The MLSKY.net BlogRecently posted or modified blog postshttps://www.mlsky.net/blog/Copyright MLSKY.net2024-03-06T07:33:44-07:00tag:mlsky.net,2012-09-20:22436Maximize your homeowner tax deductions and creditsShould you itemize?
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/0324Taxes_Medium.png" width="640" height="369" alt="Tax forms" title="Tax forms" class="bordered" />
Most individuals take the standard deduction on their federal taxes. The standard deduction for the 2023 tax year is $13,850 for single or married filing separately, $27,700 for married filing jointly, and $20,800 for heads of household.<a href="https://www.mlsky.net/#_ftn1" title="">[1]</a> However, if you decide to itemize, what expenses can you deduct on your annual taxes?
Qualified expenses that you can deduct include:<a href="https://www.mlsky.net/#_ftn2" title="">[2]</a>
<a href="https://www.investopedia.com/salt-5180146">State and local real estate taxes (SALT)</a>, up to $10,000
Home mortgage interest (with <a href="https://www.irs.gov/publications/p530#en_US_2021_publink10006477">limits</a>)
Mortgage insurance premiums
Some necessary home improvements
Home office expenses
Capital gains
Home equity loan interest
Discount or mortgage points
<a href="https://www.energy.gov/eere/buildings/state-and-local-incentives">Energy rebates or tax credits</a> for energy-efficient home improvements
<a href="https://revenue.ky.gov/Property/Residential-Farm-Commercial-Property/Pages/Homestead-Exemption.aspx">Homestead exemption<br /><br /></a>
There are also expenses you cannot deduct:<a href="https://www.mlsky.net/#_ftn3" title="">[3]</a>
Insurance (other than mortgage insurance)
Amount paid toward the principal of the mortgage
Wages paid for domestic help (i.e. housekeeper)
Depreciation
Cost of utilities (i.e. gas, water, electricity, internet)
Most settlement or closing costs
Forfeited deposits, down payments
HOA fees or condo fees
Home repairs<br /><br />
What federal resources are available for homeowners:
<a href="https://www.irs.gov/forms-pubs/about-form-8396">Mortgage interest credit</a>
<a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund">Homeowners assistance fund</a>
<a href="https://www.irs.gov/publications/p517#en_US_2021_publink100033607">Minister’s</a> or <a href="https://www.irs.gov/forms-pubs/about-publication-3">military</a> housing allowance
<a href="https://www.hud.gov/topics/buying_a_home">First time homebuyers<br /><br /></a>
Talk with the experts—your realtor and accountant--before filing your taxes.
<a href="https://www.mlsky.net/#_ftnref1" title="">[1]</a> <a href="https://www.investopedia.com/articles/personal-finance/051915/what-are-tax-advantages-when-buying-home.asp">https://www.investopedia.com/articles/personal-finance/051915/what-are-tax-advantages-when-buying-home.asp</a>
<a href="https://www.mlsky.net/#_ftnref2" title="">[2]</a> <a href="https://www.rocketmortgage.com/learn/tax-deductions-for-homeowners">https://www.rocketmortgage.com/learn/tax-deductions-for-homeowners</a>
<a href="https://www.mlsky.net/#_ftnref3" title="">[3]</a> <a href="https://www.irs.gov/newsroom/know-whats-deductible-after-buying-that-first-home-sweet-home">https://www.irs.gov/newsroom/know-whats-deductible-after-buying-that-first-home-sweet-home</a>
2024-03-06T07:29:52-07:002024-03-06T07:33:44-07:00Mike Halltag:mlsky.net,2012-09-20:22268Look into the Crystal Ball2024 housing market predictions.
by MIKE HALL, Owner/Agent/Broker
While the experts can’t definitively tell us what the future holds, they can provide a prediction based on past and current market trends. Will changes in inventory or supply, mortgages rates, and home prices make housing more affordable in 2024? Unfortunately, unaffordability persists as the biggest issue for homebuyers.<a href="https://www.mlsky.net/#_ftn1" title="">[1]</a>
Let’s look at these factors.
Inventory
Inventory of existing homes for sale will continue to remain low. Current homeowners are unswayed to sell given their current low mortgage rates; thus sellers will maintain an advantage.<a href="https://www.mlsky.net/#_ftn2" title="">[2]</a> New housing starts have picked up slightly and will influence inventory, however, just not enough to make a large dent.<a href="https://www.mlsky.net/#_ftn3" title="">[3]</a>
Mortgage rates
Mortgage rates have steadily declined since their peak of 7.79% in 2023.<a href="https://www.mlsky.net/#_ftn4" title="">[4]</a> Despite the decline, rates are still high compared to pre- and early pandemic years, so supply will remain low. These high rates are still dissuading buyers.<a href="https://www.mlsky.net/#_ftn5" title="">[5]</a>
Home prices
Home prices are likely to remain higher than pre-pandemic prices, despite cooling slightly from 2022 highs. Prices will also rise with appreciation and lack of inventory, making homebuying unaffordable for many.<a href="https://www.mlsky.net/#_ftn6" title="">[6]</a>
What other factors are affecting the market?<a href="https://www.mlsky.net/#_ftn7" title="">[7]</a>
Foreclosures: continue to remain low at 60% of pre-pandemic levels
Economy: low unemployment, wage growth, and declining inflation have strengthened the economy
Curious about navigating the 2024 housing market? Get ahead of the game and explore your options today! Whether you're a home buyer, seller, or looking for a rental property, our expert Red Edge agents are here to guide you through the market's twists and turns. Connect with us now to turn these predictions into opportunities and make your real estate goals a reality. Your dream home may be closer than you think!
<a href="https://www.mlsky.net/#_ftnref1" title="">[1]</a> https://money.com/housing-market-forecast-2024/
<a href="https://www.mlsky.net/#_ftnref2" title="">[2]</a> https://money.com/housing-market-forecast-2024/
<a href="https://www.mlsky.net/#_ftnref3" title="">[3]</a> https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/
<a href="https://www.mlsky.net/#_ftnref4" title="">[4]</a> https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/
<a href="https://www.mlsky.net/#_ftnref5" title="">[5]</a> https://www.bankrate.com/real-estate/housing-market-2024/
<a href="https://www.mlsky.net/#_ftnref6" title="">[6]</a> https://www.bankrate.com/real-estate/housing-market-2024/
<a href="https://www.mlsky.net/#_ftnref7" title="">[7]</a> https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/
2024-02-05T13:16:39-07:002024-02-05T13:18:57-07:00Mike Halltag:mlsky.net,2012-09-20:22073New Year, New You, New HomeWork on your credit to qualify for homebuying
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/2401CreditCard.png" width="550" height="368" alt="Credit Card" title="Credit Card" class="img_box_center" style="display: block; margin-left: auto; margin-right: auto;" />
Every year, millions of people make a New Year’s resolution. Some want to lose weight. Some want to kick a bad habit. Others want to find a better job. Is yours to buy a home?
Home buying relies on getting approved for a mortgage using your credit score or FICOâ score. Your FICOâ score determines how much you can borrow, and if you would be approved at all. What can you do to make sure you have a high FICOâ score?
The first step to improve your credit score is to get a copy of your credit report from the three reporting companies – Experian, Equifax, and TransUnion. For information on requesting a free copy of your credit reports, go to the <a href="https://www.consumerfinance.gov/ask-cfpb/how-do-i-get-a-free-copy-of-my-credit-reports-en-5/">Consumer Financial Protection Bureau</a>. Check for outstanding debt, payment history, debt in collections, and any inaccuracies.
What information is in your credit report?
Personal information; including name, birthdate, social security number, address, and phone number
Employment history
Consumer statements, such as statements you’ve submitted previously to credit bureaus
Account information; including open accounts, closed accounts, dates those accounts were opened/closed, payment history, current account balances, loan payment status, and credit utilization. Credit utilization is how much of your available credit is used at any given time.
Public records, such as bankruptcies, foreclosures, tax liens, or civil judgments
Hard credit inquiries
<br />Now that you have your credit reports, how can you bring up your score?
Set up auto bill pay. Avoid late and missing payments by setting up automatic bill pay through your bank or the credit card company. Just be sure you have enough money in your account when the payment is scheduled to come out.
Pay down your balances. If you have a lot of debt, especially on high-interest credit cards, pay those balances down. One way to help is to transfer balances from high-interest cards to a card offering no interest on transfers for 12-18 months.
Pay off debt in collections. If you have debt in collections, work with processors to pay off the debt.
Clear up medical debt. If some of the debt is due to medical bills, work with the billing agency of the provider to lower the payment or get it dismissed. In April 2023, the <a href="https://www.consumerfinance.gov/ask-cfpb/what-is-a-surprise-medical-bill-and-what-should-i-know-about-the-no-surprises-act-en-2123/">No Surprises Act</a> went into effect. The act required that all three reporting companies must remove all paid medical debts, those less than a year old, and medical collections under $500 from consumer credit reports.
Dispute credit report inaccuracies. See inaccuracies in your credit report? Work with credit agencies to fix any issues.
Build credit. If you need to build credit due to having had no previous credit or bad credit history, apply for a secured credit card. A secured credit card requires a cash deposit which is the limit of what you can purchase on the card. This creates a credit history but prevents you from acquiring a high debt amount that may be difficult to pay off.
