#1 Real Estate Blog in Louisville Kentucky

Louisville Now on Improving Markets Index as New Construction Perks Up

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.

Photo of new construction in Louisville KY
Louisville new construction is starting to pick up as Louisville is added to the IMI.
(more…)

Continue ReadingLouisville Now on Improving Markets Index as New Construction Perks Up

First Time Louisville Home Buyer – How You Know That the House Is Yours

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.

Photo of young couple home buyer in Louisville KY
Are you a first-time Louisville home buyer? If so, you should be having fun. If it’s not, you’re doing it wrong. Or, you need a different Realtor.
(more…)

Continue ReadingFirst Time Louisville Home Buyer – How You Know That the House Is Yours

Louisville New Construction Has a Long Road to Go to Be ‘Recovered’

The Louisville real estate market is showing great signs of recovery but we are by no means, “out of the woods.”

Photo of construction worker building a Louisville new construction home
Louisville building permits for single-family homes so far in 2012 have surpassed all of 2011. Economists predict there will be a 300% increase by 2015.
(more…)

Continue ReadingLouisville New Construction Has a Long Road to Go to Be ‘Recovered’

Top 10 Pro Staging Tips for Louisville Homesellers

We’ve got them! Top 10 pro staging tips! They are a key part of selling your home fast, and at the highest possible price. Properties that aren’t well-staged, remain on the market longer and end up selling for less than they are truly worth.

Elegantly Staged Living Room
When done well, exceptional staging puts your home above the competition. Stage your home like a pro, and it will sell faster and for more money, period.
(more…)

Continue ReadingTop 10 Pro Staging Tips for Louisville Homesellers

Home Buying in Louisville: Steps to Qualify for a Mortgage

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.

Photo of a couple looking at a house model
Thinking about buying? Here are the steps to qualify for a mortgage.
(more…)

Continue ReadingHome Buying in Louisville: Steps to Qualify for a Mortgage

Buying a Home in Louisville: 5 Negotiating Tips to Get the Best Deal

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.

Photo of agent researching home prices with his computers.
The better the research, the better the opportunity for negotiating a great deal when buying a home in Louisville.
(more…)

Continue ReadingBuying a Home in Louisville: 5 Negotiating Tips to Get the Best Deal

The Tide Is Turning: Foreclosure Rates Drop in Louisville

According to CoreLogic, foreclosure rates drop in Louisville as we watch the number of homes going into a foreclosure proceeding. This information was released in their most recent report. CoreLogic is a company that tracks and publishes data-driven reports, many centered around real estate, finances, and consumer goods.

Foreclosure Map for Louisville KY July 2012 - The Tide Is Turning: Foreclosure Rates Drop in Louisville
From the map above, you can see which portions of our city have the most foreclosures. The good news is that we’ve reached the peak and now we watch foreclosure rates drop in Louisville.
(more…)

Continue ReadingThe Tide Is Turning: Foreclosure Rates Drop in Louisville

Credit Cards and Mortgages: There’s a Link

Photo of man applying for a Louisville mortgage.
Applying for your Louisville mortgage can be quick and easy. Preparing to apply by being smart with your credit cards, which affects your credit rating, really pays off!

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.

(more…)

Continue ReadingCredit Cards and Mortgages: There’s a Link