Real Estate in Northern Ohio
Brett Young
216-532-3470216-532-3470

Weekly Real Estate Newsletter by Brett

 

 

 

Rooftopinvestment Magazine by Brett Young Coldwell Banker

Increasing prices in Real Estate is getting Cleveland Prices back to Pre-Recession levels

This story comes from http://blog.cleveland.com/ by Northeast Ohio Media Group Marketing Staff

They talk about the 180 degree turnaround in the Cleveland Market.

” The commercial real estate market in Cleveland has experienced a complete turnaround since 2011, signaling a new surge in opportunity for businesses looking for property in the area. This remarkable recovery has led to increased property values, rents and out-of-state investments.”

The part I like in that statement is property values. I am seeing a increase in the wholesale price of homes especially. The inventory is defiantly lower than it was also. The pressure on this market is starting to happen. I really have to work hard to find the great deals, but they are still here.

” According to an industry report issued by the National Association for Industrial and Office Parks (NAIOP), the strong economy is expected to increase demand for industrial property through 2015, and the industry will return to pre-Great Recession levels of growth by 2016. In this healthy market environment, Cleveland, in particular, has experienced impressive growth. Northeast Ohio Real Estate Source estimates that property values will increase between four and five percent and rents will outpace home values by the end of the year.”

This paragraph talks about the upward values of the commercial market and they fell it will exceed growing home prices by the end of this year. That is a great news as an investor you want to see steady growth in your market. Residential Real estate in the Cleveland Metro area has had a steady growth! That is what I like 4%-5% is a great rate. The story goes on to say:

” According to an industry report issued by the National Association for Industrial and Office Parks (NAIOP), the strong economy is expected to increase demand for industrial property through 2015, and the industry will return to pre-Great Recession levels of growth by 2016. In this healthy market environment, Cleveland, in particular, has experienced impressive growth. Northeast Ohio Real Estate Source estimates that property values will increase between four and five percent and rents will outpace home values by the end of the year.”

That is exactly what I predicted 6 years ago that Cleveland would become a mecca for the public to see, With the impressive growth that Cleveland is seeing don’t you think it might be time to get into this market? Got to go look at some more real estate today! Brett Young Coldwell Banker and Rooftopinvestment.com

Ohio home sales jumped in March, tracking national trend

This story comes from http://www.cleveland.com/ by Michelle Jarboe McFee, The Plain Dealer

The resales market was up 13.2% last month over the previous year and the best sales since March 2007.

” Across the Buckeye State, sales of new and previously owned homes were up 13.2 percent last month, when compared with a year before. The Ohio Association of Realtors said the state saw its strongest March since 2007. Sales also rose from February.”

This is great news the only concern is inventory. The experts want 6 months worth of inventory but we only have 4.6 months right now. You should also see new home starts grow with this trend because of the lack of resale property.

” Ohio real estate groups report average prices, instead of medians. The average sale price for a home in the state was $147,124 last month, up 8.5 percent from March 2014″

Always watching the median income properties because of the affordability issue. The average salary in the US is around $51,000 so the median income in our parts is very afforable for them.

if you want to buy a home or sale your investment or residential home please call me at 216-709-5740. I with Coldwell Banker and i have sold 100’s of homes.

Learning how to sale homes and getting the most buyers for it

Getting buyers to a home you want to sell is sometimes not easy if you don’t have the right tools. There are a lot of ways to advertise a property through newspaper, internet and many other good sources. Knowing the good sources can save you both money and time.

I have been doing my own websites and hosting them for the last 7 years and understand the ins and outs on selling real estate. You have to get all the information on each property including pictures and videos that channel it through the internet. The internet is always changing and I keep up with the changes to ensure my properties get the maximum exposure.

Let me give you a few examples. I have a home on Zillow that I listed and in two weeks it has 2346 hits and over 200 last week. The property has a interested buyer and we should get a contract on it very soon. I continually add new post and media to my Zillow site to keep it on the top of the searchs in my area. Click here to view my Zillow site. I get a text if someone has a question on my properties.

Another way is my realtor site which I post new media on 3 times a week. This site gets a lot of exposure through the Coldwell Banker name and I also add meta tags, and key words to that site in order to get more hits. I also get a text on my properties on this site. Click here to view this site

The last site I will talk about on this post in my own personal one that I designed. I also post all my listings, pictures and videos on this site. This site is building more hits every month. I have to link it and also post it on other media sites. I also keep record of all my sold properties also. Click here to view this site

Another way is the old fashion way which I’m doing today and Open House. This is a great way to get people through the home that are passing buy. Remember real estate agents sometimes miss homes on the market or they don’t think their client will like it and they don’t show it to them. Open house is a great way to get those people through to see the property.

These are a few things that I do to sale real estate for my clients. These are a few of the techniques that you can learn in my 3 day workshop. If you are a buyer or seller call me 216-703-5740 and I can get you the results you want. Brett Young Coldwell Banker and Rooftopinvestment.com

Want to set up your own Real Estate Business?

This very informative and important event will be happening this summer. There is only 6 slots open and if you want to learn the real estate business and how I sold 100’s of properties then this is the class for you.

Making it in the Real Estate business is not as hard if you know the secrects that Brett has learned over he last 30 years. The ins and outs that make you money and the things to watch for.

Having this information can save you millions of dollars and knowing it can make you millions. Click below to get more information and sign up for this important event.

New Hot Buy: Between Lakewood and Ohio City

 

What I like about this property is that is is very close to Lakewood and on off Clifton going to the Ohio City Area. The rentals available in this area are few. This is a 2 bedroom and the rents will be around $700. There are not a lot of homes that have been sold in that area in the last 6 months. That is why I like this property. All the numbers are approx
Asking Price______$42,000
Offe_____________$37,500
Rehab___________$20,000
Rent_____________$675
Tax______________$33
Mangement_______$79
Insurance________$60
Net Monthly income____________$503
I like this property because of the location and the resurgence of the Ohio City and Lakewood area. The inventory is low in this area also.

Call Brett 216-703-5740 Coldwell Banker

Looking for the Real Estate Investment Deals and Selling them

I usually have a hot buy in this Blog but the inventory is very low right now but I am looking and watching 3 properties that are in Lakewood, Solon and Strongsville for flips. I am also looking at a few properties in Lakewood, Bedford and Parma for cash flow deals.

All these properties need to be at the right price and make sense for anyone’s portfolio. I personally have to go out and look at each property before we consider it.

We will also be handling all the marketing on each type of property. This is done through many channels on the internet and direct mail. Having 1000’s of people viewing a property can only mean one thing more money for our clients.

Example: We had an open house at a clients property in Lakewood last Sunday and got over 60 people through. In fact several people were in line when Lori showed up Sunday to start the Open house. That is getting the word out and making the neighborhood know what is for sale. We did to very interested parties that are seeing it again this week.

We are starting a whole new type of Real Estate Market that will be changing all the time. It is really important to make sure that not only are you getting the best deals, but having as many people as possible wanting your product. That is what we are setting up at Rooftopinvestment.com.

So if you want a great property and know that it is being marketed to the max to rent or sale it then I am your guy. Call me today 216-703-5740 Coldwell Banker Brett Young

 

 

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