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.

 

Home Sales Rose in May in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana!

HomeSales_May2017.jpgMay 2017 was a strong month for home sales throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana with increases in the number of home sales from four to almost seven percent.

May 2017 was also a record-setting month in Cincinnati with the average sale price reaching $199,421. In Northern Kentucky, the average home sale price was $182,783 – the highest since September 2016. In Dayton, Ohio, the May 2017 average sale price was 4% better than last May. Southeast Indiana had a 4.0% increase in average sale price at $161,340.

Not increasing in all regions are the number of homes for sale – which still remain low. In Cincinnati the number of homes for sale is down 24.98% as compared to inventory from May 2016. In Northern Kentucky the inventory of new listings for sale in May 2017 was the highest since June 2016 – 950 homes. However, in that region the total number of homes for sale still remains low with only 1,726 properties. In Dayton, Ohio, there were 2,172 new listings added for sale in that region in May 2017 – which was up from 2,108 new listings in May 2016.

The real estate market remains strong – homes in good condition many times are selling quickly – some with multiple offers. Mortgage interest rates are still low. Look at homes for sale.

Here are the May 2017 home sales statistics:

Cincinnati May 2017 Home Sales

May 2017 vs May 2016

  • 4.05% Increase in home sales (2,695 homes vs 2,590 homes)
  • 7.05% Increase in sales volume ($537,439,239 vs $502,052,134)
  • 2.88% Increase in average sale price ($199,421 vs $193,843)
  • 1.19% Increase in median sale price ($160,000 vs $157,000)

January – May 2017 vs January – May 2016

  • .96% Increase in home sales (9,872 homes vs 9,778 homes)
  • 7.74% Increase in sales volume ($1,912,894,430 vs $1,775,446,351)
  • 6.71% Increase in average sale price ($193,770 vs $181,580)
  • 6.90% Increase in median sale price ($155,000 vs $145,000)

Source: Cincinnati Area Board of Realtors, Home Sales Report, May 2017

Dayton, Ohio May 2017 Home Sales

May 2017 vs May 2016

  • 4.03% Increase in home sales (1,626 homes vs 1,563 homes)
  • 8.07% Increase in sales volume ($256,075,029 vs $236,944,693)
  • 3.89% Increase in average sale price ($157,488 vs $151,595)
  • .71% Increase in median sale price ($133,950 vs $133,000)

January – May 2017 vs January – May 2016

  • 4.48% Increase in home sales (6,023 homes vs 5,765 homes)
  • 12.32% Increase in sales volume ($907,874,053 vs $808,282,267)
  • 7.51% Increase in average sale price ($150,735 vs $140,205)
  • 6.61% Increase in median sale price ($129,000 vs $121,000)

Source: Dayton Area Board of Realtors, Home Sales Report, May 2017

Northern Kentucky May 2017 Home Sales

May 2017 vs May 2016

  • 6.61% Increase in home sales (742 homes vs 696 homes)
  • 11.38% Increase in sales volume ($135,625,702 vs $121,771,783)
  • 4.47% Increase in average sale price ($182,783 vs $174,959)
  • 2.81% Increase in median sale price ($155,500 vs $151,250)

January – May 2017 vs January – May 2016

  • 6.62% Increase in home sales (2,771 homes vs 2,599 homes)
  • 10.35% Increase in sales volume ($479,594,468 vs $434,621,789)
  • 3.50% Increase in average sale price ($173,076 vs $167,226)
  • 2.74% Increase in median sale price ($150,000 vs $146,000)

Source: Northern Kentucky Association of Realtors, Home Sales Report, May 2017

 

Southeastern Indiana May 2017 Home Sales

May 2017 vs May 2016

  • 6.5% Increase in home sales (132 homes vs 124 homes)
  • 10.7% Increase in sales volume ($21,296,838 vs $19,238,573)
  • 4.0% Increase in average sale price ($161,340 vs $155,150)
  • 2.0% Decrease in median sale price ($136,500 vs $139,347)

January – May 2017 vs January – May 2016

  • 6.4% Increase in home sales (456 homes vs 429 homes)
  • 10.3% Increase in sales volume ($68,570,499 vs $62,159,900)
  • 3.8% Increase in average sale price ($150,374 vs $144,895)
  • 0% Increase in median sale price ($135,000 vs $135,000)

Source: Rick McMillin VP/Sales Manager of Sibcy Cline Harrison, Southeastern Indiana Home Sales Report, May 2017

Sibcy Cline Super Open House is May 20 and 21, 2017!

Superman_WebArt.jpgThinking of buying a new home? Plan on seeing some great homes at the Sibcy Cline Super Open House Weekend on May 20 and 21, 2017! View all area open houses on Sibcy Cline’s website.

Why Sell your Home and Buy a New One?
Home values are rising and you could get top dollar for your home during this “seller’s market”.  And, mortgage interest rates are still low – which is really good new for home buyers.  Perhaps now is a good time for you to sell your old home and purchase a new one!

Why You Should Sell Your Home – Now

It’s currently a strong seller’s market with more buyers than sellers. Learn how to take advantage of this type of market and sell your home now:

Get a Very Good Price for your Home
With fewer homes on the market for sale and many motivated buyers (due to low interest rates and a strong economy), odds are in your favor to get top dollar for your home without price reductions. Many homes are receiving multiple offers – which means you will be able to select the best offer for your needs.

What you do not want to do is price your home out of the market. You have to be realistic about its current value. Your real estate agent will show you what similar homes are selling for and how a fair market value is determined. An overpriced home could result in an inconsistent appraisal, which will then give your buyer doubts or reason to possibly back out of the deal.

