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One of the fastest growing markets over the last year or so in the Cleveland OH area is the luxury foreclosures.  Luxury homes throughout the Cleveland OH area that were once valued at the high end of people’s buying power, are now available through the Cleveland mls for far less- in some cases…30%-50% less!

Due to the rise and fall of these luxury foreclosures, it has opened up the opportunity for not only investors…but 1st time home buyers alike!  Once thought to be too pricey and out of a buyer’s price range, these Cleveland area foreclosures allow all buyers to afford luxurious amenities without paying an inflated price.  Some of the more popular areas to search for these listings are Strongsville, Westlake, Bay Village and Rocky River.  These communities have held their value relatively well throughout the downturn in the real estate market and therefore, provide some pretty significant upside in buying luxury foreclosures.

Many buyers are still happy with the low interest rates and 1st time home buyers are taking advantage of the $8000 tax credit.  Combine these two factors with the possibility of buying a luxury foreclosure for $10,000, $20,000, or even $30,000 under market value…and you have yourself a very smart investment!  Many buyers are gaining significant equity in their homes before they even get the keys!  These types of real estate transactions allow buyer’s to save thousands of dollars.

If you would like to search the Cleveland area real estate market for luxury foreclosures, contact your Cleveland Area Real Estate team or search now for these great deals using our Foreclosure Finder!

There are many financial and personal reasons why you should own your own home rather than renting. The obvious reasons include pride of ownership, building your own equity instead of someone else’s, no more landlord’s, and of course the tax benefits you reap. There are a multitude of other reasons why owning your own home can make your life better.

One of the most overlooked reasons to own a home is the freedom you get once you have achieved this major goal in life. Many first-time homebuyers find that once they have bought a house, many other aspects of their personal life seem to fall in place. The security and piece of mind that comes with home ownership is a great accomplishment in many peoples lives, and once they have overcome the obstacles, they find that other goals they had set out to achieve become much easier to attain.

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Selling your home is one of the most important things you will ever do in your life. This simple system will provide the tools you need to maximize your profits, maintain control, and reduce the stress that comes with the home selling process.

Know why you are selling and keep it to yourself. The reasons behind your decision to sell affect everything from setting a price to deciding how much time and money to invest in getting your home ready for sale. What is more important to you? The money you walk away with, the length of time your property is on the market, or a combination of both? Different goals will dictate different selling strategies. However, it is critical that you do not reveal your reasons to anyone else, because it could come back to haunt you at the negotiating table. When asked, simply explain that your housing needs have changed.

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