the same area. 

Single-family home sales rose 9.4% to a seasonally adjusted annual rate of 4.89 million in September from a pace of 4.47 million in August, and are 7.7% above the 4.54 million-unit level in September 2008. The median existing single-family home price was $174,900 in September, which is 8.1% below a year ago. Existing condominium and co-op sales jumped 9.7% to a seasonally adjusted annual rate of 680,000 units in September from 620,000 in August, and are 9.7% above the 561,000-unit pace a year ago. The median existing condo price was $175,100 in September, down 11.7% from September 2008. 

Northeast
Regionally, existing-home sales in the Northeast increased 4.4% to an annual level of 950,000 in September, and are 11.8% higher than September 2008. The median price in the Northeast was $234,700, down 7.0% from a year ago. 

Midwest
Existing-home sales in the Midwest jumped 9.6% in September to a pace of 1.25 million and are 7.8% above a year ago. The median price in the Midwest was $147,600, which is 1.0% below September 2008. 

South
In the South, existing-home sales rose 9.0% to an annual level of 2.06 million in September and are 10.8% higher than September 2008. The median price in the South was $153,500, down 7.6% from a year ago. 

West
Existing-home sales in the West surged 13.0% to an annual rate of 1.30 million in September and are 5.7% above a year ago. The median price in the West was $219,000, which is 15.0% below September 2008. 
Read more: http://rismedia.com/2009-10-25/big-rebound-in-existing-home-sales-shows-first-time-buyer-momentum/#ixzz0VWFJxjbN

REALTORS® are licensed professionals and real estate is what they 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

We are pleased to share this information to you. We have been clients of Parkview Federal Savings and Richard Force for at least 10 years. We highly recommend his services.

Richard Force
Assistant Vice President
Bainbridge Savings
8500 Washington St.
Chagrin Falls, OH 44023
Phone: (440) 543-8889
Fax: (440) 543-8217
Email: Richard.Force@pvfsb.com

  The Following Rates are Effective for October 29, 2009

15 Year Fixed Rate Loan
Rate	Points	APR
4.375	0.000	4.459
4.875	No Cost*	4.916
A $165,000 mortgage loan at 4.375% will be paid in 180 monthly installments of $1,251.72.**

20 Year Fixed Rate Loan
Rate	Points	APR
4.875	0.000	4.942
5.500	No Cost*	5.534
A $165,000 mortgage loan at 4.875% will be paid in 240 monthly installments of $1,077.57.**

30 Year Fixed Rate Loan
Rate	Points	APR
5.000	0.000	5.050
5.500	No Cost*	5.525
A $165,000 mortgage loan at 5.000% will be paid in 360 monthly installments of $885.76.**

Home Equity Line of Credit
Tier	APR
$5000+	5.000
Home equity line of credit rates are based on the Prine Rate plus or minus a margin, the amount of the loan, credit score, and the APR that can range from 5.00% to 5.25%. Minimum rate is 5.00%, the Maximum rate is 24%.

LOT Loan
Rate	Points	APR
5.500	1.000	4.816
6.500	0.000	4.397

Fixed Rate Home Equity
Term	Rate	APR
60 mos	6.500	6.921
96 mos	6.750	7.025
144 mos	7.000	7.195
Home equity loan rates are fixed for the life of the loan. Based on a loan to value of 80%, a $25,000 loan at 7.000% is repaid in 144 monthly installments of $257.10

Turning your dreams into realityIn 1920, Park View Federal Savings Bank started out in one small office overlooking Cleveland’s Woodland Hills Park. Today, our branch network reaches across seven Northeastern Ohio counties. We have grown by being good at what we do. We are good at what we do because we stay focused on providing flexible, personalized banking solutions for our customers. The services and programs we offer are designed with this goal in mind.Your account with Park View Federal Savings Bank has a number; but we never forget that YOU have a name!
You know your account number; we know your name because personal service is our top priority.

As your needs grow and change over the years, you can count on Park View Federal to be flexible and ready to help.
Rates are subject to change without notice and require a checking account with Park View Federal or enrollment in our automatic payment program. Final loan approval is subject to the bank’s appraisals and underwriting standards. Property insurance is required.

