Point Place, Toledo - Announcing a price reduction on 5306 303rd., a 1,425 sq. ft., 2 bath, 3 bdrm 1 1/2 story. Now 
MLS® $111,900 - Fresh And Clean!.
Property information
Real Estate Toledo Home Prices Will Apparently Continue to Trend Downward: If a new survey of professional opinion of economists is correct, then the USA is headed for a recession. This does not bode well for Toledo Housing Prices, which are already at their lowest point in several years in many areas of the USA, including Toledo, Ohio.
###########
FROM THE WALL STREET JOURNAL: September 13, 2007
Likelihood of a Recession Is Given Better Odds
Economists Debate If Job Outlook
Is as Bad as Feared By SUDEEP REDDY
September 13, 2007; Page A5
Economic forecasters are boosting the odds of a recession over the next 12 months as the housing slump deepens and the credit crisis continues. But there is sharp disagreement over the likelihood of a contraction, with some arguing it is all but inevitable and others insisting the economy will skirt a downturn.
Economists in the latest WSJ.com survey pegged the risk of a recession at 36%, on average, up from 28% a month earlier. Fifty-five economists took part in the survey, and 52 answered the question about the likelihood of a recession. The survey was conducted after last Friday's report on August employment, which showed the first monthly jobs decline in four years.
...
Economists in the recession camp say that drops in employment -- and housing declines of the current magnitude -- rarely occur outside of periods around recessions. In addition, the housing-market decline is reducing household wealth and hurting consumers' ability to tap home equity. Also, the credit-market turmoil could exacerbate the housing problems and curb consumers' opportunities to borrow. The result, they say: Slower consumer spending, which accounts for 70% of economic activity.
"The economy has been juiced by this rapid credit expansion, and I think that's over," said Steve East, chief economist at Friedman, Billings, Ramsey & Co. Inc., who predicts a 60% chance of recession. "That's the message of the credit market turmoil: The economy is not going to have as much high-octane fuel to run on."
COMPLETE ARTICLE: http://online.wsj.com/article/SB118954072982324112.html?mod=hpp_us_whats_news
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The price slide is great for buyers, but what about the poor sellers who cannot get a fair price for their house?
For those who are moving up, upsizing, I recommend they take the loss and then make it up with even bigger savings on the next house! Call for help selling and buying!
For those who owe more than the house will sell for, there is a method, called a "short sale" where a Realtor can arrange with your bank to get them to take less than you owe and settle the mortgage, allowing you to sell. Certain conditions apply. Call for details:
Lonn Dugan, Realtor
419-764-9649
http://www.dugansells.com
Real Estate Investor Tips ~ Real Estate Investment Results ~ Retire with $1,000,000 Free and Clear!
By Buying HUD Homes - Bank Owned, Foreclosure, or Repo Homes and Renting Them Out!
HOW TO MAKE MONEY INVESTING in Income Property, or BANK OWNED REAL ESTATE.
YOU CAN MAKE $100,000 to $1,000,000.00 or more in 20 Years or Less!
Start with as little as $0 to $10,000 or as much as $50,000+
RENTAL INCOME PROFITS ARE REAL FOR LONG TERM REAL ESTATE INVESTORS !
INVESTOR Example #1: Casual Investor - Start with $0 to $10,000 Buy 1 houses for $50,000/ With Nothing Down. Seller can pay your down payment and closing costs. Pay $400/mo for your loan. Get renters to pay $600/mo to earn $200/mo or $2400 a year in extra income. After a few years you raise the rent and pay extra on the mortgage. Or you refinance the house, and use the equity to buy another. After 18-20 years, the house is paid off, the rent has increased to $1200 a month, and the house is worth $100,000. The investor can sell and send a child to college, Or buy a boat, RV, or invest in a second home or retirement hobby. If you sell, your net profit is $50,000 cash plus all the rent profit you made over the years. If you keep the house, which is now paid for, you make $14,400/ea per year from then on - without working!). Rental income can be tax free by depreciating your principal. Ask your tax advisor for details.
