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Under the Roof News Letter: Real Estate news eXPLAINED

By Brett Young Multi Million Dollar Producer

Serving Clients Since 2000

Call 216-703-5740 or 602-363-6551

Getting Your Real Estate Needs Done



Welcome to our newsletter!

Small-Time Real Estate Investors Team Up for Big-Time Profits

This article is from https://www.realtor.com/ by Kathleen Lynn that talks about partnerships in buying real estate. There are a lot of investors that are doing it today including me. A great example for me is when me and Dan teamed up on a home in Chagrin Falls that was in an estate. The property was in a great location and the deal worked out for me and Dan. We worked a great arrangement and profited from it. We sold the home in 10 days after the estate released it, and the home is now being remodeled and will look awesome when finished. Another team of two guys that flip homes called me last week and gave me a deal that they did not want to do. It did not fit their wheel house and ask if I was interested. I met the seller at the property and in the process of buying the home. Not all investors want or need partnerships, but it is still good to know people and network with them. The key is dealing with investors that have money and can pull the trigger when needed. The same is true with Realtors make sure they have money and also buy real estate for investment. One of my clients live in Australia like to buy certain homes that fit their portfolio. They had been with an Agent that purchased some properties that were not managed properly and was in the wrong location. We stepped in and sold off their under preforming assets and they are currently buying a nice flip to do with our company. Partnerships with Realtors that are in the business and have done a ton of properties are a great asset to real estate investors. I look at homes on and off the market every week and find homes for my clients. Right now we have 3 homes in escrow for my investors and have a plan to get them all finished and producing money. Lastly having a agent to assist with all the paperwork and making sure the home closes is crucial. I save my clients about $1500 a transaction watching all the paperwork and title fees. If you need a partner or Real Estate Agent that understands investment real estate Call me I'm Brett 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona.

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Will Home Prices Continue To Rise In 2018?

This article comes from https://www.homes.com/ by Steve Cook that talks about what is in the future for home prices.

" Lately, that formula hasn’t worked very well. The healthier economy is providing better incomes, and millennials are ready to buy their first homes. Mortgage rates remain relatively low, so demand should be high, and therefore prices will rise. However, over the past three years, demand has not been as healthy as anticipated. Many potential young buyers are saddled with student loan debt and cannot afford a mortgage. Rents have been rising as fast as home prices, making it hard for renters to save for a down payment."

The millennials are buying their first homes, and there are a lot of them that are getting close to 30 now and have manged their money very well. I have noticed that they put a very nice down payment down on their homes they purchase.

The last three millennials that have purchased from me and Lori knew what they wanted and purchased homes that were below what they could actually afford. Millennials are also saving their money for sizable down payments.

" Again this year, the forecasters are predicting prices will rise more slowly in 2018. The inventory shortage got so intense this year that thousands of first-time buyers gave up because they couldn’t find homes to buy. Young buyers will continue to be frozen out of homeownership until either income rises or prices settle down."

I totally disagree with that paragraph in Ohio anyway, there are nice affordable homes to purchase. If you like to do updating the prices even get better. Lori sold a home in Lakewood to a couple that were millennials for $179,000 the home was a 4 bedroom 2 bath with a basement on a lovely street. The kitchen area needed updated and the wood floors needed redone. They will have a total of just over $200,000 when completed.

Homes are always for sale and the key is finding them. If you need to sell a home this is a great time to do it tons, of buyers wanting to purchase. If your looking for a home you need to know what you want and prepared to write an offer when you find that perfect home.

Me and Lori are residential specialist that know where to look for homes for you to live in or invest in. We have sold are last three home in 10 days or less. We also have all the services you need to update your home on a budget. Getting the right real estate agent makes all the difference in the world.

I'm Brett Call 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona

Home Sellers Are Really Cashing In These Days, Report Finds

This was an interesting report from https://www.realtor.com/ by Clare Trapasso that really pointed out some new wrinkles in today's real estate market and the people that buy and sell homes.
"In the last quarter of 2017, sellers pocketed an average $54,000 over what they originally paid for their homes, according to a recent ATTOM Data Solutions report. That's up 0.49% over the previous quarter and nearly 14.6% over the same quarter the previous year." Real Estate is always in flux and can really create a jackpot for home owners in certain economies. This is one of those economies..homes are selling fast and usually for top dollar. I was talking with an agent last night that said nicer homes in Lakewood Ohio was moving so fast he was having issues finding a home for a client. I'm showing homes today in Chagrin Falls that if the clients like them, they will need to make an offer. Clients sometimes think Realtors are pushy, but this economy demands fast decisions on properties. If they like the property and you do not consult them on this economy it hurts the clients chances on getting that perfect home. I have a buyer in Arizona that will be buying home in March and I haven't even started showing her homes yet, because they will be sold in days. If your a seller this is your glory days and getting multiple offers is common. The marketing of a property for sell is crucial to get all the potential buyers looking and making offers. The key is there are a lot of buyers and they need real estate. Not all economies allow this kind of demand for housing. "In a sign of a stronger economy, more buyers are also opting to pay all cash for their residential real estate. These sales made up 29% of single-family home and condo sales in 2017. That's up from 28.7% in 201" You heard it's the economy stupid.....it is and it's getting robust. Cash offers are common and with full price offers are definitively the preferred buyers. You also have buyers putting down more money on their mortgage to make the offers more attractive. ""If you're a buyer in this housing market, it's a full-contact sport," says Blomquist. "The buyers with the most cash often win." I just sold a home for my sellers that had multiple offers on it. One contract was putting 20% down and going conventional financing. I suggested that the seller take that offer because of the cash down. My clients took my suggestion and we closed the property. Thinking about downsizing, up sizing? I'm Brett and I specialize in selling homes fast Call me 216-703-5740 EXP Realty in Ohio and 602-363-6551 EXP Realty in Arizona.
Real Estate Marking Strategies that sell your home for top dollar
Need to sell your home? We have a better way to do that......Call Brett 216-703-5740 and see the advantage of dealing with a Realtor that has been in business for over 18 years. We can buy your home for cash or list it to sell quickly..........We do this everyday.

