Tag Archives: for sale louisville

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!

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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!

High temperatures increase health risks for people with diabetes

4 Jun

For the nearly 26 million Americans living with High%20temperatures%20increase%20health%20risks
diabetes, high temperatures and increased sun exposure can pose particularly dangerous health risks. During warm weather, experts caution that people with diabetes must take extra care to avoid serious, heat-related conditions.

“Heading to the beach, the pool or the park is a great way to cool down and stay in shape when the temperature rises, but people with diabetes may not realize the heat can place them at greater risk for serious, heat-related illness,” says Dr. Deneen Vojta, senior vice president and chief clinical officer of UnitedHealth Group’s Diabetes Prevention and Control Alliance (DPCA). “Diabetes actually impairs a person’s ability to sweat, which means that hot, humid weather can dangerously reduce the body’s regulation of blood sugar levels. That’s why it is critical that people with this disease take proper precautions to avoid conditions like heat exhaustion and heat stroke.”

Vojta offers seven simple tips that may help people with this disease to stay active, healthy and safe when temperatures are high:

1. Check your blood sugar levels often. Changes in activity and heat levels can affect your body’s insulin needs.

2. Wear sunblock. Sunburn can tax your body and trigger increased blood glucose levels.

3. Stay cool. Take regular breaks from the heat in air-conditioned areas or designated cooling centers, if possible. Make sure to exercise in an air-conditioned place or exercise during early morning and evening hours when temperatures are cooler.

4. Keep medication and supplies cool and away from direct sunlight. Extreme temperatures and sunlight can have a damaging effect on diabetes medication such as insulin, causing the drug to break down or become less effective.

5. Stay hydrated. Dehydration stresses the body and affects glucose levels.andnbsp;

6. Avoid caffeine and alcohol in high temperatures. Both alcohol and caffeine have diuretic effects that can increase risks of dehydration.

7. Be alert for common signs of heat exhaustion. Signs of serious health-related illnesses can include: heavy sweating, paleness, muscle cramps, tiredness, weakness, dizziness, headache, nausea, vomiting and fainting.

Vojta advises that people with diabetes should be on the lookout for signs of heat exhaustion or heat stroke and seek medical attention right away if they experience symptoms.

Additional resources on managing and preventing diabetes can be found by visiting the websites of the American Diabetes Association (www.diabetes.org) and the National Diabetes Education Program (ndep.nih.gov/resources). UnitedHealth Group also offers a range of helpful tips and information on the disease at http://www.unitedhealthgroup.com/diabetes.

Courtesy of BPT

3 Industry Secrets for Getting Top Dollar When Selling Your Home

21 May

The market is on fire! Partly because of the time of year we are in and partly due to the dramatic shift in our marketplace. As of just a few months now, we are completely in a seller’s market where there are far fewer homes for sale than there are buyers. So how does a seller in this environment get top dollar on their property? It’s more than just time of year or general buyer trends; it’s a matter of actively, aggressively going after the best outcome. Here are three tried and true strategies that we use to get our sellers top dollar.

Price Your Property Effectively

I’m not suggesting you set a price lower than everyone else in the neighborhood to get it sold. But we are saying it’s critical to know and understand the market pulse in your area as it relates to today. The key word here is today. It’s no secret that one of the most prevalent methods used to determine market value is by evaluating comparable properties.

Appraisers and Realtors® in general, look at homes sold in the last 6 months to a year when considering values. However, when we are dealing with the drastic change that is our housing market today, it’s important to look at under contract values. This is what shows the truth of what buyers and sellers value in the market right now.

Follow the Laws of Supply and Demand

In any marketplace, whether real estate or otherwise, the basic principles of supply and demand play a huge a role in market activity. With real estate, we tend to see an upswing in activity beginning the spring months and it stays active until the fall when people slow down from their home search. Listings also follow closely with those trends.

When there is increased supply, demand goes down. Conversely, the fewer homes available for sale will dictate increased demand – a phenomenon we are experiencing these days. This translates to the spring and summer markets being better for sellers, with the expectation they will earn top dollar if the home is well priced.

Promote, Promote, Promote!

You can have any number of homes on the market but until and unless the word gets out, they will just sit there. Promotion is the key word and the way you promote your listing is also critical. In today’s fast paced, very NOW world – it is essential to cater to buyers’ needs. That means putting your property on social media, on every syndicated property home search site possible and advertising in other locally preferred ways.

