Louisville Real Estate – Understanding Square Footage

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.

Photo of a homes in Heather Green Buckner KY
Understanding square footage begins with professional measuring. The PVA data may or may not be accurate.
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Housing Recession Brings Real Estate Wisdom Home

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.

Photo of a couple in front of their home
Putting more money down in the purchase of their home is more than just a smart decision, people have learned that it also brings peace of mind.
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Best Louisville Neighborhoods: Pine Valley Estates

Pine Valley Estates (once merely Pine Valley) is a still-growing community that began in 2001 and continues to be a great spot for new construction. Just outside of Jeffersontown, Pine Valley Estates is located off Easum Road between Old Heady Road and Chenoweth Run Road (see map). Nearby neighborhoods include Stone Lakes, Saratoga Woods, and the newer Saratoga Springs and Bridges of Razor Creek. Still situated in a rural part of Jefferson County but inside the Gene Snyder Expressway and close to expressways, shopping, and more.

Home in Pine Valley Estates Louisville KY
Peaceful, country setting but still inside the Gene Snyder, Pine Valley Estates has some great, newer homes that just might appeal to you. | Photo Tre Pryor
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Has the Louisville Real Estate Market Hit the Bottom?

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.

Photo of flood waters rising on a home
Homeowners who owe more money than their home is worth are considered to be underwater or upside down. However, data does indicate that the number of distressed properties is shrinking for the first time since the housing recession began.
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Lower Your Property Taxes, Silver Lining to Home Values Decrease

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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My Home Is Dropping in Value?

I’m sure you’ve heard the phrase, “Perception is reality”. Take the value of brands, for example. People’s perception of Tylenol as a safe, pain-reducing medicine prior to 1982 was sky-high. It was the world’s top seller, for crying out loud. Then reports surfaced that a woman died from cyanide poisoning from taking Tylenol.

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Homearama 2011 Review: Outside In Living

Homearama is my favorite Louisville real estate event of the year. The only thing better would be a surprise visit from HGTV to re-design a room in my house!

Photo of a street in Norton Commons, home of Homearama 2011
Norton Commons is a great setting for a home show! The people came out in droves to see Louisville’s latest new home designs.
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Louisville a ‘Best Place to Live’ Due to Low Cost of Living

eHow.com put together a list of their five favorite cities for a low cost of living and guess who made the list? Louisville, of course! Here’s what they had to say about our fair city.

Great Louisville homes
Some great neighborhoods cost more than others but Louisville has a large number of bargain-priced homes across the city. (Photo Tre Pryor)
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Horror Stories in Louisville Homes

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.

Photo from the movie titled The Money Pit
You surely want to avoid a money pit when buying your next Louisville home. This story will tell you how.

That’s the norm.

Then there are the real estate horror stories.

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Housing Recession Worse than Great Depression

I’m sure we’ve all heard about The Great Depression. It was a horrible time, not only in our nation’s history but throughout the world. Prices went crazy and suffering was the norm. But did you know this, home prices dropped 31% during The Great Depression?

Home for Sale
Homes aren’t selling but that doesn’t mean that some savvy investors couldn’t take advantage of the situation.
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Selling Louisville Homes With Pools: Might Be a Challenge

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.

Louisville home with an amazing pool
Just because your home has a pool doesn’t mean it’ll be easy to sell. Below are some tips to help Louisville home sellers who have pools. | Photo Tre Pryor
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Louisville Housing Market 7 Year Report, Period End May 2011

May has disappointed me greatly. I had far greater plans in mind only to see them dashed on the rocks.

Louisville Home Sales: 7 Year Monthly Chart for period ending May 2011
Jefferson County home sales for May 2011 were close to 2009 levels, which was a bad year. Oldham County fared better but clearly, the housing market has ground to make up.
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