Get credit for monthly bills. Experian Boost, a free service, allows you to add monthly on-time bill payments for rent, utilities, phone, etc. The caveat is that it only affects your Experian credit report. Check with your landlord to see if they participate in a <a href="https://myhome.freddiemac.com/renting/how-get-your-rent-reported-credit-bureaus">rent reporting service</a> or use a reputable <a href="https://www.chase.com/personal/credit-cards/education/build-credit/does-paying-rent-build-credit-history">third-party service</a> to report your rent payments.
Keep old accounts open. While it may be tempting to close old credit card accounts you no longer use, it’s better to keep it open. It impacts your credit to debit ratio in a positive manner.
Pay off credit cards monthly. Many individuals like to use credit cards for the rewards points. If you do, be sure to pay the cards off monthly or even weekly to avoid interest charges and increasing your debt.
Apply for loans within a short time. Applying for a loan hits your credit report as a hard inquiry. When credit bureaus see multiple applications for the same type of loan within a short time, they tend to group them into one instead of multiple inquiries.
For more tips on increasing your credit score, check out these sites and talk with your Red Edge real estate agent:
<a href="https://www.nerdwallet.com/article/finance/raise-credit-score-fast">https://www.nerdwallet.com/article/finance/raise-credit-score-fast</a>
<a href="https://www.experian.com/blogs/ask-experian/ways-to-improve-credit/">https://www.experian.com/blogs/ask-experian/ways-to-improve-credit/</a><br /><a href="https://www.equifax.com/personal/education/credit/score/articles/-/learn/how-to-improve-credit-score/">https://www.equifax.com/personal/education/credit/score/articles/-/learn/how-to-improve-credit-score/</a>
<a href="https://www.myfico.com/credit-education/improve-your-credit-score">https://www.myfico.com/credit-education/improve-your-credit-score</a>
<a href="https://www.creditkarma.com/advice/i/quick-tips-build-credit">https://www.creditkarma.com/advice/i/quick-tips-build-credit</a>
2024-01-03T06:47:26-07:002024-01-03T06:52:46-07:00Mike Halltag:mlsky.net,2012-09-20:21945How To Find the Right Agent When Buying or Sellingby MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/1223_AgentDecision.png" width="468" height="335" class="bordered" />
Image by <a href="https://pixabay.com/users/mohamed_hassan-5229782/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=6650186">Mohamed Hassan</a> from <a href="https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=6650186">Pixabay</a>
So, you’ve decided to buy or sell a home. You may have a friend or family member who’s an agent. But do you know if they’re the right agent for you?
What’s the difference between a real estate agent, broker, and realtor?
Real Estate Agent: All real estate agents must be licensed in the state where they work and must abide by state and national laws.
Real Estate Broker: A broker has additional training beyond what an agent receives and has a broker license. Brokers must complete state-required courses and pass an exam and can oversee other agents.
Realtor: Realtors are licensed agents or brokers who are members of the National Association of Realtors and abide by the association’s standards and code of ethics.
How do you find the best?
1. Compare agents.
Look at online reviews, including customer service.
Ask friends for references and talk to former clients.
Check credentials, such as ABR (Accredited Buyer’s Representative) and ASR (Accredited Seller Representative).
Check the agent’s track record, including closing rate, closing time, and accurate pricing.
2. Interview agents.
Ask questions such as how many homes they close on yearly, how will they help you buy/sell a home in this market, how will they communicate with you, what is their fee, do you need to sign a contract and is there a penalty to cancel, and how long they’ve been an agent.
<br />3. Choose an agent.
Expertise matters. Make sure the agent has knowledge not just about real estate, but also the local market. If it’s a selling agent, are they knowledgeable about new marketing techniques.
Make sure you like and trust the agent. Will the agent help you in the process or cause more anxiety? Will they answer your questions or avoid you?
I think the best agents with local knowledge and marketing expertise work at Red Edge Realty and you can find the right-fit agent with us. Check out a list of agents organized by location when you select Agents from our <a href="https://www.rededgelive.com/">homepage</a>.
For more information on choosing the right agent, check out these articles:
<a href="https://www.forbes.com/advisor/mortgages/real-estate/how-to-find-a-real-estate-agent/">https://www.forbes.com/advisor/mortgages/real-estate/how-to-find-a-real-estate-agent/</a>
<a href="https://time.com/personal-finance/article/how-to-choose-a-real-estate-agent/">https://time.com/personal-finance/article/how-to-choose-a-real-estate-agent/</a>
<a href="https://www.realestatewitch.com/how-to-find-a-real-estate-agent/">https://www.realestatewitch.com/how-to-find-a-real-estate-agent/</a>
<a href="https://www.nerdwallet.com/article/mortgages/are-all-real-estate-agents-the-same-which-realtor-is-right-for-you">https://www.nerdwallet.com/article/mortgages/are-all-real-estate-agents-the-same-which-realtor-is-right-for-you</a>
2023-12-06T07:45:59-07:002023-12-06T07:52:27-07:00Mike Halltag:mlsky.net,2012-09-20:21788Keep the Griswolds’ Decorating to the MoviesLess is more for holiday décor when selling your home
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/1223XmasSimple.jpg" width="884" height="600" alt="Christmas Tree" title="Christmas Tree" class="bordered" />
Photo by <a href="https://unsplash.com/@framesforyourheart?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Frames For Your Heart</a> on <a href="https://unsplash.com/photos/aN21jB8GfKs?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>
November and December are a time for family and friends. Many holidays during these months welcome friends and family into our homes. We also decorate our homes to celebrate the season with pumpkins, a Christmas tree, menorah and family photos and mementos.
But how should you decorate when wanting to sell? Here are some simple tips to decorating your home during the holidays when your house is on the market.
Clean and stage your home. Clear the clutter and cobwebs before you decorate. Add a fresh coat of paint on the walls and fix any to-do list projects.
Create a cozy vibe. Less is more when it comes to holiday decorations. Use white lights instead of colored and keep them simple. A wreath on the door instead of a yard full of lawn décor. Your kids may love the giant inflatable snowman, but home buyers may not be able to see the landscaping or architecture of the home. Keep décor that moves and makes noise to a minimum.
Make sure decorations complement the home’s current décor and color palette. Use decorations to accentuate the positive features of the home like a fireplace mantel. Just make sure to keep the personalized items packed. Keep decorations neutral. Overtly religious items may be off-putting to potential buyers.
If you have a Christmas tree, make sure it shows off the space instead of making it cramped. Switch out family ornaments with a theme like red and gold balls.
Don’t block natural light. Putting décor in a windowsill may be a tradition, but forgo it this year to allow natural light to shine in.
Use subtle holiday scents like cinnamon or pumpkin spice and evergreen to spruce up the home.
Contact a Red Edge agent for more tips on making your home holiday cozy but inviting for buyers.2023-11-06T09:57:00-07:002023-11-05T18:15:05-07:00Mike Halltag:mlsky.net,2012-09-20:21588Is Bigger Always Better?For those who think so, Louisville ranks top 5 for largest yards.
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/1023Backyard_Small.png" width="500" height="377" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" />
Do you watch those HGTV shows where they makeover someone’s backyard into a beautiful oasis? Do you want a big yard for entertaining or kids to play or space for a garden? Well, living in Louisville gives you more of an opportunity to have those wishes come true.
According to StorageCafe, Louisville is one of the top 3 cities with large lot sizes among the 50 largest cities in the U.S.; Nashville, Tenn., topping the list.<a href="https://www.mlsky.net/#_ftn1" title="">[1]</a> With a median lot size over 10,000 sq. ft., Louisville is among the top five cities with the largest yards.
So what are the pros and cons of having a large yard?
The pros:
You have the space to create an entertainment area, whether that’s creating an outdoor kitchen and living space or setting up safe place for kids to play. A large backyard can provide your dog ample running and playing room, or you can nurture your green thumb skills with a garden. The great outdoors also provides some health benefits, such as stress reduction. Having a backyard also adds value to your home, especially when it’s a functional space and landscaped.
The cons:
You will need to invest in lawn care equipment or pay a professional. Most areas have ordinances regarding lawn care, so it’s not something that can be put off.
You’ll also be sharing your space with nature, which could mean critters you aren’t fond of and may be considered a nuisance. You’ll also need to prepare your yard for various seasons, such as raking leaves in fall or bringing in plants during winter, and having storage for your yard equipment. Cost can be a deterrent, as well. Landscaping and creating outdoor living spaces can mean spending hundreds or even thousands of dollars.
Whether you decide you want a big yard or not, a Red Edge agent will be able to help you find what you’re looking for.
<a href="https://www.mlsky.net/#_ftnref1" title="">[1]</a> <a href="https://www.storagecafe.com/blog/top-10-us-cities-for-spacious-backyards/">https://www.storagecafe.com/blog/top-10-us-cities-for-spacious-backyards/</a>
2023-09-26T11:14:52-07:002023-09-26T12:32:25-07:00Mike Halltag:mlsky.net,2012-09-20:21496Should I Buy a Home in Louisville?Avoid these common mistakes when purchasing your home
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/0923_House__Cents_Small.png" width="500" height="289" alt="wooden house and change" class="bordered" style="vertical-align: bottom; display: block; margin-left: auto; margin-right: auto;" />
In late August, mortgage rates hit a 22-year high with a 30-year fixed rate home loan averaging 7.23%.<a href="https://www.mlsky.net/#_ftn1" title="">[1]</a> With these rates, lower inventory, and inflated prices, some may delay purchasing a home.
