Louisville & Bullitt County Real Estate

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Photos and Info from the Ice Storm in Louisville

Virtually the entire state of Kentucky was hammered by snow and ice over the last two days.  The storm left over 500,000 people without power for what may be up to 10 days.  In the Louisville area, over 100,000 do not have electricity tonight.  Jefferson County schools have been called off for the rest of the week and most surrounding counties are expected to do the same. 

Our power was restored early this afternoon and I was able to venture out to get a few pictures and see how Bullitt County held up.  I-65 and most main roads were fairly clear, but virtually every side road was covered to some degree.

 Major roads were cleared by Wednesday afternoon.Shepherdsville  

But, even highly travelled secondary roads were still slick.

Shepherdsville

Many trees were bent over...

The Pointe Shepherdsville

and a lot simply broke.

The Pointe Shepherdsville

This one did a little of both and blocked the road.

Blocked Road

Anyone who thinks schools will reopen this week is delusional.  (Freedom Elementary)

Freedom Elementary Shepherdsville

While everything looks peaceful..

The Pointe Shepherdsville

there are still many things to worry about.

Electric pole about to break in Shepherdsville

The fishing pond at Autumn Glen

Fishing Pond - Autumn Glen

Here's the homes....

The Pointe

The Pointe Shepherdsville

Hwy 44

Hwy 44 Mt Washington

Cherry Hill (I wonder if that fountain will survive)

Cherry Hill Mt Washington

Wildwoods

Wildwoods Mt Washington

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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS

Give yourself some credit... if you are a "First-Time Homebuyer"

This may well be the best time in history for First-Time Homebuyers to purchase a Louisville or Bullitt County Home.  The combination of historically low interest rates and high inventories creates an opportunity to find an affordable home in virtually any location.  If you have not owned a home in the last 3 years, the government is offering a tax credit as further motivation.  I have included an excellent post on the tax credit from Pennsylvania Mortgage Professional Jason Sardi. 

As Mr. Sardi mentions, the credit expires July 1st.  In order to account for closing times and possible delays, you need to have an accepted contract by the end of April to be safe.  Of course this means you should start looking for your Louisville home now.  Read Jason's post and then call me (502-921-3989) and let's get started!  

Search for Louisville Homes

Via Jason Sardi, Mortgage Banker (FHA-VA-USDA-Conventional):

Let's first define "First-Time Homebuyer".  Actually, let's define what the heck I'm addressing in the first place.  It's the First-Time Homebuyer Tax Credit.  I trust you've at least heard about it and if not... no biggie... I will give you some of the talking points and the direct address to the site momentarily.

The whole concept of "First-Time Homebuyer" can be a tad misleading for some of you.  You are considered a first-time homebuyer (under this tax credit) if you have not owned another home at any point in time during the three years prior to the date of purchase. 

So what is this Tax Credit all about?

  • It acts like an interest free loan because it must be repaid over a 15-year time frame.  If you die, don't worry about it as long as you filed your taxes individually.  If you filed a joint return, it's up to wifey or hubby to pay this interest free loan.  Death, like life & love, can cost money:)
  • This only applies to primary residences in the United States of America.  Sorry, the vacation house in Greenwich, Connecticut doesn't qualify.  As far as that Villa in Italy, count that out as well.  Feel free to drop me a bottle of Chianti in the mail, though.  It's got to be your home... the very roof over your head.  On a personal note, I do believe we'd be better off if when buying a home... we'd consider it more than an "investment".  It's where you live folks!  Investments, for most of us, happen over time.  I ain't (love that word) no day trader or speculator.  And I never will be. 
  • What's the time frame?  You buy the home after April 8th, 2008 and before July 1st, 2009.  Let's face it, we have low interest rates and a large inventory and considering it is a buyers market in a lot of areas... it may be a damn good time to go ahead and buy that home.  Historians may look back to this period of time and wonder what the fuss was with not wanting to committ, waiting for a more opportune time.  There may be NO more opportune time than now.  Of note, the preceding is a sales pitch delivered by folks to increase business and consumer confidence.   The same can be written about all the bad news flying around.  Don't think that news organizations aren't rolling in dollars about how much "bad news" is being reported.
  • How much is the credit?  Quite simply, 10% of the purchase of the home, a maximum available credit of $7500.00 worth of dead presidents.
  • How will the IRS know if someone sells their residence before the 15 years are up?  I gotta laugh at this question, though it isn't a stupid one.  In my mind, the only stupid question is one not asked.  To answer this, the website says the following: "Through both self reporting and third-party information."  Right, how ripe.  Without imposing political beliefs upon the masses, they will know.  While I believe in conspiracies, this isn't one in my book.  This is intelligence, the right kind.  I know folks who blatantly took advantage of the system, good for you.  Just don't bitch because we are all in a bundle.  YOU were just as responsible...
  • It's repaid, but how?  After the second year of claiming the credit, you must repay that interest free loan.  From what I've read, you will be repaying as an additional tax on your returns for the next 15 years.... $500.00 a pop.

