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It's A Good Time To Sell!!

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As reported by the Columbus Board Of Realtors: https://columbusrealtors.com/

New listings in Central Ohio jump in January

(Feb. 21, 2019 – Columbus, OH) There were 2,181 central Ohio homes and condos added to the market during the month of January, almost 55 percent more than the previous month and up 13.1 percent from January 2018, according to the Columbus REALTORS® Multiple Listing Service.

There were 1,602 central Ohio homes and condos sold during the month of January, down two percent from a year ago and a drop of almost 22 percent from the previous month. 
 
“Even with a 55 percent increase in homes listed last month, we have strong demand for more homes and condominiums,” said 2019 Columbus REALTORS® President John Myers. “With prices up, if you are considering selling your home, now is the time to start that process by speaking with a REALTOR®.”
The median price of a home sold in January was $181,500, an increase of 5.2 percent from a year ago. The average sale price was $208,512, an increase of 1.3 percent over January 2018.

The month's supply of inventory during January was 1.4, up from 1.2 at the beginning of last year. The month's supply is calculated by taking the amount of inventory divided by average monthly sales over the last 12 months. In other words, if no more homes were added to the market, it would take about a month and a half to sell all of the homes and condos currently for sale in central Ohio.

Inventory continues to remain lower than normal for this market. There were 3,818 homes and condos for sale at the end of January, up 12 percent from last January, but still lower than any previous year.

“Homeowners waiting for warmer months to list their home are missing out on opportunities to sell today,” added Myers. “Buyers are out there - and they’re not waiting for summer to buy.”

According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 88 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 76 percent expect home prices to rise in 2019.

When asked how they think the residential real estate market will perform during the coming year, 15 percent think it will improve at a moderate rate, 35 percent believe it will continue at its current rate, and half believe the market will slow at a moderate rate.

Current housing report – January 2019
All housing reports
 
Columbus REALTORS® is comprised of over 8,300 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more.

The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross counties.

To start on your journey Listing or Buying a home, Contact the Apple Valley Lake Team Here. 

 

5 MUST ASK questions when interviewing a Realtor

by Sherrie Toth

Sellers and Buyers: 5 MUST ASK questions when interviewing a Realtor.

Hands, Home, Protection ...

Are you buying or selling a home? Thinking about it?

At RE/MAX Consultant Group, Toth and Team, we are confident in our ability to do the best job representing you.  But we want YOU to be just as confident.  Here are a few questions you can ask when your are interviewing for a Realtor to help you either look for a home or sell one.

 

  1. Ask about experience- The sale of your home is one of the most costly transactions you will likely make in your lifetime and you should be confident that your Realtors experience will allow them to handle the sale of your home with fidelity from listing to closing. Its suggested  that you will want your agent to have at least 5-8  years of experience.
  2. When selling, ask how they plan to market your home- Marketing set’s  an agent apart.  Data shows that homes sell faster  the more thoroughly they are marketed. Many agents put a sign in the yard, put it in the MLS  and hope it sells.  It’s important that your agent has a written plan for your home. They should be able to sell the lifestyle of the area and should be talented at social marketing. Social marketing is the new  print press.
  3. Ask about communication - The process of selling a home will require a lot of communication-- nail biting at times!  Do you have a preference to which communication you prefer and how often?  Most agents are “cookie cutter” communicators. Make sure your communication from your Realtor is tailored just for you.
  4. Ask about office location and area knowledge- Is your agent local or miles or even counties away?  Can they react within minutes of a call? Many Realtors are moving to virtual offices. Buyers and sellers still like to walk into an office and talk with a professional face to face. Buyers want to trust their agent and get to know them before they feel confident allowing the agent to take care of their financial business.  An office will have maps, local information and feature their sellers listings to new buyers. Although paper marketing is becoming archaic to buyers, they still love to come into an office and get materials and information about a community from an area professional without seeing it for the first time at a showing. A brokerage that invests in an area office,  typically make it their business to know it  like the back of their hand.
  5. Ask about  past performance- Ask for performance documentation. Not their brokerage stats but their own personal stats compared the average agent. You don't want an average agent helping you with hundreds of thousands of dollars! Remember, past performance is likely going to be their future performance.


