Connect with us

Real eState

Massillon area real estate transfers for Nov. 20-26 – Massillon Independent

Published

 on


Bethlehem Township

Ruegg Benjamin C from Miller Nelson M, 10058 Navarre Rd SW, $89,100. 

Canal Fulton

Bryan John P & Mary M from Moore Paul T & Linda M & Mike T, 1531 Pauli St, $209,000. 

Jackson Township

Cameron Emily Julia from Watson Anthony W Sr & Victoria L, 5811 Carlew St NW, $245,500. 

Donley Jeffrey S & Kimberly A from Berkshire Farms LLC, parcel 10012224 Emerson Cir NW, $157,900. 

Duty Joseph from Brunkalla Kai P & Dawn K, 5460 Echodell Ave NW, $217,500. 

Finerock Kathleen Trustee from Berkshire Farms LLC, parcel 10012231 Emerson Cir NW, $165,000. 

Gilbert Marcus C & Madison Gesiotto from Harris Jerry W & Pizzino Roseanna, 7170 Farmdale Ave NW, $2,000,000. 

Gunion Leslie R & Barner Matthew from Saba David B Trustee, 6525 Beckleigh Cir NW, $351,000. 

Harris Jerry W from Wenthur Francis P & Linda M Trustees / Q, 9107 Lords Lake Cir NW, $831,250. 

Kruse Evan L & Leslie M from Wilson Katie E & Shilling David A, 4583 Andette Ave NW, $219,900. 

Leonard James D Et Al from Loh Ying C Trustee Etal, 5358 Chianti St NW, $67,000. 

Leonard James D from Leonard James E Et Al, 5358 Chianti St NW, $67,000. 

Lightning Holdings LLC from Prazniak Patricia A Albert, 6368 Youngdale Ave NW, $175,000. 

Mcelroy Ronald C & Victoria L from Serra Jay M, 4829 East BLVD NW, $160,000. 

Metry Michael N & Mary A from Calevski Jovan Et Al, 5943 Frank Ave NW, $329,148. 

Murphy Michael E & Coyne Victoria L from Hall Todd Hunter & Lyngholm David E, 3330 Dellwood Ave NW, $190,000. 

Norris Ronald N & Shannon R Ttees from Wessel Steven L, 7239 Ashmoore Ave NW, $440,000. 

Pritchard Chad R & Melinda J from Davison Gary W R & Susan M, 1257 Leecrest St NW, $92,500. 

Rka Retreats LLC from Tatka Rene S, 7550 Diamondback Ave NW, $309,900. 

Simmonds George from Capuano Leana M Ttee of the Leana M Capu, 2315 Crosshaven Rd NW, $179,900. 

Sparks Jared & Lee David from Benner Janis L, 6462 Sandava Ave NW, $217,000. 

Lawrence Township

Ketler Taylor from Wasson John J, 15680 Lawmont St, $250,000. 

Pry Mark & Jennifer from Messenheimer Todd, 6121 Erie Ave NW, $245,000. 

Rodriguez Eddie Rafael & Abigale R from Jre Homes LLC, 4556 Erie Ave NW, $201,000. 

Massillon

Ducan Lureda from Tessanne Mark G, 1904 Woodruff Ave NW, $120,000. 

Ehmer Jason & Crystal from Snedeker Linda K Trustee, 576 Noble PL NW, $155,000. 

Fiala Jack M from Somers Kathryn L, 1028 State Ave NE, $109,900. 

Frost Robert F & Rebecca L from Cherry Springs of Massillon, LLC, parcel 619148 Cherry Rd NW, $12,000. 

Haas Blake Timothy from Ullum Thomas A, 430 Amvale Ave NE, $165,000. 

Hill Devin M & Keith P from Laser Kathryn L, 1123 Rotch Ave NE, $184,900. 

Hupp Timothy Michael from Humes Sherri L, 2514 Main Ave W, $55,000. 

K&R Property Solutions LLC from Neoh Seow C & Kemin L, 194 27th St SE, $52,000. 

Manson Jason & Julie from Martin Jeremy A & Mariah S, parcel 10014381 27th St NW, $386,717. 

Mcmanus Christopher L from Boswell Mary L, 480 Grosvenor Dr NW, $97,335. 

Slimak Travis G & Piatt Eryn L from Dovel Haven, 1601 Tremont Ave SW, $72,000. 

