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Louisville picked as a top 10 City for Real Estate Recovery!

Tuesday, August 11, 2009
by Bob Sokoler

Great news for Louisville Home owners and anyone looking to buy Louisville Real Estate. A new report published today by U.S. News and World report picks Louisville Kentucky as one of the “10 Cities primed for a Real Estate Recovery”!  The article sites the fact Louisville’s real estate market never saw double digit appreciation so there was less room for Louisville Home prices to fall. On a negative note the article points to the recent Ford Motor plant layoffs and cutback in manufacturing. But also points to the recent UPS expansion and attendance at job fairs has been on the decline. Louisville was included in the “10 Cities primed for a Real Estate Recovery “article along side cities like Birmingham Alabama,  Philadelphia Pennsylvania and  Portland Oregon. Our Medley Sokoler team has been very busy the past couple of days with 5 contracts accepted in 4 days. As of this writing, the $8000 first time home buyers tax credit will end at the end of November, so first time buyers should be looking for a home now. To contact the Medley Sokoler Team call (502) 376-5483 or head to www.weselllouisville.com or www.louisvillehomestoday.com.

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Are you K-Mart pricing your home?

Friday, February 13, 2009
by Bob Sokoler

It’s now estimated that 87% of people searching for Louisville homes are starting online. Search any website like www.weselllouisville.com or www.louisvillehomestoday.com look at the homes on the MLS and you’re bound to see homes priced at 199,999 or 249,999. We call that K-mart pricing. That’s because when you walk through a K-Mart you’ll always see price signs with 9.99 or 12.99 in the aisles. We’re sure management at these stores think their pulling a fast one on us. Gosh we would never suspect something priced at 9.99 is actually 1 penny under the terrible TEN dollar mark!

That may work for K-MART but it doesn’t work for your home and here’s why. Do a search on those real estate web sites and you’ll immediately find the searches are set up in increments of 5,000 10,000 or even 25, 000 dollars. So let’s say for example you're a buyer and set up a search from 100,000 – 125,000. If you price your home at 124,999 you’ll be found in the search. But what if a buyers is looking in the 125,000 – 150,000 price range. In that search you won’t be found. Now get rid of the K-MART pricing and price your home at 125,000 and look what happens. Your home is found in both searches doubling the chances of being found.

Remember, this works no matter what the price range and can instantly increase your chances of being found in a home buyers search.

Want more help in selling your home or buying a home. Contact The Medley Sokoler Team.

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Contact Information

Photo of The Sokoler Team Real Estate
The Sokoler Team
RE/MAX Properties East
10525 Timberwood Circle Suite 100
Louisville KY 40223
502-376-5483
502 992-4137
Fax: 502-719-8152
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