Your Home Newsletter - October 2012




Area Home Sales Statistics for Northern Kentucky and Greater Cincinnati

Northern Kentucky 


September 2011

September 2012

% change

Residences sold




Average price




Median Price




Average days on market









Year to Date 2011

Year to Date 2012

% change

Residences sold




Average price




Median Price




Average days on market






September 2011

September 2012

% change

Residences sold




Average price




Median Price




Average days on market









Year to Date 2011

Year To Date 2012

% change

Residences sold




Average price




Median Price




Average days on market




 If you would like more information about sales in your specific community, send me an email at and let me know how I can help you.


Buy American for Christmas

For those of you who wish to support American businesses this Christmas, I have assembled a list of sites selling various items that are all made in the USA. 


Christmas decorations -

Christmas cookie cutters -

Christmas crafts, handmade soap  - -

Handcrafted candles -

Wind chimes -

Photo blankets -




3.8% Tax Is Not a Real Estate Transfer Tax

Shortly after the federal government enacted sweeping healthcare reform earlier this year, there was considerable concern over a last-minute addition to the legislation: a 3.8 percent tax on investment income of upper-income households to help shore up Medicare. The tax takes effect in 2013.  Among the concerns expressed among consumers and business people, including real estate professionals, both then and today, is that the tax amounts to a transfer tax on real estate. Not true, NAR Director of Tax Policy Linda Goold says.  Here is how it works:

It applies only to the following people: Individuals with adjusted gross income (AGI) above $200,000 or couples filing a joint return with more than $250,000 AGI.

It only applies to the following types of income: Interest, dividends, rents (less expenses), capital gains (less capital losses).

How it is calculated:  The new tax applies to the LESSER of investment income amount or excess of AGI over the $200,000 or $250,000 amount.


To learn more about this tax, please visit this blog entry on the National Associate of Realtors Site: .  To learn whether or not this tax might apply to you, please consult your tax advisor.


Out With The Old

Homeowners depend on their kitchen appliances to run smoothly every day. But when the washing machine begins to overflow and the fridge won’t keep things cold, it might be tempting to replace the machines with newer models. Before shopping around, here are a few tips from retailers Lowe’s and Kellum Appliances to determine whether to repair or replace, keeping in mind age, repair costs and energy efficiency. First check the owner’s manual. If the appliance is relatively new, the warranty should cover the cost of replacement parts. Contact the appliance manufacturer or retailer where the item was purchased. They may be able to diagnose the problem and offer solutions. Next, figure the cost of repair and compare it to the cost of purchasing a new appliance. If the appliance is relatively new, replacing a part may be more practical than buying a new machine. But if the repair cost is more than half of the purchase price, replacement is a better option. Many of today’s models with the ENERGY STAR label are more energy-efficient, so upgrading to a newer model will save more money in the long run. Replacing a dishwasher manufactured before 1994 will save more than 10 gallons of water per cycle and about $30 to $40 per year in utility bills, while ENERGY STAR washers use 37 percent less energy and more than 50 percent less water than standard models. If finances dictate upgrading only one appliance, start with the refrigerator. Because it runs continuously every day, it uses more electricity than other appliances, so a replacement will see immediate savings in utility bills.


Fast Fact

One in five homebuyers spends $10,000 or more on move-related items, such as appliances and home furnishings.


Shaping Up At Home

A home gym may be a practical alternative for people who can’t afford a club membership, are short on time or don’t have access to a health club. With so many types of equipment available, it might be overwhelming to know what to buy for a home gym. These simple steps from Shape Magazine and the American Council on Exercise can guide you in the right direction. Start by finding a location for your home gym. If you don’t have a spare bedroom, basement or back porch, designate a corner of the home, such as the living room. Make the space as light and airy as possible. Natural lighting from windows and doors work best, but if there are few windows, add recessed lighting or a few lamps with soft white bulbs to provide the light you need. Full-length mirrors on one wall can not only make the space appear larger, they can be used to monitor proper form during workouts. Bring in a few plants, such as ferns, spider plants and bamboo palms, to boost oxygen levels and naturally purify the air. Even equipment designed for home use can take more room than you have. Equipment can take up as little as 10 square feet for a bike or 30 square feet for a treadmill, while a multi-station gym may require up to 200 square feet. If the space doesn’t allow for a treadmill and multi-gym, opt for a space-saving rack of dumbbells and several easily storable items such as a jump rope, resistance bands, stability ball and yoga mat. Start by adding a few pieces of equipment and gradually build up the home gym over time. In no time, your body and bank account will thank you.