There may be less buyers out there shopping for a home during the winter months, but that does not mean it is impossible to sell your home during the holidays. Staging is a long used trick of real estate agents, flippers, investors, etc. to help sell homes. If you want to sell your home more quickly great staging has defiantly been proven to help. Buyers want to see themselves living in a home and staging helps them to see the potential of making a space great. Staging during the holidays by adding a few festive touches helps to sell the cozy and homey vibe of a property.
Here are some tips for decorating your home without putting a ton of effort or money into it. Because let’s face it; less is more when selling a home and who wants to clean a bunch of decorations up and pack them when the home sells?
This one may seem obvious and for those tree naturalists out there not frugal or easy. I am going to go out on a limb here (did you catch that tree pun) and tell you to invest in a fake tree even if its just a small one. Why? Because Christmas just doesn't feel like Christmas without the tree and a fake tree is very low maintenance. It doesn’t have to be a big high quality tree. You can get a perfectly respectable one on sale at Target, a craft store or some other box store. They are usually on sale for great prices at these stores before black Friday. With shabby chic and hipster influences being so popular you can easily decorate with rustic or homemade decorations you don't need to worry about being broken. Just stick to a simple color scheme to keep it chic.
One of the biggest home sellers is curb...
Election outcome could trigger Louisville Home Buying Frenzy!
Louisville home prices are up, Louisville home Sales are up but inventory remains lower than expected but all bets are off if interest rates start climbing! The news is good for most homeowners but because of the act of inventory homebuyers could be faced with a difficult choice in the near future. What will they do if interest rates start to inch up or down in December 2016 and beyond?
It’s very possible rates could increase because during the last Presidential debate, Donald Trump talked briefly about the government artificially holding down interest rates to help the economy improve. It sounded like he was not in favor of that practice continuing if he was elected.
Yet surprisingly the day after the election mortgage rates slightly dipped. “Mortgage rates are falling because investors are seeing safe yields in U.S. mortgage backed securities, reflecting their confidence in the relative safety of the U.S. housing market,” wrote Trulia chief economist Ralph McLaughlin the day after the election.
If rates move at all buyers on the fence right now may jump off trying to find a home in a traditionally slow buying time of the year. This may set up the perfect reason for sellers thinking about putting their home on the market to explore listing their home. The lack of homes could mean a home selling for more money and faster. It depends on price vs. inventory. This may be the perfect time to call Bob Sokokler at (502) 376-5483 to schedule an appointment to review the process of selling your home.
The graph below shows the absorption rate for homes (see the month supply on the right side). Clearly anything with a less that 5 month supply is a sellers...
Before he became a Louisville realtor at RE/MAX Properties East, Bob was a News Anchor and Reporter for TV stations around the country. Here's an interesting interview Bob did when he worked for WHAS TV in Louisville in 1999.
Well, kids are back in school and many school districts are well underway. Of course, in today's day and age, all parents and even some students are concerned about the safety in schools. As a parent, it's important to do all we can to keep our kids safe but also have fun and find unique tips, tricks, and shortcuts to make life easier when the kids are in school.
Here are 10 simple tips for a better school year to keep you kid safe and have fun.
#1. Organize the Mornings.
Try to keep things as organized as possible when sending the kids back to school. Depending on when your kids go to school in the morning, set up a foolproof family calendar with the times that kids need to get to the bus stop, when they will get back and a routine that works for everyone in the morning. You want everyone to start the day happy and prepared when leaving the house. Make lunches the night before, organize all of the backpacks, hats, shoes, books and homework in a neat line so they are ready to grab them and go in the morning. This also helps you sleep in just a little bit longer when everything is prepared the night before.
#2. Prepare breakfasts the night before.
It can be very easy to get up late, grab an apple or a banana or even nothing at all and head out the door. But kids need the right mood for learning and by giving them a healthy, protein packed breakfast, they can think better and do better in school. Many middle school and high schoolers have challenging classes first thing in the morning and instead of sleeping through them, send them off with a healthy breakfast of either oatmeal that's made the night before, protein packed muffins or breakfast bars or prepare breakfast sandwiches or burritos that simply need to be heated up in the microwave...
School's Out - Time to Get the House Sold
The last day of school has come and gone and now the clock is ticking to get the homes sold before school starts again.
This is a very common situation for many homeowners looking to sell during the summer months. The kids are out of school so you don't have to worry about relocating them in the middle of the school year and you know that a lot of people by during the summer as well. This truly is an excellent time to list and sell your property for the highest profit possible but you want to list wisely, price it correctly from the beginning and make sure everything is taken care of so that buyers don't see a laundry list of problems during the inspection. If you're looking to sell quickly for the most profit possible here are some key steps to take right now in order to get the home sold quickly and you and your family can move on to your next home.
