The WeSellLouisville.com Louisville Real Estate Blog

Thank You 2015 Louisville Area Home Sellers and Buyers

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.

Sokoler Medley Team Home Sales 2015

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How to Be an Effective Negotiator in Real Estate

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.Tips to negotiating in real estate

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.

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LOUISVILLE Market Trends

Total Properties Listed: 8,702
Month-Over-Month Change: 51.55%
Average Days On Market: 120
Total New Properties Today: 10
Median List Price: $164,900
Month-Over-Month Change: 4.53%