What Does it Mean When My Realtor says, “We are Waiting for Title” ? As Real Estate professionals we deal with transactions, almost daily, while the average person will own only three to four homes in their lifetime. Most individuals are involved in three to four real estate transactions throughout their lives. Therefore, many terms and technical details of the transaction are not communicated or are just skimmed over with very ... » Learn More about Louisville Real Estate Questions and Answers
Real Estate Agents
April 2018 Home Sales Stats – Bullitt County
April 2018 Home Sales Stats – Oldham County
April 2018 Home Sales Stats
Homes for sale in Louisville, KY are over 6% higher in price than last year. The real estate agents in Louisville continue to experience very low inventory and yet volume of sales continues to pace last year’s volume. There are four market indicators to characterize the current state of the market. Sales Volume The first is sales volume. April 2017 had 1412 transactions while April 2018 saw 1506 transactions which is just over a 6% increase. ... » Learn More about April 2018 Home Sales Stats
To Stage or Not to Stage
Staging Your Home to Sell TLC and every other channel who hosts shows dealing with real estate has brought to light the idea of staging a property. Almost all professionals agree that staging decreases the time on market and increases the chances of getting a full price offer. The question is now, when do you stage? In our professional opinion, staging is not for everyone or for every property. If you decide to stage, ... » Learn More about To Stage or Not to Stage
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #9 Once you close, your real estate agent takes on many different roles. Your real estate agent will help you coordinate your move, your closing for new property or continue your new home search. Regardless, your agent is your first stop to all things real estate. In most real estate transactions if there is a sell then there is a buy. So if you are selling your home, most likely, your real estate agent will be working ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #8 Closing preparation. New closing regulations require a 3-day clear to close period. During that time your real estate agent will work closely with your lender, buying agent, buying lender, and closing attorney to work out any last minute items to finalize closing terms. The closing of your home will seem like it is floating in thin air so here are the things going on behind the scenes, getting your home clear to close. ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #7 Contract to close. Your real estate agent will work with the loan officer and closing attorney to make sure all paperwork and documentation are in order to close your home. Once you and your real estate agent come to terms on repairs with the buying side of things, the next step is to get a closing date in line. As the seller, your major responsibility will be getting ready to move out. Your real estate agent will help you ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #6 Navigate through the inspection & repair request when selling your home. Once a contract is accepted for the purchase of your home, your buyer will have an inspection. The inspection will reveal any issues deemed repairable by the buyer. Your real estate agent will help you negotiate repairs from the inspection. Part of the home buyer experience is the home inspection. The home inspector is one of the ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #5 Receive, present and advise on all offers made on your house. Once your listing is on the market you will have showings culminating in an offer or multiple offers. Your real estate agent will present those offers and help you negotiate through the nuances of each. Once your house is on the market, your real estate agent will shift from a marketing firm to a negotiator. The average days on market is around 30 days ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #4 Outline a marketing strategy. Your real estate agent should communicate to you their marketing strategy and the vehicles they will use to market your property. If your agent is not using social media to market listings they are behind the game. Establish a Listing Price Your real estate agent will begin your marketing strategy by establishing a listing price for you home. ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #3 Help you prepare your property to go on the market. This includes prioritization of repairs, staging hints and decluttering. Your real estate agent can give you basic guidelines or put you in contact with stagers in the Louisville are who specialize in staging real estate. Selling Your Home Once you have committed to selling your home, your real estate agent will begin the process of guiding you through what it will take to get ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #2 Customize selling strategy based on needs. Timetable, market analysis, and financial needs are all part of determining the perfect selling strategy. Your real estate agent has vast resources at their disposal. Real estate agents are, essentially, proxy marketing agencies. Price location and product are what will get your home from listed to sold, and your real estate agent is the conduit to pool all those things to together ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
Thing #1 Clarify selling motivation, determine financial and timing needs. There are three factors to consider when you want to put your house on the market. Your real estate agent will make sure they: Know your motivation. Determine your financial needs. Outline a timeline to closing. Know Your Motivation Your motivation to sell will be as unique as your property. Are you moving out of state? Are you upgrading or ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
The 9 Things Your Real Estate Agent Does for You When Listing Your Home
1. Clarify selling motivation, determine financial and timing needs. 2. Customize selling strategy based on needs. Timetable, market analysis, and financial needs are all part of determining the perfect selling strategy. 3. Help you prepare your property to go on the market. This includes prioritization of repairs, staging hints and decluttering. Your real estate agent can give you basic guidelines or put you in contact with stagers in the ... » Learn More about The 9 Things Your Real Estate Agent Does for You When Listing Your Home
March Continues Trend for Sellers’ Market in Louisville
Month after month, statistics from real estate sales in the Louisville set all time highs. March was no different. Sales are down almost 4% from the previous year, which is likely due to the severe deficit in inventory. Available homes for sale is down just over 11% from this time last year; and Average home prices and median home prices are roughly $213,000 and $172,000, respectively. These prices are up about 6% from this time last year and ... » Learn More about March Continues Trend for Sellers’ Market in Louisville
What is Your Real Estate Agent Doing For You?
