Central Ohio Real Estate Market News

Entries categorized as ‘Franklin County’

Help the Mid-Ohio Food Bank

December 3, 2008 · No Comments

Real Living HER is partnering with the Mid-Ohio Food Bank with a food drive to help feed central and eastern Ohio’s hungry families during the holiday season. The Food Bank serves over 500 food pantries, shelters, and other sites around Ohio.

The goal is to “make food accessible to hungry people in their greatest times of need”. Real Living HER supports these ideals.

My office in Worthington at 6902 N High St (just south of I-270) will have a box in the lobby where you may drop off canned or dry goods. If you live in another part of town, you can drop it off at any of our other offices. (map of Real Living HER offices).

The food drive officially ends on Friday, Dec 19 when the food will be collected and taken to the Food Bank.

I’m sure that this year when money is much tighter for folks, anything extra donations you can provide will be greatly appreciated.

Categories: Central Ohio · Franklin County · Real Living HER · Realtors® · Worthington Ohio
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Real Estate Design Trends

November 21, 2008 · 2 Comments

Katherine Slant, author of The Brand-New House Book, issued some design trends that coincidentally fit with some the homes I currently have listed.

She said that homes with both a master and a second bedroom on the first floor are popular because they appeal to young couples (2nd BR serves as a nursery); middle-aged couples may put an elderly parent in the 2nd bedroom; and older couples like the design if their sleep patterns differ, making sharing a bedroom more difficult. See my Worthington listing that matches this description, plus it has 2 more large bedrooms upstairs with dormers and skylights.

Another design trend on her list involves offices. She said the newest variation of the home office is a completely separate office space, connected to the home by a hallway or a breezeway. See my Galena listing that has this type of private office with an exterior entrance in addition to the connection to the home.

Per Slant, kitchens are getting smaller, but they’re connected to larger dining areas, often with a center island where family members can sit while they have an informal meal. My Worthington listing (see above) has this arrangement, as does my listing in Stratford Woods.

Oversized family rooms with high ceilings are giving way to smaller, cozier rooms with lower ceilings. Again my Worthington listing matches this as does my listing in Brookfield Village in Hilliard.

Slant says that home theaters have lost much appeal because people don’t want to watch TV in a separate area. TV viewing is more informal with people doing other things while the TV is on. My listing in Stratford Woods has this floor plan as well as a finished basement for “real TV watching”.

So if you’re interested in buying a TRENDY home, I’ve got you covered. Just pick the trend you want, and I can help you buy it. Of course, you knew I’d say that didn’t you!

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Buyers · Central Ohio · Delaware County · Delaware Ohio · Franklin County · Galena Ohio · Hilliard Ohio · Homes · Homes for sale · Worthington Ohio
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Spacious home for sale in Brookfield Village, Hilliard

November 2, 2008 · No Comments

This new listing has a great location in the popular Brookfield Village … convenient to downtown Hilliard, shopping and major access roads. Being a larger home (2368 sq ft), you’ll find plenty of room for entertaining guests or family activities, both in formal or casual areas.

The traditional floor plan has a formal living room with a bay window and nearby brick log-burning fireplace with raised hearth. Nearby is a formal dining room with a view of a large tree. The kitchen has plenty of cabinetry, including a pantry, making meal prep easy. All the kitchen appliances stay. You’ll love the large casual dining area with a bay window, and easy access to the backyard. A large 3-panel window brightens the Family Room, with plenty of space for a large TV and sectional sofa for watching football games.

Upstairs are 4 roomy bedrooms, with an extra spacious, private owner’s suite which has a walk-in closet, bath area, 2-sink vanity, glass shower stall, jetted tub and enclosed commode area. Also, on the 2nd floor is the laundry room for added convenience.

The finished lower level features three distinct areas, a half bath, and a small room with a sink … ideal as a wet bar. The backyard features a paver patio and is totally fenced for pets or kids. At only $194,900 it’s a fantastic buy for this terrific neighborhood! Google Map directions.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Franklin County · Hilliard Ohio · Homes · Homes for sale
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Joe Testa reinvents the Auditor’s web site … again!

