Hey everybody, what I want to talk about today is dealing with multiple offers. We are seeing multiple offers at a tremendous rate in Louisville right now. Our market is hot, our inventory is low, and it's almost like they are printing money with such low interest rates out there.
One thing you need to understand about the Louisville market is that competition for good homes is fierce right now. In this economy, you may get asking price or even higher, and you're likely to receive multiple offers.
When it comes to receiving multiple offers, the biggest and best offer is not always the biggest and best, and cash is not always king. These offers need to be broken down into the particulars, like time, financing, and if cash really is cash, and not equity or a $401k.
You need an expert to help navigate through all of the difficulties that arise when it comes to accepting the right offer. If you have any questions, we would love to answer them. Give us a call or send us an email, we'll talk to you soon!
I’ll help you buy or sell your home in Louisville, KY. If you’re
looking to buy a home, I’ll help you pick the right home. If you’re
thinking about selling, call me and I’ll tell you what price your home
is most likely to sell for. Click here to search all available homes on my website.
Today we are going to talk about seller's disclosures, and what they mean to you as a buyer and a seller.
Seller's disclosures typically consist of 4 pages. The first 3 pages go over everything the seller knows about the property, good or bad, including any history of repairs or improvements. The 4th page (for homes built before 1978) is a lead-based paint disclosure, that you will have to sign whether there is lead-based paint in the home or not.
Now, let's talk about this from two different perspectives. As a seller, it's better to disclose any type of discrepancy in the disclosure, instead of trying to hide it. It will come back to haunt you if you do. Even if something has been fixed and addressed, you still need to disclose that at one time there was something wrong with the home. Things like leaks, mechanical issues, roof, windows, electrical, and pets all need to be disclosed. If you have a question about something, it's better to err on the side of caution to help you out in the long run.
As far as buyers are concerned, you can't always tell if something is wrong with the property simply by looking at it, so you are going to want to look at the disclosure and understand what exactly it's saying. You want to try and figure out how old the appliances are, and if there is anything to concern yourself with. Not to say you won't find something else during the home inspection, but a seller's disclosure gives you a better idea of what kind of work you are dealing with on your new home.
If you have any questions at all regarding disclosures or anything else real estate related, be sure to give us a call or send us an email. We look forward to hearing from you!
I’ll help you buy or sell your home in Louisville, KY. If you’re looking to buy a home, I’ll help you pick the right home. If you’re thinking about selling, call me and I’ll tell you what price your home is most likely to sell for. Click here to search all available homes on my website.
As we inch our way towards the spring selling season, I'd like to give you all some advice on how to spruce up your Louisville home for a good sale.
Become a real seller: What I mean by this is that you must forget about all the emotions involved in selling your home. Emotions have ruined sales before, and distancing yourself from your home when selling it is important. Besides, when you decide to sell, it's not really your home anymore.
Find a good agent: This is important for exposure, and also for getting top dollar on your home. You know who to reach if you need an agent!
Pricing it perfectly: This may be the most important part of the entire selling process. It is a major marketing tool and if it's incorrect, it could ruin the entire sale.
Depersonalize: Remove collections, pictures, or other memorabilia that will distract potential buyers. Buyers need to see your home, not your lifestyle. To add to this, your home should always be in show-able condition when you're listing. People come and look at homes at a million different times of day and night, so you must always be prepared for a potential visitor that wants to buy your home.
Don't get overzealous with repairs: Be careful with the renovations that you make because not all of them are going to net a high return. Bathroom and kitchen remodels can get pricey, so try repainting and removing curtains to lighten and brighten up your home.
Empty your closets: You want your closets to look nice and roomy, and they can't appear that way if all of your stuff is inside of it.
Brighten up your home: Buyers need to see your home, and they also love well-lit homes with lots of natural light. Remove curtains and blinds to let more light in. I have always found that it makes potential buyers more comfortable to be inside of a sunny, well-lit home.
Hopefully these tips will help you with your home sale, and if you need any extra help be sure to contact me.
Consider me your #1 resource for real estate in Louisville! I'm always here to help you!
