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Red Edge Realty Louisville Real Estate News

It’s Still a Sellers’ Market

Rates may be up but that doesn’t mean there’s no demand

By Mike Hall, Broker/Agent/Owner

Calendar

The housing market: “Weakening doesn’t mean crashing.” - Fortune

Getting a contract on your home today is still a faster turnaround than you might expect – at around one month. While the current interest rate could slow it down, it may also balance out the extreme height of the home buying frenzy making it easier for home buyers to purchase a home.

According to Fortune, the metric to watch is months of supply at the current selling rate which incorporates the supply and demand sides of real estate. The ratio represents the number of months it would take to sell all homes currently on the market (supply) at the current pace of purchases (demand). Even now, it takes around one month to sell a home but a truly “balanced” market is around six months.

Keep in mind that timeline may vary depending on the type of home you’re selling. A home that’s less than $200,000 will often sell more quickly than a $1 million dollar home. The more expensive the home, the more it can vary in features and style. Does it have a pool? Is there room for a pool? What is the style of the home?

With the landscape changing for buyers and sellers, it’s important to have a real estate agent you trust to navigate the journey. If you want to take advantage of selling your home quicker than average, reach out to a Red Edge agent today.

[Source: Fortune.com]

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Best Flowers for Full-Sun Landscaping

You are My Sunshine Flowers

By Mike Hall, Broker/Agent/Owner

Butterfly on flower

Which sun-loving blooms will beautify your home?

With the sun finally showing up more consistently, many homeowners are turning their thoughts to blooms and blossoms. Whether adding that special touch to sell your home or getting cozy in the house of your dreams, color and foliage can brighten any home.

Of course, you must find the right bud for the location. Some flowers need shade part or most of the day, but there are many beautiful full-sun options that might just be the perfect creation for your curb appeal. Many of these flowers look beautiful while also attracting a variety of butterflies, bees, hummingbirds, and admiring neighbors and potential buyers! Here are some of the most beautiful and eye-catching full-sun flowers:

  • Zahara Zinnias
  • Diamond Frost Euphorbia
  • Supertunia Petunia
  • Bolivian Begonia
  • Summer Snapdragon
  • Lantana
  • Calibrachoa
  • SunPatiens
  • Sweet Alyssum
  • Sunflowers
  • Geranium
  • Pentas
  • Marigolds

 

[Source: HGTV.com]

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New Hope for Abandoned Louisville Houses

New Kentucky Law Helps Revive the City

By Mike Hall, Broker/Agent/Owner

Abandoned Home

Soon, more homes could be available for home buyers!

As Louisville home buyers continue to struggle with low inventory and intense competition, every house matters! Currently, the city maintains more than a thousand abandoned properties, including houses and lots of land. It often takes months or years to convert the properties to the market.

But a new Kentucky law might help move those properties along faster.

The new law allows cities to establish third-party conservators, who can refurbish and renovate abandoned properties. The conservators would establish a plan, create a timeline, acquire the necessary funding, and submit their plan for approval.

The conservatorship program is another tool for cities to use to help ease their housing burdens. Louisville’s Office of Housing and Development will only use conservators occasionally, primarily focusing on historic buildings that might have to undergo emergency demolition if repairs aren’t seen to quickly.

Louisville is hoping to pilot the program with one house and one conservator. With this program and other tools, Louisville hopes to shorten the amount of time an abandoned or vacant property sits empty and get more homes onto the market and into the hands of invested homeowners.

 

[Source: WHAS11.com]

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Home-Owner Assistance for Kentucky Residents

Relief for Homeowners Affected by Covid

By Mike Hall, Broker/Agent/Owner

woman with mask, worried

Help is available for qualifying homeowners

In collaboration with the Kentucky Housing Corporation, the state is providing relief for Kentucky homeowners impacted by loss of jobs or income because of the ongoing Covid pandemic.

Qualified homeowners can apply on Kentucky’s state website to receive up to $35,000 in relief funds, which can be used for overdue mortgage payments, property taxes, home and flood insurance, neighborhood fees, or utilities, according to a WDRB report.

During a season when our homes became even more important – often serving as our office, school, gym, and refuge while uncertainty ruled outside, it’s vitally important that now those who need relief to save their homes can do so.

Applicants must be able to document financial hardship and proof of residency and income. Find details at https://teamkyhaf.ky.gov/

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Louisville is a “Place to Love”

Samantha Brown Show Highlights Louisville

By Mike Hall, Broker/Agent/Owner

Samantha Brown Show

Another reason Louisville is a great place to live!