One more thing, before I present the second thing which will end up "lastly".  Real Estate Investors have been stifled because of all these happenings in the Mortgage World.  Personally, I think that is a mistake.  They say you can only own so many properties and your credit score has to be this and your mother has to a direct decendent of Henry the freaking 8th?   Some folks invest in Real Estate for a living, don't ignore them.  Keep that in mind PMI Companies and Credit Scoring Agencies, because I bet ya that you won't be running this industry much longer.

Lastly, and my English Teacher hated starting a sentence like that which is one of the reasons I just did... it's a buyer's market.  That doesn't mean it is right for you, yet it is most certainly something to explore.  In a few years, if you didn't pounce on this, you may just be making someone else a lot of money... who owns your home. 

Direct website @ http://www.irs.gov/newsroom/article/0,,id=186831,00.html

Have some fun @ http://www.youtube.com/watch?v=tfBoMV-HIP4

 

Sardi

 

Attention Buyers: Create Your Own Success Story

SuccessAs we go through life, each of us are afforded certain chances to improve our lives and the lives of others around us.  Some people take advantage of these prospects while others have them pass by in complete oblivion.  Those who miss out often curse their misfortune and wonder how others can be so lucky.  

The reality is luck has little to do with it.  Successful people constantly watch for situations to take advantage of and are prepared to act quickly when they arise.  No one handed Bill Gates, Steve Jobs or Michael Dell anything when they started out.  Each of them recognized an opportunity swaying before them and seized hold.

 

How do you measure success?You don't have to be a mega-CEO to be successful.  Each of us has our own yardstick with which we measure our lives.  Did I graduate from high school? College? Do I have a good job? Do I own a home?  Am I providing a better life for my children?  The list goes on.  Regardless of how you rate your accomplishments, I'll bet that those things you are most proud of involved calculated risk, hard work and/or making the most of a situation.  

Today, you have the chance to take steps to improve your life significantly.  Interest rates are at a level that has not been seen in your lifetime and most likely will not occur again.  Housing inventories are at high and buyers have an advantage in the marketplace.  If you are prepared, you can buy a home now that you couldn't buy a few years ago and won't be able to buy a few years from now.

First time-home buyers have an even better opportunity.  The government is offering a $7,500 tax credit that can still be applied to your 2008 tax return.  This zero-interest loan is a great way to get started in home-ownership. 

Your castle AwaitsAs a long-term investment, home ownership is still one of the best ways to improve your overall wealth.  More importantly, it provides you with a place to call your own, to live, to start a family, to raise children, and/or to enjoy retirement.  Right now, you have the opportunity to improve your life and that of your family.  Are you going to grasp it or let it slide through your fingertips and curse your luck when the market returns?

When you are ready to buy a home in the Louisville area, call me and we'll get started.   

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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Middletown, Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, and Brooks.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Louisville Homes.   

Mt Washington Kentucky (KY) Real Estate Market Report ~ Dec 08

Mt Washington Real Estate Market Report- This report analyzes property sales trends for Mt Washington homes over the last few months and versus the same time period last year.  The report includes number of homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

Mt Washington Market Report

Comments and Analysis

For whatever reason, December sales were more affected in Mt Washington than is Shepherdsville.  With the number of units down 50%, there isn't  lot of good news for sellers.  However, 2 factors still stand-out.  First, the sales price to list price ratio is still almost 96%.  Second, Days on Market (DOM) is low.  This means that serious buyers exist, they no what they want, and they act quickly when it comes on the market.  Ten of the homes sold in less than 40 days.    

See Also: Bullitt County Real Estate Market Report ~ Dec 08

Three Reasons to Buy a Mt Washington Home Right Now

  1. Selection - Fourteen months of inventory is the highest we have seen in years.
  2. Affordability- Good pricing and historically-low interest rates combine to make home ownership more reasonable than renting.
  3. Tax Credit -Buyers can get a $7,500 tax credit on the purchase of a Mt Washington home as long as you haven't owned a home in the last 3 years.  

