Sales are Up, foreclosures down

Posted on February 5, 2012 by bestofshelbycountyky

Recent reports noted the home sales in shelby county are up while foreclosures are down.
This is great for home owners and sellers.
While the average price didn’t change much, I never and buyers shouldn’t compare a foreclosure to a resale. The resale is going to be in better condition and less chance of hidden issues since the homeowner should (I stress should) disclose all defects. When foreclosures are listed for sale, it is always as is, where is.

For a list of homes for sale visist shelby homes for sale

Adam Borders is your Shelby county connection

Posted in Uncategorized | Tagged , , , | Comments Off on Sales are Up, foreclosures down

4403 Southpark road Louisville Kentucky 40219

Posted on January 10, 2012 by bestofshelbycountyky

Great First time buyer home convenient to everything. 3 bedroom updated Ranch has so much to offer! Large detached garage, patio, pond, hot tub, pool table.

Call Adam Borders to see it! 502-296-2979

DO NOT CURB APPRAISE THIS HOME!

Posted in Homes for sale in Louisville, Uncategorized | Tagged , , , | Comments Off on 4403 Southpark road Louisville Kentucky 40219

Holiday Shopping went great for Shelby Retailers

Posted on December 29, 2011 by bestofshelbycountyky

Sentinel News reports:

Homes sales are doing well in Shelby county.

 

 

Some Shelby County merchants report having a satisfactory Christmas season, and some say they really did well on their after-Christmas sales on Monday.

“I don’t have the numbers available, but I know we did better than last year,” said Jason Shaw, assistant manager at Lowe’s.

“We have sold a lot of merchandise yesterday [Monday], and that sale will be going on for another week,” he said.

That falls in line with what national industry sources were seeing as a positive holiday season. Though final figures won’t be out for a couple of weeks, the National Retail Federation on Dec. 15th raised its seasonal expectation to show a 3.8 percent increase from 2010, which would mean shoppers would spend an estimated $461.9 billion.

Walmart was a national company reporting good sales, and that trend was true in Shelbyville, said David Woodcock, manager at the Shelbyville Walmart.

“We have done well, and we are very pleased,” he said. “Our closing week of the season sales were up and our after-Christmas clearance sales are also doing very well. All of our holiday merchandise is fifty-percent off right now, and next week, what’s left will go even lower. But it’s going fast.”

Wakefield Scarce Galleries also did well, said Patty Wilson, visual coordinator at the gallery.

“We did a little better than last year,” she said. “I think our antique products, sold the best. People are always looking for a bargain, especially a discount.”

Wilson the said gallery got a head start on the after-Christmas shopping sales.

“We started ours a couple of days before Christmas, with twenty to forty percent discounts throughout the gallery, and our gift shop, Yule shop and silver shop,” she said.

Wilson expressed appreciation to shoppers.

“We are so very pleased that so many people came out and shopped with us, and we just want to say thank you to the people of Shelbyville for shopping local,” she said. “We hope they keep it up; we really appreciate it.”

Shoppers also headed out to the smaller establishments that also reported having a good season overall.

Bob Windsor, general manager at Metzgers Country Store, said he believes sales this year, when totaled, ill at least equal last year’s and maybe even exceed it.

“We will not have our final tallies until next week, but we certainly have been very busy,” he said. “We have had a lot of items on sale almost throughout the month, and I understand a lot of people were doing that.”

Posted in Holiday, Real Estate issues in KY | Tagged , , , | Comments Off on Holiday Shopping went great for Shelby Retailers

Merry Christmas to everyone!

Posted on December 12, 2011 by bestofshelbycountyky

We hope your family has a very Merry Christmas!

Posted in Uncategorized | Comments Off on Merry Christmas to everyone!

Jennifer Lopez newest project is portraying a Real Estate agent, not a Realtor

Posted on October 31, 2011 by bestofshelbycountyky

J Lo, Jennifer Lopez, is on a new project where she is portraying a real estate agent who partners with a thief.  This should be a disaster for our industry.  We still constantly struggle with the “shady car salesman” persona to this day.  There is always a few who do not take the business and license seriously.  Real Estate Sales is the highest paid career you can have, it can also be the lowest paid career, depends on what you put into it.

A “REALTOR” is different from a real estate agent, a REALTOR has a code of ethics to follow, is a member of a board of REALTORS and is held to a higher standard than just a licensee.

We will always battle the persona that we are not needed but still have been around for over 200 years.

