Top 20 Reasons a Buyer Should Buy a New Home

Happy Home Buyers just built this GORGEOUS home and received numerous BUILDER INCENTIVES too!

Happy Home Buyers just built this GORGEOUS home and received numerous BUILDER INCENTIVES too!

20. Friends, family and co-workers can help

19. No clouds or liens on title

18. Builder has a complete team of professionals

17. Periodic inspections and code checks

16. Frame and final walk through

15. Builders must be licensed, bonded and insured

14. Special financing incentives

13. Possible quicker appreciation over the first five years

12. Special new home neighborhood friendships

11. Hot new trends available

10. Better paints, cabinets and materials for a healthy home

9. Advanced technology and energy saving appliances

8. Superior safety codes and designs

7. Community amenities

6. Renewable energy options like solar

5. New homes cost less to run and maintain

4. More energy efficiency saves thousands over time

3. Everything is new, never used and selected by you

2. Floor plan is designed for your family and your lifestyle

1. It’s fun! You get to design it. And it’s under warranty!

The Demopolis Team works with numerous new home builders, Custom, Semi-Custom and Production and we know how to help you find the right fit for your needs. Call us today to learn more! 614-940-0655

1240 E 24th Ave, New Listing For Sale in Columbus

Ready to move in! Lots of renovations including new kitchen, new bathroom and new floors. Central A/C. Upstairs bedroom.

Real Estate Listing For Sale Central Ohio

1240 E 24th Ave Columbus OH 43211 More Details

1243 Crestview St, New Listing For Sale in Reynoldsburg

Must see this IMMACULATE and well cared for home w/ a large fenced yard featuring a DECK and large YARD BARN! Finished basement w/ family room and den plus an attached garage make it a sure hit. Seller has installed new top of the line windows and remodeled the kitchen to add even more value! All kitchen appliances remain with the home and you receive a home warranty at closing. Ceramic tile flooring, vaulted ceilings, blinds and tons of storage are just a few of the benefits to this move in ready home!

Real Estate Listing For Sale Central Ohio

1243 Crestview St Reynoldsburg OH 43068 More Details

6092 Tournament Dr, New Spec Listing For Sale in Westerville

Welcome home! Own your BRAND NEW home built in Olentangy schools! May be time to still time choose some of your own options. This home features: white trim, dark cherry brown cabinet color, walk in closets, can lighting, hardwood floor, full basement, side load garage-(attached, open 2 car), island, double vanities, 2nd floor master, granite counters, loft, soaking tub & carpet, wood-solid or veneer flooring and is close to Freedom Trail Elementary, Orange Olentangy middle H.S., 71 N, Westerville, close to Home Center or Ohio Health Medical Center, Africa Community & Alum Creek Lake & Dam.

Real Estate Listing For Sale Central Ohio

6092 Tournament Dr Westerville OH 43082 More Details

 

3994 Black Pine Dr, New Spec Listing For Sale in Grove City

Welcome home! Own your BRAND NEW Glenmont floor plan built in Southwestern schools! May be time to still time choose some of your own options. This home features: white trim, black cabinet color, walk in closets, full basement, double vanities, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

3994 Black Pine Dr Grove City OH 43123 More Details

5690 Alliance Way, New Spec Listing For Sale in Columbus

Welcome home! Own your BRAND NEW Reston floor plan built in Hilliard schools! May be time to still time choose some of your own options. This home features: white trim, white cabinet color, walk in closets, double vanities, 1st floor master, loft, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

 

5702 Alliance Way, New Spec Listing For Sale in Columbus

Welcome home! Own your BRAND NEW Reston floor plan built in Hilliard schools! May be time to still time choose some of your own options. This home features: white trim, black cabinet color, walk in closets, vaulted great room, hardwood floor, full basement, double vanities, 1st floor master, loft, soaking tub. This Builder may be offering special incentives or buyer credits.

