Two Beer Festivals in the Cincinnati Area this Weekend

April 24, 2015 at 4:00 pm
April 24, 2015 |

Image from Listermannbrewing.com

This weekend, not one but two beer festivals will make their way to the Greater Cincinnati area. Listermann Brewing company will be hosting its annual StarkBier Fest and Lebanon Ohio will be hosting their Brewhaha event which proceeds benefit the Lebanon Symphony Orchestra, Chorus and Youth Orchestra.

StarkBier Fest is set to be a celebration of ’stark’ beers, a strong German beer which originates from monks who use to need to brew the beers strongly for high nutritional value. This year’s festival will feature 20 different Breweries with one beer on tap each. This is a record turn out for the festival which will also feature live music and food trucks. The festival will run Friday 5pm-midnight and Saturday noon-11pm at the Listermann Brewing Company building in Evanston, Ohio by Xavier Unviersity. Samples will be $2 and pints $5.

Lebanon Brewhaha combines both quality brews with exceptional laughs. Twelve breweries are participating in the festival each bringing two beers for the tap. The festival will feature entertainment from a variety of comedians including a juggling comedy act by Ivan Percel of ‘America’s Got Talent’. Food trucks will be available on the premise. A home brewing demonstration and silent auction will also take place at the event. General admission runs at $45 with proceeds benefiting the Orchestra. Tickets include: souvenir tasting glass, nine tasting tickets (four-ounce pours) and two pint tickets, plus entertainment. Additional packages include VIP, designated driver, and just comedy show tickets as well.The event begins at 5pm on Saturday at the Warren County Fair Grounds.

Cincinnati is a city that celebrates its breweries. Supporting local brewers is a delicious way to encourage business growth and development in the area. Get out and enjoy a few beers and a couple of laughs this weekend.

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Claire Paschen, Communications Intern

Information from: http://www.cincinnati.com/story/entertainment/2015/04/23/double-beer-fests-weekend/26178379/

Underground Tunnel Festival will Return to Cincinnati

April 17, 2015 at 3:21 pm
April 17, 2015 |

Image from: youtube.com

Cincinnati will host the second annual Ubahn Fest, an underground music festival in the tunnel of Cincinnati’s Riverfront Transit Center. The festival will be in the fall, running from October 16-17th at 7pm-2am.

The festival name celebrates Cincinnati’s connection to its German Heritage, Ubahn meaning train station in German. The festival will host local and regional talent in the stylings of Hip Hop and EDM (Electric Dance Music).

Tickets go on sale Thursday for $10 a night or $15 for both evenings. There is also a $100 V.I.P. package that includes entry for both days and entrance to special areas of the festival. Ticket prices will increase beginning May 10th.

For more information visit: http://www.ubahnfest.com/#title

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Claire Paschen, Communications Intern

Information from: http://www.cincinnati.com/story/entertainment/2015/04/16/ubahn-fest-will-return-cincys-underground-tunnel/25882877/

Greater Cincinnati Make-A-Wish Receives Donation of Over 1 Million Frequent Flyer Miles

April 15, 2015 at 10:51 am
April 15, 2015 |

Image from: wlwt.com

The Greater Cincinnati community has come together to donate their frequent flyer miles to the 190 local children awaiting their Make-A-Wish to come true. By collecting a minimum donation of 1,000 miles for  Delta and 500 miles United Airline from various residents around the community, over 1.76 million miles were collected.

With 75% of all Make-A-Wish trips requiring travel, having the miles, which do not expire, will greatly assist the ability for the organization to grant more children’s wishes. The miles can be grouped together to ensure that the children and their families are able to successfully reach their destination.

For more information on how you can help the Greater Cincinnati Make-A-Wish or where you can donate your own frequent flyer miles, visit http://oki.wish.org/ or call (513) 745-9474.