The global traveler, Samantha Brown, has brought her show Places to Love to Louisville. Brown visited the Kentucky Stoneware & Co., the Mohammed Ali Center, and Bourbons Bistro on Frankfurt Avenue, as well as other locations throughout Kentucky.

Brown’s fifth season of Places to Love will air on KET on Saturday, Feb. 12 at 1:30 p.m. and at various times throughout the month on PBS channels.

With so much to see and do in the Louisville area, it’s no wonder it made Brown’s list of “places to love.” From sprawling parks to bourbon tours … grassroots markets to innovative and delicious restaurants, and historic districts to pioneering new technologies, Louisville is a great place to live and work.

Talk to an agent today about all the reasons why Louisville is not just a great place to love – but a great place to live!

[Source: gotoLouisville.com]

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Make the Most of Your Winter Months

January Landscaping

By Mike Hall, Broker/Agent/Owner

Winter Scene

January is a time to plan, prepare, and protect!

Is the dawning of a new year making you think about your hopes and plans for your home, including your landscaping? You don’t have to wait. There is plenty to do now as you get ready for the new spring buds!

  • Plan and buy seeds – January is a great time think about what plants you might like to incorporate into your landscaping over the year, especially if you’ll be buying seeds from a catalog. Start dreaming and then act!
  • Use moderate weather days to clean out trees, shrubs, and bushes now that you can see more clearly between branches and at the trunks.
  • Add burlap, live Christmas tree branches, or other natural insulation to protect your perennials.
  • Check your bulbs and other plants that you brought in for the winter months and remove any rotting bulbs and withered limbs.
  • Prune dormant trees and bushes.
  • Check your garden for uprooted plants.

Spring will be coming just around the corner, so take advantage of these barren months to really get ready for the blooms and color coming. Whether you’re enjoying your newly purchased dream home or preparing to sell in the spring, take care of some of the outside elements even when it’s the dead of winter.

 

[Source: todayshomeowner.com]

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Lights to See in Louisville this Holiday

See Louisville in All Her Splendor!

By Mike Hall, Broker/Agent/Owner

Christmas lights

So much to see and do in Louisville this season!

Louisville knows how to get fancy for the holidays! There are many neighborhoods, events, and businesses that go all out for Christmas, making Louisville a great place to live and work. Check out some of these light attractions in and near the city this Christmas season!

  1. Lights Under Louisville – Ride or drive under Louisville to see more than 4 million lights at the Louisville Mega Caverns.
  2. Gardens Aglimmer – Waterfront Botanical Gardens – See the Botanical Gardens transformed during select days in December.
  3. Winter Woods Spectacular – Iroquois Park – See the forest transformed into a magical winter wonderland.
  4. Christmas in the Park – Elizabethtown – Travel through an illuminated roadway representing the best of the Christmas spirit.
  5. Winter Wonderland – Shawnee Park – Visit this new festival of lights December 17-19.
  6. Christmas in Charlestown, Ind. – Visit the nearby town that calls itself Christmas City during the holidays for tons of events and lights!

[Source: WLKY.com]

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Volunteers Clean Up Old Louisville’s Central Park

Central Park Refresh

By Mike Hall, Broker/Agent/Owner

Seedling growing

Central Park in Old Louisville received a cleanup!

Louisville is a great place to live, with an endless variety of restaurants, events, schools, businesses, and parks. For Louisville residents and guests, Central Park in historic Old Louisville is a popular location for special events, social gatherings, family adventures, and solo wandering.

Central Park is even more ready for guests now that a group of almost 75 volunteers did a park cleanup! The team tackled projects that city teams rarely have the time capacities to maintain, including fixing sidewalks, laying mulch, and a variety of other clean-up and repair projects.

A cleaner, fresher park wasn’t their only reward! Louisville volunteers who helped at Central Park also got to warm up with coffee, hot chocolate, and donuts, plus enjoy chili or pizza to celebrate a job well done.

Central Park is one of Louisville’s 120 parks—beautiful and enticing spaces to love living and working in Louisville, Ky.!

[Source: WDRB.com]

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Homeorama is an Annual Tradition in the Geothermal Louisville Community

Norton Commons Homeorama Explores Beautiful Properties

By Mike Hall, Broker/Agent/Owner

Norton Commons Sign

The housing market in Louisville and its surrounding areas continues to be competitive, with an ongoing shortage of available houses and a steady stream of home buyers looking to find their dream house.

Some areas of the city, like Norton Commons, are in constant demand. Norton Commons sits on almost 600 acres and is currently home to more than 1,800 residences, more than 80 businesses, three schools, and dozens of parks, pools and green spaces.

