The Louisville Real Estate Blog

Louisville Home Sale Trends for 2014

We're tracking a hot selling marke for 2014

Here are some highlights:

1)      As of this morning there were 5922 homes on the market, fewer than in years past.

2)      There are more buyers actively searching for homes than we've seen in years past. That's due in part to confidence in the economy, interest rates remaining fairly stable and people between the ages of 25 and 35 coming into the marketplace to buy their first home.

3)      Much of the east side of Louisville is red-hot when it comes to selling a home. But, the home has to be in good condition, staged correctly(that means no junk lying around, countertops cleaned of clutter and furniture laid out to take advantage of the room size) and price. In fact the homes that sold the fastest are actually priced a little below fair market value. Where personally seeing multiple offers come in on one property raising the price above market value.

4)      Overprice a house by even $5000 and the home could sit for an extended period of time.

5)      Single-family homes are continuing to outsell condos.

6)      High-end pictures and videos are more important than ever when it comes to promoting a home, buyers will almost demand better pictures to see what a room looks like.

Property Type Year to Date...

Insider Tips for Buying Investment Property in Louisville

Two Insider Tips for Buying Investment Property

It doesn't take a brain surgeon or a rocket scientist to be able to buy investment property in Louisville but there are always a couple tips that you can take advantage of to make your efforts a little easier. There are many things you can do to ensure your success in investment property. Here are a look at two you may or may not know about.Insider Tips for Buying Investment Property in Louisville

Know Your Canvas

It's important to get to know the home values in the area you're canvassing (the area where you'll be making offers). Your canvas area is where you intend on concentrating your marketing efforts. You can gain much of this information from the MLS listings but an even better way is to take a Sunday and hit the open houses. Not only is this a great way to find out the home values but you'll see firsthand "what" exactly sells for that price.

Get to Know the Local Agents

Secondly, while you're out canvassing your canvas and checking out the open houses, it's also the perfect opportunity to get to know local real estate agents. This can put you at the top of their buyers list when they have an "ugly" house to sell. Sometimes realtors get calls from repeat customers that have "junkers" to sell and the realtor can't simply say no to taking the listing. However, they don't want to spend time and energy marketing and advertising the property. That's where they're list of investors comes into play. Investors like you...