Steffen Matthew Charles from Safreed Brian T, 413 26th St NW, $87,400. 

Waldrop Karey L Jr from Averette-Waldrop Shirley J, 1835 Greentree PL SE, $119,100. 

Weston & Associates LLC from Massillon Properties LLC, 295 Wetmore Ave SE, $350,000. 

Perry Township

Battista Junevill Y & Louis J Jr from Kovarik Joseph M, 202 Belle Ave NW, $93,000. 

Beatty Scott Alan & Amy Noelle from Hillyer Breyann M, 722 Western Ave SW, $124,000. 

Clark Catherine M from Conger Denzel F Sr, 4908 15th St SW, $113,000. 

Creed Marisol from Meadows Ohio LLC, 4516 Navarre Rd SW Lot #22, $2,000. 

Jacob Caleb J & Kassandra E from Carman Joyce G, 5495 Navarre Rd SW, $135,000. 

Lanphear Terry from PSPR Properties LLC, 199 Crescentview Dr SW, $107,500. 

Lindimore Bryan & Thompson Miranda from Bertram John P, 6534 Highton St SW, $150,000. 

Map Services Neo LLC from Fox Fred A Jr, 150 Cayuga Ave NW, $128,700. 

NVR Inc D/B/A Ryan Homes from R L Deville Holdings Ltd, 4312 Westmont Ave SW, $49,331. 

NVR Inc., A Virginia Corporation, DBA from Dehoff Agency Inc, parcel 10013286 Lavenham Rd SW, $60,000. 

Pugh Jeremy from Smith Caitlin A, 1227 Ellwood Ave SW, $139,900. 

Seeton Ted from Barkheimer Realty Ltd, 210 Fairlawn Ave SW, $89,000. 

Simons Brandon R & Dylanni B from Hain Nicholas M, 4911 Piccadilly Ave SW, $157,000. 

Studer Mark K Jr & Karisa A from Williamson Andrea M, 5930 Faircrest St SW, $150,000. 

Watkins Jeremy from Teter Harold P & Sandra, 318 Harding Ave SW, $145,000. 

Sugarcreek Township

Miller Joel David & Esther Mae from Miller Amos J & Rachael A, 13086 Sandusky Dr SW, $12,000. 

Miller Wesley A & Cindy A from Miller Amos J & Rachel A, 13000 Sandusky Dr SW, $175,000. 

Sauerbrey Colleen from Stolicny Genevieve R & Bartley Elaine R, 460 1st St SW Lot 7, $16,000. 

Sayles Christopher & Stephanie from Dickey James C and Bobbie, 142 2nd St SW, $95,000. 

Sayles Christopher & Stephanie from Dickey James C and Bobbie, parcel 7000592 2nd St W, $95,000. 

Trout Creek Properties LLC from Beatty Josephine A & Mauger Mark M Co TR, 184 Main St W, $63,000. 

Tuscarawas Township

Fuller Christina from Bennett Randall K, 11812 Sinclair St SW, $60,000. 

Adblock test (Why?)



Source link

Continue Reading

Real eState

Impaired Aging Parents Managing Real Estate – Forbes

Published

 on


Who’s Minding the Store?

We’re seeing it more and more now at AgingParents.com: elders as landlords who can’t do the management job any longer. Sometimes it’s the adult children who bring the issue to our attention. They see Dad failing maintain those rental houses he has had for decades. If tenants complain, he does not do anything. They see Mom fail to collect rents from her commercial enterprise, a small shopping center. They realize that rentable spaces are vacant and have been for some time. No effort to lease them is underway. The kids are alarmed. It may be a single rental home, a commercial building, a vast portfolio or anything the elder owns. Cognitive decline was not anticipated. No one was paying attention and things go wrong.

Financially successful people often invest in real estate, but for those who manage the properties themselves, we see a lack of planning about how to ease out of the management role. The same problem can occur when a property owner has a long time management company which is not held accountable for its work due to the cognitive impairment of the owner. Again, no one is watching management. It is a perfect opportunity for theft from the owner.

Real Life Examples

In one case a wealthy man owned a rental apartment next to his house. The long time tenant took ruthless advantage of the 85 year old owner and simply stopped paying rent. He lived for free and manipulated the owner into thinking the tenant was giving him help in exchange for use of the apartment when no such exchange actually took place.

