Many first time Louisville home buyers are looking for tips for buying a home during a recession, particularly in today’s shaky economy. They recognize that it’s a buyer’s market right now and they know they should strike while the iron’s hot, however they’ve never bought a home before and aren’t really sure where to begin. Instead of end up like a lot of today’s homeowners who are looking at eviction and foreclosure notices they need to make certain they are doing the right thing and that they are doing it the right way. So here are some first time Louisville home buyer tips for buying a home during a recession. Read More >

So you are ready to take a leap and start buying REO property that’s out there while the market is so hot. After all, that guy on the infomercial said you could go out there and pick up foreclosure property for a song and sell it for 1,000,000 bucks – over night! You will be rich! Well you better do a little research because there’s a huge difference between buying REO properties and buying foreclosure properties and either way you go it’s going to take a little more than a “song” for you to take possession of that property. Read More >

If you’re thinking that just because you’re selling your home in a seller’s market you can ask whatever price you want for it, you are completely right. You CAN ask for whatever price you want. But that does not mean you’re going to get it. Many homeowners make the mistake of thinking that there are 10 buyers lined up in front of each home that is for sale and every one of them are just hoping you’ll choose THEM to sell your house to. However the fact is when you are selling your home in a seller’s market you’ve got to be just as reasonable concerning your asking price as you do at any other time. Read More >

The first thing you must bear in mind is that real estate is always a wise investment when you’re trying to determine what makes a good investment property. While it may appear that there is an overabundance of available real estate now, remember that after a recession those properties will be in high demand again. And the market will change again. It invariably does. And since there’s only so much usable land on the earth no matter what piece of property you want to buy someone will eventually want to buy it from you when you are ready to sell. The key though, to determining what makes a good investment property, is not to think about making a profit after you sell the property, you need to make your profit when you purchase it. Read More >

These days when somebody asks, “What is a buyer’s market versus a seller’s market?” 9 times out of 10 they’re talking about Real Estate. After all, isn’t Real Estate on just about everyone’s mind lately? One of the best ways to gauge the state of the economy is to look at the Real Estate market. If it is a buyer’s market, that typically means that the economy is down and people are trying to sell their homes to get out from under their enormous mortgages. If it is a seller’s market that usually suggests that the economy is good and more folks are looking to invest their extra money in a home. However the most basic answer to the question , “What is a buyer’s market versus a seller’s market?” is that it comes down to the law of supply and demand. Read More >