5702 Alliance Way Columbus OH 43228

 

5832 Trail Creek Dr, New Spec Listing For Sale in Dublin

Welcome home! Own your BRAND NEW Norfolk floor plan built in Colmbus schools! May be time to still time choose some of your own options. This home features: white trim, optional cabinet color, walk in closets, vaulted great room, fireplace, double vanities, 1st floor master, loft, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

 

5976 Deansboro Dr, New Spec Listing For Sale in Westerville

Welcome home! Own your BRAND NEW Oakhurst floor plan built in Columbus schools! May be time to still time choose some of your own options. This home features: white trim, optional cabinet color, walk in closets, full basement, optional fireplace, double vanities, 1st floor master, loft, soaking tub . This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

5976 Deansboro Dr Westerville OH 43081 More Details

7087 Lilly Place, New Spec Listing For Sale in Lewis Center

Welcome home! Own your BRAND NEW Farmington floor plan built in Olentangy schools! May be time to still time choose some of your own options. This home features: Mahogany cabinet color, walk in closets, vaulted great room, hardwood floor, full basement, fireplace, island, double vanities, granite counters, loft, soaking tub & ceramic tile floor and is close to Glen Oak Park. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

 

375 Tipperary Loop, New Spec Listing For Sale in Delaware

Welcome home! Own your BRAND NEW Newburgh floor plan built in Olentangy schools! May be time to still time choose some of your own options. This home features: white trim, dark brown cabinet color, walk in closets, vaulted great room, can lighting, full basement, island, double vanities, loft, soaking tub and is close to highway, Glenross Park, grocery & restaurants. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

375 Tipperary Loop Delaware OH 43015 More Details

231 Harvard Loop, New Listing For Sale in Delaware

Desirable RANCH home with a basement in Delaware with a SUNROOM! Fresh paint, brand new carpet and vinyl too! Large great room with dining area and open kitchen. Front flex room doubles as a dining room or den. Split bedroom plan allows for maximum privacy! 1st floor laundry – so TRUE RANCH living! Full basement is ready to be finished! Great sized yard too!

Real Estate Listing For Sale Central Ohio

231 Harvard Loop Delaware OH 43015 More Details

4281 Bowman Park Ln, New Listing For Sale in Canal Winchester

Fantastic opportunity to own a gorgeous condo home enough to meet all your needs! Located in the Hamptons at Shannon Lake community, this 3 story, 3 bedroom condo has a balcony, proper living and dining room. This Condo is a pleasure to show.

Real Estate Listing For Sale Central Ohio4281 Bowman Park Ln Canal Winchester OH 43110 More Details

7944 Champaign Dr, New Spec Listing For Sale in Blacklick

Welcome home! Own your BRAND NEW Belmont II floor plan built in Asbury Heights! May be time to still time choose some of your own options. This home features: brushed nickel & white trim, your pick of cabinet color, WALK IN CLOSETS, can lighting, hardwood floor, partial basement, fireplace, island, double vanities, loft, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

7944 Champaign Dr Blacklick OH 43004 More Details

231 Park Ridge Ln, New Spec Listing For Sale in Newark

Welcome home! Own your BRAND NEW Bristol floor plan built in Granville schools! May be time to still time choose some of your own options. This home features: brushed nickel & white trim, walk in closets, can lighting, hardwood floor, full basement, fireplace, double vanities, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

231 Park Ridge Ln Newark OH 43055 More Details

635 Riverby Ln, New Listing For Sale in Delaware

Fantastic opportunity to own a gorgeous home large enough to meet all your needs! Located in a No Through Traffic community, this spacious well kept 4 bedroom home is moments from 23 and 315, yet situated off a tree lined, scenic winding road. Complete w/private den, large foyer, proper living and dining room, plus a fantastic kitchen and family room. Fully finished basement with bath too! Seller has upgraded and updated nearly everything for you! From the wood floors to the new carpet, to the paint. Furnished patio just for you overlooking a large yard! Home warranty too!

Real Estate Listing For Sale Central Ohio

635 Riverby Ln Delaware OH 43015 More Details

 

1527 Cottonwood Dr, New Listing For Sale in Lewis Center

WOW! Seller has meticulously maintained and upgraded this 4 bedroom home with a FULL basement and FENCED yard. Step inside the large, tiled foyer and relax in the spacious flex room (complete w/new hardwood flooring!), or head back to the family room/eating area/kitchen for entertaining. The kitchen features granite counters, kitchen island and upgraded appliance package, plus a bay window eating area and ceramic tiled floors. Family room boasts new carpet, cozy fireplace and sliding doors overlooking the HUGE YARD! Once upstairs, you will find 4 large bedrooms, 2 full baths and plenty of storage. Blinds on the windows, hardwood floors and neutral decor as well. This home is a pleasure to show!