Norton Commons has been designed and specifically engineered to reduce the need to drive by having everything nearby and to save the community on monthly utilities by providing geothermal heating.

In September, Norton Commons held its annual Homeorama, which provided sneak peeks at nine houses in the community—exhibiting everything from efficiency, custom architecture, and beautiful interior designs. There were also special events and attractions.

If you’re hoping to buy or sell a house in Norton Commons, or any of the great neighborhoods and communities in Louisville, contact an agent today and we’ll be happy to help you navigate this complex housing market!

[Source: WDRB.com]

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NuLu Fest – An Outdoor Adventure!

One Way to Enjoy Louisville this September

By Mike Hall, Broker/Agent/Owner

Band onstage

Enjoy Louisville at NuLu Fest

With cases of COVID-19 continuing to rise, many people are looking for ways to enjoy living in Louisville. Many indoor events and experiences remain canceled, but Louisville is seeing a return of our beloved outdoor festivals. One such experience, the NuLu Fest, will be returning to the East Market District after cancelling last year due to covid precautions.

NuLu Fest will be on the 600, 700, and 800 blocks of East Market Street from 11:00 a.m.-9:00 p.m. on Saturday, September 18.

Among the available options, participants will be able to enjoy live music, purchase microbrews, and visit booths by local vendors. There will be activities for all ages, and the event is free and family-friendly!

It’s a great time to explore the city, encourage local businesses and artisans, and have fun for the whole family. It’s just another reason why Louisville is a great place to live!

[Source: wdrb.com]

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New School Coming to SW Louisville

Brand new building will replace two elementary schools

By Mike Hall, Broker/Agent/OwnerSchool picture

Better schools, better communities!

The quality of a nearby education ranks at the top of many priorities people consider when buying a new house. School clusters that can offer safety, innovation, and an academic edge are highly prized.

Homeowners and potential buyers will certainly be interested in the Southwest area of Louisville, where an 82,532-square foot, $17 million school is being constructed this year. 

The new elementary school will replace the current Wilkerson Elementary School and Watson Lane Elementary School. The state-of-the-art school will feature two stories of classrooms, art, computer and media rooms, and collaborative learning spaces. It will also utilize energy efficient systems for windows, lighting, and plumbing and geothermal heating and cooling.

The community near the new school is certain to benefit from the new facility, with a school they can proudly send their children to.

The new elementary school is expected to be ready in August of 2022. Talk to an agent today if you’re looking to buy or sell a home in this exciting area of Louisville!

 

[Source: jefferson.kyschools.us]

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Explore Louisville in July

The Best Ways to Enjoy Louisville this Summer

By Mike Hall, Broker/Agent/Owner

Louisville skyline

Louisville is opened up again and it’s time for adventure!

Louisville is a great place to live and work, and now that restrictions have eased and the city is opening again, more options exist for venturing back out.

Here are some great ideas for making your way into the city this July.

  1. See Grease at the Derby Dinner Playhouse (derbydinner.com)
  2. Watch some Shakespeare in the Park at Central Park in Old Louisville (kyshakespeare.com)
  3. Listen to Greensky Bluegrass at the Waterfront (ourwaterfrontpark.org)
  4. Experience the Jane Austen Festival at Locust Grove (locustgrove.org)
  5. Hang out at the Louisville R&B Music Festival at the KFC Yum! Center (kfcyumcenter.com)
  6. Change lives at the Kentucky Hope is Essential Gala at Churchill Downs (wish.org)
  7. Hone your skills at the Smartphone Summer Nature Photography event (yewdellgardens.org)

It’s a great summer to live and work in Louisville!

[Source: StyleBlueprint.com/Louisville]

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New Restaurants to Try in Louisville

5 Louisville Locals to Try Out this Summer!

By Mike Hall, Broker/Agent/Owner

Restaurant scene

Time to try some new local restaurants!

Whether you’re on the hunt for your next home or you’re taking some time away so potential buyers can tour your house for sale, a bite to eat is always a good idea. Old favorite restaurants are open for business again, and new local restaurants are even starting to pop up! Here are five newest eateries that make Louisville a great place to live!

1.     Fleur de Tea10704 Meeting Street, Suite 101, Prospect, KY

Find more than five dozen options for your next tea fix! There’s nothing like a good cup of tea and a delicious pastry or treat.

2.     Georgia’s Sweet Potato Pie Company1559 Bardstown Road, Louisville, KY

Sweet potato pie, sweet potato cheesecake, sweet potato cookies, even sweet potato ice cream sandwiches! There are also a variety of fragrant sprays, candles, and wax melts to bring that home-cooked smell into your house.