Loans for owner-occupied homes only. Adjustable mortgage rates are subject to increase after consummation. Initial discounted rate reflects a reduction in the effective rate until the first adjustment (i.e., one year, three years, five years). Afterward, payment and APR may increase or decrease annually over the remaining 348 months. Maximum 2% rate decrease or increase per adjustment. Lifetime maximum annual contract rate 6% above the initial contact rate.

* $50,000 minimum loan amount

** Assumes a 20% down payment and a minimum credit score of 740 or higher.

Better service from a better bank

REALTORS® are licensed professionals and this is what they 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://www.findingclevelandhomes.com/2009/10/29/local-mortgage-rates-for-greater-cleveland-october-292009/feed/ 0 http://www.findingclevelandhomes.com/2009/10/29/homebuyer-tax-credit-would-expand-to-owners-under-senate-plan/ http://www.findingclevelandhomes.com/2009/10/29/homebuyer-tax-credit-would-expand-to-owners-under-senate-plan/#comments Thu, 29 Oct 2009 15:46:41 +0000 Jim Norbuta http://www.yourclevelandrealtors.com/?p=908 Oct. 29 (Bloomberg) — The $8,000 tax credit for first-time homebuyers would be extended and some people who already own residences could claim a benefit under a proposal by Senate Democrats.

An agreement reached yesterday by the Democrats would let homeowners who buy a new home qualify for a $6,500 credit if they have lived in their prior residence for five years, according to Regan Lachapelle, an aide to Senate Majority Leader Harry Reid.

“The compromise we have now would expand the credit beyond first-time homebuyers,” Lachapelle said. Lawmakers expect to consider the measure as part of a bill to extend unemployment benefits, she said. That measure has been held up by a disagreement with Republicans over other proposed amendments.

Lawmakers have said they want to keep home sales from slipping as the economy struggles to recover from the worst drop in home prices since the Great Depression. The plan would extend the homebuyers credit, due to expire Nov. 30, to home purchases under contract by April 30, 2010, with borrowers allowed another 60 days to close the sale, according to a person familiar with the details of the agreement.

The credit would be available to individuals earning up to $125,000, or $250,000 for couples, up from $75,000 for individuals and $150,000 for couples under the current law, Lachapelle said.

Operating Losses

The amendment on the homebuyers credit is being packaged with a separate proposal to extend and expand a tax break for companies with net operating losses.

Any legislation would have to be reconciled with a House unemployment measure approved last month that omits the homebuyer tax provisions and extends jobless benefits only in states with the highest unemployment rates.

House Speaker Nancy Pelosi, a California Democrat, is waiting to see the final Senate agreement before deciding whether to support it, said spokesman Nadeam Elshami.

More than 1.2 million borrowers through Oct. 9 have claimed almost $8.5 billion of the $13.6 billion set aside for “first- time” homebuyer tax credits this year, according to U.S. Treasury data.

Realtors and mortgage bankers said the credits, which are available for taxpayers who haven’t owned a home in the past three years, have helped stabilize housing sales this year.

“Already we’ve seen the impact of this credit in jump- starting the housing sector,” Banking Committee Chairman Christopher Dodd, a Connecticut Democrat, said on the Senate floor. He said it would be a “great mistake” to allow the break to lapse. Dodd estimated that more than 70 percent of current homebuyers would be eligible for the break.

Reid Cites Support

While the tax credit speeds demand for homes from next year to this year, it won’t necessarily increase overall sales, said Scott Buchta, head of investment strategy at Guggenheim Securities LLC in Chicago.

“They do need to expand the credit to get more people involved, but at the end of the day you are paying people tax dollars to do what they probably would have done anyway,” Buchta said. “If it is passed, home sales of lower-priced homes should continue to hold their ground. However, if it is not passed we will probably see home sales slow down as we wait for natural demand to build up again.”

Reid, a Nevada Democrat, said on the Senate floor yesterday that there is significant support among both parties for the homebuyers’ tax credit. He said the other amendments sought by Republicans are unrelated to the unemployment bill and are designed to embarrass his colleagues.