Real Estate Listing For Sale Central Ohio

1527 Cottonwood Dr Lewis Center OH 43035 More Details

6321 Marengo St, New Listing For Sale in Canal Winchester

WOW! What a lovely home and it can be all YOURS! Large, open great room flows into the eating space, and the kitchen. All appliances in kitchen stay. Breakfast bar too! 1st floor owner’s suite with private bath and closet. Under the stair storage big enough to house a chest freezer! 1st floor laundry and half bath for guests. At the top of the stairs, you will love the LARGE LOFT, full bath and another bedroom. This home has a great back yard and 2 car garage. Pet free and smoke free, mint condition and move in ready! Living room furniture purchase is negotiable with sale. Home warranty provided by Seller!

Real Estate Listing For Sale Central Ohio

6321 Marengo St Canal Winchester OH 43110 More Details

445 Rolling Acre Dr, New Spec Listing For Sale in Lithopolis

Welcome home! Own your BRAND NEW Home built in Bloom Carroll schools! 9ft ceilings, 42 inch cabinets w/crown molding, upgraded kitchen counter. May be time to still time choose some of your own options. This home features: brushed nickel & white trim, optional cabinet color, walk in closets, can lighting, full basement, island, double vanities, soaking tub and is close to Slate Run, Metro Park, Rickenbacker Airport, Westchester Golf Course. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

445 Rolling Acre Dr Lithopolis OH 43136 More Details

544 Herrogate Sq, New Spec Listing For Sale in Pickerington

Welcome home! Own your BRAND NEW Bristol floor plan built in Preston Trails! Real hardwood floors, new patio, fence-able yard. Just Gorgeous! This home features: rubbed bronze & white trim, mocha cabinet color, walk in closets, can lighting, hardwood floor, partial basement, island, double vanities, loft, soaking tub and is close to Pickerington, Canal Winchester, Groveport. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

544 Herrogate Sq Pickerington OH 43147 More Details

7300 Fallow Trail Dr, New Listing For Sale in Reynoldsburg

Perfection from top to bottom! This lovely 2 story, 4 bedroom home features a professionally finished basement (Sound proof too all courtesy of Owens Corning). Laminate floors on the main floor, formal living room and dining room, as well as a roomy eat in kitchen opening into the family room w/ wood burning fireplace! Large patio, shed, pool and fenced yard! Upstairs you will find 4 bedrooms, with the owner’s room having a vaulted ceiling and large bath w/ soaking tub and a HUGE closet! Poured wall basement also offers a work shop area and crawl space for storage. Since purchasing, the owner has replaced the roof, gutters, hot water tank, added a patio, finished the basement and added the pool. MUST SEE!

Real Estate Listing For Sale Central Ohio

7300 Fallow Trail Dr Reynoldsburg OH 43068 More Details

101 Winners Cir, New Spec Listing For Sale in Ostrander

Welcome home! Own your BRAND NEW Fairmont floor plan built in Meadows of Mill Creek!May be time to still time choose some of your own options. This home features: white trim, 42″ cabinets, walk in closets, vaulted great room, can lighting, hardwood floor, full basement, culde sac lot, fireplace, island, double vanities, granite counters, soaking tub & ceramic tile floor and is close to 33, 36, Marysville, Dublin, Ohio Health. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

101 Winners Cir Ostrander OH 43061 More Details

179 Blakemore Dr, New Spec Listing For Sale in Delaware

plan built in Adalee Park w/Delaware schools! May be time to still time choose some of your own options. This home features: white trim, walk in closets, can lighting, hardwood floor, full basement, fireplace, island, double vanities, granite counters, loft, soaking tub & ceramic tile floor morning room, large corner lot w/huge backyard and is close to 33, 23, 270, 36/37 Ohio Health & Polaris. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

