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Common First Time Buyer Mistakes

Jeff Johnson, REALTOR

1-800-SELL-NOW

Common First-Time Home Buyer Mistakes

1. They don't ask enough questions of their lender and end up missing out on the best deal. Many times a new buyer can be intimidated by the entire process. Often times this will cause them to "clam up". It is our responsibility when representing the buyer to step in and ask questions. I have found that simple observation can cue me to questions the selling agent or sellers about a specific topic. We have all at one time or another had that "deer caught in headlights look", it is my job to step in and ensure that all is clear to my buyer s and myself.



2. They don't act quickly enough to make a decision and someone else buys the house. Even in a challenging market time is of the essence. A delay of a few minutes can make the difference between my buyers getting the house they want and someone else swooping in and getting a great deal. My job is to protect my clients and ensure they get what they want.



3. They don't find the right agent who's willing to help them through the home buying process. The buyer MUST have a comfort level with the agent they choose. Competence and passion are a must for the agent who will be representing you. Don't rely on advertising or self marketing. Ask them to provide you with at least three references and CHECK them!



4. They don't do enough to make their offer look appealing to a seller. The initial offer is paramount in getting the home you want at a fair price. Going in way too low can backfire on a buyer. This is why it is important to know that you definilty want the home your bidding on, then give your best, fair offer.



5. They don't think about resale before they buy. The average first-time buyer only stays in a home for four years. Call a REALTOR and get specifics statistics about resale value in the area, number and percentage of homes on the market and the average number of days on the market. If you make a bid on a home without this information you may be setting yourself up for a headache in the future.

6. They don't call Jeff Johnson or Alan Meyer at 1-800-SELL-NOW and ask for a $500 rebate coupon offer

Tips for Finding the Perfect Neighborhood!

1-800-SELL-NOW Tips for Finding the Perfect Neighborhood Your neighborhood has a big impact on your lifestyle. When I was a college man, I use to drive over to Louisville and dream about living in the “Big City”. Well by about the third or fourth trip to town I had narrowed down my neighborhood preference to two areas. The following steps are provided to assist you with this delightful task! • Is it close to your favorite spots? Make a list of the activities — movies, health club, church, etc. — you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you’re considering to engage in your most common activities. • Check out the school district. This is especially important if you have children, but it also can affect resale value. The Department of Education in your town can probably provide information on test scores, class size, percentage of students who attend college, and special enrichment programs. If you have school-age children, visit schools in the neighborhoods you’re considering. Also, check out www.schoolmatters.com. • Find out if the neighborhood is safe. Ask the police department for neighborhood crime statistics. Consider not only the number of crimes but also the type — such as burglaries or armed robberies — and the trend of increasing or decreasing crime. Also, is crime centered in only one part of the neighborhood, such as near a retail area? • Determine if the neighborhood is economically stable. Check with your local city economic development office to see if income and property values in the neighborhood are stable or rising. What is the percentage of homes to apartments? Apartments don’t necessarily diminish value, but do mean a more transient population. Do you see vacant businesses or homes that have been for sale for months? • See if you’ll make money. Ask a local REALTOR® or call the local REALTOR® association to get information about price appreciation in the neighborhood. Although past performance is no guarantee of future results, this information may give you a sense of how good of an investment your home will be. A REALTOR® or the government planning agency also may be able to tell you about planned developments or other changes in the neighborhood — like a new school or highway — that might affect value. • Make personal observations. Once you’ve narrowed your focus to two or three neighborhoods, go there and walk around. Are homes tidy and well maintained? Are streets quiet? How does it feel? Pick a warm day if you can and chat with people working or playing outside. I hope you find these tips helpful. I would be delighted to give you and your family a tour of any of the lovely neighborhoods that make up the entire Metro Louisville area.

Some more reasons now is a good time to buy!

Why are seasoned real estate and banking professionals in agreement that NOW is the time to purchase a home?

