Category Archives: Selling Real Estate in New Albany

the decluttered master suite in 4267 Vaux Link for sale in New Albany

4 Essential New Albany Home Selling Strategies

When you are selling your home, it takes more than a coat of fresh paint and a newly mowed lawn to attract New Albany home buyers. With a majority of home buyers finding homes for sale online, every detail matters, from the way your home looks on the outside to the way your room looks in a listing photo.

Here are our essential home selling tips, which will help you sell quickly and for more money this spring.

1. Create the Best First Impression

front exterior and curb appeal of 4267 Vaux Link home for sale in New Albany OH

4267 Vaux Link in New Albany. Listing courtesy of Thomas & Company.

How your home looks from the outside can make or break a sale, since buyers tend to think that how your home looks on the outside reflects what it looks like on the inside. The more curb appeal your home has, the more likely it is to sell quickly and garner a higher selling price.

To increase your home’s curb appeal, try:

  • mowing the lawn and edging the yard
  • cleaning the gutters
  • painting the front door
  • setting flowers on either side of the door or walkway

2. Set the Stage for Showings

a decluttered entryway in a New Albany home for sale

This New Albany home features neutral wall colors and furnishings, a crucial aspect of home staging.

The first impression from curb appeal needs to continue when buyers enter your home. Make sure that your home is clean and clutter-free, smells fresh, and looks like new.

Don’t forget to neutralize the interior — home staging is all about eliminating distractions to allow buyers to picture themselves living in your home. You can find more about home staging on our article about preparing your New Albany home to sell.

3. Attract Buyers with Quality Listing Photos

a luxury kitchen in 4267 Vaux Link for sale in New Albany

Home buyers appreciate high-quality photographs when searching for homes online.

Once your home has excellent curb appeal and has been staged well, it’s time to take pictures. With over 75% of home buyers looking at listings online first, it’s not enough to take a picture with your phone. You need to show them every perfect detail with a high-quality photograph.

4. Effectively Market Your Home Online

It’s no longer enough to put a “For Sale” sign in your yard. New Albany home buyers are searching online for homes, and home marketing has shifted to include social media marketing.

If you want to see examples of these homes selling strategies in action, visit the featured listings page.

Real Estate Experience Gets Results

As long-time residents and real estate experts in New Albany, we have earned a reputation for our marketing performance and have created a network of trusted professionals and home buyers to help you get your home sold and looking its best. Let us help you sell your New Albany home for the right price and on your timeline. Contact us today and let’s talk about listing your home.

well-maintained New Albany, OH home with a mown lawn and clear sidewalks

This New Albany Home for Sale Could Be Yours

Spring is almost here, and that means home buying season is coming on strong. But selling your home in New Albany means more than putting a “for sale” sign in your yard to attract potential buyers driving by.

It requires expert home marketing to place your home in the spotlight so that the buyers who are looking for their dream home — your home — can find exactly what they are looking for. Let’s take this home as an example.

5385 Aldie Mill Drive’s Attractive Features

the two-story great room in 5385 Aldie Mill Drive for sale

The home for sale at 5385 Aldie Mill Drive is a stunning house on a large corner lot in New Albany, with 4 bedrooms, 3 full and 1 half bathrooms, and 3,999 square feet used to its full potential. The entire property conveys a sense of timeless elegance, and no detail is overlooked.

Gourmet Kitchen

beautiful, spacious kitchen in a new albany ohio home for sale

One of this house’s best features is the gourmet kitchen, outfitted with the finest details:

  • granite countertops
  • stainless steel appliances
  • spacious center island
  • double-door pantry
  • sunny eating area

These features make the kitchen an ideal centerpiece in the home for cooking meals and hosting get-togethers with friends and family.

This kitchen opens to the 2-story great room (featuring a wall of windows and beautiful fireplace) to give the area great flow, a key feature in an entertaining space.

Impressive Master Suite

tub, double vanities, shower, and spacious areas in 5385 Aldie Mill Drive's master bathroom

The upstairs master bathroom is another key feature in this New Albany home for sale, with a separate tub and spacious countertops giving it the feeling of a private spa rather than a mere bathroom. The master bedroom is equally impressive, with an enormous dream closet you would have to see to believe.

