How we helped Paul with his mother’s real estate needs by working with her to get the job done

17 Jul

We were able to find the house that met our needs very quickly which we were pretty happy about. Todd did a really good job working with my mother and having the right conversations with her. He was very sensitive towards her and was able to help her transition.

-Paul Kleine-Kracht, Home Buyer


How we helped Rachel buy her dream home by working through the negotiation process

17 Jul

I found my dream home across the street from my mother’s house that was owned by an older couple going into a nursing home. They were pretty emotionally attached to it so there was a lot of back and forth and things they weren’t willing to do. Todd was very patient and always looked out for our needs.

-Rachel Abel, Home Buyer

A Buyer’s guide to Louisville real estate

7 Jul

I’ll help you buy or sell your home in Louisville, KY. If you’re looking to buy a home, I’ll help you pick the right home for you. If you’re thinking about selling, call me and I’ll tell you what price your home is most likely to sell for. Click here to search all available homes on my website.

When do you know it’s the right time to go and start looking for a new home in Louisville? It can be a difficult question to answer, but we have compiled a checklist of 5 important items  to help you decide if now is the right time for you to purchase a new home.

1. Have a set budget
When deciding to purchase a new home, this is a must. If you are currently renting in Louisville and want to stay around the same price range, you can find a comparable house in this market.Buying a home can be the same or cheaper than renting and it’s not going to throw your budget off. If you need a starting point with your budget, give us a call and we would be happy to help out.

2. Don’t worry about a big down payment
In the past, you used to need a sizable down payment in order to purchase a home. Today there are numerous down payment assistance programs that will help you minimize the cost.

3. Have a steady and stable job
It’s not always easy to have great job security in this economy, but if you have been at a company for more than 2 years, you are ready to start using that job as a way to give you leverage in terms of being able to purchase a home and cover payments.

4. Know your debts
Understanding what your debts are is key when purchasing a home.  If you are not sure what your debts are or where your credit score is at, we can help you with those so you can know what factors will work for you.

5. Be ready to make a commitment
No matter what the housing market does, you have to give yourself at least 5-7 years in a home before you sell. Long term commitment is key to home buying, as it is one of the more expensive investments you will make in your lifetime.

If you have any questions on this topic, or know anybody that is looking to buy or sell, don’t keep me a secret. It’s what I’m here to do and I would love to help!

Find the Perfect Neighborhood for Your Home

26 Jun

I’ll help you buy or sell your home in Louisville, KY. If you’re looking to buy a home, I’ll help you pick the right home for you. If you’re thinking about selling, call me and I’ll tell you what price your home is most likely to sell for. Click here to search all available homes on my website.

In order to have your dream home, one of the most important things to find is the perfect neighborhood – and there are plenty. It all comes down to what you want. That’s why it’s crucial you get to know the neighborhood before you consider buying a house there.

The best thing you can do is investigate the neighborhood as much as possible. There are a few ways you can do this. Drive through at different times of day to get a feel for it: after work, at night, on the weekends. It also helps to check out an open house to see the day-to-day hustle and bustle, especially on the weekend.

During and after investigating the neighborhood, take the time to ask yourself: Do I feel safe, secure? Is this a place I would like to live, to have company over? If you can answer those question with an enthusiastic “YES,” you may have found the perfect neighborhood.

One last thing to consider is the location of the neighborhood. If you want a larger lot, it will probably be further from the city center. You want to make sure that you are comfortable, not only with the safety and likability of the neighborhood itself, but with its location in relation to points of interest in the city. If you are, there is no reason not to settle there.

Remember to keep all these things in mind when searching for the place for your perfect home. As always, if you happen to know anyone who is looking to buy, sell, or invest in real estate in the Louisville area, don’t keep me a secret. I’d be happy to help!

5 Mistakes to Avoid When Selling Your Home

6 Jun

I’ll help you buy or sell your home in Louisville, KY. If you’re looking to buy a home, I’ll help you pick the right home for you. If you’re thinking about selling, call me and I’ll tell you what price your home is most likely to sell for. Click here to search all available homes on my website.

As the real estate market begins heating up this time of year, we will see a massive increase in the number of buyers. With inventory on homes going up as well, these buyers will have a lot of options to choose from, and they will be picky. Here are 5 common mistakes home sellers make and the simple fixes that you need to correct them.

1. Overpricing
Nothing turns a buyer off faster than an overpriced home. Most of the time,buyers are approved for a particular amount to spend on a home and they stay within that range. If your home is overpriced, you are missing out on a large number of buyers. Conversely, those that are approved in your price range will be able to purchase something better for a similar cost.

2. Odors
It’s important to neutralize any bad or foreign odors in your home. They may not smell bad to you, but you live there every day. People that don’t spend most of their time in your home will have more sensitive noses in this setting. On the other hand, it’s important not to over-neutralize the smell. Dousing the home in air freshener or scented candles can give the impression to a buyer that you are trying to hide something. Its important to get clean, fresh air in your home so that any odors are neutralized and the atmosphere is more inviting.

3. Clutter
Little things like making a bed or dusting a shelf can make a huge impact with potential buyers. Cleanliness is key and any clutter that can be minimized will only benefit your home’s chances of selling.

4. Deferred Maintenance
I’m not saying you that you need to make every single home improvement possible, but small technical problems should be fixed. Inexpensive, quick improvements are often the best way to make your home look appealing. Too many maintenance issues can deter a buyer from wanting to look at a house because they see it as a project rather than a potential home.

