Sibcy Cline Super Open House is October 14 and 15, 2017

SibcyClineSuperOpenHouseSibcy Cline’s agents are hosting a company-wide Super Open House Weekend on October 14-15, 2017. There will be many open houses throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Bye/Buy Weekend!
Are you glued to the television watching football on Sundays? No worries – it’s a “bye” for Bengals football  that weekend – and a will be a great time to look at homes and possibly buy one.

Mortgage rates are still low and home values are on the rise.

Look at open houses.

 

Current Home Owners have Plenty to Gain from Selling Now

red home sign on hundred dollar bills. Real Estate business ConcWith the current real estate situation, prices have reached record highs in many markets. Despite this trend many homeowners are still on the sidelines of the housing market and are hesitant to put their properties up for sale regardless of the incentives to do so. This might be particularly true for owners who bought in the past 10 years, when prices were above the pre-recession and historical norms. However, today’s market conditions could make now the perfect time to sell.

Housing Market 2017
Perhaps the biggest story in the housing market in 2017 has been the massive demand to buy homes and the relatively limited inventory of properties they can actually purchase. In comparison to the market five years ago, there are now 20 percent fewer homes up for sale nationwide4.

Digging into the Numbers
The reason for this trend is clear enough to industry observers: Buyer demand is so great that when any home is put up for sale, owners are likely to find significant enough interest – typically from multiple bidders – that they can get through the real estate sales process quickly and easily. Today fewer than half of all homes for sale are still available within two months of being listed.

Different Situations
Why aren’t more homeowners eager to get into the market and earn a significant return on their home investments thanks to today’s high prices?

Some people may be worried about how much they would have to pay for a new home after selling their own. Others may be waiting for competition to ease so they don’t have to go through the bidding process to get a new home once their old home has sold. Others are just afraid to list before they find something they like.

Further compounding the inventory issue is the fact that home builders aren’t able to put up new houses quickly enough to meet demand in most parts of the country.

When Sellers become Buyers
The good news for prospective sellers is in the busier markets, the selling process has been so accelerated, everything happens in less than a week. For example, a listing can go up on a Thursday or Friday, with an open house scheduled for that weekend, and multiple bids may come in by Monday. That’s a four-day turnaround, and a lot of homes go from not even being listed to under contract within five.

That could encourage current owners on the fence about getting into the market themselves, though that means if they do shop around, they will need to have contingency plans in place for getting their own homes listed and under contract quickly.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click www.hmsnational.com.

Copper Creek Meadows – A New Place To Call Home in Miami Township, Ohio

CCH_A01_Copper Creek Meadows Logo-10Copper Creek Meadows – an eight-lot, new-home subdivision located in Miami Township is underway with two homes already sold. The remaining six lots are approximately a half acre and can accommodate a ranch lifestyle or two-story open floor plan. This small community of homes features sidewalks, green space and a pond all along a private cul-de-sac avenue.

Says Sue S. Lewis, (Executive Sales Vice President for Sibcy Cline Realtors) and sales representative of Cooper Creek Homes, “We’re very excited about our new homes at Cooper Creek Meadows. The two homes already built and sold look amazing. Home prices are starting from $575,000 and have really nice appointments with a great value.”

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Homes are customized to a buyer’s dreams and desires and feature hardwood, carpet and tiled flooring, as well as details such as moldings and built ins. Those who have preferences for a green home using sustainable and energy-efficient materials and appliances can be accommodated.

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Location Location Location
Copper Creek Meadows is located in Miami Township and is just eight minutes from downtown Montgomery or a short drive to historic downtown Loveland. If you love to bike, walk or jog, the Loveland Bike Trail is a short drive away.

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Since the homes are located in Miami Township, there are no city taxes – a nice bonus to homeowners.

Go here  find Copper Creek Meadows. Go here to see Copper Creek listed properties.

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About Copper Creek Homes
Ranjit K Sharma is President and Owner of Copper Creek Homes, and has been constructing homes for over 20 years. His company philosophy is taking pride in creating attractive and comfortable homes. Copper Creek Homes staff constantly monitor quality and workmanship throughout the building process. Firm guidelines are maintained with a hands-on approach throughout construction.

Interested in Building at Copper Creek Meadows?
Contact Sue Lewis, Executive Sales Vice President, at 513-324-8095 or suelewis@sibcycline.com.

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Citirama is Happening at the Woodland Meadows in Woodlawn September 23 – October 1, 2017!

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Cincinnati’s 14th Citirama site is located at the Woodland Meadows in Woodlawn. This home show will take place from September 23 – October 1, 2017.  There are six single-family homes being featured in the show. This new subdivision has 43 home sites.

