Greater Louisville Real Estate Blog

The Lifespan of 20 Essential Household Items

The Lifespan of 20 Essential Household Items

Has your air conditioner ever failed on a hot summer day? It’s a struggle no homeowner wants to deal with. When you own a home it’s important to budget annually for repairs that might be needed and anticipate when things might need to be replaced.

If you take care of your home, your appliances and fixtures should last longer. This means keeping them clean, performing regular maintenance and preventing unnecessary wear.
Even the most well-kept homes will need repairs at some point and it helps to know how long you should expect your items to last. We’ve put together a list of how long certain household fixtures and appliances should hold up.

Check out each of the rooms below, or ...

Why Do Real Estate Agents Ask If You’re Pre-approved?

Why Do Real Estate Agents Ask If You’re Pre-approved?

Have you ever walked into an open house, or called a real estate agent about a listing, and within minutes, they’re asking you if you are “pre-approved” for a mortgage?

If you haven’t, then you have never walked into an open house or called an agent. Or at least enough of them…

Just wait. It’ll happen.

And you’re going to feel like it’s pretty pushy for them to ask that.

It’s like a joke.

It makes you feel like telling real estate agents this knock-knock joke…

You: Knock-knock.

Real estate agent: Who’s there?

...

Millennials Will Continue To Drive Homeownership Growth In 2019

Millennials Will Continue To Drive Homeownership Growth In 2019

The millennial generation (which is defined as people between the ages of 19 and 35) is the largest in US history, and currently they’re also the largest in driving homeownership growth.

According to a recent report from financial services company First American, the millennial generation had a huge impact on the housing market in 2018. While millennials still have lower homeownership rates than Baby Boomers or Gen Xers, millennial homeownership rose 1.2 percentage points year over year in Q3 2018—which made households under the age of 35 a larger contributor to homeownership growth than any other generation. And as more millennials approach their thirties and start marrying and starting families, that trend will only grow (according to the report, aging...

Rents Rise Year-Over-Year In Nearly 75% Of Cities In The US

Rents Rise Year-Over-Year In Nearly 75% Of Cities In The US

Rising rents have been a problem in the US for quite some time. According to a recent Market Outlook Report from Realtor.com, in 2017 rents rose in a whopping 78% of markets across the US. And according to recent data, that trend continued in 2018.

According to a recent article from Apartment List, 72 of the 100 largest cities in the US have seen rents increase over the last 12 months, with summer showing significant hikes around the country (rental prices increased month-over-month in 85 cities in June, 62 cities in July, and 54 cities in August).

...

6 Reasons You Should Avoid Buying A For Sale By Owner (FSBO) Home

6 Reasons You Should Avoid Buying A For Sale By Owner (FSBO) Home

When you’re looking to buy a home, you may wonder, “Does it matter if the property is listed with a real estate agent or the owners who are trying to sell it themselves?” Um, yes. It matters. A lot. The truth is: When it comes to signing contracts, handing over escrow money, and digging into the home’s history, going it alone can end up costing homebuyers a bundle.

The following are 6 reasons to avoid a For Sale By Owner (FSBO) home.

1. Are you sure it’s legit?

Unfortunately, scams abound and the real estate industry isn’t immune. If you don’t have an agent looking out for your best interests, it’s easy to be duped. For example, would you know what a proper sales contract looks like if real estate is...

87% Of Buyers Purchased Real Estate Through An Agent Or Broker In 2018

87% Of Buyers Purchased Real Estate Through An Agent Or Broker In 2018

Between the historic inventory shortage, intense competition, and rapidly rising prices, navigating the real estate market in 2018 was a real challenge for buyers—and that’s why the vast majority of them partnered with real estate professionals for their home search.

According to the 2018 Profile of Home Buyers and Sellers from the National Association of Realtors, 87% percent of buyers purchased their home through a real estate agent or broker. The main reason? Buyers wanted an agent to help them find the right home for them and their families (52%). An overwhelming percentage of those buyers were satisfied with their...