See Also: Price Doesn't Matter to Buyers

Three Keys to Selling your Mt Washington Home Right Now

  1. Price it correctly the from the start
  2. Prepare your house for sale before you list it
  3. Promote your home where buyers can find it 

See Also, How to Promote your Mt Washington Home online    

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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS

Shepherdsville Real Estate Market Report ~ Dec 2008

Shepherdsville Real Estate Market Report- This report analyzes property sales trends for Shepherdsville homes over the last few months and versus the same time period last year.  The report includes number of homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

Despite the fact that Fox Chase, Hebron Estates, Hillview, Hunter's Hollow and Pioneer Village are incorporated, home sales from these areas are generally included with the Shepherdsville home sale data.  This month's results are shown in the chart below.

Shepherdsville Market Report

Comments and Analysis

AsI mentioned in the Bullitt County Real Estate Report, December was a tough month for sellers and a very good month for buyers.  Many of the Shepherdsville homes sold were short sales or foreclosures.  No area or price point is immune to this fact as evidenced by the sale of a home in Stoney Ridge for $189,000.  

See Also: Bullitt County Real Estate Market Report ~ Dec 08

Three Reasons to Buy a Shepherdsville Home Right Now

  1. Selection - Thirteen months of inventory is the highest we have seen in years.
  2. Affordability- Good pricing and historically-low interest rates combine to make home ownership more reasonable than renting.
  3. Tax Credit -Buyers can get a $7,500 tax credit on the purchase of a Shepherdsville home as long as you haven't owned a home in the last 3 years.  

See Also: Price Doesn't Matter to Buyers

Three Keys to Selling your Shepherdsville Home Right Now

  1. Price it correctly the from the start
  2. Prepare your house for sale before you list it
  3. Promote your home where buyers can find it 

See Also, How to Promote your Shepherdsville Home online    

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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS

Bullitt County Real Estate Market Report ~ Dec 2008

Bullitt County Real Estate Market Report- This report analyzes property sales trends for Bullitt County homes over the last few months and versus the same time period last year.  The report includes number of homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

Bullitt County encompasses the primary cities of Shepherdsville, Mt Washington, and Lebanon Junction.  Home sales from the smaller cities of Brooks, Fox Chase, Hebron Estates, Hillview, Hunter's Hollow, Pioneer Village and Zoneton are also included, but these are generally listed as Shepherdsville homes in the MLS.

Bullitt County Market Report

Comments and Analysis

Let's call a spade a spade here.  December was not a particularly good month for sellers.  On the other hand, investors and serious buyers made out like bandits.  Almost 1/3rd of the homes that sold were short sales or foreclosures.  Many of the rest were priced to move quickly.  In fact, I had identified a couple as great steals.

Despite this, the Bullitt County market is still in decent shape.  Properties that are priced right are selling fairly quickly.  Only a few homes took more than 6 months to sell and each sold within 90 days of the final price change.  Home sellers who do not have to sell or are not trading up are keeping their homes off of the market.  This helps keep our inventory art a reasonable level.  

Buyers

You have the a real opportunity to get a move-in ready home at a historically low interest rate.  First-time home buyers can also take advantage of the $7,500 tax credit.  The best 3 things that you can do for yourself are to

  1. get serious,
  2. get pre-approved, and
  3. find a good Bullitt County Real Estate agent.

Sellers

This is not the time to test the market.  If you want to sell, you need to

  1. be realistic with your price,
  2. prepare your house for sale, and
  3. find an agent who can promote your Bullit County home properly.   

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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS

The Most Depressing Day of the Year

In 2005, a British psychologist developed a formula for determining the Most Depressing Day of the Year.  Incorporating weather, failed New Years resolutions, holiday bills, day of the week, etc, Dr. Cliff Arnall determined Jan 24th should be the appointed day.  Over the past few years, the date has been recalculated and generally lands on the 3rd or 4th Monday of January.  For 2009, this past Monday was declared the Most Depressing Day of the Year in the UK.  Next Monday is probably more appropriate for the mostly arbitrary designation in the US due to the holiday this week.  To most people, the day will come and go with little differentiation from the one before or the one after.  

The past year has established Depressing Anniversaries for far too many people.  They will forever remember the day they lost their retirement funds, jobs or homes.  In some cases these losses were the tip of the proverbial iceberg.  Lives were torn apart as the hull took on water and those onboard were too slow to find a life raft.  While I hate to be a harbinger of bad news, 2009 will sink many others if they do not or cannot find refuge.           

