Ohio Real Estate Blog

Recent Posts from Ohio Real Estate Blog

• Ohio 3rd Quarter Residential Report: Sales Up; Prices Down (but not by much)

  The National Association of Realtors reported this week that sales of previously owned single-family homes, condos and co-ops for 3rd Quarter 2009 were 11.7% higher than 3rd Quarter 2008. While it is estimated that 30%…

• DON’T FORGET THE RULES OF THE GAME

  (a Primer for Ohio Residential Property Landlords)Most real estate professionals agree that the residential-rental property "game" is still a good investment in these uncertain economic times. One of my friends at Johnson Capital recently announced…

• University of Dayton May Buy NCR Headquarters

  According to news reports released on Monday, October 12, 2009, the University of Dayton is in discussions with NCR Corp.to potentially acquire the former NCR world headquarters building in Dayton. That would be great news…

• CLE Updates on Foreclosures and Road and Access Law

  There are a couple more real estate-oriented continuing education seminars scheduled for the coming months:First is a seminar sponsored by the Stirling Education Services, Inc. on December 1, 2009 in Akron, Ohio titled "Real Property…

• CLE Update: How to Obtain Good Title in Real Estate Transactions

  The National Business Institute is sponsoring a one-day seminar on "How to Obtain Good Title in Real Estate Transactions" on December 10, 2009. The seminar will be held at the Holiday Inn Independence on 6001…

• Condos Getting Creative to Deal with Foreclosures

  Condo associations, like developers and lenders, are facing significant issues due to the foreclosure crisis. Increasing foreclosures leads to less income from condo assessments as owners cannot pay their condo fees. The lower assessment income…

• CLE Update: Residential Real Estate

  The Ohio State Bar Association is sponsoring a live simulcast program titled "Residential Real Estate Transactions" on November 4, 2009 in 8 cities: Akron, Cleveland, Columbus (live and via webcast), Fairfield, Steubenville, Toledo, Wooster and…

• National Association of Realtors (NAR) Urges Congress to Extend 1st time Homebuyer Tax Credit

  Most real estate professionals, economists and advisors claim that the $8,000 first-time homebuyer tax credit has definitely been a success. Recent home sales statistics support their claim. According to the National Association of Realtors, “Homebuyer…

• Commercial Real Estate Forecast: Cloudy, Chance of Light at the End of the Tunnel- Early 2010

  A perspective from Daniel Lisser, Managing Director of Johnson Capital(re-printed with permission from Mr. Lisser)Completing transactions in the commercial real estate market remains difficult due to a lack of securitized and unsecuritized lending activity. Commercial…

• WATCH YOUR LANGUAGE WITH “REPAIR CLAUSES” IN OHIO COMMERCIAL LEASES -PART 2-

  (or they could become "replace clauses") Generally speaking, courts will uphold language in a commercial lease, unless it is contrary to statutory law or public policy. Consequently, commercial landlords and tenants have a lot of…