Republicans want to vote on amendments on immigration and to bar funding for the community activist group ACORN.

Not Far From Agreement

Senate Minority Leader Mitch McConnell, a Kentucky Republican, agreed that most lawmakers support the unemployment and homebuyer measures. “We’re not that far away from an agreement,” he said yesterday.

The $2.4 billion unemployment measure would extend jobless benefits by 14 weeks in all states and provide an additional six weeks of benefits in states with the highest unemployment rates.

About 1.9 million Americans will exhaust their unemployment benefits by the end of this year unless Congress acts, the Labor Department said.

To contact the reporters on this story: Dawn Kopecki in Washington at dkopecki@bloomberg.com; Brian Faler in Washington at bfaler@bloomberg.net

REALTORS® are licensed professionals and this is what they 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

As you look through the listings and find homes that are of interest to you, what is the first step you make toward beginning your search?

Many of you call the listing agent for the first property you find of interest.  

THAT COULD BE THE BIGGEST MISTAKE THAT YOU WILL EVER MAKE IN  BUYING A HOME OR IN FINDING AN AGENT TO REPRESENT YOU!!!

Please be aware that under Ohio Real Estate law, if you contact the listing agent about their listing, they are working for the seller, not you.  What will that do for your negotiating power?

Here’s another important question: Is this random selection the best way to find a real estate professional to assist you?

WE STRONGLY RECOMMEND THAT YOU FIND YOUR BUYERS’ AGENT FIRST

For relocation:   contact your home town real estate agent and ask them to refer you to a BUYERS AGENT in your new city(they have the expertise to do the research for you). 

For local moves:  do the same due diligence in finding a BUYERS AGENT as you would in finding a listing agent

Contact agents by e-mail or phone and check out their website and blogs.

REALTORS® are licensed professionals and this is what they 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.

In an area where homes are selling at and above County Appraised Values, there is one home for sale that is worth your attention.  As we approach our tenth year as Realtors®, I can’t remember a single home priced this far below it’s appraised value.

This is not bank owned or a short sale to the best of our knowledge.  It is currently occupied. The home is in a small development of upscale properties,  there is a large neighborhood pond, sits on a 3 acre private lot, and is listed for $107,000 below the County Appraised Value….and this is the ASKING PRICE.

If you are looking for a beautiful home and a potentially terrific investment:

                                                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.

Here is an excellent question asked regarding our blog post on LinkedIn:

Hi Jim:

Since many appraisals were inflated, I’m wondering how much of a “fudge factor” there might be in that $107,000 swing?   How about in other homes for sale that refer to a figure that’s under the appraisal?   What would be a conservative approach to looking at those figures?

Tim, Cleveland State University

Here is our answer:

Tim,You have a terrific question based on the information that was provided to you. Here are some additional facts that might help you in substantiating the value for this property.First, this 15 year old home has had only one owner. The appraisal was not done by a bank trying to sell a mortgage note, it was done by the county. Other homes in the area are selling near or above county appraised value.While looking at figures is one part of determining a “fair market value” for a property, viewing similar properties in the immediate area is essential in establishing an offer for a property. My clients and I have covered this thoroughly.In my opinion, what we have here is a more motivated seller than your average seller in this area. There are a few sellers who have determined that moving on is more important than making a profit, but not very many. Since this house was built 15 years ago, the asking price may be slightly above or at the original purchase price.

This home is stone on all sides. I can’t begin to tell you what the stone alone would cost today, but I’m guessing in the $100,000 range.

SOMEONE IS GOING TO GET A VERY GOOD BUY HERE….

Does this answer your question?

Many Blessings,

Jim

 

OUR ORIGINAL POST FOLLOWS:

 

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). It located in a small development of fine homes on a private lot, less than 5 minutes from the highway.

We recently showed this 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. It was their 2nd choice for reasons we can explain.

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 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.

This is a relocation question recently posted on LinkedIn:

Is there any market at all for ‘modern’ homes in Cleveland suburbs? My wife and I would love to build a home in a lake or geauga county suburb that looks like it belongs in LA, Miami, or NYC. Would a “highly-modern” home be hard to sell down the road given the real estate trends in Cleveland?

