Town Tour of Perrysburg, Ohio

Town Tour of Perrysburg, Ohio

Hey, guys! Welcome back to my video blog!

Normally, I talk about interest rates, the housing market or tips on how to sell your home. Today, though, I have something a little different for you.

I recently went on vacation with my beautiful wife and it got me to thinking about all the incredible cities I’ve been too. I’ve got to see a lot of awesome places, but I am still in love with my hometown, Perrysburg.

Perrysburg is the perfect place to raise a family. The school system is fantastic and the housing stock is amazing. They layout of the city is great and it’s easy to get around. There are great shopping amenities; it really has it all. The neighbors are great and there is a real sense of community here.

So if you have been looking at moving to northwest Ohio, consider Perrysburg. Give me a call and we can find a home that’s right for you!

Thanks for watching! Throughout the next few months we will be sending tours of different homes in the northwest Ohio area.

How to Sell Your Home Faster

How to Sell Your Home Faster

Hey, guys! Welcome back to my video blog!

I get asked all the time ‘how can I sell my house faster?’ I have four major tips to help make your home one of the best competitors out there.

1.    Repair, renovate and remodel. Before you even list your home, get the necessary repairs. Today’s buyers are smart; they expect a certain quality for a certain price. Why turn off the best buyers when you can just get the repairs done first.
2.    'Declutter' and depersonalize. When buyers come in and look at your home they want to be able to imagine living in it. Take down the pictures and religious fixtures. I often bring in a stager, whom I pay for, to get the home looking great.
3.    Maintain a Neutral Color Palette. Color is very much a taste preference. While you might love your key lime pie colored room, the potential buyer may not. It’s just a coat of paint, but it can make a huge difference.
4.    Modern décor. If you have wallpaper, get rid of it! If you have light fixtures from the ‘70s, it’s time to stop being groovy. Present a modern décor.

These are four easy, but effective ways to get your home sold faster. About six months ago the market flipped and I completely revamped my marketing plan. My strategy is unlike any other realtor’s in the Toldeo area. I am ranked within the top 1,000 realtors nationwide. Give me call. I can sell your home fast and for top dollar!

Thanks for watching!

Is This the Perfect Home for You and Your Family?

Is This the Perfect Home for You and Your Family?
8408 Kacie Lane in Monclova - Brand New on the Market for only $389,900!

Are you looking for a bigger home for your growing family? 

Then this custom built, 3,360 sq. ft. home is perfect for you! 8408 Kacie Lane is located on a low traffic road, on a beautiful, secluded lot. 

High ceiling, spacious rooms and a stunning kitchen make this home perfect for entertaining and living comfortably.

All upgrades, wood floors and a first floor master suite are just a few of the things that make this home extraordinary. 

Find out out more about this dream home!

FAQ’s from Viewers and Clients

Hey everyone! I’m taking a break from a real busy week to answer some questions I’ve had from clients and viewers.

How long will it take to sell my home?

I hear this all the time. The answer really depends. The average time on the market is 60-90 days depending on which suburb. It’s obviously dependent on price; the higher the price, the longer it sits on the market. We are selling homes very quickly because inventory is historically low. The question is also dependent on what you do to make your home look great.

Where do you think the market will be in 12 months?

I honestly don’t know. I had the chance to work on Wall Street and I didn’t take it. I would say this, though, there seems to be a lack of great new houses. There is a shortage of builders building. I don’t know when that will hit, but there will be a lot shortage.

Do Dave Ramsey and Glenn Beck support you?

Yes, they do. I have met Dave Ramsey and I look forward to meeting to Glenn Beck in the near future.

Where do you rank?
RE/MAX is number one in North America as far as sales volume. RE/MAX is number one in market sharing in Toledo; this means putting a RE/MAX sign in your yard has a positive effect on selling your home quickly and for top dollar.

Last year I sold more houses than anybody else in Toledo and the price ranges varied from low to high end homes!

Do you love your Volt?
Yes, I absolutely love it! I love driving by gas stations!

Can I borrow your truck?
Yes! It’s only been in two accidents. But, yes you can borrow it!