HUD Homes, Bank Owned or Repo Homes and Foreclosures don't always look bad and don't always need work. Some do need lots of work and pay a nice profit if you repair them. OTHERS ARE READY TO MOVE INTO AT PRICES AS MUCH AS 20% BELOW MARKET!
| INVESTOR Example #2: Serious Investor - Start with $10,000 to $50,000 Buy 2 - 10 houses for $50,000/ea, paying 10% down. Total investment is $5000 per house, or $50,000 for 10 homes. (You can start with only $10,000 and get the rest of this money from one good Fixer Upper - Ask Me How!) Pay $400/mo/ea for your loans. Get renters to pay $600/mo/ea to earn $200/mo/ea, or $2,400/ea/yr in extra income. With Ten Properties, that's $24,000 a year in extra income. After a few years you raise the rent and pay extra on the mortgage. After 18-20 years, the house can be paid off, the rents have increased to $1200 a month, and the houses are worth about $100,000/ea. If you sell all your houses after they are paid off, you will have as much as $1,000,000 (for ten homes) - PLUS all the rent profit you made over the years. If you keep the houses, you make $14,400/ea per year from then on. That's $144,000 a year in income, without working! Rental income can be tax free by depreciating your principal. Ask your tax advisor for details. I sell homes in OHIO and MICHIGAN, but can help you find an investor specialist Realtor in any state. BUYER AGENT SERVICES ARE FREE OF CHARGE! FOR BEST RESULTS ~ CALL NOW!
419-764-9649 (9 am to 7 pm EST) Lonn Dugan, Realtor, CP,
RE/MAX Masters
Toledo OH 43612 |
www.ToledoHUD.com www.DuganSells.com
Copyright 2007 Lonn Dugan, Realtor, Coach, Real Estate Investment Consultant 419-764-9649
Buying Real Estate in Toledo Ohio or neaby SE Michigan?
BUYER AGENT SERVICES are FREE OF CHARGE ~ WHY DO THIS THE HARD WAY?
3 Steps For Best Results: Your Deal ~ Your Way
1.) Choose Agent 2.) Choose Lender 3.) Choose Home
Many people do this whole thing backwards, shopping for a house before choosing an agent or lender. They use the agent that "comes with the house" once they find a house. This could end up costing you quite a bit.
You Get The Best Service, Price, Terms and Payment when you choose an Agent who Works FOR YOU and NOT for the Seller. Get Your Own Realtor ® to Save Time and Money when Buying a Home.
Tell me about YOUR Needs, Your Situation, What You Want in a Home - I Will Supply Experience & Expertise to Help You Find the Best Home & Best Lender Programs Available. I Negotiate the Best Price and Terms FOR YOU! When you see a house you want to know about, call me instead of the Seller's Agent. I Can be Your Real Estate Answer Man for Any Home for sale by Any Realtor!
Lifelong Area Resident is Experienced, Professional, Trusted.
Call Lonn Dugan, Realtor
RE/MAX Masters
419-764-9649
www.DuganSells.com
Several Toledo Ohio Real Estate Investors with fix flip profit opportunities have been helped lately to make a nice profit! If you are thinking of invevsting in Real Estate, I can help you with that!
This post is for potential Real Estate Investors in Toledo, Ohio, or nearby.
The subject is how to avoid mistakes and maximize profits with real estate fix flip investing.
There is NO book or Consulting formula that is needed for successful real estate investing. Common sense is enough! In fact, In the last 6 months, I have met a few investors who were
- - reading books
- - going to seminars
- - following formulas
- - and hiring consultants...
Most of those types are in Analysis Paralysis, or Stuck in "GETTING READY" mode. Most are STILL Reading and STILL going to seminars...
In the same 6 months, some of my clients are working on their second profitable fix flip real estate invesment!
Best target homes seem to be lower end in low end neighborhoods that are being well cared for... I can find a nice list of 4 - 6 of these for your review on any Saturday!
Eg: In Toledo, folks are buying homes for $15,000 to $25,000 in $50,000 to $100,000 neighborhoods but in neighborhoods where the nearby homes are in good shape (area not in decline).
Keys to maximize profit:
- Buy a house with Good Bones - you want a house that only really needs mechanicals and cosmetics
- Investor needs to make the repairs themselves instead of hire the work done
- Pay Cash to minimize closing costs and carrying costs
- Most needed items: Paint, Carpet, Flooring, Kitchen Counter - Cabinets - fixtures, New Furnace, New Water Heater, Roof, Windows, Lights, Knobs, fixtures.
- Add appliances.... Used are fine - if they look good.
- Don't bite off more than you can chew. Many people run out of money or energy and end up a foreclosure statistic. A haf rehabbed house is a really HARD sell.