  1. The interest rates are very competitive. There is money in the system to loan and there are still many options to help qualified buyers purchase the home of their dreams.
  2. There is a strong and healthy real estate market right here in Metro Louisville. Homes are selling every single day!!! There are currently over 10,000 homes listed on the Multiple Listing Service therefore there is a home for everyones taste.
  3. Real Estate is still one of the strongest and safest forms of investing. Land is a finite commodity...there is only so much to go around and that's ALL there is. Demand will always be there.
  4. The Johnson & Meyer Team is offering $500 rebate coupon to all who ask for one. This is not a gimmick it is a fact. Real Estate and Louisville has been good to us and we believe in the Golden Rule, we love to give back to our community
  5. We have acquired exclusive rights to 1-800-Sell-Now in Louisville Kentucky. We receive calls everyday from folks who are looking to sell or buy homes immediately. The Johnson & Meyer team has developed a "fast track" system to make your real estate dreams come true. Simply put you give us a job to do....we do it!

If you are wanting to buy or sell, quickly and with percision accuratcey call Jeff Johnson today at 1-800-SELL-NOW

Jeff Johnson secures exclusive rights to 1-800-SELL-NOW in Jefferson County Kentucky

The Johnson & Meyer team is so excited to have secured exclusive rights to 1-800-SELL-NOW. Time is Money!!! Call us and let us assist you in reaching your real estate goals.

Jeff Johnson your fast-track REALTOR!

Louisville, Kentucky home sellers have a new number to call to sell their house NOW. 1-800-SELL-NOW.

1-800-SELL-NOW, which matches real estate professionals across the country to motivated home sellers, today announced that it expanded into the Louisville, Kentucky real estate market by awarding exclusive licensing rights in Jefferson county.

"We're pleased to have Jeff Johnson to join the 1-800-SELL-NOW program. We know that Jeff and his team will be valuable assets to the Louisville area home sellers," said Kent Clothier, president and CEO of 1-800-SELL-NOW.

Home sellers in the Louisville, Kentucky area can be connected directly with Jeff's office by calling 1-800-SELL-NOW or visiting
http://www.1800sellnow.com/jefferson.html.

1-800-SELL-NOW is currently seeking new license holders throughout the state of Kentucky - including the Lexington and Owensboro areas.

For more information, please visit
http://www.1800sellnow.com/register.html or email sales@1800sellnow.com

Louisville, Kentucky area home sellers that want to sell their real estate property can call 1-800-SELL-NOW or visit us online at
http://www.1800sellnow.com/jefferson.html to sell their house now.

Do statistics matter?

IS IT HALF FULL OR HALF EMPTY?

In the real estate market it is more important than ever to be current with the statistics, doing so prepares us for turns, dips or curves that come along. I remember in my "past life" when working as a consultant for major health-care organizations, we stayed ahead of the curve by making our plans using statistics as a bell-weather.

The Greater Louisville Association of Realtors statistics are telling us that NOW is the time to be IN the market. If we believed everything we hear and see on the news it's time to crawl in a hole and do nothing!!!! PLEASE don't listen, now is the time to position yourself to cash in when the market shifts again!

Why do I feel this way, well let's look at the statistics;

•1. In October we can see that in regard to the houses that sold the Average Day's on the Market were just 78. This is significant because of the reduction from the month before. This tells us that the houses that are priced correctly are not sitting on the market AND people are getting the loans to buy! Along the same lines the current average days to close in the Greater Louisville Area is just 35!

•2. The total inventory of homes currently on the market in the GLAR is just over 10,200, this is down from a high a couple of months ago of almost 11,000. This is a good sign for both buyers and sellers. With a smaller inventory of homes on the market buyers can refocus on the exact specifications of the homes they want and sellers do not have as many homes to compete with for buyers. This statistic is yet another sign that loans are being given and people are buying homes.

•3. When comparing the homes sold in October of 07 to the homes sold October of 08, we see that in the GLAR homes are selling for approximately $92 /SF. This is over 95% of the total from 07. This looks pretty stable to me!

If you would like additional information about the statics relative to the homes in certain area's or neighborhoods please give me a call today. The stats are hot off the presses and I am encouraging my buyers and sellers to strike while the iron is hot.

Call me today at 502-551-4295 or Alan Meyer at 502-609-3014 and lets chat!

Continued Bliss!