But if you are in the market, don’t let your anxiety and fear keep you from buying. Avoid these common mistakes when purchasing your home.<a href="https://www.mlsky.net/#_ftn2" title="">[2]</a>
Trying to time the market. Just like stocks, the housing market ebbs and flows. Don’t try to figure out the perfect time to buy because conditions will always change.
Worrying only about mortgage payments. The mortgage is just one part of purchasing a home. Buyers need to include homeowners’ insurance, PMI, taxes, and maintenance costs into their budget.
Neglecting your credit score. While a credit score is not indicative of your ability to pay a mortgage, it does impact your ability to get a loan and the rate of the loan. Work on paying down other debt to increase your score.
Buying a home too fast. Take the time to shop around and look at homes. Don’t rush into buying a home, especially sight unseen or bypassing a home inspection. You could end up with a money pit.
Falling in love with a house you can’t afford. Look at your monthly budget with all your expenses and accidentals. Your total housing costs should not exceed more than 28% of your gross monthly income and total debts should be less than 36% of your monthly income. Set a firm a limit to how much you can reasonably afford and only look at homes within your budget, otherwise you may try to talk yourself into a home you can’t afford.
Not securing a mortgage pre-approval. With fluctuating rates, it’s prudent to get a pre-approval loan before shopping for homes. Even with a pre-approved loan, if rates change, your loan amount may also change. You may get pre-approved for a $200,000 loan, but rates increase, and your loan may decrease to $180,0000.
Considering only the house, not the neighborhood and vice versa. Do your due diligence in researching neighborhoods. Look up schools if you have or plan to have kids, research crime statistics, and drive around the area. You may find a house you love in an area you don’t like, or you may find a house that has a few lesser amenities you want, but in the right area and the right price.
Find out the seller’s reason for listing. Is the seller upgrading or downgrading? Moving? Is the seller motivated to sell for a lower price if it’s been on the market a while?
Waiving inspections. During the pandemic, homes were sold above asking price and with inspection waivers. It’s not advised to forgo an inspection due to the risk. What may seem like a small issue of new drywall that covered a small leak, could be a much larger issue.
Not using an experienced agent. During the pandemic, people jumped into the real estate market. But not all agents are created equal. Interview them. Talk to previous clients. Find one with at least 3-5 years’ experience and a track record in offer negotiations. Since a seller usually pays the commission of the seller’s and buyer’s agents, finding an experienced agent as a buyer costs you nothing.
<a href="https://www.mlsky.net/#_ftnref1" title="">[1]</a> <a href="https://www.realtor.com/news/trends/mortgage-rates-surge-to-22-year-high-but-glimmer-of-optimism-ahead/">https://www.realtor.com/news/trends/mortgage-rates-surge-to-22-year-high-but-glimmer-of-optimism-ahead/</a>
<a href="https://www.mlsky.net/#_ftnref2" title="">[2]</a> <a href="https://www.realtor.com/advice/buy/mistake-homebuyers-may-be-tempted-to-make-right-now-is-this-you/">https://www.realtor.com/advice/buy/mistake-homebuyers-may-be-tempted-to-make-right-now-is-this-you/</a>
2023-09-06T12:04:14-07:002023-09-07T10:11:39-07:00Mike Halltag:mlsky.net,2012-09-20:21061Does a pool hurt or help your Louisville home value?Sink or Swim
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/0723_Pool_Medium.png" alt="in ground pool behind house" title="in ground pool behind house" style="display: block; margin-left: auto; margin-right: auto;" width="640" height="481" />
It’s summer and in the Ohio River Valley that means and hot and humid days. And for many it means spending time outdoors, whether kayaking, hiking, barbecuing, or swimming.
Adding a pool in your backyard may be more convenient as opposed to a public pool, but does it add value to your home when you want to sell? The answer isn’t simple. The value is very dependent on the current housing market and if buyers see it as an asset.
What are the costs?
Pools are expensive. While an above-ground pool is significantly cheaper to install than an in-ground pool (approximately $35,000-$65,000), the cost can range from about $3,000-$15,000. This doesn’t include maintenance costs, water, or electricity usage. Added expenses, such as a new liner or cover, hiring a maintenance service, or other repairs can easily increase these costs. And with a pool, you may want to add a deck, patio, or other outdoor landscaping to enjoy the space even more.
A pool is also a liability for homeowners. It will likely raise your homeowner’s insurance and you may be required to install extra security measures, such as a privacy fence.
Will those costs be worth it?
Whether your pool will add value depends on:
the style of pool,
the climate where you live,
if you live in a high-end neighborhood with other homeowners having pools,
if the pool is well maintained,
how much yard space it encompasses, and
if buyers are looking for a home with one.<a href="https://www.mlsky.net/#_ftn1" title="">[1]</a>
In this market, a pool will likely not add value in most neighborhoods. While we have hot summers, we have a distinct pool season and don’t have the use of outdoor pools year-round. Also, above-ground pools consistently lower a home’s value, as opposed to in-ground. However, even an in-ground pool typically only adds about 7%<a href="https://www.mlsky.net/#_ftn2" title="">[2]</a> to your home’s value.
So, when considering installing a pool, think in terms of your enjoyment for now, but realize that it may hinder selling in the future. That public pool in Louisville may be your best bet for swimming and cooling off. If you need help understanding the impact of on home improvement projects, reach out to a Red Edge agent today!
<a href="https://www.mlsky.net/#_ftnref1" title="">[1]</a> https://www.investopedia.com/financial-edge/0910/6-things-you-think-add-value-to-your-home---but-really-dont.aspx
<a href="https://www.mlsky.net/#_ftnref2" title="">[2]</a> https://www.investopedia.com/financial-edge/0910/6-things-you-think-add-value-to-your-home---but-really-dont.
2023-06-20T07:49:13-07:002023-06-20T08:46:28-07:00Mike Halltag:mlsky.net,2012-09-20:21023Ready to Sell Your Louisville Home? Stage your home for future buyers
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/0623HomeStage_Medium.png" alt="Beautifully staged home" title="Beautifully staged home" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="640" height="428" />
Whether it’s a job in a different city, upgrading for an expanding family, or downgrading for retirement, you’ve decided to sell your current home.
Do you know how to optimize your home’s appearance to get more showings and offers?
Louisville buyers want to be able to visualize themselves in your home. Declutter, de-personalize, and spruce up are the general guidelines to selling. Read the previous blog on <a href="https://www.mlsky.net/blog/renew-refresh-reorganize/" target="_blank">spring cleaning tips </a>and follow these recommendations to stage your home.
Pare down and rethink furniture placement. Moving sofas from away from walls and grouping chairs into conversational groups may increase flow and give the room a more spacious feel.
Add an office space. With more people working from home, create a workspace so buyers already have a dedicated space in mind.
Show off storage. Declutter closets and cabinets and organize areas with bins and baskets. Be sure not to overload with storage bins, though.
Amp up lighting. Increase wattage of bulbs and add lamps in darker rooms. Open curtains to let in natural light.
Erase signs of pets. Some buyers may be allergic to fur and dander. Vacuum, dust and change air filters. But also add air fresheners and temporarily remove pet bowls, litter boxes, beds and crates during showings.
Make bedrooms luxe. Make your bed. Add pillows and a throw blanket. Unclutter nightstands and remove personal items.
Hang curtains. Drapes that are a similar color to walls and hanging them from ceiling to just above the floor can create the illusion of a larger room.
Define rooms. Make sure each room has a single purpose.
Add a fresh coat of paint. Remove wallpaper and paint the walls a neutral color.
Declutter and de-personalize. Remove family photos, tchotchkes, collections and other items, such as collector toys, that may turn off buyers.
Remove odors. Air out your home by opening windows. Add some pleasant aromas with candles or air fresheners. Add some fresh colorful flowers.
Update and upgrade. If you have it in your budget, update your kitchen and bathroom if needed. We have contractors we can recommend.
Don’t forget to stage the front and backyards. If a selling point is a backyard meant for family gatherings, highlight it with comfortable seating.
Read more staging tips <a href="https://www.houselogic.com/sell/preparing-your-home-to-sell/home-staging-tips-and-checklist/">here</a>. Need more advice or want to hire a professional stager? Contact your Red Edge Realtor.2023-06-08T07:52:50-07:002023-06-08T08:03:21-07:00Mike Halltag:mlsky.net,2012-09-20:20904Renew, Refresh, ReorganizeGet your Louisville home ready to sell.
by MIKE HALL, Owner, Broker, Agent
<img src="https://assets.site-static.com/userfiles/199/image/0523_Landscaping_Medium.png" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="640" height="517" />
Spring is a time of renewal and new beginnings. Spring is also the best time of year to sell your house and start your life in a new home.
Prep your home to sell with a good spring cleaning. Make a checklist of everything that needs to be completed and check off those tasks one-by-one.
Here are nine spring-cleaning tips that can boost the value of your home when selling.
Deep clean. Don’t just wash down counters or vacuum. Clean out that fridge, get the dust bunnies from under cabinets, and cobwebs from the upper corners of the ceiling.
Paint. Has it been a few years since you’ve painted. Spruce up your home with a modern, fresh coat. Make sure to fill in any holes and nicks as you go. Consider painting your front door to give it a bold new look.
Scrub and seal grout. Is the grout looking dirty? Use a grout cleaner to get those stains out or regrout if needed. Then don’t forget to seal it to keep it looking great.
Get your carpet professionally cleaned. While vacuuming removes much of the dirt, a good deep cleaning can get your carpet looking good-as-new.
