Every day, I scour the Louisville real estate market searching for houses that need work, but have significant equity potential for homebuyers and investors. Most of the time these homes have offers within hours of hitting the market and multiple offer situations are common. This is especially true for homes below $150,000.
On occasion, I find a hidden gem that has been overlooked for one reason or another. This week I previewed one such home. Although it has been on the market for about 1 week, I don't expect it to last long.
This 4BR, 3 1/2 Bath, Jeffersontown (J-Town) home can be purchased in the $190s (possibly lower) which is $50-60,000 below its move-in ready value. While I strongly recommend a home-inspection, there are no obvious structural, electrical, plumbing, or mechanical issues. The carpet has been removed from the house and there is an lingering pet smell.
If you are interested in viewing this home, please contact me as soon as possible. Note, that pre-approval letters must be submitted with offers. If you are not pre-approved, I'll be happy to recommend a lender who should be able to qualify you quickly.
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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance. He specializes in helping clients buy and sell homes in Louisville and Bullitt County including Shepherdsville, Mt Washington, Brooks, Hillview, Pioneer Village, Hunters Hollow, Zoneton, and Lebanon Junction. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.
love the title "Steal of the Week" - wanted your permission to borrow the franchise out here in Scottsdale , AZ - hope business is great
James- Have it at!
That looks like a STEAL of a DEAL!! Wish I had that here for my investor in ATL.
Winter - It certainly is. As you know, investors really need to be prepared to take advantage of homes like this. If they aren't preapproved or move slowly someone else will snatch it.
Erik-Wow, that looks like a GREAT deal! You have a marvelous idea to do Steal of the week...why didn't I think of that? Care if I do it as well, lol? I'm starting a foreclosure tour, if you'd like to do that....I'll share all of my goodies with you!
Elizabeth - The foreclosure tour sounds like a great idea. Is this basically a photo tour of several area foreclosures?
"Steal of the week" what a great idea for a post! I just might have to copy that idea if you don't mind.
Erik, It's a real live tour! If you have time, give me a buzz Sunday or Monday. I'm with Relo clients all day tomorrow and Saturday. Our first tour is December 6th. I'll fill you in. Looking forward to talking to you soon....
Erik hope you find a good buyer for the steal of the week.
Pam - Feel free. The hardest part is finding a house that lasts long enough to tour it and post a blog. I looked at 3 this week that had multiple offers the day they were listed.
Elizabeth - I'll definitely try to get in touch. Thanks.
Bill - I had one, but he wasn't pre-approved. Someone else made an offer first. They have got to be ready.
Erik - nice to see the honesty abou the lingering pet smell. Good to let people know what to expect so that those who don't mind aren't surprised and so those who would say 'hell no' are forewarned and it saves their and their agents time.