Top 3 Real Estate Myths That May Mislead Louisville Home Buyers

First came the Top 3 Real Estate Myths for Louisville Home Sellers, where we hit the biggest reasons why certain homeowners have completely failed when it came to selling their Louisville home fast.

The perfect Louisville home is myth
Don’t be fooled, the perfect Louisville home is a myth. But that doesn’t mean you can’t find a great one!
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Home Improvements To Avoid When Selling Your Louisville Home

A basic concept in marketing anything is having an item appeal to the most amount of people possible. This concept also applies to selling your Louisville home. The more appealing it is to the market as a whole, the faster it will sell.

Photo of a Louisville home with a beautiful pool
While a home with a gorgeous pool may strongly appeal to certain house hunters, it won’t to the bulk of Louisville home buyers. | Photo: Tre Pryor
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Louisville Home Buyers Are Choosing Deals Over New Construction

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.

Photo of Louisville new construction home
New construction is almost always more expensive than buying existing homes.
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Tax Credit Helping Some Louisville Home Buyers

Nice piece in Business First of Louisville about how first-time homebuyers have made their move in today’s housing market due primarily to the tax credit currently being offered by the government. This makes a great deal of sense. Most watching the market understand that the recent increase in home sales is happening predominantly in the lower-priced tiers where first-time homebuyers are focused.

Chart of Louisville KY Historical Yearly Home Value Change
Here you can see a chart of the year home value changes in Louisville, Kentucky going back to 1978. As you can discern, the negative value in 2009 is the first in the past 30 years. | Source: www.fhfa.gov
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