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08-19-2008, 01:09 PM
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Member
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Join Date: Aug 2008
17 posts, read 11,392 times
Reputation: 10
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Looking for Opinions on East Side Suburbs
Just trying to get a few different opinions.
I have a child in an east side private school and we're moving from the west side.
Love Shaker Heigts -- but the taxes put a limit on what we can get.
University Heights has great homes and the taxes aren't quite so bad.
Looked at a few properties in places like Orange, Pepper Pike and Moreland Hills, not as much character, need work but could be a good investement.
The question really is -- try to find a finished home in University Heights or take a chance w/more of an investment home in a one of the fancier suburbs????
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08-19-2008, 05:14 PM
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I'm a GROUCH! So deal with it!
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Join Date: Dec 2007
Location: Here and there, you decide.
4,109 posts, read 2,746,318 times
Reputation: 382
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at this time, real estate may not be the greatest of investments, especially the high dollar units
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08-19-2008, 09:48 PM
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Senior Member
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Join Date: Jan 2008
Location: Cleveland, OH
794 posts, read 600,164 times
Reputation: 133
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Quote:
Originally Posted by airics
at this time, real estate may not be the greatest of investments, especially the high dollar units
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I would say the opposite. NOW is the time to buy. but I do partially agree on the "high dollar units." Most other real estate in the area is beginning to turn around and we may never see prices so cheap for at least decades. Cleveland for example has had increasing home values since Feb. Since we were the first to get hit by dropping home prices, we are the first to be rebounding apparently.
EDIT: however the biggest positive changes are with properties in and around the city core. |
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08-20-2008, 01:03 PM
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Member
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Join Date: Aug 2008
17 posts, read 11,392 times
Reputation: 10
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Thanks for the replies.
When I say investment, it would be my primary residence. Really, I'm just trying to decide if I want to try and get a fixer upper in a place like Pepper Pike -- or -- find a home in University Heights that doesn't need any work.
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08-22-2008, 01:15 PM
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I'm a GROUCH! So deal with it!
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Join Date: Dec 2007
Location: Here and there, you decide.
4,109 posts, read 2,746,318 times
Reputation: 382
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sorry costello, as a realtor, i disagree, prices are still falling on the high dollar units as the bank owned units are not moving quickly as in other parts of the country... if you do look at a bank owned, you can offer 20% below list easily and have a chance.. whereas other parts of the country,, the bank owned have multiple offers and sell for over list...
however, it is unthinkable that you can buy a home in garfield heights (as an example) for 12,000 and its not in a bad area... Bank was asking 35, offered 12, got it
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