179 Blakemore Dr Delaware OH 43015 More Details

537 Maketewah Dr, New Spec Listing For Sale in Delaware

Welcome home! Own your BRAND NEW Montgomery floor plan built in Olentangy schools! Still time choose some of your own options. This home features: white trim, your pick of cabinet color, walk in closets, can lighting, hardwood floor, full basement, fireplace, island, double vanities, loft, soaking tub and is close to 23, 270, 71, Chase & Polaris. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

537 Maketewah Dr Delaware OH 43015 More Details

304 Gelder Dr, New Spec Listing For Sale in Delaware

Be swept away by the elegance & grace in this brand new home in Olentangy schools. Relax in the morning room & work in the loft. Plenty of room & upgrades. Features oil rubbed bronze fixtures, white trim, hickory cabinet color, walk in closets, 10 ft ceilings, can lighting, full basement, fireplace, island, double vanities, granite counters, loft, soaking tub & optional ceramic tile floor and is close to Polaris, Chase, Olentangy, Delaware, Westerville. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

304 Gelder Dr Delaware OH 43015 More Details

229 Gilead St Lot 20, New Listing For Sale in Cardington

Very well cared for single wide Fairmont mobile home in a park (Or you can move it) 14×70 w/a 10×12 ft awning, 8×10 newer Amish built shed, 10×12 deck, and off street parking pad as well. Private grass/yard behind home that backs up to farm fields. Gardening area area home for flowers or vegetables. Carport covers your parking pad! All overhangs and gutters, vinyl sided and composite shingle roof too! Storm windows, blinds, new Water Tank (2 months old), forced air propane furnace and stove. Large kitchen island and dining space. No school taxes in this town – they are included in your property tax! Lot rent is 210/month and water is metered individually, so no need to pay for other owners water use! Park pays for trash pick up. Did I mention it has central air too? Top Notch Value!

Real Estate Listing For Sale Central Ohio

229 Gilead St Lot 20 Cardington OH 43315 More Details

1748 Keela Dr, New Spec Listing For Sale in Pataskala

Welcome home! Own your BRAND NEW Ranch home built in Southwest Licking schools! May be time to still time choose some of your own options. This home features: white trim, wood cabinet color, hardwood floor, full / partial basement, fireplace, double vanities, 1st floor master, granite counters, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

1748 Keela Dr Pataskala OH 43062 More Details

929 Vanwert Loop, New Spec Listing For Sale in Blacklick

Welcome home! Own your BRAND NEW 2 story home built in Licking Heights schools! May be time to still time choose some of your own options. This home features: white trim, brown cabinet color, walk in closets in master, full basement, island, double vanities, loft, soaking tub & optional ceramic tile floor and is close to Mt Carmel, Limited, 270, 70 & Broad St. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale in Central Ohio

929 Vanwert Loop Blacklick OH 43004 More Details

359-361 Park Blvd, New Listing For Sale in Marion

Fully rented. Leases available for review. Two 2 bedroom units with basement. Great sized yard, off street parking. Vinyl sided and has newer replacement windows.

Real Estate Listing For Sale Central Ohio

359-361 Park Boulevard Marion OH 43302 More Details

July 2014 Newsletter

Newsletter July 2014 - Click here to see a snapshot of both Delaware and Franklin county market numbers!

Michelle and her team were TOP NOTCH!

“Michelle and here team were top notch! Michelle is a real go getter and we couldn’t be happier with our experience.” Happy Seller represented by Michelle Demopolis

Happy 1st Time New Build Home Buyer

I love helping 1st time buyers! (And 2nd time buyers too)……
“Thank you so much for all the time and effort. Everyone at Hallmark Home Mortgage, Dominion Homes, and Keller Williams Consultants Realty has been a pleasure to work with by making our first home buying experience so wonderful and stress free. Thank you all so much again! “

5549 E Walnut St, New Listing For Sale in Westerville

Adorable! Brick home w/ 2 bedrooms and 2 full baths, plus a family room, living room and eat in kitchen. The decor is just darling! Outside, you will find a patio, mature trees, playhouse and an enormous 2 story, 3+ car detached garage. Finish the upstairs of the garage into an art studio or office! The yard for this home is simply perfect! So…. stop in and take a rest in the light, bright and beautiful home in New Albany Schools with a VERY affordable price tag!