October 30, 2008 · No Comments

It’s been a busy week of meetings at the Board and with clients. One of the Board meetings was the Tech User’s Committee meeting, of which I am Vice-Chair. Tuesday’s meeting featured Joe Testa, the Franklin County Auditor. We invite him once a year to speak to our Committee and it always has the highest attendance since all Columbus Board of Realtors® members are invited to attend.

Because it’s the Tech Users Committee, the presentation is on the fabulous web site that he and his staff have implemented. Every year they improve it and it’s one of the best in the central Ohio area. They’ve worked on improving it even more in the past year, and the new version will go live in the next week or so. He gave our group the beta domain address and asked us to try it out and let them know if we found any bugs.

Joe said that they essentially reviewed the site by asking how they would design it if they were to start over to try to make it even more user friendly. Judging by the demonstration they gave, the site will have often used features more easily accessible with fewer “jumps” to other platforms. I think we’ll find it even easier to use with even more info available for us.

Since Joe’s department handles the property tax assessments, there was much discussion of what adjustments will be made to allow for the effect of foreclosures on a neighborhood’s property values. Per the law that they follow, they view assessments as a 3-year window. They also remove those transactions that didn’t sell as a normal “arms-length” sale. So it’s not likely that assessed property values will decline much, if at all.

Of course, Franklin County citizens can follow the procedures (see Joe’s web site) to appeal their own assessment to try to get it lower … but keep in mind they may determine that the value has increased, and if so, you’ll have to live with it. Oh, whoops!!!

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Columbus Ohio · Franklin County · Home prices · Homes
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Here’s a primer on being a Buckeye if you’re relocating here

October 23, 2008 · 2 Comments

Let it be known that if you relocate to the Central Ohio area, you WILL be expected to become a BUCKEYE! We’re passionate here about all things Buckeye … especially the football team. So get used to it.

Outsiders may not know what being a Buckeye means, so here’s some things to help you blend in.

The Buckeye tree is our state tree that produces a sorta round brown nut with a cream spot on the top. It obtained its name because it resembles a buck deer’s eye. The nut is supposedly poisonous to eat which is why “that-state-up-north” has some disparaging chants about it being a worthless nut. Never mind what “that-state-up-north” says, we Buckeyes are enterprising and make a delicious candy for game days that looks like the nut, but tastes like Reeses® Peanut Butter Cups.

TBDBITL stands for The Best Damn Band In The Land, and of course, refers to the OSU Marching Band. It’s pronounced “ta-bid’-al”. There’s nothing like being in THE SHOE when the band comes out from the tunnel and 100,000 people stand up to clap and cheer. It’s a spiritual experience and can be known to bring tears to our eyes for the shear magnitude of the response and the pride we feel for our Buckeyes.

THE SHOE is the Ohio Stadium, but it doesn’t look so much like the horseshoe anymore since they closed in the end zone and added on the press box. My fondest memories at The Shoe were the four years I watched Archie play all his home games there. I also went to all the away games that he played at “that-state-up-north”. (I won’t talk about the “yard marker incident” with Woody. Yep, saw THAT, too!)

BRUTUS is the mascot. While I’m sure that the new costume is much easier on the person inside, I have a soft spot in my heart for the original mascot. The original one was a big round fiberglass head with movable fuzzy eyebrows and movable mouth. When times weren’t going so well, that Brutus could frown with a furrowed brow. In the early 70’s, I made my own paper-mache version of that mascot. I had it autographed by Archie & Ray Griffin, Corney Greene, and Anne Hayes when they attended one of our Union County OSU Alumni meetings. It’s one of the few things I own that my daughters intend to fight over after I’m gone.

Shopping For Homes Here: It’s highly likely that you’ll find rec rooms decorated in scarlet & gray with OSU logos and paraphernalia stuck everywhere. You should view these rooms as “adding value” to the home, much like granite counter-tops or hardwood floors. :-)

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Columbus Ohio · Franklin County · OSU Buckeyes
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Do you rely on political polls to make up your mind?

