What's Happening with Louisville Real Estate?

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 Selling your Louisville home? Get a free Home Value Report 

I'm here today to provide you with a brief real estate market update for the Louisville area in April of 2015. Hopefully, you can use this information to your advantage when you're buying or selling this year.

• There are approximately 5,500 homes on the market, compared to 6,600 we had last year
• Absorption rate is currently 4.46 months
• Average sales price is $195,000, which is up by almost $25,000 this year
• Our average days on market is sitting at 107, which is similar to last year
• 1,356 homes sold in April
• Interest rates are sitting at 3.65%, so it is a very, very good time to buy a home

Overall, we're in a seller's market with low inventory, so it's a great time to sell your home for top dollar. However, it's also a good time to buy a home because interest rates are incredibly low and this is going to significantly increase your buying power.

If there is anything else I can do to help you, please don't hesitate to contact me!

Dream J.P. Pirtle Realtors Are Hiring Immediately! - Must have a real estate license.

There are many great Louisville area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (502) 458-2722 for a FREE home buying or selling consultation to answer any of your real estate questions.

The Dream J.P. Pirtle Team is looking for a motivated, hard-working agents to join our team. Here are some reasons our team may be a good fit for you.

1. Guaranteed 3 Month Income: We realize that the first 3 months can be very hard for most agents. So, for the right people we offer a 3 month guaranteed income program. 
2. Marketing: We spend tens of thousands of dollars a year promoting our company and our listings. We recognize how important it is to get our agents name recognition, so we spend a lot of money trying to do just that.
3. Guaranteed leads: Last month alone we generated over 800 leads between buyers and sellers. This year we're projected to sell over 320 homes - because of our success, we need some help in providing top-notch service to our clients.
4. Training: We have a fantastic national trainer who is very hands on. He's still in the business, as he owns his own company and continues to work with buyers and sellers.
5. Full-time administrative help: Our team includes a lead, a closing, and a listing manager to help guide you through whatever process you may need help with. We don't charge royal fees, desk fees, or monthly fees, so you can enjoy the help without having to pay for it.
6. We pay for your personal marketing: Your personal marketing is part of the package when you join our team. 
7. You can work with buyers and sellers alike: Most teams only allow you to work with buyers when starting out. We allow our agents to work with sellers because we recognize you need experience with both to be successful.
8. Great commissions: We feel our commission splits are among the highest in the industry.
9. You still have a life: The purpose of life is to enjoy it - not work all the time. We don't have set hours or a set schedule. We allow you to work from home as well as here in the office. Our lead management system is one of the best out there, which means you can work leads from anywhere an internet connection is available.

If you or anyone you know is trying to enter the world of real estate, give us a call. We are looking to hire two hard-working, motivated, and personable agents to help us continue our success. We look forward to hearing from you soon!

Your Support Is What Keeps Us Going!

There are many great Louisville area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (502) 458-2722 for a FREE home buying or selling consultation to answer any of your real estate questions.

We wanted to take the time today to give a heartfelt thanks to all the wonderful people who have worked with us in the past or are working with us now. In the real estate industry there's no such thing as wages or salaries - we have to sell to survive. Without your business and loyalty, we would not be able to make it; you support us and our families by trusting us with your real estate needs. For that, we are truly thankful.

We thought we'd use this time to tell you how much it all means to us. Referrals are the lifeblood of our business, so if you know anyone looking to buy or sell, please keep us in mind.

Thanks for the continued support, and we look forward to seeing you soon!

Louisville's real estate market in 2014 is ready for action! All you need to do is jump IN!

Every time we transition from one year to the next everyone winds up discussing statistics, numbers, sales and the like. We love evaluating the past to predict the future, but at the end of the day, those are all the things that we have no control over. Today, I want to talk about what we do have control over: the coming months and year ahead in your life. The year 2014 promises lots of good things and with the phenomenal interest rates, motivated sellers, excited buyers and excited marketplace – it’s a FANTASTIC time to get out there and get involved in real estate! So I'd like to ask you three questions:

What is Happening in 2014?
We’re looking at interest rates that are hovering in the low to mid-4 percent range, which is CRAZY if you think about it! Not too long ago rates were as high as credit cards! Inventory levels are low enough where sellers are walking away satisfied yet buyers are motivated to act quickly and swiftly rather than dragging their feet too long and create a lagging marketplace.

