Articles and News about Residential Real Estate
As a first time Louisville home buyer you may not know exactly what to expect when it comes to house prices or types of homes. It may come as quite a shock to find out exactly what you can afford and what is out of your price range when you’re just starting out.
On this website, I want to give you great advice on anything and everything that relates to real estate, home improvement, or interior design. Here, I can talk to current real estate agents, other industry professionals, or even someone thinking about entering the business.
Sometimes there is no way to avoid selling vacant Louisville homes. If you have had a sudden job transfer or need to leave the area quickly for one reason or another, your house may have to be vacant while you are trying to sell it.
If you live in an area that receives a lot of large hail during certain storms, your personal property and your home could be damaged during a storm. This is why it might be important for you to do everything you can to understand how the claims process works.
Now that I’ve been in “the biz” for 7 years, I thought I’d try to organize my experience into best practices for real estate agents, in the hopes that… (in my best Meryl Streep voice) if I can help even one of you that it’ll all be worth it!
As you’ll see in the real estate agents’ best practices listed below, staying positive is huge. Never forget to smile! Yeah, I know… I use this stock photo too much.
*giggle*
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In a news release issued this week, Louisville was added back to the NAHB/First American Improving Markets Index (IMI). There are 125 markets on the list.
We may not have the same number of first-time Louisville home buyers as we did when the government was offering incentives but there are still many searching for that first house to call home.
The Louisville real estate market is showing great signs of recovery but we are by no means, “out of the woods.”
According to the Greater Louisville Association of Realtors (GLAR), the percentage of houses sold till now (2012) has grown by 15% and it was exceptionally high in the month of August at 26%. Around 8,504 houses were sold by them in August, which is the largest since 2007 when 10,513 houses were sold by them in that same year.
When you are buying a home in Louisville, part of your thinking will be that you want the best deal possible. The key component of that coming to fruition lies in the art of negotiations.
So, let’s come right out and ask. Where do you look to find Louisville homes for sale? Which website works best for you?
There is a direct link between your credit cards and mortgage in Louisville! You believe me, don’t you? And… it does not have to do with using your credit card with a 30% rate of interest to purchase your new home.
The link between your card and your mortgage lies in your credit rating. If your credit is out of whack, you are not going to be able to qualify for a mortgage. If you want to buy a house and get approved for a home loan you need to make sure that your credit card bill payments reflect responsible credit ownership so that the lenders consider you a good risk.
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According to the most recent Talking Points published by the National Association of Realtors (NAR):
If you’re old enough to remember Lifestyles of the Rich and Famous, then the name Robin Leach might mean something to you.
Every homebuyer should take a final walk-through of their soon-to-be new Louisville property before signing the closing papers. This is done to ensure that there has been no new damage to the property. It’s also to ensure that everything that is supposed to be included as part of the transaction is in the home and has not been removed.
