Interest rates and the fallout from the COVID-19 pandemic are changing the nature of the commercial real estate market. Since the COVID-19 pandemic, how and where we work has changed. Many employers pivoted to remote work in 2020 and in some cases did not return to...
While uncertainty continues to plague the real estate market, historically, the spring and summer months have been the best times to sell a home. As we approach these warmer months, experts are optimistic that, despite housing inventory remaining at a near all-time low, mortgage rates will continue to decrease in 2024. For individuals looking to buy or sell real estate…
In 2017, Ordinance 244-2017 established in the city of Cleveland a “one size fits all” residential tax abatement policy: a blanket 15 years 100% abatement of any increase in real estate property tax that results from eligible improvements on qualifying projects (whether a new construction or the remodeling of existing homes). All work had to be completed under a permit…
Unbeknownst to many Ohioans, on Aug. 3, Gov. Mike DeWine signed into law Senate Bill 57, which can assist real property taxpayers who believe the value of their property has declined as a result of the COVID-19 pandemic. The law specifically allows eligible taxpayers to file a special COVID-19 complaint with their county board of revision requesting that a property’s…
When you think of preparing for retirement, what comes to mind? A 401(k)? A pension? An IRA? Social Security? Other savings? What about real estate? Maybe surprisingly, some prospective retirees are looking to real estate investments to help fund their golden years. If you are interested in the prospect, know that you have several options. One of the simplest ways…
This article originally appeared as a column for the Cleveland Jewish News. “Are you over the age of 62?” “Do you have equity trapped in your home?” “Having trouble making your monthly mortgage payments?” “Supplement your retirement savings and make that money work for you.” Targeted advertisements tout the benefits of reverse mortgages. A reverse mortgage is a special type…
This article originally appeared as a column for the Cleveland Jewish News. Very often, people wonder if it is necessary to hire a real estate agent or even an attorney to buy or sell real estate. After all, Realtor commissions and/or attorney fees add up, and it is tempting to want to keep that money in your pocket. The short…