Of course, these are not the ONLY questions that you can ask, but these are definitely high up on the list.  RE/MAX Consultant Group, Toth and Team have a full list of questions that you can use in an interview.  Give us a call and let’s sit down and chat!  

NEVERLAND FOR SALE

by Sherrie Toth

You probably remember that Neverland is the dwelling place of Peter Pan, Tinker Bell, and the Lost boys.
Well, if you have an extra $100 million lying around, maybe you can call Neverland home, too. Michael Jackson’s Neverland Ranch is still available.

Sadly, the amusement park rides and all the animals in the petting zoo are gone, but there is still plenty to keep you busy. From its swimming pool and tennis court to its movie theater and basketball court, you shouldn’t be bored. The property also boasts 2700 acres of land and 22 structures, including the 12,000 square foot main house


Although the name of the property has reverted back to Sycamore Valley Ranch, the flower clock that spells out “Neverland” has been restored.

Interested? 
Take a peek here at this amazing property.                       

Why price per square foot is misleading...

by Adam Wiener

Don't be fooled by agents that use price per sq ft (ppsq) to value your home- your home could be worth MORE or LESS based on MANY OTHER factors - When used solely, ppsq does not tell the whole story! If an agent ONLY uses the price per sq foot to get your HOME VALUE, switch agents FAST!! There are so many other factors that come into play!

For example, you might find two identical homes in finish and sq ft, but if they have a different lot size, view, their value would be significantly different. Another example would be two homes with different sq foot but one is updated and the other isn't - One with less sq ft  has more updates might be valued more than the other with more sq ft.

Don't let an agent value your precious investment on a measurement! There is much more to the story than ppsq

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Below is an article written by a professional appraiser that supports this- he sums it up nicely.

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A real estate appraiser’s perspective:  Buying a house based on the price per square foot is like paying for a car based only on its miles per gallon; and yet to this day I see buyers, sellers, mortgage and real estate professionals discussing and using square foot price as a method for comparing homes to try and determine value.

A 2,000 square foot home that sold for $400,000 did technically sell for$200/sf so the appeal is understandable because on the surface price per square foot takes a very complex problem and appears to deliver a simple solution but it is an illusion. Tempting as it is using $200/sf as the basis to determine the value of any other home is fatally flawed because it is what lies below the surface that counts.

Here is why price per square foot is misleading as an indicator of a home’s value.  How much a home is worth ultimately depends on the following list of key characteristics that influence market value of a home.

  1. Location
  2. Lot sizeHome Value Checklist
  3. View
  4. Style
  5. Age
  6. Condition
  7. Quality
  8. Size (square feet)
  9. Floor plan (#Room/#Bed/#Bath)
  10. Parking
  11. Other amenities
  12. Time – When the home sold

You can tweak or argue the completeness of the list but it is the differences in all of the various characteristics which influence the sales price and ultimately the price per square foot.  Ask yourself this; would someone pay more for a home on a quiet tree-lined cul-de-sac than they would pay for the same exact home along a very busy main street?  And since the sale included the lot upon which the house was built, how much of that $200/sf do you think was for the land?

Let us peel back a few layers of the real value problem. Here is a recent real life example of two similar homes that sold recently presented in matched pair format where you can see the same sized house sold for two very different prices per square foot, and it is not difficult to understand why.

