Real Estate Information Archive

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.

No.. not off a building or a bridge! 4.5% interest rates may be around the corner. What does this mean to you? If you’re planning to buy a home; start looking! Planning to sell a home; get ready to list it! If you have a mortgage rate of 5.5% or more and you plan to stay in your home for several more years you need to be ready to re-finance. 

CNN is reporting that Lobbyists are pushing the Treasury Department to buy down interest rates.  Cnn’s says “Similar to an effort unveiled last week by the Federal Reserve, the proposal calls for Treasury to buy securities backed by 30-year fixed-rate mortgages from Fannie Mae and Freddie Mac.” That proposal caused an immediate drop in rates of at least ½ point.

We’re already getting calls from perspective home buyers with questions, so here are some answers and food for thought.

Here are some quick numbers; a $200,000 mortgage at 6.5% makes your monthly mortgage (minus homeowners insurance) approximately $1,514.14 a month. If your mortgage was at the current rate of 5.75% your payment would be approximately $1,417.15 monthly. But a $200,000 mortgage at 4.5% drops your payment to $1,263.37 a month. That’s a $250 a month savings!

As of right now CNN says “Spokeswomen from Treasury and the Federal Housing Finance Agency, which oversees Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), declined to comment.”

But this may be more than just running an idea up a flag pole and looking to see home many people salute. It’s a great idea and if current homeowners can save money on mortgages it could help pump money back into the economy. For anyone trying to sell property it’s a breath of fresh air.

Call your mortgage company and let them know you want to be notified if/when the drop occurs so you can lock in. Call us if you want to see any home in the Louisville / Southern Indiana area. (502) 376-5483 or go to www.weselllouisvillehomes.com. 

You have to see 3705 BRISTOL OAKS DR from Bob Sokoler on Vimeo.

Walk in the front door and we think you’ll be impressed. From the open living room to the dining room and into the kitchen this home has been completely updated. Speaking of the kitchen, inside you’ll find hardwood floors ceramic tile countertops, there's a center island as well. The bathrooms have been updated, the back den cozy with a gas burning stone fireplace and built-in book shelves. All the paint colors and flooring throughout the home are neutral. The 1st floor master bedroom has a recently added room length closet with mirrored doors. Upstairs the bedrooms are nice size, in fact one is big enough to be used as both a den and office. The basement is not finished but there’s plenty of room for anything you want to build. We’ve saved the best for last, the back yard. Private, professionally landscaped, a fenced yard, large well maintained deck, patio with paver walkways, gardens and large trees with plenty of shade. This one is really worth visiting.

You have to see 3705 BRISTOL OAKS DR from Bob Sokoler on Vimeo.

Walk in the front door and we think you’ll be impressed. From the open living room to the dining room and into the kitchen this home has been completely updated. Speaking of the kitchen, inside you’ll find hardwood floors ceramic tile countertops, there's a center island as well. The bathrooms have been updated, the back den cozy with a gas burning stone fireplace and built-in book shelves. All the paint colors and flooring throughout the home are neutral. The 1st floor master bedroom has a recently added room length closet with mirrored doors. Upstairs the bedrooms are nice size, in fact one is big enough to be used as both a den and office. The basement is not finished but there’s plenty of room for anything you want to build. We’ve saved the best for last, the back yard. Private, professionally landscaped, a fenced yard, large well maintained deck, patio with paver walkways, gardens and large trees with plenty of shade. This one is really worth visiting.

Spread out and enjoy life at 155 BARBARA SUE from Bob Sokoler on Vimeo.

Spacious Brick home situated on over 1 acres lot. Mature trees and beautifully landscaped yard. 4 Garages,2.5 Attached & 2.5 Detached- 220 AMP Service in Detached garage. Huge Kitchen is perfect for entertaining and features Hardwood Flooring, New Appliances, Center Island, Planning Desk & abundance of cabinetry. Family Room is off kitchen with access to huge deck. Second Floor features a large master suit with updated bath & 2 closets(One of them is a walk-in) Other bedrooms are spacious. Finished basement adds more space to entertain. Pride of Ownership shows here! Seller to provide a 1 Year Home Warranty.

This gorgeous ranch with a 2 car garage on the top level has a modern, open floor plan and would make a great home for entertaining especially with 3 decks on different levels. The Vaulted Great Room is wired for surround sound and features a ceiling fan and stone fireplace, and opens those 3 decks. The enormous Eat-in Kitchen features an abundance of cabinetry, counter space and smooth top range. Down the hall you’ll find the Luxurious Master Suite which has a trey ceiling with ceiling fan and lavish bath with whirlpool tub, separate shower and double bowl vanity. The two additional bedrooms are both good sized. More on the decks, take a look at these, can’t you just picture yourself having a party out here? The privacy of those trees makes this an amazing home. Downstairs you can’t miss the HUGE walk-out lower level finished with a recreation area, including a wet bar, another fireplace and an extra large full bath that will be a real WOW to guests. This home also features extensive landscaping, security system and is on a corner lot. 

Old Louisville Charm! from Bob Sokoler on Vimeo.

Beautifully renovated home with much attention to detail. Gorgeous Heart Pine Hardwood flooring throughout most of the 1st floor. The Formal Living Room and Formal Dining Room open to each other and each feature a decorative non-working fireplace. The modern, gourmet Kitchen has new maple cabinetry, Corian countertops, ceramic tile flooring and brand new stainless steel appliances. The Master Suite features a walk-in closet and private bath with new fixtures, ceramic tile flooring and refinished claw-foot tub. The two additional bedrooms and Den area (which could be a possible 4th Bedroom) have good sized closets. The additional bathrooms also have new fixtures and ceramic tile flooring. This house was renovated to the building codes for 2007. Many extras include: new roof, new double-paned windows, new plumbing and fixtures, 2 new high efficiency HVAC units, security system, refurbished pocket doors, new carpeting. Don’t miss the 6 foot privacy fenced, stone courtyard, with no grass to mow, with carport. The new carport features an automatic garage door. This is a great location in Old Louisville just minutes to the airport, U of L, Churchill Downs, the Highlands, 4th Street Live and the excitement of downtown Louisville.