The MLSKY.net Blog

When to Walk Away from a House

Not Every Home is THE Home

By Mike Hall, Broker/Agent/Owner

Man in distress

Sometimes you have to walk away and keep looking!

In today’s housing market, it’s hard to let go of a home if you think you’ve found the right one, but there are often solid reasons to step back from closing. Any of our Red Edge agents can help you navigate these common issues and anything else that might come up as your search for your dream home.

  • Issues discovered during inspection – From faulty foundations to expensive cover-ups, the inspection can reveal a lot about the issues you’ll face if you buy that house.
  • Low appraisals – If an appraisal comes in too low, your bank will probably balk.
  • Paperwork problems – The house-buying process has a lot of paperwork, and even small issues could cause big delays or cancelations in the end.
  • Change in financial circumstances – A change in jobs, loss of income, unexpected expenses, divorce, and other issues can change your budget and housing plan.
  • Contingent plans fall through – One of the most common issues is when a close is contingent on the selling of another house and it simply doesn’t...

Buying a House Virtually

How to shop for your next Louisville house without going inside.

By Mike Hall, Broker/Agent/Owner

Person with masking on computer

The COVID-19 Pandemic has changed the game!

When COVID-19 shut down the usual methods for buying and selling houses, everyone had to get more creative. Houses were still for sale in the Louisville area and buyers were still looking for their next dream home, so the process continued in a whole new way. Though some regulations have eased, and many things have become easier, a virtual buying experience is still a common request.

If you’re looking to buy your next home, but desire a contact-free experience, we’d love to connect you with a Red Edge agent who knows exactly how to help you find your future house.

Here are some things to help make your virtual experience better:

  • Know what’s being said — and what’s not — on the listing. Photos can show just what the seller wants you to see, so watch for what’s not being shown. Ask yourself some important questions: Are there more images of the exterior than the interior? Are closed curtains hiding an unpleasant view? Are the images skewed to make a room look bigger?
  • ...

Micro Mortgage Loans Could Lead to Greater Home Buyer Possibilities

Lower and middle-income families have more options!

By Mike Hall, Broker/Agent/Owner

money jar for home

New program could help first-time home buyers!

Many lower- and middle-income families would like the privilege of buying their own home. They could build equity, enhance their security, and mortgage payments are often lower than renting a similar property. One barrier has been the absence of mortgage loans available for houses less than $100,000. A new program is aiming to address that inequality.

The MircoMortgage Marketplace will write mortgages for less than $100,000, and will also help simplify the process for families who qualify. This program hopes to give potential home-buyers a fair chance against cash-buyers, which should help serve the families who want to help build their credit and equity. It’s good for the neighborhoods and for the home buyers.

If you’re ready to look into that leap of buying your very first home, call an agent today!

[Source: Louisville Business First]

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Socially Distanced Summer in Louisville

There’s still plenty for your family to do in Louisville this summer!

By Mike Hall, Broker/Agent/Owner

summer outdoors trail

There are many ways for your family to enjoy a socially distanced summer.

There’s no doubt that the summer of 2020 will be different than any other. Though there are certainly some limits, a little creativity and research can still lead you toward a fabulous, socially distanced summer in Louisville. It’s just another reason that it’s great to live in this city!

There’s something for everyone this summer. There are modified ways to visit your favorite indoor experiences, like museums, galleries, bowling, and dessert shops. If you’re feeling like trying some new sports, there are many ways to explore various outlets like tennis, archery, frisbee, and cricket.  

The Louisville area is full of walking trails, bike paths, and scenic overlooks. There are also farmer’s markets, local art exhibits, walking tours, plays and performances, and amusement parks. And that’s just the beginning for family fun this summer!

For more to do this summer in Louisville, check out ...

As restrictions ease, how should buyers proceed?

Ready to Buy!

By Mike Hall, Broker/Agent/Owner

home on a table

Prepare yourself for buying a house in this season.

As social distancing restrictions begin to lighten, many people are turning their thoughts again toward buying a house. If you’re considering taking this exciting step, it will help you to know what obstacles you might need to navigate. Here are some potential issues you might consider as you make plans:

  • Supply is still limited. Many home sellers are waiting until a greater time of certainty to list their houses on the market, so the market is tight and competitive.
  • Banks and other mortgage companies might have greater requirements for lending, including higher credit scores, proven job security, and minimum down payment percentages.
  • Ongoing flexibility will be necessary for viewing homes, meeting with involved parties, and proceeding within ever-changing safety protocols.

If you’re ready to begin the journey, we’d love to connect you with an agent today who will help you walk through the challenges and opportunities of this unique season.

