Cleveland Real Estate:Two Good Reads From Other Bloggers

I read two posts this weekend that I definitely want to pass on to everyone....the posters are not in NE Ohio but what they have to say applies to every state and all of us. Both of these bloggers are real estate professionals whom I respect tremendously and whose work I follow.

First, George Souto is a mortgage lender from Connecticut He wrote a post on zero down mortgages and what is fact and what is fiction about them in our current market. I definitely suggest you read this.

Next, Linda Davis (coincidentally, also from Connecticut!) has a story about a listing she had that just went under contract. She understands about pricing listings; she understands a lot because she is a broker who has been in business for about 30 years. So check out her post to get some great insight into what is important when you want to sell your home. Peace Out - 3C

Cleveland Housing News: Ohio's Homestead Exemption Tax Has Expanded

Governor Strickland and The Ohio General Assembly have expanded the Homestead Exemption Tax. You may not have been eligible before but may now meet the requirements.

Are you 65 ?

Are you disabled?

If you answer yes to either question, you may now qualify. Because the income limits have been eliminated.

It could reduce your property taxes up to $400 a year.

I mention this now because the deadline for applying for a Homestead Tax Exemption is October 1, 2007. Believe it or not, October is not that far away. You will ultimately be applying through your local county auditor. There is a directory of all county auditors and forms you can download at the Ohio Department of Taxation website.

If you already qualify, no worries, the new rules will automatically keep you in the program.

You can find out more information two ways -

On line at Ohio Department of Taxation or by calling them at 800-282-1780.

In Cuyahoga County, you can contact the Auditor's Office on line or by calling 216-443-7010

Peace Out - 3C