In another case the 87 year old owner of an office building with long-term tenants in it did not take steps to terminate a very problematic tenant who had been there for 20 years. The landlord hated her but failed to exercise his rights to simply not renew her lease. Instead he waited for her to give notice that she was going to vacate. He had another person interested in the space, willing to lease it but he seemed confused about what to do to secure that new lease. He managed the property by himself.

Both of those elders who were landlords had adult children who could have stepped up. In the first matter, the rental apartment, the elder resisted the son’s attempts to intervene. The elder did have dementia but functioned rather well in other things. He angrily fought his son’s attempts to take over his financial affairs. He had previously appointed his son to do this very thing. The freeloading tenant manipulated the elder into signing an agreement to give the tenant free rent for five years.

In the office building matter, the daughter of the 87 year old was clearly not close to her father and was not paying attention to his confusion. She may have been stopped from getting involved by her father, who was stubborn and unwilling to admit that he was having trouble with managing the investment. In both cases, the only way to prevent abuse and manipulation was for someone appointed earlier to step in and assume responsibility for property management. That works smoothly when the elder is cooperative. It creates a legal mess when the elder resists.

Cognitive Decline and Money Management

Research tells us that even in the earliest stages of dementia or other cognitive impairment, financial judgment is impaired. It is, in a way, the first ability to decline and it is hard to see at first. The older person with impairment for financial judgment can carry on a normal conversation, sound and look okay. But if you asked them about the bookkeeping or accounting, they likely can’t keep it straight. Decline is subtle at the beginning and gets worse over time. Something is amiss before any family member may notice it. Sometimes this leads to loss of value in the property as well as lost income.

What family members can do is to be aware that as a person ages, their sharpness for financial management of property (and other matters too) can slide downhill. If you are aware of aging parents’ real estate investments, it is helpful to educate yourself about them, and to offer to help “in case of any emergency”. Ask your aging parent to teach you about them, even if you know plenty already. This approach can appeal to one’s ego: asking for advice. Do this before you see any sign of a problem and you are likely to be successful in preventing loss of income and value of any real estate they own.

If you simply assume that if Mom or Dad has been managing the family real estate investments for decades and it’s all just fine, you are taking too much chance that it will stay fine. Aging takes its toll. Most of us need some sort of help as we age, especially as we reach 85. By that time, one in three people will have Alzheimer’s disease. If you don’t like those odds, make your best effort to get involved in the real estate they have before the investment loses its value for lack of attention. Fraud is all too common. Predatory real estate brokers, crooked management companies and dishonest tenants can take ruthless advantage of vulnerable elders. Don’t let it happen in your family. If you see your aging parent declining in ability to manage real estate and they fight you on stepping in, it is time to seek legal advice so you can learn what options you have.

Adblock test (Why?)



Source link

Continue Reading

Real eState

Montreal real estate: Sellers market remains as prices increase by record levels | CTV News – CTV News Montreal

Published

 on


MONTREAL —
Jacques Leclerc moved to Montreal from Detroit in 2019 with a simple plan.

He and his fiance Emily Ciccia planned to rent for a year and then buy a place with a 20 per cent down payment in Montreal.

It’s 2022, and the couple is still renting in Pierrefonds, frustrated, and starting to think a house purchase is not going to happen.

“Honestly, I never think we’ll be able to afford anything on the island, not at this rate,” said Leclerc.

ISLAND OF MONTREAL OUT OF REACH

The couple recently put in a bid over asking price on a house in St. Lazare, but they were outbid. It was a result they had already experienced a number of times on the island and were now having to deal with in the suburbs.

Leclerc is one among many potential home buyers seeing record increases in house prices influence where they can afford to purchase, if they can at all.

Royal LePage’s recent House Price Survey for the Greater Montreal Area showed almost a 20 per cent increase in the aggregate house price, which is now $532,600.

The median price for a single-family detached home also increased by 20 per cent and is $595,500, while a condo’s median price is $428,900 (up 18.2 per cent).

The company expects prices to continue to increase in 2022 due to a shortage of housing and continuing demand.

Royal LePage general manager Georges Gaucher said Montreal is seeing what Vancouver and Toronto have been witnessing for decades.

Montreal is about 40 per cent of Vancouver’s prices and 44 per cent of Toronto.

“We were historically behind,” said Gaucher.