Address 70 Hemenway Rd 76 Hemenway Rd
location Not a factor Not a factor
lot Size 0.56 acres 0.59 acres
view Not a factor Not a factor
style Slab Ranch Slab Ranch
age 56 years 56 years
condition significant updates 2009-2010 carpet/paint toilet oven cheap cabinets
quality upgraded K&B  quality inferior/original
square footage 1,440 1,454
Floor Plan 8Rm-3Bd-1.5Ba 7Rm-3Bd-1.5Ba (assessor says 1 bath)
Heat/AC FHW-propane/ CAC FHW-Oil/Wall AC
Parking Driveway Driveway
Other amenities Fireplace/Radiant bath/Patio Fireplace
contract date 11/22/2013 11/12/2013
closing date 12/5/2013 12/17/2013
Sale Price $348,000 $233,000
Price per sf $242 $160
2013 Tax Assessment $282,200 $273,200

 Why the huge difference in the price paid per square foot? These two homes have almost the exact same location, size and bed/ bath utility but there is a difference of $115,000 attributable to the superior condition and quality of the first house.  The other home needed of some repairs and the little bit of updating was of low quality.

I describe appraisers as trained professionals who pretend to buy houses for a living.  There is a skill set which comes from training and experience and there are practices and methodology that are brought to bear on solving the problem of; what is this hose worth?  in the end appraisers mirror the behavior of buyers in the market, and everyone; sellers, buyers, realtors and appraisers are all trying to solve the same problem. What is this house worth today?

Adam Wiener-

 

Winterizing a Vacant Home

by Housecall

By Housecall

Top Tips for Winterizing a Vacant Home

For a home to remain in good shape throughout the winter it needs regular care and attention. When a home is occupied, many of the things that are necessary to keep it in good working order happen by default. But when the home is vacant, it is up to the owner or the property manager to prepare it for freezing temperatures and other winter risks.

The worst risk comes from bursting pipes, which can lead to water damage that can significantly impact the value of the home. Left alone, water can ruin everything it touches – walls, floors, electrical systems, etc. It can even damage the foundation. Other risks exist as well, such as pest infiltration, that can leave nasty surprises for the homeowner.

Taken together, the dangers of failing to winterize a home are too severe to ignore. Any real estate agent who has been involved with selling bank owned properties or vacant short sales can certainly tell you the necessity of knowing how to winterize a vacant home! In order to get an informed opinion on the subject we reached out to a well known real estate agent in Westborough, Mass., Bill Gassett, who has been selling homes for nearly 30 years. Gassett runs a popular real estate blog known as Maximum Real Estate Exposure that offers numerous tips to buyers and sellers. Below he shares all of his tips for getting your place winterized.

When readying a vacant home for winter weather, there are several things you can do to prepare before freezing temperatures and other winter risks arrive. These include:

Bring in a plumber.

Hiring a professional plumber to winterize the pipes and water system in the home is extremely important if you want to avoid the incredibly expensive water damage that can occur from freezing pipes. The plumber can examine the entire system, inside and out, and then prepare it for freezing temperatures. The plumber will drain all areas where water is stored, like water heaters and hot tubs, and will use an air compressor to expel water from the pipes throughout the house. With the water removed, you do not have to keep the house heated to prevent freezing. The pipes are protected and you save money in utility costs.

Drain outdoor garden hoses.

Water hoses must be disconnected from the home and drained of water to prevent damage to both the hoses and the spigots where they attach to the house. Left undrained, the water inside will freeze and burst not only the hose, but often the spigot as well. If winter watering must be done to keep landscape plants alive, make sure the person who does the watering drains the hoses and disconnects them from the house after each use.

Close up all openings to the house.

To prevent animals and insects from entering the home for shelter, you will need to close up all openings throughout the house. These include dryer vents and the chimney.

Have the gutters cleaned and repaired if necessary.

Gutters must be free of debris and attached properly to the house to funnel water away from the roof, siding and foundation. When debris accumulates, the gutter may stop working properly. If enough water collects and a freeze hits, the weight of the ice can pull the gutter away from the home, damaging the siding and leading to potential ice hazards where water collects at the base of the house. If you live in a cold weather climate then you understand just how bad ice damning was last year. Knowing how to prevent ice dams is something every homeowner should have a grasp of. Ice dams can cause serious damage to a home including mold behind ceilings and walls that you may not be able to detect! Have the gutters cleaned periodically until all leaves have dropped from the trees, and make sure they are in good repair.