Real Estate Listing For Sale Central Ohio

 

1005 Oxford Dr N, New Spec Listing For Sale In Pataskala

Welcome home! Own your BRAND NEW Bristol floor plan built in Southwest Licking schools! May be time to still time choose some of your own options. This home features: white trim, your pick of cabinet color, walk in closets, can lighting, hardwood floor, full basement, fireplace, island, double vanities, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

1005 Oxford Dr N Pataskala OH 43062 More Details

620 Herrogate Sq, New Spec Listing For Sale In Pickerington

Welcome home! Own your BRAND NEW Hampshire floor plan built in Pickerington schools! May be time to still time choose some of your own options. This home features: white trim, your pick of cabinet color, walk in closets, hardwood floor, full basement, fireplace, island, double vanities, loft, soaking tub. This Builder may be offering special incentives or buyer credits.

Real Estate Listing For Sale Central Ohio

620 Herrogate Sq Pickerington OH 43147 More Details

Amazing Experience with The Demopolis Team

“Michelle made the process so easy. Going through a divorce is rough – working with Michelle eased the stress and made me very comfortable moving to a new life!” Elizabeth – Gahanna Buyer

How Much Will I Net After I Sell?

So you have an idea of how much your house may sell for, but you are wondering how much of that amount is yours to keep? Watch this short video for some answers.

What can I have inspected on the home I am purchasing?

So you are thinking about buying a house and you wonder what you can have inspected, how much will it cost and who will perform the inspections? All great questions and very common. Here in Central Ohio, if you are using a Columbus Board of Realtors standard purchase contract, and have requested an inspection time period, you as the buyer are allotted a specific number of days to have the home inspected. Any aspect of the property may be inspected. From the roof to the sewer. From the gas lines to the sink lines. The seller will make reasonable accommodations to allow you and your qualified, licensed, insured and bonded inspector into the property to perform inspections. Once this is completed the inspector should give you a written synopsis of the condition of the item inspected. This report will be necessary should you need to request the seller perform any remedies on the home. A note of interest here, it is also recommended that you contact your insurance agent during this time to confirm insurability of the property. You do not want any surprises popping up a few days before closing.

As always, if you have specific questions please give me, Michelle Demopolis, a call at 614-940-0655.

Your Home in Central Ohio Didn’t Sell? Picking Realtor #2 or #3?

Your house was on the market but didn’t sell. Now What? In this video are a few tips on what to ask the next agent when considering re-listing your home in Central Ohio.

The Demopolis Team has another option for some home owners….. we work with a local new home builder that will actually BUY your existing home when you build a new one with them. They will write you a contract so you know exactly how much you will receive, allow you to live in your home while they build your new one and then you will close on both the same day. That takes all the guess work out of the buying and selling process.

Call Michelle Demopolis at 614-940-0655 for more details.

http://youtu.be/cWD1M2nS8jM

Can I sell before I buy?

Ceiling Fans Can Help Heat Homes, Too

Feeling the breeze from a ceiling fan just may be a step you can take toward greater energy efficiency this winter.

You can save as much as 40 percent on the cost of cooling your home because a fan creates airflow that cools the people in the room, reducing the need for air conditioning, says Leslie Killingsworth, director of purchasing for Progressive Lighting/Lee Lighting stores.

In the winter, she says, ceiling fans recirculate the warm air at the top of the room, which raises the temperature in the living space below (if fans are switched from running counter-clockwise in the summer to running clockwise in the winter). Using ceiling fans can trim heating costs by 10 percent, according to Casablanca Fan Co.

Fans have become an extension of decorative lighting, with people returning to traditional styles with plated finishes or choosing a rustic style for a more casual look, Killingsworth said. Other fans have more natural materials, also fitting with the desire for a greener look and feel in homes.

Ceiling fans with new DC motors (instead of the traditional AC motors) enable homeowners to use less electricity, says Phil Sherer, vice president of sales at Masterpiece Lighting.

Some motors are virtually silent, and since the motors are smaller, the fans are lighter, he says.

