Remember this number – 332. That’s the number of homes our Sokoler medley team sold last year. Yet, despite the enormous success there are still frustrations.
There were a small number of homes that never sold. This may sound ridiculous to you but I did lose sleep wondering what was wrong, why didn’t those homes sell. We’ve teamed up with 1000 top agents around the country through active rain to study why a home doesn’t sell. If you’re thinking about selling a home this year the following information is very important to you and could mean the difference between listing and selling your home and just listing your home.
As top agents we found the number one problem to be over pricing your home. It happens and 77% of the cases where a home doesn’t sell and we’ve seen sellers overprice a listing because they need to get money out of it. Yet because of new appraisal regulations there’s no way a seller will get anywhere close to their asking price.
It’s a simple fact if homes in your neighborhood are selling for less don’t expect your home to sell for more. In 34% of the cases were a home doesn’t sell its because the seller has made it difficult for the home to be shown. Selling a house is a job and it can admittedly get tiresome. But buyers and their agents are on a schedule, their goal is to see as many homes in a day to make a decision. Often the homes are spread out over a section of the city. Doubling back to try to accommodate schedule just won’t work.
A buyer would rather skip a house that’s not available...
Should We Buy or Sell First in Louisville Real Estate?
Sometimes it happens. You are currently making mortgage payments on a home you either still have on the market but hasn't sold OR that you've only considered selling and then it happens. You see your dream house in your ideal neighborhood is for sale and at a stellar price! What do you do?
It is possible to buy a new house before your old one sells, but unless you have serious income, it is risky business and not recommended. Here are some things to look at when considering if buying before selling is a smart move for you:
Benefits of Buying First
It's true that most people are in no position to buy before selling but it's still worth looking at the benefits of doing so before making the ultimate decision. After all, there is a reason that such an idea is crossing your mind.
Everyone wants a great deal and many of us have an idea of our dream home. When an opportunity pops up that meets both of these requirements, how can you not consider it?! The perks are that you can see yourself being perfectly happy living out your days in this home and you can see how much money you'll net when do actually sell your current home. Plus, how nice will it be to have a place to move into immediately once you do sell your current home?!
Then, there's also always the potential of carrying both homes, if you have the finances, and rent your first home out. This is an especially intriguing idea if the ...
Amazing! Jefferson County Schools open today when ice and snow cover streets and accidents are everywhere! Yet they closed schools earlier in the month because of the mere threat of bad weather. I would bet that the powers that control the school closings took heat for the pre-mature closing and decided to wait this one out.
Looking back now, poor choice don’t you think? Understandably it’s easy to say that now after the storm hit. To the school systems credit, the weather forecasters have a habit of calling for the sky to fall even when nothing happens. So is this a case of finding as reliable source for weather forecasting accurately?
Admittedly, some of these storms are difficult to predict. The sweeping storms coming across the U.S. have a tendency to change tracks and past models don’t hold up. Is it me, or is this winter worse than past years. I can remember years when we had several hit and miss storms but this year seams worse for some reason. Could we see a repeat of the Blizzard of 1994?
For more information about Louisville Real Estate or to work with the hardest working Real Estate Team in Louisville Kentucky “The Sokoler Medley Team” (AKA The Real Estate Bulldogs) at RE/MAX Properties East head to https://www.weselllouisville.com or call (502) 376-5483. With a decision this important, it’s nice to have a team of BULLDOGS on your side!
It's a celebration!
No one could predict 12 months ago what would happen to Louisville Home Sales during 2013. There were indicators that the housing market was recovering but there was no way to know if it would continue throughout the year. Today as we begin 2014 and look back at the year in real estate, it’s safe to say 2013 outperformed expectations.
In December 2013 alone, the number of homes that sold and closed was up 17.25% compared to one year before. The number of homes going under contract in December compared to the year before was up 5.59%. Most of the other numbers for home sales were up as well, the average days on the market dropped in many parts of the city from 81 days to 69 days. The average selling price went from $166,117 last year up to $ 172,238 in December 2013. It should be noted the median sales price actually dropped from $138,450 in December 2012 to $136,000 in December 2013. (Raw data is contained at the end of this article)
During research for this blog post and for an article in Business First, we determined the average price of homes sold by Louisville real estate agents is actually higher now in many parts of Louisville, than before the recession of 2007. In the Business First article “Year In Review: Rebound In Housing Market”, reporter Kevin Eigelbach correctly pointed to the strong recovery in Louisville home sales for 2013....