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Old Taylor Place

10816 Sun Ridge Rd, Goshen, KY 40026

Motivated Seller! Welcome to 10816 Sun Ridge Rd! This 4 bedroom, 3.5 bath home in Old Taylor Place is stunning and very unique! It portrays a luxury farmhouse feel with it's oak wood beams throughout and the open floor plan. The house welcomes you as soon as you step onto the large covered front porch. As you walk into the foyer, you will be blown away!

The first floor offers lots of sunlight into the dining room, great room, & large eat-in kitchen and has amazing views all the way to the top of the second floor ceiling. The kitchen features large eating area, granite counter tops, gas range with ceramic tile floors, peninsula bar and a large planning desk. There is also a bedroom (currently used as an office) & half bath on the first floor. You will also find two large walk-in pantries and a door to the screen-in porch overlooking the 1 acre lot and garden.

The second floor is where you will find a loft sitting area, 3 bedrooms (including the master suite), & 2 full baths. The master suite has its own bathroom & a large closet. There is also an abundance of additional storage on this floor.

The lower level has been completely remodeled with new lighting & painted tall ceilings that have great height in all of the rooms.  You will find a family room, a custom-built kid's log cabin under the basement stairs, a potential 5th & 6th bedroom, a full bath & laundry/furnace room. There have been LOTS OF UPDATES including: new Window World windows, custom-built WIFI enabled Cunningham garage  doors with keyless entry, new stainless steel dishwasher, new 80 gallon hot water heater, new septic pump installed, newer A coil installed on upstairs heat pump, new light fixtures (inside & outside), new water proof luxury vinyl wood plank flooring in the basement, & fresh paint.

The house also features an underground electric dog fence & electronic hardware (a $1500 value), a large garden in the left rear corner of the yard with shed that will convey.

Neighborhood amenities include: Pavilion (for nominal rent), Catch & Release fishing pond, Basketball court, 3 miles to North Oldham campus, barn with 5 horse stalls for rent & 2 paddocks. Call today to see this stunning home in Goshen in the Old County School System!

You will absolutely love this home in Old Taylor Place. Please call the Hollinden Team to set up your private showing today: (502) 429-3866.

...

10816 Sun Ridge Rd, Goshen, KY 40026

Motivated Seller! Welcome to 10816 Sun Ridge Rd! This 4 bedroom, 3.5 bath home in Old Taylor Place is stunning and very unique! It portrays a luxury farmhouse feel with it's oak wood beams throughout and the open floor plan. The house welcomes you as soon as you step onto the large covered front porch. As you walk into the foyer, you will be blown away!

The first floor offers lots of sunlight into the dining room, great room, & large eat-in kitchen and has amazing views all the way to the top of the second floor ceiling. The kitchen features large eating area, granite counter tops, gas range with ceramic tile floors, peninsula bar and a large planning desk. There is also a bedroom (currently used as an office) & half bath on the first floor. You will also find two large walk-in pantries and a door to the screen-in porch overlooking the 1 acre lot and garden.

The second floor is where you will find a loft sitting area, 3 bedrooms (including the master suite), & 2 full baths. The master suite has its own bathroom & a large closet. There is also an abundance of additional storage on this floor.

The lower level has been completely remodeled with new lighting & painted tall ceilings that have great height in all of the rooms.  You will find a family room, a custom-built kid's log cabin under the basement stairs, a potential 5th & 6th bedroom, a full bath & laundry/furnace room. There have been LOTS OF UPDATES including: new Window World windows, custom-built WIFI enabled Cunningham garage  doors with keyless entry, new stainless steel dishwasher, new 80 gallon hot water heater, new septic pump installed, newer A coil installed on upstairs heat pump, new light fixtures (inside & outside), new water proof luxury vinyl wood plank flooring in the basement, & fresh paint.

The house also features an underground electric dog fence & electronic hardware (a $1500 value), a large garden in the left rear corner of the yard with shed that will convey.

Neighborhood amenities include: Pavilion (for nominal rent), Catch & Release fishing pond, Basketball court, 3 miles to North Oldham campus, barn with 5 horse stalls for rent & 2 paddocks. Call today to see this stunning home in Goshen in the Old County School System!

You will absolutely love this home in Old Taylor Place. Please call the Hollinden Team to set up your private showing today: (502) 429-3866.

...

Living in Oldham County

6620 Willowrun Ln, Pewee Valley, KY

Why do residents choose to live in Oldham County? There are several answers to this questions. Most commonly, people choose to move to Oldham County for the award-winning school district, options to purchase homes with acreage, and quaint restaurants and shopping. Many residents that live in Oldham County commute to Louisville for work. 

Oldham County includes GoshenBucknerProspectCrestwoodLa Grange, and Pewee Valley. We will discuss each area and some of the neighborhoods you can find.

Goshen

This area is in the western portion of Oldham County in the 40026 zip code. The median estimated home value is $589,000 and the average price per square foot is $139. Goshen has a wide range of home styles and price ranges. Homes can range anywhere from lower $100,000 to over a million! Goshen is about 16 miles away from downtown Louisville. 

Harmony Landing- Located off Highway 42, this established Goshen neighborhood provides various home styles for homeowners. Construction of this subdivision began around the 1980s. In Harmony Landing, you will find anything from a log home to classic colonial style homes. Some homes have lots that provide a few acres. Homes in Harmony Landing have sold between $150,000 and $490,000 in the last few years.

Lakeview Estates- Another established neighborhood with homes around 20-40 years old. Lakeview Estates is accessible from Hwy 42.  Homes have sold between $160,000 to $280,000. You are going to find a wide variety of home styles in this neighborhood. Two stories, ranches, and tri-levels are just a few styles you’ll see.

Longwood- This newer luxury neighborhood is accessible from Highway 1793. To live in this subdivision, expect to pay $600,000 and above. Most of these homes are custom built and include high-end upgrades. If you are interested in living in the neighborhood, the Hollinden Team currently has a Longwood home listed at 1902 Ashford Drive.

Buckner

Buckner is a smaller town situated between Crestwood and La Grange. The median estimated home price is $412,375 and the average price per square foot is $122.06. If you live in Buckner, you will be about 20 miles from Louisville.

Darby Pointe-  This neighborhood can be accessed from Highway 146. Construction began in the 1990s but you will still see some homes being developed today. Lots tend to be spacious in this neighborhood, many have a minimum of one acre. Homes in this neighborhood range from $180,000 to $430,000.

Prospect

Prospect is actually located in both Jefferson County and Oldham County in the 40059 zip code. The median estimated home price is $525,000 and the average price per square foot $180.50. Prospect has plenty of close by shopping centers and many golf courses.

Belknap Beach Estates- This subdivision offers homes with million dollar views of the Ohio River.  Homes in the neighborhood each have their own character; you can find all construction types and styles. Prices range from $250,000 to over a million!

Glen Oaks- This is a unique subdivision as it is located in both Oldham County and Jefferson County. There is also a country club within the neighborhood that includes an 18-hole golf course, swimming pool, wading pool, full-service dining room, and grille room. Homes tend to be all brick traditional style homes. Homes range between $300,000 to $800,000.

Crestwood

Crestwood is located in southwestern Oldham County in the 40014 zip code. It is really hard to see the break between Pewee Valley and Crestwood. The median estimated home price in Crestwood is $419,900 and the average price per square foot is $135.50. Crestwood is 18 miles away from downtown Louisville.

Kentucky Acres- Located off Highway 22, this established neighborhood began construction in the 1970s and has the opportunity for new development today. This subdivision features large tree-lined lots and a variety of styles of homes. Homes range from $140,000 to around $300,000. Newer homes will be closer to the $300,000 mark. 

Harrods Crossing- This subdivision is located off Highway 1694. Homes range anywhere from $650,000 to $900,000 but you get what you pay for. Stunning custom built homes on two to three acres are what you'll find in Harrods Crossing. 

La Grange

This area is located in the western portion of Oldham County in both the 40031 and 40032 zip codes. The median estimated home price is $325,000 and the average price for square foot is $149.19. LaGrange is located about 24 miles away from downtown Louisville.

Gleneagles Estates- This subdivision is located off I-71 North. Construction began in the 1990s through the early 2000s. Homes in this neighborhood are mostly all brick and have a traditional style. Homes in Gleneagle Estates usually range between $250,000 to $550,000. 

L'Esprit- Located off of North I-71, L’Esprit is a horse lovers dream. Development of this 5,000-acre equestrian neighborhood began in the 1980s and continued on until the mid-2000s. Initially, this neighborhood was developed as a community for Arabian horses. More recently, this neighborhood has grown into a home for various breeds of horses. Homes range from $300,000-$3,000,000.

Pewee Valley- Pewee Valley is in the southern portion of Oldham County in the 40056 zip code. This area is close to Crestwood and is within a few miles of Middletown, an area in eastern Jefferson County. The median estimated home value is $287,500 and the average price per square foot is $146.02. Pewee Valley is 24 miles away from downtown Louisville.

Ashbrooke- This neighborhood is located off Ash Ave. In Ashbrooke, homes vary in age and style. You can find cape cods, ranches, two stories, and much more. Homes were built between the 1970s to the early 2000s. Ashbrooke homes range from $140,000 to $280,000. 

We hope this blog gave you a better idea of what it is like to live in Oldham County. If you have questions about moving to Oldham County, call the Hollinden Team at (502) 429-3866.

 

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Oldham County Real Estate Statistics

Oldham county real estate statistics

February 2017

Oldham County Real Estate Statistics

Compared to January 2017, we have seen a small increase in the absorption rate (number of available homes during a given period of time). However, the absorption rate is still very low. The few homes that are on the market usually have multiple offers within a day. With this being said, we are still in a seller's market. If you are thinking about selling your home, now is the time to do it!

