950 Persimmon Ridge – Beautiful home inside and out

Living is easy in this impressive 4BR/3.5BA home in the sought out Persimmon Ridge community that overlooks the 2nd fairway of the Persimmon Ridge Golf Course. Magnificent sunrise and sunset views await you! Enter through the custom designed front door, with its side lights, into the 2 story entry foyer and immediately be captured by the dramatic double height great room and abundance of sunlight. You will be amazed by the precision to detail in the crown molding, wainscoting, recessed lighting, built-in niches, oversized windows and architecture of the home. The great room boasts a gas fireplace with a custom designed built-in space for a television.

The formal dining room with its columns on each side of the arched doorway, along with the intricate wainscoting and crown molding, will absolutely create a festive ambiance while celebrating holidays. The eat-in kitchen is the perfect place to prepare gourmet meals. Picture friends sitting at the breakfast bar and visiting as you prepare meals on the Quartz countertops using all GE Profile appliances including a GE Profile Advantium Convection Oven. The custom designed cabinets and drawers provide more than ample storage space. The covered porch off the kitchen has a ceiling fan and will surely provide peaceful moments in one’s busy day. The large laundry room comes with built-in cabinets with a hanging rod and utility sink. The first floor master bedroom is a sanctuary in itself. Enjoy hours of reading in the sitting area under a vaulted ceiling. The bedroom has double trey ceilings with crown molding that flows into the master bathroom. The ensuite has a cathedral ceiling, shower, raised double sink vanity; custom designed master closet and a jetted garden tub to enjoy baths.

The landing of the stairs leading to the 2nd level has a Palladium window. The stair runner has a matching area rug that can be used in the great room. The catwalk leading to the bedrooms overlooks the great room. One of the three bedrooms on the 2nd level has a built-in desk with shelving and double closets. The second bedroom has a walk-in closet and opens into the upstairs bathroom. The third bedroom has a built-in window seat with storage and double closets. A large bonus room with a built-in window seat and built-in entertainment center is used as a common area. The upstairs bathroom has a double sink vanity and provides separate access to the shower/bathtub area.

The size of the finished portion of the basement is incredible with 9ft ceilings, decorative columns and recessed lighting. The gas fireplace has built-in cabinets and shelving on each side. Your entertainment needs will totally be met with the built-in projection television, built-in surround sound and 100″ screen. You need only walk across the room to the built-in bar for refreshments. There is a bar sink and custom designed cabinets/drawers. You will also find an additional full bathroom. The large unfinished storage area in the basement can be completed later into additional living space. This immaculately kept home has 2 HVAC systems, irrigation system that also supplies water to potted flowers and plants, a humidifier attached to the furnace and many additional upgrades and features. Just minutes from the interstate, shopping and restaurants, come visit and see for yourself. Schedule your private showing TODAY and experience the serene setting this home offers. Call Gary: 502-376-0374 to schedule a showing! For more information on homes in this area, click here.

Big Brother, Or Maybe Just The Homeowner Is Watching You.

maxresdefaultBuyer 1 to Buyer 2 in the house, “Yes I know the house is 235,000 and I know that we are approved for only 218,000, but maybe we can get an extra 12 or 13,000 from our folks to get this home if you really want it.” Or, “This place is a real bargain at the price they are asking and I know if we get it for the asking price we would be happy, but why don’t we offer a much lower price to see how much they will come off?” Or, “We can get this house for 215,000 just make sure that our pre-approval doesn’t show any more than that.”

Do any of these sound familiar? As a real estate agent we hear these and more said by clients all the time. If you heard a recording of that as the seller would that possibly give you an advantage over the buyer? Sure it would.

Video surveillance cameras used to cost 100’s and even 1,000’s of dollars. Not anymore, You can find these cameras complete with audio for less than 200 dollars in any big box store that sells technology.

That being said, no matter what the price of the home is, you could be recorded during your showing. Also what you say could be on tape as well.

