Posts from March 18th, 2020

A message from Cutler Real Estate President Andy Camp:

As we all face the challenges of the COVID-19 pandemic, our first priority at Cutler Real Estate is the health of our clients, employees and the communities where we live and work. We are also committed to supporting our clients through this challenging time.

Many of our clients are still out looking at homes, putting their homes on the market, writing contracts, and closing on life's biggest transaction. As a company, we will be there for our clients.

In order to continue to provide the same high level of support to our clients, our entire organization will have to adapt, adjust and work together like never before.

Real Estate in Times of Uncertainty

Much of the news these past few weeks has been regarding the unfortunate events and circumstances caused by COVID-19. Day-by-day and hour-by-hour, news is changing on how to best address the COVID-19 matter.

As your trusted Realtor, I'll stick to real estate and defer to experts like the CDC for how to best address your health and safety. I don't want to minimize the effect this current situation has on other aspects of life, but I wanted to offer some insights and reassurance regarding my area of experience – real estate.

You might be worried about your home's value at this time of economic upheaval. That's understandable and completely valid. The good news is that for most homeowners, the best course of action, as well as the easiest, is to do absolutely nothing. Just sit tight, be thankful that you have a nice place to gather with your loved ones, work from home, or even self-quarantine if needed. At times like this, it becomes abundantly clear that your home is so much more than just an investment.

Fortunately, real estate has historically proven to be a relatively stable and sound investment in times of crisis. For example, Dr. Marci Rossell, a leading economist who specializes in real estate, noted that the housing markets remained stable in the aftermath of 9/11.

The Economic Impact of Coronavirus (COVID-19) on the Real Estate Market from LeadingRE on Vimeo.

In the days and weeks following 9/11, there was a real sense of panic and uncertainty. Airlines completely shut down, conferences and events were canceled, oil and stock prices became hyper-volatile, and news stories predicted economic activity could grind to a halt for quarters if not years. Sound familiar?

Fortunately, the shock that 9/11 delivered to the world economy was short-lived. It was a classic V-shaped economic deceleration characterized by a rapid decline followed by a rapid recovery. Housing markets were the least impacted by 9/11. Unlike the stock and bond markets, real estate markets move very slowly. At a time of economic uncertainty and volatility, based on past events it's a pretty safe bet that real estate will remain a bastion of stability.

For those who are actively in the real estate market currently and wondering how the pandemic will affect buying or selling:

Buying A Home

• We live in a digital age of real estate where information is abundant and available at your fingertips, without even leaving your home. Set up a Homefinder Account to get started.
• This current COVID-19 crisis may actually slow down the market enough for an active buyer to have a greater opportunity to secure a home purchase, with less competition from other buyers.
• The recent rate reductions and questions about how the economy will impact a buyer purchase are valid. It is more important than ever to have a trusted mortgage partner to help guide through these times.  Fortunately, I can introduce you to an expert.
  
  

Selling a Home

• Cutler Real Estate has the goal of always being a leader in real estate marketing technology. In times like these our forward-leaning marketing tools and strategies are helping sellers even more than anticipated.
• Our selling system incorporates the abilities for home buyers to view your home digitally in every manner possible. We know buyers are searching voraciously online and we ensure your home stands out in their searches.
• In days and weeks ahead, we may see buyers making offers on our well marketed homes without physical showings. This is nothing new to us as we have provided this virtual opportunity for buyers and sellers for years, and on occasion we have worked with out of state buyers who make sight unseen offers.
  
  

The Impact of Federal Reserve Actions on Mortgages

• The Federal Reserve has recently made some large interest rate cuts. However, it is important to remember that these cuts do not necessarily impact mortgage rates.
• We should hopefully see rate lock options stabilize. The question looms where mortgage rates will settle, but we should hopefully see the large swings slow down.

In these days and weeks ahead as news continues to come out about COVID-19, we want you to know that as your trusted real estate adviser we are on the front lines of the market. There are a lot of unknowns, but we will closely monitor the situation and are always available for any of your real estate needs, questions, or concerns.

Wash those hands and give us a call. We welcome the opportunity to be of assistance.

Who says you need to leave the house to immerse yourself in the wonderful art, history, and culture that Northeast Ohio has to offer? As our country enters a time of public space shutdowns and social distancing, now is the perfect opportunity to take advantage of the virtual tours hosted by many museums around Cleveland, Canton, and beyond. Settle into your favorite chair and take a journey into the wonders of these digital domains.

Canton Museum of Art

1001 Market Ave. N., Canton, OH 44702

 

 

 

 

 

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A post shared by Canton Museum of Art (@cantonmuseum) on Mar 12, 2020 at 8:09am PDT

While most museums give you a glimpse into the past, the Canton Museum of Art allows digital visitors to take a look into their past by showcasing previous permanent exhibitions on their website. Over 30 of these diverse exhibits are available for online-viewing, including Crowns: Crossing into Motherhood, Scrimmage: Football in American Art from the Civil War to the Present, and Continuum: Art of the Cleveland School and Beyond, which was created in partnership with ARTneo.

Historic Zoar Village

198 Main St., Zoar, OH 44697

 

 

 

 

 

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A post shared by Zoar Community Association (@historiczoarvillage) on Oct 31, 2017 at 12:31pm PDT

Explore the Historic Zoar Village without ever going outside. As one of the most successful communal settlements in U.S. history, Zoar Village continues to be the home of dozens of families. Their virtual tour allows you to select various homes and buildings from the village to learn more about their history.

