Why Hire a Buyer’s Specialist in Today’s Market?

In today’s market, hiring a buyer’s specialist offers many advantages that can help you get the home you want.

Selling in Northeast Ohio? Click here for a free home value report

Buying in Northeast Ohio? Click here for full MLS access

Why is it so important to hire a buyer’s specialist in today’s market?

Today I’m joined by two buyer’s specialists from Bold Real Estate Consultants, Linay Forgac and Pietro Bonanni, to explain how this benefits you as a buyer. 

Purchasing a home is a large financial investment for most people, and today’s real estate market is more complex than it used to be. You must have your own agent working for your best interests that will go to bat for you in all phases of the transaction so you don’t feel like you’re left in the dark throughout the process.

The state of Ohio has three types of agencies: buyer’s agency, seller’s agency, and dual agency. If a buyer contacts the listing agent directly, that agent works for the seller. Otherwise the agent can become a dual agent, in which case they don’t represent either party and instead become more like a referee between the two parties because they can’t negotiate on anyone’s behalf or give any advice. There is also a type of dual agency where the agent represents the seller and the buyer doesn’t have any representation whatsoever. 

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It make sense to have your own agent working for your best interests.

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Since we’re in a seller’s market, buyers in certain price points in certain areas are encountering multiple offer situations. Buyer’s specialists help you avoid this by actively searching for listings that aren’t on the MLS yet. You simply tell them the neighborhood you’re looking at and they probe that neighborhood for any homeowner that’s planning on listing their home so you can get to it before it’s listed. 

The best part? Agent commissions in Ohio are paid by the seller, so the services of your buyer’s specialist are totally free.

If you would like to contact Linay for more information, you can reach her at (330) 242-1108 or linay@boldrealestateconsultants.com. If you would like to contact Pietro, you can reach him at (216) 256-6503 or pietro@boldrealestateconsultants.com.

If you have any other questions, please don’t hesitate to give me a call or shoot me an email. I’d be happy to help.

What Sets Us Apart?

Today I’m joined by Chris Moscarino and Zach Roberts, our listing manager, to talk a little bit about our listing process and what makes us different.

Selling in Northeast Ohio? Click here for a free home value report

Buying in Northeast Ohio? Click here for full MLS access

What makes our listing process different from the rest? There are a few factors.

The very first thing we do when we get a listing is contact our staging consultant who then sets up a time with the homeowner to come and do a room by room evaluation of everything that needs to be done to get the home show-ready. Once the sellers check off the projects they feel comfortable doing on the stager’s list, we bring in a professional photographer to take pictures of the home.

While that’s happening, here at the office we are contacting buyers and getting open houses set up. We also do what is called circle prospecting, in which we call and knock on the doors of neighbors to see if they know anyone interested in the property. We then have a private showing for them.

Once a home is live on the market, there will be a lot of traffic at that first open house. Our goal is to get multiple offers, drive the price up, and net our sellers the most money. Although we’re pretty confident your home will sell within days, if a couple weeks go by there’s no need to worry. We are constantly updating our homeowners to let them know exactly what is going on with the property.

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Our goal is to get multiple offers, drive the price up, and net our sellers the most money.

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We stay very competitive with our marketing strategy and continue to make phone calls until we find the right buyer for your home. Communication is the biggest thing for us during this process. Chris even has a weekly phone call with our active clients to make sure they understand what’s happening with their listing. He goes over the showings from the previous weekend and gathers feedback to get an idea of what buyers are looking for. That way, even if our seller’s home has been on the market for a couple weeks, we can figure out exactly what needs to be done to get it sold.

If you have any other questions you’d like answered in a video, or if you have any other real estate needs, please don’t hesitate to give us a call or send us an email. We’re more than happy to help!

Discussing 7 Key Areas in Our Market

What's going on in our market? I'm joined by Chris Moscarino from Bold Real Estate Consultants to help me update you on Berea, Brookpark, Parma, Middleburg Heights, Strongsville, Brunswick, and Medina.

Selling in Northeast Ohio? Click here for a free home value report

Buying in Northeast Ohio? Click here for full MLS access

For today's update on the northeast Ohio market, I've asked Chris Moscarino of Bold Real Estate Consultants to come help me explain things. We're focusing on seven areas in particular today.

Berea: Inventory is 1.9% lower than last February and sold homes are up 14.3% with 23 homes pending. It's a neutral market but appears to be shifting to a seller's market. 

Brookpark: It's a seller's market with inventory down 60% from last year. Sold homes are down 20% with pending sales up 18.8%. The good news for sellers is that 19 of 20 homes for sale went under contract.

Parma: It's also a seller's market with inventory down 21.2% and sold homes up 14.9%. Almost 50% of the inventory is going under contract, which is great news. We're almost to a point for the first time in a decade when available inventory is down below 200 homes. 

Middleburg Heights: Current inventory is down 66.1% with just 21 homes on the market. Sold homes are up 18.2% and pending sales are up 31.3%. This tells us that almost all homes going under contract are selling.

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Inventory is 66.1% lower now than it was at this point last February in Middleburg Heights.

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Strongsville: Inventory levels are down 43.7% and sold homes are down 33.3% with pending sales up 10.2%. It's another area with over 50% of the inventory on the market going under contract. 

Brunswick: The market is neutral but shifting to a seller's market. The number of sold homes is down 40% from last year and pending sales are down 1.6%. These decreases are due to lower inventory.

Medina: Inventory is down 19.2% but the number of sold homes is up slightly. Pending sales are up 11% as well. The market is consistently neutral.

If you have any other questions about your particular area, give me a call or send me an email. I'd be glad to help you!