The new homes in the show are priced from $200,000 – $375,000. A 15-year property tax abatement is available to all home buyers. (Lots will have a special yearly assessment for 15 years at about $3,000 per lot.)

Citirama Dates and Times
Open daily from September 23 – October 1, 2017
Monday – Thursday: 4pm – 9pm
Friday-Sunday: 12pm – 9pm

Tickets
Tickets are $10.00 for adults. Discount tickets will be available at Kroger for $8.00 AAA Members can also purchase $8.00 tickets at the home show’s gate by showing their membership card.

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Read more about Citirama here and here.  Read more about Woodlawn here.

First-Timers Should Look for the Best Ways to Save When Buying a Home

FirstTime_Flags.jpgThere are plenty of ways for first-time home shoppers to lock in a great deal on the starter home of their dreams. They may not know about them due to the fact that they’re relatively inexperienced when it comes to shopping for a property or not very knowledgeable of current conditions in the housing market. Working with an experienced real estate professional can help quite a bit in this regard, but it’s also important  for potential home buyers to do as much research as possible on how to effectively cut costs.

Mortgage Rates
One of the biggest issues in the current housing market – which has a huge impact on affordability over the life of a mortgage – is the rate homeowners pay on their home loans, according to U.S. News & World Report. Rates are currently hovering in the low 4 percent range, and even though that’s considered high in comparison with some of the levels seen in the past few years, it’s still extremely low on a historical basis.

Talking with an agent or a loan officer about what constitutes an affordable rate in the current market, and what that means for ongoing costs over the decades it takes to pay off the loan, gives first-time buyers a good starting point for finding an affordable mortgage.

Other Costs to Examine
The price of the home and the mortgage rate aren’t the only cost considerations new buyers face. In addition to maintenance and upgrades and property taxes, homeowner’s insurance will also be an ongoing cost of actually owning the home. Insurance costs can vary considerably depending upon the features of the property and any geographical or climactic risk factors. As with a mortgage rate and associated costs, the smart move for any homebuyer is to shop around and find the best deal possible, ultimately saving hundreds of dollars per year in a lot of cases.

More Ways To Save Money
In some cases, it may be difficult to avoid certain issues that will impact the price of a home loan. One of the best ways to save (what could be thousands of dollars) is to research, study  and  properly prepare before entering the market, according to the Columbus Dispatch. That means putting as much money as possible toward a down payment, as well as working to improve credit standings before applying for a mortgage, both of which reduce ongoing expenses significantly.

Other ways prospective homeowners can save money when buying a home is by using a home warranty to help provide a little more financial certainty. These products can help cover repair or replacement costs for appliances and home systems after a sale, potentially saving the home buyer thousands of dollars in expenses in some situations.

It is important to know the difference between homeowners’ insurance and a home warranty, and the value both provide. Put simply: home insurance will typically cover structural problems such as repairs for roof or fire damage, while home warranties protect things like HVAC or plumbing systems and major appliances, and can connect homeowners with experienced professionals who will help them get back to full function as soon as possible.

Start your home search here!

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click www.hmsnational.com.

Positive News for June Home Sales in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

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The region’s June 2017 home sales showed positive news with most of the market area showing an increase in the average sale price and number of homes sold. Dayton, Ohio set an all-time record with its average sale price at $168,771. In Cincinnati, the average sale price rose for the 13th consecutive month and that price of $222,216 set a new record value for the month of June. Although fewer homes sold in Northern Kentucky, during June, the average sale price rose by over 5%.  In Southeastern Indiana, home sales declined a bit for the month, but year-to-date the trend is for higher sales and average sale price in that market area.

It’s a great time to buy and sell homes. Mortgage interest rates are still low. Many homes that are in move-in ready condition and priced correctly for their market area are selling quickly .

Here are the statistics:

Cincinnati

June 2017 vs June 2016

  • 1.04%% Increase in homes sold (2,810 homes vs 2,781)
  • 4.72% Increase in average sale price ($222,216 vs $212,201)  – Setting a record for June!
  • 4.76% Increase in median sale price ($174,950 vs $167,000)
  • 5.81% Increase in gross sales volume ($624,425,918 vs $590,130,872)

January – June 2017 vs January – June 2016

  • 1.11% Increase in homes sold (12,698 homes vs 12,559)
  • 6.32% Increase in average sale price ($200,271 vs $188,360)
  • 6.6% Increase in median sale price ($159,900 vs $150,000)
  • 7.50% Increase in gross sales volume ($2,543,035,796 vs $2,365,617,223)