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Claire Paschen, Communications Intern

Information and image taken from: www.wlwt.com/news/wishes-in-flight-program-to-help-make-sick-childrens-wishes-come-true/32350866

Cincinnati to Host New James Franco Film

April 13, 2015 at 4:38 pm
April 13, 2015 |

Image from: Cincinnati.com

Cincinnati Film Commission announced Monday that actor James Franco’s next film ‘Goat’ will be shot in the city. Franco is a producer with Rabbit Bandini Productions and will be connecting with Killer Film Productions for the movie. This is not Killer Films first time in Cincinnati, in 2014 ‘Carol’ with Kate Blanchett and ‘The Blunderer’ were both shot in the area.

The film will be about a 19 year old boy joining a fraternity and experiencing hazing rituals along the way. The film will star Emile Hirsch who was the lead in 2007’s ‘Into the Wild’ and will be co-produced by Franco.

Production offices have already begun to set up and filming is set to begin on May 4th.

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Written By Claire Paschen, Communications Intern

Information taken from: http://www.cincinnati.com/story/life/2015/04/17/commission-announces-second-cincinnati-movie-project/25961579/

Downtown Residential Real Estate On the Rise

April 9, 2015 at 1:14 pm
April 9, 2015 |

Image From: www.burke.com

Since 2004, the amount of people living in downtown Cincinnati has more than doubled from 6,962 to 15,500 residents. With crime down 15 percent and 50 new retailers opening their doors in 2014 alone, it is no wonder that residential real estate values are also on the rise.

According to Cincinnati.com, “In 2014, the average cost for a residential home in the Central Business District had climbed to $675,000 – a significant increase from past years. In OTR, residential prices have risen steadily, with the average cost of a condo at $250,000 – up from just under $200,000 four years ago. In 2010, just over 40 condos sold in OTR. This year, that number has risen to 93.”

One may ask what has caused the change. Perceptions of downtown are better than ever before. People are less afraid of crime because crime has dropped significantly. People are pleased with their city and the growth efforts it has been taking in the past few years.

According to Cincinnati.com, DCI’s 2014 perception polling show that 74 percent of Downtown residents and visitors felt Cincinnati was clean, 70 percent felt it was safe and 86 percent were likely to take an out-of-town guest Downtown to visit.

With improvements such as the Red Bikes, the Street Car, and the efforts put into updating OTR, people are noticing changes and wanting to be apart of them. The demographics of who is moving to the area are also changing showing a shift in the type of resident.

According to the DCI, just a year ago, the average age of Downtown residents was 32.5. Now that number is 38, and though 75 percent are single professionals. The city is no longer just a place people want to work, it is becoming a hub for night life, better dining, and overall feel of what it means to be downtown.

According to a post by Fortune Magazine “One of the big stories of the past few years has been the striking resurgence of cities, with Cincinnati ranked as one of the Top Five Up-and-Coming Downtowns.”

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Claire Paschen, Communications Intern

Information from: http://www.cincinnati.com/story/news/2015/04/08/downtown-residential-retail-surges/25490513/

Will Million Dollar Homes Make Their Way to OTR?

April 8, 2015 at 10:44 am
April 8, 2015 |

Taken From: Urbancincy.com

If someone were to say that OTR would become an area filled with million dollar real estate a few years ago, no one would believe it. However, as the city continues working on improvements and more luxury condos make their way to the area, the once economically depleted part of the city is seeing a revival.

Recently Bob Castellini, owner of the Cincinnati Reds and overall business mogul, spoke at the Over-The-Rhine Chamber’s annual Star Luncheon at the Music Hall about the developments in the neighborhood and the overall progress it has gone through in just a few short years.

“Over-the-Rhine at the beginning of the 21st century was one of the most economically depressed areas in the country,” Castellini said. “It had a poverty rate of 58 percent, an unemployment rate of 25 percent, and the median household income was $10,000.”

Last year, Cincinnati Center City Development Corp’s Mercer Commons condominiums sold for $400,000. Local real estate professionals say this is just the beginning of pricer sales to come which is saying a lot for this once shady neighborhood.

“When you think about it, it’s unbelievable,” Castellini said. “It’s a safer more secure neighborhood and (the) reclamation of Cincinnati’s history before it was lost to decay and neglect and the wrecking ball.”

The sky is the limit for groups like 3CDC, who last year alone helped restore 132 buildings, dozens of new residences, nearly 1,000 parking spaces and will be responsible for creating 320 shelter beds as part of the Homeless to Homes initiative. Cincinnati is ready to reclaim downtown and make OTR a vibrant and welcoming location to all who live, work, or visit.