About the Tidewater Neighborhood

well-maintained New Albany, OH home with a mown lawn and clear sidewalks

Neighborhoods and nearby schools matter to New Albany buyers. The Tidewater neighborhood, where 5385 Aldie Mill Drive is located, is a new construction community off Central College Road, a growing area in New Albany, and offers buyers an intimate residential community with homes on wooded lots and close to water features.

But these three key features are not the only reasons that 5385 Aldie Mill Drive is a dream home in New Albany. View the property page to find other stunning home features, a gallery full of large photos, and a map of its location — all of which help New Albany home buyers see why they should request an in-person showing.

The New Albany Home Marketing Experts

You have invested your time, money, and energy into your home in New Albany. Doesn’t it deserve to be in the spotlight?

a New Albany, Ohio home recently sold by Thomas & CompanyWhen it comes time to sell your home, you want to display your home’s best features — like the features from 5385 Aldie Mill Drive — for every New Albany home buyer to see, so you will need to rely on the top Realtors and their superior home marketing to broadcast that your home is for sale and that it is every buyer’s dream home.

We want you to earn top dollar on the sale of your home, which is why we will use our expertise in home marketing and every resource at our disposal to get your home sold. Contact us today at 614.939.1234 to talk about how we can market your home.

Don’t Rely on Zestimates to Determine a Home’s Value

beautiful living room at 3540 Eyre Hall Pass in New Albany

The spring real estate market is in sight and a popular question is “Are Zestimates accurate?” Many potential sellers rely on Zillow to provide a “Zestimate” of their home’s value. Zillow CEO Spencer Rascoff is quoted as saying that the Zestimates are “a good starting point,” but that nationwide Zestimates have a “median error rate” of about 8%. In our opinion, 8% is a big variance. It equals $40,000 on a $500,000 home!

In a non-scientific study of local New Albany home prices vs. their Zillow Zestimates, we found that homes priced under $500,000 had, on average, a 10% variance from their actual sales price, while the New Albany homes that sold above $500,000 had an astonishing 20% discrepency (on average) from their actual sales price.* Those numbers are troubling, and are one of the reasons we don’t ever recommend using Zillow to price your home or to determine a fair price to pay for a home.

The LA Times recently published an article about Zillow Zestimates. You can read the entire article here. http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html

To summarize, Zillow can be a decent place to start when determining a home’s value, but homeowners and home buyers should look to a qualified Realtor for a more accurate valuation. Kate & Tony and Thomas & Company have specialized in residential home sales in New Albany for 19 years. We are happy to assist you with determining a home’s true value as you consider possible moves in 2016! Reach out to us anytime at 614-939-1234 or www.NewAlbanyOhio.com.

Are You Making These Home Staging Mistakes?

properly staged kitchen in New Albany house free of clutterNow that you are selling your New Albany home, you’re making sure that you’re doing whatever is necessary to make it presentable to potential home buyers. You’ve given your floors a vacuuming, dusted the ceiling fans, scrubbed the kitchen counters clean, and even painted your front door a different color.

That’s it, right?

5 Mistakes to Avoid When Staging Your New Albany Home

If you want to sell your home for top dollar, home staging is absolutely essential, especially in the competitive New Albany real estate market. Since over 75% of all home buyers use the Internet to search for a home and rely on images to see what your home looks like, decluttering and depersonalizing are key to getting buyers to want to see your home in person.

Are they going to want to live in your home or want to see someone else’s? Here are five mistakes to avoid when staging your home to sell.

1. Not Creating Any Curb Appeal

First impressions are everything when you are selling your New Albany home. If buyers are not impressed with the outside of your home, they will not even make it to the front door.

New Albany Fenway home with great curb appealMake your home look its best by:

  • powerwashing the driveway
  • cleaning the gutters
  • trimming the bushes
  • polishing the front doorknob

Make sure you take a look at our article “Creating Curb Appeal” on our website for more helpful tips.

2. Keeping Your Personal Photos on the Walls

Buyers want to envision themselves living in your home. They don’t want to feel like intruders. Remove any personal items, including family photos, from your rooms while your home is for sale so that buyers can easily picture themselves living in your home.

3. Ignoring the Minor Repairs

Finger-smudged light switches, weeds in the flower beds, and small nail holes in the walls might not seem like issues to you, but they can be huge turn-offs for a home buyer. Give your home the best first impression by taking care of all the little things. Ask a friend to act like a potential buyer and inspect your home for any minor cosmetic issues, and then fix them.