Where most investors go wrong is trying to make a big killing. Some think they can just paint and carpet and make $20,000. This might work in upscale neighborhoods with a distressed property, but NOT LIKELY.
The Devil is in the Finances! Many investors overpay with HARD MONEY lender costs and hired work. It's Hard to make a profit when you pay too much for closing costs and carrying costs. Some fall in love with what they have done, and overprice the result. Just knock off the vision of $35,000 profit, and GET R SOLD so you can move on to the next one!
Your fixed house should compete very well with the neighboring homes because few are in showroom condition as the fix flip should be when done... List for the same price as your competition and reasonable buyers will choose your home over the lived in ones that have not been rehabbed.
I understand that $15,000 profit is about average in fix flip world - at least in Toledo, Ohio.
If you want help with Fix Flip Real Estate Investing, I can find the house, advise which repairs to make, and help you sell the house. When I help you with both the purchase, and the sale, I give a nice break on listing commission. Call for details.
If you have a real estate need, or want to get started in Real Estate Investing, I can help you with that. Call Today!
Lonn Dugan, Realtor
419-764-9649
www.DuganSells.com
Real Estate News Toledo Ohio - Articles from various sources, as seen at PERMALINK
The real estate news for Toledo Ohio and nearby markets continues to show slowing conditions. But there is hope if you need to sell. I have been selling houses in Toledo that other Realtors couldn't or wouldn't. My clients have been getting an average of 98% of list price, in an average of 61 days.
Lonn Dugan, Realtor www.DuganSells.com
HERE's THE NEWS
Real Estate Sales and House Prices
- U.S. Economy: Pending Home Sales Plunge 12.2%, Most on Record (Bloomberg, Sept. 5th): "The number of Americans signing contracts to buy previously-owned homes plunged in July by the most since records began in 2001… The National Association of Realtors' index of signed purchase agreements dropped 12.2% after gaining 5% in June. The decline was more than five times the median forecast of economists… for a decrease of 2.2%… Lawrence Yun, NAR senior economist: "Our members are telling us some sales contracts aren't closing because mortgage commitments have been falling through at the last moment. There are continuing issues for subprime borrowers, but there are no serious problems for the majority of buyers who qualify for conventional financing.''
- Home Prices Grow At Slowest Pace In 12 Years (Inman News, Sept. 4th): "Freddie Mac's Conventional Mortgage Home Price Index "Classic Series": Home-price appreciation slowed to an annual rate of 0.4% during Q2, the slowest quarterly growth rate in more than 12 years… [The index] excludes homes with nonconforming mortgages of more than $417,000 [and] draws on data from home sales and mortgage refinancing [appraisals]… Home values appreciated 3.3% on average for the 12 months ending in June, compared with 10.2% growth during the same period a year earlier… Year-over-year appreciation in the purchase-only index amounted to just 2.5%, down from 8.4% for the 12 months ending June 2006 and the index's slowest annual rate of growth in 14 years… Q2 sales of single-family homes [were] at an annualized rate of 6.03 million units, down from 6.49 million in Q1 and 6.89 million units a year ago."
- Toledo, Ohio: Prices Low, Getting Lower (USA Today, Sept. 4th): "Toledo has been hit by job losses, home foreclosures and a housing market slowdown… Monthly sales are down 8.7% from year-ago totals and the median price has slipped 7.4%. Real estate agent Mark Kruse: The number of homes for sale has climbed to an unusually high 9,700 in the Toledo area… Last year, there were 4,000 homes in foreclosure in Lucas County, where Toledo is based. This year, it could exceed 5,000, Kruse says… One bright spot: The city is experiencing some new construction. There's a new open-air mall called Fallen Timbers. A sports arena is being built downtown."
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Property information
Real Estate Toledo Home Prices, Price Trends Report:
According to CNNMoney.com, Toledo home prices fall over 5% in last 12 months, while national average is 1.5% decrease.
Mr Mayor! We need more jobs! Good Jobs! What are you doing to help?
At least there is some good news....
Toledo Ohio is one of the most affordable places to buy a house, anywhere in the USA.
Call me if you need help to find, or buy the right house or if you need to sell for top dollar!
Lonn Dugan, Realtor
419-764-9649
www.DuganSells.com
Real Estate News Article (BELOW) from MONEY.CNN.COM covers
Latest home prices
Second quarter numbers are in from the National Association of Realtors - 149 markets tracked.