Gaucher said with Quebec’s improved economy and job opportunities, investors entered the market ready to buy. The pandemic has added to the price increase causing buyers to go farther afield to find a place, a new trend.

“What we were not used to is going out really far away into the suburbs or cottage country to get a first house,” said Gaucher. “That is something that is unknown in Montreal.”

In addition, areas once considered less attractive – Hochelaga-Maisonneuve, East Montreal, Rosemont, North Montreal – are being looked at.

The situation is exactly what happened to Leclerc and Ciccia. The couple wanted to purchase on island, but are resigned to the fact that it might not be possible.

The house in St. Lazare the couple was outbid on needed a new roof, water heater and other repairs and they still could not meet the price someone else offered.

“What I want to know is who’s buying these houses way over asking price?” said Leclerc.

At the rate the market is going, the couple, who both have decent paying jobs with no children or other major financial obligations, feels they are in a race in which they can’t keep pace.

“Either like I need to be able to just borrow money I’ll never be able to pay back to buy this house or like I need a government subsidy to purchase this,” said Leclerc. “The cost of everything now, it’s like I’ll never be able to catch up at this rate.”

PANDEMIC EFFECT

Gaucher said the conditions in 2022 are the same as in 2021.

“Where we have this explosion of buyers,” he said. “Jobs, interest rates, which brings consumer confidence, and then the flexibility of working from home. These were three major elements that created the market last year.”

In addition, Gaucher said the trend of empty nesters selling their houses and moving to a condo or seniors’ residence did not continue during the pandemic.

“People were scared of doing that, so that didn’t happen,” said Gaucher.

Even with the expected interest rate hike in 2022, real estate agents feel the market will remain a sellers’ market.

“There’s a lot of pent-up demand out there,” said Gaucher. “The problem we have is inventory, and we’ve known that for years and years.” 

Adblock test (Why?)



Source link

Continue Reading

Real eState

LACKIE: Time for leaders to take action on Toronto's real estate market crisis – Toronto Sun

Published

 on


Article content

You know how sometimes if you talk about something enough it will start to lose all meaning? It’s like the words give way to sounds that barely even register.

Advertisement

Article content

The noise around Toronto’s housing shortage comes to mind. We have been screeching about our unbalanced real estate marketplace for so long that now that we’re truly in the thick of it, there’s not much left to say that could even begin to capture the truly untenable state of things.

And I am certainly guilty of this myself.

Since the pandemic kicked the real estate market into a gear never before seen, it’s been impossible not to comment as we have witnessed the ripple effects of low supply (hello, endless rounds of lockdowns) meeting high demand (hello, those endless lockdowns driving people to reconsider their living situations). The prices simply followed.

It was an incredible thing to witness, discovering that Toronto’s real estate market could barrel through a global pandemic, emerging unscathed, and, in fact, spread its fire in concentric circles around it. I was gobsmacked.

Advertisement

Article content

But two years in, rather than slowing down and stabilizing, that momentum has only increased.

We apologize, but this video has failed to load.

For instance, as we closed the door on 2020, I remember writing about how incredible it was that across the entire Toronto Regional Real Estate Board there were all of 8,000 properties available on the open market for sale. At the time that number felt shockingly low. Whoa, I thought, that can’t be good.

Well, one year later, as we prepared to ring in 2022, would it surprise you to learn the available inventory had fallen by another 60%? We welcomed the new year with all of 3,323 properties for sale.

To describe that as chronically insufficient does not even begin to capture it.

But would you be surprised to also learn that 2021 was a record-breaking year for Toronto real estate? It was the most sales we have ever had in one year.

Advertisement

Article content

We apologize, but this video has failed to load.

So, when we speak of an inventory crisis we aren’t saying that there are no properties to buy — though our active listings are way down year-over-year — we are mostly pointing to the fact that this market now moves so quickly that any available inventory is swallowed up almost immediately.

The structural aspects of our real estate market have become completely untethered from the market forces that used to drive it.

And yes, the confluence of events that got us here is complex and nuanced, but it should have been increasingly apparent to anyone willing to look for years now. With low interest rates and speculation driving demand, to decades of vastly insufficient housing starts thanks to bureaucratic red tape, restrictive zoning, and NIMBYism, the idea that things will simply self-correct from here seems like magical thinking.

This is a crisis. It’s time our leaders started treating it like one.

@brynnlackie

Advertisement

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Adblock test (Why?)



Source link

Continue Reading

Trending