Articles and News about Residential Real Estate
Mark Twain popularized this famous quote, “There are three kinds of lies: lies, damned lies, and statistics.” By their very nature, numbers can be manipulated to show many results, even opposing ones, and still be factually accurate.
If you are purchasing Louisville real estate, or are putting your property up for sale, you may not understand how square footage is calculated in the home. A real estate agent will be calculating the square footage for you if you’re selling your home, and there are some parts of the house that may not be included in the calculations.
All we hear from news sources these days is the horrible condition of the housing market. They’re not wrong. The number of homes sold so far this year is acres behind 2010 and likely to arrive at 2009 levels.
It’s been widely reported that shady lending practices, greedy borrowers, and a general lack of wisdom (if not sneaky partisan policies) coming from our elected officials is what brought the housing crisis upon us.
I wrote a piece a couple of weeks back called, My Home Is Dropping in Value? In the piece, I pointed to data that showed while the National home value average dropped about 25% since the housing decline, Louisville homes actually gained 1.5%. I think it’s important that people know the truth about their home’s value.
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Most of the time a home sale goes smoothly. The sellers want to sell, the buyers want to buy and a couple of Realtors have helped the process run like a well-oiled machine.
That’s the norm.
Then there are the real estate horror stories.
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Some real estate agents believe that selling a Louisville house with a pool acts as a deterrent to at least 50% of home buyers. While some agents may not agree with this percentage, almost all will agree that selling a home with a pool is harder to sell than one without.
May has disappointed me greatly. I had far greater plans in mind only to see them dashed on the rocks.
There are a myriad of ways to approach a career selling real estate. Many have the perception that it’s a sales job. It is not. It’s a service job. Some don’t understand the difference or are bound by different motivations but in either case, the best Louisville Realtors serve their clients.
The Wall St. Journal doesn’t focus on our local market but the points they make for the country as a whole can be applied to our situation.
With the Derby and Preakness behind us, I thought I’d utilize an appropriate theme in the title. Over on the Louisville Homes Blog (now retired), I’ve been writing consistently on reasons why people should be investing in real estate right now. Whether that’s improving their own home or taking advantage of the current market conditions to improve their portfolio, there’s just too much to like about Louisville real estate right now.
Another month of waiting is behind us. What have we learned? Not much… we’re still waiting.
Posted the other day over on LHB that many (most?) home buyers these days are looking for real estate deals. And, new construction doesn’t fall into that category.
We all have heard that the housing market is “down.” It’s taking longer for people to sell their homes and some just won’t sell at all. (This is primarily true in the higher price ranges.) While this is tremendous news for Louisville home buyers, sellers continue to have a difficult time.
