Home Buying in Louisville : Questions & Answers

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Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
I have a client that is looking for a Lease Option in Highland, Cresent Hill, St. Matthews area. 3-4 bedrooms, fin or unfin base. Approx $1200 mo
Jodi,

Make sure to run the contract past the loan officer you work with before your client puts up any money. Mortgage underwriting guidelines are very specific on how to treat a le ... more
0 votes Share Flag Thu Jun 21, 2012 Home Buying in Louisville
Kathy Ludwig, Real Estate Pro in 40207
Kathy Ludwig answered:
what is non-conforming square footage?
This is any area or part of a room that has less than a 5 ft. distance from ceiling to floor, or does
not have a vent to the furnace.

Kathy Ludwig
Realtor
(502) 558-4418
0 votes Share Flag Sat Jun 16, 2012 Home Buying in Louisville
Ronnie Bramer, Real Estate Pro in Saint Petersburg, FL
Ronnie Bramer answered:
Is there usually a difference in the asking vs. selling price of homes in the Louisville market?
Good question. Asking price is what the seller hopes to get. Selling price is what the market says it will pay. The normal spread between the two is appox. 7%. Asking the seller to pa ... more
0 votes Share Flag Thu Jun 14, 2012 Home Buying in Louisville
Michael Thac…, Real Estate Pro in 40207
Michael Thacker answered:
Is this a good time to buy a home in the Highlands?
GREAT neighborhood and very diverse housing stock!! Always a good time to buy in that area, in my opinion that is!
0 votes Share Flag Mon Sep 23, 2013 Home Buying in Cherokee Triangle
Wes Black, Real Estate Pro in Louisville, KY
Wes Black asked:
Do you know how much fun you can have contacting a buyers agent and searching for a great house? Beats getting poked in the eye with a sharp stick. Many programs available to help first time buyers.
0 votes Share Flag Fri May 25, 2012 Home Buying in Louisville
Wes Black, Real Estate Pro in Louisville, KY
Wes Black answered:
Where is the foreclosure barrage that is expected?
I asked this question last year. The 2013 answer is it never really happened in Louisville. Some investors quietly bought many of them. Some were rehabbed and sold or kept for rentals b ... more
0 votes Share Flag Sat Sep 21, 2013 Home Buying in 40207
Noel Harris, Real Estate Pro in Louisville, KY
Noel Harris answered:
Will economy pick up steam in last half of this year? Will housing generally improve?
Yes and yes. The signs are right there in front of us if we follow the housing market. We have about the same number of houses right now that we had this time last year. The difference ... more
0 votes Share Flag Sun Sep 22, 2013 Home Buying in 40207
Mike Papanto…, Real Estate Pro in Arvada, CO
Mike Papantonakis answered:
Why are prospective buyers so fearful of meeting with loan advisor? What should realtors do to remove this fear?
I'm sure each one has their own reasons. My guess is the same reason that we don't want to go to the doctor for fear we will find out that something's wrong. I always tell buyers that i ... more
0 votes Share Flag Fri Sep 26, 2014 Home Buying in 40207
Praveen Katta, Real Estate Pro in Louisville, KY
Praveen Katta answered:
Why are many buyers still reluctant to have an agent early in their home hunting process?
Most of the time, at the initial stages, buyers still don't know what they need to know and
they feel the agents are pushy. They may be still yet to decide on which area is right for ... more
0 votes Share Flag Thu May 17, 2012 Home Buying in Louisville
Patrick Fiel…, Real Estate Pro in Dallas, TX
Patrick Fields answered:
If everyting else is good for a home loan but the bank statements will they disapprove the loan?
Good evening,

Some important elements are missing from your question that prevent a conclusive answer, but if you are asking, can a mortgage lender or lender underwriter, reverse a d ... more
0 votes Share Flag Mon May 14, 2012 Home Buying in 40258
Rhonda Rober…, Real Estate Pro in 40291
Rhonda Roberts answered:
are there lease with option to buy homes on this site?
Good afternoon,
I'm not certain if there are any on this site, but I do know of some in the Louisville area. Please contact me at mt email: rroberts@semonin.com and I can find o ... more
0 votes Share Flag Tue Jul 8, 2014 Home Buying in Louisville
Louise Venet…, Real Estate Pro in Louisville, KY
Louise Venettozzi answered:
Is the Louisville housing market in the sweet spot?
It depends...while I agree with the previous answer and feel that the market is improving gradually, I also see a glut of homes on the market & a significant amount of REO/Foreclosure/S ... more
0 votes Share Flag Thu May 17, 2012 Home Buying in Louisville
Fred White, Real Estate Pro in Louisville, KY
Fred White answered:
What areas in Louisville are likely to appreciate in the next 5 years?
All areas should appreciate. Obviously, the places that will appreciate the most is where the building is going on (when there wasn't much there to begin with), and that IMO would ... more
0 votes Share Flag Sun Mar 18, 2012 Home Buying in Louisville
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
I have been trying to purchase a home do anyone know about the 203k financing program can anyone help thanks
The 203K is a program that allows you to buy a house for, let's say, $100,000 and mortgage in $20,000 for repairs making the total loan $120,000. There are loads of rules and hoops ... more
0 votes Share Flag Thu Mar 8, 2012 Home Buying in Louisville
Kim Kramer, Real Estate Pro in Louisville, KY
Kim Kramer answered:
Question of the Day: What makes a great buyer's agent
A great buyer’s agent will take you step by step through the real estate process from finish to the closing table and beyond. They will be one step ahead of items that are to be ... more
0 votes Share Flag Sun Mar 18, 2012 Home Buying in Louisville
Fred White, Real Estate Pro in Louisville, KY
Fred White answered:
What's the typical process when buying a short sale?
Your two questions go hand in hand. One of the major pitfalls is how long it can take. The other pitfall is that it's possible not to happen at all.

Basically, you make an offer ... more
0 votes Share Flag Wed Mar 7, 2012 Home Buying in Louisville
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