Let's take a look at the Oldham County real estate statistics from last month:

NORTHERN OLDHAM COUNTY

  • Absorption Rate- 3.89 months of inventory 
  • Absorption Rate (Feb. 2016)- 4.13 months of inventory
  • Active Listings- 172
  • Active Listings (Feb. 2016)- 186 
  • Sold Listings- 30
  • Sold Listings (Feb. 2016)- 31
  • New Listings- 44
  • New Listings (Feb. 2016)- 59
  • Most Popular Price Ranges- $400,000-$499,999
  • Lowest Priced Sale- $105,500
  • Highest Priced Sale- $785,000
  • Average List Price- $576,272
  • Average List Price (Feb. 2016)- $464,133
  • Average Sale Price- $355,207
  • Average Sale Price (Feb. 2016)- $269,918
  • Average Cumulative Days on the Market (CDOM)- 106
  • Average CDOM Feb. 2016- 144

SOUTHERN OLDHAM COUNTY

  • Absorption Rate- 1.93 months of inventory
  • Absorption Rate (Feb. 2016)- 2.61 months of inventory
  • Active Listings- 92  homes
  • Active Listings (Feb. 2016)- 118 homes
  • Sold Listings- 21 homes
  • Sold Listings (Feb. 2016)- 28 homes
  • New Listings- 52 homes
  • New Listings (Feb. 2016)- 51 homes
  • Most Popular Price Ranges- $300,000-$399,999
  • Lowest Priced Sale- $85,000
  • Highest Priced Sale- $1,100,000
  • Average List Price- $499,382
  • Average List Price (Feb. 2016)- $413,230
  • Average Sale Price- $317,393
  • Average Sale Price (Feb. 2016)- $290,331
  • Average Cumulative Days on the Market (CDOM)- 125 Days
  • February 2016 CDOM- 92 Days

 

January 2017

January 2016 Oldham County Real Estate Statistics

Inventory continues to lower more and more each month! As I stated in the December 2016 O.C. statistics, we expect inventory to be lower in the winter. However, inventory is historically lower than other winters in the past. These homes aren’t sitting on the market until the Spring either. Homes that are priced right and in good condition are lasting a day (sometimes less) and usually getting multiple offers. You really don’t have to wait until Spring to list your home. Right now would be a great time to get your home on the market.

Let’s look at our findings:

NORTHERN OLDHAM COUNTY

  • Absorption Rate- 3.81 months of inventory 
  • Absorption Rate (Jan. 2016)- 4.23 months of inventory
  • Active Listings- 169 homes
  • Active Listings (Jan. 2016)- 188 homes
  • Sold Listings- 24 homes
  • Sold Listings (Jan. 2016)- 27 homes
  • New Listings- 49 homes
  • New Listings (Jan. 2016)- 54 homes
  • Most Popular Price Ranges- $250k-$400k & $500k+
  • Lowest Priced Sale- $102,000
  • Highest Priced Sale- $865,000
  • Average List Price- $564,800
  • Average List Price (Jan. 2016)- $505,871
  • Average Sale Price- $352,863
  • Average Sale Price (Jan. 2016)- $316,718
  • Smallest Home Sold- 1,014 total sq. ft.
  • Largest Home Sold- 5,805 total sq. ft.
  • Average Cumulative Days on the Market (CDOM)- 98 Days
  • January 2016 CDOM- 107 Days

SOUTHERN OLDHAM COUNTY

  • Absorption Rate- 1.65 months of inventory
  • Absorption Rate (Jan. 2016)- 2.72 months of inventory
  • Active Listings- 80 homes
  • Active Listings (Jan. 2016)- 121 homes
  • Sold Listings- 29 homes
  • Sold Listings (Jan. 2016)- 38 homes
  • New Listings- 33 homes
  • New Listings (Jan. 2016)- 33 homes
  • Most Popular Price Ranges- $200k-$250k & $300k-$400k
  • Lowest Priced Sale- $113,000
  • Highest Priced Sale- $668,500
  • Average List Price- $516,941 
  • Average List Price (Jan. 2016)- $414,163
  • Average Sale Price- $273,428
  • Average Sale Price (Jan. 2016)- $244,355
  • Smallest Home Sold- 1,512 total sq. ft.
  • Largest Home Sold- 6,316 total sq. ft.
  • Average Cumulative Days on the Market (CDOM)- 69 Days
  • January 2016 CDOM- 81 Days

We will be back next month with February statistics!

December 2016

Oldham County KY Real Estate Statistics

The December Oldham County real estate statistics are in. Absorption rates (number of available homes during a given period of time) continued to decrease each month of last year in Northern and Southern Oldham County. In the winter, we expect inventory to be lower; however, we saw record low inventory in 2016. With the low amount of inventory, you can expect less competition when listing your home. If you are thinking about selling your home, now would be a great time. 

Let’s take a look at additional findings:

Northern Oldham County

  • Absorption Rate- 4.13 months of inventory 
  • Absorption Rate (Dec. 2015)- 4.69 months of inventory
  • Active Listings- 184 homes
  • Active Listings (Dec. 2015)- 208 homes
  • Sold Listings- 35 homes
  • Sold Listings (Dec. 2015)- 38 homes
  • New Listings- 32 homes
  • New Listings (Dec. 2015)- 37 homes
  • Most Popular Price Ranges- $200,000-$249,999 and $500,000+
  • Lowest Priced Sale- $83,123
  • Highest Priced Sale- $700,000
  • Average List Price- $550,269
  • Average List Price (Dec. 2015)- $492,970
  • Average Sale Price- $340,637
  • Average Sale Price (Dec. 2015)-...

Oldham County Real Estate Statistics

Oldham county real estate statistics

February 2017

Oldham County Real Estate Statistics

Compared to January 2017, we have seen a small increase in the absorption rate (number of available homes during a given period of time). However, the absorption rate is still very low. The few homes that are on the market usually have multiple offers within a day. With this being said, we are still in a seller's market. If you are thinking about selling your home, now is the time to do it!

Let's take a look at the Oldham County real estate statistics from last month:

NORTHERN OLDHAM COUNTY

  • Absorption Rate- 3.89 months of inventory 
  • Absorption Rate (Feb. 2016)- 4.13 months of inventory
  • Active Listings- 172
  • Active Listings (Feb. 2016)- 186 
  • Sold Listings- 30
  • Sold Listings (Feb. 2016)- 31
  • New Listings- 44
  • New Listings (Feb. 2016)- 59
  • Most Popular Price Ranges- $400,000-$499,999
  • Lowest Priced Sale- $105,500
  • Highest Priced Sale- $785,000
  • Average List Price- $576,272
  • Average List Price (Feb. 2016)- $464,133
  • Average Sale Price- $355,207
  • Average Sale Price (Feb. 2016)- $269,918
  • Average Cumulative Days on the Market (CDOM)- 106
  • Average CDOM Feb. 2016- 144

SOUTHERN OLDHAM COUNTY

  • Absorption Rate- 1.93 months of inventory
  • Absorption Rate (Feb. 2016)- 2.61 months of inventory
  • Active Listings- 92  homes
  • Active Listings (Feb. 2016)- 118 homes
  • Sold Listings- 21 homes
  • Sold Listings (Feb. 2016)- 28 homes
  • New Listings- 52 homes
  • New Listings (Feb. 2016)- 51 homes
  • Most Popular Price Ranges- $300,000-$399,999
  • Lowest Priced Sale- $85,000
  • Highest Priced Sale- $1,100,000
  • Average List Price- $499,382
  • Average List Price (Feb. 2016)- $413,230
  • Average Sale Price- $317,393
  • Average Sale Price (Feb. 2016)- $290,331
  • Average Cumulative Days on the Market (CDOM)- 125 Days
  • February 2016 CDOM- 92 Days

 

January 2017

January 2016 Oldham County Real Estate Statistics

Inventory continues to lower more and more each month! As I stated in the December 2016 O.C. statistics, we expect inventory to be lower in the winter. However, inventory is historically lower than other winters in the past. These homes aren’t sitting on the market until the Spring either. Homes that are priced right and in good condition are lasting a day (sometimes less) and usually getting multiple offers. You really don’t have to wait until Spring to list your home. Right now would be a great time to get your home on the market.

Let’s look at our findings:

NORTHERN OLDHAM COUNTY

  • Absorption Rate- 3.81 months of inventory 
  • Absorption Rate (Jan. 2016)- 4.23 months of inventory
  • Active Listings- 169 homes
  • Active Listings (Jan. 2016)- 188 homes
  • Sold Listings- 24 homes
  • Sold Listings (Jan. 2016)- 27 homes
  • New Listings- 49 homes
  • New Listings (Jan. 2016)- 54 homes
  • Most Popular Price Ranges- $250k-$400k & $500k+
  • Lowest Priced Sale- $102,000
  • Highest Priced Sale- $865,000
  • Average List Price- $564,800
  • Average List Price (Jan. 2016)- $505,871
  • Average Sale Price- $352,863
  • Average Sale Price (Jan. 2016)- $316,718
  • Smallest Home Sold- 1,014 total sq. ft.
  • Largest Home Sold- 5,805 total sq. ft.
  • Average Cumulative Days on the Market (CDOM)- 98 Days
  • January 2016 CDOM- 107 Days

SOUTHERN OLDHAM COUNTY

  • Absorption Rate- 1.65 months of inventory
  • Absorption Rate (Jan. 2016)- 2.72 months of inventory
  • Active Listings- 80 homes
  • Active Listings (Jan. 2016)- 121 homes
  • Sold Listings- 29 homes
  • Sold Listings (Jan. 2016)- 38 homes
  • New Listings- 33 homes
  • New Listings (Jan. 2016)- 33 homes
  • Most Popular Price Ranges- $200k-$250k & $300k-$400k
  • Lowest Priced Sale- $113,000
  • Highest Priced Sale- $668,500
  • Average List Price- $516,941 
  • Average List Price (Jan. 2016)- $414,163
  • Average Sale Price- $273,428
  • Average Sale Price (Jan. 2016)- $244,355
  • Smallest Home Sold- 1,512 total sq. ft.
  • Largest Home Sold- 6,316 total sq. ft.
  • Average Cumulative Days on the Market (CDOM)- 69 Days
  • January 2016 CDOM- 81 Days

We will be back next month with February statistics!

December 2016

Oldham County KY Real Estate Statistics

The December Oldham County real estate statistics are in. Absorption rates (number of available homes during a given period of time) continued to decrease each month of last year in Northern and Southern Oldham County. In the winter, we expect inventory to be lower; however, we saw record low inventory in 2016. With the low amount of inventory, you can expect less competition when listing your home. If you are thinking about selling your home, now would be a great time. 

