Rob Sibcy, President of Sibcy Cline Realtors Makes the 2018 Swanepoel List of Most Powerful People in Residential Real Estate

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Rob Sibcy, President of Sibcy Cline Realtors, has once again made it on the Swanepoel list of the most powerful people in residential real estate for 2018. His ranking came in at #91. This list measures the real estate movers and shakers in the U.S. and Canada. See the list here.

About Rob Sibcy
Rob grew up in the real estate business. His grandfather established Sibcy Realtors in the 1930s and his father, Bob, took over after that. When Rob was in his mid twenties, his father suffered from debilitating health issues and had to immediately step into the leadership role for the company

Under his watchful and entrepreneurship, Rob grew the company from a modest business to the largest regional real estate firm with 1,200 agents and 23 branch office locations.

2018 Tax Reform Mortgage Updates

Businessman Notepad Property Value ConceptThe mortgage tax laws have been reformed for 2018. Here are some highlights to be aware of:

  • Interest from Home Equity Lines are no longer tax deductible
  • PMI will not be tax deductible
  • State/local/property taxes are limited to a maximum aggregate of $10,000
  • Mortgage interest deductions are limited to $750,000

If you have a HELOC Second Mortgage:
Prime is now up to 4.5% (compared to 3.75% a year ago) and the Federal Reserve is
expecting to raise short-term interest rates potentially 3 times in 2018. Now might be the time to roll your HELOC into a fixed mortgage with a refinance while first mortgage rates are still low!

Need more information? Contact Sibcy Cline Mortgage Services.

Have Student Loans? Yes, You Can Buy a Home!

Letter A, Report Card, Test Results.Thought about buying a home but are fearful that student loans will cause a problem with obtaining a mortgage? There is good news for you: Freddie Mac and Fannie Mae have loosened up 2018 guidelines on qualifying for conventional mortgages with student loans.

If you did not qualify for a mortgage in prior years, you may be able to qualify now with your income-based repayment schedule for your student loans.

Contact Sibcy Cline Mortgage Services to get pre-qualified today!

Sweet Sweats for Love – Collecting Sweat Clothes for Area Foster Children

Clothes_3For the fourth year in a row, Sibcy Cline has partnered with Phillippi-Whitney Communications for a collection of items to benefit area foster children. This year, the items are sweat clothes including sweatshirts, hooded-style sweatshirts and sweat pants for kids ages 5-18 years old. The community is invited to drop off new items with tags at any Sibcy Cline location through February 14, 2018. Sibcy Cline has a goal to collect 1,000 pieces of clothing.

The Need for Clothing Is Great
Moira Weir, director of Hamilton County Job and Family Services, says, “Children’s Services agencies across the state have had a large increase in the number of children coming into care during the past two years, partially because of the region’s heroin epidemic. Keeping up with their needs can be difficult. A drive like this really helps and can make a difference to children throughout our region. All of the sweatpants and hooded sweatshirts will be distributed by Hamilton County Job & Family Services and other partnering organizations serving our foster children, and will be dispersed on an ongoing basis as we receive them throughout the collection period. These small donations will make a big difference in the lives of our children!”

In Hamilton County there have been 3,500 children in foster care for the past year with about 1,200 children in their system on any given day.

Follow Sweet Sweats For Love on Facebook.

Watch a WCPO news story about Sweet Sweats For Love.

Watch a Fox19 news story about Sweet Sweats For Love.

Read a Cincinnati Enquirer article about Sweet Sweats for Love.

Read a Dayton Local article about Sweet Sweats for Love.

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Pantone Color for 2018 – Ultra Violet!

Several opened cans with paint inside.Purple…aka “ultra violet” rules as the color for 2018! Pantone 18-3838 is a color that “communicates originality, ingenuity and visionary thinking.”

Great Accent Color
Ultra Violet is a very strong color. Although it may be too intense on a wall since it is a very trendy color, think about using it as an accent with bedding, pillows or towels. This color does very well in contemporary-styled homes.

Want to be inspired? Look at some Ultra Violet photos from Houzz.

My Grandma and Purple
My grandmother loved the color purple. When she moved to Southern Florida in the mid 1960s, she gave up all of her traditional furnishings in her Cincinnati home for brand new pieces all dripping in purple. She had purple carpet, purple couch, purple cushions, purple side chairs and purple bedding – along with French Provincial white furniture.

Although my grandmother’s villa home had sunny palm trees on the outside, the inside was 100% royalty-styled grandeur. (Oh, and did I mention that she covered the carpeting, couch and chairs in sheets so that it all stayed new? I cannot remember, but if I had to bet, those sheets were purple, too.) Whenever I seedeep purple, I fondly think of my grandmother and all of her purple wonderfulness.

November 2017 Home Sales Report

HomeSales_Nov2017.jpgHomes are selling! The average home sale price continued to increase throughout the region in November 2017.