October 13, 2008 · 2 Comments

Polls! Polls! Polls! Are you confused about what you hear or read in the media? One poll says that so & so is leading. Another poll reports just the opposite. In January, I wrote about the need to be careful in interpreting what the Talking Heads TV news anchors are saying and the spin that they try to put on events. To say that the media has influenced this presidential election is an understatement.

In yesterday’s Columbus Dispatch, there was yet another example. The headline read: “Obama,McCain in a dead heat in new state poll”. The secondary headline read: “Republican’s September lead disappears amid Wall Street meltdown, credit freeze“.

To get the real skinny on this poll, you would have had to read down to the 4th paragraph, where you would learn that this poll was based on the opinion of 876 LIKELY VOTERS. Now there are millions of potential voters in Ohio. Are we to trust that these 876 are “statistically representative” of those millions? And what does the word “likely” mean? Does it merely mean they are registered, or does it mean these are people who actually might get in their car and take the time to vote in this critical election? Given recent reports of ACORN voter registration fraud, I’d like to know if these “voters” are legit or fake or have registered multiple times, as is being reported.

In the 5th paragraph, we learn that the survey was done VIA PHONE, commissioned by the Ohio Newspaper Organization (remember newspaper editors/owners have their own agenda). Now I realize that the phone is the easiest and most expedient method to conduct surveys, but is it really a reliable way to judge opinions any more? I know many people who no longer have phone land lines, as they have switched totally to cell phones. Then we must consider the demographics of the person who is willing to answer a surveyor’s questions over the phone without hanging up. With so many reports of identity theft, who are these folks willing to talk to a telemarketer over the phone? Are they truly a representative sample of the general voting population?

In my last post on Fall Colors, I drove through many areas of Delaware County and Union County. I could do my own survey results based on the political signs I saw in people’s yards. Based on that “survey”, I would say that McCain is leading 3-to-1. However, I showed homes in Clintonville last week, and if I based my survey on that community north of OSU, Obama would be leading 3-to-1. Now we all know that neither of my surveys are correct, but unfortunately, they may be about as correct as the one touted in The Dispatch!

I think I’ll wait until Nov 5 to see what the REAL POLL said!

Read more on ACORN and voter fraud here and here and here.

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Categories: Central Ohio · Commentary · Delaware County · Franklin County · Media · Newspaper · Surveys
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Joy riding through the Olentangy River Valley

October 11, 2008 · No Comments

Today was certainly a pretty fall day. The Murph and I were out and about late this afternoon, and with the fall foliage beginning to turn colors, I snapped some photos along the way. We were in the Powell, Dublin and Plain City areas, and although there are tons of homes in these suburbs, they are intersperced with natural areas.

The Murph got to see his first horses. For a change, he didn’t bark at them. Guess he thought “those dogs were just TOO BIG to mess with”. We went by a farm with a bunch of cows by the fence. Murph’s nose was in overdrive as he got a whiff of fresh manure.

Tomorrow is supposed to be an equally pretty day. I recommend taking advantage of it by getting out to enjoy the scenery. It’ll be gone too soon and it’s a long time till March!

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Delaware County · Dublin Ohio · Franklin County · Powell Ohio
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Sellers … think buyers will think YOUR home is special?

September 27, 2008 · 2 Comments

With all the economical and financial news this past week, plus, some discussions of the have’s and have not’s, I was curious to see how higher priced homes were faring in sales this year. We know that the lower priced homes are facing more challenges to attracting buyers, but does the same hold true for the upper scale homes where “lack of money” may be less of an issue for potential buyers?

Normally the charts I prepare are for portions of Delaware County and Franklin County. I decided to use the ENTIRE MLS system for this review since some of the more expensive property may be located in outlying areas where ample land can ensure privacy. I also included condos … not just single-family homes … because there are some luxury condos being sold both in Powell as well as downtown Columbus high-rises. I wanted to know how buyers were spending their money regardless whether it was in a regular home or an easy-care condo or patio home.

This graph shows the NUMBER of homes SOLD by price range between Jan to today’s date.

Obviously, there are a lot fewer buyers buying this year than last, and remember this is for ALL the counties surrounding Franklin County where Columbus is located. Strangely the average price within each price range hardly changed from one year to the next. In other words, the average price in the $200-299K range was $241K for both years … there were just 62% fewer buyers.