Spruce up the outside. Curb appeal helps attract buyers. Plant some new flowers, edge the lawn, and lay down mulch. Think about hiring someone to power wash your driveway and siding to remove that built up dirt and grime.
Toss, donate, sell, or save. Spend time going through your garage and other areas of your home to get rid of junk and items you no longer use. Make piles to help you organize easier.
Fix the little things. Spend time fixing all those honey-do list tasks, like a loose door handle or burnt-out light bulb.
Air out your home. Open windows and air out your home with fresh air. Light some candles, like vanilla, to give a pop of smell.
Hire a professional. Whether it’s a cleaning service or handyman, a professional can save you time and money and make sure those final touches are complete.
For more tips on getting your house ready to sell, contact a Red Edge Realtor.2023-05-12T19:15:00-07:002023-05-12T15:32:31-07:00Mike Halltag:mlsky.net,2012-09-20:20683Homeowners Ask: Best Security SystemsSecure your home and yourself
by MIKE HALL, Owner/Agent/Broker
<img src="https://assets.site-static.com/userfiles/199/image/Security_System_jpg.jpg" alt="Virtual Security" title="App Home Security" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="709" height="250" />
You’ve finally purchased your first home. You want to make sure that your home is safe and secure.
We get asked a lot about services to enhance your home and after being in business for many years, Red Edge agents have seen a lot. When it comes to security systems, there are several options available for Louisville homeowners.
You can subscribe to a security system service, such as ADT or Vivint. These can be all-inclusive providing not just the equipment but also 24/7 monitoring of potential issues. Prices vary for the amount of coverage, and many require minimum year contracts with cancellation fees, so be sure to read the fine print of all contracts.
Another option is purchasing your own security system from a company like Ring or SimpliSafe. This usually entails one-time equipment purchase. With some you can add on 24/7 monitoring, while others alert you through an app instead of third-party monitoring your home.
You may want to start off simply with just a few outside cameras or a video doorbell. Adding onto these starters with motion-sensing flood lights, window and door sensors and interior cameras is easy when using the same system. Many of these products can even be installed by yourself.
Download this <a href="https://www.safewise.com/app/uploads/2022/02/SafeWise-Safety-and-Security-Checklist-for-New-Homes.pdf">safety and security checklist</a> to see how your Kentuckiana home measures up.
2023-03-31T12:58:00-07:002023-03-29T16:46:30-07:00Mike Halltag:mlsky.net,2012-09-20:20591March MadnessDon’t let home renovations make you mad
by MIKE HALL, Owner, Agent, and Broker
<img src="https://assets.site-static.com/userfiles/199/image/0323_Home_Reno.jpg" alt="home kitchen being renovated" title="Home renovations can be messy" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="600" height="401" />
You typically think of basketball when you hear “March Madness.” But if you’re like most people, springtime brings a renewed energy—almost a madness to start or complete home projects or spend hours doing a deep clean and organization of your home.
If you have a list of projects you want to tackle this year to rejuvenate your home, check out the <a href="https://www.homegardenandremodelingshow.com/">Louisville Home Garden and Remodeling Show</a> at the Kentucky Expo Center. Visit the more than 150 exhibitors, listen to expert speakers, and shop the marketplace for new home décor. Find inspiration to create a garden oasis or find a contractor to get your kitchen updated from the 1980s to the 2020s.
Dates and times:
Friday, March 10 from noon – 8 p.m.<br />Saturday, March 11 from 10 a.m. – 8 p.m.<br />Sunday, March 12 from 11 a.m. – 5 p.m.
<a href="https://homegardenandremodelingshow.mpetickets.com/">Tickets</a> can be purchased online or at the door. <a href="https://parking.kyexpo.org/home-garden-remodeling-show">Parking</a> is also available online.
Other fun events kicking off in Louisville this month are the <a href="https://louisvilletriplecrown.com/">Louisville Triple Crown of Running</a>, <a href="https://www.gotolouisville.com/events-calendar/wild-lights-at-the-louisville-zoo/">Wild Lights at the Louisville Zoo</a>, the annual <a href="https://www.gotolouisville.com/events-calendar/ancient-order-of-hibernians-st-patricks-parade/">St. Patrick’s Day parade</a>, and the Kentucky Derby Festival’s <a href="https://discover.kdf.org/festival-unveiled/">Festival Unveiled</a>.
Of course, don’t miss March Madness. The South Regional men’s NCAA matches will be held on March <a href="https://www.ticketmaster.com/2023-ncaa-mens-basketball-tournament-south-louisville-kentucky-03-24-2023/event/16005D17AAA42836">24</a> and <a href="https://www.ticketmaster.com/2023-ncaa-mens-basketball-tournament-south-louisville-kentucky-03-26-2023/event/16005D17AAA62839">26</a> at the KFC Yum! Center.2023-02-22T12:00:00-07:002023-02-22T08:58:29-07:00Mike Halltag:mlsky.net,2012-09-20:20420Real Estate a Safe Bet in LouisvilleThe market may be wilder on the coasts, but the Midwest expected to remain steady
by MIKE HALL
<img src="https://assets.site-static.com/userfiles/199/image/2301_Midwest.png" alt="Midwest Nature" title="Midwest Nature" class="bordered" width="640" height="427" />
The Midwest has its charm. We’re known to be friendly, the weather hits all the seasons and nature is on full display. Did I mention we’re friendly? Kind neighbors really are priceless.
Louisville certainly has a southern feel but is also considered to be Midwest, a real boon for the current real estate market. While the Sunbelt is expected to be decline in home values, cities like Louisville will likely retain their value throughout 2023.
If you want to play it even safer, consider purchasing a home at or below Louisville’s median-priced home - $225,000. No matter the economy, people will always want an affordable option.
Red Edge would love to help you navigate the home selling and home buying process. We have experienced agents who have walked through 2008 and are here to walk with clients through this time as well. Reach out today!
Source: https://www.foxbusiness.com/real-estate/real-estate-2023-best-worst-locations-move-new-year<br /><br />2023-01-03T11:32:58-07:002023-01-03T12:12:46-07:00Mike Halltag:mlsky.net,2012-09-20:20349Things You Should Never Do Before ClosingStay away from these life changes before you sign on a new home.
by MIKE HALL
<img src="https://assets.site-static.com/userfiles/199/image/2212_boat_Medium.png" alt="BOAT" title="BOAT" class="bordered" width="640" height="426" />
Making a major purchase – like a buying a boat – is a no-no if you want smooth sailing at closing.
There’s a little rhyme you can memorize to save yourself from the hassle of underwriter scrutiny when buying a home: If you’re headed to the closing table, it’s best to keep things stable.
Over the years, I’ve made lots of friends in the mortgage industry, from loan officers and other agents to the infamous underwriter. While underwriters may get a bad rap for their detailed way, they’re really trying to make sure they’ve got accurate information to get your loan to close.
I’ve learned a few things from them along the way. Here are a few of the things my underwriter friends would tell any buyer to avoid:
Don’t make any major purchases. Don’t buy a boat, RV, or a car at least 30 days prior to closing on your loan. I know it’s tempting to make home furnishing purchases in anticipation of your new home – like furniture or appliances – to get everything in place to move, but it’s best to wait. If you pay cash, an underwriter will want to see your available assets and question why a chunk of money was withdrawn. If you buy something on credit, they’ll want to see the new payment because it will affect your debt-to-income ratio.
Don’t change jobs. Keep your current employment. Even if you get a better job, you won’t have proof of income for at least a month or so which could delay closing and cause unnecessary stress.
Don’t schedule a vacation. Plan to be in town in the weeks surrounding your closing date. Closing dates are fluid and could easily change to a date you’re on holiday.
Working with the right team, such as a Red Edge agent and a loan officer, can help you stay on the right track. They can warn you of things you may not think are a big deal and ultimately prevent costly mistakes. Contact a Red Edge agent today to safeguard one of the biggest purchase processes of a lifetime to make sure it’s straightforward and relaxed.2022-12-10T14:45:00-07:002022-12-10T11:37:12-07:00Mike Halltag:mlsky.net,2012-09-20:20245Renting? Simple Formula Reveals If You Actually Should BuyYes, the interest rates are rising, but that doesn’t mean your best bet is to continue renting that home.
By MIKE HALL
<img src="https://assets.site-static.com/userfiles/199/image/2211math.png" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="550" height="366" />
Straightforward formula helps make the decision to rent or buy your Louisville home less emotional and more strategic.<br />
If you’re currently renting a home in Louisville, you may want to reconsider your situation. There’s a formula called the 5% rule that helps you figure out if you’re better off – financially – continuing to rent or saving to buy.
Get out your calculators!
<img src="https://assets.site-static.com/userfiles/199/image/IMG_6579.jpg" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="398" height="461" />
Look at your home value of the home you’re renting in Louisville. Once you have that number multiple it by 5%. Then divide it by 12 to get your break-even number.
If your monthly rent is lower than your breakeven number, continue renting
If your monthly rent is higher than your breakeven number, save to buy.
Not into math? Or just need help deciding if buying a house is really an option for you. Reach out to a Red Edge agent today!
Source: https://www.today.com/video/buy-sell-or-hold-key-strategies-to-follow-for-smart-shopping-1524045496392022-11-14T13:00:00-07:002022-11-16T12:29:01-07:00Mike Halltag:mlsky.net,2012-09-20:20142What can you afford?Higher interest rates and buying a home
by MIKE HALL
<img src="https://assets.site-static.com/userfiles/199/image/2210-house.jpg" alt="Buying a home" class="bordered" width="732" height="550" />
Don't let high interest rates scare you from the making the best decision. Let a knowledgeable agent guide you.