You may ask if this is an invasion of privacy? Possibly and possibly not. In the part of being a real estate agent showing a home, the homeowner should leave a notification that the home is on camera and audio. Many don’t and that can be considered an invasion, but will be hard to prove in court unless the recording included information that gave the owner an unfair advantage during the negotiation of the home for purchase.

Buyers should consult your agent about the home, take notes while going through the homes and at the end of the tour decide where to meet to discuss all of the points that are for and against the property(s).

Using a professional Realtor will help you not have this happen to you.

For more information about purchasing a home, click here.

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Making A Home Emergency Kit – Real Estate

dd97ac19058afbbf1981bccc587aa120555f45e0When a disaster strikes your areas, it is better to be prepared and assemble essential supplies for a home emergency kit. Sometimes, this may seem like a waste of money. But when disasters happen beyond your control, it can change your perspective.

Stock all items in a suitcase or easy-to-carry bag that is readily accessible during any time of the day. Brief all of your family members of it’s location and how to handle the kit.

Here are are some guidelines for a basic “grab and go” kit:

Water
For drinking and sanitation, provide one gallon per person in you family for 3 days. Consider doubling the amount if you live in a very hot climate, or have young kids. Bottled water is advised. Tap water can also be stored in food-grade containers or two-liter soda bottles that have been sanitized. If you have pets, give assign your pets portions too.

Food
Again, provide a three-day supply of non-perishables. Don’t forget a can opener unless you’re handy with a spoon. Pack protein, fruit, and vegetables, but prepare them in a way that you actually like. It is not bad to include cereal bars, trail mix, and candy bars. Store food in the best way possible, in a pest-proof plastic or metal tubs and keep it in a cool, dry place.

Flashlights and extra batteries
Flashlights are better than candles. Candles are recommended to avoid house fires. If you have chargeable lamps, remember to charge first before storing.

First-aid supplies
This will be your best friend in case of accidents. Gather Two pairs of sterile gloves, adhesive bandages and sterile dressings, soap or other cleanser, antibiotic towelettes and ointment, burn ointment, eye wash, thermometer, scissors, tweezers, petroleum jelly, aspirin or non-aspirin pain reliever, and stomach analgesics such as Tums or Pepto-Bismol, and a laxative.

Sanitation and hygiene supplies
Sanitation is a way to avoid sickness. Remember that moist towelettes are sealed in packets.  Also be ready with paper towels, toilet paper, garbage bags, and plastic ties. You might also want travel-size shampoo, toothpaste/toothbrush, and deodorant.

Radio or TV
Get updates; keep a portable, battery- or crank-operated radio or television and extra batteries to remain connected in case the power goes out.

Helpful extras:Duct tape, dust masks, a signal whistle, toys for kids. Have at least $100 for emergency cash

Tailor a emergency preparedness kit to your needs
You may not need extra blankets in case drastic changes in weather occurs.

Update your emergency preparedness kit regularly
Replace everything that needs to be changed. You definitely don’t want your emergency kit to grow some molds.

Buy a pre-made kit
As an alternative to making your own kit, you canbuy a stocked kitfrom the American Red Cross ($50-$100).

To find out more about real estate in Louisville and the surrounding areas, click here.

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Being Financially Ready When Buying A Home – Real Estate

7b7166d729e728fe8052d5001faa2a7a90daa785Home ownership today is easily attainable than most people know. Most reasons for owning a home is quite similar to every person, simply to have something of your own.

Home ownership makes sense for many Americans for a lot of reasons mostly of social and family reasons. Purchasing a home also makes sense financially. In the long run, it benefits the home owner more than expected.

Here are 5 financial benefits of home ownership

1.) Housing is typically the one leveraged investment available.
“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You’re paying for housing whether you own or rent.
“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings”.
“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning.
“Homeowners are able to deduct mortgage interest and property taxes from income…On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.
“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

To find out more about real estate in Louisville and the surrounding areas, click here.