Thoughts on Eliminating the Mortgage Interest Tax Deduction

The fate of the mortgage interest tax credit seems to be on everyone’s mind at the moment. I get asked about it pretty much everywhere I go these days, from business meetings to media interviews – even casual discussions at holiday parties. People are afraid of this happening, though not everyone sharing their worries seems to fully grasp what losing this credit might mean beyond what it might cost them personally.
In an attempt to avoid careening off the dreaded fiscal cliff, the government is reconsidering many of the things Americans have traditionally considered sacred – this tax credit being one – and essentially putting them all on the bargaining table. From my perspective, eliminating or dramatically reducing the mortgage interest tax deduction is the exact opposite of what would be best for the economy right now. Though some view this tax credit solely as a benefit for so-called wealthy homeowners, it has become a fundamental economic benefit to homeownership for tens of millions of Americans, and is a crucial component to maintaining stability within the housing market.

How significantly changes to the mortgage interest tax deduction will affect the health of the housing market really depends on how deeply the government decides to cut. If the tax credit is eliminated entirely, the impact on the real estate market could be devastating. Right now, the “move up” market is weak, and people who benefit from the tax credit comprise a good portion of that market. Eliminating the financial benefits of the tax credit, combined with tax hikes likely to be imposed on “wealthy” families may very well drive tens of thousands of potential homebuyers out of the market completely. Without the credit, home prices at the upper end of the market will undoubtedly fall, which will have an effect on pricing throughout the housing ecosystem, depressing prices just when the market is finally beginning to recover from a multi-year downward cycle.

While I doubt we’ll see the tax credit eliminated entirely, it seems likely there will be lower caps imposed on what can be deducted, as well as more stringent limits on what properties and loans a borrower can claim interest credit against. If these changes are significant, I suspect we’ll experience some softening in the market as well as the economy as a whole. After all, a weakened housing market will contribute to adverse conditions in related markets such as construction, building materials, home appliances and the like.

So even if we don’t go over the fiscal cliff, burdening the upper middle class and high-income households in this way can only hurt the real estate market. Considering that it’s been the housing market that’s pulled the U.S. out of virtually every recession since World War II, it seems like we should be shifting our focus to stimulating it in any way we can rather than doing anything that might knock it down. Doing the latter – by way of eliminating the mortgage interest tax credit or otherwise – could very well stall economic recovery. Nobody – regardless of their socio-economic class – wants that.

Buyers Predict Home Prices Will Increase

Nearly three quarters of potential buyers believe home prices will increase in their neighborhood in the next twelve months, twice as many as in the first quarter.

Despite forecasts that prices will increase less in 2013 than this year, buyers are more concerned by rising prices than the overall economy. Thirty-three percent of buyers listed rising prices as a major concern in the fourth quarter, up from just 23 percent in the third quarter. Meanwhile, 22 percent said they were concerned with a weak economy, down from 27 percent in the third quarter.

More Than 70 percent of buyers believe prices will rise next year in their markets. The number of buyers who believe prices are rising shot up even higher in the fourth quarter, although most still expect gains to be modest. Ten percent of respondents expect home prices in their area to “rise a lot” over the next twelve months, the same as last quarter; 61 percent expect prices to “rise a little” an increase of ten percentage points over last quarter. Twenty-one percent expect prices to “stay the same,” 6 percent expect prices to “drop a little,” and less than 1 percent expect prices to “drop a lot.”

A growing number of buyers are planning to buy in order to get out in front of rising prices. Thirty-three percent of respondents indicated rising prices as a motivation for buying now, up from 29 percent in the third quarter and just 19 percent in the first quarter. Not surprisingly, a decreasing number of buyers cited “low home prices” as their reason for buying-just 28 percent in this quarter’s survey, down from 33 percent in the third quarter and 40 percent in the first quarter.

More than half (59 percent) of buyers listed low inventory as their top concern with buying now, consistent with last quarter’s rate. When we asked buyers how low inventory was affecting their home search, nearly half (46 percent) indicated that they have expanded their search to include new areas that they hadn’t previously been considering, while 38% indicated that they would be taking a break until more listings come on the market.

The percentage of buyers who were also potential home sellers roughly doubled, from 8 percent to 16 percent; after years of rising, the percentage of first-time home-buyers actually decreased from 48 percent to 37 percent. Buyers who believe prices will rise over the next 12 months has gone from one in three (34 percent), a minority, to an overwhelming majority, nearly 3 in 4 (71 percent); the number that considered delaying a purchase to see if prices dropped further declined from nearly 1 in 3 (29 percent) to one in 20.