Landlord? Need to get your property SOLD?..We can help with that.....We know the cities and the values.

We can pay cash or list your home!!!!! We Sold 10 of these properties last month!

Call Brett 216-703-5740 or

Lori 440-695-3379

We can get your property SOLD Quickly

YOUR TOWN Real Estate Deals​

Call Brett 216-703-5740 EXP Realty
Free Weekly List of Hot Buys In and Around YOUR TOWN http://brettyoung.oh.exprealty.com/ask/eb8d0d3ab9a254800a4f4d905a332ca1

Have a hard to sell home and you need to sell it.

Call me we specialize in selling these types of homes and get them sold quickly

Call 216-703-5740 or 440-695-3379

This Weeks Just Listed homes in Cleveland Metro

We want to keep you updates on all the new properties coming on the market. Click here to view this weeks new Listings Call Brett 216-703-5740 EXP Realty Ohio

New Testamonial....Thank You Mr Bump!

Sunday Brunch: New Realty Brokerage Company in Ohio EXP Realty​

There is a new kid on the block that really is a game changer for Realtors and their clients. The new brokerage company is a Realtor owned company that employs their brokers EXP Realty. Most Brokerages are owned by Brokers, EXP Realty is not and is a stock owned company.

There are no Franchise owners just a company owned by the Realtors that own it. EXP Realty also has marketing real estate on steroids. They give the Realtors all the tools to market and sell their listings. They also let the Realtor make more money and be successful in Real Estate. For example I just set up their Customer Marketing software and already have a client from it.

EXP Realty's website gives more information on properties and the clients can let the agent know what homes they like. When the client picks their properties the agent is alerted on what the clients choices are.Great way to communicate when your searching for properties. They also have an excellent stock program each Agent can tap into and get. For example if you reach your cap and do enough business they will bonus you company stock each year you do that. That means agents can get a retirement program that was never there before. The other excellent advantage is you can build a team that gets all their commissions 100%. Meaning you get paid on the $16,0000 cap, and the agent gets all their commission. That is a win win. I have been in the real estate business a while and have never seen anything like what EXP Realty offers to it's agents. This in turn allows Realtors to service their clients even better at no extra cost to the client. EXP Realty has all the tools and Technology that no other Brokerage has and let's the agents keep their commissions. EXCITING! Need information on EXP Realty? Need to buy or sell a property? Then your at the right place... Call me I'm Brett 216-703-5740 EXP Realty in Ohio and 602-363-6551 EXP Realty in Arizona

Support independent publishing: Buy this book on Lulu.
Brett’s media company generates a six figure income every year for the last 17 years, with no cold calling. His media company gets over 600,000 hits a year, creating a steady stream of clients. That is what this book is all about getting Realtors the information they need to set up their own media/marketing and branding company.
Support independent publishing: Buy this book on Lulu.

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4 Surprising Things That May Increase How Much Your Home Is Worth?

This article comes from https://www.zillow.com/ by Whitney Ricketts ans it has a different twist and more detailed analysis of things that increase your home value. One or two of those things may surprise you..... "A 2015 Zillow report found that, between 1997 and 2014, homes within a quarter-mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes, based on a comparison of Zillow Home Value Index data with a database of Starbucks locations." I love Starbucks and it is about the only stock I own! This report says it gives you a 36% boost compared to not being close. Now I really love Starbucks. Starbucks are usually in family areas and high income areas that really helps home value also. They are places you can do business or meet for weekend activities. "The analysis of that data showed that homes near Dunkin’ Donuts locations appreciated 80 percent, on average, during the same 17-year period — not quite as high as homes near a Starbucks, but still significantly above the 65 percent increase in value for all U.S. homes." Dunkin Donuts also has a great coffee if you can hold back on the donuts. I always wondered why they could not get a healthy donut on the market. Dunkin Donuts gets you another 15% on your home value also compared to homes that do not have it around them. Let's face it people like places to get coffee and see friends and family. It's a hang out spot.
"According to Zillow’s 2017 Paint Color Analysis, which examined more than 32,000 photos from sold homes around the country, homes with blue kitchens sold for a $1,809 premium, compared to similar homes with white kitchens."
Colors mean a lot to people and sometimes they do not know it. When my clients paint a their homes I offer an interior designer to assist them in their color chooses. Let's face it not everyone is great at that, I know sometimes I'm not. I was in a home the other day that had the wrong colors and that really hurt the look of the home. Homes that have the better colors show and sell better.
"Joanna Gaines’ aesthetic is permeating more than just your YouTube search history. Zillow listings mentioning some of the shiplap queen’s favorite features — keywords like “barn door” and “farmhouse sink” — sell faster and for a premium, according to a 2016 Zillow analysis of descriptions of more than 2 million homes sold nationwide." Fixtures can make all the difference in the world on a home. They help the home look more updated and modern. I did see the weirdest fixture in a restaurant this weekend, it tool me a little time to figure it out so I could wash my hands. That being said nice fixtures are a nice way to update and modernize your home. All these things are great, but you still need a Realtor that can get your home sold fast. Marketing and Experience makes buying or selling a home more stress free. I'm Brett call me at 216-703-5740 EXP Realty in Ohio and 602-363-6551 EXP Realty in Arizona

1000+ Homes and Counting

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