Selling Your Home? Read This First!

If you are planning on selling your home, you may have questions about the process. Here are seven tips to read before putting your home on the market:

1. Do I really need to improve my home before selling it? 
You need to consult with your real estate agent to see what improvements makes sense to sell your home at the highest price. Remember, you only get one chance to make a positive first impression when your home goes on the market to sell. If your home is in need of updates, you could have a hard time to get the interest of the buyer. An unmaintained home sometimes indicates it needs lots of work and repair.

Some home improvements just take some time and a small budget. Painting, caulking and cleaning are great (and economic) ways to make your home shine. If your carpet is old and worn, you may also want to replace it. One thing to remember is that home improvements do not  necessarily equate to a higher price, but should result in more showings and stronger offers.

2. I think I will price high and see what happens. 
Everyone’s goal is to obtain the highest price for their home. (Your agent wants that for you, too!) However, pricing your home way over its current market value is a strategy that does not always work. It can result in fewer showings and no offers and you may be perceived to be an unrealistic home seller. (Those potential home buyers who do tour your home will give feedback that it is overpriced or will have lower offers.) Remember, the most attention given to a home is when it first hits the market. Price it correctly and bring in the offers.

3. My home is worth what?
Over-improving a home can backfire when it is time to sell. For example, if your custom kitchen has finishes to meet your specific taste (with special colors or tile for example), it may not appeal to buyers who will want to replace what you have done. An in-ground spa may be a great feature for you to enjoy, but the buyer might not find value with it. Everyone has different priorities with their home. Bottom line – the market will never pay dollar for dollar for improvements to your home, especially taste-specific projects. 

4. Everyone who sees my home wants to buy it!
Oh, if that were the case! You never know what buyers’ needs are. People have different things that are important to them. Their “need to have” list versus a “nice to have” list may not sync with your home. Do not take it personally if your home’s floor plan or features do not meet their requirements. Also, you need to realize, some buyers are just out looking and are not serious about buying. They may be in the beginning stages of looking for a home and not willing to commit.

5. I had an inspection and now I have to make even more repairs?
A home inspection gives the buyer an idea of the condition of your home. Following this inspection, you may be asked about making repairs depending upon what is on the list. At that point, you can either make those repairs or re-negotiate. If the buyer walks away, your home will go back on the market and you will need to deal with that stigma. Another buyer will then have his  own inspection and you will need to address repair issues once more. (Helpful hint: We suggest paying for a pre-inspection before your home goes on the market. The inspector will review: electrical, plumbing, heating and cooling systems; windows, ceilings, walls, doors and floors; attic, visible insulation and roof; and the foundation, structural elements and basement.)

6. I think I want to include a carpet allowance instead of replacing it. 
You cannot give a buyer an allowance as part of closing on your home. It is better to reduce the purchase price or simply replace the carpet yourself.

7. Do I really need to stage my home?
A staged home presents its best features making it very appealing to buyers. At a minimum, your home needs to have a deep cleanse, decluttering and organization. From there, your agent can guide you as to whether it needs more staging to be market ready to sell. If your home is empty, keep in mind that professionally staged properties for sale tend to sell more quickly. 

 

Your House Is Ready to Sell – But How about the Landscaping?

Curb appeal helps to make a strong, first impression when selling your home.  The “outside property” is an extension of your home and is a signal for what the interior of your home is going to look like. If you are thinking about selling, make sure your home’s landscaping looks fresh and inviting. Here are 10 tips to help make your landscaping look its best:

Mulch
Freshly applied mulch in garden beds does wonders for a yard. This is an economic and instant way to spruce up your landscaping to appeal to home buyers.

Plant Annuals
Annual flowers create instant color in the landscaping. Several flats of flowers are not expensive and you can either have a monochromatic look with similarly hued flowers or add splashes of several colors. You don’t need to go overboard with the flowers – just enough to add color and interest.

Perennials
If you have perennial plants, make sure they look as good as they should. If there is an overgrowth of plants, consider removing some (and then placing them in a decorative pot.) Remove dead and dying plants.

Outdoor Containers
Outdoor containers can add drama to the entryway of your home. You can make up your own containers or purchase them pre-planted. If you already own decorative containers, make sure they are clean and in good shape.

Lawn
The lawn needs to be in good shape when selling. Mowing will be a priority as overgrown grass will detract from your home’s appeal. Edging the lawn is an extra effort, but will make it look very tidy. Remember, a healthy, nurtured lawn is big plus to home buyers.

Clean Up
Be sure to clean up any leaves, weeds, twigs and overgrowth. Shrubs should be pruned and trim. Overgrowth is considered to be a sign of neglect. Trash cans and garden tools should be placed in an organized fashion. Stow outside toys neatly away.