Now back to the original premise of my purpose in doing this review. What’s happening in the luxury market?  I think the graph shows that upscale people are having the same thoughts as the “common folk”.

If your home is for sale, this should be a wake-up call to make sure your home is in absolute top-notch condition and priced right because your competition is fierce for the much smaller pool of buyers. I could also say that your choice of a Realtor® is very important as well to make sure your home receives the most exposure with the best photos … but then I hope you already know that! :-)

 

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Buyers · Central Ohio · Columbus Ohio · Delaware County · Franklin County · Home prices · Homes · Homes for sale · Housing stats · Powell Ohio · Sellers
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Houses for sale … that are dog-friendly.

September 21, 2008 · 6 Comments

THIS POST IS WRITTEN BY GUEST WRITER … THE MURPH.

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There are DOG HOUSES, then there are HOUSES FOR DOGS. The first kind are dank, cold, uncomfortable fixtures in the backyard. Heaven forbid, I’m not talking about THAT kind of “dog house”. The kind of dog house I’m writing about are the kind that we share with our humans. The warm kind with lots of soft furniture for us to rest.

In February, Mom wrote about homes that might not sell because they are NOT dog friendly. Well, my fellow 4-legged friends need to know about homes that would be great fun for US to live in. So here’s my review of the homes Mom still has for sale that are dog-friendly.

This first home has a yard that a little guy like me or a medium-sized dog would like. (that’s me in the photo) It has a sun room where we would have easy access to the back yard from the kitchen. The sun room would give us a chance to wipe our paws just in case we get them dirty.

If we get too dirty or when it’s time for baths, there’s a big laundry room with a deep sink and counters for drying time.

There’s a chair-height breakfast bar that is the perfect height for begging for human food. After coming in from the cold and after our tummies are full, we can plop down in front of the brick fireplace to warm our toes and chase rabbits in our funny dreams.

If your human likes to take you for long walks or runs, the Antrim Park is a short car-ride down Olentangy River Rd. At this park, you can walk, run or maybe take a swim if you’re so inclined. I’m not too big on that - my legs are too short. Read more of Mom’s stuff on this home.

Calling all goldens, labs, poodles, boxers, and almost any other kid-owning dog … this is YOUR home. There’s a big deck for lounging in the sun. The fenced yard is perfect for playing fetch or Frisbees. No need to worry about the kids running away while you’re babysitting them.

There’s LOTS of dogs in this neighborhood, and they take their humans for walks in the evening, so you’ll have ample opportunity to meet, greet, and sniff.

The upstairs of the home has 4 bedrooms so it will be an easy jaunt during the night to move from one bed to another. That way all your humans will feel privileged to be graced with your presence. Read more of Mom’s stuff on this home.

Big dogs and hunting hounds will be thoroughly entertained in this yard. It has something for everybody … like a Disney World for Dogs! With 3 acres of land, the big guys can run in the flat front yard or get their cardio exercise running up and down the ravines in the back. The hounds can follow their noses to track rabbits and squirrels and what ever else needs investigation.

There’s even a small stream (which sometimes has water) for the water-lovers. It’s the right size of water for guys like me with the short legs - no big waves!

There are 3 decks and 3 patios on all sides of the home, so lounging in the sunshine won’t be a problem. For the senior citizen who may not be as nimble, there are walking trails and steps from the home down to the ravine, making it easier for an older dog to still have fun and recall their sprightly youth.

During the cold weather, there is a wonderful wood stove in the 2-story great room that will toast your tummy in fine order. If your humans allow, there are soft built-in couches close to the stove to enhance your ultimate comfort. Also, there are 5 doors to the outside and numerous dog-height windows, so no matter where you are in the home, you can put your nose prints on some glass. Read more of Mom’s stuff on this home.

