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

 

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

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

 

Homeowners Play a Role in Making Their Open House Inviting

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When it’s time to sell a house,  it’s important for homeowners to make sure they’re doing all they can to pitch in. This may be especially true when it comes to planning and preparing for an open house.

With this in mind, homeowners may want to consider the best ways they can prep their homes for the big day, looking at everything from simply de-cluttering well-trafficked areas to rearranging furniture and lighting, according to U.S. News and World Report. One of the big goals here should be to make things look as simple as possible, and to highlight as much square footage as a space can provide. The more open space, the easier it will be for prospective buyers to imagine what they might be able to do with each room based on their own tastes.

How to accomplish it?
There are generally two things that homeowners should look at when they’re examining these issues. First, they should determine the focal point for each room – whether it’s a big-screen TV, bed, kitchen table, or other feature. The other is to make sure there’s plenty of space to get around furniture or other home decor so there’s a clear and easy path to any feature of a given room.

It might also be wise to look at issues such as whether decorations impede easy opening and closing of doors, or entrance to rooms. In addition, if pieces of furniture or art have sharp edges homeowners know to avoid, that won’t be the case for visitors at an open house, so getting them out of the way is crucial.

Generally, the more that can be done to make any given room appear “neutral” so there’s no specific feel with respect to the homeowner’s taste, the more likely buyers will be to visualize themselves in the space.

Avoid simple missteps
In addition, it’s important for homeowners to keep in mind that buyers will be entering their homes for the first time ever, and there’s such a thing as “nose blindness,” according to The Huffington Post. What that means is that a home may have certain smells owners no longer notice but which can be quite affecting for visitors. Be sure to deal with even the possibility of odors is vital with a little cleaning. Some agents even recommend that owners bake cookies for the open house so the home has that fresh-baked smell permeating it.

Finally, it’s important for homeowners who are about to host an open house to vacate the home during the showing hours. Agents will recommend home sellers make plans outside of their home, because it can be uncomfortable for would-be buyers to look through a home while the people who live there are sitting in a room upstairs.

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.

2017 Is the Year To Buy a Home

Young couple moving in new homeOver the past few years, real estate professionals likely noticed a strange trend among would-be homebuyers. When mortgage rates went up even slightly from near-historic lows, shoppers tended to retreat from the market despite the fact that affordability was still well below pre-recession and all-time norms. But now that rates and prices alike are creeping back toward the highs seen prior to the economic downturn, experts say the time to buy is now.

There are actually two things to consider when it comes to mortgage costs, because while prices in some areas may have now surpassed all-time highs, rates haven’t come close to doing so. As such, while some consumers may get a little worried about mortgage rates that have jumped nearly a full percentage point in the course of just a few months, it’s important to put that increase into context, according to MarketWatch. While today’s rates are in the low 4 percent range and expected to rise at least a little more over the course of 2017, they’re still well below those in the 5.5 to 6 percent range that were so common before the housing market crashed.

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Getting perspective
Simply put, mortgage rates below 5 percent were quite literally unheard of for recent generations of homebuyers. Not since the early 1970s have they been that low, and in fact got nearly as high as 20 percent in the early 1980s. As recently as the start of the 2000s, mortgage rates were closer to 7 percent. As such, today’s rates should still be seen as eminently affordable, and not something that should scare off shoppers any time soon.

With that having been said, though, experts also caution that the best time to buy will be in the near future. Prices and rates alike are expected to keep rising, so those waiting for a better deal than the ones available today to come along will likely find themselves disappointed. In general, experts advise that those who wait even six months to get into the market might end up paying tens of thousands of dollars more over the lives of their loans than current shoppers.

Other options to boost affordability
Fortunately, for consumers with the ability to make larger payments when they close their home loan agreements, there are other options for saving money on a mortgage, according to CNBC. Many lenders offer the ability to “buy points” at closing, which effectively means paying an additional 1 percent of the loan’s value to lower the interest rate by a single percentage point. The larger the payment at that time (which can obviously get expensive for those buying more than one point) the lower the ongoing interest rate. This can lower monthly mortgage payments a little bit each month, making it slightly easier to afford the mortgage in the long term.

With all this in mind, those who are now looking at their options in order to buy a home should talk to their agents and mortgage lenders about what their options for saving money might be. The ability to increase mortgage affordability is one that can really pay off over the course of a few decades.

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.