August 16 2007: 10:53 AM EDT
NEW YORK (CNNMoney.com) -- The median price for a single-family home sold during the three months ended June 30 fell to $223,800, 1.5 percent below the price a year ago.
Some of the results of the survey, from the National Association of Realtors were more positive. More metro area markets - 97 of 149 - gained ground than lost.
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One of the four U.S. regions, the Northeast recorded a slight price gain of 0.7 percent. The West lost 0.4 percent, the South 1.6 percent and the Midwest 2.2 percent.
NAR predicts home prices will turn slightly positive again by spring of 2008 and rise about 2 percent that year.
Among individual metro areas, prices in the second quarter plunged furthest in Elmira, N.Y., down 17.9 percent to $71,700. Other big losers included Palm Bay, Fla. (down 15 percent to $183,300), Davenport, Iowa (down 11.3 percent to $103,300) and Sarasota, Fla. (down 11.3 percent to $311,400). 
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Latest housing prices from the National Association of realtors for 149 metro area markets
|
| Akron, OH | $125,300 | 1.5% |
| Albany-Schenectady-Troy, NY | $191,600 | -0.7% |
| Albuquerque, NM | $199,600 | 7.7% |
| Allentown-Bethlehem-Easton, PA-NJ | $274,500 | 12.8% |
| Amarillo, TX | $115,000 | -3.0% |
| Anaheim-Santa Ana, CA (Orange Co.) | $727,000 | 0.1% |
| Appleton, WI | $131,900 | 0.0% |
| Atlanta-Sandy Springs-Marietta, GA | $175,500 | 0.9% |
| Austin-Round Rock, TX | $186,600 | 5.6% |
| Baltimore-Towson, MD | $293,700 | 3.0% |
| Barnstable Town, MA | $384,600 | -5.4% |
| Baton Rouge, LA | $174,700 | 1.4% |
| Beaumont-Port Arthur, TX | $127,700 | 11.8% |
| Binghamton, NY | $111,200 | 19.8% |
| Birmingham-Hoover, AL | $164,900 | -2.8% |
| Bismarck, ND | $151,400 | 9.2% |
| Bloomington-Normal, IL | $161,500 | 7.0% |
| Boise City-Nampa, ID | $212,800 | 2.6% |
| Boston-Cambridge-Quincy, MA-NH** | $413,300 | -1.9% |
| Boulder, CO | $383,700 | 2.3% |
| Bridgeport-Stamford-Norwalk, CT | $515,300 | 3.8% |
| Buffalo-Niagara Falls, NY | $103,300 | 6.7% |
| Canton-Massillon, OH | $114,600 | 0.2% |
| Cape Coral-Fort Myers, FL | $266,200 | -2.0% |
| Champaign-Urbana, IL | $144,900 | 1.0% |
| Charleston-North Charleston, SC | $223,200 | 4.4% |
| Charleston, WV | $127,600 | 3.7% |
| Charlotte-Gastonia-Concord, NC-SC | $207,300 | 8.3% |
| Chattanooga, TN-GA | $135,300 | -4.9% |
| Chicago-Naperville-Joliet, IL | $283,200 | 1.7% |
| Cincinnati-Middletown, OH-KY-IN | $146,200 | -1.9% |
| Cleveland-Elyria-Mentor, OH | $128,700 | -7.1% |
| Colordo Springs, CO | $221,300 | 1.4% |
| Columbia, SC | $148,300 | 2.2% |
| Columbus, OH | $153,900 | -1.2% |
| Corpus Christi, TX | $136,000 | -1.8% |
| Cumberland, MD-WV | $109,300 | 9.3% |
| Dallas-Fort Worth-Arlington, TX | $156,500 | 1.7% |
| Davenport-Moline-Rock Island, IA-IL | $103,300 | -11.3% |
| Dayton, OH | $120,300 | -0.2% |
| Decatur, IL | $88,900 | 4.2% |
| Deltona-Daytona Beach-Ormond Beach, FL | $193,200 | -8.3% |
| Denver-Aurora, CO | $255,200 | 0.0% |
| Des Moines, IA | $147,700 | -0.1% |
