The housing market is ever changing. Why would the twenty-tens be any different? I’m presenting these tips for millennial home buyers because due to your particular preferences and the speed of our real estate market, home buying today is a bigger challenge than a decade ago.
I hope these six tips will help you going forward. If you have any specific questions, I’m happy to help, please contact me.
Tip #1: Should You Even Buy?
The first tip, and most important, is whether you should even buy a home at all. Some should. Others shouldn’t. How can you tell?
So, you want to know how fast are homes selling in my area? Well, if you live here in Louisville, KY I can tell you. Otherwise, you’ll have to continue searching my friend.
Even better, I will give you more! I won’t just give you an easy-to-find, city wide metric. Nor will I used generalized terms like “blazingly fast” but instead, I’ll give you the up-to-the-minute raw data. Yeah, I’m pretty much a data nerd. 😉
But since I’m a nice nerd, I’ll give you this information first, for free. Secondly, I’ll also give it to you in picture form and then also the raw data. I aim to please.
Now that I’ve been in “the business” for almost a dozen years, I’ve learned a thing or two about what makes the most successful real estate agents. There are other factors as well, but these traits come first.
Get these down and you’re well on your way to real estate success!
Most real estate business is through word of mouth. True story. So, when someone asks their friend, “Do you know a good Realtor?” Only those that had great experiences with their trusted Realtor, will enthusiastically share that agent’s name.
What began as a simple experiment three years ago has now become a yearly obsession! I must complete this year’s version of the Choker’s Index at all costs! You know why? Because I need to be able to identify the teams that will wreck your brackets.
If you’re not familiar with the Choker’s Index, it’s a deep-dive into the data that surrounds which NCAA men’s basketball teams have a historical record of choking the big game and thusly… destroying your bracket. It’s heady stuff.
I hear you cry, “But this isn’t real estate? What’s going on Tre?!?”
During the course of 2016, there were 17,882 properties sold via our MLS system. 15,725 of these were your standard, single-family residences (SRF)… the rest fall under different structural varieties.
Out of this vast array of Louisville real estate properties, just 44 sold for $1,000,000 or more. 34 of these most expensive Louisville homes were SFRs, then 6 farms, 3 condos, and 1 controversial property finally sold via auction.
For this piece, let’s focus on the most incredible homes that traded hands last year. Who’s with me? Want to know which was the most expensive home sold in 2016? Here we go!
Thoughts come to me from all directions. No seriously, out of the ether. They also arrive at all times, even when I’m sleeping. I’ll dream of showing crazy homes to my clients or building a new house with my wife or practically anything.
The other day I thought, “I wonder if the Internet knows where most of the people who are living here in Kentucky came from?”
Sure enough, that information is out there, if you hunt for it.
Never fear, that hasn’t changed. What I’m about to share is what I’ve seen and heard throughout my career. The good news for you is that, once you’ve read this piece, you’ll be armed and dangerous. No more surprises for you, no sir.
Ok people, let’s get real. I write a lot for Insider Louisville, as well as, my own website, Louisville Homes Blog, but those are more manicured civil locales. On this site? Here’s where things get down to the nitty-gritty, as my Grandma used to say. On this blog, I’ll go behind the curtain to show you what’s really happening in the crazy world of real estate. Today, we’re going to cover all those things realtors hate about home buyers.
No holds barred. No rules, just rightTM. With that in mind, let’s jump right in!
Most agents won’t be so open as to share these with you but I feel like you deserve to know the truth. After all, buying a home is a very large decision. I want to know where you are coming from and you should know the same. Let’s make sure we’re on the same page and the entire experience will go much smoother.
Welcome to my third and final piece to the puzzle on the Psychology of Marketing Real Estate. This time we’ll be looking at the “where.” If you missed either of the first two parts, I’ve linked them here:
Where Part 1: Who looked at the people involved in the real estate process and Part 2: What looked at the home itself, today we’re going to focus on the places or locations where the actual marketing will take place. It’s traditionally the kind of real estate promotion that we’re all familiar with.
If you didn’t check out Part 1 in this series—the Psychology of Marketing Real Estate—I encourage you do so. We started with the most important ingredient, people, and now we’re moving on to the physical product itself… the home!
There’s a great deal that goes into a purchase decision involving a new home. First off, it’s one of the largest investments most of us make in our lifetimes. That, by itself, is enough to set many folks trembling.
Yet besides the money, there are a large number of complex emotions that also come into play. As with anything that we humans interact with, things can get complicated quickly.