Let’s take a look at additional findings:

Northern Oldham County

  • Absorption Rate- 4.13 months of inventory 
  • Absorption Rate (Dec. 2015)- 4.69 months of inventory
  • Active Listings- 184 homes
  • Active Listings (Dec. 2015)- 208 homes
  • Sold Listings- 35 homes
  • Sold Listings (Dec. 2015)- 38 homes
  • New Listings- 32 homes
  • New Listings (Dec. 2015)- 37 homes
  • Most Popular Price Ranges- $200,000-$249,999 and $500,000+
  • Lowest Priced Sale- $83,123
  • Highest Priced Sale- $700,000
  • Average List Price- $550,269
  • Average List Price (Dec. 2015)- $492,970
  • Average Sale Price- $340,637
  • Average Sale Price (Dec. 2015)-...

8 Fall & Winter Curb Appeal Tips to Get Your Home Sold

Fall & Winter Curb Appeal Tips

Why are fall and winter a great time to sell your home? There are many reasons we could discuss but there is one in particular that we will touch on today - homes look prettier in the fall and winter. We wrote another blog a few weeks ago that discussed preparing your home to sell in the fall/winter months outside of just curb appeal. Make sure to check that out as well.

 Homes that are tastefully decorated for the holiday months show better to buyers. Making a home look pretty for the holidays starts on the outside. The outside is where buyers will create a first impression of your home and decide whether or not they want to view the inside. Here are a few tips to consider when adding fall/winter curb appeal:

1.)    Clean Up the Yard- This should be the first step before you place any décor on the front of your home. Frequently rake leaves from the yard and trim any overgrown bushes as well. In addition, make sure to clean out your gutters frequently. You could also consider power washing your home to remove any dirt and debris. A clean home on the outside is a reflection of what your home will look like on the inside.

2.)    Paint the Outside- This may not be necessary for every homeowner but if areas of your home need a fresh coat of paint, go ahead and take care of it before decorating. Evaluate your gutters, front door, and shutters. Is the paint chipping on any of these items? If so, consider a fresh coat of paint. Even if the paint isn’t chipping, a fresh coat of paint provides a cleaner and crisper appearance. You could ever consider a totally new paint color for your front door. A pop of color to a front door can create a nice focal point for your home. Red is a great pop of color and it would really make your home stand out.

3.)    Update Outside Lighting & Other Accessories- Could your outdoor lighting use a facelift? Sometimes buying new outdoor lights isn’t completely necessary. You could even consider spray painting the lighting you already have. Consider updating other outdoor accessories that are worn out such as door numbers, kick plates, and other hardware on the outside of the home. Ensure that all outdoor accessories match and aren’t scuffed up. Another great outdoor accessory is solar lights. Solar lights provide a nice trail of light for guests walking up to your home. In addition, they are a beautiful decorative touch to add to your landscaping.

4.)    Hang a Wreath- In my opinion, every front door should have a wreath no matter the season. I think it just adds so much more personality to the home.

5.)    Create Symmetry- When creating arrangements by the entryway, consider creating symmetry. Symmetrical arrangements are easier on the eye and more welcoming to guests.

6.)    Plant Seasonal Flowers- I think seasonal plants add such a beautiful touch to the outside of your home. Consider adding some beautiful mums in the fall and poinsettias in the winter.

7.)    Add a Rug- A rug by your front door doesn’t only add a decorative touch but is also completely necessary! Think about how much dirt and leaves people could drag through your home if they didn’t have a rug to clean off their shoes. Try to find a rug that is suitable for high traffic and is very durable. Sometimes pretty rugs that have designs fade quickly. You don’t want to have to replace your rug too often.

8.)    Keep it Simple- Overdoing fall/winter decorations can take away from the beauty of your home. Put just enough decorations to highlight your home and make it look festive.

We hope our fall/winter curb appeal tips were useful to you. Do you have any fall/winter curb appeal tips that you can recommend? Feel free to comment below. 

...

8 Fall & Winter Curb Appeal Tips to Get Your Home Sold

Fall & Winter Curb Appeal Tips

Why are fall and winter a great time to sell your home? There are many reasons we could discuss but there is one in particular that we will touch on today - homes look prettier in the fall and winter. We wrote another blog a few weeks ago that discussed preparing your home to sell in the fall/winter months outside of just curb appeal. Make sure to check that out as well.

 Homes that are tastefully decorated for the holiday months show better to buyers. Making a home look pretty for the holidays starts on the outside. The outside is where buyers will create a first impression of your home and decide whether or not they want to view the inside. Here are a few tips to consider when adding fall/winter curb appeal:

1.)    Clean Up the Yard- This should be the first step before you place any décor on the front of your home. Frequently rake leaves from the yard and trim any overgrown bushes as well. In addition, make sure to clean out your gutters frequently. You could also consider power washing your home to remove any dirt and debris. A clean home on the outside is a reflection of what your home will look like on the inside.

2.)    Paint the Outside- This may not be necessary for every homeowner but if areas of your home need a fresh coat of paint, go ahead and take care of it before decorating. Evaluate your gutters, front door, and shutters. Is the paint chipping on any of these items? If so, consider a fresh coat of paint. Even if the paint isn’t chipping, a fresh coat of paint provides a cleaner and crisper appearance. You could ever consider a totally new paint color for your front door. A pop of color to a front door can create a nice focal point for your home. Red is a great pop of color and it would really make your home stand out.

3.)    Update Outside Lighting & Other Accessories- Could your outdoor lighting use a facelift? Sometimes buying new outdoor lights isn’t completely necessary. You could even consider spray painting the lighting you already have. Consider updating other outdoor accessories that are worn out such as door numbers, kick plates, and other hardware on the outside of the home. Ensure that all outdoor accessories match and aren’t scuffed up. Another great outdoor accessory is solar lights. Solar lights provide a nice trail of light for guests walking up to your home. In addition, they are a beautiful decorative touch to add to your landscaping.

4.)    Hang a Wreath- In my opinion, every front door should have a wreath no matter the season. I think it just adds so much more personality to the home.

5.)    Create Symmetry- When creating arrangements by the entryway, consider creating symmetry. Symmetrical arrangements are easier on the eye and more welcoming to guests.

6.)    Plant Seasonal Flowers- I think seasonal plants add such a beautiful touch to the outside of your home. Consider adding some beautiful mums in the fall and poinsettias in the winter.

7.)    Add a Rug- A rug by your front door doesn’t only add a decorative touch but is also completely necessary! Think about how much dirt and leaves people could drag through your home if they didn’t have a rug to clean off their shoes. Try to find a rug that is suitable for high traffic and is very durable. Sometimes pretty rugs that have designs fade quickly. You don’t want to have to replace your rug too often.

8.)    Keep it Simple- Overdoing fall/winter decorations can take away from the beauty of your home. Put just enough decorations to highlight your home and make it look festive.

We hope our fall/winter curb appeal tips were useful to you. Do you have any fall/winter curb appeal tips that you can recommend? Feel free to comment below. 

...

8 Fall & Winter Curb Appeal Tips to Get Your Home Sold

Fall & Winter Curb Appeal Tips

Why are fall and winter a great time to sell your home? There are many reasons we could discuss but there is one in particular that we will touch on today - homes look prettier in the fall and winter. We wrote another blog a few weeks ago that discussed preparing your home to sell in the fall/winter months outside of just curb appeal. Make sure to check that out as well.

 Homes that are tastefully decorated for the holiday months show better to buyers. Making a home look pretty for the holidays starts on the outside. The outside is where buyers will create a first impression of your home and decide whether or not they want to view the inside. Here are a few tips to consider when adding fall/winter curb appeal:

1.)    Clean Up the Yard- This should be the first step before you place any décor on the front of your home. Frequently rake leaves from the yard and trim any overgrown bushes as well. In addition, make sure to clean out your gutters frequently. You could also consider power washing your home to remove any dirt and debris. A clean home on the outside is a reflection of what your home will look like on the inside.

2.)    Paint the Outside- This may not be necessary for every homeowner but if areas of your home need a fresh coat of paint, go ahead and take care of it before decorating. Evaluate your gutters, front door, and shutters. Is the paint chipping on any of these items? If so, consider a fresh coat of paint. Even if the paint isn’t chipping, a fresh coat of paint provides a cleaner and crisper appearance. You could ever consider a totally new paint color for your front door. A pop of color to a front door can create a nice focal point for your home. Red is a great pop of color and it would really make your home stand out.

3.)    Update Outside Lighting & Other Accessories- Could your outdoor lighting use a facelift? Sometimes buying new outdoor lights isn’t completely necessary. You could even consider spray painting the lighting you already have. Consider updating other outdoor accessories that are worn out such as door numbers, kick plates, and other hardware on the outside of the home. Ensure that all outdoor accessories match and aren’t scuffed up. Another great outdoor accessory is solar lights. Solar lights provide a nice trail of light for guests walking up to your home. In addition, they are a beautiful decorative touch to add to your landscaping.

4.)    Hang a Wreath- In my opinion, every front door should have a wreath no matter the season. I think it just adds so much more personality to the home.

5.)    Create Symmetry- When creating arrangements by the entryway, consider creating symmetry. Symmetrical arrangements are easier on the eye and more welcoming to guests.

6.)    Plant Seasonal Flowers- I think seasonal plants add such a beautiful touch to the outside of your home. Consider adding some beautiful mums in the fall and poinsettias in the winter.

7.)    Add a Rug- A rug by your front door doesn’t only add a decorative touch but is also completely necessary! Think about how much dirt and leaves people could drag through your home if they didn’t have a rug to clean off their shoes. Try to find a rug that is suitable for high traffic and is very durable. Sometimes pretty rugs that have designs fade quickly. You don’t want to have to replace your rug too often.

8.)    Keep it Simple- Overdoing fall/winter decorations can take away from the beauty of your home. Put just enough decorations to highlight your home and make it look festive.

We hope our fall/winter curb appeal tips were useful to you. Do you have any fall/winter curb appeal tips that you can recommend? Feel free to comment below. 

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Low Ball Offers on Homes: Real Estate Offer Strategy

Low Ball Offers on Homes: 5 Real Estate Offer Strategies

Low Ball Offers on Homes

I think we can all agree that we would love to find a good deal on a home. However, low ball offers aren’t always realistic, especially in our current market conditions.

Even though we are moving into the fall season, homes are still selling at a rapid pace. Currently, we are still in a seller’s market in Louisville. It is very common to see a home that is in good condition sell within a day and sometimes within a few hours. We anticipate seeing this trend continue on until November. 

