Find your home with
Universal Holdings
Discover the Benefits of Buying Real Estate with Us
Navigating the real estate market can be a complex task, especially for those unfamiliar with the area or new to home-buying. That's where we come in. Whether you're a first-time homebuyer, an investor, or moving from out of town, our team is dedicated to guiding you every step of the way. We are here to make your real estate experience both rewarding and seamless.
Why Buy With Universal Holdings?
Extensive Local Knowledge
For out-of-town buyers exploring Cleveland, we offer in-depth insights into different neighborhoods. Our team keeps you informed about the latest market trends and property listings, ensuring you have the most current data to make well-informed decisions.
Expert Market Analysis
Understanding the true market value of a property is crucial. We not only provide automatic updates of new properties but also teach you how to calculate and evaluate market prices. This knowledge empowers you to make decisions that are best suited for you and your family.
Comprehensive Property Access
We provide access to all market-listed properties and assist with transactions for sale-by-owner properties. Our team is well-versed in Ohio laws and regulations, ensuring your purchase is compliant and stress-free.
Unmatched Negotiation Skills
Being responsive and skilled negotiators, we advocate for your best interests. Our experience ensures that you not only get the best deal but also meet all necessary deadlines with ease. Our honesty and transparency mean you'll have a clear understanding of the property's pros and cons, including its future resale potential.
Smooth Transactions
Our stellar reputation among real estate professionals ensures that all transactions are handled smoothly. We facilitate connections with top banks and mortgage companies to ensure timely closings. Additionally, our strong relationships with title companies and inspection experts guarantee thorough property evaluations and seamless registrations in Cuyahoga County.
Step by step process of buying a home
1
Finding a Great Property
Most people finance their purchase through a bank or mortgage company. Starting with pre-approval from a lender is simple, and we can provide recommendations.
You’ll save time with our automatic online market watch tool. We will identify the criteria such as locations, size, and features and tour the properties until we find a house worth your consideration.
Our market analysis will help to identify the best negotiation strategies and pricing. Together, we’ll go over terms such as title transfer, possession dates, inspections, contingencies, and home warranties. We'll present the offer and negotiate on your behalf. An earnest money check accompanies our offer and is an industry standard. If the agreement can not be reached, the check goes back to you and we continue the property search.
2
Contract Contingencies Phase
All sides agree to terms and we are under a contract. We usually recommend a home inspection and it is common to have a 7 day window to complete it.
As a buyer, you choose a home inspector and pay the inspection fees. An average price for general inspections range from $400-to $1000. You can also choose to be present during the inspection.
The inspector will often address significant findings the same day. The detailed report usually comes within 48 hours and it covers the home inspection in great detail.
After receiving the inspection report, you have several options to consider:
1) Conduct Additional Inspections.
Follow your general inspector's recommendations to perform more specific inspections, such as:
- Pest inspection;
- Radon testing;
- Structural engineering assessment;
- Mold evaluation;
- Any other specialized inspections deemed necessary to identify potential underlying issues.
2) Accept the Property As-Is.
Proceed with the purchase, accepting the property in its current condition without requesting any changes or repairs.
3) Request Repairs.
Ask the seller(s) to fix certain items, particularly those that are:
- Major structural issues;
- Health and safety concerns;
- Code violations.
4) Negotiate a Price Reduction.
Based on estimates from qualified contractors, request a discount on the purchase price to offset the cost of necessary repairs or improvements.
5) Withdraw from the Deal.
If you're uncomfortable with the inspection findings or unable to reach a satisfactory agreement with the seller(s), you may choose to terminate the purchase contract.You will receive a full refund of your earnest money deposit, and the only expense you will incur is the cost of the inspection.
David is a great agent. I worked with him on many deals. He is professional, smart and kind, great at communicating with other agents, smoothing the differences between the parties, devoted and super fast in responding! He understands the psychology of a deal and its dynamics and above all, he is a CLOSER, when he smells a deal, he will close it!
Shay Brin
Bought and sold a Single Family home in 2023 in Cleveland heights, OH.
David as always does an amazing job at treating his clients to the best ability that he can. He went above and beyond every single time with every purchase of the 4 homes I purchased with him. A pleasure to always work with him! He is beyond full of knowledge in the real estate markets in the area and also gives great advice from his perspective.
Daniel P
Bought a Single Family home in 2024 in Lyndhurst, OH.
David did an outstanding job helping us find and purchase multiple properties in the Cleveland area. He is very honest and always made sure that we had all the information for us to make the right decisions.
Vitaly Cedar
Bought a Condo home in 2023 in Richmond heights, OH.
3
Pending the Completion of the Sale Stage
Our administrative team will engage your lender and your Title Company so they can begin their work.
As a Buyer you will have to work closely with your Mortgage and Title Company to provide all the necessary documents to secure financing and the transfer of title to your name. It usually takes 4 to 6 weeks for a final mortgage approval and closing.
We highly recommend conducting a final walk-through of the property the day before closing. The step allows us to verify that the home is in good condition and that no significant changes have occurred since our last visit. By this time, the sellers typically have moved out, giving us the opportunity to ensure everything is as expected.
Closing takes about an hour. It takes place anywhere convenient for you. It involves signing legal paperwork, the mortgage documents, and giving the Title company a down payment in the form of a cashier’s check.
Often the Title Company funds the transaction the same day or the next business day and registers you as a new homeowner at the county recorder’s office.
The title may take up to two days to transfer the house to the new homeowner. We will arrange to deliver the keys to your new home as soon as the title transfers.
Your Trusted Real Estate Partner
Choosing Universal Holdings means choosing a committed partner who prioritizes your needs. We’re here to make your real estate experience in Cleveland successful and memorable. Ready to begin your homebuying journey?
Contact us today to see how we can turn your real estate dreams into reality!
Frequently Asked Questions
While the national average for the entire process, from finding a home to closing, is about 53 days, many buyers spend approximately 3 to 5 months searching for a home.
In many cases the house is yours 30 to 45 days after the purchase agreement is signed. With cash transactions the Title Company can complete the work within one week, but the mortgage process usually takes about 30 days.
Closing costs typically vary but usually ranges from 2% to 5% of the purchase price. These costs can include items such as appraisal fees, title insurance, and loan origination charges, all of which contribute to ensuring a smooth transition of ownership. Our agent's compensation generally falls between 1% and 2% of the purchase price, depending on the specific services provided.
This fee structure allows us to attract and retain top-tier professionals who are committed to guiding you through every step of this significant life event.