4. Not Paying Attention to the Carpets

Years of stains and treading on your carpets can cause them to look worn. You can either replace your old carpets or have them professionally deep cleaned, and this will instantly improve the look of your home during staging.

5. Not Relying On Experienced Professionals

Your Realtor should be your primary resource when you are staging your home so that you can attract buyers into your home and eventually sell your home to one. Work with them to see how you can make your home look its best on the market, or ask them for recommendations for professional home stagers.

Rely on Thomas & Company to Sell Your New Albany Home

a New Albany house exterior with "SOLD!" on the imageWe hope you found these home staging tips helpful! Make sure you read our articles about common mistakes to avoid when selling and ways to prepare your home for sale.

If you are planning to sell your New Albany home soon and are looking for helpful tips or even the right real estate agents, our team can give you all the resources you need to sell your home for top dollar and in a short time. Give us a call today at 614.939.1234 and let’s talk about your home selling goals.

Your New Albany Real Estate Report for February

Home Buying 14The month of January was a bit of a mixed bag for the New Albany real estate market, according to the most recent real estate data.

Evidently, according to market data, the median home sales price as well as the total number of home sales decreased, although the average price per square foot as well as the average listing price increased.

If you’re thinking about entering the housing market anytime soon as a buyer or seller, we recommend
That you continue reading to learn more about the current state of the housing market.

What New Albany Buyers and Sellers Should Know

  • Here’s an overview of recent market activity, based on the most recent market data:
  • Currently there are 175 homes for sale on the market, including 35 in some stage of the foreclosure process.
  • Between November and February, the average price per square foot for New Albany homes was $134, down 20.7 percent compared to the same period last year.
  • Also, the median home sales price was $309,950 based on 54 home sales.
  • Compared to a year ago, the median home sales price has decreased 0.3 percent, or $850.
  • And the number of home sales decreased 8.5 percent.
  • During the week ending on Feb. 11, the average listing price was $637,324, up 4.1 percent from the week before.
  • During that previous week, the average listing price was $611,000.
  • Broken down further, the median sales price for a 2-bedroom home was $147,500
  • The median sales price for a 3-bedroom home was $269,000.
  • And the median sales price for a 4-bedroom home was $361,000

We’ll Help You With Your New Albany Real Estate Needs!

Hopefully you found the above information insightful as a potential New Albany home buyer or seller. It’s important to be up to date on recent market activity because it will help inform your decisions as you navigate the market.

For additional insight on what these numbers mean to you as a buyer or seller – or to enlist our help with ensuring a successful outcome on the market, please don’t hesitate to contact us, Kate & Tony Thomas.

We would love the opportunity to assist you with all of your real estate needs in New Albany!

Until next time,

Kate & Tony

Report: Central Ohio Home Sales Dropped, Prices Rose in Late 2014

Home Buying 15The end of 2014 certainly seemed to be a bit of a mixed bag in terms of real estate sales activity in New Albany, according to the latest real estate market report.

Evidently, according to the recent story I was reading, Central Ohio home sales decreased in November even as the price of those homes increased.

This is certainly going to impact both home buyers and home sellers differently so we recommend taking a moment to learn more about these recent trends.

A Brief Overview of the End of Year Sales Activity in New Albany Area

Here are the highlights of the recent report on end-of-year sales activity in the Central Ohio area:

  • During the month, 1,682 Columbus-area homes were sold, which is down 10.9 percent from November 2013, according to the Columbus Realtors trade group.
  • Central Ohio sales in 2014 were down 3 percent from last year’s total, which was the second highest on record.
  • The median sales price of a Central Ohio home was $148,000 in November, 7.1 percent higher than a year earlier.
  • Meanwhile, the median sales price is 5.5 percent higher in the Columbus area.
  • Statewide, home sales decreased 5.1 percent in November when compared to a year earlier.
  • But prices were up 5.7 percent statewide.
  • Real estate experts say that although sales were down when compared to last year, they actually are relatively healthy when compared to historic averages.
  • In fact, demand for homes in Central Ohio is strong, especially given how quickly those homes are selling and how high the list-to-sales ratio is.
  • Homes sold in 2014 in Central Ohio have been listed an average of 67 days, which is much fewer than the 90 to 100 considered normal.
  • What’s more, homes have sold this year for 96.8 percent of their final asking price, which is above the typical 92 to 94 percent.
  • By the end of November, 8,332 homes were for sale in Central Ohio, 13.3 percent less than a year ago.
  • At that sales pace, the homes would take 3.6 months to sell, which is much less than the six-month supply considered a healthy balance between buyers and sellers.
  • The number of homes for sale across the country decreased 6.7 percent in November to 2.09 million, a 5.1-month supply at the current sales pace.