Your home search criteria may need to change thanks to rising interest rates. Considering your monthly payment, what you used to get for $300,000 may have be more in the $260,000 range now.
But don’t let that deter you. It’s always a good time to invest in real estate if you plan on being in the same location for a couple years. Plus, renting isn’t getting any cheaper - and there’s no return on investment for that.
It’s important to work with someone you trust to help you navigate purchasing a home that leaves you with enough money to live and enjoy life and love the home you’re in, too. At Red Edge, we talk to each potential home buyer and make sure you’re comfortable with the search parameters set. You’ll get exactly what you need in your inbox. Contact a Red Edge agent today to get started.2022-10-06T06:41:00-07:002022-10-07T07:57:51-07:00Mike Halltag:mlsky.net,2012-09-20:20005I Love Louisville! Louisville Makes Real Estate Fun
by Mike Hall
I can't say it better than this. If you'd like to love the city where you love and work as much as we do, talk to a Red Edge agent today and make the Louisville area your home!<br /><br />
<a href="https://vimeo.com/737709016">Love Louisville :30</a> from <a href="https://vimeo.com/user2771438">180 Degrees</a> on <a href="https://vimeo.com">Vimeo</a>.2022-09-03T03:53:00-07:002022-10-07T07:57:42-07:00Mike Halltag:mlsky.net,2012-09-20:19918Higher Interest Rates May Be Good News for BuyersThere’s more to buying a house in Louisville than locking in a low interest rate.
by Mike Hall
<img src="https://assets.site-static.com/userfiles/199/image/vika-strawberrika-xYNaKuhPoyQ-unsplash.jpg" alt="Soaring upwarding" title="Swinging up!" class="bordered" width="550" height="825" />
Homebuyers: Rates may be on the upward swing but there are plenty of opportunities for you!
During a frenzied market, buyers often found themselves in bidding wars, skipping home inspections, or spending big bucks on pre-offer home inspections.
All those situations could and did lead to an expensive process for home buyers and possibly a little burnout too. What many people forget – there’s more to buying a home than the interest rate.
Higher rates can balance out the market and somewhat level the playing field for buyers. There should be less competition, a slower increase in the price of homes, and possibly more inventory. Also, sellers will be more willing to accept non-traditional loans and more contingencies.
If you are in the market to buy a home, whether you’re facing increasing rent, needing a larger home, or other household changes, there are ways to navigate a higher interest rate:
Be open to another location
Tweak your monthly budget
Search a wider circle
Revisit properties that linger on the market
Look for new construction
If you need help understanding what you can afford and Louisville, Ky. real estate market trends, work with a Red Edge real estate agent.
Source: The Washington Post; This topsy-turvy housing market can help burned-out buyers2022-08-08T14:38:00-07:002022-08-08T10:44:21-07:00Mike Halltag:mlsky.net,2012-09-20:19831To Rent or Buy in 2022?With rates on the rise, first time home buyers are asking themselves this question. Luckily, a little math can solve it for you.
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202206_rent_or_buy.jpg" alt="two doors" title="two doors" class="bordered" width="400" height="600" />
Question: Did you feel pressured to buy a home when the rates were historically low? Don’t worry! You didn’t miss out!
“Just because interest rates are low doesn't mean it is a good time to buy and higher interest rates doesn't mean it is a bad time to buy a home,” explains Jay Abolofia, a certified financial planner with Lyon Financial.
Instead, consider these three questions to help you decide … to rent or buy?
1. Where do you want to live in Louisville?
Rent can vary widely depending on the area of Louisville and the number of bedrooms. Try to compare the cost of renting versus the monthly payment on a starter home in that same area.
2. Are you financially fit?
What does your savings look like after a down payment is taken out? What is your credit score? Do you qualify for a mortgage? Can you make the monthly payments? Also keep in mind your debt-to-income ratio. Try to keep your mortgage payment less than 40% of your take-home pay.
3. How long will you live in Louisville or in that home?
If you plan on staying in the same area and needing about the same space, it’s probably better to buy a home. “It’s always a better time to buy if you’re planning on staying there for a while,” says Abolofia.
If you want some help determining if buying a home is right for you, Red Edge has agents who can help figure out that budget with you. We’re focused on relationships. If now is not the right time, that’s okay. We’re here when the time is right.
Source: CNN
2022-07-03T08:57:00-07:002022-07-03T09:32:32-07:00Mike Halltag:mlsky.net,2012-09-20:19628Low Inventory in Louisville HousingNow is the BEST time to sell!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202205_500_Houses.jpg" alt="Kitchen" title="Kitchen" class="bordered" width="550" height="365" />
Louisville’s housing shortage continues
Demand for houses in Louisville continues to increase without a corresponding increase in available houses. Some estimates show that while there should be around 5,000 houses for sale in Louisville, there are only about 500.
Often, buyers with high credit scores and solid down-payments are still needing to make cash offers well above listed prices and waive all inspections.
Some potential buyers are choosing to wait, save more money, and hope that the market evens out in the future. These buyers might not have the financial means to pay the difference between their offering and the house’s appraisal, or they might not want to risk potential costly issues that would have been found with an inspection. Others are engaging as competitively as they can, with perseverance as their motto.
For sellers, it’s highly likely that a good home with a solid price could sell very quickly at a much higher price than they could have gotten for it even a few years ago. Some houses have increased by $70,000-100,000 just in the last year.
Whether you’re navigating this seemingly cutthroat market as a home buyer or looking to sell your house at an ideal time, one of our agents can help you with the next steps.
[Source: WLKY.com]2022-05-04T07:19:00-07:002022-05-04T20:07:15-07:00Mike Halltag:mlsky.net,2012-09-20:19518From Community Gardens to Mixed-Income HousingPlans for New Housing in Iroquois Area
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202204_Community_garden_Medium.png" alt="wheelbarrows" title="Wheelbarrows" class="bordered" width="550" height="367" />
New housing coming in South Louisville Neighborhood
About 10 years ago, a housing block called Iroquois Homes went through several phases of demolition, leaving behind only an empty lot.
In recent years, local nonprofits have leased the space to create urban farm and garden spaces for the community. The adopted purpose of the space has been a value to the area, but the intent was always to eventually use the space for housing again, according to the Louisville Metro Housing Authority.
Housing shortages have been an issue across Louisville, and the South Louisville neighborhood — with its charm, character, and diversity — is no exception. There is a considerable need in the community for mixed-income housing.
No firm plans are in place for the area, though Louisville is seeking different ideas for housing and amenities from locals and engaged community members. There is a hope that the neighborhood will feel engaged and excited about the development, and that the future housing will benefit the whole area.
If you’re looking to buy or sell a home in South Louisville — or if you’re interested in a totally different part of the city — talk to a Red Edge agent today about how we can help you navigate this complicated housing season!2022-04-03T13:22:00-07:002022-04-02T11:03:09-07:00Mike Halltag:mlsky.net,2012-09-20:19410Tree Coverage in Louisville Grows!The Best Kind of Shady City
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202203_Trees_Small.jpg" alt="Home with trees around it" title="Louisville is increasing tree canopy" class="bordered" width="450" height="300" />
Louisville increases its tree canopy by 1%
In 2012, a report noted a decline in Louisville’s tree canopy and predicted a serious continued loss of limbs – tree limbs, that is.
Experts from the organization TreesLouisville got to work, planting, educating, and empowering the city. The most recent report indicated that Louisville not only reversed the predicted sharp decline, but also managed to increase the tree canopy in Louisville by 1%.
Why is a healthy tree canopy important?
The report measures how much of the city is covered by shade. A healthy tree canopy reflects a healthier, more sustainable city. Adequate trees assist with cleaner air, help manage storm water, aid with urban heat, provide habitats for animals, and lift the spirits of a city’s citizens.
Though most areas of Louisville saw growth in their tree coverage, a few areas, like downtown and West Louisville, still struggled. TreesLouisville knows where to focus their next efforts.
Louisville tree coverage is just another reason why it’s great to live here. Talk to an agent today about finding your perfect next house; maybe you’ll find one with great trees and nice shade!
[Source: Louisville Courier Journal]2022-03-14T18:14:00-07:002022-03-14T09:42:05-07:00Mike Halltag:mlsky.net,2012-09-20:19289350 Jobs Coming to LouisvilleConfluent Health Will Provide Well-Paying Jobs
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202202_New_Jobs.jpg" alt="healthcare workers" title="healthcare workers" class="bordered" width="550" height="377" />
New jobs are great for Louisville!
Kentucky Governor Andy Beshear announced in January that Confluent Health LLC will be locating and expanding their headquarters in Louisville later this year. Confluent Health currently employs more than 100 people in Louisville, but the expansion of their services will create 350 new jobs in the city.
New positions will include marketing, IT, human resources, administrative, and executive roles.
Though Confluent Health originates in Kentucky, its services currently span 29 states. It works in areas of physical therapy, medical academics, medical technology, and more.
Confluent Health is expecting to begin the expansion in the coming weeks, with an estimated completion this summer.
New well-paying jobs will support current and future homeowners as they engage in Louisville’s competitive housing market. If you are looking to buy or sell your house, talk to an agent today about how we can help you through this process!
[Source: Louisvilleky.gov]2022-02-16T19:12:00-07:002022-02-16T10:40:26-07:00Mike Halltag:mlsky.net,2012-09-20:19223What to Expect in 2022What are the housing predictions for this year?