What’s next in our market?
I think we are going to see prices go up. Interest rates will also go up. Inventory is still a challenge.

If you need any help give me a call! Thanks for watching!

How is the construction market in the Toledo area?

Hi everyone! The question I’m hearing a lot lately is ‘What’s going on with the new construction?’ So, I wanted to give you an update!

The supply and demand have been off lately. In a free market, though, that balance corrects itself. So that’s why we are starting to see new construction. There’s a shortage of sellable homes right now. Sellers are responding to that by putting their home on the market and builders are watching what’s going on.

Let me give you the greatest tax dodge in America right now! But don’t tell anyone I told you! Become a builder. Build your own house and live in it for three years. After that you can sell it; all your gain, the imputative value of all your labor is all tax free. There are no income taxes!

I have clients who are doing this now and it’s absolutely phenomenal! The greatest way to make money is to build your own home and sell it!

The second thing I wanted to talk about is how the supply and demand is out of wack. You’re not going to see smaller builders building. In the last boom market (7-9 years ago), everyone became a builder. Most of those guys are gone and I don’t think they are coming back.

The Toledo market is interesting because we don’t have big national builders here who take lot after lot. Instead we have a few local large builders. That’s who’s building, not 70 smaller builders.

Here’s how you buy a new house today. For the last six years you had to basically do a contract. Today, there are enough spec houses for you to buy. The other way is kind of cheating; you want to find a transferee who bought a new house and they have been transferred in the first year or two.

So, it’s a tight market. Supply and demand is out of wack and the huge number of builders we had is mostly gone. I ran some statistics and found some fascinating information. There’s 60 brand new houses active in the MLS from $130,000-$174,000. And 40 of them are pending! So if I’m a builder, I love those odds!

So now is a great time to build! The market is heating up big time! So if you are thinking about new construction, give me a call 419.874.1188 or send me an email at jon@modene.com!

How Will Rising Interest Rates Affect You?

Welcome back to my real estate blog! Lately I’ve been getting a lot of questions from both buyers and sellers about how the rising interest rates will affect them.

Buyers are going to take a harder hit than sellers. Most buyers have been looking at a base interest rate of 2-3% over the past few months. Rates have increased to 4-5% now. This is a huge impact mentally; financially it’s not that big of an impact. You are only going up one point.

To explain financially, a payment for a typical mortgage product six months ago was just around $1,700, now with the increase in rate it’s just above $2,000. That’s a $300 hit on your income. This will cause affordability problems for some which will lessen then buyers’ pool.

My advice to buyers is to get the house you want at the price you want, but with a fixed rate. I would not recommend getting a variable interest rate mortgage.

The rise in interest rates won’t affect sellers as much. You may think that now your home isn’t worth as much, but the reason for that is because appraisers are valuing your home at less. The reason for this is because of the dramatic changes in the market. With multiple offers, I am able to get you more than the appraisal value.

If you have questions about how the interest rates will affect you, give me a call 419.874.118

How to Win Your Dream Home

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A lot of you want to know the secret to winning the bid on a home.  It’s most important to know the market first.  The most recent report for the Perrysburg area shows a three month inventory.  This means that if no other homes came on the market there would be no houses for sale left.  That is the lowest I’ve seen in my career.

The report also shows the number of houses for sale has dropped from 500 to 280, yet prices have held steady or declined based on closed home sales.

Now that you know the market, we have four tips to help you win the home you want.

Don’t Look Back

When you find a home you like, make a bid.  There is no assurance a house like it will come on the market soon.

Be Serious

Make your best offer first.  If you give a weak offer first, often times you are helping someone that has a better bid get the home.

Hire a Local Real Estate Expert

You need someone who knows what they are doing.  It is a competitive market; you need a full time real estate agent who will work around the clock for you.

It’s Not Winner Takes All

Make an offer that works for both you and the seller.  Communicate with the seller, find out what they want.  If you’re flexible in other channels you may be able to get a better deal.

If you have any questions or want to know more visit my website at www.modene.com or call me at 419-874-1188.  We’ll find a way to help you!