We are commonly asked by home buyers what is the lowest offer suggested to put in on a home. Typically, any offer that is $10,000 or more below the listing price is considered a low ball offer on a house.

In this market, if you just want to put in a low offer because you want to get a good deal, you will likely not get the house. However, if there is a good reason behind putting in a low offer, you may have a chance at getting the home. In this blog, I will discuss what you should do to increase the chances of your low ball offer being accepted.

Here are a few pointers for putting in a low ball offer on a home:

1.)   Research Market Conditions- Since the real estate market is very hot right now, you have to take that into consideration when submitting an offer on a home. Sellers may not consider a low ball offer just because homes are selling so quickly right now. We see changes in the market all the time. If we move into a buyer’s market, you may have a better chance at buying a home for a lower price. Bottom line, you have to thoroughly understand your market.

2.)    Do Your Homework- How long has the home been on the market? How much do homes in the same neighborhood sell for? What condition is the home in? How well do homes in the neighborhood appreciate? These are all questions you need answers to before you put in an offer.

3.)    Respect the Sellers- Low ball offers can offend sellers. It is best to be as respectful as possible when submitting your offer. I would suggest asking your REALTOR to write an email along with the offer or make a phone call to the listing agent that explains your rationale behind your offer. The homework you have done on the home will come in handy when explaining your rationale. Were you unable to find comps in the neighborhood that reflected the listing price? Did the condition and time on market justify a lower offer? Whatever the reason is, explaining yourself sometimes lessens the blow.

4.)    Have Your Finances in Order- If you are going to put in a lowball offer, make sure you can present a preapproval letter right away. If your offer is low, you need to make sure that everything else looks attractive when the offer is presented. Sellers like to see that you are preapproved regardless of the price of the offer. However, it could help your case a little bit if you are submitting a lower priced offer. If you are submitting a cash offer, your proof of funds should be submitted along with the offer.

5.)    Submit a Clean Offer- If you are going to put in a low offer, make sure your offer is as clean as possible. In section 25 of the sales contract, you can list other provisions. Examples of other provisions would be the swing set to remain; seller to have the oven professionally cleaned; seller to have a ghost inspection; closing to be 90-120 days from now; sale contingent on getting another job; etc. If you are putting in a low offer on a home, you really don’t want to ask for much from the seller. It is best to keep your offer as simple and clean as possible.

Hopefully, this advice will leverage you to get your low offer accepted. I will reiterate that lower offers can be very difficult to get accepted. This advice won’t guarantee to get your offer accepted; however, it could increase your chances.

What are your thoughts on low offers on a home? Do you have any questions or comments regarding the topic? Leave your comments and questions below. As always, feel free to contact the Hollinden Team regarding the real estate market: 502-429-3866.

...

Low Ball Offers on Homes: Real Estate Offer Strategy

Low Ball Offers on Homes: 5 Real Estate Offer Strategies

Low Ball Offers on Homes

I think we can all agree that we would love to find a good deal on a home. However, low ball offers aren’t always realistic, especially in our current market conditions.

Even though we are moving into the fall season, homes are still selling at a rapid pace. Currently, we are still in a seller’s market in Louisville. It is very common to see a home that is in good condition sell within a day and sometimes within a few hours. We anticipate seeing this trend continue on until November. 

We are commonly asked by home buyers what is the lowest offer suggested to put in on a home. Typically, any offer that is $10,000 or more below the listing price is considered a low ball offer on a house.

In this market, if you just want to put in a low offer because you want to get a good deal, you will likely not get the house. However, if there is a good reason behind putting in a low offer, you may have a chance at getting the home. In this blog, I will discuss what you should do to increase the chances of your low ball offer being accepted.

Here are a few pointers for putting in a low ball offer on a home:

1.)   Research Market Conditions- Since the real estate market is very hot right now, you have to take that into consideration when submitting an offer on a home. Sellers may not consider a low ball offer just because homes are selling so quickly right now. We see changes in the market all the time. If we move into a buyer’s market, you may have a better chance at buying a home for a lower price. Bottom line, you have to thoroughly understand your market.

2.)    Do Your Homework- How long has the home been on the market? How much do homes in the same neighborhood sell for? What condition is the home in? How well do homes in the neighborhood appreciate? These are all questions you need answers to before you put in an offer.

3.)    Respect the Sellers- Low ball offers can offend sellers. It is best to be as respectful as possible when submitting your offer. I would suggest asking your REALTOR to write an email along with the offer or make a phone call to the listing agent that explains your rationale behind your offer. The homework you have done on the home will come in handy when explaining your rationale. Were you unable to find comps in the neighborhood that reflected the listing price? Did the condition and time on market justify a lower offer? Whatever the reason is, explaining yourself sometimes lessens the blow.

4.)    Have Your Finances in Order- If you are going to put in a lowball offer, make sure you can present a preapproval letter right away. If your offer is low, you need to make sure that everything else looks attractive when the offer is presented. Sellers like to see that you are preapproved regardless of the price of the offer. However, it could help your case a little bit if you are submitting a lower priced offer. If you are submitting a cash offer, your proof of funds should be submitted along with the offer.

5.)    Submit a Clean Offer- If you are going to put in a low offer, make sure your offer is as clean as possible. In section 25 of the sales contract, you can list other provisions. Examples of other provisions would be the swing set to remain; seller to have the oven professionally cleaned; seller to have a ghost inspection; closing to be 90-120 days from now; sale contingent on getting another job; etc. If you are putting in a low offer on a home, you really don’t want to ask for much from the seller. It is best to keep your offer as simple and clean as possible.

Hopefully, this advice will leverage you to get your low offer accepted. I will reiterate that lower offers can be very difficult to get accepted. This advice won’t guarantee to get your offer accepted; however, it could increase your chances.

What are your thoughts on low offers on a home? Do you have any questions or comments regarding the topic? Leave your comments and questions below. As always, feel free to contact the Hollinden Team regarding the real estate market: 502-429-3866.

...

Low Ball Offers on Homes: Real Estate Offer Strategy

Low Ball Offers on Homes: 5 Real Estate Offer Strategies

Low Ball Offers on Homes

I think we can all agree that we would love to find a good deal on a home. However, low ball offers aren’t always realistic, especially in our current market conditions.

Even though we are moving into the fall season, homes are still selling at a rapid pace. Currently, we are still in a seller’s market in Louisville. It is very common to see a home that is in good condition sell within a day and sometimes within a few hours. We anticipate seeing this trend continue on until November. 

We are commonly asked by home buyers what is the lowest offer suggested to put in on a home. Typically, any offer that is $10,000 or more below the listing price is considered a low ball offer on a house.

In this market, if you just want to put in a low offer because you want to get a good deal, you will likely not get the house. However, if there is a good reason behind putting in a low offer, you may have a chance at getting the home. In this blog, I will discuss what you should do to increase the chances of your low ball offer being accepted.

Here are a few pointers for putting in a low ball offer on a home:

1.)   Research Market Conditions- Since the real estate market is very hot right now, you have to take that into consideration when submitting an offer on a home. Sellers may not consider a low ball offer just because homes are selling so quickly right now. We see changes in the market all the time. If we move into a buyer’s market, you may have a better chance at buying a home for a lower price. Bottom line, you have to thoroughly understand your market.

2.)    Do Your Homework- How long has the home been on the market? How much do homes in the same neighborhood sell for? What condition is the home in? How well do homes in the neighborhood appreciate? These are all questions you need answers to before you put in an offer.

3.)    Respect the Sellers- Low ball offers can offend sellers. It is best to be as respectful as possible when submitting your offer. I would suggest asking your REALTOR to write an email along with the offer or make a phone call to the listing agent that explains your rationale behind your offer. The homework you have done on the home will come in handy when explaining your rationale. Were you unable to find comps in the neighborhood that reflected the listing price? Did the condition and time on market justify a lower offer? Whatever the reason is, explaining yourself sometimes lessens the blow.

4.)    Have Your Finances in Order- If you are going to put in a lowball offer, make sure you can present a preapproval letter right away. If your offer is low, you need to make sure that everything else looks attractive when the offer is presented. Sellers like to see that you are preapproved regardless of the price of the offer. However, it could help your case a little bit if you are submitting a lower priced offer. If you are submitting a cash offer, your proof of funds should be submitted along with the offer.

5.)    Submit a Clean Offer- If you are going to put in a low offer, make sure your offer is as clean as possible. In section 25 of the sales contract, you can list other provisions. Examples of other provisions would be the swing set to remain; seller to have the oven professionally cleaned; seller to have a ghost inspection; closing to be 90-120 days from now; sale contingent on getting another job; etc. If you are putting in a low offer on a home, you really don’t want to ask for much from the seller. It is best to keep your offer as simple and clean as possible.

Hopefully, this advice will leverage you to get your low offer accepted. I will reiterate that lower offers can be very difficult to get accepted. This advice won’t guarantee to get your offer accepted; however, it could increase your chances.

What are your thoughts on low offers on a home? Do you have any questions or comments regarding the topic? Leave your comments and questions below. As always, feel free to contact the Hollinden Team regarding the real estate market: 502-429-3866.

...

5 Most Common Myths About Buying a Home

5 Most Common Real Estate Myths

Working in real estate, the Hollinden Team often hears many myths associated with purchasing a home. We decided to debunk some of the most popular myths that we hear often:

•    You Must Pay Your Buyer’s Agent’s Commission- When you are purchasing a home, you are not required to pay your buyer’s agent’s commission. The seller pays the listing agent’s commission.  The listing agent, in turn, shares their commission with the buyer’s agent.  There are some extremely rare cases where the buyer can pay some commission, but that is another whole article.

•    You Need to Have Perfect Credit- This myth is far from true. There are many loan programs available that lend to buyers with credit scores as low as 620; some loan programs lend to buyers with credit scores as low as 550! The loan process may take a little bit longer and the buyer may have to provide more paperwork than normal. However, lending to buyers will less than perfect credit is possible.  The advantage of owning versus renting greatly overshadows the amount of trouble to get this loan.

•    You Must Have 20 Percent Down Payment- Putting 20 percent down on a mortgage loan is ideal if you have the funds. Putting a 20 percent down payment helps homebuyers avoid paying Private Mortgage Insurance (PMI or MI). There are many loan programs available that allow as low as one percent down. VA loans actually allow you to put zero percent down on the home if you are a veteran.