 

If it shines like a diamond and smells like a rose, you shouldn’t need a Realtor.  however in this litigious society you should always have one by your side.

 

Up next is real estate agent J Lo....not feeling it

Posted in Real Estate issues in KY | Tagged , , , | Comments Off on Jennifer Lopez newest project is portraying a Real Estate agent, not a Realtor

$800 home? Maybe not but I discovered or re-discovered a way to advertise…

Posted on October 4, 2011 by bestofshelbycountyky

I recently posted an ad on Craigslist for a car I needed to be rid of.  “$800 car” was all it said.   I had it on Facebook and sign in the window for two weeks.  only a few random calls.  Once I posted it on Craigslist very bluntly and to the point.  35 calls that day, sold it that night.  We all try to advertise any way we think might work and go to extreme lengths to learn new ways.  When keeping it simple, just as if we were talking to person directly across the table.  Its an $800 car, don’t try to over inflate the subject, just put it out there….

 

http://www.AdamBorders.com

http://www.Metrolouisvillehomes.com

http://www.shelbycoKyMLS.com

Posted in Uncategorized | Tagged , , , , , , , | Comments Off on $800 home? Maybe not but I discovered or re-discovered a way to advertise…

Good Seller Etiquette and practice worth preaching

Posted on September 19, 2011 by bestofshelbycountyky

Practicing good seller’s etiquette

Let’s face it: When your house goes on the market, you’re not only opening the door to prospective buyers, but also sometimes to unknown vendors and naïve or unqualified buyers. As with any business transaction, there is an expected protocol to how sellers, buyers and their respective agents interact. Should you find yourself in a sticky situation, alert your agent so he or she can address and remedy the problem.

The aggressive agent
When your agent puts your house on the market, typically all promotional materials state clearly that your agent is the primary contact for buyers and buyers’ agents. However, sometimes a buyer’s agent will contact a seller directly to try to either win over their business or cut the seller’s agent out of the deal. This is not reputable behavior and you should report it to your agent immediately if it happens to you.

The unscrupulous vendor
Have you ever started a business or moved into a new house and suddenly found your mailbox full of junk mail? Unfortunately, this also can happen when you put your house on the market. When you sell your home, it necessitates all kinds of new purchasing decisions and less-than-ethical vendors are keenly aware of this. Though MLS organizations enforce rules on how posted information is used, some companies have found ways to cull information from various sources to produce mass mailing lists. If you find yourself regularly emptying your mailbox of junk, let your agent know. He or she can tap the appropriate sources to prompt an investigation into the matter.

The naïve buyer
Yard signs, Internet listings and other advertisements can generate a lot of buzz for your home. Some prospective buyers – particularly first-timers – will be so buzzed to see your home that they’ll simply drop by. If this happens, no matter how nice these unexpected visitors are, it’s best not to humor their enthusiasm by discussing your home or giving an impromptu tour. Instead, politely let them know that your real estate agent is in charge of scheduling tours and provide them with the agent’s contact information. If you attempt to handle these surprise visits on your own, you might inadvertently disclose information that could hurt you during negotiations down the road.

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off on Good Seller Etiquette and practice worth preaching

The daily Shelby County Homes and Gardens is OUT!

Posted on August 24, 2011 by bestofshelbycountyky

The Shelby County Homes and Garden daily edition is OUT! 

Posted in Uncategorized | Tagged , , | Comments Off on The daily Shelby County Homes and Gardens is OUT!

Closing on the contract. Some helpful hints

Posted on August 22, 2011 by bestofshelbycountyky

STEP 8 – BEFORE YOU CLOSE

As the closing date (otherwise known as settlement or escrow) draws near you will need to be in contact with the escrow company or closing attorney and your lender to make sure all necessary documents are being prepared and will be delivered to the correct location on the appropriate date. Find out what form of payment you will need to bring to the closing for any unpaid fees. Make sure that your payment is made out to the appropriate party.

These days, buyers and sellers don’t even have to be in the same room to close a deal. Thanks to computer automation, signed paperwork can be delivered overnight to both parties.

STEP 9 – CLOSING ON A HOME

Closing is where ownership of the home is legally transferred from the seller to the buyer. It is a formal meeting that most parties involved in the process will attend. Closing procedures are usually held at the title company’s or lawyer’s office. Your closing officer coordinates the document signing and the collection and disbursement of funds.

In order for the closing to go smoothly, each party involved should bring the necessary documentation and be prepared to pay any related fees (closing costs). There may be more than one form of acceptable payment for your closing costs so ask the closing officer which form of payment will be required and to whom it should be paid.