Hardscaping
Stepping stones, gravel and other types of path liners add elegance and will give your yard character and depth.

Driveway/Walkways
Inspect your driveway to see if it needs to be patched. Be sure to power wash the drive and walkways.

Lighting
Outdoor lighting adds drama at dusk. You can purchase LED battery-operated lights that do not cost a fortune. These lights will add “magic” to your home.

Backyard
Clean the grill (or least have a clean cover over it.) Tidy up the fire pit and any water features. Patio furniture including the cushions should be in good condition. Consider “staging” outside furniture for even more appeal. If you have a deck, make sure it is in good shape and power washed. And finally, the garage door should be in good condition and clean.

Need help with your landscaping activities? Contact Sibcy Cline Home Services. They can put you in touch with vetted professionals.

Seven Signs Why You Should Sell Your Home Right Now

With a shortage of homes for sale and bidding wars happening on many listed properties, now could be the perfect time to sell. Is the time right for you? Here are seven signs of why you should sell your home:

  1. You’ve outgrown your home. If there are not enough bedrooms or living spaces inside your current home for you and your belongings, now is a good time to think about “buying up” to a larger home.
  2. Where you live is “booming”. Do you live in one of those “hot” neighborhoods where houses are selling quickly and for a high price? This could be your sign to take advantage of the current market.
  3. You are tired to maintaining your current home. If mowing the lawn, gardening, painting and other chores are no longer fun to do, consider selling now and moving to a less maintenance-intensive type of home that better fits your lifestyle.
  4. You have equity in your home. During the housing crash of 2007, equity fell for most homes – but for many homeowners it is now back – and your home could be worth more than you owe on it. Do you know your home’s value in today’s market? You may be surprised and this could be the big sign to sell. Selling while you have high equity is a great way for you to buy that next dream home.
  5. Life changes. Life’s markers can affect housing needs. Perhaps you need a smaller home now or want to move to be closer to family. Changes in family dynamics and work commutes are a few  more reasons that may be pointing you in the direction of selling your old home and getting a new one.
  6. Low mortgage rates. Mortgage interest rates are at historic lows. When you sell your current home, you will be able to afford even more home with these rates. Take advantage of this market.
  7. You are emotionally ready to move on. Moving is not an easy thing to do. Let the guilt of staying in your old home go. Once you have made your mind up to sell, stay the course. Remember, in many areas, homes are selling quickly – that means less people touring your home, less open houses to host and a fast closing. That sold sign in your yard will be your “sign” to move onward.

Ready to sell? Contact your favorite Sibcy Cline agent

Sibcy Cline’s Listing at 3458 Observatory Place is a Finalist in HGTV’s “Ultimate House Hunt” Contest!

HGTV_House_hunt (3458 Observatory Pl)Sibcy Cline has a listing entered as a finalist for the HGTV Ultimate House Hunt Contest. This annual online promotion held on HGTV.com showcases extraordinary homes for sale in eight categories. HGTV editors have already viewed numerous properties worldwide and made their finalist selections. The public now gets to vote for their favorites.

We Need Your Vote for this Home!

Go to HGTV.com/househunt and scroll down the page to the “Homes With a History” graphic. Click on it, scroll through the finalists (at the top) and look for the home – it’s called “Restored Victorian Home Exterior”. Then cast your vote!

Voting is open to the public and takes place June 30–August 4, 2020. You can vote once a day.

About This HGTV Finalist Property
This beautiful home – located at 3458 Observatory Place – is  listed by John Gillespie and Maria McLaughlin from Sibcy Cline’s Hyde Park office. It’s a Victorian Italianate located in the Observatory Historic District in Hyde Park and has been meticulously renovated, features today’s comforts and has an incomparable view of the Observatory

Thanks for voting for this home – every day!

 

Five Curb-Appeal Ideas to Consider When Selling Your Home

SmallHouse_GreenLandscaping.jpg
Curb appeal plays an important role in luring potential buyers to want to see what’s inside the home for sale, too.

An alluring walkway, an array of colorful flowers, an inviting nighttime glow and other visually pleasing characteristics can draw more people, and subsequently increase competition for the property and raise its overall value.

Here are a few of the curb-appeal projects buyers will be drawn to:

1 – Stick with Sustainability
Sustainability is popular among homeowners and buyers. Luckily it isn’t difficult to boost curb appeal in a sustainable way. One perpetually popular curb appeal project is a well-lit walkway. When potential buyers drive by the property at night they will be enamored with all of the lights. Solar-powered path lights can kick up your curb appeal in this sustainable and affordable way. Look here  and here for ideas.