Happy to Help You With Your Next New Albany Real Estate Transaction
For more useful information about recent New Albany real estate trends and how they may impact you as a potential home buyer or seller, please contact us, Kate & Tony Thomas, today.

We would love to assist you by answering any questions you may have as well as providing you with valuable resources.

Until next time,

Kate

Home Prices in New Albany, Nation on the Rise

New Albany home salesNational home prices are beginning to climb in the majority of U.S. cities. And that positive trend is being felt right here on the New Albany, Ohio real estate market!

According to a recent article I was reading, prices for single-family homes increased in 87 percent of U.S. cities during the second quarter of 2013.

Experts are crediting the improvements to the fortification of the housing recovery as well as the competition for a limited number of available properties for sale.

New Albany and National Real Estate Trends

Here’s what else I learned from this recent news article:

  • The median transaction price showed year-over-year increases in 142 of 163 metropolitan areas.
  • A year earlier, 75 percent of regions had gains.
  • At the end of the second quarter, 2.19 million previously owned homes were available for sale, which is 7.6 percent fewer than a year before.
  • The median home sales price for an existing single-family home was $203,500 nationally during the second quarter, up 12 percent from a year before.
  • That was considered the biggest gain since the fourth quarter of 2005.
  • Nationally speaking, the best performing areas were Sacramento and Atlanta, which both saw 39 percent increases in sales prices year-over-year.
  • The housing recovery has been aided by the drop in the unemployment rate, which decreased to 7.4 percent in July from 7.6 percent.
  • Meanwhile, mortgage rates for 30-year loans increased from 3.35 percent in May to 4.4 percent in July.

While rising mortgage rates may cool off the housing market slightly, the majority of the recent activity seems to be encouraging even more home sales and high home prices, including in New Albany. 

This will undoubtedly be welcome news for anyone interested in listing their property on the New Albany real estate market.

List Your New Albany Home with Us Today!

If you’re interested in selling your current New Albany home for sale, then please contact us, Kate & Tony Thomas, today.

We’ll be happy to assist you by offering you valuable home selling advice as well as providing you with a free home evaluation and neighborhood sold report.

Until next time,

Kate & Tony

 

Luxury Home Flipping On the Rise

New Albany home renovationsThere’s a new trend on the national housing market that may even be impacting activity on the New Albany, Ohio real estate market.

Evidently, a recent Reuters article reported that more people are flipping luxury housing.

House flipping entails buying a home, refurbishing it, and selling it at a profit. In the past, this activity has mostly been relegated to the lower priced market but now, it looks like it’s happening on the luxury home market as well.

New Albany Real Estate Trends

According to the recent article was reading, more investors are lending money to flippers on high-end properties.

The article told one man’s story who purchased a California home in December 2012 for $1.5 million. The man invested $600,000 in renovations and now will list the property for $3.295 million.

This is not strictly a California phenomenon either.

According to national statistics, house flipping in the $1 million and up price range rose nearly 40 percent between 2011 and 2013.

Here’s what else the data reveal:

  • Between 2011 and 2012, high-end flipping increased 456 percent in Phoenix (from 27 to 150 properties ); 867 percent in Orlando (from 3 to 29 homes); and 630 percent (from 10 to 73 homes) in Las Vegas.

To be considered a house flip, a home has to be bought and sold within six months.

Experts say that the improved economy is encouraging house flippers to enter the market once more.

That’s because house flipping at such a high price range is more risky than the standard hour flip. Thus, these individuals are looking for more reasons to feel confident than the typical flipper.

Your New Albany Ohio REALTOR

It will be interesting to see just how much this luxury home flipping trend grows and what kind of impact, if any,  it will have on New Albany.

After all, our community is well known for its luxury properties in such communities as:

If you’re interested in investing in a luxury New Albany home anytime soon, please contact us, Kate & Tony Thomas, today.