First understand the tricky situation of buying and selling at the same time.
This is not an easy thing to do but chances are this is probably what's happening. If you're relocating to a new city it can be even more stressful since you're not at both locations at the same time. But, if you're relocating within the city or just a city or to over, it can be a little bit easier but the key is to have the same real estate agent for both transactions. Your real estate agent will understand what you're doing and try to keep time frames, dates and schedules...
Nobody likes to be stressed out with money but often times in our life we go through stages where money gets tight, we lose the job, change our family status or some other tragedy may make it impossible or very difficult to make your mortgage payment. Here are different ways that you can deal with the mortgage payment if you're struggling each month.
The first thing to note is that your mortgage is probably one of the most important payments that you can make. Credit card companies have high turnover and the person on the other end of the phone probably doesn't care if you can make the payment or not. Shelter, food, certain utilities and clothing are the most important items that you need to survive. These are the items that have to come first. If you cannot make a credit card payment in order to buy food that is what you must do. Do not put credit card statement ahead of food and shelter for your family.
The people behind your loan don't want you to neglect making that payment either. They don't want to have to go through all the hassle of foreclosure, short selling a home or evicting anyone. They want to keep you in your home just as much is you do. The very first thing you need to do is to contact your mortgage lender and tell them that you are in a financial crisis. We all go through hardships in our life so make sure you tell them exactly what's happening, be honest about your situation and that you'd like to stay in your home or consider other options that might be available to you.
Speak to your lender about different options that may be immediately available such as a temporary relief to your monthly mortgage...
An open house is a great way to see different properties without the commitment and hassle of contacting a buyers agent and scheduling a showing. It's often the first step that many buyers take when they begin their search for a new home. They made tour certain neighborhoods, be on the lookout for newspaper ads and talk to brokers about different open houses in particular neighborhoods. This allows buyers to browse open houses at their leisure, ask questions and find out a little bit about the property in the neighborhood. If you're in the market for a new Louisville Kentucky home and you're currently browsing open houses here are some great questions to ask the real estate agent to find out as much about the property as possible and save yourself a lot of time.
#1. Ask why the homeowner is moving.
This is probably one of the number one question a lot of buyers agents get and it's a valid one. Even if you don't get the full story most real estate agents will let you know that either the homeowner has been relocated, there's a family status change or there moving up or downsizing. Most of the time real estate agents won't tell you if there's something really horrible about the house but they do need to disclose certain items about the house such a structural integrity, coding and zoning. Be sure to read between the lines and listen for clues on why the owner might be selling. Is there a noisy train close by? Is this a high crime neighborhood? Is it a bad school district etc. Often times by knowing why the homeowners moving can put the home in either a positive or negative light.
#2. How long has the house been on the market?
This is a great question to ask as a gives you a good idea of the timeline of the property. If the home has just been...
Louisville home sales are up 4.7% over February 2015. The number of active listings on the market is down 20.1% compared to the same time last year. That’s why realtors are finding it tougher and tougher to find homes for anxious buyers. If the lack of inventory continues, home sales could tumble, as buyers get discouraged with the lack of options to choose from.
The absorption rate is much lower than we've seen in years. In case you don't know what the absorption rate is, imagine all homes coming on the market stopped as of this moment. The absorption rate measures the number of buyers in the marketplace, the number of sellers putting their homes on the market and the number of homes going under contract. When combined the absorption rate gives us a good indication of how the home sales market is performing.
There are several scales but the one we look at closely says that if there is a six-month supply of homes or more it's a buyers market. If there is a 5 to 6 month supply of homes it's a neutral market. Finally anything less than a five month supply of homes and were looking at a sellers market. As of this writing, the absorption rate was 3.43 month supply of homes that's a firm sellers market! Compare that to just a year ago where the absorption rate was a 4.83 month supply. Not quite a neutral market but certainly not anywhere near as hot as the market is right now!
For sellers, the good news is that homes priced right, in good condition and staged properly are selling in a matter of days. We’ve...
New Homes in Poplar Lakes - Louisville Kentucky
Interested in owning a home in Poplar Lakes?
For the latest inside information on what is available contact the team at Sokoler Medley
New Homes in Louisville
Pulte Homes has recently had their grand opening of the new Poplar Lakes located on Deer Lake Lane and Poplar Lakes Lane just south of Jeffersontown about 20 minutes from downtown Louisville. Easily accessible via Highway 155 or Interstate 265 this community is bordered by the Pine Valley Estates, Saratoga Woods and the Charlie Vettiner Park. From Easum Rd., head south along Poplar Lakes Lane, which turns into Deer Lake Lane after the roundabout. This collection of 12 new homes feature nine distinct floor plans starting at about $208,000 to about $250,000.
