Local Market Perspective: Cleveland, Ohio
Here in Cleveland, watch the market for the best deals! Some sellers are against the wall and will sell well under market value. Other sellers are really the relocation companies or the banks backing a short sale. Learn the market, learn the values, watch and…
WAIT:
Know when it’s time to hop on a property. Check the history of the price reductions.  Check them every 30 days? Every 40 days?  When it’s close to your price, make an OFFER just BEFORE the price is reduced. If you don’t, other savvy buyers will jump in and grab it.
BUY: 
NOW! The Cleveland market will correct and you will have instant built-in equity. Other locations — including Las Vegas, much of California and Florida — have two corrections to make. The first adjustment is for over-inflated “bubble” prices. The second is a natural correction to a normal market. Here in Cleveland, we only have the normal correction to go through.
SELL:
Believe it or not there are solid buyers out there looking to buy and there are not a lot of very good choices. Many sellers are waiting until the market at least begins to correct before going on the market. Your house could be the gem among very tired listings in its price range. Sell your current less expensive house and buy-up to a more expensive one. You will lose on the selling end, but pick up much more than you’ve lost on the buying side. Don’t forget that there are good interest rates waiting for you. Call me in Cleveland. I can help!
Contact Evie Braman or post comments below.
