Real estate can be a tricky thing. There aren’t any classes about it in most schools but it’s something most Americans are interested in. In fact, 84% of Americans see home ownership as a good investment even though the percentage of ownership has been declining since 2005. So how is building a house different than buying an existing home?
When something is as big as “buying a house” you don’t want to mess it up. There are a good number of snags that could really haunt you for years to come.
What about building a house? Isn’t that more straight-forward? After all, the builder is going to make it brand new. What could go wrong?
Well, what if I said, “It costs you nothing to have a Realtor.” Yes, that’s true. Whether you’re buying an existing home or building a house, buyers never pay commissions. Those are paid by the seller or the builder. It’s just the way it is.
Moving is a big deal. Moving to a new state is an even bigger deal! Relocating to Kentucky doesn’t have to be a major problem. With some great advice and proper planning, your move to Kentucky could be the best thing that ever happened to you!
First, I’ve recently updated my Top 10 Tips for Relocating to Louisville. If you’re moving to Louisville, Kentucky, great! I’m always happy to help. Looking at another city in Kentucky? Just let me know, I might know a great agent who’s an expert in that city.
This article isn’t about specific tips about relocating, like the one linked above. It’s about the bigger picture. It’s about why relocating to Kentucky is a wonderful thing. Once you’ve read it, I believe you’ll feel the same thing.
Spring is a great time of the year. If you’re a homeowner, you already know that there will be some jobs waiting for you once the harsh Winter weather is past.
These “jobs” are very important. Some are simply maintenance that you’ve always known your home needs. Some up updates or home improvement projects that fit nicely in the Spring season. Either way, you’ll be glad you took the time and money to tackle than to protect or even enhance the value of your most valuable investment—your home.
As we leave colder temps in the rear-view mirror, here are the top five spring home improvement projects that will help you and your home.
It’s that time again! Each year I track the most expensive homes in Louisville Kentucky. These are homes that are sold, not houses that have stayed with their current owners. If that were the case, it’d be the same homes each time and that’s no fun.
Last year we saw properties from the $1.32 million house on Belknap Beach Road all the way up to the 170 acres tract of land that sold for $2,150,000. I’m wondering if we should include land in our survey. What do you think? No? Ok, sounds good.
Going forward, no land, only the cream of the crop, most expensive houses… wait, what about condos? I mean, if one of these penthouse apartments in Waterfront Park Place or The George sold for more than a million, we’d want to see that, right? Yes? Great! I love that we’re all on the same page.
It started out as a simple experiment. Which NCAA men’s basketball teams historically choked the most. It has now become a yearly obsession. Picking March Madness brackets is now an annual ritual—one that comes with fierce emotions. These emotions strongly pull most fans to move their team forward in the tournament while X’ing off the teams they hate.
Don’t let emotions rule you. You’re better than that! Use data instead.
With that in mind, I present the 2018 Edition of the Choker’s Index. What is the Choker’s Index you say? Well, I’m glad you asked.
The Choker’s Index began in 2013. Each year after I added a bit more. Last year I published this piece right here on TrePryor.com, even though college basketball is a far cry from Louisville real estate. I say, “Adios!” to convention.
This year, I’ve updated all the data that stretches back to the beginning of the expanded NCAA field in 1985. Here are the criteria:
I’m only looking at schools who’ve made the tournament at least 15 years. Here are the 11 teams I added this year: Georgia Tech, Iowa, Iowa State, LSU, Marquette, N. Carolina State, Stanford, Utah, Virginia, W. Virginia and Wake Forest.
The Index is weighted. Opening rounds games count the most, and as the tournament progresses, the factor is reduced slightly each round.
When you are a higher seed and lose that’s the only thing that matters. Losing to a better team doesn’t affect the team’s Choker’s Index.
The bigger the defeat, the more it costs you! If you’re the #1 seed and you fall to the #2 in the fourth round, that only costs you a half-point. No biggie. But when the #15 knocks out the #2 in the opening round, that’s 13 points!
Biggest Upsets in NCAA Tournament History
Speaking of which, here are the biggest upsets (choke jobs) in the history of the NCAA Tournament! I’ve linked up some video highlights on those game scores. Enjoy!
So before we get to the updated index, let’s see who laid down last year. Who wet the bed? Which teams simply laid an egg?
As it turns out, 2017 wasn’t a big year for upsets with just 7. Seeds held strong, even though all the experts thought the tournament was wide open. Go figure.
But here’s who did choke last year:
Arizona (2) lost to Xavier (11) in the third round: -6
Villanova (1) lost to Wisconsin (8) in the second round: -5.9
Maryland (6) lost to Xavier (11) in the first round: -5
Duke (2) lost to S. Carolina (7) in the second round: -4.2
Louisville (2) lost to Michigan (7) in the second round: -4.2
Florida (4) lost to Wisconsin (8) in the third round: -2
Kansas (1) lost to Oregon (3) in the fourth round: -1
Putting all those together only results in a Choker Index of 28.3 for the year. Lame! It’s just a little better than the lowest year on record—a -19.2 index points in 2007.
