Sunday, July 30, 2006

CITGO Severing Ties With Ohio

CITGO will stop supplying gas to stations in Ohio and nine other states, by the end of March 2007, according to a company spokesman. The stations will stay, they just will not operate under the CITGO name, says company spokesman David McCollum. Cuyahoga Falls has five CITGO stations , Stow, Munroe Falls, Northfield, Tallmadge,Twinsburg, Bedford and Maple Heights each have one station, all owned by Holland Oil except for the Stow location. CITGO is experiencing a gasoline shortage of 130,000 barrels per day causing large profit losses for the company says McCollum. McCollum also adds the shortage certainly puts us at a competitive advantage financially, citing the shortfall as the reason CITGO is moving out of the region.

Source: Stow Sentry Sunday, July 30, 2006

Questions or comments write or email
eugene.dougherty@realliving.com

Saturday, July 29, 2006

Ohioans Leaving the State

High taxes and job losses are critical issues facing Ohioans. Ohio is 40th in per-student support of public universities (2004). Ohio is 3rd highest in state and local tax burden in the country (2006). Ohio has the highest unemployment among the states (2004). Ohio has 0 public colleges that appear in the top 50 of the annual U.S News and World Report survey.

Source: Sunday July 16,2006 Akron Beacon Journal.

Questions or comments: write or email
eugene.dougherty@realliving.com

Property Owners Responsible For Sidewalk Repairs

Stow service department officials plan to complete repairs to the city's sidewalks, but property owners will have to cover the cost. Property owners are responsible for any repairs to sidewalks on their land. The cost will be determined on a square foot basis.

Source: Stow Sentry Sunday July 16, 2006

Questions or comments write or email
eugene.dougherty@realliving.com

New Jobs for Stow

90 new jobs coming to Stow. Wrayco expansion will create 90 new jobs. Wrayco invests $25 million in new facility. The expansion also will bring in approximately $72,000 in income taxes annually to Stow.

Source Stow Sentry Sunday July 9, 2006

Questions of comments email or write eugene.dougherty@realliving.com

Market Stats

Cuyahoga Falls East, Cuyahoga Falls West and Cuyahoga Falls North Hampton
04-06, 279 homes for sale, 48 sold, 92 days on the market.

Questions or comments write or email
eugene.dougherty@realliving.com

Communities may unite dispatch services.

Seven communities may unite dispatch services to cut costs and improve quality of service. Stow, Tallmadge, Munroe Falls, Silver Lake, Brimfield, Mogadore and Green, all members of the Summit Suburban Council of Governments are the communities considering the consolidation.

Source: Stow Sentry Sunday, June 25,2006

Questions or comments write or email
eugene.dougherty@realliving.com

Questions to ask Lenders Part II

What escrow requirements do you have? For example: number of days in advance of closing that money has to be deposited, form money must be in.

How long is your lock-in period (the time that the quoted interest rate will be honored) Will I be able to obtain a lower rate if rates drop during this time.

How long will the loan approval process take

How long will it take to close the loan.

Questions or comments write or email
eugene.dougherty@realliving.com

Questions to ask Lenders Part I

What are the most popular mortgage loans you make and why?

Which type of mortgage plan do you think would suit us and why?

Are your rates, terms, fees, and closing costs negotiable?

Will I have to buy private mortgage insurance (PMI)? If yes, how much will it cost and how long will it be required? Private mortgage insurance is usually required when less than 20% is put down. Most lenders will let you discontinue the policy when you reach 20% equity by paying down the loan, but you will likely have to initiate that change. Lenders are required to cancel PMI only when 22% equity is reached.

Who'll service the loan, your bank or another company?

More questions to ask lenders next week.

Questions or comments write or email
eugene.dougherty@realliving.com

New Hotel for Stow?

$8 million hotel may come to city
Company plans to present proposal to Stow officials this month or next.
Plans are being prepared to construct an extended-stay hotel at Steels Pointe, according to Pride One managing member Jerry Fiume.

Source: Sunday, June 4, 2006 Stow Sentry

Questions, comments email
eugene.dougherty@realliving.com

Advertise Your Event

Having a garage sale or community event, email me and I will post your information on my blog and website (www.realtyone.com/eugene.dougherty).

Questions or comments write or email eugene.dougherty@realliving.com

Market Stats

Cuyahoga Falls East March 06 there were 45 houses for sale 10 sold and they were on the market for 102 days. Cuyahoga Falls East April 06 there were 52 houses for sale, 11 sold and they were on the market for 59 days.

Questions or comments write or email
eugene.dougherty@realliving.com