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Claire Paschen, Communications Intern

Information From: http://www.cincinnati.com/story/news/2015/04/07/castellini-million-dollar-homes-otrs-future/25429065/

OTR Business Owner Fights to Reopen Emery Theater

April 1, 2015 at 11:09 am
April 1, 2015 |

Image Taken From: Starfire.com

Since its close in 1999, much discussion on what to do with the Emery Theater. A staple of the Over-The-Rhine section of downtown since 1911, the theater has been in the middle of a legal battle involving the University of Cincinnati, the current owners of the building and Requiem Group that will ultimately result in who will take possession.

Dan McCabe, a partner of the popular MOTR night club and Woodward Theater operator, hopes to find am investor that will enable him to reopen the theater. If successful, McCabe would implement a for-profit business model that would involve hiring talent acts to generate seat sales. His model would have the theater opening with 1,200 of the 1,600 seats, leaving 400 to be renovated as funds comein.

McCabe’s business plan was not originally selected by the Emery. The theater went with the not for profit plan presented by Requiem Group. However, in 2013, the Emery terminated its agreement with Requiem Group which resulted in a lawsuit from the operators of the company. Plenty of buzz about whether the University of Cincinnati has been illegally negotiating with the Emery has also recently presented itself, causing some to wonder who is telling the truth.

McCabe hopes to be able to continue to expand his business endeavors and help push OTR forward along the way. He is also considering developing a nonprofit group with MOTR for the redevelopment effort. McCabe fell in love with the Emery Theater when he became part of its board in 2007. He hosted a sold out MidPoint Music Festival stage there in 2012 and can see the potential in the location, now he just needs the investors to do the same.

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Claire Paschen, Communications Intern

Information From: http://www.cincinnati.com/story/money/2015/03/31/motr-wants-emery-theater/70740662/

NAR’s Existing Home Sales Report

March 30, 2015 at 3:34 pm
March 30, 2015 |

Content from: KeepingCurrentMatters.com

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Selling Your Home: The Legal Checklist

March 25, 2015 at 11:13 am
March 25, 2015 |

All content and images taken from: zillow.com/blog

shutterstock_261953522

If you’re thinking it’s time to sell your home, there are a few legal issues to consider before posting that “For Sale” sign. Whether you are parting ways with your spouse, planning to upgrade or downsize, or selling out of financial necessity, you should protect yourself from pitfalls awaiting the unsavvy seller.

Here are four steps you can take to avoid common issues that pop up during the residential home selling process.

Resolve debts, encumbrances and liens

If your property has incurred any sort of debt, encumbrance or lien, you will need to take care of this prior to settling with your buyer. This obstacle can arise in any number of ways, including through:

Federal, state or local tax liens

Civil court judgments

Child support or spousal support missed payments

General unpaid debts

Failure to pay homeowners association dues

Of course, the outstanding amount will vary greatly from homeowner to homeowner, but one thing is certain: The lienholder will get paid.

If you are facing a major tax lien or civil judgment attached to your property, selling your home will not get you out of trouble, especially if you try to hide the debt or defraud the buyer. The lien will, without question, appear on a title search ordered by the buyer and will become a deduction from your sale proceeds on the day of closing.

Get joint tenants on the same page

The ownership structure of your property may impact your ability to sell, especially if you inherited the property with several family members as joint tenants. If this is your situation, your options for selling the property are limited.

You can either gather consent from all owners or try to divide the property in your state’s court of equity, which is usually a lengthy, expensive and highly combative process. In other words, before you attempt to sell jointly owned property, you need to get everyone on the same page and agree on how to split the net proceeds after the sale.

The same holds true if you and your spouse are going through a divorce and have mutually decided to sell the marital home. If the property was owned through joint tenancy or tenancy by the entirety, both owners will need to sign the transfer deed over to the new buyers and agree to split the proceeds accordingly. Trying to sell the house out from under your ex probably won’t work, and you could face serious fraud consequences for trying it.

