Patrice Miles’s Blog

Fed cuts rates 4.5%

I don’t think so and neither does the Louisville Board of Realtors. Not only have we taken more listings but we have also sold more homes than last year. Email me if you would like a copy of the price analysis for the Louisville Metro Region. The statistics are quite optimistic.

As most of you may know, the Ryder Cup will be in Louisville September 16-21st 2008. There will be a lot of celebrities, professional golfers and golf fans that will need accommodations. Have you considered renting your house out. Check out my husbands latest website www.rentthishouse42008rydercup.com

If you are a Buyer, now is the time to buy. See the top 10 reasons!!

http://www.louisvillerealtors.com/aboutrealtors.shtml?article=NzkzOXN1cGVyNzkzNnNlY3JldDc5NDM%3D

As the market get softer and more and more houses are left unsold, the importance of pricing your home to sell is at its greatest. Every Seller wants to get the most out of there home. In today’s market your motivation to sell must be greater than the dollar amount you want to get out of you home. The competition is great and there are not as many Buyer’s looking right now. When a Buyer looks at 15 homes in your area they are going to pick the one that has the most to offer for the best price. What does this mean for you the Seller? Your home has to be priced below the competition and have more to offer a Buyer. This is the only way to guarantee  that the Buyer will select your home to write a contract on. If you have the time to wait it out, great! But remember that the 08 market is quickly upon us and there will only be more homes listed which means more competition. 

Homeowners insurance is something we all carry on our homes. Did you know that if you basement leaks your standard homeowners policy will not cover the damage. Make sure to check with your agent on what is covered and what isn’t. Some policies will not cover damage if the water source came from the sump pump not working, or if there is sewer back up, or even if there is a crack in the foundation. If they do cover you there are limitations on what that coverage provides. For instance it may cover the clean up but not any repairs or replacement. Make sure you understand what your policy covers so you are not left in a bind as many people were after the 2 weeks of rain we recently had. They say 50% of all basements leak. Your insurance provider can advise you on the additional cost to add coverages like sump pump back up to your policy so you are covered.

Good news rates cut again. This should effect the lending interest rates. See article .

http://www.federalreserve.gov/newsevents/press/monetary/20071031a.htm

The market has cooled considerably since it started to pick up in early February. One thing is certain - if you’re selling a home, you need every edge you can get. Back in the seller’s market of 2004-2005, you could literally put your home up without much thought to how it looked and still expect a sale. In our current market, buyers are looking at alot more homes than before. With such a large selection of homes to choose from, buyers really are seeking “the complete package” - a home that’s move-in ready and also a great deal to boot. Your home has to WOW them the moment they walk in the door. A home that is professionally staged will showcase its best features. All of my Sellers recieve a FREE consultation from a professional decorator. She will consult you on what items need to stay and what needs to go. My listings must have the competitive edge in this market so they will sell, sell, sell.

As a member of Lowes Benefits for Realtors I recieve periodic emails from them. I have attached the latest information on some cool tips on selling your home. Let me know if you would like to recieve a free copy of Creative Ideas from Lowes

lowes.pdf

Welcome to Patrice Miles’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Louisville.