We’ll be happy to assist you by offering you valuable home buying advice, telling you about available home listingsand providing you with such resources as:

Until next time,

Kate & Tony

Hot Off the Press! First Half Real Estate Recap for New Albany!

As your New Albany real estate advisers, Tony and I thought you might be interested in how our market is faring this year compared to last year. Inventory is down, days on market are declining and prices are heading upward – especially on the 50+ homes sold in June!

Below are the year to date statistics for the communities in New Albany. Without exception, all neighborhoods have seen 2013 prices rise anywhere from $4/square foot to $15/square foot, depending on the community. The average sales price in New Albany school district rose 9% over the same time last year. The number of homes sold through June is flat with last year but I expect that to see this change when the unprecedented 90 homes currently in contract close by summer’s end.

New Albany, OH 2013 Real Estate 1st Half Recap

Neighborhood Active
Listings
In
Contract
Sold
June
 2013
Sold YTD
2013
Sold YTD
2012
Ave
$/Sq Ft
Ave
DOM
The Preserve 3 8 3 20 28 $108 27
Albany Park 4 4 2 8 8 $119 46
Windsor 6 2 3 12 12 $112 37
Hampsted 5 11 12 32 24 $119 29
NA Links 7 11 7 17 22 $117 38
New-CCollege* 8 6 1 8 5 $137 125
NACC < $1M** 37 21 13 39 36 $171 81
NACC > $1M 12 2 3 9 8 $231 69
Tot Plain Local
School District 114 90 51 177 180 $143 64
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve

 

While we haven’t regained all the ground that was lost in the past 5 years, we are well on our way. Real estate trends vary from town to town and neighborhood to neighborhood, but it’s safe to say that all of Central Ohio is following the same trends we are seeing in New Albany.

If you have any questions or want to discuss selling or buying your New Albany home, please don’t hesitate to contact Tony or me. We are always here to serve you!  Happy July!

Kate & Tony

Calling All New Albany, Ohio Home Sellers

New Albany home salesAs more and more home buyers have flocked to the New Albany real estate market in search of their next dream home, available homes for sale have become more and more in demand.

Now, real estate experts all over Central Ohio are calling upon would-be home sellers to list their properties now to capitalize on all of the pent-up demand from home buyers.

At least, that’s the gist of a recent article we read.

New Albany, Ohio Real Estate for Sale

A strange thing is happening on the New Albany real estate market – as well as other markets around the country.

While home sales are up, home listings are actually at their lowest level since 2002.

Thus, real estate analysts everywhere are encouraging home owners to list their property in order to meet a rising demand for properties for sale.

Here’s a breakdown of the current housing market situation in Central Ohio:

  • A little more than 9,000 Central Ohio homes are listed right now, which equates to about a 4.7 month home inventory.
  • Generally speaking, a six-month supply is considered a balanced – and therefore healthy – market.
  • Worthington has a 1.8-month supply
  • Upper Arlington has a 2.2-month supply
  • Beechwold/Clintonville has a 2.7-month supply
  • Grandview Heights has a 2.3-month supply
  • Powell has a 2.6-month supply
  • New Albany has a 4.6 month supply

It’s similar in other markets throughout Central Ohio.

So what exactly is causing the low inventory of available homes for sale?

Experts credit it to a number of reasons:

  •  A sharp increase in home sales has outpaced the number of homes being listed on the market.
  • A large drop in home owners listing their property because they’re wary of not getting a good price for their home. For instance, in the first two months of 2013 – 5,473 central Ohioans listed their home, compared with 8,195 homes that went on the market during the same period in 2006.
  • Home sellers who would have wanted to move up to a bigger home are finding it harder to secure a mortgage because of tighter lending restrictions, so they’re staying put.

But as experts are telling home sellers everywhere, there are some great benefits to be had for those home sellers who enter the market now.

After all, because inventory is so low, home sellers stand to get a great price for their home – perhaps even multiple offers!

Sell Your New Albany, Ohio area home today!

If you would like to list your New Albany home on the market today, please contact us, Kate & Tony Thomas.

As your Central Ohio real estate experts, we’ll be able to get you the results you want on the local housing market by offering unbiased advice and such helpful resources as:

Until next time,

Kate & Tony