Sibcy Cline Super Open House Weekend is March 11 and 12, 2017!

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Sibcy Cline agents are planning on a company-wide Super Open House Weekend on March 11 and 12, 2017. Plan on personally seeing some great homes for sale throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Find open house information on Sibcy Cline’s website.

Hand_DoorHandle.jpgBuyer Tips on Attending Open House 
If you are driving by an open house or see a home of interest online, an open house gives you a chance to see the home in person without making an appointment. Here are some tips to follow:

  • Do I Need to Knock?
    You can enter the home without knocking or ringing the door bell (unless there is a note that says to do so.) It is courteous to first say hello to the real estate agent before touring. If that agent is busy talking to other people, feel free to start touring.
  • Registration Form
    Most agents will have an open house registration form for you to sign. This helps the agent know who has been to the home so an accurate report can be made to the home seller.
  • What Can I Look At?
    The home is yours to tour and you are permitted to open closets unless there is a note indicating otherwise. You do not have permission to look through personal belongings of the home seller. Therefore, the medicine cabinet is considered off limits. If a door is closed, it is best to check with the real estate agent before opening it.
  • Etiquette
    If there are others touring the home, be courteous by not entering a room until the other party leaves.
  • I Am Already Working with an Agent
    When you sign the registration, be sure to add your agent’s name. That way, the listing agent will follow up with your agent and not you.
  • Take a Flyer
    Usually the real estate agent will provide a flyer or a brochure that has more information about the home. You can use this piece to make your own notes.

Home Sales are up in Dayton, Ohio for January

MiamiRiver_DowntownSkyline.jpgHome sales rose in January in Dayton, Ohio with a 1.71% increase. This was a record-breaking number of homes sold for the month of January.

January 2017 vs January 2016

  • 1.71% Increase in home sales (834 homes vs 820 homes)
  • 14.40% Increase in sales volume ($116,920,836 vs $102,203,600)
  • 14.52% Increase in median sale price ($119,900 vs $104,700)
  • 12.21% Increase in average sale price ($140,193 vs $124,943)

Are You Thinking of Selling Your Home?
Now may the right time for you to sell your home and purchase another. Home values are rising and mortgage interest rates remain low. Look at homes for sale here.

Statistics courtesy of: Dayton Area Board of Realtors Home Sales Report, January 2017

 

Sibcy Cline Agents Learn about the Local Cincinnati Arts Scene with Unique Continuing Education Class

AliciaTeaching_Best.jpgSibcy Cline’s Professional Development Center offers a very unique and hyper-local continuing education class called “The Arts Make Greater Cincinnati a Better Place to Live”. The course was created and is instructed by Alecia Kintner, President and CEO of ArtsWave (Cincinnati Institute of Fine Arts) for the Cincinnati and Northern Kentucky regions.

Agents who attend this course are immersed into what’s going on with the local arts scene and well as its very interesting history.

Cincinnati’s arts support began with the Taft family in the late 1920s with a $1 million arts endowment that was then matched by the community with another $1.5 million. Voila, the Cincinnati Institute of Fine Arts was formed. The zoo also played a role in supporting the arts in the 1920s. Low visitor attendance to the zoo was a concern and so New York City opera singers were hired to perform at the zoo during their off season. Thus, Cincinnati’s opera season became a summer tradition.

The first Cincinnati arts campaign began in 1949 and continued since then. Sibcy Cline Realtors has been large supporter of these yearly community rallies for the arts. The company knows the arts make the region an even better place to live and help compel people to move here. Cincinnati is ranked #4 in the U.S. in which residents visit their local museums. The region donated $12,450,000 in 2016 to the ArtsWave campaign with 42,000 donors. Sibcy Cline is proud to be part of those statistics with $225,000+ donated by its agents and employees since 2010.

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What’s new with the Cincinnati arts? Lots.