Here is our reply:

What a terrific question. We recently sold a home in the Bainbridge Township /Chagrin Falls/Aurora area that looked like it belonged near Biscayne Bay or North Miami. We will add the photo of the house to the front page of our website for your review: http://www.findingclevelandhomes.com/
The style is Mediterranean, and very unusual for the Cleveland Market. However, this builder has sold a number of homes of this style in our area. The interior features included a home theatre, wine cellar, audio system, zone heating…we could go on and on. It was green built and 5 star energy rated.
It was unusual for our community, but we wouldn’t call it modern. Oh, by the way, the exterior features include a covered veranda with fireplace and a 2 story water feature. It is a spectacular home and in a community of upscale homes, each with their own unique architectural design. We’ll be glad to take you to see this area. There are additional lots available.

We still haven’t answered your question…because we would have to ask you a few more questions about your definition of “highly modern”.  However, caution would be advisable in the Cleveland market.

Their reply:   Interesting. Thanks for the insightful thoughts!

If you have any questions about real estate or relocation, you can e-mail them to us from our website.  You’ll receive a prompt reply. 

Jim 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 of Greater Cleveland.

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.

44202     Aurora      44202

INVENTORY REPORT FOR July 30, 2009

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000                 99                             31                           19 months

$300,001 – $500,000                 64                           26                           15 months

$500,001 +                             39                             4                            58   months

….TOTALS……..                         202                           61

Total Homes for Sale                  202

Average Sales/Month                  10.2

Months of Inventory                   20

This is your tracking report for Aurora.  Yes, there are a lot of properties for sale, but things are improving.  Improvement has been seen in Chagrin Falls, Solon, Bainbridge, Auburn, 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 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.

If you are looking to purchase a home in the next few months, please give us a call.  We are in our 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 58 months.  If you are ready to negotiate, there are still excellent values available in every price range.

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 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.

Also, visit our post, Signs that the Market has Turned:  http://www.findingclevelandhomes.com/2009/07/14/signs-that-the-real-estate-market-has-turned%e2%80%a6/

(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         185                              90              12 months/last month 15

$300,001 – $500,000        178                              65               16 months/last month 20

$500,001 +                      178                             34             31 months/last month 51

….TOTALS……..                     541                            189

Total Homes for Sale                 541

Average Sales/Month                 31.5

Months of Inventory                 17

This past month reflects tremendous improvement in the sale of homes in CHAGRIN FALLS.  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, 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.

If you are looking to purchase a home in the next few months, please give us a call.  We are in our 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 31 months, a dramatic improvement of 48 months  just 30 days ago.  If you are ready to negotiate, there are still excellent values available in every price range.

For families and individuals involved in a relocation transfer, you’re timing is excellant.  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 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.

Also, visit our post, Signs that the Market has Turned:  http://www.findingclevelandhomes.com/2009/07/14/signs-that-the-real-estate-market-has-turned%e2%80%a6/

The key change, in my estimation, is what the sellers are doing with offers that come across the table. 

Buyers and sellers (buyers agents/sellers agents) would normally use the same market facts to arrive at what they determine to be fair market value for a property.  Somehow, and in about 90% of the cases, there would be a significant discrepancy in the values reached by buyer and seller.

In today’s market, sellers have changed.  While still not willing to listen to low ball offers, sellers are now compelled to see the picture from the other side of the table.  When they do, transactions have been the result.

That’s the way we find it in the suburban Greater Cleveland market.

Good reasons to buy now…low mortgage rates, home prices have dropped, tax credit for 1^st time buyers, more properties available, and MOTIVATED SELLERS.   

Now is a great time to contact 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 in Ohio and beyond.

Fabulous Condo! Well-maintained! One-floor Plan! Vaulted Ceilings, Wood Floors, Terrific Master Suite W/Jetted Tub, Lots Of Storage, All Appliances. Come See All The Special Features Of This Home.                    $199,000

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.

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.