Additionally, home sellers may want to try using sustainable materials. Walkways made of reclaimed stone or siding composed of recycled materials will appeal to buyers with sustainability on the mind. (See more about stone walk ways with tip #4.)

2 – Enhance the Front Door
Make your front door a statement piece and focus! Paint it to stand out. Replace door fixtures and hardware. Perhaps consider adding wood moldings around the door. Look for ideas here and here.

3 – Instant Garden
Container gardens add color and are appealing. Place them in a staggered,  asymmetric arrangement. Find ideas here and here.

4 – Buyers Love Low Maintenance
A front yard should look lovely, but require little work. This means choosing flowers and other plants that are hardy enough to survive with minimal attention; and products that rarely, if ever, need repairs or touch ups. From gutters to gardens, there should be minimal upkeep required. Yards that look like they need to be completely renovated are more likely to turn potential buyers off before they ever step foot inside the house.

5 – Steal the Hearts of Buyers with Stone and Brick
Natural stone and brick have an affluent appearance that can improve the value of a home. Homeowners can mix the two together for a unique and attractive combination. Look for ideas here and here.

Need assistance with your curb appeal? Contact Sibcy Cline Home Services. They can recommend a service vendor to meet your needs.

April Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

花火8There is still strong interest for homes for sale through this challenging time of COVID-19. Low interest rates and a low inventory of available homes for sale have continued the fast-paced home-buying market.

Here is a report by region of homes sales throughout April 2020:

CINCINNATI / SOUTHEASTERN INDIANA

Home sales did well with the circumstances of COVID-19 restrictions. The average home price rose 4.9%. Although showings decreased in the first half of the month due to stay-at-home orders, the latter half of April saw an increase of showings to pre-pandemic levels.

April 2020 vs April 2019

  • -20.21% Decrease in homes sold (1,907 homes vs 2,390 homes)
  • 4.90% Increase in average sale price ($233,430 vs $222,251)
  • 3.26% Increase in median sale price ($190,000 vs $184,000)
  • -16.40% Decrease in gross sales volume ($445,150,327 vs $531,824,239)

January–April 2020 vs January–April 2019

  • -3.66% Increase in homes sold (6,845 homes vs 7,105 homes)
  • 6.40% Increase in average sale price ($226,209 vs $222,521)
  • 4.90% Increase in median sale price ($190,000 vs $184,000)
  • 2.51% Increase in gross sales volume ($1,548,402,985 vs $1,510,510,302)

Statistics courtesy of Cincinnati Area Board of Realtors April 2020 Home Sales Report

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DAYTON

With the COVID-19 pandemic home sales decrease din April. However, the Dayton region did see an increase in average and median home sale prices – encouraging news for those thinking about selling their homes.

April 2020 vs April 2019

  • -22.24% Decrease in homes sold (1,372 homes vs 2,042 homes)
  • 6.27% Increase in average sale price ($187,564 vs $176,501)
  • 8.67% Increase in median sale price ($163,000 vs $150,000)
  • -17.36% Decrease in sales volume ($212,509,712 vs $257,162,074)

January–April 2020 vs January–April 2019

  • -.94% Decrease in homes sold (5,840 homes vs 6,336 homes)
  • 10.15% Increase in average sale price ($179,691 vs $163,127)
  • 11.44% Increase in median sale price ($154,900 vs $139,000)
  • 9.12% Increase in sales volume ($796,208,924 vs $729,666,487)

Statistics courtesy of Dayton Realtors April 2020 Home Sales Report

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NORTHERN KENTUCKY

Although home sales decreased for the month (due to COVID-19), average and median sale prices rose. This is encouraging news to people thinking of selling their homes.

April 2020 vs April 2019

  • -18.60% Decrease in homes sold (499 homes vs 613 homes)
  • 11.16% Increase in average sale price ($217,501 vs $195,672)
  • 12.39% Increase in median sale price ($ 195,000 vs $173,500)
  • -9.52% Decrease in sales volume ($108,533,417 vs $119,946,953)

January–April 2020 vs January–April 2019

  • -2.44% Decrease in homes sold (1,961 homes vs 2,010 homes)
  • 11.25% Increase in average sale price ($214,837 vs $193,115)
  • 9.85% Increase in median sale price ($184,000 vs $167,500)
  • 8.54% Increase in sales volume ($421,296,602 vs $388,162,982)

Statistics courtesy of Northern Kentucky Association of Realtors April 2020 Home Sales Report

 

Nine Ideas to Add Curb Appeal to Your Home

American craftsman house exterior. View of entry door and porchHomes with curb appeal draw in buyers and make them want to see what is inside. Here are nine tips to make your home’s curb appeal irresistible to them:

1 – Lots of Mulch
During warmer months, mulch makes garden beds look pleasing. Heavy mulching looks even better.

