All Forum Posts by: Scott Schnabel

I'd request the seller's Schedule E for the property.

I'm assuming you mean NW Canton.  Hard to say about growth potential.  If I only had a crystal ball.  As far as neighborhoods go it's much like any area.  There are decent areas and not so decent.  I live in the Canton area and would be willing to talk more with you.

I would say it's a solid C.

RE is still a very regional market and will always be affected by supply v. demand.  Here in Ohio we have a 1.6 month supply of homes.  Balanced is a 6 month supply.  However, we are in a shift right now.  The market here has slowed significantly.

I think most people buy homes like they buy cars.  What can I afford monthly?  Payment shock has settled in over the last 6 months and will continue until interest rate changes are less volatile.

Crash?  I don't think so.  Not like 2008 anyways.

There is somewhat of a silver lining.  Part of the problem here was a lack of listings because the folks who could cash in on the sale of their home were put off by the crazy market and not feeling confident they would be able to find a home that was what they considered reasonable.  I think once the adjustment is over they'll be listing their homes.

Are you using a property manager?  Most of them can handle those types of situations.

He's not trying to get $2K.  He's letting you know what normally occurs..."which we never discussed so it's no big deal".

My understanding is Section 8 usually covers only a percentage of the rent.  Still, better than none of it.

My experience as an agent is this;  if you're looking at sub $100k properties you will find one or more major issues almost every time.

Lead certification City of Cleveland

In the city proper there is a lead certification program.