Now, go tell your humans you want to check out some homes today … just as soon as you get up from your nap.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Buyers · Central Ohio · Delaware County · Delaware Ohio · Dog Tails · Franklin County · Galena Ohio · Homes · Homes for sale · Worthington Ohio
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Category 1 Hurricane hits Central Ohio

September 17, 2008 · 4 Comments

DAY ONE - Sunday

Well, now central Ohio doesn’t usually get hit with hurricanes. Whenever hurricanes hit Texas, we often get the remnants as heavy rain and some strong winds. Sunday was different. In addition to Ike’s winds, there was a cold front overhead with 110 mph winds. When the two mixed together, we ended up with 75 mph winds that lasted from around 3:00 in the afternoon until around 8:30 in the evening. Nearly 6 hours of that wind force is bound to do quite a bit of damage.

Lots of downed or split trees as the wind often pulled different sides of the trees in opposite directions. My neighbor’s street tree split off a large limb and it is laying in both our yards. Lots of damaged roofs. Cars smashed when trees fell on them. And nearly 500,000 AEP users out of electricity here in central Ohio. Over two million without power in all of Ohio. The governor declared a state of emergency since 84 of the 88 counties were impacted by the storm.

My brand new roof with shingles guaranteed up to 80 mph made it through in good shape. Not so, for many of my neighbors. In addition to losing large sections of shingles, some lost siding and one home behind me had a 20 ft section of gutter banging against the side of the home.

Many were unprepared for the storm as only strong winds were forecast. The Murph and I spent Sunday evening sitting in candlelight while I worked on my laptop for the hour or so that the battery lasted. I plugged my cell into my car to charge it up, but didn’t have any such accessory for the laptop. After checking in with my kids to make sure they were all OK, Murphy and I went to bed since there wasn’t anything else to do.

DAY TWO - Monday

The first thing I needed to do was to check on my listings to make sure they were OK. A couple had trees down but no damage to the homes. None have electricity. Thank goodness it’s not raining so we don’t have to worry about the sump pumps not working and flooding finished basements.

I was most concerned with my Worthington listing since Worthington with all its big old trees was hit pretty hard. On the way to my Worthington listing, I happened to  pass my office manager’s home. A very large neighbor’s tree is now resting on the back of their home. It was awful. Thankfully, they’re OK. My listing was OK … just a lot of debris that will need to be cleaned up.

Getting gas was a challenge. Many stations didn’t have electricity so those that did had lines of cars at the pump. I got into line and was about 3rd from the pump when they ran out of gas. Batteries were in short supply and ice was not to be found. Since we really didn’t have a warning that the winds would be this bad, people simply weren’t prepared.

I purchased an adaptor to recharge my laptop using the power supply in my car. I bought the last battery powered AAA weather alert radio/TV at Radio Shack. Now at least I can listen to something in the dark evenings. I also bought more candles and had to buy another flashlight in order to get DD batteries. At the grocery, I bought food that doesn’t need cooking. Did you realize that a lot of unhealty, but really good food doesn’t need cooking. ;-) Oh, well, I’ll worry about that diet later!

My Worthington office doesn’t have phones or electricity, so I spent a few hours at the Powell office gathering email, and doing necessary computer work for the homes I have in-contract.

AEP has reportedly called back most of the crews they sent to Texas to help out, plus, they’ve requested help from nearby states.

During the early evening hours, instead of listening to the sounds of birds, I heard the humming of generators and the razzey sound of chain saws. Other neighbors were cooking food on the grill to use it up rather than having to throw it out. Still other neighbors were walking their dogs and checking to see how fellow neighbors were coping.

At night, The Murph and I sat by candlelight again, but at least this time I had a radio to listen to. When it came time to go to bed, I noticed that my waterbed was no longer toasty warm. Yes, it’s one of the original kind - don’t laugh - bought back in the mid 80’s. I love my warm, comfortable waterbed but it’s not too comfy when the heater doesn’t HEAT! 

DAY THREE - Tuesday

News reports are saying that my area won’t get electricity restored until Sunday night. We’re hoping that they’re just saying that to prepare us for the worst. The accessory cord I bought for the laptop works fine but still the battery only lasts for a little over an hour. I may end up sitting on a chair in my garage with a cord plugged into the car. Could be a new kind of office.

