Art Hotes' Blog

Sales Statistics for MEDINA County, Ohio Single Family Residence Time PeriodNumber of SalesMedian Sale Price  Jan 2008141$175,500  Jan 200794$170,000  Dec 2007176$189,220  Dec 2006145$163,300  2008 YTD292$171,450  20072,435$185,000  Condominium Time PeriodNumber of SalesMedian Sale Price  Jan 200...

Are you looking to purchase real estate, but perhaps your credit isn't where you'd like it to be?Here is a few tips to help prepare yourself (and possibly repair your credit) in order to buy that home of your dreams:You should always retain all bank statements and pay stubs If you're renting, mak...

Downpayment Assistance Rule:FHA will issue official guidance regarding implementation of the regulation regarding a mortgagor’s cash investment.  In the interim, to address the questions raised by many industry partners, FHA is providing the following information: 1. Nehemiah Corporation of Ameri...

I read a discouraging report today from Ohio Association of REALTORs, which identified all the Ohio Counties and their rankings with each other on the number of foreclosures per capita in 2006.Here are the Top 10 most foreclosed Ohio Counties per capita in 2006:1.  Cuyahoga - 1 out of every 96.6 ...

Determining Your Offer PriceWhen you prepare an offer to purchase a home, you already know the seller's asking price. But what price are you going to offer and how do you come up with that figure?Determining your offer price is a three-step process. First, you look at recent sales of similar prop...

When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or three months on any of your liquid assets. This includes checki...

Salaried EmployeesIf you are a salaried employee who does not earn additional income from commissions, bonuses, or over-time, switching employers should not create a problem. Just make sure to remain in the same line of work.  Hopefully, you will be earning a higher salary, which will help you be...

Medina County Residential Properties for Sale as of 2/01/07Single Family Homes Available as of 2/01/07 - 1253 Properties FoundSquare FeetBedroomsFull BathsHalf BathsList PriceSale PriceDays on MarketMin0210$ 25,000$ 01Avg2526320$ 285,652$ 0101Max12900863$ 3,467,850$ 0660 Condominiums Available as...

Medina County Residential Sales for January 2007Single Family Homes Sold in January '07 - 71 Properties FoundSquare FeetBedroomsFull BathsHalf BathsList PriceSale PriceDays on MarketMin984210$ 44,900$ 32,5002Avg2256310$ 226,037$ 217,33999Max9200551$ 999,950$ 999,500645 Condominiums Sold in Januar...

Medina County, Ohio Climate InfoMonthLowMediumHighPrecipitationJan13° 22° 31° 2.0 Feb15° 24° 34° 2.1 Mar25° 35° 45° 3.1 Apr35° 46° 58° 3.2 May45° 57° 69° 3.9 Jun54° 66° 78° 3.6 Jul58° 70° 82° 3.9 Aug56° 68° 80° 3.2 Sep50° 62° 74° 3.4 Oct39° 50° 62° 2.3 Nov31° 40° 49° 3.3 Dec20° 28° 36° 3.0       ...