Remove anything touching the side of the house, such as leaves and firewood.

Water and insects can accumulate in firewood and debris, causing damage to the siding and leading to potential infestations. Keeping everything away from the house creates a safe barrier and prevents water damage. This includes shrubbery and other landscaping. Keep a minimum of a couple of feet to allow the home to breath.

Have trees trimmed over the home.                                         

Remove any tree branches that may touch the house or hang too closely. Tree branches increase the leaves that accumulate in the gutter and can also break and fall on the house in a snow or ice storm. If you are negligent about keeping branches over your home it could lead to insurance denying your claim.

Use moth balls to keep insects out of the house.

Moth balls may smell unpleasant, but they are effective at keeping insects away. Use them anywhere you think insects may be a problem.

Talk to the gas company about disconnecting the gas supply.

A gas explosion can cause even more damage than frozen pipes. Let the gas company know the home is vacant and ask them to disconnect the gas supply to the home. Obviously if you are not living in the home this becomes important because if a gas leak were to form it would be too late for you to do anything about it. This is one of the major reasons why nearly all bank owned properties get winterized.

Make the home appear occupied at a glance.

It is better for potential buyers and discouraging to unwanted visitors if the home appears occupied. You can setup lights on timers and have the landscaping tended to periodically to keep things looking nice. If snow is an issue you can also have the driveway cleared. We provide a list of many tips on how to sell a home in the winter. This advice applies to both occupied and non-occupied homes. Keep in mind that if your home is on the market you are going to need to get it un-winterized with fairly short notice when the buyer schedules a home inspection. Buyers will want to be able to check the heating and plumbing systems and will not be able to do so if the home is winterized.

Hire a landscaper to perform a fall cleanup.

As the weather gets colder, plants will die and you will be left with a disheveled looking yard and landscape. It is beneficial for the sales process if you have someone come in and cleanup around the home after the first freeze or two, when most of the vegetation has died off. The landscaper can cut back any dead growth, rake up leaves and prepare plants for the winter.

Check on the home periodically.

An unoccupied home, even when the lights come on and the driveway is plowed, can be appealing to burglars and to squatters. It can also be a destination for kids in the neighborhood to come hang out for fun. The only people you want visiting are potential buyers, so you should maintain a schedule of visiting the home periodically to make sure it is being left alone and to discourage unwanted visitors.

Use of all these tips and your experience with winterizing a home should be a breeze!

DRONE: 5 Fairway Court Golf Course Front!

by Sherrie Toth

Super cool perspective of our 5 Fairway Court Condo on the beautiful Hiawatha Golf Course in Mt Vernon, Ohio! Also see our 5 Fairway Court Full listing

 

 

 

Supermoon Lunar Eclipse over Apple Valley Lake? Go away Clouds!

by Ali Stewart

We at Apple Valley Lake Ohio are wishing the clouds away so we can see this beautiful site this evening! Check out the details and how rare this event is...

Supermoon Lunar Eclipse 2015: Full ‘Blood Moon’ Information

moon

The night of September 27th will not be like any other night for residents across much of North and South America. It will feature a lunar eclipse, supermoon and harvest moon all at the same time.

The moon that night will be the first full moon in Luna Eclips over the oceanSeptember, and is also the full moon that occurs closest to the autumn equinox. That is why is gets the name Harvest Moon. It is also referred to as the Full Corn Moon. The Native Americans named it this because it marked when corn was supposed to be harvested.

The full moon on the night of September 27th will also be considered a supermoon.

But what is a supermoon?

It’s a new or a full moon that occurs when Earth is at its closest point in orbit, or perigee. Supermoons typically have larger than usual tides and could sometimes appear bigger in size. The moon will appear 14% larger and 30% brighter than a apogee moon. (When the moon is furthest away) The moon will actually be 31,000 miles closer to earth. The moon may appear brighter and more orange shortly after sunset.

