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Thursday, April 10, 2014

Become Part of Our Successful Real Estate Team to Fuel Your Dreams

Looking to buy or sell a home in Northeastern Ohio? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (440) 974-0404 for a FREE home buying or selling consultation to answer any of your real estate questions. 

We Want Your Help! 

Today I will be reaching out to all the local real estate agents in Northeast Ohio to let you know that we are in search of energetic, full-time agents that are looking to make a career change and join our team.

We had the #1 sales team (according to the Ohio Association of Realtors) in 2013, and we have sold more volume in homes sold than anybody. We look to continue this success by hiring new and talented associates.

Since this rapid success last year we have been building our team and we have found that we need 2 full-time assistants that would be offered salaried positions.

We are also looking for licensed realtors, and more full time salespeople to facilitate all the leads coming into the office.
We generate anywhere from 500-800 leads a month in our office, and we're looking for people that are motivated, and want to become a part of our team and a part of the family here.

So, if you're looking to make a career change and you feel that you have the potential to make it to the next level, then give us a call at (440) 974-0404.

Thursday, March 20, 2014

It is a Great Time to Sell in Ohio and get More Money for your Home

Looking to buy or sell a home in Northeastern Ohio? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (440) 974-0404 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Should I Put My Home Up For Sale?
A lot of clients here in Northeast Ohio have been asking me lately if it's a good idea to put their homes on the market. I actually have 4 reasons why it is a fantastic time to sell your home.
  1. Low Inventory: This is the lowest inventory that we've seen in years. With such a high demand for homes, you will be able to dictate what you want for your home, and you will likely receive multiple offers that will drive up the sales price of your home.
  2. Home Prices will Rise: Home values have increased by 10% in the last few years, and are expected to keep climbing. In Cleveland, some homes appreciated by 3-5% last year.
  3. Interest Rates Remain Low: Interest rates are at historical lows right now. You can get a rate below 5% right now, and this could save you hundreds of thousands of dollars over the life of a mortgage. If you're a seller this will help you too because buyers will be spurred to action by the predictions of rising interest at the beginning of next year. 
  4. Spring Rush: If you list now, you will be swarmed by buyers because this is the time of year that people look to buy homes. Plus the low inventory will funnel buyers right to your property, and you should be able to sell for top dollar. 
These are my four reasons why you should sell, and I hope you've found them helpful. The thing to remember is that time is beginning to run out, so if you want to sell, do it soon to make sure that you beat the spring rush.

Be sure to contact me if you ever need help with real estate in Northeast Ohio.
Have a great day!

Wednesday, February 19, 2014

Be Informed and Get the Best Deal: Your 2014 Cleveland Real Estate Forecast

Looking to buy or sell a home in Northeastern Ohio? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (440) 974-0404 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today we're going to do a market recap on 2013 and then I'm going to tell you what to expect in 2014.

What Happened in 2013...

  • Last year's ultra-low interest rates primed us for a very hot spring with record sales. For the whole of last year, our sales rose by 13%. Home prices also went up, with appreciation rising 3-4% on average. 
  • After record months in April, May and June, interest started rising again and we saw a dramatic fall off in sales. Interest went from 3.2% to 4.9% which cut our sales in half. As the year progressed the buyers adjusted to the change in prices and eventually crept back into the market as interest was slightly lower.
What to Expect in 2014...
  • As interest rates climb, you will start to see prices stabilize. Prices of homes will still be going up in value, and you can also expect to see some reasonable appreciation in the Cleveland area with values increasing by 3-5%.
If you want to buy a home this year, you need to get approved early because interest is only going to rise and there are still some really great deals out there.

If you need any help finding a property or have any questions, call me at (440) 974-0404 or visit my website: www.themichaelkaimteam.com

Monday, January 27, 2014

Greater Cleveland Area Real Estate Year End Review 2013

Click here to find out what your home is worth or to search all area homes for sale.

Welcome back! I have some great news! We are now a part of Warren Buffet's company, Berkshire Hathaway Home Services. We are so excited; it's a great brand and we can't wait to take advantage of all the new tools they have to offer.