Here are the sales statistics for November for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

November 2017 vs November 2016

  • 6.55% Increase in homes sold (2,001 homes vs 1,878)
  • 7.66% Increase in average sale price ($206,042 vs $191,389)
  • 10.19% Increase in median sale price ($167,000 vs $151,550)
  • 14.71% Increase in gross sales volume ($412,289,714 vs $359,428,946)

January – November 2017 vs January – November 2016

  • -.28 % Decrease in homes sold (24,132 homes vs 24,200)
  • 6.06% Increase in average sale price ($202,502 vs $190,930)
  • 7.24% Increase in median sale price ($163,000 vs $152,000)
  • 5.76% Increase in gross sales volume ($4,886,781,682 vs $4,620,551,062)

For the 17th consecutive month, the average sale price set a record in November

Statistics courtesy of Cincinnati Area Board of Realtors November 2017 Home Sales Report

Dayton

November 2017 vs November 2016

  • 1.50% Increase in homes sold (1,219 homes vs 1,201)
  • 2.65% Increase in average sale price ($152,965 vs $149,014)
  • 5.59% Increase in median sale price ($134,000 vs $126,900)
  • 4.19% Increase in sales volume ($186,464,350 vs $178,966,344)

January –November 2017 vs January –November 2016

  • 1.18% Increase in homes sold (15,036 homes vs 14,861)
  • 5.73% Increase in average sale price ($155,822 vs $147,380)
  • 5.93% Increase in median sale price ($134,000 vs $126,500)
  • 6.97% Increase in sales volume ($2,342,944,306 vs $2,190,213,703)

Statistics courtesy of Dayton Area Board of Realtors November 2017 Home Sales Report

Northern Kentucky

November 2017 vs November 2016

  • -9.07% Decrease in homes sold (491 homes vs 540)
  • 10.39% Increase in average sale price ($186,244 vs $168,711)
  • 12.89% Increase in median sale price ($162,000 vs $143,500)
  • .38% Increase in sales volume ($91,446,247 vs $91,104,140)

January – November 2017 vs January – November 2016

  • 1.29% Increase in homes sold (6,594 homes vs  6,510)
  • 3.32% Increase in average sale price ($180,405 vs $174,616)
  • 4.88% Increase in median sale price ($157,320 vs $150,000)
  • 4.65% Increase in sales volume ($1,189,595,849 vs $1,136,756,559)

Statistics courtesy of Northern Kentucky Association of Realtors November 2017 Home Sales Report

Southeastern Indiana

November 2017 vs November 2016

  • 32.5% Increase in homes sold (106 homes vs 80 homes)
  • 3.2% Increase in average sale price ($162,317 vs $157,218)
  • 12.3% Increase in median sale price ($150,458 vs $134,000)
  • 36.8% Increase in sales volume ($17,205,613 vs $12,577,419)

January–November 2017 vs January–November 2016

  • 8.2% Increase in homes sold (1,145 homes vs 1,058 homes)
  • 3.9% Increase in average sale price ($158,768 vs $152,797)
  • 4.4% Increase in median sale price ($145,000 vs $138,847)
  • 12.9% Increase in sales volume ($181,789,051 vs $161,016,510)

Statistics courtesy of Rick McMillin –Southeastern Indiana Board of Realtors MLS Homes Sold Report dated January 9, 2018

Look at homes for sale.

Get Your Home Ready for Sale Now!

Home renovationWhile winter is here, homeowners who are considering selling should take this time to ensure their homes are ready to appeal to buyers. That effort requires some prep work – and the good news is that a lot of these jobs are easy to complete.

Starting with Physical Labor
Prior to selling your home, owners need to make sure their houses are depersonalized. All personal touches and mementos should be removed from areas potential buyers are most likely to view. This is an important step because potential buyers need to be able to picture themselves themselves moving in with their belongings.

Removing family photos, kids’ drawings on the fridge and other home-y items is crucial. If a property that’s put up for sale feels too “lived in,” would-be buyers might be subconsciously less interested in making a bid.

It’s also wise to focus on decluttering and clearing out items that can build up in corners and closets. This should coincide with a larger effort to give a home a good top-to-bottom cleaning, especially in communal areas such as the kitchen or den, where prospective buyers are likely to spend more time during open houses. This might also be a good time to find items to donate or sell items that are no longer used or worn.

Applying Finishing Touches
Depersonalizing and decluttering a home are often the hardest parts of the job, but homeowners have other efforts to undertake, according to On The Market. For instance, if any rooms of a house are painted in bright or bold colors, repainting them so they’re a bit more muted and neutral is often recommended because buyers may not be able to picture a room in any other colors.

In addition, it’s a good idea for owners to make sure their front lawns and any garden areas are in good shape. A little work outdoors can help visitors feel welcome immediately and adds to that curb appeal.

Your real estate agent will recommend changes to make before selling. With a few months before the official start of the busy real estate sales season, there’s still plenty of time to easily make those changes.

Sibcy Cline Home Services is available to help with painting and other preparation needs to get your home sale ready.

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