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RE/MAX Properties East Louisville Real Estate Blog

Things That Can Go Wrong in a Real Estate Transaction

It is the wise client that prepares for problems before they happen! For this reason, we would like to share with you some of the things that can go wrong during a real estate transaction. Since no transaction is closed until it is closed, the folowing are potential road blocks. We have also given you a delay of closing estimate next to each problem. The ones with asterisks (*) are potential deal killers. Here we go!

Things that go wrong with the . . . 

LENDER . . .  Approx.  Delay 

1.Lender does not properly pre-qualify borrower ....  2 weeks to*
2.Lender decides last minute they don’t like borrower ....  2 weeks to*
3.Lender decides last minute they don’t like the property ....  2 weeks to*
4.Lender wants property repaired or cleaned prior to closing ....  1 - 3 weeks
5.Lender raises rates, points or costs ....  2 weeks to*
6.Borrower does not qualify because of a late addition of info ....  2 weeks to*
7.Lender requires, last minute, a reappraisal ....  2 weeks
8.The borrower does not like the fine print in the loan
documents they receive 3 days before closing ....  3 days to*
9.Lender loses file ....  1 - 3 weeks
10.Lender does not simultaneously ask for info from buyer,
they ask for info in bits and pieces ....  1 - 4 weeks

COOPERATING AGENT . . . 

1.Won’t return phone calls ....  1 - 3 weeks
2.Transfers to another office ....  1 week
3.Did not pre-qualify the client for motivation ....  2 weeks to*
4.Goes on vacation, leaves no one to handle file ....  1 - 4 weeks
5.Does not understand or lacks experience in Real Estate...

How Pre-Packing Your Home Can Help it Sell

Spring is just around the corner! Before you know it For Sale signs will be popping up left and right. How can you make sure that your home stands out among the hundreds and thousands of others? The RE/MAX "Fit to Sell" series is here to help! Today we are discussing the topic of the most recent video in the series, pre-packing your home. 

Pre-packing can serve multiple purposes. Not only is it nice to get a jump start on packing for moving day, but it helps with the sale of your home. By pre-packing you can help a buyer visualize themselves in your home.

Some of the items to consider pre-packing are: 

  • Personal items such as photos, nicknacks, children's art, etc. 
  • Anything that you have in storage areas. Storage is almost always at the top of a buyer's list so if you can show the buyer how much storage you have, that's a plus.
  • Any items that aren't used regularly should be pre-packed. 

Check out the full video below from the RE/MAX Fit to Sell series. 

...

If I Start Spring Cleaning, Will Spring PLEASE Come NOW?!

Ok, is anyone else through with this weather?! I can appreciate lots of snow with the best of them, but this is just ridiculous. Poor school kids are going to have a three day summer vacation by the time they make up all of the snow days they've had. Not to mention the FREEZING cold temperatures!! We are in Kentucky, not North Dakota, I think Mother Nature needs to brush up on her geography a little bit. 

This morning as I was dreading getting out of my cozy bed, I started thinking about spring. It's only 38 days away! That seems so close...yet so far! One of my favorite days of the year is that first warm, sunny day when you can drive with your window down. Wind in your hair, sun on your face, arm out the window, singing your favorite song that you may or may not be playing just a little too loudly. Ah, does life get any better? Another exciting thing about springtime (some may not agree with this one..) is spring cleaning! Ok, ok, I know it's not the most exciting thing to do,  BUT just like working out, when it's all over it was so worth it! Who doesn't love a clean house? I'll be the first one to admit that over the years I have majorly slacked off in the spring cleaning department, but this year I have my game face on! I am going to scrub, and dust, and organize my house until every little nook and cranny is pristine! Who's with me?! 

Obviously since this is indeed my first rodeo, I need a little guidence. I am going to post a great room to room checklist I found on imperfecthomemaking.com, but first I want to share with you her extra tips that were really helpful! 

  • Set aside at least a week for a thorough spring cleaning. Work from one end of your house to the other.
  • Plan some easy meals for the days you will spend cleaning.  Consider using your slow cooker.  A crockpot full of stew at the end of a day of intense cleaning is a beautiful...

Are You Sold on Louisville Yet?

When I was younger I couldn’t wait to get out of this city. To me, Louisville was boring and ugly…and who wants to say they’re from Kentucky?! As I got older, I began to truly appreciate the beauty and character of this place I call home. Over the past 10 or 15 years, Louisville has blossomed into not only a city that people want to visit, but a city that people love.

Everyone knows about the little pony race we have on the first Saturday in May, and everyone knows that we are home to the Louisville Slugger and heavy weight boxing champion Muhammad Ali. I would even venture to say that most know that the majority of the world’s bourbon comes from our great state. However, there are a few things I bet most people DON’T know about us….

  • Louisville was named “Top Travel Destination 2013” by Lonely Planet. We have also been in the top ten “Best Cities for Familes” and “Tastiest Towns in the South.”
  • Kentucky has over 120 parks and is home to the nation’s largest urban forest.
  • We have produced some pretty famous people….Diane Sawyer, Jennifer Lawrence, and Tom Cruise to name a few.
  • Louisville hosts the nation’s largest fireworks show (2nd largest in the world), over 60 tons of firework shells are used each year during Thunder Over Louisville.
  • Our local delicacy is the Hot Brown. An open faced turkey and bacon sandwich covered in cheese sauce and invented at the Brown Hotel. (YUM!!)
  • Old Louisville is the largest Victorian neighborhood in America.
  • On Memorial Day Weekend, we host the largest annual Beatles festival in the world.
  • The cheeseburger and Benedictine were both invented in Louisville.
  • Oh, and 90% of the nation’s disco balls are made here.

Bourbon and disco balls…does it get any better?! I think not. Check out...