Whenever our team works with a seller, we always give them two options: They can either put their property on the market, or we can purchase it from them outright for cash. We recently worked with a seller who chose the latter, and they couldn’t have been happier with the results. In fact, we were able to offer more money than they were probably expecting. We can offer you this same convenient experience, too. Or, of course, we can always help you list on the open market, as well. If you’d like to learn more or if you have any other questions, feel free to give us a call or send us an email. We look forward to hearing from you soon.
We’re coming to you today from a great home here on Duker Street. This property has an awesome story behind it that we’d like to share with you today.
The owner of the property was a really nice lady who once gave us a call because she needed help: She didn’t know if she wanted to list the house on the market or sell it outright. Of course, the Dream J.P. Pirtle Realtors team always offers our sellers both options.
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Right now is a great time to sell your home.
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In the end, she didn’t want to list the home, so we ended up buying it from her. We were actually able to give her a lot more for it than she had even asked for in the first place, which made her very happy. This Duker Street home is in a great area right across from a school, and (even in the video above) you can even hear how happy the children here are. We may decide to rent it out, but that decision isn’t final. If you’d like to learn more about it, feel free to contact us!
The moral of this story is that right now is a great time to sell your home—our spring inventory is very low, which means your home is in high demand, and interest rates are still historically low as well, meaning you’ll probably get more money for your home this year than you would have in any of the previous 10 years. The market is hot.
If you need advice about selling your home or would like us to do a no-obligation, free comparative market analysis to help you find out what your home would be worth, reach out to us. We can either help you list your home on the market or make you an offer for it ourselves. I hope to hear from you soon!
To sell your home for the highest possible price and in no time, your selling strategy should be comprised of these seven tips:
1. Clean the home top to bottom. Your home should sparkle to the point that eating off the floor doesn’t seem like a bit of a stretch. Buyers will take notice of a home that is spic and span, is freshly painted, and has carpet that looks good as new. "This is sure to earn you a great ROI."
2. Get rid of clutter and personal items. The more clutter that’s strewn about your home, the worse your chances of selling for top dollar are. Removing personal items and clutter will give buyers an unobstructed view of what the future could look like for them and their family in the home. It’ll be hard for them to do that if your family photographs are hanging on the walls.
3. Remove large furniture. Big, bulky furniture shrinks your home—at least that’s the way it’ll be perceived. To showcase as much of your home’s square footage as possible, think about relocating bigger items to storage in the meantime. Additionally, the furniture that you leave in the home should look new and fresh, so think about removing dated or ratty-looking furniture as well.
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Buyers will take notice of a home that’s spic and span, is freshly painted, and has carpet that looks good as new, and this is sure to earn you a great ROI.
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4. Hire a professional real estate team. And yes, I mean “team.” Did you know the average agent in our area sells five homes or less each year? For our part, my team sells 400-plus homes year in and year out. Simply put, it’ll be of great benefit to you to work with a team that has a proven, repeatable system to sell homes. If you needed surgery on your back, would you hire a surgeon that does upward of 20 procedures of this kind per month, or the surgeon that does less than five a month? The answer seems obvious because it is. 5. Find a team that can create demand and has a great marketing plan. We spend $300,000 marketing our clients’ homes on a yearly basis, and with us, your home will appear on a TV advertisement two to three times every weekend until it’s sold! Through our digital marketing plan, you can count on us for professional photography and to maximize your home’s exposure on various social media platforms. 6. Find a team that has a trade program. Many move-up buyers have a home they need to sell, and if one of these buyers makes a winning offer on your home, we can buy their property for cash. 7. Price your home to sell. Your agent’s responsibility isn’t to tell you what you want to hear with regard to your home’s value, it’s to be forthright about what price you should set it at so that you’ll earn top dollar on your home sale. If you plan to buy or sell a home soon or for any advice related to real estate, feel free to give us a call at 502-458-2722. We’d be happy to come out and give you a free market analysis, and we look forward to speaking with you!
If you need to buy and sell a home at the same time, that’s a tricky prospect in our current market.
Several years ago, we agents could coordinate these two transactions much more easily. Now, things have changed. Two or three years ago, inventory in our market started to shrink. Before that time, we had as much as 15,000 available homes on the market. Now, we have a little over 3,000.
In other words, we’re still in a strong seller’s market, which means you need an aggressive, strategic marketing program to get your current home sold quickly. If you work with our team, that shouldn’t be a problem.
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Once a home goes live in this market, it’s a challenge to get to it before anyone else.
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The real question, though, is what you’re going to do with your next home. Are you upsizing or downsizing? In either case, you need the services of an experienced team with the tools that can help you locate the right home, make an offer on it, and get it under contract before any other buyers know about it. Once a home goes live in this market, it’s a challenge to get to it before anyone else.
As far as experience goes, the agent you work with should be a full-time Realtor and be a part of a team that sells roughly 500 homes a year. If you give us a call, we’d be happy to give you a market evaluation and tell you how we can get you to the closing table on both sides of the transaction with the least amount of hassle.
If you have any other questions about our market, feel free to reach out to us as well. We’d love to help you.
Today we will be examining what happened in the Louisville real estate market in February of 2016. Overall, the market was great: sales were up, and inventory was low.
We have a total of 4,400 homes available, which is a big decrease from last year. This is creating a seller’s market, and our absorption rate of 3.23 months is proving this to be true.
