Pleasant Ridge is a community within Greater Cincinnati that has a history and a future. Its history is that it was a flourishing community from well into the 1800’s. In the recent 20 years, the neighborhood has been chasing the likes of Oakley and has seen significant struggles during the Great Recession with foreclosures and distressed homeowners. The Community of Pleasant Ridge is going to come out ahead. The geography of the area is positive and is a middle ground between downtown/ Uptown and its booming development and Kenwood. I believe the biggest challenge is that they need to continue to embrace their unique nature and not try to be “like the rest”. Places like Pleasant Ridge can not compete with places like Oakley and Hyde Park/ Rookwood from a development standpoint, but they can and should compete within the secondary markets like Clifton, Northside, Price Hill, Blue Ash, Milford and Madeira. An ambitious plan was presented back in 2014 and I hope that it doesnt come to reality. This community has plenty of space on the street and I don’t think this major shift is necessary! Check this out here. Pleasant Ridge is a fantastic bedroom community within the Cincinnati Public School district. The houses there are a wonderful mix of starter home bungalow style and they go up to the typical Cincinnati mansion! This diversity of home is why this neighborhood will see another day, it will continue to attract and retain Buyers and Sellers.
Per Inman Reports article by Bernice Ross (attached), the landscape of doing Real Estate transactions changes again on August 1, 2015! The Buyers ability to produce accurate financial records and the Lenders ability to communicate this in a timely manner will make this a non-issue for most, but it makes the tolerance for error to become very narrow. Surround yourself with the best people to keep your transactions on track! Without doubt this will cause some short term chaos that Buyers and Sellers will need to be ready and sympathetic to. Agents understanding of the milestones will be more critical and the time under contract will overall increase. TILA-RESPA_August 1 2015