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How To Own A Home Again After Foreclosure

  1. It is never easy to get another mortgage after a foreclosure. Be patient, given time, proper discipline, and willingness, you can own a home again. Follow this guide to purchase a home again:
    1. Don’t jump on jobs after foreclosure, stick with just one
    If your job is not stable maybe this is the reason you lost your home in the first place. The first step to own a home again is find a stable job and hold on to that. Lenders require stable employment before giving you another loan after a foreclosure. Make it work.
    2. Rebuild yourself after foreclosure
    Create a safety net. Consider having three to six months of living expenses in a liquid account. Truth is, after a foreclosure, six is a minimum to show stability and that you’re able to pay your bills and mortgage. This could also prove that you can sustain yourself for an extended period if you lose your job.
    3. Build a better credit score after foreclosure
    Again, this is not easy. The timeframe itself could consume you. After foreclosure, your credit score dropped approximately by 150 points. Raise it back up with perseverance.
    Pay bills on time and keep your credit card balances below maximum levels. Details on the foreclosure will stay on your credit report for seven years, but if you prove your money management skills have matured, it will become less of a red mark as years go by.
    4. Decrease your waiting time for a mortgage after foreclosure
    Usually, you have to wait seven years after a foreclosure before you can apply for a loan again.
    However, you might wait only three years if you can show extenuating circumstances for your foreclosure, which are defined as “events that are beyond the borrower’s control that result in a sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations.” These include:
    Losing a job
    Getting divorced
    Having unexpected medical expenses
    Another alternative if waiting isn’t your thing is obtaining a seller financing, essentially bypassing the traditional mortgage. If both parties are amenable, you can enter into a lease with an option to buy, or take a mortgage directly from the seller. You’ll most likely have to prove a source of funds, but if you’ve turned around your financial situation quickly after your foreclosure, it’s worth a shot to deal directly with the seller.
  2. Keep in mind that sellers may be motivated to agree to this if they need to sell and the potential buyers they’ve met with can’t obtain a conventional mortgage—perhaps because they’ve been through foreclosures, too.
    5. Be honest about your foreclosure
    When getting a new mortgage, don’t lie about your foreclosure. On the contrary, be proactive and reveal the steps you’ve taken to remedy the problems that led to your foreclosure.

If you stay disciplined and positive, the American dream—obtaining a mortgage and owning a home of your own—can, indeed, be yours again. Even after foreclosure.

To find out more about real estate in Louisville and the surrounding areas, click here.

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The 3 Reasons Your Home Will Not Sell – Real Estate

3 Reasons Why Your Home Won’t Sell –  In the real estate world we call a property that does not sell within the contracted listing term an Expired Listing.  For the home owner who has been trying to sell a home this can be a frustrating thing.  These home owners, however, are not alone.  The average real estate agent unfortunately sells only between 60% – 70% of his/her listing inventory.  This means that during a balanced market up to 40% of listing contracts expire before the home sells.  The Seller of an Expired Listing is then forced to make two decisions: to re-list and try again; or to stay at the property for an indefinite period of time and to re-list with another agent or to attempt to sell on their own, as a FSBO (For Sale By Owner).
Here is a countdown of the top 3 reasons why a property will not sell during it’s listing contract term:
 3.  Condition:  The condition of the property can either be a huge deterrent or an appealing factor in a buyer’s decision to bring an offer.  Has the home been updated in the last 5 to 10 years or is it sporting shag carpet from the 70’s?  The Retro look is making a comeback but most buyers are not all that down with purchasing a home with counter-tops and cabinets that show 40 years of wear-and-tear.  In general, if you keep the home updated with current trends, not only will it sell faster but it will sell for more money than a home that has not been updated.  Selling a home that is dated for the most possible money is not impossible however… in order to do this, you have to be “on-point” with the next 2 reasons.

