When looking for a new home, you need (and want) an experienced, passionate and knowledgeable real estate professional to help you. Sherry Callahan, of Howard Hanna is a life-long resident of Cleveland, and the person to talk to when finding your new dream home in Cleveland. Sherry is a million dollar producer, with specialties in residential relocation, historic homes, and senior housing. With decades of training and experience, she knows that the home buying process well. Sherry says, “Buying a home can be fun and the city of Cleveland is the perfect place to start looking.”
We asked Sherry what makes the city living experience in Cleveland so special? She tells us that she enjoys the close connections the city has to offer. “In the 1960’s, people spread out to the suburbs with no close neighbors. Living in the city provides everyone with the chance to know your neighbors and look out for each other – just like in the old days.”
Although city living brings back some of those old- fashioned values, there is nothing old-fashioned about the market, which grows stronger every quarter in Cleveland. Sherry shared her knowledge of the current state of the market: “it has been exceptional for the past 2-3 years. Right now rates are inching up slowly. Each quarter percent increase could raise a monthly mortgage by approximately $50 per month on a $200,000 home. However, rates remain near record lows and are under 5%. This keeps overall prices affordable, which is what makes the market so accessible.”
It’s no secret that the Cleveland real estate market was hit hard in the recession, and vacant homes in Cleveland have been a challenge for the city. According to Sherry, this is turning around,. “Where there were blighted homes torn down, plans for infill homes are taking shape and scheduled to be built over the next few years. Existing home sales are seeing higher offers and shorter time on the market. Investors have called the Greater University Circle area a gold mine and are fixing up homes for resale or rental, which is helping the overall values on many streets.”
With lots of existing housing stock, new development, and a chance to be a part of a growing and supportive community, there should be nothing stopping you from making the move to the city. To get started, contact Sherry Callahan at http://www.howardhanna.com/Agent/Detail/Sherry-Callahan/6737.