Less Time on The Market
Homes are selling at a faster pace. When your home sells in a short amount of time, you will not have to constantly clean and keep your home in tip-top shape for showings.

You will still need to prepare your home for the market initially. Staged homes show better in person and online – and will capture more interest among homebuyers. Read more about curb appeal and a staged home.

Selling As Is 
In a seller’s market, many buyers are not agonizing over every item that needs to be fixed in a home. You may be able to sell your home “as is”. However, if your home has structural issues or a roof that needs replacing, your price will need to reflect those concerns or it may be best to fix those issues first before going on the market to sell. Remember, a home in great shape will attract more buyers.

The Seller’s Market Won’t Last Forever
Conditions for a seller’s market can change, taking that advantage away. For example, if your area has a spurt of growth in new construction, you will now have more competition of available housing for sale.

Will I Find a Home Now that Mine Has Sold?
If your home sells quickly, you will now be in a position to find a new home right away. While you are selling your current home, you should start looking at homes for sale. If you find that dream home, you may want to consider a bridge loan that will give you the funds needed for a downpayment before your current home sells.

Another consideration would be to ask the buyers to be flexible on timing for the closing or occupancy of the home. You might be able to request a rent-back agreement.  This would help to alleviate moving twice.

One final idea is to move into a short-term rental while you look for a new home. Although this requires two moves, it will take away the pressure of finding that new dream home in a short amount of time.

Look at homes for sale.

Northern Kentucky Home Sales Rise Seven Percent in March!

Home sales in Northern Kentucky were strong in March – with a 7.45% increase in sales as compared to March 2016. Here are the statistics:

March 2017 vs March 2016

  • 7.45% Increase in home sales (620 homes vs 577 homes)
  • 7.81% Increase in average sale price ($175,734 vs $162,997)
  • 4.83% Increase median sale price ($149,900 vs $143,000)
  • 15.85% Increase in sales volume ($108,955,497 vs $94,049,825)

January – March 2017 vs January – March 2016

  • 9.81% Increase in home sales (1,410 homes vs 1,284 homes)
  • 3.91% Increase in average sale price ($167,578 vs $161,268)
  • 3.20% Increase median sale price ($144,950 vs $140,450)
  • 14.11% Increase in sales volume ($236,286,303 vs $207,069,255)

It’s a great time to sell and buy homes. Home values are rising and mortgage interest rates are still low.

Look at homes for sale.

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

 

Four Tips to Make Rooms in Your Home Seem Bigger

LivingRoom_NeutralColors.jpgOpen floor plans are popular among homebuyers, but traditionally homes were built with individual rooms that served specific purposes. However, with some affordable adjustments, you can make your house appear more spacious.

Knocking down walls can be expensive and time consuming. Luckily, though, you can open up your home a bit without a massive remodeling project. Doing so may help bring your home’s appearance in line with modern trends. This is especially helpful if you plan on selling your property soon. Real estate sales are often driven by a number of trends, and this year, spaciousness is among them.

There are a number of affordable ways to open up the rooms in your homes and create the illusion of larger spaces. Even a few small changes like switching out the drapes on your windows can make a huge difference by opening up rooms. If you don’t have an open floor plan, but would like to imitate one with more spacious rooms, read the tips below:

  1. Let the Light into the Windows
    Windows that aren’t blocked by heavy drapes or curtains make rooms seem bigger by letting in more natural light – the most attractive sort – and extending spaces. You can still hang thin curtains that aren’t completely opaque to achieve a similar effect. This way, it is possible to maintain a degree of privacy. You have windows, so use them to open up the rooms of your home!
  2. Match the Furniture Palette to the Paint
    Try finding at least a few pieces of furniture that match the color of the walls. This will blend couches, tables or chairs into the walls a bit, and make the room appear larger than it actually is. Maintaining unity in your palette is a great way to expand a space beyond its physical limits.
  3. Keep the Clutter Away
    When you’re staging a home, you typically hide items that you don’t use at least daily. To make a room seem bigger, you can take a similar approach. Keep plenty of efficient storage space in each room, and stow away most items around the house until you need them. Too much clutter can significantly change how a room appears, in terms of size.
  4. Make Room for Mirrors
    Mirrors serve a similar function to windows, minus the natural light. Similar to how a window creates the illusion of more space by expanding the room, a mirror’s reflection creates the impression of more space where there is none. Make sure that the mirror fits the theme of the room to ensure unity among various decorations and furniture.

Opening up your floor plan is expensive, but creating the illusion of more space is affordable and easy. Create an impression of spaciousness through mirrors and windows, cleaning consistently and thematic unity.

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Home Sales Increase for March in Dayton, Ohio!

Dayton_eveningMarch blew in with an early spring for Dayton, Ohio with home sales increasing by 13 percent for the month. Here are the statistics:

March 2017 vs March 2016

  • 13.33% Increase in home sales (1,301 sold homes vs 1,148 sold homes)
  • 18.81% Increase in sales volume ($194,785,740 vs $163,941,377)
  • 4.88% Increase in median sale price ($130,000 vs $123,950)
  • 4.11% Increase in average sale price ($149,720 vs $143,808)

January – March 2017 vs January – March 2016

  • 6.98% Increase in home sales (3,020 sold homes vs 2,823 sold homes)
  • 17.63% Increase in sales volume ($436,996,761 vs $371,495,995)
  • 12.23% Increase in median sale price ($126,825 vs $113,000)
  • 9.02% Increase in average sale price ($144,701 vs $132,725)

Look at homes for sale.

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