We have seen the interest rate market calm down in the last week where as 30 year money is back in the 5.25% – 5.375% range, 15 year 4.75% – 4.875%. I expect this trend to continue and we should see rates settle back to 5%. This past week we saw foreign investors purchase nearly 60% of the U.S. treasures or debt issued by the U.S. Government. That is a big number and a positive indicator for lower rates.

Demand Strong for Treasury Debt

With major economic data, large Treasury auctions, and a Fed meeting on the schedule, it was a busy week for mortgage markets. In the end, it was the Treasury auctions which had the greatest impact on mortgage rates. Demand was very strong at the auctions, which pushed mortgage rates lower. Wednesday’s Fed announcement and mixed economic data were roughly neutral for mortgage rates.

Much of the rise in interest rates we saw in late May and early June was due to concern about the enormous supply of debt the government needs to issue to pay for all the stimulus programs. The question was whether investors would require significantly higher yields to continue purchasing bonds. Strong demand from both domestic and foreign investors at this week’s Treasury auctions eased those concerns for now and helped mortgage rates to reverse some of their recent increases.

As expected, the Fed made no change in the fed funds rate. However, investor expectations varied widely for the Fed’s statement, but the statement revealed no significant shifts in policy. In particular, there was no change in the timing or the quantity of future MBS and Treasury purchases. In addition, the statement contained no discussion about exit strategies to eventually unwind Fed stimulus programs. Overall, the Fed simply held the course, and mortgage rates were nearly unchanged after the news.

In the housing sector, May Existing Home Sales rose 2.4%. It was the first time since September 2005 that Existing Home Sales increased for two months in a row. The inventory of unsold homes declined to a 9.6-month supply from a 10.1-month supply in April. A NAR survey revealed that 29% of sales were to first-time homebuyers, helped by the $8,000 tax credit, low mortgage rates, and favorable affordability levels.

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

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.

Fabulous Location! Less Than 3 Miles From Chagrin Falls Village. 3 Minutes To Hwy 422. Assisted Living Facility Licensed Up To 16 Residents. Original Home Built In 1850. Major Addition & Updates 1995-1998. Fully Furnished Handicap Mod-chair Glide, Alarms, Detectors. 3 Acres. Owner will consider Creative Financing.     $625,000

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.

Fabulous Condo! Well-maintained! One-floor Plan! Vaulted Ceilings, Wood Floors, Terrific Master Suite W/Jetted Tub, Lots Of Storage, All Appliances. Come See All The Special Features Of This Home.                    $199,000

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.

Incredible 29 Acres Located on route 306, less Than 1/4 Mi From Route 422. Utilities On Property or at the street. Public Sewer at the street.   Currently Doing Business As A Nursery.  Located only 35 minutes from downtown Cleveland and Cleveland Hopkins Airport.  Family Compound?  Business Opportunity?

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.

This week’s Consumer Price Index (CPI) and Producer Price Index (PPI) data indicated that inflation is not a concern in the short-term. A significant decline in energy prices from one year ago resulted in a very low overall annual inflation rate. Even Core CPI, which excludes food and energy, rose at a tame 1.8% annual rate. However, the benefits from the favorable inflation news was offset by stronger than expected economic growth data. In particular, the Philadelphia Fed manufacturing index showed surprising improvement. In addition, May Housing Starts rose 17% from April, while Building Permits, a leading indicator of future activity, also exceeded expectations. This week’s data sets the stage for next week’s Fed meeting. With inflation currently low but at risk of increasing if the economy continues to improve, the Fed may be reluctant to introduce more stimulus, opting instead to wait and see how the economy performs.

President Obama this week proposed broad new rules for regulating the financial system. One proposal under the Obama plan would create a consumer protection agency which would have the authority to set rules for the mortgage industry. The details may not be known for quite a while, as the plan now faces a lengthy debate in Congress.

Also Notable:

• The -1.3% decline in CPI from one year earlier was the largest annual decline since 1950
• Continuing Jobless Claims fell for the first time in twenty weeks
• The Fed’s Bullard predicted that the economy will begin to improve during the third quarter
• The Fed purchased $20 billion in agency MBS during the week ending 6/17

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

• 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