In an odd and tragic coincidence, today is the most depressing day of the year for my wife and me.  Eight years ago yesterday, my first son was born 16 weeks prematurely.  Eight years ago today, he died.  While the pain has dulled, it has most certainly never left and I expect it never will.  Any trip down memory lane must be tempered with caution as missteps lead to darkness in a hurry.  However, we have moved forward with our lives over the years, and you can as well if you choose to. 

"A journey of a thousand miles must begin with a single step."  -Lao Tzu

The first stepStanding at the head of the path and lamenting your loss or wishing things will return to normal only causes more problems.  Once you have experienced tragedy, normal is forever changed.  The way forward is through acceptance and adaptation.  It is also through recognizing your limitations and asking for help when you need it.  My wife and I had friends who simply listened when we needed them to.  Whether they knew it at the time, this helped us down the path one step at a time until we could once again walk unassisted.  Mourning is fine.  In fact, it is often necessary.  Just do it along the way.  

So, if you are having trouble with your Louisville area home, contact a Realtor, your lender, the HOPE Now people.  Get professional help.  If I can't help you, I'll be honest and lay out your options so that you can make the best decision for your family.

If you need a job, be proactive.  Search CareerBuilder and Monster, join social networks such as Linkedin and find people who can help.  Take a part-time job to make ends meet until you can find something more permanent. 

In any case, do not give up.  Focus on the things that you can control and take the first step and then take another and another.  It is ok to fail, but it is not ok to quit.  As Paul wrote, "Every failing, a new beginning"

Tomorrow can be better.

Sunrise

5918 Brandon Dunes Dr ~ Louisville Condo for Sale ~ $103,000 -- Sold!

Louisville Condo for Sale

This charming stand-alone condo combines the benefits of a single family residence with the convenience of condo ownership. A vaulted ceiling covers the great room, kitchen and dining room and provides a spacious feel to this open area. Among the many updates are pergo-style flooring, upgraded lighting, tilt-out windows, 30 year ornamental shingles and an ADT security system. Additionally, each bedroom has a walk-in closet. Exterior features include a covered porch, fenced back-yard and 2-car garage . Monthly maintenance fee ($84) covers lawn care, landscaping, trash and snow removal.  

Subdivision:  Village at Wildwood

Location: Fegenbush near Hurstbourne -- Convenient to GE, Ford, and the airport as well as shopping and dining in the Hurstbourne / Taylorsville area. 

 

Louisville Home for SaleLouisville Condo for SaleLouisville Home for SaleLouisville Condo for Sale

Louisville Condo for SaleLouisville Home for Sale

 

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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estateor to Search for Louisville Homes 

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 Get Louisville Real Estate News by Email

3501 Bonaventure Blvd ~ 4 Bedroom Home for Sale in Louisville ~ $96,000

 

Update (3/15): This home now is Sold!

Louisville Home for Sale

This 4-Bedroom home in southern Louisville is an absolute steal at under $100,000!  Take advantage of the seller's generosity and make this your new home today.  The home is move-in ready and even has brand-new appliances. The fourth bedroom is separate from the others for privacy. This room is large enough that it could be used as a family room, play room, etc. Other amenities include tile flooring in the kitchen and bath, tilt-out replacement windows, and a privacy fence around the back yard.  The property backs up to woods that provide both privacy and a scenic view. All of this and the seller is offering a Home Warranty. First-time home buyers who act quickly can still apply the $8000 tax credit to their 2008 tax returns.   

Louisville Home for SaleLouisville Home for Sale

Louisville Home for SaleLouisville Home for Sale

Louisville Home for SaleLouisville Home for Sale

 

Related:

How I Market Your Louisville Homes Online

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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estateor to Search for Louisville Homes 

Get Updates in a Reader

 Get Louisville Real Estate News by Email

 

290 Probus Dr ~ Mt Washington Home for Sale ~ $142,000

Update 3/26:  This Mt Washington Home is Sold!

LP/SP: 98.5%

DOM: 70

Click the link to see how I sell Mt Washington Homes

290 Probus Mt Washington

THIS 4 BEDROOM, 2 FULL BATH HOME HAS BEEN COMPLETELY UPDATED AND IS MOVE-IN READY! This home features an eat-in kitchen, walkout basement, 1 car garage, large deck and privacy fence. The roof, appliances, countertop and flooring are all new. In addition to pricing the home below appraised value, the sellers are offering a 1-year home warranty.

Mt Washington Home for SaleMt Washington Home for Sale

290 Probus Mt Washington Home for Sale

Mt Washington Home for SaleMt Washington Home for Sale

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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Mt Washington Homes.