Solid Second Quarter Home Sales in Louisville

With an upward trend across the board in the first quarter for just about every neighborhood in the Louisville housing market, it is no surprise that the second quarter is responding in kind. While the number of Louisville homes for sale remains relatively low, home sales continue to increase as prices do too. Continue reading “Solid Second Quarter Home Sales in Louisville”

How’s the Real Estate Market?

I get this questions a lot: “So, Justin, How’s the Real Estate Market?”. Many times people don’t really want the answer to this question, it’s just a conversation starter. But, depending on who you ask, you might hear something like, “Oh, it’s doing well”. I used to say similar things from time to time, but I decided that if I want to actually do someone a service when they ask me that question, it would be better to answer the question, “how’s the real estate market” with real examples, numbers, and statistics. After all, it’s my job as a Louisville Realtor to know the health of the market, and to understand where it fluctuates and what drives it. I’m talking about truly knowing the market, not just telling people, “oh, it’s great” or “I’m super busy right now” like a lot of Realtors will tell you. I’m going to breakdown the why, and explain to you how much better the Louisville real estate market is today versus last year at this time. Home ownership is very affordable right now.

AFFORD THIS

Recently I attended Keller Williams Realty’s annual convention in Orlando, FL. It’s an amazing time to gain knowledge, analyze market trends, and become a better Realtor for my clients. I studied a lot of charts and graphs over the course of the convention, but a few of these graphs stood out to me as absolutely astounding. You hear people talking about mortgage interest rates a lot these days. You may hear people say “money is cheap”. The truth is that our interest rates have been so low for so long that people don’t really hear it when someone tells them that rates are low. I feel that I wouldn’t be doing my job if I didn’t mention it. RATES ARE LOW. They are. Home ownership is more affordable now than it ever has been, and I think these two graphs will explain why:

HomePriceSlide

Continue reading “How’s the Real Estate Market?”

Louisville’s Greatest Awards – 2014 RESULTS

Now that we have entered 2015, it’s time to start looking back at what we experienced in 2014. From restaurants to real estate, Louisville saw some pretty amazing changes, and quite a bit of progress. Based on my personal experience, a few friends, and input from social media throughout the entire year, I have decided to reveal some of the greatest things in Louisville for 2014. There is so much awesomeness that it’s hard to include everyone. Louisville’s Greatest Awards came about based on the following criteria:

Restaurants/pubs: Price, service, product, and atmosphere
Events: Popularity, organization, amenities
Real Estate: All data taken from the Greater Louisville MLS Continue reading “Louisville’s Greatest Awards – 2014 RESULTS”

Selecting a Mortgage Lender for Your Louisville Home Purchase

There are three people that you want by your side when you buy your next home in Louisville: a great home inspector, a proven Realtor, and a knowledgeable local lender that cares. These three people need to be your expert, your proxy, and your adviser throughout the home buying process. Blindly picking them without doing your own due diligence will create problems for you down the road. Since the financing portion of the home buying process determines whether or not you will even need a Realtor and a home inspector, let’s talk about how to pick a mortgage lender that will service your specific needs. Continue reading “Selecting a Mortgage Lender for Your Louisville Home Purchase”

Louisville Renters Become Louisville Homeowners

In doing my job as a Realtor,  I have realized that there are major differences in (1) the types of home buyers out there, and (2) their motivating factors behind wanting to become a homeowner. Por ejemplo (that’s Spanish), right now there are at least 20 different people renting in my neighborhood who could probably qualify for and afford to buy their own home. The differences: some people want to buy a home but they know (or think) they can’t. Some people don’t want to buy a home, and don’t care whether or not they can qualify. And the rest of the potential home buyers out there simply haven’t thought to look into it. No matter which camp you belong to, my advice is this… don’t take advice from people who aren’t qualified to give the type of advice you are seeking. What I mean is, you might have heard someone tell a horror story about buying a home that they heard from someone else. Or maybe you read something in USA Today that made it seem like someone like you could never qualify to buy a home. Instead of accepting defeat, see for yourself! The only way you will ever know is by taking the proper steps to find out. Even if you find out that you can’t buy a house yet, you will at least know what it takes to get there. Continue reading “Louisville Renters Become Louisville Homeowners”

Germantown Homes Fly Off the Shelf

If you’re a homeowner in the Highlands then you’re most likely aware that Highlands homes are hot items and, when priced correctly, should never sit on the market for longer than a week or two. Are you also aware that Germantown homes have the same capability? Within close proximity to the Highlands and the University of Louisville, Germantown has a convenient location at a much more reasonable price than the surrounding areas. Germantown has come a long way in the last ten years, but the biggest difference has been realized in the last two years, and it’s obvious when you see how quickly the homes are selling. Continue reading “Germantown Homes Fly Off the Shelf”

Choosing a Louisville Home Inspector

It’s without a doubt one of the single most important pieces in the home buying process, and something that typically makes both buyers and sellers a little bit nervous. The home inspection period exists in a real estate transaction for the protection of all interested parties. After all, you probably wouldn’t buy a home after learning that it needs $20,000 worth of repairs, but you’d be happy to spend $450 in order to save you from making that mistake. There are a lot of home inspectors out there, but trust me when I say that they are not all created equally. Here are a few things to consider when choosing a Louisville home inspector for your real estate purchase. Continue reading “Choosing a Louisville Home Inspector”

374 Crescent Spring Drive: THE Condo Life

The Louisville condo market is interesting. Actually, I’m pretty sure that you could say this about pretty much any city in the U.S. There are always buyers for condos, but the number of buyers is much smaller than that of a single family residence. Still, condos offer a low maintenance lifestyle that most single family homes cannot offer, as well as amenities that are more affordable and less of a hassle. Some developments have a very self-contained feel to them, offering a desirable neighborhood layout, plenty of parking, a convenient location, and fantastic amenities. Crescent Spring, located in the Clifton area of the 40206 zip code, is one of these developments I speak of. Crescent Spring offers its residents THE condo life. Continue reading “374 Crescent Spring Drive: THE Condo Life”