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Expert Tips for Navigating the Real Estate Market

Our mission at The Michael Kaim Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Fall and Winter: Underrated Selling Seasons



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. 

When fall rolls around, a lot of people decide it's time to take their home off the market if it hasn't sold, and wait until spring. Although this is the conventional way of thinking in the real estate business, it doesn't mean that it's absolute or definitive. 

We are here today to tell you that the real estate business just doesn't stop. In fact, there are a lot of advantages to keeping your home on the market during the latter part of the year. Here are 3 of them:

1. Less competition
 There will be a lot of homes that come off the market in the next few weeks as it gets colder. In the fall selling season, there is a reduced amount of inventory, resulting in less competition

2. More effective showings
 In the fall and winter, showings are extremely efficient. People won't just be walking through a house during the cold winter season with snow on the ground if they aren't serious buyers. 

3. You get a better price
 Every year, without fail, we get offers in November and December, typically from people who sold their home and are needing to buy now. As a result of low inventory, they will pay good money for a good home that they like, most often near asking price. 


If you have any questions about selling your home in the fall or winter, or anything else real estate related, give us a call or send us an email. We'd be glad to help!

How to Determine your Purchasing Power


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. 

Purchasing a home is a big deal. It's one of the largest investments you will make and you want to make sure you are doing everything correctly so your transaction goes as smoothly as possible. We want all of you to accomplish this feat, so we will be sharing with you today the 1st 5 steps to take when you decide to purchase a home. These 5 factors will greatly affect your buying power and what kind of loan you will qualify for when purchasing a home. 

1. Get Pre-Qualified
 This is always the first step when you purchase a new home. Go talk to your lender and get this step squared away first. If you need to get in touch with a lender, we have a list of preferred lenders that we know and trust to put you on the right path.

2. Credit Score
 Before you go in to talk to the lender, be sure your credit score is in order. This is the first thing that lenders will pull. They take 3 scores from the 3 different credit bureaus, and usually take the middle score. Usually a credit score of 620 or higher will get you qualified to purchase a home.

3. Income and Job
 Next, lender will verify that you have solid employment and look at how long you have been employed with your current company. They also look at how much money you make and determine whether it will be you alone or whether a partner or spouse will be on the loan with you. If so, they will take their income and job into effect as well.

4. Debt-to-Income Ratio
 This is a key component in determining your purchasing power. If you have a high income, but high debt, you may not qualify. This ratio is determined by your annual income divided by your expenses.

5. Down Payment
 This is an essential factor. Setting a lot of money aside is a great way to increase your buying power. If, however, you can't put a lot of money down, there are a lot of programs out there for you that don't require you to put as much down, even if you're a second or third time home buyer.

How to Improve Your Credit Score



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. 

Welcome back to our video blog. Today we are going to talk about how to improve your credit score so you can buy a home. Your credit score is an essential piece ind determining your buying power. Today we are going to talk about the 3 main components you have to look at to increase your credit score. Here are the 3 steps to improving your score

1. Know your credit score
There are a lot of different options out there for you to determine what your credit score is. There are 3 different bureaus that determine your score. You can get your scores directly from the Transunion, Equifax, and Experion bureaus, which you will have to pay for, or you can get them from any number of free credit score sites. 

2. Get your score up
In order to do this, you have to limit your debt and make sure you are managing your credit wisely. Making payments on time and reducing your amount of debt will help you out immensely.

3. Get some help
For this step, you need to get out there and talk to someone who can help you out. A credit repair company is one option, or you can give us a call and we can get you in touch with some people that can help you out.

Thanks for taking the time to check out our blog today. If you have any questions about improving your credit score or anything else, please don't hesitate to contact us. We would love to help you out.