Louisville Highlands Real Estate Price Reduction – At least one home in the desirable neighborhood of the Highlands has decided that the time has come to reduce their list price.  In this case, the owners are lowering the price almost 6% from $159,900 down to $149,900.

This home is in very good condition, and is quite large for a 2 bedroom, 1 full bath home.  Located on Bonnycastle Ave, in the heart of the Highlands, this home should be a very good buy at this price for a first time home buyer or even an investor.  There are two family rooms, one of which could easily be used as a 3rd bedroom if desired.

For complete information about the Louisville Highlands real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Louisville Highlands real estate at www.GregFly.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me 1-888-GREG-FLY or email me at greg@gregfly.com.

Between 10 and 15% of all home sales this year will be For Sale By Owner, without the aid of a Realtor. Of that percentage, it is estimated that 40% of all FSBOs will sell to someone they already know, meaning that they are effectively private transactions, and are not really a part of the open marketplace. That means that only 6 to 9% of the homes on the market at any given time are FSBOs, and not all of those are going to sell.

Why such lousy numbers? What is keeping FSBOs from achieving a greater percentage of the market? The simplest answer is a lack of knowledge. Most private sellers simply do not know the appropriate laws, necessary paperwork, local real estate customs or the most effective marketing skills.

While I continue to believe that a seller is almost always better off hiring a competent Realtor (I even have the numbers to prove it, a good Realtor will more then pay for themselves!), there are some fairly simple steps a seller can take to greatly improve their odds of selling, and saving the listing commission charged by Realtors. What follows is a short list of the seven most cost effective methods of producing potential buyers for any home seller, whether or not they are FSBO. In fact, if you have hired a Realtor, and they are not utilizing these tools, I would seriously think about changing Realtors! (more…)