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Svetlana Stolyarova,Local-n-Global Realty, Broker

Thornbury and Signature of Solon - did we hit the bottom? Short sales and foreclosures lowered the prices in the finest Solon communities.

Market analysis reports peparation and interpretation is important part of our job as Realtors(R). We work hard to present the best interests of our clients who buy or sell houses in Solon, Twinsburg, Pepper Pike, Aurora and other suburbs of Greater Cleveland.

That's not a big secret that owners of Solon homes located in Thornbury, Signature of Solon, Chagrin Highlands lost a lot of equity due to high rate of foreclosures and short sales of the houses built after 2000. Sad for the sellers, this situation create an incredible opportunity for the buyers of Solon homes. While foreclosed houses may require substantial investments in repairs, short sale may be a real find for the qualified and patient buyers.

Accurate analysis of market conditions is crucial when you submit the offer to the bank for an approval of a short sale. I've just completed and submitted to the bank the Market Condition report on behalf of my selling clients. Numbers look so interesting that I decided to build a graph and share it with you.

Thornbury and Signature of Solon hit the bottom

It looks like we hit the bottom here in Thornbury and Signature of Solon. Is it a trend or just co-incidence? No matter what, if you want to find a real Deal in Solon, please be prepared and ready to act quickly. It's a lot of motivated, ready and willing buyers here in Solon who want to get an advantage of reasonable prices, low interest rates and good inventory.

Have a great house buying season!

Need a good home in Solon?

Want to buy with confidence?

Please call Svetlana 216-548-4663 or e-mail to: Realty@Local-n-Global.com.

Cleveland home search

Who is the First Time Buyer? Does the Real estate tax credit apply to condos? More about the First Time Buyer Tax Credit of 2009.

More and more people who want to buy the houses and condos in Cleveland are excited about opportunity to benefit from the First Time Buyer's Tax Credit.  I receive numerous questions regarding this credit from potential buyers. Let's get the answers together in order to help more first time buyers realize the advantages of buying houses and condos in Greater Cleveland in January-December of 2009.

The most frequent question is: Who is the First time buyer?

Answer is  not that obvious as it seems to be. Every person who did not own the primary residence in last three years prior to purchase is considered to be a First Time Buyer. For married couples, both spouses should be the First Time buyers according to the above definition. If husband or wife owned the primary residence during three-year peiod prior to purchase, none of the spouses is eligible for this credit.

Interesting question comes from the potential buyers of condominiums in Mayfield Heights and other communities of Greater Cleveland: Does the Real Estate tax credit apply to condos?

The answer is Yes, it does apply to any housing that will be used as a principle residence. It includes single family detached houses, attached homes like condominiums, townhomes, manufactured homes (aka mobile homes) and houseboats.

 

 

 

Cleveland Homes for sale

Don't dream of that great home in Solon - Buy it! Foreclosure and short sale opportunities for Solon home buyers.

Solon is one of the most popular communities in Greater Cleveland. Award winning Schools system, convenient location, shopping, entertainment, parks, South Chagrin Reservation, Solon Recreation Center, golf clubs, friendly business environment - all these features make Solon attractive and desirable designation for hundreds of homebuyers every year.

As I mentioned in my post about the Twinsburg Real Estate marketSolon's statistics looks great in terms of units sold. Buyers of homes in Solon purchased 262 units in 2008 in comparison with 245 in 2007. However, average sold price was $326,776 in 2008 while it was $368,829 in 2007. Impressive almost 13 % loss. Although pice reduction does not encourage the sellers, buyers have a great chance to entertain unbelievable deals on very solid and soud houses in Solon.

Solon is one of few places where you can get  a real deal on foreclosure or short sale. Solon does not suffer from usual for Greater Cleveland area so called OVV - Open, Vacant, Vandalized foreclosed or pre-foreclosed properties.

Let me present to you one of this lifetime opportunities. Short sale. Local bank is ready to negotiate and close short on this house. Priced initially for $785,000, this newly built, tremendous 5 bedrooms 5 1/2 baths house is available today for $570,000! Replacement cost is over $850,000 for this awesome home.

 

Cleveland Homes for sale

Don't dream of new great home in Solon - just buy it!

House will be Open on Sunday, 03/29/2009 between 1 pm and 2:30 pm.

Please call Svetlana Stolyarova 216-548-4663 for more details on this and other Short Sale and Foreclosure opportunities in Solon.

Real estate in Solon, OH. Spring of 2009. Another year of great opportunities for home buyers in Solon?

Homes priced above $300K are in a big demand in Solon, OH. However, we still have a lot of potential buyers who are waiting for or dreaming about great deals. Looks like Solon Real estate market will support buyers' expectations of great deals. We still have many foreclosed or pre-foreclosed houses  in a segment of high-end homes in Solon.

You can see the houses built in 2000-2006 and sold then for $700K-$800K, which are offered by the banks or on short sales for $500K-$575K. If you need more detailed information on Short sales or Bank owned homes in Solon, please call me any time 877-770-5551 or call my direct cell phone 216-548-4663 during business hours.  


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I am glad to announce that MLS Market Snapshot is back! You can do your research on-line by simply going to www.Local-n-Global.com and signing in for Market Snapshot services.

Solon is a very popular city. Great school system, convenient location, Metropark, shopping, reasonable housing, all these features make Solon desirable.

In 2008 we had more home sales in Solon than in 2007. Today I found a very interesting article based on statistics provided by our local MLS: http://www.newsnet5.com/money/18973467/detail.html. Indeed, all Real estate is local. Sales volume and buyers' activity depend on local amenities, which are very attractive in Solon.

Need to sell your Solon home?

Want to buy a great house in Solon?

Please call 877-770-5551 any time. Local-n-Global Solon experts will be glad to assist you. 

Have a great selling and buying season!

Cleveland Homes for sale

New NorthEast Ohio MLS - tremendous opportunities and some inconvenience

NEOHREX

Homebuyers and homesellers in Cleveland have a very good opportunity to get better services from local Real Estate professionals this year using advantages of new MLS system which combined listings and services of NORMLS and CRIS.

Many Real estate agents serving Northeast Ohio are still exploring great opportunities offered by this tremendous system. Ability for each listing to appear at Realtor.com with up to 25 photos, possibilty to submit all our listings to tens of Real estate search portals - all these features are both exciting for practitioners and beneficial for our clients.

Due to tremendous changes and complexity of this new data base, there are few problems which are inconvenient for our customers. I want to apologize to all of my Market Snapshot subscribers who used to receive reliable, full and up-to date information about market condition from www.Local-n-Global.com. This great service is temporarily not delivering usual results due to changes in MLS sysytem.

Dear valuable buyers and sellers of homes in Greater Cleveland who used to receive my Market Snapshots! Please do ot hesitate to contact me if your snapshot come back blank or with incomplete data. I will be happy to prepare for you and send you a customized complete CMA report for your area. I wish Market Snapshot services will recover soon.

Need to sell homes in Pepper Pike, Solon, Twinsburg? Have a good house in Mayfield and need to find a nice solid buyer for your home? Please call Svetlana Stolyarova 877-770-5551 or e-mail to: Realty@Local-n-Global.com.