Inexpensive Ways to Stage Your Home Like a Pro
Whether the home you are selling in Louisville, KY is worth $100,000 or $1,000,000, if the property does not make a good first impression it will probably sit on the market for months while hordes of would-be buyers parade through. That is why home staging is such a big deal - and such a big business among real estate professionals.
If you are getting ready to put your home on the market, you could call a professional home stager to boost its value and help you sell it more quickly. But what if you do not have the money to hire a professional?
The good news is there are plenty of inexpensive DIY ways to stage your home like a pro....
CAN I GET A MORTGAGE AFTER BANKRUPTCY?
Looking to buy a house in Louisville, KY, but worried about finding a mortgage because of a bankruptcy? Bankruptcy is more common now and banks will consider making loans within two or three years after the bankruptcy is discharged - as long as your credit history has been pristine since the bankruptcy.
Expect to be charged higher interest rates or be required to come up with a bigger down payment, though. Even if you have excellent credit history, a larger down payment usually means the best interest rates, and if you have a bankruptcy on your credit report it becomes especially important to put down as much money as possible.
Your past credit report is an important factor, but keep in mind there are several other financial indicators that are also considered.
Your employment history and income. If you've had steady employment for a long period (more than...
The Greater Louisville Association of Realtors® (GLAR) reported that in March 2016 sales were up 14% with 1,346 homes and condos sold versus 1,180 last March. "The sellers' market is continuing in Louisville with inventory down in some areas over 20% compared to last year. This has also led to some fluctuations in the month to month statistics, , but in general our members are seeing steady single digit appreciation gains versus last year" said Greg Taylor GLAR President.
Home sales are up this year 15.1% from January - March compared to the same time in 2015. Median prices for Louisville during the same time are up 4.3% and the average price is up 1.1%.
There are just not as many houses on the market for the demand in Louisville. In some cases, homes are selling in a matter of hours. In Jefferson County, there are 24.7% less inventory of homes an condos for sale this March than in March of 2015.
We expect this trend to continue the...
CAN I GET A MORTGAGE WITH BAD CREDIT?
If you have bad credit and want to obtain a mortgage to buy a new home, you may feel as though it's impossible since lenders tightened their eligibility rules. There are plenty of so-called “options” available on the Internet for bad credit loans, but you must be very careful to watch out for scams.
Mortgage laws have changed in recent years but, the following general guidelines apply:
• Your credit report must have fewer than two 30-day-late payments in the past two years.
• Bankruptcies must be at least two years ago, with excellent credit history since then.
• Foreclosures must be at least three years ago, with excellent credit history since then.
If you have a few minor negative marks on your credit, you might be better off simply waiting a few months for those to clear (while continuing to make all your payments on time, of course). Alternatively, you may ask...
HOW LONG DOES IT TAKE TO GET A MORTGAGE?
As you begin shopping for a new home, one question will weigh heavily on your mind: “How long will it take to get a mortgage?” For an extremely tiny minority of home buyers, it will take a few days to apply for a mortgage, get approved, and finalize the contract on a new home.
For the vast majority of home buyers getting a mortgage may take four to six weeks or even longer, if there are negative marks on your credit report or small debts you'd like to pay off before applying for a home loan. It can be very hard to be patient with the process.
Applying for a mortgage may seem mysterious (and even dangerous!), but the process is usually straightforward. Here's what generally happens, in the simplest terms possible.
First Step: Apply for a New Home Loan
First, you'll talk to a mortgage loan...
THINGS NOT TO DO DURING THE LOAN PROCESS
1. Don’t Do Anything That Will Cause A Red Flag To Be Raised By The Scoring System. This may include adding new accounts, co-signing on a loan, changing your name or address with the bureaus. Generally, the less new activity on your reports during the loan process, the better.
2. Don’t Apply For New Credit Of Any Kind. Including those “You have been pre-approved “credit card invitations that you receive in the mail or online. Every time that you have your credit pulled by a potential creditor you could lose points from your credit score. Depending on the elements in your current credit report, you could lose anywhere from one to twenty points for one hard inquiry. For lender inquiries as of Jan. 2007, any indicial inquiries count as one incident through a duration...
SEVEN STEPS FOR FIRST-TIME HOME BUYERS
Home buying is exciting and the joy one feels walking into their first home is incomparable. First time homebuyers need to follow certain steps to get on the pathway to homeownership. Following these steps will make your dream of becoming a homeowner in Louisville, Kentucky (or surrounding area) a smooth process.
1 Get Pre-Approved? The first step is to talk to a lender. If you are serious about buying a house, get pre-approved instead of just pre-qualified, that will show buyers that you are serious. Your lender should be able to tell you what you need to do, give you advice on your credit score, and explain all the details. If you do not understand,...
If you're thinking of selling your home or refinancing your mortgage, you'll first need to value your property as accurately as possible. Inexperienced sellers might be tempted to head straight for the nearest and most convenient estate agent, and while they might have a vested interest in selling your property for as much as possible, it is still important to do some research for yourself.
An accurate valuation will help you to find a more realistic asking price while also making your home easier to sell. Every home should be valued on an individual basis, and there are far more considerations to take into account than the size alone. Additionally, you may want to increase the value of your property by carrying out some repairs and giving it a facelift.
Size is the obvious first consideration when valuing your home, particularly in the case of apartments where values are largely determined by floor space. However, a professional...
Many people love the holidays because of the great deals that they can find while shopping, especially on Black Friday and Cyber Monday. These deals usually pertain to hot ticket items such as TVs, appliances, movies, etc. Does real estate cross your mind when you think of deals during the holidays? Probably not...but that's because there are deals on homes for sale in Louisville KY nearly every day of the year!
Louisville homes experience price reductions all the time, which is a great opportunity for you to find the perfect home at a great value. Below are 10 of the most recently price reduced homes in the Louisville area...give my team a call at (502) 509-6812 when you would like to schedule a private showing!
1. 9106 Terry Rd, Louisville, KY 40258 - $109,900
Many homeowners look for ways to improve the appearance and value of their properties. While small investments can bring increased value, conversely large investments may not bring the return you expect. Several factors weigh in on these decisions; if you plan to continue to live in the home, investments should be practical and improve upon daily living. If you plan to sell your home, only go as far as needed to gain a sizable return. It’s smart to focus on the details that buyers focus on; and you don’t want the highest priced home in the neighborhood. If the other homes are set in a certain price bracket, no number of improvements can transcend it by very much. Here are some basic tips to follow when planning home renovations or improvements, and how to get the most for your...