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Buying a House During Covid-19

Buying a House During Covid-19

We can help you!

By Mike Hall, Broker/Agent/Owner

couple happy in new home

All hope is not lost if you want to buy a home now.

Though there is a global pandemic keeping many people at home and at a safe distance from one another, many buyers still want or need to find their new home. Though inventory is much lower than is ideal and social distancing and stay-at-home orders make the process anything but straightforward, there are still ways our agents can help you find the perfect home for the next season in your life.

With modern technology and proper safety precautions, virtual and physical showings are possible, and closings can still be completed with revised guidelines. Contact an agent today to see how we can walk with you through this process to help you find your next home.

...

A First-time Buyer’s Guide to the Open House

Navigate an Open House Like a Pro

By Mike Hall, Broker/Agent/Owner

Open house in Louisville
Visit your first open house armed with seasoned home-buyer savvy.

In Louisville's competitive market, any home buyer wants to make the most of an opportunity to explore a potential home, and first-time buyers can be at a distinct disadvantage if they don’t know what to ask or look for.

In some situations, you might only get one glimpse at the home before you need to make an offer, and an open house can be an especially competitive situation. Louisville buyers should come prepared, with thorough research and questions they’re ready to ask. Here are some tips to help the first-time buyer shop like a seasoned pro. Of course, Red Edge agents would love to help you navigate this complicated process. Call today to get started.

  • Make a good impression: Dress intentionally, be courteous, and don’t be afraid to ask questions.
  • Look for the important things: As you’re touring through the house, check for key issues like water damage, uneven floors, cracks in the walls, and missing shingles on the roof.
  • Watch for competitors: Do the other visitors in...

Louisville Exploring Residential Projects

More Homes Coming to Louisville

By Mike Hall, Broker/Agent/Owner

construction hats

New housing developments could mean more homes in Louisville.

Louisville officials have announced that several housing projects are being explored, including a new development from RJ Thieneman along S. Hurstbourne Parkway and Watterson Trail.

This project will include apartments, townhomes, single-family homes, and a senior living community. There are also talks of new developments on the East End of Louisville and in Southeast Louisville from homebuilder Fischer Homes, which would provide hundreds of new homes.

These developments are all projecting to have houses available in the $180,000-$300,000 range, which could be great news for home buyers.

This range has been in demand during this intense housing season, and new homes in this price range could help ease that shortage. Details are still being worked out, but if you’re hoping for a home in this area, we’d love to talk with you about what these developments could mean for potential home buyers and the Louisville housing market.

[Source: Louisville Business First]

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Louisville is a GREAT city for first-time home buyers!

It’s looking like 2020 will be the year to buy!

By Mike Hall, Broker/Agent/Owner

home

Louisville is included in the top five cities for first-time homeowners.

It’s looking like 2020 will be a great year for buying a home in Louisville, especially for first-time homeowners. National interest rates are low, and many people are finding that they can afford more than they expected.

As more and more people begin getting married and beginning their families, they are naturally turning toward home ownership in this prime season. Of course, more demand often meets fewer options, so in many cities, people who are ready and eager to buy a house are finding a shortage of properties to choose from. But Louisville is no ordinary city! Along with Oklahoma City, Memphis, Birmingham, and Kansas City, Louisville was ranked as one of the top five cities offering ample affordable homes for first-time home-buyers.

So, if you’re ready to find your first home—learn more about the city and your options, and connect with an agent today. It might be your first time, but we’re experienced and confident that we can serve you in this process. Let us help you find your perfect home in this incredible city!

[Source:...

Buy a Great Housewarming Present This Christmas!

Tips for buying gifts for the new homeowners in your life

By Mike Hall, Broker/Agent/Owner

bird feeder

Say “Welcome home!” with one of these perfect housewarming gifts during the holidays.

As you’re going through your Christmas gift list this year, here are some tips for the new homeowners in your life. Or, if you’re settling into your own new home, here are some ideas to pass along to the friends and family who might be looking for the perfect gift for you!

Consider these housewarming gift ideas for the perfect way to say, “Welcome home!”

  • Personality-specific welcome mat
  • Mini wreath
  • Monogramed keychain
  • Succulents or other small house plants
  • Custom painting
  • Welcome sign for the front porch
  • Lily bulbs that can be planted in the spring
  • Birdhouse
  • Personalized throw pillows
  • Key holder with hooks
  • City or state themed candle
  • Homeowner tool kit
  • Bird feeder
  • Framed city art

Of course, if you’re still looking to find that perfect home, we’d love to talk with you today about finding that dream house.

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