I don’t have wash ‘n’ wear hair, so yesterday I bought some foam curlers in all sort of pastel colors. When I checked out at the grocery, the cashier looked at the travel pack and asked me what “those things” were. She was young with long straight hair so she wouldn’t understand. ;-) So, today I have a hair-do that LOOKS LIKE it was curled with sponge rollers. Oh well, better than flat hair!

The Worthington office is still without phones or electricity, so I went into the Powell office to handle the work. One thing I noticed was that traffic moved better through the stoplights that DON’T work than through the stoplights that DO work. Some of the agents said they are now staying with relatives who’ve had their electricity restored. There was the usual discussions of how we’re handling inspections without electricty in the home and some were dealing with insurance repair estimates to be held in escrow until after closing.

No matter what our own homes are like, we still need to meet the due dates of contracts.

When I got home in the evening, I had a nice surprise … my neighborhood’s electricty was on. There are now 16,000 homes in Delaware County without power. On the way home, I saw a crew from another state working on a transformer at Home Rd and Liberty Rd. Thank you to whatever state they were from.

DAY FOUR - Wednesday

I’ve been on the phone a lot so far today. People are starting to regain electricity, but still others will have to wait for the weekend. I’ve spoken with a couple agents I’m co-oping with and they either can’t retrieve their email via their broker’s system or they don’t have an office with electricity to get faxes and no fax in their home. We’re trying to work through it though and to stay in communication via our cell phones. One agent I spoke with “forgot” she had a landline she could use when her cell battery died. I did the same thing. We get so accustomed to carrying on our business the “new” way that we forget how to use the “old” way!

Delaware County is now down to 11,000 without power. The treed areas of Worthington are still not projected to have all power restored until Sunday. I spoke with another person in my office who said that in addition to the tree on our manager’s home (which will require a crane), one of the agents has a tree on parts of her home as well.

So far, people are trying to be cooperative and maintain good spirits, but you can tell by their voices that the situation is wearing their nerves a little thin. We are all SO thankful that the weather is cooperating. The mild temps allow us to be comfortable without AC or heat.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Delaware County · Delaware Ohio · Fix-ups · Franklin County · Home selling process · Homes · Powell Ohio · Realtors® · Sellers · Worthington Ohio
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A day in the life of a Realtor®

September 4, 2008 · No Comments

I’m sure people sometimes wonder what a Realtor® does all day long. Many just think all we do is open doors for buyers and then make a whole bunch of money. Yeah, right!

Well, one of the nice things about the job is that everyday is different. There are NO typical days. We may plan a “to do” list in the evening for the next day, only to have the day completely changed due to an early morning email or phone call. Getting a contract in on a listing can change everything, since contracts take priority.

Carole Cohen, Cleveland, wrote about one of her days recently.

Paula Henry, Indianapolis, ask a question about how far Realtors® drive when working with buyers or taking listings. Based on the comments, it seems that agents who work in downtown urban areas seem to drive very little distance from their home. Agents who work in more rural areas must drive far more miles.

Yesterday happened to be the type of day that I refer to as “errand travel” days. Those are the days that I plan to complete several real estate tasks and of course, with the price of gas, I plan my route accordingly. I often refer to driving from one side of southern Delaware County to the other. Well, yesterday I did that PLUS I had to go down the east side of Franklin County as well.


View Larger Map

My day began with a visit to the Verizon store in Lewis Center because a piece broke on my bluetooth headset. Then over to a new development off Maxtown Rd (Westerville) to check the lot location of a spec home. Then to a listing in Galena to put an Open House sign strip on the yard sign. I took the scenic route south to Gahanna (through New Albany) where I had more investigations to do for a buyer client. Then further south to Blacklick to discuss the results of the investigations with the builder’s rep. I’m trying to get a price reduction on a new-build now that the builder has reduced prices on current inventory so I need FACTS.

Received a call that a security system was malfunctioning on a listing - so north to Worthington to look into that problem. The alarm was blaring while the poor showing agent was talking to me. I felt her pain as I did that ONCE. Problem solved, so next stop is to my office in Worthington to make copies of some paperwork for the office files.

Last on the ‘to-do’ list were some personal stops, the most important was to get The Murph more HeartGard medicine at his vet in Powell before they closed at 7:00. Gotta keep the little guy healthy!