| Detroit-Warren-Livonia, MI | $144,600 | -7.1% |
| Dover, DE | $209,800 | 0.3% |
| Durham, NC | $180,100 | 1.2% |
| Elmira, NY | $71,700 | -17.9% |
| El Paso, TX | $132,300 | 4.4% |
| Erie, PA | $99,900 | -2.3% |
| Eugene-Springfield, OR | $240,900 | 5.8% |
| Fargo, ND-MN | $139,000 | 1.3% |
| Farmington, NM | $201,900 | 14.0% |
| Ft. Wayne, IN | $101,600 | 0.8% |
| Gainesville, FL | $216,200 | 1.0% |
| Gary-Hammond, IN | $137,800 | 7.3% |
| Glens Falls, NY | $175,700 | 10.7% |
| Grand Rapids, MI | $132,300 | -3.0% |
| Green Bay, WI | $153,100 | 0.3% |
| Greensboro-High Point, NC | $156,300 | 3.8% |
| Greenville, SC | $152,500 | 0.2% |
| Gulfport-Biloxi, MS | $154,200 | 6.6% |
| Hagerstown-Martinsburg, MD-WV | $218,700 | -4.7% |
| Hartford-West Hartford-East Hartford, CT | $242,700 | -5.4% |
| Honolulu, HI | $665,000 | 3.9% |
| Houston-Baytown-Sugar Land, TX | $154,900 | 1.4% |
| Indianapolis, IN | $125,300 | 2.4% |
| Jackson, MS | $145,100 | -2.8% |
| Jacksonville, FL | $198,700 | 0.4% |
| Kankakee-Bradley, IL | $140,400 | 4.1% |
| Kansas City, MO-KS | $157,700 | -0.7% |
| Kennewick-Richland-Pasco, WA | $167,700 | 6.7% |
| Kingston, NY | $264,900 | 6.6% |
| Knoxville, TN | $160,200 | 4.8% |
| Lansing-E.Lansing, MI | $133,900 | -5.4% |
| Las Vegas-Paradise, NV | $307,900 | -3.6% |
| Lexington-Fayette,KY | $148,300 | -1.1% |
| Lincoln, NE | $138,000 | -0.5% |
| Little Rock-N. Little Rock, AR | $132,600 | 3.4% |
| Los Angeles-Long Beach-Santa Ana, CA | $593,000 | 2.9% |
| Louisville, KY-IN | $139,300 | 0.9% |
| Madison, WI | $223,500 | 0.9% |
| Memphis, TN-MS-AR | $144,300 | -0.9% |
| Miami-Fort Lauderdale-Miami Beach, FL | $384,400 | 2.0% |
| Milwaukee-Waukesha-West Allis, WI | $229,300 | 0.7% |
| Minneapolis-St. Paul-Bloomington, MN-WI | $227,100 | -2.5% |
| Mobile, AL | $140,400 | 1.6% |
| Montgomery, AL | $150,100 | -0.4% |
| Nashville-Davidson--Murfreesboro, TN | $186,400 | 4.8% |
| New Haven-Milford, CT | $296,500 | 1.3% |
| New Orleans-Metairie-Kenner, LA | $166,000 | -6.7% |
| New York-Northern New Jersey-Long Island, NY-NJ-PA | $482,300 | 1.7% |
| New York-Wayne-White Plains, NY-NJ | $557,500 | 6.3% |
| NY: Edison, NJ | $385,100 | -0.1% |
| NY: Nassau-Suffolk, NY | $479,800 | 0.2% |
| NY: Newark-Union, NJ-PA | $416,000 | -6.4% |
| Norwich-New London, CT | $276,600 | 1.3% |
| Ocala, FL | $170,900 | 0.8% |
| Oklahoma City, OK | $129,300 | 3.1% |
| Omaha, NE-IA | $136,800 | -4.3% |
| Orlando, FL | $265,100 | -2.4% |
| Palm Bay-Melbourne-Titusville, FL | $183,300 | -15.0% |
| Pensacola-Ferry Pass-Brent, FL | $168,700 | -0.2% |
| Peoria, IL | $120,300 | 4.2% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $243,000 | 3.4% |
| Phoenix-Mesa-Scottsdale, AZ | $264,800 | -2.7% |
| Pittsburgh, PA | $123,500 | 2.7% |
| Pittsfield, MA | $230,900 | 8.0% |
| Portland-South Portland-Biddeford, ME | $244,900 | 0.9% |
| Portland-Vancouver-Beaverton, OR-WA | $298,300 | 5.2% |
| Providence-New Bedford-Fall River, RI-MA | $291,000 | -0.1% |
| Raleigh-Cary, NC | $225,100 | 8.4% |
| Reading, PA | $157,800 | 11.2% |
| Reno-Sparks, NV | $331,900 | -6.2% |
| Richmond, VA | $236,800 | 4.2% |
