Should I Buy That Second Home Now? Ohio Islands, River and Lakefront Communities are Heating Up!

I'm frequently asked if now is the time to purchase that dream home?  Many of our buyers and sellers in are selling a home in a suburb within our Northern Ohio market area and  purchasing a home, generally smaller than their previous primary residence, to spend their summer months.  Often the client already has or is in the process of shopping for a home in Florida, Phoenix, or even Panama or another warmer climate area.

I just ran a quick search for articles and news releases in 2013, and found a surprising number of journalists and bloggers (sometimes one and the same) that believe that now is the time to buy.

 

• Unbelievably low interest, particularly with a 15 year loan and a larger than average down payment. 
• Prices are still lower than they were prior to the economy taking a hard hit, but they are starting to increase across the board within the second home market.  You probably already missed the bottom in most markets.
• Waiting to catch-up in your market?  You'll lose on the other end.  Selling your home now and buying rather than waiting may be the right move for you.
• Waiting to see what happens with tax reform?  Not purchasing now will not change what happens with tax reform.  If you intend to not purchase if the tax policy changes than wait.  If you have already decided that a second home is part of your dream - why are you waiting?  while you wait interest rates may begin to rise again and you'll lose on both ends.

A second home isn't for everyone.  Think about it carefully, decide if you want an anchor in your favorite vacation area that you can modify and call your own, and if the answer is "Yes " than start your search.

 

 

We are proud to serve the Northern Ohio communities from Cleveland, Ohio to the Lake Erie Islands and Sandusky Bay region.  Communities include the following:

 

Cleveland's Westside, Lakewood, Rocky River, Bay Village, Avon Lake (location of one of our team offices), Sheffield Lake, Lorain, Vermilion, Huron, Sandusky, Marblehead, Catawba, Oak Harbor, Port Clinton, and adjacent communities.  Islands include Middle Bass, North Bass, South Bass and the village of Put in Bay, Kelleys, and Rattlesnake.

Are You Considering Selling Your Northern Ohio Home? Searching for a New Home?

I completed training on a new product offered within our Northern Ohio Multiple Listing Service.  We are members of NEOHREX because it is largest and most advanced MLS in the state of Ohio. 
The new "Find" system that is now available through our MLS service allows us to set up custom searches for anywhere in the U.S. and the reports provide an amazing amount of detail. 

Are you considering selling your Ohio home and moving to another area?  Contact me today for custom search results to your specifications emailed or mailed to you.  We can provide you with a custom search for any location in the U.S.  Need an agent in another part of the country?  We can give you a referral to a reputable agent.  If you find a property that you think is "The One" then let us know and we can pull additional info with even more details.

Would you like to see what information is listed for your current home?  If you are considering selling you'll want to make sure all of the details are correct.  Contact me for a free report on your current home!

When you find your dream home or property and are ready to sell your existing home contact me for a free consultation at 440-315-6000  or LeeHisey@HowardHanna.com.

Avon and Avon Lake, Ohio Real Estate - The market is changing quickly!

The market is changing quickly with prices beginning to climb, demand that has been held back by a wall of doubt is breaking free, and interest rates still amazingly low.  We are seeing a real increase in telephone calls and email for homes in certain communities and price brackets.  At this posting I've used Avon and Avon Lake as examples.  These are two communities where we list and market homes and represent buyers, and you can clearly see the substantial decline in inventory with fewer and fewer homes available for showing.  Considering selling - CONTACT US TODAY!  

The Market is Improving Rapidly! How is YOUR Ohio Neighborhood's Real Estate Market Comparing?

Do you live in beautiful Vermilion, Ohio?  Keep track of how your market is doing by regularly visiting our newest Hisey Group website at:

http://www.RealEstateVermilion.com

The statistics will be updated as they become available!  

Watch for websites for other Ohio North Coast communities within our market area coming online soon.  Up next - Avon Lake!

Love Facebook?  "Like" our Lake Erie Lifestyle Facebook page at:  http://www.TheLakeErieLifestyle.com 

Art, music, real estate, events and more along Ohio's islands, rivers and shores.

Twitter user?  Follow us on Twitter - @HiseyGroup

As always you can view all of our listings and search for any real estate listed by any broker in the MLS by visiting:  

http://www.OhioIslandsAndShores.com

Vermilion Ohio Real Estate Information: Updated Regularly - FREE!

We have created a website for updated Trendgraphics information for Vermilion, Ohio.  The info will be updated regularly automatically as it becomes available.  The information provided will cover sales, time on market, sales price compared to list price, as well as other information.  

Vermilion River, Vermilion, Ohio

Check out:  http://www.RealEstateVermilion.com

We will also have a similar page coming online for Avon Lake, Avon, and some other communities.  

For more specific info about the real estate market in YOUR neighborhood contact the Hisey Group with Howard Hanna at 440-315-6000 or RealEstate@HiseyGroup.com.

Considering purchasing or selling real estate!  Contact us today!  

We have been 

"Serving Cleveland to the Lake Erie Islands" 

for over 50 years!