Now wasn’t that day about as exciting as watching paint dry! :-) Oh, BTW, I put about 75 miles on the WEENR-mobile and didn’t make $1.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Buyers · Central Ohio · Delaware County · Franklin County · Galena Ohio · Home selling process · Lewis Center Ohio · New home builders · Powell Ohio · Real Living HER · Realtors® · Sellers · Transportation · Worthington Ohio
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It’s Time … Let the battles begin!

August 27, 2008 · 2 Comments

This post is dedicated to my Ann Arbor blogging friend, Missy Caulk. It’s that time of year … the season starts Saturday.

So here’s MY video.

GO BUCKS!

 

And just to show that I’m a good sport … here’s one for Missy.

GO BLUE.

Special tribute to the memory of Woody and Bo … the rivalry hasn’t been the same since.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Columbus Ohio · Franklin County · OSU Buckeyes
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Custom Worthington home is now for sale

August 13, 2008 · No Comments

As promised, my readers are the first to know that this wonderful Worthington home is now available for sale. Make plans to view it because it may not last long.

Built in 1991 by an Amish builder for quality,  you’ll see many examples of this woodworking skill as you view the photos. Enter the 2-story foyer to be greeted with the rich hardwood floors, open staircase, 6-panel doors and crown molding.

To the right is the formal living room with bayed window. To the left is a very large dining room with sconces and spot lights in addition to the chandelier. To the back is a wonderfully warm and friendly kitchen and hearth room. The hearth room features built-in bookcases and bench seating. The log-burning fireplace offers a gas starter for convenience.

The kitchen area is wonderful with many cabinets (and roll-out shelves) plus 2 appliance garages. Off the kitchen is a laundry with cabinets and broom closet. The washer and dryer stay as well. On the short hall to the garage is a coat closet and a large pantry. The exit door leads to a comfortable screened porch with lighted ceiling fan.

Back a long hall from the foyer is the owner’s suite, guest bath and a bedroom that could easily serve as a den. The owner’s suite has a walk-in closet with wood shelving. The bath area has a 2-sink vanity plus a sit-down vanity, a linen closet, shower stall and enclosed commode room.

Upstairs are two large bedrooms with wood seats below the dormer windows. Each room has a skylight. One of the bedrooms has extensive built-in cabinets and a walk-in closet. Most interesting is that each bedroom has a door to large walk-in attic storage areas. The one area is especially large and would seem to be suitable for finishing into an upstairs rec room for a pool table.

The poured wall basement is quite large if the new owner’s would like to finish it. This home also has a security system, irrigation system, central vac and electronic air cleaner.

The Franklin county Auditor records the size at 3501 sq ft, so it’s quite a large home. It’s located on a private cul-de-sac that is convenient to Rt 315 for easy access to OSU, Battelle, Riverside Hospital, or downtown Columbus. It’s been priced below the Worthington market at $329,900, so you better act fast.

Click here for a Google map of the location.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Franklin County · Homes · Homes for sale · Worthington Ohio

Is that housing statistic really correct?

July 31, 2008 · 2 Comments

I received a call from a student doing a research project on “homes for sale around golf courses” in Ohio. She was using Real Living HER’s site to search by subdivision and she had some questions, which I tried to answer.

She had some questions regarding Wedgewood (Powell) and Tartan Fields (Dublin). As I was telling her how to search by subdivision on Real Living’s site, I also explained that she would have to sort through the data because there were other subdivisions starting with the Wedgewood name that weren’t located around the Wedgewood golf course, such as Wedgewood Park and Wedgewood Place. There is Tartan Fields which IS  around the golf course but Tartan West isn’t. Then in New Albany, the main country club has homes in the MLS system coded as New Albany CC or simply NACC. She probably doesn’t know this and thus, will miss all those homes in her statistics, because the computer will only search for whatever name she puts in the search box.

I’m not sure where she lives, or if she even lives in Ohio, but without knowing all the nuances of the area, her data could be pretty flawed. No doubt she’ll face those same issues with other golf course homes when she does this research for the whole state.