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202005_Buying_During_a_Covid19.jpg" alt="Happy couple hugging in home" title="Homebuyers happy" class="bordered" width="550" height="366" />
What can home buyers and sellers expect in 2022?
In 2021, the housing market across the nation saw low inventory, high demand, low interest rates, and dramatic price increases. It was a great year for sellers and a problematic year for home buyers, especially those who were hoping to buy their first house. What will 2022 hold?
Experts predict a similar situation this year, with some gentle adjustments.
One predicted change is that the record-low mortgage rates will go back up slightly, meaning there will be fewer homebuyers taking advantage of incredible rates. That should mean a slight decrease in demand for homes, giving those on the search fewer offers to compete against.
Despite a slight shift in demand, the available inventory will probably remain tight. One forecast predicts that inventory will only increase by 0.03% in 2022.
While 2021 brought dramatic price increases for houses across the nation, houses in 2022 will rise at a more moderate pace. There is an expectation that the market and economy in general will stabilize as local, state, and federal policies tackle widespread inflation.
Even with all of these predicted changes, Red Edge agents are ready! We’ll help walk you through the process to give you the best possible experience selling or buying a home!
[Source: WLKY.com]2022-01-07T09:24:00-07:002022-02-16T10:40:10-07:00Mike Halltag:mlsky.net,2012-09-20:19150Selling Your House at ChristmastimeMake the Most of Louisville’s Holiday Market
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202112_Selling_at_Christmas.jpg" alt="Christmas Wreath" title="Christmas Wreath" width="450" height="600" />
You can have a very merry house-selling Christmas!
The holidays might seem like a strange time to put your house on the market, but by following a few key tips, you can sell your home and make someone else’s Christmas dreams come true! There are some definite advantages to selling during the holiday season, including that winter buyers are serious and there are even fewer houses on the market than usual! Talk to an agent today about this possibility!
Follow these tips to make your holly jolly home a standout this season!
Deck the halls – at least a little! Houses decorated for the holidays can look their very best, but be careful not to go crazy with the décor. Don’t do anything to distract buyers from your home. Less is always more!
Choose a reliable Realtor – like a Red Edge agent. Make sure you know what their holiday schedule will be, so if things are moving forward during the holidays, you won’t be stuck waiting. Sit down together and make a plan about when you’re available and when you’re celebrating with friends or family.
Carol of the curb appeal! As winter rolls in, it will be especially important to focus some attention on the outside of your house, where seasonal flowers, green grass, and blooming trees won’t be there to hide the imperfections.
Get the best quality photos. Buyers will be starting their search from the comfort of their house instead of braving the cold and holiday interruptions for a house they aren’t already in love with. Give them such good photos that they can’t resist learning more. You can also create a video tour for those shopping from out of town or avoiding snowy roads!
5. Baby, it’s cold outside! Make your house a warm oasis from the cold. Think cozy and comfortable, not the-greenhouse-that-melted-Frosty.
[Source: HGTV.com]2021-12-14T11:08:00-07:002021-12-13T19:28:42-07:00Mike Halltag:mlsky.net,2012-09-20:19052Small Business Saturday in LouisvillePlan Your Small-Business Seasonal Shopping
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202111_Small_Business_Saturday.jpg" alt="Shop Local Sign" title="Shop Local this Year" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="550" height="367" />
There are many fun and interesting shops in Louisville.
There is a shop for everyone in Louisville! As more people are making 2021 holiday shopping plans that bypass shipping delays and supply shortages. Shopping local, small businesses is a great way to explore Louisville, invest in your community, and find perfect, one-of-a-kind gifts for everyone on your list this year!
Small Business Saturday is a perfect day to enjoy the beauty of Louisville in the fall, walk off those Thanksgiving calories, and find the local shops that will take your gift-giving game up a level.
This year, Small Business Saturday is November 27. You can even make a day out of the fun, hitting your favorite local restaurants, coffee shops, and treat stops as you visit best-loved stores then explore new stores, markets, and experiences.
Of course, this is the perfect way to learn more about what neighborhoods, communities, and areas might be calling if you’re thinking about finding a new home in or around Louisville. But you don’t have to wait for that–talk to an agent today about how we can help you feel extra thankful this holiday season!2021-11-04T05:14:00-07:002021-11-03T15:06:21-07:00Mike Halltag:mlsky.net,2012-09-20:18974Ford Creating 5,000 Jobs with New PlantsHardin County Will See a Major Influx of Positions
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202110_Ford_Jobs.jpg" alt="Ford" title="Ford" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="550" height="825" />
Ford is opening two plants in Hardin County.
Ford is extending its long-standing relationship with Kentucky from its huge operation in Louisville and into nearby Hardin County with the addition of two new plants focused on the production of batteries for Ford’s electric vehicles.
The two facilities are expected to create more than 5,000 jobs in the area, bringing in new workers and providing solid employment for those who need it in the community.
As Ford moves forward into the production and distribution of more eco-conscious vehicles, these plants will be essential. Kentucky was an ideal location for the new plants, and it’s expected that the investment into Ford will result in more jobs, more businesses, more economic growth and stability, and more men, women, and families on solid ground for buying homes and investing in the area.
The first plant should be in production by 2025 with the second plant following in 2026. Just another reason Kentuckiana is a great place to live and work.
[Source: Louisville Courier Journal]
2021-10-10T13:36:00-07:002021-10-10T08:02:16-07:00Mike Halltag:mlsky.net,2012-09-20:18877Fall-Fresh Curb Appeal for LouisvilleHelp Your Louisville-Area House Stand Out!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202109_fall_curb_appeal.jpg" alt="Autumn front porch" title="Pumpkins on front porch" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="550" height="733" />
Help your curb appeal with some fall updates
Now is a great time to put your house on the market. And … a little fall fresh-up will go a long way toward giving you an extra edge in this intense Louisville market! If you’re ready to sell or shop, talk with an agent today about your options and advantages.
Rake those leaves! Some natural fall foliage can help your house feel cozy and inviting, but it’s better to keep the yard clear of unsightly brown leaves and spots in the grass.
Fall flowers for color. Replace the seasonal summer blooms with some hardy, fall-colored flowers that will keep your property looking open-house ready!
Fancy front door! Whether it’s an attractive autumn-inspired wreath or a fresh new color for your front door, creating a welcoming entrance can make a big difference.
Exposed exterior. With fewer leaves and plants shielding the exterior of your house, dirt and a year of residue will be more obvious. Use these first few warmer days of fall to power-wash and clean the outside of your house.
Gutter gut! Nothing is more obvious than a gutter full of leaves. Pull out a ladder and clean them out so that nothing will distract the buyer from the appeal of your home.
Light it up! Outdoor lighting will give Louisville buyers who come to a showing in the earlier darkness of the evening peace of mind and a warmth toward your house.
Simplify! Clean, simple touches will improve your appeal, but there’s a fine line between just enough and too much. Keep spooky and overwhelming decorations in the box!
[Source: hgtv.com]2021-09-04T17:43:00-07:002021-09-04T14:21:56-07:00Mike Halltag:mlsky.net,2012-09-20:18796Louisville Housing Market Remains Fast and FuriousHouses will likely continue to sell quickly in Louisville
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202108_Real_Estate_Market.jpg" alt="House for sale" title="House for sale" class="bordered" width="550" height="367" />
It’s still an ideal time to sell your house!
With the Greater Louisville Association of Realtors reporting that sales are up 13% from this time last year, it doesn’t look like the current housing market is slowing down anytime soon.
The situation is largely due to the lack of inventory. Fewer houses are for sale, so each available house is getting more attention. The inventory of houses for sale is down 38% from this time last year. Typically, houses are still on the market fewer days and going for higher prices than before, but there might be a slight decrease in how many offers each house is getting.
The decrease could be due to a slight increase in houses available, plus some overconfident sellers are asking more than what new buyers might be willing to pay. As buyers decide they can wait, fewer bids are coming in for each house, though the demand still far outpaces the supply.
Finding a trusted Realtor can help you price your house just right and navigate the viewings, offers, and short turnaround times. Talk to an agent today about selling your house in this ideal time!
[Source: WDRB.com]
2021-08-10T07:21:00-07:002021-08-09T18:34:59-07:00Mike Halltag:mlsky.net,2012-09-20:18696What to Expect on Closing DayHere’s everything you need to know for a smooth finish
By Mike Hall, Broker/Agent/Owner<img src="https://assets.site-static.com/userfiles/199/image/202107_Closing_Day.jpg" alt="closing table" title="closing table" class="bordered" width="550" height="367" />
Closing day clarity for buyers
With houses being bought and sold in record times in Louisville as well as across the nation right now, first-time home buyers might find themselves at a closing day table sooner than they expected.
Our agents are here to help you feel comfortable and prepared for the big day, and we’ll walk you through each step of the process. Talk to an agent today about what to expect and how to prepare, but you can also find help from this overview!
Expect a Long Experience – The whole signing process could take more than 2 hours! It’s often shorter than that, but you should block off plenty of time in your day for reading and signing papers.
Who’s Coming? — Depending on the situation, you might see a whole crowd or just a couple other people on your closing day. The seller and his or her team might be there, or it might just be you, your agent, and the mortgage representatives. In some cases, an attorney might be present, too.
Plan Ahead! — Your agent will remind you exactly what you need to bring, but in general you will need a photo ID, cashier’s check or certified check for any closing costs you’ll be responsible for, proof of homeowner’s insurance, and a copy of the final purchase or sales contract.