Draft a home sale agreement, if needed

While other countries have set up laws granting property and ownership rights to unmarried domestic partners, the vast majority of U.S. jurisdictions have yet to catch on to this trend — much to the dismay of domestic partners seeking to sell their home or purchase property.

One of the best ways to ensure the process goes smoothly is to encourage open communication and clearly set contract terms that determine the profit division after the sale, especially if one partner is not on the deed.

Prior to engaging real estate professionals, sit down with your partner and go over the current financials of the property, including outstanding mortgage debt, asking price and your agreed-upon bottom line offer threshold.

From there, discuss the ownership expectations of both parties: Is it 50/50? 40/60? 25/75? This conversation may feel awkward at first, but it is the best way to protect each party’s investment in the property, which includes payment toward the mortgage, improvements, sweat equity and upkeep.

Once these issues are decided, have an experienced real estate attorney draft a home sale agreement that sets forth the allocation of proceeds upon sale, the responsibilities of each party with regard to debts or encumbrances, and any other terms agreed upon between you and your partner.

With this agreement in place, you are both protected from the pitfalls of litigation in the event the relationship — or the deal — crashes and burns. Otherwise, the court will only be able to help the party named on the deed as the owner.

Gather important documents

Finally, as you prepare for the sale of your home, it helps to compile all the important documents related to the value of the property, such as:

Deed

Evidence of encumbrances, liens, judgments, etc.

Surveys

Appraisals

Documentation of major repairs, damage or improvements

Any agreements made between tenants or co-habiting partners

Comparable sales in the area (if available)

Any agreements made between you as the seller and your real estate agent (if applicable)

Copies of restrictive covenants imposed upon the community, as this information will be highly relevant to prospective buyers

Comey & Shepherd Realtors | Cincinnati Real Estate Blog | Cincinnati Real Estate | Comey Blog

Preparing Your Home for a Spring Sale

March 23, 2015 at 3:33 pm
March 23, 2015 |
Content and Images taken from: zillowblog.com
exterior

Selling a home doesn’t happen overnight. To maximize your sale price, stand out from the competition and sell quickly, your home needs to go on the market in tip-top condition.

Prepping the home rarely happens in one weekend. It takes time and thoughtful planning. If you intend to sell your home this spring, here are a few steps you need to take now.

Have your home inspected

It may seem counterintuitive to spend money on a property inspection, but you need to know about your home’s condition. If there are issues — big or small — you need to address, it is better to know about them early so you can either remedy them prior to going to market or account for them with a lower listing price.

The last thing you want is for the buyer to uncover flaws once they are under contract. You will get stuck paying more under those circumstances than it would cost you to address the issues now.

Stash your stuff

As you prepare to sell, think of your home as an investment and start to see it through the eyes of potential buyers and the market. When you’re trying to sell your home, the less-is-more approach applies.

Put away big furniture and personal items. Store or put away all the things you won’t be using until you move into your new home. In the kitchen, make space in the cabinets for items you will need to use daily, but will want to put away for showings.

Paint, clean and make small improvements

It’s common for sellers to make cosmetic improvements before they list. Kitchens and bathrooms sell your home. Plan to have the bathroom grout cleaned and have some parts of the house painted to give it a fresh look.

Consider cleaning rugs, refinishing hardwood floors or painting kitchen cabinets. If you plan to list in the spring, you likely have a good local real estate agent on your side by now. Get their advice and ask for referrals to do the work. There are lots of inexpensive contractors who can help spruce up your home quickly.

Research like a buyer

Today’s buyers have research in their DNA and will investigate all they can. Check with your local building department and ensure there are no outstanding issues with your home.

Verify that property records reflect your home accurately, and prepare to remedy any discrepancy. Make sure your title report is clean, and talk about potential disclosure items with your agent. Banks won’t lend if there are outstanding issues, and you don’t want to jump through hoops at the eleventh hour. Researching now will keep you one step ahead of the buyers.

The sale of your home is likely one of your biggest financial transactions. Get a real estate agent on your team early, and make a list of all the tasks you need to complete before listing this spring. Now is the time to have those discussions. Smart planning and a good strategy will ensure a quick, painless and profitable home sale.

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