EDGE.
EDGE. SO
EDGE. SO WELCOME BACK TO LEADING EDGE.
YOU KNOW THESE GUYS SELL REAL
ESTATE AND THAT EXPLAINS THE
CUTIST SMIEMS, GENTLEMEN.
I HEARD THAT FROM OTHER MARKETS.
THERE IS AN OPEN HOUSE ON SUNDAY
AFTERNOON.
AFTERNOON. WE MIGHT WANT TO MAKE AN OFFER
AND WE CALL OUR REEMENTOR.
NOW IT IS IT HAPPENING HERE.
JOHN, OWNER, BROKER AND REMAX
REFERRED.
REFERRED.
REFERRED. JASON A COMMERCIAL REEMENTOR.
LAST TIME YOU WERE WITH US YOU
WERE PRESIDENT OF THE NORTHWEST
OHIO REALTORS.
OHIO REALTORS. YOU COULD PROBABLY SELL HOUSES.
HOWE CRAZY IS IF IN THE SELLER'S
MARKET.
MARKET.
MARKET. THE AMOUNT OF INVENTORY THAT IS
AVAILABLE THIS CREATED A VORTEX
OF DEMAND.
OF DEMAND. YOU TELL ME IN THE WHOLE, I
THINK IT IS A TEN COUNTY AREA.
THEY ARE LISTEDED IN
A TRADITIONAL NORMAL YEAR AND IN
THE THOUSANDS.
THE THOUSANDS. WE HAVE SEEN 4- 6000 ACTIVE
HOMES.
HOMES.
HOMES. THERE WERE 663 RESIDENTIAL
SINGLE FAMILY OR CONDO VILLA
PROPERTIES.
PROPERTIES. THINK ABOUT THAT.
THAT IS NOT ONLY TOLEDO.
IT IS JUST A REALLY PHENOMENON.
I WANT TO GET JASON IN THERE.
THE EMPLOYEES ACTUALLY CAN AND
DO WORK PRODUCTIVELY FROM HOME.
MOST OF US LEARNED HOW TO SHOP
ON LINE.
ON LINE.
ON LINE. WHAT WERE YOU FOUND OUT IN THIS
MARKET.
MARKET.
MARKET. WE WERE EXPECTING IT GOING INTO
THE PANDEMIC.
THE PANDEMIC. THROUGHOUT THE YEAR, WE SAW
INCREASE AND NEW CONSTRUCTION
AND 40000 DECREASE IN VANANCY.
COMBH WITH REGARD TO THE ON
LINE.
LINE.
LINE. WE
LINE. WE LOSE SOME BIG BOX RETAILERS.
THE OFFICE IS A DIFFERENT STORY.
IT WAS ON ITS WAY TO BEING
AFFECTED.
AFFECTED.
AFFECTED. I THINK THE NATIONAL USERS THEY
ARE WEIGHING IT AGAINST THE LOSS
OF THAT OVERHEAD.
GET BACK ON THE RESIDENTIAL
SIDE.
SIDE.
SIDE. MORE OF OUR VIEWERS IT WOULD
TELL ME THAT PRICES ARE UP.
HOW HIGH ARE THEY UP?
>> PRICES ARE DOUBLE-DIGIT UP.
SOME MARKETS ARE OVERHEATED.
IF THERE IS MORE THAN 4 OR 5 OR
10 HOUSES ON THE MARKET THAT IS
UNUSUAL TODAY.
UNUSUAL TODAY. THE PRICE IN THE MULTIPLE
LISTING SERVICE AND THE PRICE ON
THE PURCHASE CONTRACT AND OFTEN
TIMES WHEN THERE IS MULTIPLE
OFFERS INVOLVED.
OFFERS INVOLVED. WE ARE REALLY SHOOTING AT
A MOVING TARGET.
YOU ARE GETTING MORE FROM YOUR
HOUSE AND EXPECT TO SELL IT
QUICKER.
QUICKER.
QUICKER. 60 OR 70 DAYS ON THE MARKET?
>> YEAH, EVEN LESS WHEN YOU
REALLY, REALLY DRILL DOWN.
THERE IS SOME INVENTORY THAT
NEVER GETS ABSORBED.
BUT IF YOU ARE LOOKING AT
A SINGLE FAMILY HOUSE THAT IS
PRICED WELL AND IN REASONABLE
CONDITION.
CONDITION. IT WOULD BE DAY AND NOT WEEKS OR
MONTHS.
MONTHS.
MONTHS. OFFERING WITHOUT EVER GOING INTO
THE HOUSE.
THE HOUSE. THAT IS SO FOREIGN TO ME.
HE'S BULLISH ON THE MARKET.
WHOO IS FUELLING THE COMMERCIAL
REAL ESTATE MARKET.
IS IT JUST LOCALS REPOSITIONING.
>> OR MORE PEOPLE COMING IN.
>> YOU HAVE NEW MARKET ENTRIES.
LEX PANDING.
LEX PANDING. I AGREE WITH.
THE TYPE OF GROWTH IS
UNPRECEDENTED YOU LOOK AT
NUMBERS WAS NEW CONSTRUCTION.
WE HAVEN'T SEEN THIS SINCE THE
1950S.
1950S.
1950S. REFERENCE I KNOW PEOPLE BORN IN
THE 50S.
THE 50S.
THE 50S. THEY ARE OLD NOW.
THAT IS GREAT NEWS FOR
HOMEOWNERS SHOULD YOU WANT TO
SELL.
SELL.
SELL. WHO
SELL. WHO GETS SQUEEZED WITH THESE
THINGS.
THINGS.
THINGS. FIRST TIME HOMEOWNERS.
WHAT P IS FOR SALE IS EXPENSIVE
IT IS A CHALLENGE FOR FIRST-
TIME THEY ARE COMPETE NOTHING
A MULTIPLE OFFER ARENA AND
OTHERS WHO ARE CASH BUYERS.
THEY ARE LOOKING FOR HELP TO PAY
THE CLOSING COST.
AND I AM HEARING IT IS TOUGH TO
PUT ON THESE CONDITIONS.
WE WOULD SAY I WANT A INSPECTION
ON YOUR HOUSE.
THINGS ARE GOING BIELT WAY SIDE.
APPRAISAL GUARANTEES.
APPRAISAL GUARANTEES. YOU UNDER CONTACT AND THE BUYER
MAY GUARANTEE THEY WILL PAY X-
NUMBER OF DOLLARS BECAUSE THEY
WANT THE HOUSE THAT BADLY.
UNPRECEDENTED TO SEE THOSE KINDS
OF TERMS WRITTEN IN THE
CONTACTS, JERRY.
CONTACTS, JERRY. ALL RIGHT FOLKS GET OUT THERE.
IN WANT TO KNOW WHAT GETS US OUT
OF THE SCENARIO.
IT IS A GREAT TIME TO SALE.
THANK YOU