After sunset around any full moon in any month, the moon will always appear near the horizon and usually will have an orange tint. This is because you are viewing it through a great thickness of atmosphere when it’s close to the horizon.

When looking towards the horizon, blue light will be scattered and will allow red light to pass through your eyes. However, supermoons are not all that rare. In total, there were 6 supermoons in 2015. But what makes this night so rare?

Red Moon during a Lunar EclipseThis all comes at the same time as a total lunar eclipse. The last time this happen was 1982. The total lunar eclipse will be visible for most of North and South America.

Lets hope the skies stay clear this night for prime viewing purposes because the next time this will happen will not be until 2033.

Improved Price on Apple Valley Lakefront!

by Sherrie Toth

55 NORTHRIDGE COURT

LAKEFRONT

Improved Price!!

CLICK HERE FOR DETAILS!

 

 

Knox County

by Sherrie Toth

Knox County, located in the heart of Ohio, is home to about 60,000 residents. This peaceful, small-town region features beautiful, rolling scenery, historical attractions, tranquil biking and walking paths and many local parks. There are several communities in Knox County, including Mount Vernon, Apple Valley, Gambier and Fredericktown.

 Mount Vernon is the county seat and largest city. The downtown area has undergone extensive renovation in recent years and now features many different attractions, such as the Woodward Opera House, which opened in 1851 and is currently being restored, and the Schnormeier Art Gallery operated by Mount Vernon Nazarene University. There’s also an annual Christmas parade and First Friday celebrations every year from May to October with art, shopping and activities for children. A new 250-acre green space, Ariel-Foundation Park, is scheduled for completion in 2015 and features woods, lakes, biking and walking trails and spots to hold picnics.

 Apple Valley Lake, located near the unincorporated community of Howard just a few miles from Mount Vernon, is the center of a master-planned resort community. Residents can take their boats out onto the lake for relaxation, and, if they wish, to go fishing. The lake is the home of a diverse array of fish species, including both large- and small-mouth bass, catfish, crappie and others.

 The village of Gambier is fairly small, but it serves as a major intellectual center of the region. Gambier is perhaps best known as the home of Kenyon College, the oldest private college in the state of Ohio and one of the top 50 liberal arts colleges in the United States, according to U.S. News and World Report. Kenyon’s presence brings major cultural and sporting events to Knox County. The college and the village are bisected by a path known as the “Middle Path,” which takes walkers past some beautiful historical buildings.

 Fredericktown is another small village with lots of culture. This one-time frontier town features a museum that houses many items of historical importance from Fredericktown and the surrounding area. Also, the Fredericktown Recreation District Education and Nature Center is a 57-acre nature preserve with 2 miles of walking trails and many different animals, flowers and trees to observe. The Tomato Show and the Christmas Walk are two of the major annual events observed by residents of Fredericktown.

 Despite the bucolic beauty and small-town charm that can be found throughout Knox County, those who live here aren’t far from major population centers: Columbus and Cleveland are both less than two hours away by car. This makes it the perfect location for those who want to experience living in a small town without feeling too isolated from the outside world. With its rich history, its scenic beauty and its strong sense of community, Knox County is a great place to settle down and raise a family.

Looking to Buy or Sell in Knox County, Call Toth & Team to get started.

RE/MAX Consultant Group
Joe & Sherrie Toth – Team Leaders
844-411-5253
740-390-0735
www.AppleValleyLakeOhio.com
www.applevalleyliving.com

 

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RE/MAX Consultant Group - at the lake
22021 Coshocton Road Suite A
Howard OH 43028
Sherrie’s Mobile: 740-390-0735
Joe’s Mobile: 330-388-6293
Fax: 800-707-3176

RE/MAX Consultant Group | Apple Valley Lake | Toth and Team | 740-390-0735