If you are currently listed with us, the signs in your yard will change. If you have any questions about the company you can give me a call, or you can check out more about the company by clicking here to visit the website or click here to view what Warren Buffet has to say.

I also wanted to recap what happened in 2013 and find out what you can expect from 2014. In 2013 the Michael Kaim Team saw a 10% increase in sales year over year. The Cleveland market as a whole saw a 13.5% increase in sales.

Interest rates were phenomenally low in 2013; at the beginning of the year they were 3.25% and they ended at 4.5%.

So what can you expect from 2014? Inventory is still low, but it is expected to increase as the spring draws nearer. Interest rates are still right around 4.5% but are expected to increase to as much as 5.5%.

If you are thinking about selling, now is the time. There is little inventory which means less competition and the interest rates are still low enough that there are a number of buyers looking.

If you are thinking about buying or selling, or have a question about our new name, give me a call today at 440.974.0404

Tuesday, December 31, 2013

3 Reasons Why Your Agent Should Have a Team

There are a lot of steps in the real estate process. When you hire a listing agent, you need to look for someone that is part of a team. What happens when a buyer calls the agent but that agent is meeting with other clients and can't answer the phone? You could have just lost a potential buyer.

That's why it's important to have a team where someone is always available to answer any questions. There are three reasons you should hire a listing agent with a team.

1. We have a listing and closing team - Both of these teams have people that are trained to handle the different aspects of each step. The listing team works on always making your home front and center. The closing team helps handle any issues that may arise such as inspection, appraisal, contingencies, etc.

2. We have a lead coordinator - Our lead coordinator communicates with all potential buyers immediately. When buyers ask about a home, they want an immediate response or they'll just move on to a different home.

3. We have a team of buyers' agents - You may wonder what a buyers agent has to do with selling your home. Just think, though, those agents are working with buyers looking for a home. Why not your home?

These are three important reasons why hiring a listing agent with team support is so important. If you are ready to sell your home, give us a call today!

Wednesday, December 11, 2013

Tips to Hiring A Good Listing Agent

Your home is one of your biggest assets. You want to make sure when it comes time to sell you have an agent who knows how to get you the most money. How do you find a good agent? I have some key things to look for when hiring your agent.

1. Experience - You want an agent who knows the market, knows your area and knows the value of your home. You also want an agent who has good sales experience; a lot can come up in a closing, so it's important your agent knows how to close the deal.

Our team has been selling together for 12 years. I've been in real estate for 17 years and my family has been in it for 50 years! That's a lot of experience! Not only that, but we have outsold all the Ohio realtors in the past 12 months.

2. Marketing - You can't sell your home if no one knows it's on the market. It's crucial that your listing agents knows all the different avenues to get your home exposed. We use internet, print and signage.
Check out Zillow, Trulia and other listing sites to see how relevant your listing agent is: are their listings at the top?

Make sure that there is a good sign in your yard. Fifteen percent of sales are from buyers who drive by looking for homes in a neighborhood. Our sales have our website that takes them to the listing, it has a text messaging services that gives them more details.

Print advertising is also important. While it's not as common as it used to be, it is still an important way to get your home exposed.

If you have any questions or are ready to sell your home please, give me a call!

Monday, November 25, 2013

6 Reasons to Sell During the Holidays

Welcome back to my video blog. The holidays are here and I always get asked whether now is a good time to list. The truth is the holidays are a fantastic time to list. I have six reasons why you should consider putting your home on the market.

Buyers are serious - While we do see fewer buyers in the market, the ones that are shopping around are ready to make a commitment.

There is less competition - Inventory is typically lower during the holidays and that means your home is of higher value to the buyer.

Homes look better - Homes almost look like models with their decorations and lights.

Buyers are more emotional - The holidays always add an emotional element to buyers’ decisions and most of the time they are willing to pay more for a home.

If you sell now, you will be a non-contingent buyer - Selling your home now means you can sell high and then buy low rather than the opposite during the spring market.

You don’t have to move during the holidays - If you sell your home within the next month, you won’t have to move until after the first of the year. Homes take about 45 days to close once they are under contract. So don’t worry about packing up on Christmas day.

These are just six of many great reasons you should put your home on the market. Give me a call today; let’s talk about what’s best for your situation.

Thanks for watching!