Later after our conversation ended, I couldn’t help but think about what she’ll do with this report. I’m sure she’ll think it’s a pretty accurate report and will probably present it as such. I hope she gets an “A”.

However, what she will be doing with her “findings” is similar to what news reporters or real estate ”experts” do with their research. To quote an NAR ad, “they don’t know what they don’t know“. They gather the data, extrapolate from it, make their analysis, then present the material as FACT.

Something similar is occurring with some dot.com search engines that are trying to compete for $$$$ by capitalizing on the real estate market. The main one is, of course, Realtor.com - the granddaddy formed by the NAR, where buyers can search for homes. Two new upstarts are attempting to take over the prime spot. They are Trulia and Zillow. All three are offering ”estimates” of a home’s value. Zillow was the first to come out with their “Zestimate” which was/is so flawed they were sued. Trulia and Realtor.com have followed suit with their own estimates.

They use computers, algorithms, and other geeky stuff, to determine “value”. Unfortunately, just as with the student’s attempt to gather data, computers don’t know the nuances of the local area. For instance, for my own home, Zillow used a recent sale of a home 6 miles away in another town, in another school district, that has 4BR’s up (mine is a 3BR, 1st floor MBR). No real estate agent would EVER use such a home as a comp when advising sellers on how to price their home.

Real estate agents have a saying that ALL REAL ESTATE IS LOCAL. That’s why we keep advising people to really question what the “experts” are quoting as fact, because we’re in the best position to know how WRONG the data really can be.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Delaware County · Dublin Ohio · Franklin County · Golf course communities · Homes · Homes for sale · Internet · Media · Powell Ohio · Realtors® · Wedgewood
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Some homes seem “un-comp-able”

July 27, 2008 · 2 Comments

I doubt that “un-comp-able” is a real word … in fact, I’m almost sure that it’s not. Perhaps, the only people that would understand its meaning are other real estate agents. We’ve all had homes that are so unique that they just don’t compare to any others that are on the market or have been sold recently.

Of course, we all know that the buyer is the REAL PERSON to decide what a home is worth, but in the meantime, the seller must decide on the price at which the home is listed, and they make that decision based on the comps we provide them. When there are no similar homes to compare to, it makes it much tougher for the seller to select a list price.

I’m currently working with some clients who are in the process of preparing their home for sale. They’re doing all the right things, so when we actually put the home on the market mid-August, I “expect” the home to sell rather quickly … IF we put it on the market at a reasonable price. So what should that price be?

The home is an all-brick home in the Worthington school district. It was custom built in 1991 which is “new” by Worthington standards. It’s a reasonably large 4BR home - over 2500 SF - and it has an owner’s suite on the first floor. It’s also located on a quiet, wooded, cul-de-sac street that is quite convenient to Rt 315 for a commute to OSU, Riverside Hospital, Battelle or downtown Columbus.

When I start looking at comps, I first do a broad search. For this home, I started with a search for active listings (our competition) that are over 2400 SF with 4 BR’s, in the Worthington school district. The search came up with 46 active listings priced from the high $200K’s to the $900’s. OK, that won’t work!

Old Worthington Inn

Since Worthington is an “older” suburb, I decided to add “year built” into the search’s criteria. Searching for homes built since 1990, reduced the active listings to only 9 (told you Worthington was “older”). However, because of the mindset of buyers wanting to locate around Worthington, I’m not certain that the age of the home is a major consideration.

Many of the Worthington homes have REAL wood doors, woodwork, floors, custom built-ins and other nifty features that aren’t included in newer built homes except at a high price. This particular home has all those features, plus, a great hearth room off the kitchen with brick fireplace, wood bookshelves, bench seating and hardwood floors. I can just imagine sitting in this room on a cold winter day sipping hot chocolate by the fire. There’s also a screened porch for summer enjoyment overlooking the manicured backyard.

So what price range will I be recommending for the seller? I’m still working on that, but I’m narrowing it down … I think! :-) Stay tuned, as you’ll be the first to know.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Franklin County · Home prices · Home selling process · Homes · Homes for sale · Sellers · Worthington Ohio
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