5. Dark Decor
Obviously nobody wants to spend the kind of money it would take to completely replace any dark carpets, walls, or floors you may have. A simple fix like opening a few windows and turning on some lights can make a world of difference. Illuminating dark decor as much as possible is important as it will be more inviting to them than a dark home would be.

If you have any questions about what I discussed in the video or know somebody who is looking to buy, sell or invest, don’t keep me a secret! Give them my information. I look forward to talking to you soon!

View from the Top in the Re/Max Balloon and 7 Financial Benefits of Home Ownership

9 May

I’ll help you buy or sell your home in Louisville, KY. If you’re looking to buy a home, I’ll help you pick the right home for you. If you’re thinking about selling, call me and I’ll tell you what price you home is most likely to sell for. Click here to search a available homes on my website.

The 7 Financial Benefits of Home Ownership This Tax Season

The financial benefits of home ownership are evident year round, but particularly around tax time – they seem to jump off the page. Let’s examine how home ownership makes “cents” –  from the tax benefits, to good old fashioned financial stability.

1. Home ownership Builds Wealth Over Time

We were always taught growing up that owning a home is a financially savvy move. Our parents knew it, and their parents knew it. But this past decade of real estate turbulence has shaken everyone’s confidence in home ownership. That is why it’s so important that we discuss this again now that we’re in a ‘new market.’ Home ownership can be a very savvy financial move – but only if people buy homes they can actually afford. In 2014, this idea of sticking to a home you can afford to gradually build wealth is a “rule” that just happens to be new and old at the same time.

2. You Build Equity Every Month

Your equity in your home is the amount of money you can sell it for minus what you still owe on it. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe.  That reduction of your mortgage every month increases your equity. That is especially true now with the elimination of risky mortgages like negative amortized and interest-only loans – thanks to the new “Qualified Mortgage” rules. The way mortgages work is that the principal portion of your payment increases slightly every month year after year. It’s lowest on your first payment and highest on your last payment. Thus, as the months and years go by, your equity grows!

3. You Reap Mortgage Tax Deduction Benefits

  • Mortgage deduction: The tax code allows homeowners to deduct the mortgage interest from their tax obligations. For many people this is a huge deduction, since interest payments can be the largest component of your mortgage payment in the early years of owning a home.
  • Some closing cost deductions: The first year you buy your home, you are able to claim the points (also called origination fees) on your loan, no matter whether they are paid by you or the seller. And because origination fees of 1 percent or more are common, the savings are considerable.
  • Property tax is deductible: Real estate property taxes paid on your primary residence and a vacation home are fully deductible for income tax purposes.

4. Tax Deductions on Home Equity Lines

In addition to your mortgage interest, you can deduct the interest you pay on a home equity loan (or line of credit). This allows you to shift your credit card debts to your home equity loan, pay a lower interest rate than the horrendously exorbitant credit card interest rates, and get a deduction on the interest as well.

5. You Get a Capital Gains Exclusion

If you buy a home to live in as your primary residence for more than two years then you will qualify. When you sell, you can keep profits up to $250,000 if you are single, or $500,000 if you are married, and not owe any capital gains taxes. Now, it may sound ridiculous that your house could be worth more than when you purchased it after these past several years of falling house prices. However, if you purchased your home any time prior to 2003, chances are it has appreciated in value and this tax benefit will come in very handy.

6. A Mortgage Is Like a Forced Savings Plan

Paying that mortgage every month and reducing the amount of your principal is like a forced savings plan. Each month you are building up more valuable equity in your home. In a sense, you are being forced to save—and that’s a good thing.

7. Long Term, Buying Is Cheaper than Renting

In the first few years, it may be cheaper to rent. But over time, as the interest portion of your mortgage payment decreases, the interest that you pay will eventually be lower than the rent you would have been paying. But more importantly, you are not throwing away all that money on rent. You gotta live someplace, so instead of paying off your landlord’s home or building, pay off your own!

As always, you must look very hard at your personal situation before making the big decision to buy.

Hopefully this information has been helpful to you. If you have any further questions please do not hesitate to contact me. I would be happy to further explain the benefits of home ownership to you.

If you’re looking to buy or sell real estate in Louisville, you can reach me via phone or email for assistance.

Todd Martin Reviewed by Carolyn Hardy

7 May


(I was on the market to buy a home and my mortgage broker at my local bank put me in contact with Todd Martin. I am so grateful for the referral! There was nothing that Todd didn’t do for us. He definitely help us talk down the seller and he also made sure that they covered the closings costs. He even made sure they performed all of the repairs we requested! It was awesome! Todd is very knowledgeable and I have confidence in his skill and his trustworthiness. I never felt like he needed to rush away, he could spend as much time with me as I needed him to. He was extremely organized and was always ahead of my needs. There was one instance that really impressed me where he originally was going to be out of town at a conference during my closing but at the time of closing, he just showed up. He was able to book an earlier flight and even came in jeans to make sure he was there for me. He was there himself and I really appreciated that. When you work with Todd Martin, you will be confident in him and he’ll guide you in the right direction. I wouldn’t work with anyone else!)

Todd Martin Real Estate Agent RE/MAX Metro 1829 Bardstown Rd. Louisville, KY 40205 Call – (502) 220-4663