Thing #9 They are there through the Home Ownership Process. Your real estate agent has been with you every step of the way up to this point. The closing is over, and you are unpacking boxes in your new home. All of a sudden it hits you. For the last three months you have talked to your real estate agent almost daily. Often times they were the first person you called in the morning and the last person you called before you went to bed. ... » Learn More about What is Your Real Estate Agent Doing For You?
Questions to Ask Your Realtor and How They Should Answer
Key Questions to Help You Choose The Right Realtor How long have you been a Realtor? Someone who has been a Real Estate Agent 1 year may be the next best thing but do you want to be the one who finds out? This is possibly the biggest financial decision you will ever make. Are you full time? There are many Real Estate Agents in the Greater Louisville Association of Realtors who sell part time. Especially in a ... » Learn More about Questions to Ask Your Realtor and How They Should Answer
What is Your Real Estate Agent Doing For You?
Thing #8 Orchestrates the stressful time, from contract to close. The right house is only half the battle when you are buying a home. Before you start, your real estate agent should walk you through the whole process. After you get an accepted contract, because your real estate agent was able to construct a standout offer, you will then have an inspection, followed by repair request negotiations, then your loan officer will order an ... » Learn More about What is Your Real Estate Agent Doing For You?
What is Your Real Estate Agent Doing For You?
Thing #7 Capable of writing competitive offers, and has the tools in their bag to make your offer stand out. As stated in the opening blog of this series, real estate agents in Louisville are facing some of the most competitive times in the history of recorded market analysis. Average days on market is 20-30 days lower than last year’s averages, and absorption rates are teetering around three months. Available homes are down 50% from ... » Learn More about What is Your Real Estate Agent Doing For You?
What is Your Real Estate Agent Doing For You?
Thing #6 Works for you Full Time. Deciding to buy a home, whether it is your first one or a retirement home, should always be done with a professional FULL TIME real estate agent. I cannot emphasize enough the importance of using a real estate professional in the Louisville real estate market, even more so with the current market conditions. There are assumptions and misconceptions made about the role of a real estate agent. Many times, I ... » Learn More about What is Your Real Estate Agent Doing For You?
What is Your Real Estate Agent Doing For You?
Thing #5 Educates you on market conditions and has a trusting relationship to make the call on when to offer and when to keep looking. The current state of the Louisville real estate market lends itself to pretty interesting conversations. The one conversation all real estate agents need to consistently have with their buyers is the state of the market. Currently, buyers are faced with an inventory down 30% from 10 ... » Learn More about What is Your Real Estate Agent Doing For You?
What is Your Real Estate Agent Doing For You?
Thing #4 Creates a detailed home search and is available, personally, or with a team to move quickly on “hot listings.” It is one thing to be able to define your wants and needs but now is the time to put your list to action. Your Real Estate Agent should have the capacity and resources to build your list parameters in a search service, which sends you listings as soon as they hit the market. Again, a point worth making, currently ... » Learn More about What is Your Real Estate Agent Doing For You?
What is Your Real Estate Agent Doing For You?
Thing #3 They know “the Ville.” Louisville is as unique as the 15 ways you can pronounce the name. Louisville is a big city with a small-town personality. Everyone knows everyone, and if you ask what school someone attends the response is their high school. With that being said, the Louisville Real Estate is just as diverse and is very intimate to small town understand. Your real estate agent should have a big picture understanding of ... » Learn More about What is Your Real Estate Agent Doing For You?