Posts in category 'Uncategorized'

Appraisal: A determination of the value of something, such as jewelry, stock, or, in this case, the house you plan to buy. 

APR: A yearly interest rate that includes upfront fees and costs paid to acquire the loan, calculated by taking the average compound interest rate over the term of the loan.

Closing Costs: All settlement or transaction charges (above and beyond the actual cost of the property) that home buyers (or sellers, depending on tradition in your area and what you negotiate with the seller) need to pay at the close of escrow when the property is transferred. 

Closing Disclosure: A form that provides final details about the mortgage loan you have selected.

Contingency: A...

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Since 2016, there has been an influx in short-term rentals across the city. To ensure that our clients and the general public are informed on the rules and regulations of the imposed housing codes, we put together important details regarding the steps needed to be taken in order to operate a short-term rental in the city of Cleveland. The details listed below come directly from the City of Cleveland's Department of Building and Housing codes and ordinances under Title IX: Housing Codes.

Chapter 371 - Rental Dwelling Standards 

Under the current codes and ordinances, an owner, operator or agent shall not rent, lease or offer for rental or lease for residential occupancy any dwelling units, dwelling structures or any part of a dwelling unit or dwelling structure that does not comply with...

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At Progressive Urban Real Estate, we pride ourselves on being experts in the Cleveland Real Estate market. Our agents take the time to get to know the surrounding communities and neighborhoods that make the city of Cleveland special. Many of our agents live in these same communities that they are selling real estate in, making their involvement that much more meaningful. 

A big part of community involvement is knowing what exciting things are happening around the Cleveland area. Knowing the market and what makes Cleveland the unique city attracting new residents to its charm more and more every single day. Here are a few of the biggest events scheduled to happen in Cleveland during 2020.

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Having been in business for over 30 years, the Realtors at Progressive Urban Real Estate are well versed in the process of becoming a homeowner. In In last week's blog post, we detailed what to expect during the closing process; leading up to closing and on the day of closing. In this blog post, we will provide guidance on how to prepare for the closing process.

In a real estate transaction, the closing is the final exchange in the sale and purchase of real estate in which the deed of title is delivered to the buyer, the title is transferred, financing documents, title insurance policies are exchanged, and the agreed-on costs are paid.

As a quick refresh, here is a simplified breakdown of what happens during closing and when the buyer finally becomes the homeowner. To read a more extensive list of what to expect during the closing process, take a look at

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