•    Home Inspections Aren’t Necessary on New Construction- One of our most recent blogs about home inspections touched on this issue. There is a very interesting story on this blog about new construction home inspection that you will want to read! Bottom line, a home inspection is highly recommended for new construction homes. It is always good to have a second set of eyes looking at new construction homes once it is completed.

•    Prequalified and Preapproved Mean the Same Thing- When a lender prequalifies you for a loan, the lender will ask for basic information so that he/she can determine how much you can afford. Getting preapproved by a lender requires a lender to evaluate your financial information and credit score. You will also have to submit a mortgage application.

Can you think of any other common myths about buying a home? Feel free to comment below with any questions regarding this article. Feel free to give the Hollinden Team a call regarding all of your real estate questions: 502-429-3866.

...

5 Most Common Myths About Buying a Home

5 Most Common Real Estate Myths

Working in real estate, the Hollinden Team often hears many myths associated with purchasing a home. We decided to debunk some of the most popular myths that we hear often:

•    You Must Pay Your Buyer’s Agent’s Commission- When you are purchasing a home, you are not required to pay your buyer’s agent’s commission. The seller pays the listing agent’s commission.  The listing agent, in turn, shares their commission with the buyer’s agent.  There are some extremely rare cases where the buyer can pay some commission, but that is another whole article.

•    You Need to Have Perfect Credit- This myth is far from true. There are many loan programs available that lend to buyers with credit scores as low as 620; some loan programs lend to buyers with credit scores as low as 550! The loan process may take a little bit longer and the buyer may have to provide more paperwork than normal. However, lending to buyers will less than perfect credit is possible.  The advantage of owning versus renting greatly overshadows the amount of trouble to get this loan.

•    You Must Have 20 Percent Down Payment- Putting 20 percent down on a mortgage loan is ideal if you have the funds. Putting a 20 percent down payment helps homebuyers avoid paying Private Mortgage Insurance (PMI or MI). There are many loan programs available that allow as low as one percent down. VA loans actually allow you to put zero percent down on the home if you are a veteran.

•    Home Inspections Aren’t Necessary on New Construction- One of our most recent blogs about home inspections touched on this issue. There is a very interesting story on this blog about new construction home inspection that you will want to read! Bottom line, a home inspection is highly recommended for new construction homes. It is always good to have a second set of eyes looking at new construction homes once it is completed.

•    Prequalified and Preapproved Mean the Same Thing- When a lender prequalifies you for a loan, the lender will ask for basic information so that he/she can determine how much you can afford. Getting preapproved by a lender requires a lender to evaluate your financial information and credit score. You will also have to submit a mortgage application.

Can you think of any other common myths about buying a home? Feel free to comment below with any questions regarding this article. Feel free to give the Hollinden Team a call regarding all of your real estate questions: 502-429-3866.

...

5 Most Common Myths About Buying a Home

5 Most Common Real Estate Myths

Working in real estate, the Hollinden Team often hears many myths associated with purchasing a home. We decided to debunk some of the most popular myths that we hear often:

•    You Must Pay Your Buyer’s Agent’s Commission- When you are purchasing a home, you are not required to pay your buyer’s agent’s commission. The seller pays the listing agent’s commission.  The listing agent, in turn, shares their commission with the buyer’s agent.  There are some extremely rare cases where the buyer can pay some commission, but that is another whole article.

•    You Need to Have Perfect Credit- This myth is far from true. There are many loan programs available that lend to buyers with credit scores as low as 620; some loan programs lend to buyers with credit scores as low as 550! The loan process may take a little bit longer and the buyer may have to provide more paperwork than normal. However, lending to buyers will less than perfect credit is possible.  The advantage of owning versus renting greatly overshadows the amount of trouble to get this loan.

•    You Must Have 20 Percent Down Payment- Putting 20 percent down on a mortgage loan is ideal if you have the funds. Putting a 20 percent down payment helps homebuyers avoid paying Private Mortgage Insurance (PMI or MI). There are many loan programs available that allow as low as one percent down. VA loans actually allow you to put zero percent down on the home if you are a veteran.

•    Home Inspections Aren’t Necessary on New Construction- One of our most recent blogs about home inspections touched on this issue. There is a very interesting story on this blog about new construction home inspection that you will want to read! Bottom line, a home inspection is highly recommended for new construction homes. It is always good to have a second set of eyes looking at new construction homes once it is completed.

•    Prequalified and Preapproved Mean the Same Thing- When a lender prequalifies you for a loan, the lender will ask for basic information so that he/she can determine how much you can afford. Getting preapproved by a lender requires a lender to evaluate your financial information and credit score. You will also have to submit a mortgage application.

Can you think of any other common myths about buying a home? Feel free to comment below with any questions regarding this article. Feel free to give the Hollinden Team a call regarding all of your real estate questions: 502-429-3866.

...

What is a Home Inspection?

Home Inspection in Kentucky

What is a home inspection?

A home inspection is likely one of the most important parts of a home purchase process. Without a home inspection, how would you know if everything in your new home is in safe and working order? A home inspection is a way to protect the buyer from purchasing a home that is unsafe or will need costly repairs. Every buyer of a home is given the opportunity to conduct a home inspection, even if the home is sold-as-is.

A general home inspection isn’t only meant for previously owned single family homes. A home inspection is strongly suggested for new construction homes, patio homes, condominiums, and townhomes as well.

Here is the reason why:

Steve Dobbs represented a buyer purchasing a new construction home a few years ago. Believe it or not, the home inspector found that the new construction home needed a brand new roof! New construction homes almost always provide a builder’s warranty. However, you still need a home inspection. This goes to show it is better to be safe than sorry.  The builder should not be offended; it is another set of eyes looking over the home.

Typically, it is written in the contract that the buyer has anywhere between 10-14 days to conduct a home inspection. You will want to schedule your home inspection ASAP. Especially during the spring and summer, home inspectors get booked very quickly. You need to make sure that your home inspection and repair request are completed within the time frame listed in the sales contract. Home inspections range between $300-$500.

Usually home inspection companies also offer radon inspections and termite inspections. Both of these inspections are strongly advised. Homes in Kentucky are susceptible to radon and especially in our five county area. Steve Dobbs wrote a great article regarding radon in Kentucky homes. A termite inspection usually ranges from $50 to $100 and a radon inspection is between $100 to $200.

Home inspection usually range from two to three hours, depending on the size of the home. We usually advise our clients to come to the home inspection an hour before it is complete for the wrap-up. This way, the inspector has plenty of time to evaluate the home and has no distractions. At the wrap-up, he will go over his concerns and show you important things such as the main water valve shut off.  The home inspector is mainly looking for repairs that will needed involving functionality and safety. Cosmetic repairs will be overlooked.

What will your home inspector look for?

A home inspector will generally examine the following:

-          Foundation of home

-          Frame of the home

-          Roof

-          Plumbing

-          Electrical

-          Heating system

-          Cooling system

-          Interior (doors, walls, floors, stairs, etc.)

-          Exterior (driveway, porch, sidewalks, rails, brick or siding, etc.)

-          Fireplace

-          Insulation and ventilation

What happens after the home inspection?

After your inspector has completed the inspection, he will sit down with you and discuss his findings. Usually he or she will have a computer with pictures to show you the areas in your home that need repair. The home inspector is performing a general home inspection.  He may be uncomfortable with an issue and recommend that an expert in that particular field also inspect the issue in question.  A good example will be a foundation or structural issue.

Within a day, your inspector will email you and your REALTOR a written home inspection report that includes pictures and descriptions of the areas that need to be fixed. If you had a termite or radon inspection, these reports will come in a separate report.  You and your REALTOR will look over the home inspection report to determine what you will ask the seller to repair. The list may be long or short.  Oftentimes, if the list is lengthy, we focus on the most important issues.  At this point, if you do not like the findings of the home inspection, you are legally able to walk away from the real estate transaction.

 Always keep in mind, no home is perfect, especially older homes. It is almost unheard of for a home inspector to find absolutely nothing wrong with a home. Even if there are major issues with the home, you can always ask the seller to repair these issues in the repair request.

Do you have any additional questions or comments about home inspections? Please feel free to share below. We would love to answer any questions you may have.

...

What is a Home Inspection?

Home Inspection in Kentucky

What is a home inspection?

A home inspection is likely one of the most important parts of a home purchase process. Without a home inspection, how would you know if everything in your new home is in safe and working order? A home inspection is a way to protect the buyer from purchasing a home that is unsafe or will need costly repairs. Every buyer of a home is given the opportunity to conduct a home inspection, even if the home is sold-as-is.

A general home inspection isn’t only meant for previously owned single family homes. A home inspection is strongly suggested for new construction homes, patio homes, condominiums, and townhomes as well.

Here is the reason why:

Steve Dobbs represented a buyer purchasing a new construction home a few years ago. Believe it or not, the home inspector found that the new construction home needed a brand new roof! New construction homes almost always provide a builder’s warranty. However, you still need a home inspection. This goes to show it is better to be safe than sorry.  The builder should not be offended; it is another set of eyes looking over the home.

Typically, it is written in the contract that the buyer has anywhere between 10-14 days to conduct a home inspection. You will want to schedule your home inspection ASAP. Especially during the spring and summer, home inspectors get booked very quickly. You need to make sure that your home inspection and repair request are completed within the time frame listed in the sales contract. Home inspections range between $300-$500.

Usually home inspection companies also offer radon inspections and termite inspections. Both of these inspections are strongly advised. Homes in Kentucky are susceptible to radon and especially in our five county area. Steve Dobbs wrote a great article regarding radon in Kentucky homes. A termite inspection usually ranges from $50 to $100 and a radon inspection is between $100 to $200.

Home inspection usually range from two to three hours, depending on the size of the home. We usually advise our clients to come to the home inspection an hour before it is complete for the wrap-up. This way, the inspector has plenty of time to evaluate the home and has no distractions. At the wrap-up, he will go over his concerns and show you important things such as the main water valve shut off.  The home inspector is mainly looking for repairs that will needed involving functionality and safety. Cosmetic repairs will be overlooked.

What will your home inspector look for?

