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Archive for March, 2008
New Price for this Mid-century Brick Ranch in Arlington Schools
March 28th, 2008 categories: Buying a Home, Local Communities, Real Estate News
Okay, Folks! This incredible custom built ranch home with extraordinary features is conveniently located in Shelbourne Kipling – within easy walking distance to Lane Road Library, Thompson Park, as well as easy access to freeways, dining, shopping, recreation & more! If you’d like to see this impeccably and lovingly maintained home, just give us a call or stop by our Open House this Sunday, March 30, from 2:00pm to 4:00 pm.
Among the numerous high-quality amenities:
- Four Bedrooms
- Two full baths and one half bath
- Situation on a large 115’ x 145’ corner lot on a low traffic street
- New garage door for the two car attached garage
- Fresh paint in many rooms
- New carpeting throughout
- Some new light fixtures
- Full basement
- Electric range, wall oven, dishwasher, refrigerator and microwave included
- Central air and gas forced-air heating
- Upper Arlington Schools
Here, take a look inside see just how remarkable this home is:
The large foyer is inviting and graceful with travertine flooring, a new chandelier and large coat closet. This space is divided into two separate areas, the main entrance and the foyer, which is a great transitional space before entering the main living areas.
The large eat-in kitchen boasts immaculate custom cabinetry and a window over the sink looking out toward the rear patio and backyard. Tons of counter and cabinet space can be found here – in addition to a walk-in pantry. The adjacent eating space has a new chandelier andsliding door access to the rear patio as well as additional storage and counter space.
The amazing family room has a massive stone gas log/woodburning fireplace, thick, custom paneled walls and a sliding door leading to the backyard. The formal dining room has a new chandelier and large window facing the front yard. A sturdy pocket door separates this room from the kitchen, enabling privacy between the two spaces.
The massive formal living room is just off the entry and formal dining room and offers huge windows with a front yard view. What a great space to entertain or stretch out and relax!
Three bedrooms are located on the western side of the home. Now, the expansive owner’s suite has three (yes, you read it correctly) huge closets, new neutral carpeting and access to the large private bath. Two additional bedrooms offer ample closet space in each, pocket entrance doors (thereby saving interior space) and they share a second full-sized bath which can be accessed through the hall. The second full bath has a double-bowl ceramic-topped vanity, a separate vanity space and a shower/tub combination with glass door. A fourth bedroom can be used as a home office or creative space and it is located on the eastern side of the home within close proximity to the large half bath.
A first floor laundry is separated by a pocket door just off the eating space, fourth bedroom and half bath. It also has the entrances to the garage and basement and is large enough to also be utilized as a mudroom. A high quality utility sink with under-cabinet storage offers a convenient area to take care of muddy boots or stubborn stains.
YOWZA! While the wording above describes this home rather well, I can’t really say enough about the solid construction, the custom features, the absolute pristine condition and the soul of the home. This lovely space is ready for you to make your memories here!
Area amenities and websites to check out include:
Upper Arlington Community Website
Upper Arlington Chamber of Commerce
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Selling your home in Columbus…the third time is a charm.
March 27th, 2008 categories: Columbus, Real Estate News
We have all heard that the housing market is tough right now. If for any reason you have not heard this, you should climb out from whatever rock you have been hiding under.
It is true, inventory and average days on market are up, prices are down and the mortgage industry is seeing some long overdue restructuring which is making it tougher for Buyers to obtain financing.
According to the Columbus Board of Realtors, there were 1459 homes sold in Columbus in February which was a 5.8% decline from the same month in 2007. The encouraging news is 1689 homes went under contract in February, up 5.6% from the previous February. The bottom line is that homes are still selling, though it is more critical than ever they be properly prepared for the market and priced appropriately.
If you are currently selling your home or considering a sale, you should know a successful sale will require you to sell your home 3 times. You must “sell” your home to:
- The Buyer
- The Inspector
- The Appraiser
The Buyer
Buyers today have the luxury of choosing between lots of homes. This can be a good thing, but can also lead to indecision and tends to focus Buyers on getting a “deal”. To combat this, be sure your home is in top condition and priced aggressively. Elevate yourself above the clutter of the current market and make it easy for a Buyer to say “yes” to your home.
The Inspector
The Home Inspector is hired by the Buyer to evaluate a home’s condition and to assess the need for future repairs and maintenance. Do not discount the power a Home Inspector holds in affecting a Buyer’s decision to move forward with a home purchase. If you have deferred maintenance, address the issues prior to listing your home. Having a transaction foiled by by poor inspection results can cost you time and money and is largely avoidable by addressing known issues up front.
The Appraiser
The Appraiser is hired by the lender to establish the value of a property. This is done to ensure the bank does not lend more money than the home is worth. With current market conditions and a decline in prices, I would anticipate Appraisals becoming more of a challenge. Historically, if the home was priced within reason in comparison to the recent market, the appraisal process was smooth. Given the recent woes in the mortgage industry one can assume lenders will be more and more cautious about lending. New standards are already in the works to ensure the integrity of the appraisal process.
In closing, do not let this post or the media banter keep you from selling your home. Just be realistic about your expectations, the time it may take to sell and the amount you may settle on. Check out What is your Home worth in today’s market? and What to do if you really want to sell your home for more information and contact us if you have questions or need assistance.
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