Cleveland Police Museum

1300 Ontario St., Cleveland, OH 44113

 

 

 

 

 

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A post shared by Mary Lee (@merrilymarylee) on Aug 27, 2013 at 4:50am PDT

One of the only public law enforcement museums in the country, the Cleveland Police Museum features 13 online exhibits showcasing Cleveland's police force over the years. This includes fascinating information about their Mounted Unit, 19th Century Policing, Prohibition, and a Fallen Officers exhibit.

Dittrick Medical History Center

11000 Euclid Ave., Cleveland, OH 44106

 

 

 

 

 

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A post shared by nikki delamotte (@nikkidelamotte) on Mar 28, 2016 at 1:21pm PDT

An interesting museum located in the Allen Memorial Medical Library of the Case Western Reserve University, the Dittrick Museum of Medical History offers online exhibits for students and nonstudents alike. These photo collections, some featuring audio archives of lecture recordings, include exhibits such as Photographing Dermatology: The Collections of Dr. William Thomas Corlett.

Digital Cleveland Starts Here at the Western Reserve Historical Society

10825 East Blvd., Cleveland, OH 44106

 

 

 

 

 

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A post shared by Rabbi Crut (@solentgrn) on Feb 29, 2020 at 11:17am PST

Part of the Western Reserve Historical Society's Cleveland Starts Here campaign, the Digital Cleveland Starts Here virtual library and museum features over 150 years of Cleveland history as told and donated by residents over countless generations.

NASA Glenn Research Center

21000 Brookpark Road, Cleveland, OH 44135

 

 

 

 

 

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A post shared by Sherrod Brown (@sensherrodbrown) on Aug 29, 2019 at 11:53am PDT

While the NASA station in Florida receives rave reviews, many Ohio natives forget that we have the amazing Glenn Research Center right in our backyard. This facility designs and develops innovative technology that fuels our nation's space exploration. Their convenient virtual tours are out of this world, offering a look into 10 facilities with accompanying photographs and videos of the testing labs.

Northeast Ohio contains only a small fraction of the many museums the Buckeye State has to offer. Here are a few other Ohio-based museums offering free virtual tours:

National Museum of the US Air Force

1100 Spaatz St., Dayton, OH 45431

 

 

 

 

 

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A post shared by Mike "Hänsel" Scott (@hansel.scott) on Sep 26, 2019 at 2:40pm PDT

Dayton is home to the National Museum of the United States Air Force, the largest and oldest military aviation museum on the planet. Thankfully, you don't have to go all the way to the Wright-Patterson Air Force Base to see it up close — you can take a virtual tour of the entire museum on your computer. Each of the icons displayed in the galleries allows you to read, watch, and listen to information about each exhibit.

Ohio Craft Museum

1665 W. 5th Ave., Columbus, OH 43212

 

 

 

 

 

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A post shared by Destination Grandview (@ingrandview) on Sep 10, 2018 at 7:39am PDT

The Ohio Craft Museum, in collaboration with the Ohio Designer Craftsmen, is a special space showcasing exhibits and offering workshops for art lovers of all ages. They've made all of the current, past, and permanent galleries available online for crafters to browse. The current exhibit is the Found Again Quilt Exhibit, which showcases gorgeous quilt art from local Ohio quilters. Their permanent collection includes clay, fiber, glass, jewelry, metal, wood, and mixed media pieces. You can also look at all past exhibits featured in the Ohio Craft Museum dating back to 2008.

Cincinnati Art Museum

953 Eden Park Drive, Cincinnati, OH 45202

 

 

 

 

 

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A post shared by Cincinnati Art Museum (@cincyartmuseum) on Mar 17, 2020 at 4:30am PDT

The Cincinnati Art Museum has digitalized its permanent collection to share with the world. So far, over 67,000 works of art are featured in their virtual museum. This is an exciting tour for art lovers because, although not every item on display in the physical museum has been uploaded online, many of the pieces on the website are no longer available to view inside the museum.

For a trip around the country without leaving your couch, check out virtual tours of these famous United States museums:

National Museum of Natural History

10 St. & Constitution Ave., NW, Washington, D.C., 20560

 

 

 

 

 

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A post shared by Lala Woodss (@lalawoodss) on Mar 15, 2020 at 9:34am PDT

Dive into the National Museum of Natural History and go room-to-room, viewing current and past exhibits like Last American Dinosaurs, Eternal Life in Ancient Egypt, and the Smithsonian Marine Ecosystems.

The Metropolitan Museum of Art

1000 5th Ave., New York, NY 10028

 

 

 

 

 

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A post shared by The Metropolitan Museum of Art (@metmuseum) on Mar 17, 2020 at 7:34am PDT

The Met is world-famous, and you don't have to leave home to see why. Experience the museum online via their Open Access initiative, which allows you to explore over 400,000 images created over the last 5,000 years.

National Women's History Museum

205 S. Whiting St. Suite 254, Alexandria, VA 22304

 

 

 

 

 

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A post shared by Shelby Lee (@shelbyleeinretrograde) on Mar 1, 2017 at 7:36am PST

The National Women's History Museum offers nearly 30 interactive online exhibits charting the great moments in the history of women in the United States.

Traveling to the Virtual Past

Which is your favorite national or international museum to tour virtually? Let us know in the comments below!