Real Estate Information Archive

Click anywhere on picture: from Bob Sokoler on Vimeo.p>

You won’t want to miss this outstanding house in a great area! This 3 Bedroom, 2.5 Bath Cape Cod features beautiful hardwood flooring throughout most of the first floor and second floor. The first floor features a Formal Living Room and Formal Dining Room, as well as a Family Room with brick, gas fireplace. The Eat-in Kitchen is light and bright with the floor to ceiling windows in the eating area and has white cabinetry, with stainless steel refrigerator and dishwasher and brand new black range. You will not believe the size and beauty of the Huge Master Suite. Here you’ll find closets, immaculate wood flooring and a gorgeous, brick fireplace for instant romance. The Master Bath also has a whirlpool tub. The second floor also has two nice size additional Bedrooms with hardwood flooring and a second Full Bath. Don’t miss the partially finished lower level with Family Room and office area. There’s even a mini mud room for the kids to store their coats and shoes. Out back the private backyard is surrounded on 2 sides with large pine trees. The new patio will make a great place to entertain! You’re going to want to call this home!

3123 EAGLE PASS LOUISVILLE, KENTUCKY from Bob Sokoler on Vimeo. Immaculate Cape Cod in Audubon Park. Gorgeous Hardwood Flooring throughout most of 1st floor. Enter in the front door into the large living room, which opens to the Dining Room. The Kitchen features a smooth cook top and dishwasher. The formal Dining Room gives access to the Double Deck off Back. The first floor also features a large Master Bedroom, second Bedroom and Full bath. The second floor has a full bath and two additional bedrooms, one currently being used as a family room. Don’t miss the full unfinished basement with laundry and cedar closet or the detached 2-car garage!

Stanley Farm Court from Bob Sokoler on Vimeo.

A Stunning home in much sought after Stonefield Trace, less than 15 minutes from the Summit Shopping center. Greeting you as you enter this brick and stone home are gorgeous hardwood floors. The two-story Foyer leads you past a Formal Dining Room currently being used as a library and then into the 2 story great room. Here you’ll find a corner, stone fireplace with raised hearth and opens to the large Eat-in Gourmet Kitchen! Here the chief or chiefs in your family will have an abundance of maple cabinetry and granite counter tops. There’s a smooth top range, double oven and stainless steel refrigerator. The luxurious, first floor Master Suite features a double trey ceiling, huge walk-in closet and lavish bath with whirlpool tub, separate shower, granite vanity with double bowls and ceramic tiled flooring. On the other side of the first floor there’s an additional Bedroom with a full bath next to it. Ideal for guests or grandparents who can’t walk up steps. The second floor has 3 huge Bedrooms with walk-in closets and a “Jack and Jill” bath. One of the bedrooms has a dormered sitting area and would make a great Play Room/Bonus Room. It’s currently being used as a double office. Don’t miss the finished Lower Level with Media area and Recreation Area. There’s also another room that can be used as an Office, Exercise Room or craft room. The basement also has another Full Bath and an enormous amount of space for storage. This home also features a 3 car garage.

Real Estate Louisville Ky - SARATOGA WOODS (RE/MAX Properties East) from Bob Sokoler on Vimeo.

This gorgeous ranch with a 2 car garage on the top level has a modern, open floor plan and would make a great home for entertaining especially with 3 decks on different levels. The Vaulted Great Room is wired for surround sound and features a ceiling fan and stone fireplace, and opens those 3 decks. The enormous Eat-in Kitchen features an abundance of cabinetry, counter space and smooth top range. Down the hall you’ll find the Luxurious Master Suite which has a trey ceiling with ceiling fan and lavish bath with whirlpool tub, separate shower and double bowl vanity. The two additional bedrooms are both good sized. More on the decks, take a look at these, can’t you just picture yourself having a party out here? The privacy of those trees makes this an amazing home. Downstairs you can’t miss the HUGE walk-out lower level finished with a recreation area, including a wet bar, another fireplace and an extra large full bath that will be a real WOW to guests. This home also features extensive landscaping, security system and is on a corner lot. 

Interest in the Louisville Kentucky Home buying market for February 2008 is up from January 2008 by 13%, but a new problem is putting the brakes on buying a home, FINANCING!  New numbers just released by the Greater Louisville Association of Realtors show the number of homes that went under contract in February 2008 was 1165 compared to 1015 in January 2008. But, the number of homes that actually closed in February 2008 was down 13 % from the January 2008 under contract numbers. All indications are that mortgage companies are taking longer to finance or are refusing to finance loans.  So some homes that go under contract are taking longer to close or don’t close because of financing issues.

 

For months now, we’ve been watching mortgage companies tighten requirements to get a loan. Now we’re seeing hard proof that even lower interest rates won’t help buyers if the mortgage companies won’t grant those potential buyers home loans. The problem stems from several years of home loans being granted to people who did not have the credit history to support those loans. The mortgage industry was looking for the profit without considering the consequences. With so many home loans ending up in foreclosure and the government cracking down on mortgage companies who made those loans, home buyers in 2008 are paying the price for the past mistakes of the mortgage industry.  I actually saw an underwriter reject a loan because the potential buyer signed his name a little differently than the signature they had on record.  The closing attorney had the proper identification of the buyers but that wasn’t enough for the underwriters. The closing process was delayed because of it. We should point out that not all mortgage companies are responsible for the bad loans but all mortgage companies and buyers are now suffering from the crackdown by underwriters.

The number of homes going under contract in February 2008 compared to February 2007 is still down by 3%, but that’s a marked improvement from double digit negative numbers from months before.  As of today homes were averaging 88 days on the market and there are 9976 properties currently for sale in the greater Louisville area.

With the potential of another drop in interest rates coming in March 2008 and a positive feeling in the Louisville Kentucky housing market, Louisville may end up leading the country in a home sales recovery.  Now all we need are those mortgage companies to loosen lending guidelines so that people who are legitimately qualified to get a loan can by a home.