Coming Fall 2017:

  • Music Hall
    Cincinnati’s Music Hall is currently being renovated and will be reopening in October 2017. This historic building is in the midst of  being heavily renovated. From acoustics; electrical, heating/air and plumbing systems; seating arrangements; to new carpeting and paint, the new building will still have its old charm with modern conveniences and technologies. A free open house is scheduled for October 7, 2017.
  • Cincinnati Shakespeare Company
    The Cincinnati Shakespeare Company is getting a new theater. The Otto M. Budig Theater will open in September 2017 with 100 more seats as well as modern amenities. An free open house will be announced.
  • Ensemble Theatre Cincinnati
    The Ensemble Theatre Cincinnati is undergoing an expansion which is scheduled for completion in October 2017. The Vine Street theater is located in Over-the-Rhine and is expanding south. The new space is adding a rehearsal hall, offices as well as costume and set shops. Also new will be a longer lobby area, larger box office and more comfortable patron seating.
  • Blink – October  2017
    Coming in October 2017 is Blink  – a light-art festival. This four-day show will have dozens of large-scale architectural projections (similar to the  Lumenocity art experience) found along the downtown streetcar route to be enjoyed at dusk. There will also be pop-up art along the route during daylight hours.


New and Ready for You to Enjoy Now:

  • The Children’s Theatre of Cincinnati
    New to The Children’s Theatre of Cincinnati are the offices, studios and classrooms found on Red Bank Road in Madisonville. Performances are still held at the Taft Theatre, but rehearsals and summer camps now happen at this new facility.
  • Lindner Arts Annex – Kennedy Heights Arts Center
    The Kennedy Heights Arts Center (established in 2003) added its Lindner Arts Annex in 2015. This former Kroger store now is a multi-cultural campus on Montgomery Road.
  • Bi-Okoto Cultural Institute
    The Bi-Okoto Cultural Institute has a new studio in Pleasant Ridge. This African drum arts program spreads the African heritage throughout the community through drums, music, dance and the visual arts.
  • Cincinnati Black Theatre Company
    The Cincinnati Black Theatre Company is now located in Golf Manor on Losantiville Avenue.

Coming in the Near Future:

  • Cincinnati Art Museum
    The Cincinnati Art Museum has renovation plans in place. The museum (which is tucked away off Eden Park Drive with a rear entrance to the museum) is planning to offer a new front entrance and drive. Outdoor art will be added to be enjoyed by visitors.

Learn More about Cincinnati Arts

ArtsWave Pinterest Board – This board shares many links to the all of the area’s arts organizations that are supported by ArtsWave.

Cincy Arts Guide – This website is a curated event-search website. You can search by keyword, date, venue, city or region.
CincyArts+STEM – This website is focused on upcoming local kid-related arts activities.

ArtsWave: Atlas – This website is a search e-tool to use. The map and reports share neighborhood resources such as recreation centers, libraries, farmers’ markets and community gardens. You can also find public art, national historic designations and any community outreach art programs. A report can be generated from a home’s radius to share hyper local art locations. (This website is best used via a laptop or desktop.)

ArtsWave: The Ripple Effect Blog/eNewsletter – To keep up with all of the news on Cincinnati Arts, you can sign up for an e-newsletter. (Just scroll to the bottom left to add your contact information.)

Sibcy Cline ArtsWave and Cultural Arts Fund Campaigns – 2017
The Sibcy Cline fine arts campaign is headed up this year  by Jessica Overley, Vice President Production Manager for Sibcy Cline Mortgage Services. The campaign starts in March.

 

 

 

 

 

 

Home Sales Set a Best-Ever January Record in Cincinnati

Cincinnati SkylineCincinnati experienced a record-breaking January in home sales with 1,447 homes sold! The mild winter and still-low interest rates have kept up a sales momentum in the area.

January 2017 vs January 2016

  • 4.33% Increase in home sales (1,447 homes vs 1,387 homes)
  • 13.46$ Increase in sales volume ($261,445,410 vs $230,421,940)
  • 8.76% Increase in average sale price ($180,681 vs $166,130)
  • 12.60% Increase in median sale price ($143,000 vs $127,000)

Thinking about Buying or Selling a Home?
Mortgage interest rates remain low. Home values are rising. With the low inventory of homes available for sale, now may be the right time to sell your home and purchase another one.

Look at homes for sale here.