Writer’s Cramp — During the closing, you will sign a lot — A LOT — of papers. Our agents can prepare you ahead of time if you want to know what you’ll be signing and what those papers really mean.
Once you finish closing on your new house, the real fun can begin when you take the keys to your new home!
[Source: Zillow]2021-07-08T08:23:00-07:002021-07-09T06:15:47-07:00Mike Halltag:mlsky.net,2012-09-20:18539Avoid These Mistakes When Buying and Selling at the Same TimeIt’s a tricky process, but it can definitely be done!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202106_Selling_and_Buying.jpg" alt="Signing papers" title="Signing papers to buy a house" class="bordered" width="650" height="488" />
Buying and selling at the same time can be crazy!
It’s pretty common to be selling your house while simultaneously buying another house, but that doesn’t mean it’s not stressful! But we’re here to help you navigate that process.
Here are eight mistakes to avoid when buying and selling homes at the same time.
Don’t wait until the last minute to prep your house. Make sure all the little projects and fixes are done, so you’re not scrambling to list it when you’re ready to make an offer on another house.
Make sure you have a back-up plan! The chances are very slim that everything will perfectly align on the exact same day for signing and moving. Have a plan for temporary housing or storage.
Know your budget. Don’t assume what kind of house you’ll be able to buy until you get a solid new pre-approval for the new house.
Include plenty of cushion. While your house might sell well, this crazy market means that the houses you are looking for will also go quickly for high prices. Plan for the margin!
Compromise! This market is stressful for everyone. Look for ways to be flexible with both the buyers and sellers.
Use the same agent. Don’t try to juggle one agent for selling and another for buying. Use one trusted agent (or at the very least, the same team) to help walk you through the tricky process.
Try not to close on a Friday. Try to schedule a few days between the close of your old home and the purchase of your new one, and avoid Fridays if you can to help give time for the bank transfers to go through.
Close earlier in the day. For the same reason as above, try to schedule earlier in the day to give your bank the margin it needs to turn money around quickly!
[Source: realtor.com]2021-06-04T14:05:00-07:002021-06-03T18:09:44-07:00Mike Halltag:mlsky.net,2012-09-20:184173 Tips for Coping with Home-Buying StressYour Anxiety is Normal – and Avoidable!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202105_Coping.jpg" alt="woman stressed looking at computer" title="Stressed out while hunting for your Louisville home?" class="bordered" width="550" height="367" />
You don’t have to be worried!
Home buying was already one of the most stressful activities you could do, especially for first-time buyers.
But throw in a mad market along with COVID fears and restrictions, and it can be downright terrifying. It’s normal to have heightened anxiety, a rollercoaster of emotions, and a smorgasbord of feelings. But when the home-buying tension has you wound tight, first – let your agent talk with you and calm your fears. Second, consider these three tips for fighting your home-buying anxiety.
This is new for you, but not your broker! Each home buying venture is unique, but your broker has seen it all. Instead of getting nervous about each delay, change, paper, and question, trust the process and the team you’ve assembled around you to help.
Everybody feels cold feet. Choosing a home is a big choice, and there are always going to be more houses, more factors, and competing must-haves. It’s normal to worry that the house you picked isn’t actually the one you want. Instead of waffling and wondering …
Imagine life in your new home. As the process draws out and you start to question your choice, try to remember why you loved the house in the first place. Think of yourself having friends in your new living room or imagine spending relaxing evenings in your new yard.
We can’t wait to help ease your fears! Talk with an agent today about how to make this process as sweet and stress-free as possible!
[Source: FORBES.com]2021-05-10T09:01:00-07:002021-05-09T18:33:05-07:00Mike Halltag:mlsky.net,2012-09-20:18302It’s Still a Great Time to Sell in LouisvilleHigh Demand and Low Inventory in Louisville
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202104_Housing_Market.jpg" alt="Beautiful home interior" title="Beautiful home interior" class="bordered" width="550" height="367" />
Buyers are looking for homes!
2021 is shaping up to be a pretty wild year for selling homes in Louisville. The demand for houses is still greater than the supply, so many sellers are seeing shorter time on the market and greater values and bids for their homes. Between 2018 and 2021, Louisville’s average sale price increased more than 20%.
It can be argued that the pandemic and quarantined year of 2020 has had at least some impact on the surge in buyers. With more time being spent at home, people are finding that they could use a home office, gym, or dedicated play space for their children. Others were waiting last year because of the restrictions and uncertainty, and now they’re joining the other home buyers in 2021.
Adding to the demand, interest rates for loans remains at historically low levels, motivating many buyers to act now.
If you are considering selling your home, now is a perfect time! Talk to a Red Edge agent today to take advantage of this opportune season to sell your house well!
[Source: WDRB.com]
2021-04-08T18:21:00-07:002021-04-08T12:33:41-07:00Mike Halltag:mlsky.net,2012-09-20:18152Tips for Buying a House in a Seller’s MarketYou can still find your next home!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202103_Sellers_Market.jpg" alt="Louisville home" title="Louisville home" class="bordered" width="550" height="367" />
Buy your home with confidence, even in a seller’s market!
There’s no denying that Louisville is a seller’s market these days. Lots of buyers plus limited available properties is not ideal for potential home buyers. But you don’t have to delay or despair! Talk with an agent today to explore your options and strategies. While you search, consider these handy tips for buying your next house in a seller’s market!
Qualify for a low mortgage rate: You’re going to need every advantage, so take some time to improve your credit score by paying down debts, settling accounts, and checking for errors.
Get Pre-Approved before you search: In this fast market, you’ll want to be able to make an immediate offer with confidence, knowing that the funding is already secure.
Work with an experienced agent: You don’t spend your whole day studying the ins and outs of the real estate world, and you’ll benefit from the help of someone who does! They’ll have all kinds of insider information that will help you land your dream home.
Consider waiting: There’s some hope that the market will be less intense later in the year, so if you have the freedom to wait and see if more options come available, now would be a good time to embrace some patience!
Make an impact with your offer: It’s not just about a competitive buying price. When you make your offer, you need to make an impact, including a personal letter, photo, or waiving certain closing requirements.
[Source: Housingwire.com]2021-03-12T20:10:00-07:002021-03-12T11:38:28-07:00Mike Halltag:mlsky.net,2012-09-20:17986600 Properties in LouisvilleLandbank Authority lists more than 600 vacant properties for sale<br />
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202102_600_Properties.jpg" alt="Paint" title="Paint" class="bordered" width="550" height="367" />
Maybe one of Louisville’s vacant properties is right for you.
Louisville’s Landbank Authority has listed more than 600 properties for sale. Some are vacant lots and others are homes that have been abandoned or foreclosed. The city buys the locations and sells them below market value with the goal of getting homeowners into Louisville’s houses. Proper funding and know-how might be a requirement in instances of extreme renovation or building.
Especially if you’re looking to buy a home in the west or south sides of Louisville, this might be a good option for you. Lots range in price from $1 to a few thousand dollars. Most purchases are renovated to be rentals, single-family homes, or extended lawns.
If you’re interested in taking on a fixer-upper home, talk to an agent today about how we can get you remodeling your dream home right away!
[Source: WDRB.com]
2021-02-05T14:07:00-07:002021-02-04T17:35:42-07:00Mike Halltag:mlsky.net,2012-09-20:17863How is the Louisville Market Looking for 2021?Louisville Housing Market Trends
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202101_Louisville_Trends.jpg" alt="Louisville bridge in background" title="Louisville bridge in background" class="bordered" width="550" height="365" />
A quick overview of the housing market in Louisville.
Is it still a good time to sell your home in Louisville? With interest rates still low and available housing down more than 40%, 2021 looks like it will have a great market for sellers. Despite the economic hardships of 2020, many buyers are eager to get settled and sales are up.
Starter and mid-level homes priced well on the market are going very quickly, often with multiple bids. Even through the cold months, the demand is steady. Many are predicting that sales in 2021 will continue to rise by 3-5%, with prices also rising 7-9%.
If you’re looking to sell your home, now might be the ideal time. Talk to an agent today about how we can help you get the best buyer and experience. If you’re wanting to buy and you’re overwhelmed by the competitive market, we’d love to help you find your perfect home.
[Source: LaneReport.com]2021-01-14T11:10:00-07:002021-01-13T18:34:36-07:00Mike Halltag:mlsky.net,2012-09-20:17739Louisville Neighborhoods that Glow!Where can you go to see some colorful Christmas lights from your car?
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202012_Louisville_Lights.jpg" alt="Lights glowing" title="Lights glowing" class="bordered" width="550" height="367" />
You have to see Louisville all lit up!
One of the best ways to explore Louisville neighborhoods is to drive through and see how communities decorate for the holidays. The lights and sights around Christmas are a true delight and provide insight into each area’s spirit and generosity. Here is a list of areas in and around Louisville that you might want to visit, many from the safety of your car.
Of course, if you’re ready to do more than look at the lights on beautiful houses, talk to an agent today to learn more about owning your own home in your favorite area!
Enjoy these beautiful holiday illuminations, in both neighborhoods and attractions!
Louisville Mega Cavern’s Lights Under Louisville
Christmas Express
Holiday Laser Dome
Hillcrest Avenue neighborhood
Light Up Saint Matthews
Lake Forest neighborhood
Christmas in Charlestown
[Source: do502.com]2020-12-05T12:00:00-07:002020-12-04T21:55:26-07:00Mike Halltag:mlsky.net,2012-09-20:17593Five Things to Keep in Mind When Flipping Houses Can you make a quick profit, or are you headed for a fast flop?