| Riverside-San Bernardino-Ontario, CA | $396,800 | -0.3% |
| Rochester, NY | $117,200 | 1.6% |
| Rockford, IL | $122,200 | 5.4% |
| Sacramento--Arden-Arcade--Roseville, CA | $356,500 | -6.3% |
| Saint Louis, MO-IL | $157,200 | 2.7% |
| Salem, OR | $227,900 | 16.7% |
| Salt Lake City, UT | $233,100 | 21.9% |
| San Antonio, TX | $154,300 | 6.6% |
| San Diego-Carlsbad-San Marcos, CA | $614,100 | 0.2% |
| San Francisco-Oakland-Fremont, CA | $846,800 | 7.6% |
| San Jose-Sunnyvale-Santa Clara, CA | $865,000 | 8.8% |
| Sarasota-Bradenton-Venice, FL | $311,400 | -11.3% |
| Seattle-Tacoma-Bellevue, WA | $395,300 | 8.9% |
| Shreveport-Bossier City, LA | $137,100 | 0.7% |
| Sioux Falls, SD | $142,300 | 1.4% |
| South Bend-Mishawaka, IN | $93,600 | -7.0% |
| Spartanburg, SC | $133,200 | 0.7% |
| Spokane, WA | $197,700 | 10.4% |
| Springfield, IL | $111,200 | -0.8% |
| Springfield, MA | $216,800 | 1.3% |
| Springfield, MO | $123,700 | 1.3% |
| Syracuse, NY | $122,600 | 5.0% |
| Tallahassee, FL | $180,900 | 3.5% |
| Tampa-St.Petersburg-Clearwater, FL | $222,700 | -3.8% |
| Toledo, OH | $109,800 | -5.2% |
| Topeka, KS | $111,700 | 6.3% |
| Trenton-Ewing, NJ | $313,900 | 8.1% |
| Tucson, AZ | $250,100 | 1.1% |
| Virginia Beach-Norfolk-Newport News, VA-NC | $250,800 | 5.7% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $445,300 | 0.3% |
| Waterloo/Cedar Falls, IA | $113,500 | 4.9% |
| Wichita, KS | $110,700 | -0.7% |
| Worcester, MA | $278,900 | -2.4% |
| Youngstown-Warren-Boardman, OH-PA | $76,700 | -2.5% |
| U.S. | $223,800 | -1.5% |
| Northeast | $298,000 | 0.7% |
| Midwest | $163,500 | -2.2% |
| South | $185,000 | -1.6% |
| West | $349,400 | -0.4% |
|
| Albuquerque, NM | $151,100 | 6.2% |
| Atlanta-Sandy Springs-Marietta, GA | $149,900 | 2.3% |
| Austin-Round Rock, TX | $172,100 | 14.9% |
| Baltimore-Towson, MD | $237,900 | 1.5% |
| Bismarck, ND | $122,900 | 11.7% |
| Boston-Cambridge-Quincy, MA-NH | $316,400 | 3.8% |
| Boulder, CO | $217,100 | -3.5% |
| Bridgeport-Stamford-Norwalk, CT | $283.000 | 11.1% |
| Chicago-Naperville-Joliet, IL | $232,400 | 4.1% |
| Cincinnati-Middletown, OH-KY-IN | $126,800 | -2.5% |
| Cleveland-Elyria-Mentor, OH | $132,900 | 2.5% |
| Colorado Springs, CO | $149,900 | 1.0% |
| Columbus, OH | $133.000 | -5.1% |
| Dallas-Fort Worth-Arlington, TX | $133,200 | 12.2% |
| Greensboro-High Point, NC | $116,400 | 5.9% |
| Hartford-West Hartford-East Hartford, CT | $176,300 | 5.9% |
| Honolulu, HI | $328.000 | 7.5% |
| Houston-Baytown-Sugar Land, TX | $128,700 | 6.6% |
| Indianapolis, IN | $121,600 | 0.7% |
| Knoxville, TN | $143,700 | 3.4% |
| Las Vegas-Paradise, NV | $195,300 | -4.3% |
| Los Angeles-Long Beach-Santa Ana, CA | $413,400 | 0.7% |
| Louisville, KY-IN | $126,400 | 4.8% |
| Madison, WI | $169.000 | 1.6% |
| Miami-Fort Lauderdale-Miami Beach, FL | $367.000 | 0.0% |
| Milwaukee-Waukesha-West Allis, WI | $171,400 | 1.5% |
| New Haven-Milford, CT | $194,300 | 8.9% |
| New Orleans-Metairie-Kenner, LA | $159,300 | -15.3% |
| New York-Wayne-White Plains, NY-NJ | $323,400 | -6.5% |
| NY: Newark-Union, NJ-PA | $318,300 | -0.8% |
| NY:Edison, NJ | $292,700 | -1.6% |