What is Going to Happen in 2014?
This is something that everyone wants to know and no one can answer it! Sure we had a great year – and for many in the real estate industry, it was our best year ever! But that doesn’t matter to you. What matters to you the most is what you want to accomplish this year. Do you want to move up into your forever home? Is this the year when you realize your dream of living energy conscious and buying a GREEN home? Is downsizing something you’ve been wanting to do and it’s finally the time to do it? Regardless of your lifestyle and desires – now is a fantastic time to go for it because you have the power to control all that is around you and - right now - the market is practically handing it to you.

Is Real Estate Investment Your Next Step?
With market conditions like these, investing in real estate is the next ideal step for those who have the money to do so. Whether you are a first-time investor or a seasoned veteran, with interest rates like these it makes senses to create a portfolio of one, two or multiple properties with lasting returns on your investment.

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No one knows what is in store in 2014. It's important to concentrate on what you can make happen during this year. Remember, only you have the power to make it a great year in real estate for youself! And we are your partners in making it happen! Call or email us today.
502.458.2722 or jp@jpsold.com

Happy Holidays!

Can you believe 2014 is just days away? As the new year approaches, I couldn't help but reflect on the past year. Our team had the best year in the history of the company and we couldn't have done it without you. From the bottom of my heart I wanted to thank you for your support and your referrals. Have a happy and safe Christmas and New Years!

10 Reasons Why Now is a Great Time to Sell Your Home

 
Traditional school of thought dictates that selling a home during the holidays is a bad idea. People are busy celebrating with their families and will hardly go shopping for a home, right? Not so!  There are numerous advantages to listing a home during this season and below are ten great reasons to put a home on the market now. 

More serious buyers – Less time wasted

These are people who are interested in buying so there is a far greater chance of actually selling the property.  Nothing is more promising to a seller than a motivated and qualified buyer that knows what they want and is actively seeking to get it.

Fewer Homes On the Market

The less competition there is, the higher the chance there is for homes on the market to sell. Where during the peak season sellers might be dealing with some interest from buyers on their home, nonetheless there is more selection for buyers to choose from and they can stray to another property.

In January Inventory Increases – Chances of Selling Decreases

With so many homeowners assuming the holidays is a taboo time to sell there is a plethora of new listings in January, resulting in a diminished chance of your home selling.  Also, there is a risk that the price you may receive on the home can be less.

Decked Halls Look Great!

Homes are very appealing to prospective buyers when they are decorated for the holidays.  With all the festive décor, lights, greenery and added beauty of the season – the home shows very well and attracts buyers faster than if shown during other times of the year.

More Time To Browse Homes

Buyers have extra time off from work and are on vacation, which translates to a more aggressive buying pattern and more chances of your home being viewed.

More Emotional Buyers

Because of the high stress of the holidays, buyers tend to be more emotional during this time than in the summer months. A more emotional buyer will tend to pay more for a new property, so selling your home during the holidays could make you more money. 

Show The Home With Flexibility

Sellers that have their home listed prior to the holidays have the added advantage to be able to “pause” the process so they can celebrate the holidays, essentially not showing the home during a period of time during the break.  When the festivities die down, things can pick up again and the seller has not only managed to save potentially lost time but can also jump right back into the market.

Transferred Employees

January is typically the month where employees are transferred into new position. In order to capture this demographic of buyers, your home must be on the market since these buyers cannot wait until the spring to buy. 

Sell Now For More Money Then Delay Closing

Extended occupancy can be negotiated, leaving both parties the leniency to get through the holiday season and past the New Year so that all sides can rest assured the deal is done but it can follow through at a more convenient time.  For sellers this option is great because they are able to secure a higher selling price on the property before the market is inundated with new listings come January when the selling values drop.

Fewer Foreclosures On the Market

Many banks will suspend foreclosure listing during this time of year, especially on properties where there are still families occupying the home.  As a result of this, some of the competition that arises for sellers from low-priced foreclosures can be avoided during the holidays.

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Keep in mind that the idea of your home’s value increasing significantly over the next several months is a myth.  The truth is that housing values likely only go up when consumer income rises.  Pay rates increase at a rate of three to five percent each year and that is 
about the maximum yearly increase we can expect to see in a home as well.  So if you are wondering whether or not to put your home on the selling market now, or to wait – one important factor is that waiting will not provide much benefit.

Effectively Prepping Your Home

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You want to sell your home quickly. The fastest way to do so is to start depersonalizing your home to create a blank canvas. You don't want to distract the buyer with your personal belongings, so pack up the photos, and let the buyer imagine their own photos on your walls and knick-knacks on your shelves all the while saying, "I can see myself living in this home!" Less is more.

To help create the blank canvas, paint is inexpensive and it will increase the value of your home, but you need to choose a neutral palette. The goal is to appeal to the masses because when you do, you get more showings, which leads to more offers and then, ultimately, the highest price possible for your property.