Blog | Blog - 21 Mike Team

Real Estate December Market Update for Northeast Ohio! Cleveland Real Estate Market Update: December 2024 As the winter chill settles over Cleveland, so does the seasonal dip in the real estate market. Prices have fallen for four consecutive months since June 2024, but what does that mean for Cleveland’s housing market? Let’s break it all down. Hi, I’m Mike Ferrante with Century 21 […]

Real Estate Investing in Cleveland – Two Newer Laws and Their Legal Pitfalls! Understanding Cleveland’s New Real Estate Laws: What Realtors and Investors Need to Know Cleveland has enacted two relatively new laws, Lead Safe and Residents First, aimed at addressing safety and accountability in the rental housing market. As real estate agents and investors navigate these changes, understanding their implications is critical for success. Mike Ferrante of […]

Real Estate 2025 Business Planning #1 – What is Your Why? Business Planning for 2025: Setting Goals and Strategies As 2024 comes to a close, it is the perfect time for Realtors to reflect, regroup, and plan for the year ahead. Whether you had a banner year or struggled to hit your goals, creating a thoughtful business plan for 2025 can help you take control of […]

Real Estate Open Houses – Possibly the BEST Source of New Business!!! Open Houses: The Secret Weapon for Realtors In the ever-evolving world of real estate, one strategy remains timeless and effective: open houses. If you’re a Realtor, open houses should be a cornerstone of your marketing strategy. They’re not just about selling a specific property—they’re a powerful tool for generating new business and building your client base. […]

Market Update November 2024 – Market Update for NE Ohio! What the Latest FED Rate Cut and the Election Results Mean for Cleveland Real Estate The Federal Reserve has cut rates by another quarter point, and the election is finally behind us. But what does all this mean for the real estate market in Northeast Ohio, specifically in Cleveland? Let us dive into the numbers […]

Real Estate Real Estate Investing – Evictions and Other Challenges Investing in Northeast Ohio: A Comprehensive Guide for Realtors and Investors Northeast Ohio, encompassing cities like Cleveland, Akron, and Lorain, has long been a hotspot for real estate investors. With affordable property prices, strong rental demand, and attractive cash flow opportunities, the region offers a promising landscape. However, like any market, it comes with its […]

Real Estate Buying a Home When You Have One to Sell – Realtor Training! Navigating the Complicated Process of Buying a Home While Selling Your Current Property Buying a new home when you already have one to sell is a complicated process, often involving challenges like coordinating timing, avoiding double mortgage payments, and potentially facing the inconvenience of moving twice. With today’s competitive seller’s market, these hurdles are even […]

Real Estate Top 3 Ideas to Ramp Up Your Real Estate Business in a Stagnant Market! How to Ramp Up Your Real Estate Business in a Slow Market: Insights from Mike Ferrante and Tony Geraci The real estate market is in a state of flux, especially in Northeast Ohio, where inventory shortages, higher mortgage interest rates, and the seasonal slowdown are affecting sales. As real estate professionals, it is essential to […]

Market Update October Greater Cleveland Market Update! Greater Cleveland Real Estate Market Update: Did the Fed’s Rate Cut Help? The Federal Reserve recently dropped its interest rate by half a point, leaving many wondering: Did this move positively impact the Greater Cleveland real estate market? Let’s dive into the latest numbers and trends to find out. Hi, I’m Mike Ferrante with Century […]

Real Estate Real Estate Scams and How to Avoid Them! Understanding Real Estate Scams and Wire Fraud: How to Protect Your Clients In today’s real estate market, scams and fraud attempts are becoming increasingly common. As real estate professionals, it’s crucial to stay informed and help clients protect themselves from these dangers. At Century 21 HomeStar and the 21 Mike Team, we are committed to […]

Real Estate Clear Cooperation – Why is it so IMPORTANT??? The Importance of the NAR Clear Cooperation Policy for Realtors The real estate industry is constantly evolving, and so are the rules and regulations that guide professionals in the field. One policy that has gained significant attention is the Clear Cooperation Policy introduced by the National Association of Realtors (NAR). While some may debate its […]

Real Estate Realtors – Do You Want More Listings? How to Get More Listings: Insights for Cleveland Realtors from Mike Ferrante and Tony Geraci In today’s real estate market, one of the most pressing questions for agents is: “How do I get more listings?” As real estate professionals, we know that listings are the key to scaling our businesses, especially in a competitive market […]

Real Estate Procuring Cause – Who Gets Paid? Understanding Procuring Cause in Real Estate: Who Gets Paid in a Dispute? When it comes to real estate, few topics cause more confusion and contention among agents than “procuring cause.” Who rightfully earns the commission when there’s a dispute between real estate agents? This topic is especially relevant now that we have mandatory buyer […]

Real Estate Buyer’s Agents – Are You Going Extinct??? Know Your Value! – Realtor Training Are Buyer’s Agents Going Extinct? The Real Truth Behind Their Value in Real Estate In the evolving world of real estate many people are questioning the role of buyer’s agents. With new rules, market shifts, and the rise of digital tools, some headlines suggest buyer’s agents might become obsolete. However, as real estate professionals, Mike […]

Real Estate Realtors – Are Your WORDS Violating Your Fiduciary Responsibilities? Are Your Words Violating Your Fiduciary Responsibilities in Real Estate? In the fast-paced world of real estate, the words you say or write can make or break a deal. But more importantly, what you say can have legal implications, especially if you violate your fiduciary responsibility to your clients. In this blog, Mike Ferrante, Team […]

Real Estate Realtors – Is it Still Worth Working with Buyers? Should You Keep Working with Buyers in the Changing Real Estate Market? With the drastic changes happening in the real estate industry, including buyer agent commissions no longer being posted in the MLS and mandatory buyer’s agency agreements, many agents are left wondering: is it still worth working with buyers? If you’re feeling unsure about […]

Real Estate The Ugly Side of Real Estate Investing The Ugly Side of Real Estate Investing: Lessons from a Rental Property in Warrensville Heights Real estate investing is often glamorized as an easy way to generate passive income, build wealth, and enjoy the benefits of appreciation and tax advantages. But as any seasoned investor will tell you, it’s not always smooth sailing. I recently […]

Real Estate Buyer Agent Commission Negotiations – Are You Making Mistakes? Buyer Agent Commission Negotiations: Are You Handling Them Correctly? In the changing landscape of real estate, buyer agent commission negotiations are becoming a hot topic. As a Realtor, understanding how to navigate these conversations effectively is crucial for your success. Mike Ferrante, Team Leader of the 21 Mike Team at Century 21 HomeStar, alongside Broker/Owner […]

Market Update September 2024 – Cleveland Area Real Estate Market Update – Worst in Five Years! Cleveland Real Estate Market Update: September 2024 — Worst August in Five Years! The Cleveland real estate market experienced its slowest August in terms of sales in five years. What does this mean for buyers, sellers, and investors in the area? Let’s break down the latest market data, and offer predictions for the rest of […]

Real Estate Working With Buyers is Now Much More Complex – Are You Making Mistakes? Avoiding Common Mistakes with Buyer Agreements and Compensation in Real Estate In today’s evolving real estate market, understanding how to effectively manage buyer agreements and compensation is crucial for every agent. With the recent changes in regulations and increased scrutiny from governing bodies, it’s more important than ever to stay compliant, while also providing top-notch […]

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