A home inspector will generally examine the following:

-          Foundation of home

-          Frame of the home

-          Roof

-          Plumbing

-          Electrical

-          Heating system

-          Cooling system

-          Interior (doors, walls, floors, stairs, etc.)

-          Exterior (driveway, porch, sidewalks, rails, brick or siding, etc.)

-          Fireplace

-          Insulation and ventilation

What happens after the home inspection?

After your inspector has completed the inspection, he will sit down with you and discuss his findings. Usually he or she will have a computer with pictures to show you the areas in your home that need repair. The home inspector is performing a general home inspection.  He may be uncomfortable with an issue and recommend that an expert in that particular field also inspect the issue in question.  A good example will be a foundation or structural issue.

Within a day, your inspector will email you and your REALTOR a written home inspection report that includes pictures and descriptions of the areas that need to be fixed. If you had a termite or radon inspection, these reports will come in a separate report.  You and your REALTOR will look over the home inspection report to determine what you will ask the seller to repair. The list may be long or short.  Oftentimes, if the list is lengthy, we focus on the most important issues.  At this point, if you do not like the findings of the home inspection, you are legally able to walk away from the real estate transaction.

 Always keep in mind, no home is perfect, especially older homes. It is almost unheard of for a home inspector to find absolutely nothing wrong with a home. Even if there are major issues with the home, you can always ask the seller to repair these issues in the repair request.

Do you have any additional questions or comments about home inspections? Please feel free to share below. We would love to answer any questions you may have.

...

What is a Home Inspection?

Home Inspection in Kentucky

What is a home inspection?

A home inspection is likely one of the most important parts of a home purchase process. Without a home inspection, how would you know if everything in your new home is in safe and working order? A home inspection is a way to protect the buyer from purchasing a home that is unsafe or will need costly repairs. Every buyer of a home is given the opportunity to conduct a home inspection, even if the home is sold-as-is.

A general home inspection isn’t only meant for previously owned single family homes. A home inspection is strongly suggested for new construction homes, patio homes, condominiums, and townhomes as well.

Here is the reason why:

Steve Dobbs represented a buyer purchasing a new construction home a few years ago. Believe it or not, the home inspector found that the new construction home needed a brand new roof! New construction homes almost always provide a builder’s warranty. However, you still need a home inspection. This goes to show it is better to be safe than sorry.  The builder should not be offended; it is another set of eyes looking over the home.

Typically, it is written in the contract that the buyer has anywhere between 10-14 days to conduct a home inspection. You will want to schedule your home inspection ASAP. Especially during the spring and summer, home inspectors get booked very quickly. You need to make sure that your home inspection and repair request are completed within the time frame listed in the sales contract. Home inspections range between $300-$500.

Usually home inspection companies also offer radon inspections and termite inspections. Both of these inspections are strongly advised. Homes in Kentucky are susceptible to radon and especially in our five county area. Steve Dobbs wrote a great article regarding radon in Kentucky homes. A termite inspection usually ranges from $50 to $100 and a radon inspection is between $100 to $200.

Home inspection usually range from two to three hours, depending on the size of the home. We usually advise our clients to come to the home inspection an hour before it is complete for the wrap-up. This way, the inspector has plenty of time to evaluate the home and has no distractions. At the wrap-up, he will go over his concerns and show you important things such as the main water valve shut off.  The home inspector is mainly looking for repairs that will needed involving functionality and safety. Cosmetic repairs will be overlooked.

What will your home inspector look for?

A home inspector will generally examine the following:

-          Foundation of home

-          Frame of the home

-          Roof

-          Plumbing

-          Electrical

-          Heating system

-          Cooling system

-          Interior (doors, walls, floors, stairs, etc.)

-          Exterior (driveway, porch, sidewalks, rails, brick or siding, etc.)

-          Fireplace

-          Insulation and ventilation

What happens after the home inspection?

After your inspector has completed the inspection, he will sit down with you and discuss his findings. Usually he or she will have a computer with pictures to show you the areas in your home that need repair. The home inspector is performing a general home inspection.  He may be uncomfortable with an issue and recommend that an expert in that particular field also inspect the issue in question.  A good example will be a foundation or structural issue.

Within a day, your inspector will email you and your REALTOR a written home inspection report that includes pictures and descriptions of the areas that need to be fixed. If you had a termite or radon inspection, these reports will come in a separate report.  You and your REALTOR will look over the home inspection report to determine what you will ask the seller to repair. The list may be long or short.  Oftentimes, if the list is lengthy, we focus on the most important issues.  At this point, if you do not like the findings of the home inspection, you are legally able to walk away from the real estate transaction.

 Always keep in mind, no home is perfect, especially older homes. It is almost unheard of for a home inspector to find absolutely nothing wrong with a home. Even if there are major issues with the home, you can always ask the seller to repair these issues in the repair request.

Do you have any additional questions or comments about home inspections? Please feel free to share below. We would love to answer any questions you may have.

...

Vacant House Bites

Warning graphic images follow!  Not really, but what follows is one of the perils of showing foreclosed vacant homes.

This story starts with a bank repossession house that I have listed in the west end of Louisville.  Last week, I did a routine check of the interior of the house including the basement.  I then went outside for a visual check of the roof.  As I got back in my car, I noticed lots of black specks on my light gray pants.  I quickly got out of the car and brushed off my pants getting rid of the insects that were attracted to me.  I never thought a whole lot more about it until later the next day.  While I was drying myself off after my morning shower, I noticed several red spots on my leg.  Examining further, I see that they start at my sock line.

Flea bites on Tim Hollinden leg

I am thinking about what I have done to deserve these red spots, which I am quickly determining to be insect bites.  I think back to my visit to the west end listing.  Then it hits me!! Two weeks previous, a cat had gained entry into the house and died on the basement steps.  The property management company disposed of it and that problem was solved.  However, after 2 weeks, the fleas on the cat were getting a little hungry.  Enter the first warm-blooded mammal, and dinner was served.

Flea bites on Tim Hollinden leg

Should I have known better? YES.  Is this my first rodeo? NO.

So, here comes The Hollinden Team recommendations for showing vacant houses.

  1. Clothing is crucial.  Sandals and shorts are not a good idea anytime you are showing foreclosed homes for a myriad of reasons.
  2. Some big rubber bands can be helpful.  Wrap these around your lower pants leg and it will slow the migration to warm, juicy, flesh.  The clips that a biker uses may work as well.
  3. Insect repellent with “DEET” should work well.  I have never had any issues with fleas above my knee-line.  By the time that fleas arrive at my knees, they are fully gorged.
  4. Send in a sacrificial animal first to walk around.  Just kidding!

 As I finish this, there are still more questions.  Did I bring any fleas into my car?  Worse yet, did I bring any into our home?  Fumigating the car will be my first step in preventing more fleabites.

If you want to know more about Foreclosed Homes in Louisville KY, contact Steve Dobbs or any member of The Hollinden Team.

...

Vacant House Bites

Warning graphic images follow!  Not really, but what follows is one of the perils of showing foreclosed vacant homes.

This story starts with a bank repossession house that I have listed in the west end of Louisville.  Last week, I did a routine check of the interior of the house including the basement.  I then went outside for a visual check of the roof.  As I got back in my car, I noticed lots of black specks on my light gray pants.  I quickly got out of the car and brushed off my pants getting rid of the insects that were attracted to me.  I never thought a whole lot more about it until later the next day.  While I was drying myself off after my morning shower, I noticed several red spots on my leg.  Examining further, I see that they start at my sock line.

Flea bites on Tim Hollinden leg

I am thinking about what I have done to deserve these red spots, which I am quickly determining to be insect bites.  I think back to my visit to the west end listing.  Then it hits me!! Two weeks previous, a cat had gained entry into the house and died on the basement steps.  The property management company disposed of it and that problem was solved.  However, after 2 weeks, the fleas on the cat were getting a little hungry.  Enter the first warm-blooded mammal, and dinner was served.

Flea bites on Tim Hollinden leg

Should I have known better? YES.  Is this my first rodeo? NO.

So, here comes The Hollinden Team recommendations for showing vacant houses.

  1. Clothing is crucial.  Sandals and shorts are not a good idea anytime you are showing foreclosed homes for a myriad of reasons.
  2. Some big rubber bands can be helpful.  Wrap these around your lower pants leg and it will slow the migration to warm, juicy, flesh.  The clips that a biker uses may work as well.
  3. Insect repellent with “DEET” should work well.  I have never had any issues with fleas above my knee-line.  By the time that fleas arrive at my knees, they are fully gorged.
  4. Send in a sacrificial animal first to walk around.  Just kidding!

 As I finish this, there are still more questions.  Did I bring any fleas into my car?  Worse yet, did I bring any into our home?  Fumigating the car will be my first step in preventing more fleabites.

If you want to know more about Foreclosed Homes in Louisville KY, contact Steve Dobbs or any member of The Hollinden Team.

...

Vacant House Bites

Warning graphic images follow!  Not really, but what follows is one of the perils of showing foreclosed vacant homes.

This story starts with a bank repossession house that I have listed in the west end of Louisville.  Last week, I did a routine check of the interior of the house including the basement.  I then went outside for a visual check of the roof.  As I got back in my car, I noticed lots of black specks on my light gray pants.  I quickly got out of the car and brushed off my pants getting rid of the insects that were attracted to me.  I never thought a whole lot more about it until later the next day.  While I was drying myself off after my morning shower, I noticed several red spots on my leg.  Examining further, I see that they start at my sock line.

Flea bites on Tim Hollinden leg

I am thinking about what I have done to deserve these red spots, which I am quickly determining to be insect bites.  I think back to my visit to the west end listing.  Then it hits me!! Two weeks previous, a cat had gained entry into the house and died on the basement steps.  The property management company disposed of it and that problem was solved.  However, after 2 weeks, the fleas on the cat were getting a little hungry.  Enter the first warm-blooded mammal, and dinner was served.

Flea bites on Tim Hollinden leg

Should I have known better? YES.  Is this my first rodeo? NO.

So, here comes The Hollinden Team recommendations for showing vacant houses.

  1. Clothing is crucial.  Sandals and shorts are not a good idea anytime you are showing foreclosed homes for a myriad of reasons.
  2. Some big rubber bands can be helpful.  Wrap these around your lower pants leg and it will slow the migration to warm, juicy, flesh.  The clips that a biker uses may work as well.
  3. Insect repellent with “DEET” should work well.  I have never had any issues with fleas above my knee-line.  By the time that fleas arrive at my knees, they are fully gorged.
  4. Send in a sacrificial animal first to walk around.  Just kidding!