2 – Add Trim
Add more trim to windows and doors. Trim elevates something very basic and makes the home more special. Consider adding trim around your front door to make a grand entrance. Depending upon your home style, you may also want to add shutters to windows as a decorative element.

3 – Add Color
During warmer months, be sure to have a splash of color in your year. Seasonal flowers will look wonderful. Think about adding a colorful bench or chair on the front porch.

4 – Mailbox
Upscale your mailbox, house numbers or address plaque.

5 – Camouflage an Eyesore
If you have a large electrical box, piping or wires, paint them the same color as your home and they will be less noticeable. Add a small fence around your air conditioner or garbage area.

6 – Window Boxes
A window box filled with flowers can transform a so-so window into a showstopper.

7 – Create a Walkway
A simple stone pathway adds character to your yard.

8 – Update the Garage
It you have a plain garage door, consider purchasing ahardware kit to make your doors look like carriage-style garage doors.

9 – Lighting
Landscape lighting sets an ambiance for your yard in the evening.

Need assistance with your home curb appeal project? Contact Sibcy Cline Home Services for recommendations of vetted professionals.

Look for homes for sale here.

 

 

February 2020 Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

花火8Take a look at our regional home sales report for February 2020. Home sales increased in all areas. Home values are still on the rise. See regional home-sale reports below.

During this concerning time of Coronavirus, please take advantage of Sibcy Cline’s weekly Virtual Open House Weekend tours on Facebook.

HighlightReel copy

Sibcy Cline is also promoting a #HighlightReel with our homes sellers’ favorite images of their homes on http://www.sibcycline.com. It’s an expressive way to see an interesting photo of home for sale right from your own home!

Here is a report by region of homes sales throughout February 2020:

CINCINNATI / SOUTHEASTERN INDIANA

Average home prices increased for the 11th straight month. February home sales were the second best on  record since 2006.

February 2020 vs February 2019

  • 6.65% Increase in homes sold (1,571 homes vs 1,473 homes)
  • .24% Increase in average sale price ($216,378 vs $215,861)
  • .06% Increase in median sale price ($176,600 vs $176,500)
  • 6.91% Increase in gross sales volume ($339,929,751 vs $317,963,445)

January–February 2020 vs January–February 2019

  • 7.58% Increase in homes sold (2,925 homes vs 2,719 homes)
  • 4.03% Increase in average sale price ($217,846 vs $209,399)
  • 3.88% Increase in median sale price ($176,500 vs $169,900)
  • 11.92% Increase in gross sales volume ($637,198,842 vs $569,355,886)

Statistics courtesy of Cincinnati Area Board of Realtors February 2020 Home Sales Report

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DAYTON

In February, the Dayton area saw a gain in home sales as well as average and median sale prices.

February 2020 vs February 2019

  • 9.51% Increase in homes sold (1,002 homes vs 915 homes)
  • 9.22% Increase in average sale price ($175,085 vs $160,308)
  • 8.15% Increase in median sale price ($149,250 vs $138,000)
  • 19.60% Increase in sales volume ($175,434,750 vs $146,682,119)

January–February 2020 vs January–February 2019

  • 7.07% Increase in homes sold (2,794 homes vs 2,581 homes)
  • 12.81% Increase in average sale price ($172,389 vs $152,819)
  • 11.58% Increase in median sale price ($145,000 vs $129,950)
  • 20.78% Increase in sales volume ($334,089,446 vs $276,601,986)

Statistics courtesy of Dayton Realtors February 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales increased by over six percent in February. Average and median sale prices also increased.

February 2020 vs February 2019

  • 6.47% Increase in homes sold (461 homes vs 433 homes)
  • 8.99% Increase in average sale price ($207,561 vs $190,449)
  • 6.13% Increase in median sale price ($173,000 vs $163,000)
  • 16.03% Increase in sales volume ($95,686,062 vs $82,464,652)

January–February 2020 vs January–February 2019

  • 9.80% Increase in homes sold (874 homes vs 796 homes)
  • 8.15% Increase in average sale price ($207,250 vs $191,637)
  • 7.58% Increase in median sale price ($175,000 vs $162,665)
  • 18.74% Increase in sales volume ($181,136,828 vs $152,543,137)

Statistics courtesy of Northern Kentucky Association of Realtors February 2020 Home Sales Report

 

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January Home Sales Report: Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

January Home Sales Report 2020Take a look at our regional home sales report for January 2020. The year began with home sales increasing for all areas. Home values are still on the rise and there remains a low inventory of homes for sale. It is a great time to sell your home.