We want more upsets. How about this year we see another year like 2001 where the index sky-rocketed up to 78.12! Let’s go underdogs.
The 2018 Choker’s Index
Ok, enough of the preliminaries, let’s get the chart so you can know who not to select when you pick March Madness brackets this year. This year I kept the negative sign so that we can better see that it’s a problem a large number next to your favorite team’s name. The Choker’s Index is the average
So we see some newcomers rise to the top of the list. Last year’s report went Missouri, Notre Dame and then UCLA. Now we’ve got Iowa State, Missouri, and West Virginia. It’s crazy because West Virginia doesn’t choke often, just 20% of the time but when they do… look out!
The inverse is Iowa State who only choked 3 games out of their 18 tournament appearances but 2 of those were massive choke jobs.
The average Choker’s Index for all the of teams in this report is -4.07, which is where the red line lives.
It’s really up to you whether to devalue teams that choke more often or those that perform the biggest chokes.
Average Number of Upsets Per Year: 8.82
Biggest Upset Year: 2006 (17 Upsets)
Average Choker Index Total Per Year: 34.22
Largest Choker Index Total: 2001 (78.12 Choker Index Points)
So there you have it. Go forth and win your bracket contest!
Are you a first-time home buyer and you don’t know what to do first? Relax, you’re not alone. You’ve come to the right place. Here are five tips that will help in Best Realtor for First Time Home Buyer.
Every person is different. Just like every house is different. Agents are the same way. There are some great ones, some terrible ones and a whole bunch of average ones in the middle.
Buying a home can be a tricky situation so don’t try to go it alone. Far better to find an awesome agent who’ll be your on your side throughout the entire process. Don’t worry, with the right Realtor, buying your first time can actually be a great experience.
Let’s dig right in!
#1 The Best Realtors Are Great Teachers
This is especially important for first-time home buyers. First time out, everything is new! At this point, you don’t even know what it is that you don’t know.
Some agents have some excellent experience but when the time comes to communicate that real estate knowledge to their clients, they fall down. It takes a great teacher to share their expert understanding with their buyer clients in a way that they understand and can use.
In the end, the client is the one making the decisions so you need to understand how all the variables work. Top agents teach their clients everything they need to know.
A friend of mine shared this story about how California home prices are hitting their highest point recently. As I was reading, I thought, “Yeah, so have we here in Louisville.” Immediately, my next thought was, “I wonder how Louisville Home Values match up?”
Well… that’s the easy part.
First, I grabbed the chart from the California story.
Louisville Home Values: 2007-2017
Then, I went to collect all the same data for Louisville, Kentucky. Going a step further, I wanted to see both Average Home Sale Prices, as well as, Median Home Prices. Why not, right?
Almost everyone knows that more home buyers are out during the Summer. It’s the peak season! The weather is warm. Kids are out of school for a couple of months so it makes sense to make a move during this time. But what about selling your home in Winter? If it’s necessary, what’s the best way to handle it?
This article gives you the top six strategies to sell your home this Winter. Take it from Louisville’s real estate expert, these are the big ones.
Let’s dig right in!
#1 Price at Fair Market Value
It’s always important to price the home appropriately at the very beginning of the listing period. This is even more important during Winter!
It’s no secret I’m a numbers geek. I believe if done correctly, stats tell us a great deal. So, I was quite surprised to see these results. Afer I collected all the data to determine the best month to sell your house I was blown away. Curious?
Ok, before we jump right in. A few things I’ve learned about home prices in my real estate career.
Back in 2006, I knew more homes sold during the Summer months but I thought home prices moved ever so slowly higher, month after month after month. That’s wrong. That’s very wrong.
By 2008, I now understood that these Summer months also returned greater home sale prices than even the months that followed that… same… year. Crazy, huh?
Today in 2017, I (finally) decided to crunch the numbers to get a better grasp on the best month to sell your house. Here’s my mantra that’s similar to Papa John’s. More data, better results. Let’s go!
Before I began this article, I thought the average prices would be very similar to a standard Bell curve.
Welcome! Home design trends aren’t always easy to spot. Some hang on for years then slowly fade away.
Other trends appear out of nowhere, so hot, then exit just as quickly. Then there are those interior design principles that are permanently good—they will never go out of style because they are simply so strong.
In this article, I’ll cover three types of trends. First, we’ll look at trends that are definitely IN! Next, we’ll hit a few that are out and not likely to return for some time.
Lastly, we’ll hit a few that are currently receiving mixed receptions. Some believe these are smokin’ hot trends while others disagree. Those will ultimately be up to you because, in the end, your home design is truly up to you.
Definitely IN Design Trends
Let’s jump right in! Here are 7 home design trends that are hot in 2017.
IN Trend #1: Mix Multiple Textures
One trick that great designers fully grasp is mixing multiple textures. Wood, metal, fabric, and stone can be combined in a myriad of ways. When done well, the result is spectacular.