| NY:Nassau-Suffolk, NY | $262,400 | 3.8% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $205,500 | 5.6% |
| Phoenix-Mesa-Scottsdale, AZ | $192,300 | 1.4% |
| Portland-South Portland-Biddeford, ME | $192,500 | -5.9% |
| Portland-Vancouver-Beaverton, OR-WA | $208,900 | 8.9% |
| Providence-New Bedford-Fall River, RI-MA | $217,400 | 0.3% |
| Reno-Sparks, NV | $220,500 | 17.0% |
| Richmond, VA | $190,700 | 8.7% |
| Rochester, NY | $118,900 | 7.6% |
| Sacramento--Arden-Arcade--Roseville, CA | $220,300 | -6.4% |
| Salt Lake City, UT | $162,200 | 25.2% |
| San Diego-Carlsbad-San Marcos, CA | $368,600 | -1.4% |
| San Francisco-Oakland-Fremont, CA | $608,700 | -5.9% |
| Sarasota-Bradenton-Venice, FL | $315,900 | -3.5% |
| Springfield, MA | $158,900 | -2.2% |
| Syracuse, NY | $123.000 | -13.9% |
| Tampa-St. Petersburg-Clearwater, FL | $169.000 | -3.2% |
| Toledo, OH | $145,800 | 11.4% |
| Trenton-Ewing, NJ | $268,500 | 2.6% |
| Tucson, AZ | $153,800 | -10.2% |
| Virginia Beach-Norfolk-Newport News, VA-NC | $179,700 | 4.1% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $298,400 | 0.6% |
| Wichita, KS | $117,900 | 5.4% |
| Worcester, MA | $211,200 | 8.4% |
| U.S. | $226,800 | 1.0% |
| Northeast | $263,300 | 3.0% |
| Midwest | $196,400 | 3.4% |
| South | $177,900 | -1.9% |
| West | $266,700 | -2.3% |
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TERMS UNDER WHICH THIS SERVICE IS PROVIDED TO YOU. • PRIVACY POLICYREPRINTS OF SITE STORIES ARE AVAILABLE.-->
Real Estate News:
You have heard the Real Estate News. It may all sound like Gloom and Doom, if you want to sell a house, but there are some bright shining stars of hope to be found.
One Major Brokerage in Greater Toledo Area is Growing Significantly instead of shrinking in this current real estate market.
That Realty Firm is RE/MAX Masters, located in Toledo, OH as represented by Lonn Dugan, Realtor.
Why is one company growing while the others are mostly shrinking? Old fashioned hard work, honesty, integrity, and skill are helpful - but GREAT MARKETING still makes the crucial difference.
Lonn Dugan Helps Clients Buy or Sell Homes in Greater Toledo, serving Toledo, Sylvania, and NW Ohio as well as Temperance, Lambertville, and SE Michigan (RE/MAX Central Group in MI).
Trying to sell but not having any luck? One Realtor Specializes in selling houses other Realtors couldn't or wouldn't Proven Program. Call Lonn at 419-764-9649 or visit online at www.DuganSells.com
Low Maitenance Brick Ranch
• 1,804 sq. ft., 1 bath, 3 bdrm ranch - MLS® $169,900 - Fabulous Floor Plan
Temperance, Monroe County - Fabulous floor plan for easy living w/ everything on one floor. Low maintenance brick exterior. Newer furnace, roof , windows, flooring. Beautiful landscaping was professionally done. Low maitenance TREK deck and four season sunroom overlook large fenced back yard. Call For Tour!
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2-3 Bedroom, Fenced Yard
• 1,155 sq. ft., 1 bath, 2 bdrm 1 1/2 story - MLS® $24,900 - Great Price !
North Toledo, Toledo - GREAT NEW PRICE! Could Be Very Cute with the Right Decorating!
