The seller wants this house sold and had reduced the price $22,000. It was custom built 4 years ago with only the finest materials. Seller has $545,000 invested and has reduced the price to $375,000. This home is in pristine condition as it was only lived in for 10 months.This has the most ope
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05/23/2011
In our last blog, we talked about Absorption Rate and what it means. As a Louisville REALTOR, I can feel that we are in a buyer’s market, but what about analyzing this? In the last 60 days, there have been 1104 single family homes closed in Jefferson County, KY. This would give us an absorption r
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05/20/2011
You may have heard about absorption rates in real estate and wondered how this applied to the Greater Louisville KY area. First we need to define Absorption Rate and how Absorption Rate is calculated. Absorption Rate is the rate at which homes are absorbed into the market. It could also be expres
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05/08/2011
The three local Keller Williams Real Estate offices combined forces for the annual Kentucky Derby Bed Race on May 2nd. This was the first time that Keller Williams has competed even though the race has been conducted here in Louisville, KY since 1990. This is the first time that the races were
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05/03/2011
Louisville KY is now at its third flood stage of the spring season; with this being the most severe. At this point, the Ohio River has appeared to crest at 8 feet above flood stage after being forecast at 10 feet. It has been a major deal to those with homes under water along the Ohio River; a
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04/29/2011
I worked with a client last week that was interested in one of our home listings. They informed me that they had some credit issues in the past, but were working through those, and both had good steady jobs. I suggested a couple of loan officers that could get them approved for a home loan and
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04/28/2011
Home buyers using FHA backed loans in Louisville KY saw a change in the annual mortgage premium payment this week. Up until April 18th, the annual premium was .90% for LTV (Loan To Value) of 95% or higher. It has now increased to 1.15%.FHA loans are still very attractive as they have one of th
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04/23/2011
Virtual Tours are certainly the rage now in real estate listings. Most that I see are nothing but a rehash of the pictures already posted set to music. I have used Visual Tour in the past to make a “Virtual Tour” of a home. I used different pictures from the listing that were stitched together to
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04/06/2011
I recently picked up a listing in Glenmary Estates which is one of the newer sections in the Glenmary Development. This house was vacant and in its history, had been listed with 5 other real estate agents. Among other things, we decided to rent some furniture and have it professionally staged.I
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04/04/2011
Steve Dobbs closed on a house last week in Mt. Washington, KY. Seems pretty ordinary until you consider what we wanted to accomplish.Our client was a young woman that wanted to leave the apartment life in Louisville, KY. Important to her was having enough money to cancel her lease on the apartme
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03/30/2011