Kick it up one more notch by working with a broker that has an extensive database of active buyers that are just waiting to be matched with the right property. Imagine – finding a buyer that is willing to pay over and above your asking price because your home is exactly what they’ve been looking for!

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The first step to getting top dollar on your home is to know and understand your local neighborhood’s buying and selling trends. Contact us today for an updated market analysis that’s catered to your locale. We’ll give you real time values so you can move forward with your listing with all the leverage you need to come out on top!

Six Ways Buyers Can Turn Up the Heat and Make an Offer Sellers Can’t Resist

6 May

When you’re in the midst of a seller’s market there really is very little you can do but just watch the market, find the right home and jump on it! Because if you don’t, there’s a good chance someone else will beat you to it. But if you are making an offer, there are some ways you can make it one the sellers can’t refuse. Here are six key strategies to use as a buyer making an offer on a home in a very competitive seller’s market.

Prove Your Ability to Pay
Gone are the days when you could present an offer on a home with the expectation that you would apply for a loan after it’s accepted. Even when we’re not in the midst of a seller’s market, sellers today expect to see proof of your financing or funds. They want to know that your offer is a viable one and having a preapproval from a lender gives them the peace of mind needed to proceed. Unlike being prequalified, preapprovals entail a credit pull and a look at your financial position, including things like debt-to-income ration, job history and more.

Make It Reasonable
As you may already know, an earnest deposit accompanies an offer. So as you decide the amount to put toward your earnest money deposit, be sure to be reasonable. Typically 1% of the purchase price, you can go up or down depending on your interest but generally, you should stay at or above 1%.

Don’t Lowball the Offer
There was a time when buyers could get away with making lowball offers but those days are long gone. Contrary to popular belief, making a reasonable offer will increase your chances for stronger negotiations. A higher offer is the better offer because you won’t offend the seller.

Go Easy on the Contingencies
When buying a home there can be a lot of contingencies in place ranging from waiting for the sale of another home, to inspection results to mortgage contingencies as well. Some are unavoidable but whenever possible if you can reduce the length of time for some of these processes or better yet, eliminate the contingency altogether – the seller will be more inclined to accept your offer.

Keep It Simple
Rather than bog down your offer with complex language that is hard to read and complicated to understand, make it as simple as possible. There is no need for legalese and if you can, put things in bullet point form to really make it easy for the seller. Less is more but be sure not to leave out anything important.

Make It Personal
Sometimes multiple offers will come in and they are all very close to one another in price, terms and contingencies. Believe it or not, these are the opportunities for buyers to turn on the charm – literally. Write a personal letter explaining what you love about the house. Introduce yourself to the seller and do it in a handwritten note or card that will be memorable to them when they are considering all offers.

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Keep in mind, no two offers are the same and no two situations are the same – so you will benefit from having a strong Realtor® by your side, working in your best interests. Contact us today so we can work to getting you the home of your dreams!

Filing Last-Minute Taxes? Here Are Eight Tax Breaks Homeowners Love to Receive

9 Apr

Tax time is fast approaching and if you’re like most Americans, you either filed way back in January or you’re scrambling to get them in before April 15th rolls around. With the housing market on fire lately, there are lots of new homeowners filing taxes this year and with the right knowledge, there is much money to be saved! Here are eight tax breaks available to homeowners that make tax time a little more bearable.

Interest Deduction on Construction Loans
Last year marked the comeback for new construction in many areas of the nation, with more and more buyers building to suit their own needs rather than buying existing homes. When a parcel of land is sold and a construction loan is taken out – you can deduct the interest paid on that loan.

There are some specifics though, so be sure to share the details with your tax pro and be prepared to show that the loan was for either your principal residence or second home used only for personal purposes.

Deductions on Mortgage Interest Paid At Closing
This is a favorite of homeowners since they are usually filling taxes for the first time after buying a new home and most new homebuyers can use every dime that comes to them. Toward tax time or during the beginning of the year, our lender will send a statement outlining that amount specifically. The only requirement to be able to deduct mortgage interest from your settlement is that you itemize your deductions using a Schedule A form.