Great Value for Starter Home or Income Producing Rental Property. Needs A Little Love and Care, but is Surrounded By Higher Priced Homes and offers Good Potential for Fast Appreciation With Your Updates. New Central Air. Some New Electrical and Plumbing, Hardwood floors. Range Oven. Convenient location, near shopping. Fenced Yard. Basement.
Call Now!
Special financing available, buy with nothing down, seller can pay your closing costs, no PMI. Call for details.
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Real Estate Toledo OH, Real Estate Report - Trend Report -
Seller Market Update July '07
Selling Houses in Greater Toledo, Trends and Strategies.
MEMO from the desk of Lonn Dugan, Realtor
American Dream Team Real Estate Seller Market Update: July, 2007
THE PROBLEM: Home sales have continued to be generally slower than normal for our area. Foreclosures continue at record pace. Our local economy continues to be weak. Desperate sellers or bank owned homes are priced low to sell fast, hurting prices. My marketing helps overcome this, but it is still a Buyer's Market.
BUT THERE IS HOPE... At least buyers are buying when the price is right. The last few months have seen houses selling faster again - at least for my clients. The market has been more active. I have had the best quarter in years. Prices may have firmed up a bit in some neighborhoods but they are still weaker than a year or two ago in most places.
THE SOLUTION: We have to cut the fluff, and forget about leaving negotiating room in our "ASKING" price. We have to advertise the bottom line, showing a price SO GOOD that buyers just HAVE TO COME AND SEE THE HOUSE. Once they fall in love with it, even think they can get it for $5,000 or $10,000 less, we make them pay our price. I tell them we already negotiated when we lowered the price. IT WORKS!
POWERFUL PROOF THAT IT WORKS: I don't control the Market, but I am able to excel in it by giving good service and good advice. My clients are excelling as well. Many are getting 98% or more of their list price due to my aggressive pricing and negotiation strategies.
BUT I WANT MORE FOR MY HOUSE: I know. That's normal. But look around. There are some great buys right now. If you wait for your house price to go up, then the house you buy will also cost more. Because of market conditions, you may have to sell for less than you wanted, but the good news is that you will be buying for less than you planned to spend.
THE BEST WAY TO SELL INSTEAD OF SIT: You may need to reduce your price if you have not done so lately (maybe again?).
HOW LONG WILL IT TAKE? Statistics tell us that most houses sell within 30 days of the last price change. That means if the market agrees with your price then we should be sold in the next 30 days. I am willing to stay the course if you cannot reduce price further, but you should know that it may take a while longer to sell the house.
THE BEST TIME TO SELL??? More houses will be sold in the next few weeks, than after the middle of August. Parents are realizing they have to make up their mind in order for their children to start school in the new neighborhood. After Mid August, things slow down for a few weeks. Many people will devote themselves to one more round of summer fun, or start getting ready for the school year, or both.
SO WHAT WILL IT BE? Do you want to speed things up or wait it out? Just let me know.
PARTING THOUGHT: The market is smart and razor edged. Prices only have to be off a little to kill your chances. If your house is not getting showings, then the price is probably about 5% too high for a fast sale. If getting showings but no offers, then you are perhaps only a few thousand too high.
For more help buying or selling homes in greater Toledo, OH and Sylvania, OH as well as Temperance MI and Monroe County MI, visit http://www.dugansells.com/
Ground Floor Master
• 1,922 sq. ft., 2 bath, 3 bdrm 1 1/2 story - MLS® $139,900 - Brand New Kitchen!!!
Wildwood, Toledo - Your Friends Will Think You Won The Lottery When You Move In To This Romantic, Spacious, Private Chalet With Soaring Cathedral Ceiling And Loft Plus 3 Bedrooms.
You Get a Gorgeous New Kitchen, All New Stainless Appliances Stay.
Open Plan, New Ceramic Tile And Pergo Floors, New Windows for Energy Efficiency!
Ground Floor Master, Master Bath Has Dual Vanity. Loft Could Be Converted To 4th Bed Or Home Office, Or ???
Big Deck And Patio For Backyard Parties Or Outdoor Kitchen. Extra Large Lot Is FENCED.
Huge Garage With Rec-Room Over.
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Temperance, Monroe County - The 2 story at 8400 Crabapple has been sold.
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LaSalle, Monroe County - The ranch at 3100 Widdock has been sold.
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