3.     Pizzaville2901 Goose Creek Road, Suite 103, Louisville, KY

The pizzas are delicious and creative, and the Pizzaville Sluggers (breadsticks) will knock your socks off. Are you ready for a Louisville pizza that’s been 17 years in the making?

4.     The Salad Chic 428 W. Market Street, Louisville, KY

At the Salad Chic, it’s all about healthy options! Each salad is custom built, with plenty of toppings and tastes for every type.

5.     The Seafood Lady601 E. Jefferson Street, Louisville KY 40202

At the newest location for The Seafood Lady, customers should expect bold décor and a full bar, in addition to the delicious Florida-style seafood they’ve come to love. 

[Source: StyleBlueprint.com/louisville]

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Summer Trends for Home Decor

Ideas for Shaping Your Space

By Mike Hall, Broker/Agent/Owner

Minimalist living room white

Use these trends as inspiration for your house!

Whether you just found the home of your dreams and now you’re decorating it to match your life, you’re looking to refresh your house before you put it on the market, or you’re just ready for a change, these summer trends are sure to inspire your décor!

  • Singin’ the Blues – Nothing is as summery as blue skies and teal beaches. Use your favorite shades of blue as strong accents or bold statements.
  • Less is More – Minimalism is making yet another comeback. Sometimes the key to creating space to breathe, imagine, and rest is to choose less.
  • Feeling Neutral – There’s nothing blah about the appeal of neutrals like white, gray, beige, and ivory. These classic colors create a perfect foundation for whatever colors you want to bring in and out going forward.
  • Something to Talk About – Use bold colors, furniture, or art to create a statement that the rest of the room can submit to. Using a neutral or minimalist foundation sets the stage for something more eye-catching and conversational.
  • Stayin’ Alive! — More and more people are embracing indoor plants. There’s just something refreshing and comfortable about a house decorated with vibrant, living plants of different varieties.
  • Light and Airy — Nothing says summer like a good breeze. Using airy and light fabrics in your curtains and bedding will capture that classic summer feel.
  • Au’ Natural — Natural woods like rattan, cane, wicker, and other light woods look especially fresh and fun with a minimalist setting. Pulling in natural wood elements can keep the room feeling light and inviting.

[Source: SpaceJoy.com]

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Auto Group Plans to Bring Jobs to Louisville

Ebspaecher North America to Open Facility in Louisville Riverport

By Mike Hall, Broker/Agent/Owner

New Jobs in Louisville

More jobs are coming to Louisville!

An auto-supply company, Ebspaecher North America plans to open a facility in Louisville Riverport, bringing more than 200 new jobs to Louisville. The North American subsidiary of the German company, Eberspächer Group, is a system developer and supplier of exhaust technology, thermal management systems, and automotive electronics. They intend to bring a $30 million investment to Louisville.

The Ebspaecher group will occupy 125,000 square feet of an existing facility at 7001 Greenbelt Highway. They’ll begin preparing their facility in May with hopes for completion in August.

The Kentucky Economic Development Finance Authority is working with Ebspaecher to create 214 jobs with an average hourly income of $25 with benefits in exchange for performance-based tax incentives. This plan will benefit Louisville with employment opportunities and revenue.

Together, Louisville and Ebspaecher are providing another reason why it’s great to live and work in Louisville. If you’re looking to make Louisville your home, talk with an agent today about finding the best house for you and your family!

[Source: WTVQ.com]

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Which of your favorite Louisville experiences will still happen this year?

Louisville Events in 2021

by Mike Hall, Broker/Agent/Owner

Louisville events photo

Louisville will still host Derby and Oaks!

Many of our favorite events had to be cancelled last year due to the coronavirus pandemic, and there’s still uncertainty about 2021. While some local favorites, like the Cherokee Triangle Art Festival and the Frankfort Avenue Easter Parade, were called off early, Louisville is still hoping to host some fan favorites with modifications for health and safety.

Here are some of the events to watch for this year:
• Chick-fil-A Triple Crown of Running
• WHAS Crusade for Children
• Kentucky Oaks and Derby
• Kentucky State Fair
• Derby Festival MiniMarathon and Marathon
• St. James Court Art Show
Many more events are pending the health status of the area, so hopefully 2021 will be full of celebrations in Louisville!

[Source: WHAS11.com]

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Make the Most of Your Bonus Space

10 Ideas for Your Shed Remodel
Making the most of your bonus space!

By Mike Hall, Broker/Agent/Owner

Shed remodel

Your storage shed has endless possibilities!

If you’ve been home a lot more often in the last year, you might be itching to create an escape, and your own backyard might have the perfect solution.