Costs Associated With Purchase or Refinance Points Can Be Deducted
Mortgage fees that stem from points paid to bring down the interest rate can be deducted. There are some varying rules depending on whether the points were for a purchase or a refinance but the deduction quickly adds up in savings.

State and Local Property Tax Deductions
Cash paid for property taxes can be deducted when they are according to your home’s assessed value. The municipality will send a letter with the amount that is deductible, or you can check with your tax professional. For homeowners that pay their taxes through escrow, the deductible amount only applies to funds taken out of escrow and paid.

Private Mortgage Insurance Premiums
Though not always deductible, a lot of homeowners benefit from this deduction of the premiums paid on mortgage insurance. It applies for principal residences as well as second homes used for personal use by the owner. This is ideal for homeowners with an adjusted gross income of $100k or less or $50k for those married but filing separately and it works for insurance premiums paid during the current tax year.

Renovation or Rehab Loan Interest Deductions
When you improve your home and get a loan to cover those costs, as long as you are making improvements to the house that will increase its value, you may be able to deduct the interest from that loan. This only applies to major renovations such as updating kitchens, bathrooms, installation of new structures or other things that will increase the home’s value.

Costs Associated With Selling a Home Can Be Deducted
Every year sellers file their taxes without realizing they can deduct some of the expenses from when they sold their home. This includes things like broker fees, title insurance, expenses from advertising or repairs done during the process. There are some guidelines to follow such as the 90-day window of time within which repairs must me made from the time of sale.

Home Office Expense Deductions
If you are like countless Americans that use a designated portion of their home as an office, you can deduct expenses related to operation, maintenance and upkeep of the space. The important thing to know about this deduction is that your home office must be designated space in your home used just for this purpose. Space used to store things related to your business also applies.

The FHA Announces Two Big Changes That Will Cost Borrowers Thousands More

18 Mar

For the longest time homebuyers have relied on FHA loans to obtain mortgages using just 3.5% down. These government-backed loans have historically helped borrowers that otherwise might have had a hard time getting a loan to become homeowners. All FHA loans require the borrower to pay Private Mortgage Insurance, a premium paid each month by the buyer to insure the lender against default. FHA covers the insurance.
In light of financial troubles and exhausted reserves, the FHA recently announced that it would be changing its program. The two biggest changes have to do with the amount of premium due each month as well as the length of time these premiums are due.

Increased PMI Premiums To Take Effect April 1, 2013

Right now, all borrowers that put less than 20% down on their FHA loan are expected to pay 1.25% of the loan amount each month but effective April 1 of this year, the monthly premium amount goes up to 1.35%. On a $200,000 home that increase amounts to about $17 each month.

PMI To Be Charged for the Life of the Loan For Minimum Down Payment Borrowers

The second change will have a lot more impact on borrowers. As of right now, all FHA loan holders are required to pay PMI until they either have 22% equity on their home or for the first five years of the loan (with a minimum PMI payment period of 5 years). As of June 3rd 2013, borrowers that put less than 10% down will be required to pay PMI for the life of the loan. Furthermore, if borrowers do pay 10% down, they would have to continue with PMI for at least a minimum of 11 years.

Buyers Must Be Under Contract By March 25, 2013 To Avoid Lifetime PMI

The mortgage industry expects a flood of new FHA applications, especially prior to April 1st since for FHA loans that have a case # assigned by April 1st, the lifetime PMI change will not apply. What this means to you as a buyer is that you should aim to be under contract by March 25th so that you can get your FHA case # back by April 1st. This does not mean that you need to close on your loan prior to April 1st of this year.

Conventional Loans Will Likely Become More Popular

With these adjustments to the program, conventional loans will likely become more popular. Consider this comparison of a FHA loan with a conventional on a home priced at $200,000, once the changes have taken place:

Type of Loan Down Payment Monthly Mortgage Insurance
FHA $7,000 $220
Conventional $10,000 $113

Looking at the above example, there would be a savings of $1,300 each year by opting for a conventional loan.

Changes Being Made to Rebuild FHAs Financial Reserves

There are two reasons for these changes. First, the FHA is trying to recover its reserve and second, the organization expects to reduce the number of FHA loans it insures with the expectation that more borrowers will turn to conventional loans.
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If you would like to find out more about this, or better yet if you want to avoid having to pay month after month for the life of your FHA loan, contact us today and we will help you find your new home. Don’t wait – this one is huge.