 As I finish this, there are still more questions.  Did I bring any fleas into my car?  Worse yet, did I bring any into our home?  Fumigating the car will be my first step in preventing more fleabites.

If you want to know more about Foreclosed Homes in Louisville KY, contact Steve Dobbs or any member of The Hollinden Team.

...

Vacant House Bites

Warning graphic images follow!  Not really, but what follows is one of the perils of showing foreclosed vacant homes.

This story starts with a bank repossession house that I have listed in the west end of Louisville.  Last week, I did a routine check of the interior of the house including the basement.  I then went outside for a visual check of the roof.  As I got back in my car, I noticed lots of black specks on my light gray pants.  I quickly got out of the car and brushed off my pants getting rid of the insects that were attracted to me.  I never thought a whole lot more about it until later the next day.  While I was drying myself off after my morning shower, I noticed several red spots on my leg.  Examining further, I see that they start at my sock line.

Flea bites on Tim Hollinden leg

I am thinking about what I have done to deserve these red spots, which I am quickly determining to be insect bites.  I think back to my visit to the west end listing.  Then it hits me!! Two weeks previous, a cat had gained entry into the house and died on the basement steps.  The property management company disposed of it and that problem was solved.  However, after 2 weeks, the fleas on the cat were getting a little hungry.  Enter the first warm-blooded mammal, and dinner was served.

Flea bites on Tim Hollinden leg

Should I have known better? YES.  Is this my first rodeo? NO.

So, here comes The Hollinden Team recommendations for showing vacant houses.

  1. Clothing is crucial.  Sandals and shorts are not a good idea anytime you are showing foreclosed homes for a myriad of reasons.
  2. Some big rubber bands can be helpful.  Wrap these around your lower pants leg and it will slow the migration to warm, juicy, flesh.  The clips that a biker uses may work as well.
  3. Insect repellent with “DEET” should work well.  I have never had any issues with fleas above my knee-line.  By the time that fleas arrive at my knees, they are fully gorged.
  4. Send in a sacrificial animal first to walk around.  Just kidding!

 As I finish this, there are still more questions.  Did I bring any fleas into my car?  Worse yet, did I bring any into our home?  Fumigating the car will be my first step in preventing more fleabites.

If you want to know more about Foreclosed Homes in Louisville KY, contact Steve Dobbs or any member of The Hollinden Team.

...

Inspection Stickers needed?

One of the agents in our Louisville KY office had questions about repairs, additions, and other items and wanted to know if inspection stickers were needed.  The home in question had a recently built garage with a lot of outlets.  There was a new hot water in the house along with some other newer electrical items.  Her concern was that there were no inspection stickers and wondered if this was legal.  Her second question wondered if a plumber or electrician can inspect and then place an inspection sticker.  Her third question concerned the need for an inspection sticker.

Inspection Sticker

The home in question was built in 1979 in Jeffersontown, KY and was bank owned.  Of course, it was to be purchased “as-is”.  There was no way to determine who had made the plumbing and electrical repairs / improvements in the past.

The Jeffersontown Code Enforcement informed her that there is no Kentucky or city requirement that a permit sticker has to be on the electrical box.  If there are any problems with the electrical box, an electrician can do the repairs. If the electrician is changing something major, he would pull a permit.  However, he would only be verifying the work that he had performed.  In order to verify everything, the electrician or plumber would need to remove the drywall and inspect all of the wiring and/or plumbing.  This could get pretty expensive.

Now the thoughts came to home insurance.  As calls went to the Kentucky Farm Bureau Insurance, she was informed that an inspection permit is not a requirement for obtaining home insurance.  They further stated that you cannot be denied a claim if there was a code violation.

All of this information was given to the home buyer to let him make the determination if he wanted to pursue this deal.

If you have any questions about this, feel free to contact us.

 If you are looking for a new home in the Louisville KY market, Tim Hollinden and The Hollinden Team stand ready to assist and give you the best service.

...

Inspection Stickers needed?

One of the agents in our Louisville KY office had questions about repairs, additions, and other items and wanted to know if inspection stickers were needed.  The home in question had a recently built garage with a lot of outlets.  There was a new hot water in the house along with some other newer electrical items.  Her concern was that there were no inspection stickers and wondered if this was legal.  Her second question wondered if a plumber or electrician can inspect and then place an inspection sticker.  Her third question concerned the need for an inspection sticker.

Inspection Sticker

The home in question was built in 1979 in Jeffersontown, KY and was bank owned.  Of course, it was to be purchased “as-is”.  There was no way to determine who had made the plumbing and electrical repairs / improvements in the past.

The Jeffersontown Code Enforcement informed her that there is no Kentucky or city requirement that a permit sticker has to be on the electrical box.  If there are any problems with the electrical box, an electrician can do the repairs. If the electrician is changing something major, he would pull a permit.  However, he would only be verifying the work that he had performed.  In order to verify everything, the electrician or plumber would need to remove the drywall and inspect all of the wiring and/or plumbing.  This could get pretty expensive.

Now the thoughts came to home insurance.  As calls went to the Kentucky Farm Bureau Insurance, she was informed that an inspection permit is not a requirement for obtaining home insurance.  They further stated that you cannot be denied a claim if there was a code violation.

All of this information was given to the home buyer to let him make the determination if he wanted to pursue this deal.

If you have any questions about this, feel free to contact us.

 If you are looking for a new home in the Louisville KY market, Tim Hollinden and The Hollinden Team stand ready to assist and give you the best service.

...

Inspection Stickers needed?

One of the agents in our Louisville KY office had questions about repairs, additions, and other items and wanted to know if inspection stickers were needed.  The home in question had a recently built garage with a lot of outlets.  There was a new hot water in the house along with some other newer electrical items.  Her concern was that there were no inspection stickers and wondered if this was legal.  Her second question wondered if a plumber or electrician can inspect and then place an inspection sticker.  Her third question concerned the need for an inspection sticker.

Inspection Sticker

The home in question was built in 1979 in Jeffersontown, KY and was bank owned.  Of course, it was to be purchased “as-is”.  There was no way to determine who had made the plumbing and electrical repairs / improvements in the past.

The Jeffersontown Code Enforcement informed her that there is no Kentucky or city requirement that a permit sticker has to be on the electrical box.  If there are any problems with the electrical box, an electrician can do the repairs. If the electrician is changing something major, he would pull a permit.  However, he would only be verifying the work that he had performed.  In order to verify everything, the electrician or plumber would need to remove the drywall and inspect all of the wiring and/or plumbing.  This could get pretty expensive.

Now the thoughts came to home insurance.  As calls went to the Kentucky Farm Bureau Insurance, she was informed that an inspection permit is not a requirement for obtaining home insurance.  They further stated that you cannot be denied a claim if there was a code violation.

All of this information was given to the home buyer to let him make the determination if he wanted to pursue this deal.

If you have any questions about this, feel free to contact us.

 If you are looking for a new home in the Louisville KY market, Tim Hollinden and The Hollinden Team stand ready to assist and give you the best service.

...

Should I list my home in the winter?

 I have conversations with my sellers in the Louisville KY area frequently.  At this time of year, the question comes up about whether to leave the house on the market during the winter months, or even to have the listing active during the holidays.

I think that it comes down to motivation. 

How motivated are Mr. and Mrs. Seller?  I feel sure that the buyers are serious if they are out in Louisville’s winter weather.

So, what is at stake?

  • Inclement weather needs to be addressed.  If it snows, and it does snow in Louisville, the sidewalks need to be cleaned.  It is not a welcoming sight to the buyer’s eyes having to traipse through the snow to get to the front door.
  • Speaking of snow or rain, there needs to be an absorbent welcome mat inside the front door.  If need be, booties could be provided to protect the carpet.
  • The seller does not want to leave their cozy, warm fire; yet the buyers expect to have the house to themselves.  Sacrifices will have to be made.
  • If the sellers truly want their home sold; it has to be shown.  Refusing showings just insures that it will be on the market even longer.
  • There are fewer properties on the market reducing the competition.  Currently this amounts to 20% reduction from normal home inventory. For buyers that need to relocate or purchase immediately, this is a good thing for the sellers.

The Hollinden Team thinks that sellers need to rate themselves on a motivation scale from 1-10.  Is their home on the market to see what happens, or do they want to see it sold?  Contact The Hollinden Team in Louisville KY and let them give you more detail.

...

Should I list my home in the winter?

 I have conversations with my sellers in the Louisville KY area frequently.  At this time of year, the question comes up about whether to leave the house on the market during the winter months, or even to have the listing active during the holidays.

I think that it comes down to motivation. 

How motivated are Mr. and Mrs. Seller?  I feel sure that the buyers are serious if they are out in Louisville’s winter weather.

So, what is at stake?

  • Inclement weather needs to be addressed.  If it snows, and it does snow in Louisville, the sidewalks need to be cleaned.  It is not a welcoming sight to the buyer’s eyes having to traipse through the snow to get to the front door.
  • Speaking of snow or rain, there needs to be an absorbent welcome mat inside the front door.  If need be, booties could be provided to protect the carpet.
  • The seller does not want to leave their cozy, warm fire; yet the buyers expect to have the house to themselves.  Sacrifices will have to be made.
  • If the sellers truly want their home sold; it has to be shown.  Refusing showings just insures that it will be on the market even longer.
  • There are fewer properties on the market reducing the competition.  Currently this amounts to 20% reduction from normal home inventory. For buyers that need to relocate or purchase immediately, this is a good thing for the sellers.

The Hollinden Team thinks that sellers need to rate themselves on a motivation scale from 1-10.  Is their home on the market to see what happens, or do they want to see it sold?  Contact The Hollinden Team in Louisville KY and let them give you more detail.

...

Radon in Kentucky can be a Problem

Radon is a cancer-causing, radioactive gas.  In Kentucky, around 42% of our untreated homes will have levels above the EPA action level of 4.0 pico curies per liter of air.  In Louisville KY (Jefferson County), the Radon level increases to over 60%.  The levels of Radon Gas depend on the type of soil and rock structure beneath our homes.  The Radon levels vary across counties and will vary from house to house in the same neighborhood.  Fortunately, it is usually easily mitigated by a Radon Professional.  Costs will generally run $800-$1,000 and should include a follow up test showing the radon mitigation system is doing its job.