The average sales price in February was $172,000 and this was about the same as it was in 2015, but it’s early in the year. The average days on market decreased by nearly two weeks, and it now sits at 93 days. Some of this is due to the major lack of inventory.
Interest rates are still extremely low, and around here they are at 3.74%. This is causing a lot of home buyers to purchase because they know that their affordability is so high right now.
This is also good news for home sellers, because this will bring buyers right to your doorstep. I truly believe that 2016 will be one of the best years on record to sell your home.
Finally, a quote to finish off with: “Mistakes are painful when they happen, but years later a collection of mistakes is what is called experience.” Denis Waitley. Give me a call or send me an email with any questions you might have! I look forward to serving your local real estate needs.
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 Reportso 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.
When deciding you want to move out of your current home, the question often comes to mind: "Should I sell it or rent it out?" In our opinion, it's often better to sell the property. Here's 2 reasons why:
Look at the numbers: You need to make sure your principal payment is no more that 60%. If you think you can rent your home for $1000 a month, your principle payment should be around $500, $600 maximum. You need to account for expenses such as taxes, insurance, maintenance, repairs, vacancy, marketing, and managing.
Money in the bank: Prepare to get your home back in much worse condition than when you started renting it out. We've seen homes that need as much as $15,000 worth of repairs. Even if the repairs aren't that expensive, you're unlikely to get as much as you would have if you sold it years ago.
All in all, it's better to sell your home than to rent it. Tenants are unpredictable and can often cause more problems than it's worth. However, if you have the right financial situation and a temperament for renting houses, there is no reason you shouldn't. Renting isn't for everyone, but if you are up to the challenge you should do it. If you want any further advice on the issue, we'd be happy to talk. Give us a call or shoot us an email for some tips on your particular situation.
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.
How Sellers Should Handle Multiple Offer Situations
Multiple offer situations have not been very common in the last few years in Louisville because we found ourselves in a large buyer's market. However, as we move towards a seller's market I would like to give some advice on how to handle multiple offer situations when you're selling a home.
Getting multiple offers on your property is a great thing to have, but you will always need to look over those offers with a professional real estate agent. A professional agent will help you to determine the strength of the offer which will include: financing, down payment, cash offers vs financed offers, and much more.
I would also recommend not accepting any offers on your home if they do not have an approval letter from the lender that state that they accept the terms of the contract and will be able to finance the purchase of the home.
You should also be wary of the timing of your home inspections. I would set aside 7-14 days for home inspections to occur, but I would not want to wait any longer than that.
What I want all of my sellers to know is that you do not have to respond to any offers whatsoever. If you see an offer that you really don't like, then you are allowed to simply ignore it. You do not have to respond to every offer that you receive.
There are a lot of different considerations that can be made when handling multiple offers as a seller in Louisville. If you are confused about the information above or would like to know how I go about handling multiple offers, then please do not hesitate to contact me or my team.
With the spring real estate market approaching here in Louisville, it's time to consider what you need to start doing in order for you to sell your home. I have a few things listed here to aid in the process, but keep in mind that time is running short as we head into a buzzing market.
View Your Property as a Product, Not a Home: People often get emotional when selling a home, and that's okay, but you cannot let it interfere with the sale of your property. Before you list or show your home, be sure to remove any and all personal items.
This can include removing heirlooms, photographs, or collections of any kind.
You do not want potential buyers to see your personality when they view the home. Aim for neutrality, because then these potential buyers will find it much easier to imagine themselves occupying your home.
Clean, Clean, Clean: This is pretty straightforward. Your home needs to be absolutely spotless when you sell it.
Clean in places that you've never even thought to clean. Like window sills, corners, air vents, or chimneys. A clean home sells for much more money than one that needs a little dusting.
Clear Away Clutter: This is the next logical step after cleaning, but one that people sometimes just don't want to follow through with. It can be a pain to put your furnishings and appliances in a storage unit, but if you're already planning on moving out, then just go ahead and get all that stuff cleared out.
Organize: Sometimes it's not what people see, but how they see it. Make sure your home is neat and tidy. You may not have moved absolutely everything out of your property, so in that case it needs to be orderly.
Neutralize: Get rid of odors, especially ones from pets. This also applies to colors and paint. Strive for earth tones like beige or khaki. These are inviting and don't give off too much personality.
New Paint & New Flooring: The first 15 seconds is when a buyer decides whether or not they will even be thinking about purchasing your home. Having new floors and fresh paint will catch the buyer's eye and make them want to see more of your home.
Interior improvements such as these yield great returns on your initial investments. You can nearly double your investment by spending a few thousand dollars to improve the look and feel of your home.
Curb Appeal: Spring is approaching here in Louisville, so focus on what your yard looks like. The exterior of your property is what initially draws buyers inside, so pay close attention to landscaping.
Again, aim for neutrality but make your home look tidy and orderly. Make sure your sprinkler system works and at nighttime be sure to turn on all your exterior lights for buyers that might be driving by to look around the neighborhood.
These are my tips for you, and if you would like us to come out to your home for a free, no-obligation market analysis, then please do not hesitate to give me a call. Also, if you need help buying or selling real estate in the Louisville area, drop me a line at (502) 458-2722 or shoot me an email at jp@jpsold.com