Sellers sometimes pay for a portion or all of the closing costs, depending on local market conditions, terms of the purchase contract, and the seller’s cash and timing considerations. Any such concessions should be acknowledged in writing. Most lenders will allow a credit from the seller to the buyer for the non-recurring closing costs. However, they usually won’t allow a credit that reduces the amount of the buyer’s down payment or any of the buyer’s recurring costs, such as expenses for fire insurance premiums, private mortgage insurance (PMI) or property taxes.

STEP 10 – POST-CLOSING

Congratulations on the purchase of your new home!

Now that you have taken ownership of it you will need to have your electricity, cable and phone set up. Also be aware of typical homeowner expenses such as Neighborhood Association fees, landscaping costs, and annual taxes and budget for them accordingly


homes for sale in Shelby county

Homes for sale in Jefferson County

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off on Closing on the contract. Some helpful hints

Steps 5-7 …What to do when You find a home you want to buy…

Posted on August 16, 2011 by bestofshelbycountyky

STEP 5 – MAKE AN OFFER

Now that you’ve found your dream home, it’s time to make an offer. Your real estate agent will help you determine the offer price by reviewing recent sales of homes that are similar in size, quality, and conveniences and amenities. Your real estate agent will advise you on how to create an offer that will have the best chance of being accepted. After consultation with you, your agent will create a written contract with your offer that meets all the local and national legal requirements. This document details what needs to be done by both parties to execute the transaction. It should protect the interests of both parties and will ensure your financial position as the buyer.

The contract should include, but is not limited to, the following: Legal description of the home, Offer price, Down payment, Financial arrangements, List of fees and who will pay them, Amount of the deposit, Inspection rights, and possible repair allowances, Appliances and furnishings that will stay with the property, Settlement date, Contingencies Remember the legalities of this phase are very important.

If you have any questions or concerns, be certain to address them with your real estate agent right away.

STEP 6 – NEGOTIATING TO BUY

Once your offer is made you may need to negotiate with the seller to reach an agreement. Keep in mind almost everything is negotiable when you are buying a house. This can give you a great deal of leverage in the buying process, that is, if you have adequate information and you use it in an appropriate manner.

After consultation with you, your agent will create a written contract with your offer that meets all the local and national legal requirements. This document details what needs to be done by both parties to execute the transaction. It should protect the interests of both parties and will ensure your financial position as the buyer.

  • Price
  • Financing
  • Closing costs
  • Repairs
  • Appliances and fixtures
  • Landscaping
  • Painting
  • Occupancy time frame

Counter offers happen frequently. Remain in close contact with your real estate agent so you can quickly review any changes from the seller. Remember…bargaining is not a winner-take-all deal. It is a business process that involves compromise and mutual respect.

STEP 7 – SERVICE PROVIDER COORDINATION

Once your offer is made you may need to negotiate with the seller to reach an agreement. Keep in mind almost everything is negotiable when you are buying a house. This can give you a great deal of leverage in the buying process, that is, if you have adequate information and you use it in an appropriate manner.

After your offer is accepted, your agent will help you coordinate the activities of service providers and serve as your advocate when working with them. Your agent will make sure these vendors have access to the property to perform their procedures and will oversee the execution of those procedures on your behalf.

One service you may need is a home examination. An inspection of the property, the foundation, and the surrounding environmental may be needed to make sure the property meets the standards set forth in your written agreement. If there are issues or inconsistencies brought to light during this time, it may delay or even nullify the contract.Insurance is another item that will need to be taken care of. Experts recommend you obtain title insurance equal to the full replacement value of the home. This kind of insurance is purchased at closing and protects the buyers in the unlikely event that the title to the property becomes invalid. Homeowners insurance protects against theft, fire and liabilities. It often includes things such as bicycles, furniture and jewelry. Flood insurance is generally only necessary for flood-prone areas. The federal government issues this kind of insurance.

In addition to aforementioned types of insurance, you may want additional assurance for your new home. Home warranties are one way to protect yourself after you buy. Warranties for new homes protect against plumbing, wiring and structural defects. Existing home warranties cover things like major appliances and structural problems.

Having these procedures done in a timely and professional manner is a must. Investigate each service provider to make sure they are reputable and have a clean operational history. Your agent’s experience in this area will be invaluable.

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off on Steps 5-7 …What to do when You find a home you want to buy…