Here is a report by region of homes sales throughout January 2020:

CINCINNATI / SOUTHEASTERN INDIANA

Home sales started the year strong for Cincinnati and Southeastern Indiana.

January 2020 vs January 2019

  • 8.03% Increase in homes sold (1,346 homes vs 1,246 homes)
  • 8.79% Increase in average sale price ($219,497 vs $201,760)
  • 10.31% Increase in median sale price ($176,500 vs $160,000)
  • 17.52% Increase in gross sales volume ($295,442,403 vs $251,392,441)

Statistics courtesy of Cincinnati Area Board of Realtors January 2020 Home Sales Report

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DAYTON

In January, the Dayton area saw a gain in home sales as well as average and median sale prices.

January 2020 vs January 2019

  • 5.22% Increase in homes sold (1,363 homes vs 1,238 homes)
  • 16.96% Increase in average sale price ($169,769 vs $145,146)
  • 16.90% Increase in median sale price ($142,750 vs $122,111)
  • 23.06% Increase in sales volume ($157,545,696 vs $128,018,659)

Statistics courtesy of Dayton Realtors January 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales increased in January as well as average and median sale prices.

January 2020 vs January 2019

  • 11.02% Increase in homes sold (403 homes vs 363 homes)
  • 6.69% Increase in average sale price ($205,973 vs $193,053)
  • 10.90% Increase in median sale price ($178,000 vs $160,500)
  • 18.45% Increase in sales volume ($83,007,389 vs $70,078,485)

Statistics courtesy of Northern Kentucky Association of Realtors January 2020 Home Sales Report

 

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December Home Sales Report – Strong Sales in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

December home salesTake a look at our regional home sales report for December 2019. The year ended with home sales increasing for all areas. Home values are still on the rise and there remains a low inventory of homes for sale. It is a great time to sell your home.

Here is a report by region of homes sales throughout December 2019:

Cincinnati / Southeastern Indiana

Home sales had a huge uptick for December for Cincinnati and Southeastern Indiana.

December 2019 vs December 2018

  • 11.44% Increase in homes sold (1,861 homes vs 1,670 homes)
  • 8.78% Increase in average sale price ($227,948 vs $209,545)
  • 10.40% Increase in median sale price ($181,000 vs $163,950)
  • 21.22% Increase in gross sales volume ($424,211,260 vs $349,939,755)

January–December 2019 vs January–December 2018

  • .43% Increase in homes sold (25,751 homes vs 25,641 homes)
  • 5.64% Increase in average sale price ($226,143 vs $214,065)
  • 6.36% Increase in median sale price ($184,000 vs $173,000)
  • 6.10% Increase in gross sales volume ($5,823,396,579 vs $5,488,849,495)

Statistics courtesy of Cincinnati Area Board of Realtors December 2019 Home Sales Report

Dayton

In December, the Dayton area saw large gain in home sales as well as average and median sale prices.

December 2019 vs December 2018

  • 25.46% Increase in homes sold (1,291 homes vs 1,029 homes)
  • 4.81% Increase in average sale price ($173,816 vs $165,838)
  • 3.14% Increase in median sale price ($144,400 vs $140,000)
  • 31.50% Increase in sales volume ($224,396,006 vs $170,647,178)

January–December 2019 vs January–December 2018

  • 2.21% Increase in homes sold (16,625 homes vs 16,266 homes)
  • 6.95% Increase in average sale price ($177,087 vs $165,586)
  • 7.04% Increase in median sale price ($152,000 vs $142,000)
  • 9.31% Increase in sales volume ($2,944,065,136 vs $2,693,417,846)

Statistics courtesy of Dayton Realtors December 2019 Home Sales Report

Northern Kentucky

Home sales increased in December as well as average and median sale price.

December 2019 vs December 2018

  • 4.21% Increase in homes sold (544 homes vs 522 homes)
  • 13.36% Increase in average sale price ($214,077 vs $188,853)
  • 17.28% Increase in median sale price ($190,000 vs $162,000)
  • 18.13% Increase in sales volume ($116,458,353 vs $98,581,607)

January–December 2019 vs January–December 2018

  • -.99% Decrease in homes sold (7,266 homes vs 7,339 homes)
  • 7.12% Increase in average sale price ($207,568 vs $193,763)
  • 7.19% Increase in median sale price ($179,000 vs $167,000)
  • 6.06% Increase in sales volume ($1,508,194,485 vs $1,422,029,073)

Statistics courtesy of Northern Kentucky Association of Realtors December 2019 Home Sales Report

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