By Mike Hall
<img src="https://assets.site-static.com/userfiles/199/image/nolan-issac-K5sjajgbTFw-unsplash.jpg" alt="house demo" title="house demo" class="bordered" width="550" height="367" />
It’s important to know which potential “flippers” are worth your time and effort
You’ve seen the TV shows: Intrepid couples buy a run-down house and give it a stunning makeover for a tidy profit. Fantasy or fact? Well, in 2019, 6.2 percent of all house sales in the U.S. were flipped homes: properties that needed some TLC to give them a new life and a higher sale price. It takes a lot of work and time to flip a house. Is it worth the effort?
There are a few key things to keep in mind if you’d like to make money by renovating properties: budget, time, skills, knowledge and patience.
Budget and time. If you’re not a flipping pro, you may underestimate the time it takes or money you’ll need to spend to produce a sale-able property. Finding the right property is key. You’ll want to pay no more than 70 percent of the after-repair value for your fixer upper minus your repairs. And as time ticks away, so does your profit. Each day the house doesn’t sell costs you money in mortgage, utilities, property taxes, insurance and other “surprise” costs. Take a good look at the house before you start seeing dollar signs. You need to know what it’s going to cost to turn a Cinderella into a princess.
Skills. How handy are you? Are you already familiar with the remodeling process or will you need to hire several pros to handle the more difficult tasks?
Knowledge and patience. How much do you know about the housing market? Are you patient enough to wait for the best property in the right location to make this a profitable undertaking? Do your homework and think carefully before you put money down on a fixer-upper Be sure you know what you’re getting into before your flip becomes a flop. Our Red Edge agents are here to help you assess the market. Reach out to an agent today.
[Source: Investopedia.com]
2020-11-18T14:42:00-07:002020-11-16T16:52:39-07:00Mike Halltag:mlsky.net,2012-09-20:17513When to Walk Away from a HouseNot Every Home is THE Home
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202010_When_to_Walk_Away.jpg" alt="Man in distress" title="Contemplating" class="bordered" width="550" height="359" />
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 happen in time.
Shift in priorities – After choosing a house you love, you might realize you like another school district more or that you really don’t want to do without that extra bathroom. It’s ok to walk away!
[Source: USA Today]2020-10-07T07:52:00-07:002020-10-06T19:16:00-07:00Mike Halltag:mlsky.net,2012-09-20:17411Buying a House VirtuallyHow to shop for your next Louisville house without going inside.
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202009_Virtual_tours.jpg" alt="Person with masking on computer" title="Searching for homes virtually" class="bordered" width="550" height="367" />
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?
Make the most of virtual tours. If the listing includes a video tour, ask if there’s more footage available. If your agent is doing a live video tour, ask them to hone in on details. You can also request floorplans, so you can get an accurate feel for room sizes and layout.
Have your agent look deeper into the disclosures, which will tell you many of the issues you can’t spot on a video.
Don’t forget to check out the neighborhood. Even if you never make it inside the house before you buy, you can drive through the area and get a feel for the community, neighborhood amenities, and noise levels. Remember to go through the area at different times of the day to get the best feel possible.
[Source: Realtor.com]2020-09-04T15:04:00-07:002020-09-07T11:24:28-07:00Mike Halltag:mlsky.net,2012-09-20:17314Micro Mortgage Loans Could Lead to Greater Home Buyer PossibilitiesLower and middle-income families have more options!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202008_Mircroloans.jpg" alt="money jar for home" title="money jar for home" class="bordered" width="550" height="367" />
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]2020-08-10T09:41:00-07:002020-08-10T11:47:33-07:00Mike Halltag:mlsky.net,2012-09-20:17124Socially Distanced Summer in LouisvilleThere’s still plenty for your family to do in Louisville this summer!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202007_Summer_Louisville.jpg" alt="summer outdoors trail" title="summer outdoors trail" class="bordered" width="550" height="367" />
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 <a href="https://louisvillefamilyfun.net/2020/05/summer-activities.html">louisvillefamilyfun.net</a>.2020-07-06T20:07:00-07:002020-07-06T17:48:55-07:00Mike Halltag:mlsky.net,2012-09-20:16941As restrictions ease, how should buyers proceed? Ready to Buy!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202006_Buying_Now.jpg" alt="home on a table" title="home on a table" class="bordered" width="550" height="413" />
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.2020-06-02T11:45:00-07:002020-07-06T17:48:43-07:00Mike Halltag:mlsky.net,2012-09-20:16833Buying a House During Covid-19Buying a House During Covid-19
We can help you!
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202005_Buying_During_a_Covid19.jpg" alt="couple happy in new home" title="couple happy in new home" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="550" height="366" />
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.2020-05-01T20:55:00-07:002020-05-01T20:43:57-07:00Mike Halltag:mlsky.net,2012-09-20:16383A First-time Buyer’s Guide to the Open HouseNavigate an Open House Like a Pro
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/200202_-_Open_House_Tips.jpg" alt="Open house in Louisville" title="Open house in Louisville" class="bordered" width="550" height="367" /><br />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 the home seem ready to make an offer? Watch what others are doing and be prepared to act if you’re ready to make an offer.
Be memorable: Connect with the agent in a friendly and personal way so that they remember you later. Tell them a short personal story and ask about them. Make a genuine effort to connect with them.
Prepare your questions: This is the best time to gather as much information as possible, so come prepared with important questions about the property. Ask about the sale details, the neighborhood, the schools, and the history of the house.
[Source: OpenDoor.com]2020-03-05T18:25:00-07:002020-03-05T19:07:37-07:00Mike Halltag:mlsky.net,2012-09-20:16286Louisville Exploring Residential ProjectsMore Homes Coming to Louisville
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/202002_-_Housing.jpg" alt="construction hats" title="contruction hats" class="bordered" width="550" height="733" />
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]2020-02-08T13:14:00-07:002020-02-08T12:27:07-07:00Mike Halltag:mlsky.net,2012-09-20:15982Louisville 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
<img src="https://assets.site-static.com/userfiles/199/image/202001_-_First_Time_Buyer.jpg" alt="home" title="home" class="bordered" width="550" height="365" />
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: USAToday.com]2020-01-02T20:44:00-07:002020-01-02T17:58:36-07:00Mike Halltag:mlsky.net,2012-09-20:15677Buy a Great Housewarming Present This Christmas!Tips for buying gifts for the new homeowners in your life
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/201912_-_Home_Warming_Gifts.jpg" alt="bird feeder" title="bird feeder" class="bordered" style="display: block; margin-left: auto; margin-right: auto;" width="550" height="367" />
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! <br /> <br /> 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.
[Source: Better Homes & Gardens]2019-12-05T11:26:00-07:002019-12-05T13:10:32-07:00Mike Halltag:mlsky.net,2012-09-20:15597Turn Your Louisville Bedroom into a Cozy Space!Tips for Inexpensive Transformations
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/201911_Cozy.jpg" alt="Cozy space for your Louisville bedroom" title="Cozy space for your Louisville bedroom" class="bordered" width="550" height="367" />
Your room is just a few sweet details away from being a cozy haven.
So, you bought the perfect home and now you get to tackle the task of transforming it into the comfy and cozy space of your dreams. The experts over at HGTV offer some inexpensive tips for creating that bedroom haven you’ve been wanting. Of course, if you’re still looking for that perfect home, don’t hesitate – contact an agent today about how we can help!
Use darker colors to create a warm space to relax and sleep.
Add some lamps or a chandelier with a dimmer for soft, cozy light.
Pile on the blankets. Layered blankets and throws will keep things soft and inviting.
Combine wooden accents with fresh flowers or live plants to bring balance and charm into your room.
Include a tufted headboard, which softens up the whole room.
Create a reading nook to offer a comfy space you could spend many winter hours snuggled into.
Use soft neutrals to create a calming vibe in the room.
Throw on more pillows so you can sink into the softness like a cloud!
Decorate in all white to give your room the softness of a spa.
Try mixing textures to give the room depth and dimension.
[Source: HGTV]2019-11-05T07:24:00-07:002019-11-16T13:52:41-07:00Mike Halltag:mlsky.net,2012-09-20:15527Autumn Leaves in Louisville!Where are some of the best locations to observe the changing colors in Louisville?
By Mike Hall, Broker/Agent/Owner
<img src="https://assets.site-static.com/userfiles/199/image/102019_-_Autumn_Leaves.jpg" alt="autumn leaves" title="autumn leaves" class="bordered" width="550" height="367" />
Find the most scenic locations to see Autumn’s leaves on display!
There are few things more spectacular in and around Louisville than witnessing the changing leaves in the Fall.
Louisville’s many trees and the surrounding forestland turn all shades of orange, red, and yellow during the Autumn, especially in October.
If you really want to take in the view this year, check out one or more of these prime locations. Some are in or near Louisville, and some are within a two-hour drive. Whatever kind of Fall adventure you’re ready to tackle, you’re in for a visual masterpiece. The extraordinary Autumn view is just another reason why Louisville is one of the best cities to live and adventure in.
The Parklands of Floyd Park
Bernheim Arboretum and Research Forest
Iroquois Park Scenic Overlook
Cherokee Park
Red River Gorge
Dale Hallow Lake
Brown County, Ind.
[Source: Louisville Courier-Journal]2019-10-09T07:36:00-07:002019-10-08T18:59:28-07:00Mike Hall