Statistics courtesy of: Cincinnati Area Board of Realtors Home Sales Report, January 2017

Twenty-Three Percent Increase in Home Sales for Northern Kentucky in January

ViewYellowBridge_Dusk2.jpgJanuary 2017 was a strong month for home sales in Northern Kentucky. Sales rose 23% as compared to January 2016. Homes are selling an average of 60 days on market.

January 2017 vs January 2016

  • 22.13% Increase in home sales (378 homes vs 307 homes)
  • -8.37% Decrease in average sale price ($153,033 vs $167,010)
  • -6.55% Decrease in median sale price ($135,500 vs $145,000)
  • 12.82% Increase in sales volume ($57,846,481 vs $51,272,238)

Great Time To Sell and Buy a Home
It is a great time to sell your current home and purchase another home. Home values are rising, mortgage interest rates are still low. With the low inventory of homes on the market, homes in good condition and priced correctly are selling briskly.

Look at homes for sale here.

Statistics courtesy of: Northern Kentucky Association of Realtors, Home Sales Report, January 2017

Tips Buyers Need to Know in a Seller’s Market

Happy African American Family In Front of Beautiful House.When selling and buying homes, there are three types of real estate markets: buyer’s market, seller’s market and a neutral market. When experiencing a seller’s market, there is a higher demand for homes than the supply has to offer. With not enough homes for sale, buyers tend to compete for the same available homes – which can drive prices up.

Here are some tips home buyers need to know when buying a home in a seller’s market:

Get Mortgage Pre-Approval
You need to know how much home you can afford in order to make an offer on a home, especially in a seller’s market. It is a good idea to become pre-qualified for a mortgage loan to figure out that budget. Once pre-qualified, you can provide a pre-approval letter when making an offer which lets the seller know you are a serious buyer.

Work with a Real Estate Agent
Working with a real estate agent is vital in a seller’s market. Homes that come onto market may sell in a matter of hours. Your real estate agent will be in tune with the availability of new homes for sale so you can act quickly. If there are no homes on the market in the area you desire to live, your agent can reach out to that area’s homeowners to see if they would be willing to sell.

Do Your Research
Knowing where you want to live and what your housing requirements are is important in a seller’s market. Communicate to your agent what home features are a must and those you would like to have but could do without. In this type of market, finding a home with everything on your list probably will not happen. It is best to look for potential in a home to make it work for you. But, do not buy a home you do not love. Remember, you will be living there for at least five years if not longer.

Ready, Set, Go
You may need to act fast with your offer on a home in a seller’s market. A low-ball offer will not work in this type of market. Be prepared to offer full price or over-the-asking price.

When you make an offer, it may work in your favor to find out why the seller is moving so you can figure out what kind of closing date to offer. Making things easier for the seller could work to your advantage.

There are usually a few contingencies (such as the home inspection) in a purchase contract. In a seller’s market, the fewer contingencies, the more attractive your contract will look to the seller.

Rejection
A seller can accept only one offer. If your offer is rejected, remember the home seller wants to make the most money with the least inconvenience. In addition to price, the seller may have accepted another offer that offered better terms (larger cash up front, fewer or no contingencies, already pre-approved for a mortgage, etc…)

If your offer is not accepted, keep your spirits up. There will be another home that meets your needs and soon become your dream home. 

Home Sales Rise Ten Percent for January in Southeastern Indiana

Indiana_Sign.jpgHome sales started off the year with a strong start in Southeastern Indiana. Sales rose 10.2% in January and the average sale price rose by 4%.

January 2017 vs January 2016

  • 10.2% Increase in home sales (54 homes vs 49 homes)
  • 4% Increase in average sale price ($119,500 vs $114,900)
  • 7.1% Increase in median sale price ($131,781 vs $123,080)
  • 18.0% Increase in sales volume ($7,116,200 vs $6,030,905)

It’s a great time to buy or sell a home. Mortgage interest rates are still low and home values are rising. Look at homes for sale here.

Statstics courtesy of Southeaster Indiana Home Sales Report, January 2017, Rick McMillin, Vice President/Sales Manager of Sibcy Cline Harrison