For homebuyers who are not first-timers, we asked if they’re planning to buy a home that is bigger, smaller, or the same size as their current home. The most common response was “much bigger,” at 49 percent. Only 9.6 percent intend to buy a home that is much smaller, while the remaining 41 percent are planning to buy a home that’s the same size but is nicer, more affordable, or in a different location.

Most homebuyers are not very concerned about the Fiscal Cliff and possible changes to the Mortgage Interest Deduction. Although the possible consequences of some of the proposed changes may be large for certain people, only about 5 percent of buyers are seriously concerned and only 23 percent are being more cautious in their home search while they wait to see how things pan out.

 

Holiday Safety for Homeowners

For many homeowners, decorating is one of the most exciting and tradition-driven parts of the holiday season. Lights, candles and other bright decorations can all be great ways to make your home look festive for the holidays, but faulty wires and open flames can quickly lead to disaster if precautions aren’t taken. There are several steps you can take to holiday-proof your house in order to prevent accidents and ensure that your family and home remain safe—and festive—all season long.

Lights and Electricity

Purchase lights and equipment from a reputable vendor and check labels for safety certification. If you’re taking old décor out of storage, inspect all lights and cords for damage before plugging them in. If a string of lights has broken bulbs or exposed wires, throw it out. Invest in a light timer or set a schedule to ensure you never leave lights on too long, and make sure to unplug everything before leaving the house or going to bed. Avoid overloading outlets or extension cords with too many plugs. Not only is this a potential fire hazard, it can cause electrical damage that could leave you with a hefty repair bill.

Trees

If you buy a real tree, be sure to keep it watered at all times. A dry tree will catch fire much faster than a well-hydrated one, and in heated rooms, trees lose water rapidly. For those who prefer artificial trees, make sure to choose one labeled “fire-resistant.” In addition, use non-flammable ornaments and tree trimmings for maximum protection.

Candles

Never leave candles unattended. Keep open flames out of the way, where small children and pets can’t knock them over. Be sure to extinguish candles before leaving the house or going to bed, and take care to ensure that wax drippings don’t damage flooring or furniture.

Outdoors

Test your home’s ground fault circuit interrupters (GFCIs) to make sure they are working properly—they are the first line of defense against electrocution. Ensure that all decorations and extension cords are designed for outdoor use and keep electric objects away from snow and water. Inspect all equipment for damage before use, and take proper safety precautions when using ladders and power tools.

Everything Else

Test all fire and carbon monoxide alarms to make sure they work correctly. If a rogue candle or faulty wiring leads to a fire, you want to be alerted as soon as possible. On a similar note, prepare an emergency plan for fires or other disasters, and make sure your family and house-guests know what to do in the event that something does happen. Keep fabrics and other flammable materials a safe distance (three feet is a good rule of thumb) away from heaters and vents, and consider childproofing electrical outlets.

By following these tips and sharing them, you can ensure a happy, healthy and safe holiday for all.

Real Estate and Insurance: Michelle and Craig Krenzel

Keller Williams Consultants and AKL Insurance Group

Providing championship service and great results.

At the Demopolis Team, we strive to help our clients cover all the bases and partner with winning professionals that provide championship service and great rates. Michelle is pleased to work w/ Craig Krenzel and AKL Insurance Group because they know how to deliver great results. Contact Michelle or Craig today if you have any real estate or insurance questions!

$50.00 Gift Card to D.S.W. !!!!!!

September Contest D.S.W.

Who doesn’t love a new pair of shoes??? For the month of September, we are giving away a $50.00 gift card to D.S.W. to one of our lucky Facebook or Twitter supporters. All you have to do is like and/or follow us and you will be eligible to win. Our Facebook link is http://www.facebook.com/thedemopolisteam and our Twitter handle is @demopolisteam. Remember The Demopolis Team for your Central Ohio real estate needs!!!

Westerville Home For Sale – Video Tour

Beautiful home for sale in Westerville Schools with a delightful backyard – fully fenced, large deck and mature trees await your BBQ’s!

