In the past four weeks it has become very common place that in our market we are going to have to take lease purchases since we are unable to secure a conventional purchase agreement on properties that are listed for sale.
The biggest problem that we are having to overcome so far is that a lot of the potential buyers don't have a lot of downpayment. SO my first recomendation to a potential purchaser is that if you need creative terms until you either sell a home or straighten our some credit problems you need to have cash to put down for a deposit. In other words Money Talks!
The second problem that I keep running into is Pets. Don't get me wrong.....I love my dogs!! More than anyone else! Trust me. I take Gizmo to St. Martin in the Carribean with me believe it or not! BUT when you are doing a lease purchase that is considered a Lease unless there is a large down payment put down.
SO please consider these things. Also the shorter the term the better. In other words the sooner you can get your own financing the better!
In these trying ecnomic times we have to work together and I have a lot of sellers that are very willing to be more creative than they would have been a year or more a go. But we still have to protect their interest in the property.
In my humble opinion it seems like our Toledo Metropolitan Market is really picking up speed. Buyers need to know that they should not wait too long to make a decision because they may lose out on the tremendous deals that are out there right now.
I have sold seven listings within the last two weeks from $200 to $625,000. Which is great BUT the deals that these buyers are getting are unbelievable! The rates are still holding so Now really is the best time to buy than I have seen in 24 years!
One of the biggest hurdles right now will be for the purchaser's financing and the appraisals. Because there is a 2-3 month lag time for the appraisers to get caught up with us (realtors) it will be a challenge to keep financing together for our customers, thus meaning that we are going to have to be very hands on during all of your transactions and make sure that you are communcating with all of the local appraisers so that they are aware of how the market is doing from week to week. Granted they cannot use a property until it closes BUT we can certainly make sure that they are aware of movement in the market--especially when it is positive.
We also need to get all of the Media on board. Our local media is killing us with negative information and a lot of it is hyped up and incorrect.
I have never seen a market like this in 24 years BUT I do think that I am finally seeing light at the end of the tunnel! HooRay!
This past four weeks have proven to be very good for the Metro Toledo area. Monclova-Maumee new construction is almost all sold out in the $375000. to $550,000. price range! Great news for the local builders and for our resale homes that are still on the market because they will not have to compete with these brand new homes now.
There really is not a better time to purchase a home than right now because the interest rates are so low and the home prices are more than reasonable now. The timing is absolutely perfect.
If you are considering moving to any of these areas: Sylvania, Maumee, Monclova, Whitehouse, Waterville, Perrysburg, Holland or Toledo ....Just call me!
I will make sure that you get the time and attention to detail that you need in this market. I will help you make a great purchase that you will reap the benefits from for years to come.
Wrenwood Subdivision is a wonderful subdivision that is located just off of 20-A or Maumee Western Road in the Maumee/Monclova area. This neighborhood has nice large lots with a average being 115 X 175 (a lot of them are even larger). You have a very nice comfortable feeling in this sub because you feel that you have "elbow room" All of the homes are side load garages because of the width of the lots.
In Maumee/Monclova there is also a 15 foot side set back building code so the houses have even more room on each side thus giving you a very spacious feeling.
The school district is Anthony Wayne which has proven to be one of the most competitive school systems in the area year after year.
This sub is located just far enough out of the "city" yet it is close enough to the brand new Fallen Timbers Mall area, grocery shopping, movies, restaurants and golf courses.
Call me today to learn more about this wonderful newer neighborhood--You won't be sorry you did.
I have a couple of resale homes as well as New Construction homes BY TRANSTAR BUILDERS INC on the market right now.
BETSY BYERSMITH GRI, CRS, ASP, E-PRO
ReMax Central Group
website: www.homeintoledo.com
These are absolutely Stunning homes that are being built in "THE RIDGE AT WRENWOOD" in Monclova-Maumee Ohio area. All of the lots are very heavily wooded and spacious. The lot prices start at $95,000.00 and the home prices start at $600,000.00
There are wonderful walking paths throughout this wooded development that is out far enough for peace and quiet BUT close enough to the new Fallen Timbers Shopping Center, Grocery stores and restaurants. Anthony Wayne schools is one of the top rated schools in the area year after year as well which is always great for future resale.
Transtar Builders has a wonderful Custom Home that is under construction in THE RIDGE right now. It is due to be completd by June of 2008. This home is a brand new design by Rick Byersmith the Builder/Designer.
The home is over 4000 square feet with a first floor Master Suite that is a wonderful retreat after a long day. The Bath area is fully equipped with an oversized custom tile steam shower with mutiple shower heads, stereo, make up vanity, separated vanity areas, separate walk in closets and an oversized whirlpool soaking tub. The Master bedroom area is equipped with a brand new state of the art plasma television.
The Den with oversized french doors is located in the rear of the home overlooking the spacious yard and has stereo and a gorgeous fireplace and a full wall of custom built in cabinets and computer area.
The foyer is stunning with columns and a wide open view of the home living areas as you enter with lead glass doors and windows and offset lighting for a soft evening lighting.
The Livingroom is complete with a lot of full windows across the front and volume ceilings and custom circular stair stepping down into this comfortable room.
The great room is absloutely divine with a plasma television built in and custom built on site bookcases and backlit glass shelving that you won't believe until you see it! Gorgeous high ceilings with a beautiful chandelier to bring it all together.
AND the KITCHEN you have to experience this for yourself! Huge oversized island that will be teriffic for entertaining all granite of course! Large wetbar area right in one corner of the kitchen and close to the great room. Very spacious eat in area and of course access to the very large patio for those barbecue's. Wonderful use of lighting under the cabiinets and canned lighting for a softer lighting in the evenings. Plus overhead lighting. Top of the line appliances are included.
There is also a side entrance to this home with a side foyer, Mud room and a separate laundry room. There is also a second stairway to the basement through the oversized 3 1/2 car garage. The basement is plumbed for a full bath and ready to be finished for more casual space.
The formal dining room is spectacular with a gorgeous showing of windows and built ins and nicely placed columns to accent your gorgeous buffet or hutch pieces.
Upstairs every bedroom has its own private bathroom and walk in closets with voluminous ceilings a wide array of wide open window areas. Each bedroom is very spacious and has it's own charachter for each child. With Transtar Builders you can customize the bedrooms by painting them with colors of your choice and this is included in the price of the home.
Second Laundry Room Upstairs! That's right--TWO laundry rooms so that you don't have to carry it up and down the stairs...everyones' dream floor plan. Transtar Builders thought of everything!
Listed for $849,000.00
Call me to see this wonderful Custom Built Designer home. There is still time to customize with your colors and some choices.
AND as always Transtar Builders offers a FIVE Year warranty on their homes!
Betsy Byersmith GRI, CRS, ASP, E-PRO
REMAX CENTRAL GROUP
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