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2.  Marketing:  How is your listing being marketed?  Most agents will put your home on the local MLS System and rely on their broker’s marketing systems to do the rest.  Unfortunately, most brokers follow a standard IDX (Internet Data Exchange) marketing campaign that merely shares the listing with all the other local brokers in an attempt to promote more exposure.  The problem with this is that we currently live in the Information Age where trends in mobile apps, social networking sites and social media sites change faster than you can say Twitterpated!  If you are looking for the best chance to sell your home in this fast-paced internet age, you will have to focus on the software and applications that give your property the ultimate market exposure.
And now for the #1 reason why most homes do not sell during the first listing contract term…

  1.  Price:  In a tight race with Marketing, Pricing ends up being the #1 reason homes do not sell during the first listing contract.  There are many reasons for this.  If the home is priced accurately according to the neighborhood but it doesn’t line up with the Condition of the property in relation to comparable homes then is it essentially overpriced.  If the market is heading in a downward direction and the property is priced well today, it will not be priced well in as little as 2-4 weeks.  If the home is priced right but the Marketing does not line up, then the home actually becomes overpriced considering the lack of marketing…  In short, these 3 factors work together to either create success or to create another expired listing.  If you would like to ensure your real estate sale goes smoothly, the best thing you can do is to take these three factors in to account and either find an agent who knows his/her stuff or make sure you have the time to do it on your own.

To find out more about real estate in Louisville and the surrounding areas, click here.

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Interview Questions For Your Lender – Real Estate

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A good mortgage planner is more in the advice business than the lowest price business.  With tightening guidelines, often the question first is, “Will the loan be approved?”  But moreover, the borrowers’ concerns need to involve some of the answers to some of these non-price questions:

1. What type of lender should I use?
There are three basic types of lenders.  Mortgage BROKERS promote a broad product menu, competitive pricing, and entrepreneurial approach; however, BROKERS cannot lock, commit, or approve your loan because they are not actual lenders.  Banks and Credit Unions rely on financial strength, direct lending capabilities, and stability; however, they have limited product menus and often a “cover my butt” mentality.  Mortgage BANKERS blend the best of both: direct lending ability, financial strength and stability, wide product offerings, competitive pricing and the entrepreneurial spirit.

2. What loan products should I be considering?
Make sure your lender has multiple types of products (Conventional, FHA, VA, State Mortgage Agency Products, etc.).  While most people today do choose a 30 year fixed, it is not always the wisest choice.  Borrowers need to consider how long they will be staying in the home and any changes in their income during that time period before just accepting the same loan as everyone else.  Additionally, with many properties in need of some renovations or repairs, you need to explore the discussed in one of my earlier articles.

3. Should I lock or float my interest rate?
Most mortgage planners are trained to dodge this question.  I believe you should be hiring an expert who should have an informed opinion about the direction of rates….in the short term and the long term.  Weighing numerous factors ranging from your projected closing date to upcoming economic reports, a good mortgage planner can counsel a client into saving money.  While no one can predict with absolute certainty, you need to reach a comfort level that the lender you choose has the best information and your best interest at heart.

4. What are mortgage rates based on?
There is only one correct answer.  It is the pricing of Mortgage Backed Securities. If you get the wrong answer on this basic question, what else don’t they know?

5. What is the next important economic release that can impact rates?
How will a Jobs Report, a Fed Board Meeting or Inflation Number affect your home loan?  Your mortgage planner should know, explain it to you, and keep you informed.

6. How can I improve my chances of getting approved and at the lowest possible cost?
Sometimes even minor improvements in a credit score, the amount of your down payment, or how you position your assets can make a big difference.  During your counseling sessions, your mortgage planner should be advising you on how the “little things can make a big difference.”

Good advice, whether it’s from your doctor, lawyer, real estate agent or lender, can be invaluable.  Finding a lender who is an expert….who has your goals in mind…and who offers creative solutions is one of the most important factors in a successful real estate transaction.

To find out more about real estate in Louisville and the surrounding areas, click here.

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