Dayton

June 2017 vs June 2016

  • .66% Increase in homes sold (1,690 homes vs 1,679)
  • 4.58% Increase in average sale price ($168,771 vs $161,380)  – Setting an all-time record!
  • 5.47% Increase in median sale price ($144,500 vs $137,000)
  • 5.27% Increase in sales volume ($285,222,709 vs $270,956,666)

January – June 2017 vs January – June 2016

  • 3.62% Increase in homes sold (7,757 homes vs 7,486)
  • 6.43% Increase in average sale price ($154,374 vs $145,046)
  • 5.60% Increase in median sale price ($132,000 vs $125,000)
  • 10.28% Increase in sales volume ($1,197,478,652 vs $1,085,811,300)

Northern Kentucky

June 2017 vs June 2016

  • -1.66% Decrease in homes sold (710 homes vs 722)
  • 5.01% Increase in average sale price ($192,624 vs $183,440)
  • 1.89% Increase in median sale price ($167,300 vs $164,200)
  • 3.26% Increase in sales volume ($146,763,708 vs $132,443,728)

January – June 2017 vs January – June 2016

  • 5.09% Increase in homes sold (3,491 homes vs 3,322)
  • 3.69% Increase in average sale price ($177,045 vs $170,746)
  • 2.60% Increase in median sale price ($153,900 vs $150,000)
  • 8.96% Increase in sales volume ($618,067,331 vs $567,220,517)

Southeastern Indiana

June 2017 vs June 2016

  • -7.6% Decrease in homes sold (122 homes vs 132)
  • -1.3%Decrease in average sale price ($157,554 vs $159,622)
  • -3.1% Decrease in median sale price ($140,050 vs $144,475)
  • -8.8% Decrease in sales volume ($19,221,640 vs $21,070,079)

January – June 2017 vs January – June 2016

  • 3.0% Increase in homes sold (578 homes vs 561)
  • 7.0% Increase in average sale price ($158,743 vs $148,360)
  • -1.8% Decrease in median sale price ($135,000 vs $137,500)
  • 5.5% Increase in sales volume ($87,792,130 vs $83,229,979)

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

 

 

Five Reasons to Work with a Real Estate Agent

WhyUseAnAgent.jpgYou’re thinking of buying or selling a home. Do you really need to work with a real estate agent? Yes, you do! Here is why…

Knowledge – Reason 1
Buying or selling a home is one of the largest purchases you will make. This type of financial decision should not be made alone. A real estate agent has knowledge of the local market as a community expert, and is familiar with all of the details of the home buying and selling processes. From getting a home ready for market, pricing a property for sale, researching comparable properties or negotiating a sales contract, your sales agent has the skill set needed to get you through a myriad of details involved in a real estate sale. Plus your agent will be up-to-date on real estate laws which have to be obeyed.

Experience – Reason 2
You will probably personally experience buying or selling a home only a few times during your life – depending upon the number of times you move. A real estate agent’s daily life is spent working with buyers and sellers and looking at properties. Agents have access to the most up-to-date information of recent real estate sales.

Your agent will help you to determine the correct price to sell your home or what kind of offer should be made when buying a home.

If you’re selling a home, your agent will provide effective ways to market it and give your home maximum exposure. From photography, open houses, working professional connections to using social media, your agent will be diligent in vetting buyers and getting your home sold.

Communication – Reason 3
Part of your agent’s job is to stay in touch with you throughout the buying and selling process. He or she is there to manage expectations and minimize surprises.

Your agent will serve as “your voice” when conveying concerns to a buyer or seller. By speaking for you through a tough transaction, your agent can smooth over any issues that could lead to a turn off or kill a deal. Your agent will know what is fair with conditions and contracts.

Keep in mind that many times agents are working for their clients seven days a week, including evenings. There’s not many professions that do that! They make themselves available to their clients to answer questions that may arise.

Negotiations – Reason 4
Your real estate agent will know the ropes when it comes time for negotiation. Multiple offers on a home may be the norm in a seller’s market. You want to have a strong negotiator on your side when it comes time to writing or countering a sales contract.

A real estate agent is paid on commission which is not earned until closing. Your agent has a vested interest in keeping the selling process going all the way to the closing table.

Therapy – Reason 5
Buying or selling a home can be taxing on the nerves. Your agent will listen to your concerns. He or she will calm you when you have a home inspection that did not go as expected. Your agent will also be there to celebrate the good times with you – and take satisfaction in helping you sell an old home and finding a new one.

Look for a Sibcy Cline real estate agent here.