There are endless ideas for how to transform your boring old shed into an personal oasis. That could be a fun way to add that extra appeal to your house if you’re looking to put it on the market soon, too.

Here are 10 fun ideas to transform your backyard shed from meh to marvelous:

  1. Make a home gym
  2. Create an art or photography studio
  3. Give yourself a greenhouse
  4. Grab some popcorn and visit your personal home theater
  5. Work from your new home office
  6. Create a crafty nest
  7. Add some windows for the perfect green house
  8. Enjoy your own personal music room
  9. Send the kids to their awesome playhouse
  10. Enjoy your own private library
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11 Tips for Open House Guests

Open House Etiquette

By Mike Hall, Broker/Agent/Owner

Open House Welcome

Home buyers can be courteous guests!

If you’re trying to buy a house is this complicated Louisville market, you might be tempted to bend some etiquette rules to gain an edge in the process. But you don’t have to do that — especially if you have one of our agents serving on your behalf. We promise to look out for you and help you find the best house for you or your family.

In the meantime, keep these 11 guidelines in mind when you visit potential homes, and everyone will have a more enjoyable experience:

  • Be one time, with plenty of margin to adequately look at the house in the time allotted.
  • Wipe your feet before you go in, especially in these wet, wintry months.
  • Register your name for follow-up and security.
  • If you have your own Realtor, let the host Realtor know.
  • If you have to bring your kids, make sure they’re good guests, too.
  • Don’t crowd other guests who are viewing the home.
  • Nobody likes a snoop. Avoid going through the owner’s belongings.
  • Keep your design opinions to yourself, not shared with the owner.
  • Schedule a private follow-up appointment if you want to check plumbing or electrical concerns.
  • If you want to open closets or take photos, ask permission first.
  • Be efficient and mindful of time. You can always schedule a time to return for a more thorough exploration.
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Louisville’s First Dog Park Bar

Where pups and people can have a good time!

By Mike Hall, Broker/Agent/Owner

girl with dog at bar

Another great reason to live in Louisville!

There is great news this month for dog lovers around Louisville! The city’s first ever dog park bar is opening in the Highlands neighborhood, at 800 Baxter Avenue. Louisville has bars where adults can mingle, and it has dog parks where pups can make friends. PB & J’s Dog Park Bar will be the best of both options.

The location will offer a full-service bar and coffee at its indoor/outdoor facility, and dogs will be allowed to be leash free. Though anyone who loves dogs is welcome to visit, there is a fee and paperwork required for the pooches. Owners will need to validate vaccine information and provide some up-to-date veterinary records.

The dog park bar owners are committed to providing a great experience for dog-lovers and their four-legged friends in the Highlands. They’re also supporting the rescue efforts of several organizations with every dollar they earn. It’s a win for you, your pooch, and dogs all over the community!

The Highlands is an ideal neighborhood for this pupperiffic place. There are about 4,000 dogs in the ZIP code. If you’re looking for a dream home for you AND your canine companion, an agent would love to talk with you about properties available in this dog-friendly community!

 

[Source: WDRB.com]

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10 Things to Consider When Selling Your Home During a Pandemic

A Selling Q&A during COVID-19
by Mike Hall, Agent, Owner, Broker

mask, antibac soap

Selling during a pandemic presents several new challenges

Thinking of selling your house? If it feels like a daunting process – especially during a pandemic – rest assured your Realtor will guide you through the steps. Discuss the following items with a Red Edge agent to make sure it’s a safe transaction for everyone involved.  

  1. What is the housing market like right now?  Will it take longer to sell during this crisis? Or is there a shortage of homes for sale in Louisville?
  2. Should I skip the open house? What are the rules for an open house in Kentucky?
  3. What about a “showing” kit? Do I need to supply gloves, shoe booties, masks and hand sanitizer?
  4. What are the best ways to encourage hand washing? Consider having bottles of disinfectant in strategic places and stock the bathrooms.
  5. How should I disinfect the house? You should wipe down all surfaces with disinfectant and antibacterial cleaners before and after each showing.
  6. Does it make sense to rent an interim house? Having some place else to live while you show your house will help keep the place spotless.
  7. What about setting up virtual showings? A virtual presentation of your house is 100% safe.
  8. Should I consider “E-Offers”? Do I need to make arrangements to accommodate online buyers?
  9. What kind of delays should I expect?  Inspections and appraisals may take longer during the current health situation.
  10. Should I consider an online/remote closing? Keeping buyers and sellers in separate locations is another good safety measure. 

It is possible to sell your house during COVID-19 and we’ll make safety a top priority.

[Source: BobVila.com]

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