In general, the longer the test the better and more accurate the tests will be.  On most real estate transactions in Louisville, we receive a 48-hour test.  The Hollinden Team prefers a written report with results posted hourly.  This gives us the average that we need to form a decision and often a graph to see how wide the results swing.

On the seller’s disclosure form, the sellers are asked if there has been any testing for Radon gas.  If so, what were the results?  If the home inspection results show a high level of Radon gas, the buyers most often will ask the sellers to install a Radon mitigation system.  The sellers have the right to refuse; but it is now a Catch-22 situation.  Let’s say the deal falls through.  Since the sellers now know of a Radon Test being performed, they need to post a new home Seller’s disclosure with the tested results.  This is certainly a red flag to the next prospective buyer.

The Kentucky Association of Radon Professionals is active in KY and helps homeowners make informed decisions about Radon.  They have produced a Consumer Guide to Radon Reduction in KY PDF file which is very informative. 

It can be very confusing to know what the Radon numbers actually mean.  The Kentucky Association of Radon Professionals have made a chart comparing Radon exposure to smoking cigarettes and chest x-rays.  In KY, we have a high percentage of cigarette smokers.  Radon gas can contribute to lung problems.

The EPA has also quite a bit of information about Radon and have made a booklet on the Home Buyer’s and Seller’s Guide to Radon.  This is even more unbiased information on the dangers of Radon Gas.  The EPA has also produced a booklet on A Citizen’s Guide to RadonThe Hollinden Team thinks that the informed consumer is the best.

...

Radon in Kentucky can be a Problem

Radon is a cancer-causing, radioactive gas.  In Kentucky, around 42% of our untreated homes will have levels above the EPA action level of 4.0 pico curies per liter of air.  In Louisville KY (Jefferson County), the Radon level increases to over 60%.  The levels of Radon Gas depend on the type of soil and rock structure beneath our homes.  The Radon levels vary across counties and will vary from house to house in the same neighborhood.  Fortunately, it is usually easily mitigated by a Radon Professional.  Costs will generally run $800-$1,000 and should include a follow up test showing the radon mitigation system is doing its job.

In general, the longer the test the better and more accurate the tests will be.  On most real estate transactions in Louisville, we receive a 48-hour test.  The Hollinden Team prefers a written report with results posted hourly.  This gives us the average that we need to form a decision and often a graph to see how wide the results swing.

On the seller’s disclosure form, the sellers are asked if there has been any testing for Radon gas.  If so, what were the results?  If the home inspection results show a high level of Radon gas, the buyers most often will ask the sellers to install a Radon mitigation system.  The sellers have the right to refuse; but it is now a Catch-22 situation.  Let’s say the deal falls through.  Since the sellers now know of a Radon Test being performed, they need to post a new home Seller’s disclosure with the tested results.  This is certainly a red flag to the next prospective buyer.

The Kentucky Association of Radon Professionals is active in KY and helps homeowners make informed decisions about Radon.  They have produced a Consumer Guide to Radon Reduction in KY PDF file which is very informative. 

It can be very confusing to know what the Radon numbers actually mean.  The Kentucky Association of Radon Professionals have made a chart comparing Radon exposure to smoking cigarettes and chest x-rays.  In KY, we have a high percentage of cigarette smokers.  Radon gas can contribute to lung problems.

The EPA has also quite a bit of information about Radon and have made a booklet on the Home Buyer’s and Seller’s Guide to Radon.  This is even more unbiased information on the dangers of Radon Gas.  The EPA has also produced a booklet on A Citizen’s Guide to RadonThe Hollinden Team thinks that the informed consumer is the best.

...

Radon in Kentucky can be a Problem

Radon is a cancer-causing, radioactive gas.  In Kentucky, around 42% of our untreated homes will have levels above the EPA action level of 4.0 pico curies per liter of air.  In Louisville KY (Jefferson County), the Radon level increases to over 60%.  The levels of Radon Gas depend on the type of soil and rock structure beneath our homes.  The Radon levels vary across counties and will vary from house to house in the same neighborhood.  Fortunately, it is usually easily mitigated by a Radon Professional.  Costs will generally run $800-$1,000 and should include a follow up test showing the radon mitigation system is doing its job.

In general, the longer the test the better and more accurate the tests will be.  On most real estate transactions in Louisville, we receive a 48-hour test.  The Hollinden Team prefers a written report with results posted hourly.  This gives us the average that we need to form a decision and often a graph to see how wide the results swing.

On the seller’s disclosure form, the sellers are asked if there has been any testing for Radon gas.  If so, what were the results?  If the home inspection results show a high level of Radon gas, the buyers most often will ask the sellers to install a Radon mitigation system.  The sellers have the right to refuse; but it is now a Catch-22 situation.  Let’s say the deal falls through.  Since the sellers now know of a Radon Test being performed, they need to post a new home Seller’s disclosure with the tested results.  This is certainly a red flag to the next prospective buyer.

The Kentucky Association of Radon Professionals is active in KY and helps homeowners make informed decisions about Radon.  They have produced a Consumer Guide to Radon Reduction in KY PDF file which is very informative. 

It can be very confusing to know what the Radon numbers actually mean.  The Kentucky Association of Radon Professionals have made a chart comparing Radon exposure to smoking cigarettes and chest x-rays.  In KY, we have a high percentage of cigarette smokers.  Radon gas can contribute to lung problems.

The EPA has also quite a bit of information about Radon and have made a booklet on the Home Buyer’s and Seller’s Guide to Radon.  This is even more unbiased information on the dangers of Radon Gas.  The EPA has also produced a booklet on A Citizen’s Guide to RadonThe Hollinden Team thinks that the informed consumer is the best.

...

Are Credit Counselors a good thing?

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 to let me know the amount of the pre-approval.

A few days later, my client calls me and reports that he was turned down for the home loan approval.  I was expecting to hear that his credit score killed them and he tells me that it is 650.  Not being a Louisville loan officer, I am thinking that this is not too bad and there is more to the story, and there was!  A few months back, they had hired a “credit counselor”.  They would give the counselor XX dollars a month and the counselor would pay their bills in the way that would best bring up their credit score.

Now here is the rub, the Louisville, KY mortgage officer looked at the fact that they had hired a credit counselor in a negative light.  The reasoning is that the couple must not be responsible if they have to hire someone to pay their bills.  To say my client was unhappy, was an understatement.

Here is the amazing thing, this couple had cash in the bank and thought that they were doing the best that they could to raise their credit score.  Their plan was to pay off the “credit counselor” that day and take over their day to day affairs.  Hopefully in 2 or 3 months, they can buy a house in Old Louisville.

If you have any questions about your mortgage payments, check out our mortgage calculator at The Hollinden Team in Louisville, KY.

...

Are Credit Counselors a good thing?

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 to let me know the amount of the pre-approval.

A few days later, my client calls me and reports that he was turned down for the home loan approval.  I was expecting to hear that his credit score killed them and he tells me that it is 650.  Not being a Louisville loan officer, I am thinking that this is not too bad and there is more to the story, and there was!  A few months back, they had hired a “credit counselor”.  They would give the counselor XX dollars a month and the counselor would pay their bills in the way that would best bring up their credit score.

Now here is the rub, the Louisville, KY mortgage officer looked at the fact that they had hired a credit counselor in a negative light.  The reasoning is that the couple must not be responsible if they have to hire someone to pay their bills.  To say my client was unhappy, was an understatement.

Here is the amazing thing, this couple had cash in the bank and thought that they were doing the best that they could to raise their credit score.  Their plan was to pay off the “credit counselor” that day and take over their day to day affairs.  Hopefully in 2 or 3 months, they can buy a house in Old Louisville.

If you have any questions about your mortgage payments, check out our mortgage calculator at The Hollinden Team in Louisville, KY.

...

Are Credit Counselors a good thing?

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 to let me know the amount of the pre-approval.

A few days later, my client calls me and reports that he was turned down for the home loan approval.  I was expecting to hear that his credit score killed them and he tells me that it is 650.  Not being a Louisville loan officer, I am thinking that this is not too bad and there is more to the story, and there was!  A few months back, they had hired a “credit counselor”.  They would give the counselor XX dollars a month and the counselor would pay their bills in the way that would best bring up their credit score.

Now here is the rub, the Louisville, KY mortgage officer looked at the fact that they had hired a credit counselor in a negative light.  The reasoning is that the couple must not be responsible if they have to hire someone to pay their bills.  To say my client was unhappy, was an understatement.

Here is the amazing thing, this couple had cash in the bank and thought that they were doing the best that they could to raise their credit score.  Their plan was to pay off the “credit counselor” that day and take over their day to day affairs.  Hopefully in 2 or 3 months, they can buy a house in Old Louisville.

If you have any questions about your mortgage payments, check out our mortgage calculator at The Hollinden Team in Louisville, KY.

...

Spring is coming to Louisville

It may be me, but I can tell a change in the season. I am getting more and more calls and visits to the website. At my open house Sunday, attendance was up.  For some people, this was the first time that they had been out this winter.
And, they are looking at houses because they want to move. As we make small talk, I find that most will qualify for the $6500 tax credit.  This is a pleasant surprise for them. I continue to talk about it as I am sure most agents do. It does seem to create a need for urgency. I look for things to get even better in Louisville Real Estate.  Let’s hope the surge in buying continues past the tax credit deadline of April 30th.
The Louisville Board of Realtors® reports that listings were up 21% the first week of March compared to last year.  Sales were up 16% in the comparable period.

...

Spring is coming to Louisville

It may be me, but I can tell a change in the season. I am getting more and more calls and visits to the website. At my open house Sunday, attendance was up.  For some people, this was the first time that they had been out this winter.
And, they are looking at houses because they want to move. As we make small talk, I find that most will qualify for the $6500 tax credit.  This is a pleasant surprise for them. I continue to talk about it as I am sure most agents do. It does seem to create a need for urgency. I look for things to get even better in Louisville Real Estate.  Let’s hope the surge in buying continues past the tax credit deadline of April 30th.
The Louisville Board of Realtors® reports that listings were up 21% the first week of March compared to last year.  Sales were up 16% in the comparable period.

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