Floor plans start at 1500 ft.² to nearly 2600 ft.². The models include:
- Everett – starting price from $207,900
- 1513 ft.²
- 3 bedrooms / 2 full baths
- 1 story home
- Portland – starting price $213,900
- 1806 ft.²
- 3 bedrooms / 2 full baths...
The new Louisville numbers are out for January 2016 home sales and though sales are up the real story is the lack of home inventory. Looking at the numbers first, the number of homes sold in January 2016 were up 2.3% over the year before. The number of homes going under contract were up 12.6% over the same time period the year before.
But if you look at the new homes coming on the market in the month of January you'll see the number was down 13.2% from the year before. That's why Louisville Buyers are desperately looking for their next home and there are very few to be found.
We measure the buyer activity with the term called “absorption rate”. If we turned off the faucet and no other homes came onto the market as of right now, how long would it take existing buyers in the marketplace to purchase or “absorb” the current supply of homes. The nationally accepted scale is as follows: six month supply or more is a buyers market, a 5 to 6 month supply of homes is a neutral market anything under of five months supply is said to be a sellers market. The current absorption rate for the Louisville area is a 3.36 month supply, a firm sellers market! In fact just a year ago we were talking about a firm sellers market and the absorption rate was a 4.82 month supply of homes.
What does this mean to you? Let's start with sellers, if you are considering putting your home on the market this year now is the time to do it. Typically you'll get more money and sell faster if you're on the market sooner than later this year. Naturally you have to be concerned about finding your next home, so be sure to read my buyers comments...
2015 Was an Amazing year for the Sokoler Medley Team. We were able to help more than 380 families sell or buy a new home in the Louisville Kentucky and Southern Indiana areas!
We look forward to helping you and your family in 2016 and the years to come.
You certainly don't want to give away your home when selling nor do you want to pay the highest price when buying. Good negotiation skills can take years to develop and tips and strategies come from highly qualified buyers agents and listing agents. But there are ways you can negotiate for the right terms and price in your next real estate deal.
Here are 10 tips that all buyers and sellers should know when it comes to real estate negotiations.
#1. Be an effective communicator.
Before you can negotiate anything you need to be an effective communicator. If you don't how to communicate properly, appropriately or accurately, your needs and desires are simply not going to get across. You need to listen, clarify, understand the opposite parties expectations and understand your expectations as well.
#2. Know the market.
If you have no idea what an accurate price is for a particular piece of property you are negotiating in the dark. The other party might be laughing at you because you simply don't understand the current market trends and strategies. Understand if it's a buyers market or a sellers market or if the market is balanced. There's no points to request a lower price on a home if the seller has three backup offers over list price. You have to understand what you're dealing with, the current market and how to really get what you want.
Read More: 5 Things...
Two New Home Communities in Louisville
Brookfield – Pulte Homes
Pulte residents who call Kentucky home, love to take advantage of all that Pulte and the Bluegrass State have to offer, from rich history set inhttp://www.weselllouisville.com/ beautiful cityscapes and countryside, to semi-custom homes furnished...
Thinking of selling your home? Don’t wait until 2016, buyers are out there right now looking for the perfect home. Consider the fact Louisville area real estate continues to outpace last year. According to the latest numbers from the Greater Louisville Association of Realtors, homes going under contract increased a whopping 12.4% October 2015 compared to October 2014. The number of Louisville area homes closing in October 2015, up 1.3% over 2014. The absorption rate sits at a 4.4-month supply (a strong sellers market).
The numbers could be even better if there were more homes on the market. There were 17.5% fewer homes on the market last month compared to October 2014. In fact the number of homes coming on the market last month was down 2.5% compared to October last year.
So what does this all mean? The real estate market in the Louisville area continues to improve month over month. We’re seeing a number of homes that went under contract the month before not closing for a variety of reasons:
1) Appraisers found the sales contract price was higher than what comps in the area had sold for. This has been a problem but it escalated at the beginning of this year when the government instituted a random computer check of appraisals. If the computer felt the appraisal was too high it would kick it back to the appraiser to be reworked. The appraiser doesn't get more money to do the extra work so they are more conservative in the beginning. That's why we're finding more appraisals coming in low. If the buyer is unwilling to come up with cash out of pocket or the seller is unwilling to come down in...