Worried About Financing Options?


The Demopolis Team has just learned of a company that specializes in helping people navigate the negative issues on their credit reports and we are very excited about the options this will open up for people.  Sometimes potential buyers are just told NO, without being told how to turn that no to a YES. Through the help of this company, a specialist will explain everything on the report and prioritize actions for you. While there is not a magic wand to make things go away, a lot of misinformation is often found on credit. You may have options to buy that house you want after all! Call the Demopolis Team today to get more contact information. 740-362-2400, ask for Michelle Demopolis

How do I pick an Agent?

 

I am often asked this question and I am always glad to answer it. The #1 thing is TRUST – you HAVE to be able to trust your Realtor and be honest with them, or they will not be able to help you. Next, they need to be experienced in the area you wish to do business, and they need to have experience with the type of property you are buying or selling.  Please don’t be afraid to ask them questions about their experience and results. Any professional, full time Realtor will now their numbers and be able to answer your questions, or know where to get the answers. Call the Demopolis Team today to get more information. 740-362-2400, ask for Michelle Demopolis.

How much money do I need to buy a house?

 

The lending world continues to change and evolve, and circle back and change it’s mind! From bank to bank, from month to month the options change. At the Demopolis Team, we begin the process with our buyer’s by listening to what their needs are – what are their goals and objectives? Then after that, we can discuss what type of properties may meet these needs.

Many options exist for lending currently – from work equity programs at new builds (where you do work in exchange for the builder paying your down payment), to grant programs and even 100% financing in certain circumstances.

We have many lenders we can put you in touch with to discuss each of these options today! So for further information or to ask any questions, please give us a call at 740-362-2400.

Afraid to list your home because of foreclosures in your neighborhood?

Do not automatically rule out selling your home because of what your neighbors are doing. When it comes to purchasing a bank owned home, a foreclosure, or even a short sale, as compared to a home owned by an owner-occupant, the process is completely different and therefor appeals to different types of buyers. Many buyers are opposed to things such as repairs, dirt and damages that accompany many distressed sales. The other big factor in a buyer’s decision to choose an owner occupant home over a distressed home is time – there is a long process to go through in order to successfully close on a short sale and often times a foreclosed property. In contrast, you may be able to successfully sell and close on your home in 30 days or less. Plus you can present clean carpets and a move in ready home to the new buyers! That has value.

If you would like information about your specific neighborhood and how the distressed market may have affected your home, please give us a call at 740-362-2400.

August Columbus Real Estate News

Real Estate Market Update

FRANKLIN COUNTY

  • 6059 ACTIVE Listings
  • 2751 IN CONTRACT Listings
  • 2561 CLOSED in last 60 days

DELAWARE COUNTY

  • 1160 ACTIVE Listings
  • 542 IN CONTRACT Listings
  • 573 CLOSED in last 60 days

The Demopolis Team

We currently have 19 Properties IN CONTRACT. Your home could be NEXT!

So what do these numbers mean to you…..?

It means that the housing market in Central Ohio has stabilized and there is now a shortage of sellable homes! These are some of the characteristics of a Seller’s market!

We have less than 5 months’ worth of inventory! Now is the time to put your home on the market. Do not wait until the media figures this out, because by then things locally may have changed. The media doesn’t start to talk about things until AFTER they have already happened. Meaning, it is a huge shifting outcome that the media reports on. This means the market has ALREADY happened when they start to discuss it.

Take advantage of this historic time today! Don’t wait for the news to tell you to!

…In Central Ohio, there has not been a better time to sell or buy, at the same time, in years.

  • LOW interest rates means buy more house for a lower payment
  • LOW levels of inventory means less time on the market
  • Many financing options available, even 100% financing
  • New builds available at lower pricing and offering increased incentives
  • Homes on the market are being presented in a clean, crisp staged manner
  • Serious Buyers and Serious Sellers are in the market TODAY!

Michelle Demopolis
740-362-2400

Disclaimer

Items found on this site are for informational purposes only and should not be considered legal advice. You should always seek the help of a licensed professional when in doubt. All information is deemed accurate but not guaranteed. Availability of homes for sale and pricing is subject to change without notice and may change at anytime.Each office is independently owned and operated.