Things to Do When You Decide to Buy a Home in Southern Indiana, Louisville, KY
Yes you need to buy a home to create an asset for your family in a location like Southern Indiana, Louisville, KY. Yes it is now easier than ever to make a move in this direction with low mortgage rates and more than ready lenders to help you financially. Buying a home is the biggest financial decision of your life. It is very hard to be fully prepared at the time of buying. But there are many important things you need to know before buying a home.
Check and Improve Your Credit Score
There is no need to worry if you have a decent credit score but the first thing you need to do is to try and fix your credit score if it is below the qualifying mark. Most lenders look at the credit history of the applicant to arrive at a decision regarding disbursing mortgage loan. Invest some time to rectify the score if you think your application can be rejected by the lenders.
Start Saving to Pay the Down Payment
All banks expect the applicant to put forward 10-15% of the total value of the property in the form of down payment as they provide assistance to pay the rest of the amount for buying the house. They insist upon this down payment to involve the applicant emotionally and financially in this transaction. As the prices of homes are in excess of hundred thousand dollars, you need to save at least a thousand dollars per month to have sufficient money in your account when you apply for mortgage. ...
Renting vs. Buying a Home in Southern Indiana, Louisville, KY
If you are living in a rented house in Southern Indiana, Louisville, KY with your spouse and kids, you must have thought about buying a home. It is a thought that crosses the minds of all men and women who have more or less settled into their careers and earning a steady income every month. Easy availability of fund from banks at low interest rates has allowed many individuals to buy homes by paying in monthly installments. You can never have a property in your name if you continue to live in rented homes. In fact, it is the prospect of owning a home in the same amount being paid as rent that is very alluring for the homebuyers.
Buying through mortgage allows for creation of hard asset
You can think of buying a $300,000 home in Southern Indiana, Louisville, KY with just a fraction of this amount in your bank account. Even this small payment is asked by lenders from the borrowers to make sure they have a stake in the property and remain committed to their repayment obligations. You pay the rest of the amount in easy monthly installments that are more or less equal to your rent. You get to live in your new home and the mortgage arrangement allows you to create a hard asset in your name.
Buying a home creates wealth for you
Future of Real Estate in the Country
There are hundreds of economic activities and real estate is just one of them. But it is nothing like any of the other activities in the sense that it is perennial in nature and serves a mode of investment. Like all other businesses, real estate has changed dramatically in the last few decades and it has become technology savvy and also easier for common people. But no one is sure as to what will be the shape and nature of real estate in the future.
The last decade or so have been full of unprecedented events in the real estate market. We have seen dramatic rise in property prices coupled with lowering of mortgage rates followed by a crash leading to the bursting of the housing bubble. The country witnessed very strict norms for lending for homebuyers from the banks and then a slow but steady recovery of prices back to what they were before the crash. Present conditions are rosy for the real estate market and they do not look like changing too much even if interest rates go up slightly. The factors to look at when pondering about real estate future are as follows:
Majority of home buyers would be very young
The biggest age group in America today is that of 23 year old individuals. It represents a population that is ready to take off in its career and dreaming of owning a house. In a couple of years, most of these individuals would marry and settle down. They would start thinking in terms of their own home. This is a very promising scene for the future of real estate. But this is also the age group that banks remain wary of because of loan defaults. The young age of the borrowers might work against...
Purchasing property in Southern Indiana and Louisville is not a quick and short term investment. Buyers need to consider a few important things before writing an offer. In today’s market, there are a lot of matters which demand attention by the buyers. Here are some important questions:
What is the reason for selling the property?
There is always a reason for something, whether it be purchase or sale, therefore when it comes to selling or buying the property, the buyer should analyze the reason of sale. In many instances, an owner is selling in order to purchase another property. Other instances may include, the property owner passing away, changing demographics of a neighborhood, legal problems or a life-style change for the owner. Knowing the reason for the sale of the property could help the buyer during negotiations.
How long has the property been listed?
Listing time tells a lot about the property. For instance, if the property has been listed for more than 6 months, there may be some obvious reasons (priced too high, poor condition, undesirable location or lack of marketing exposure). However, if the property has not been listed very long you may feel more interested in the property because it is considered golden.
Are there any disputes involved?
Another question the buyer may have in mind is the matter of dispute. At times, the houses being sold...
It is the dream of every young man and woman to buy a home in his/her own name. Buying a home in one of the best real estate markets in the U.S. i.e. Southern Indiana, Louisville helps to generate wealth and also proves to be the best investment for the future. By buying a home, you not only arrange a great place for the family to live but also create a hard asset. Buying your dream home is a major financial decision. Here are 4 important tips to help make buying your dream home easier.
1. Know your needs and what you can make do without
This is the golden tip for all first time home buyers when they have saved money in their bank accounts for a down payment. No need to rush to buy the first home you see. Buy a home that you can afford rather than buying a house with features that are redundant.
2. Obtain a pre-approval letter from a mortgage company
Many individuals conduct a search for their dream home without even getting the nod from...
It’s that time of year again when friends and family plan a massive feast they enjoy over laughter, memories and the occasional burp that disrupts the silence. Some people prefer to have Thanksgiving dinner in the comfort of their own homes while others opt for going out and eating dinner at a nice restaurant.
If you’re in New York, you and eight of your friends can head over to the Old Homestead Steakhouse in the Meatpacking District and shell out $45,000 for the most expensive Thanksgiving Day dinner in history.
And what does a $45,000 Thanksgiving Dinner look like?
It looks pretty much like you would expect. It’s got a turkey, stuffing and sourdough bread. Seems pretty simple right? Well, unlike the feast you prepare with your family, this one has some pretty outrageous features and is intended as an “engagement dinner” to propose to a loved one. The feast that costs more than the median annual salary in the U.S. includes two 20-pound turkeys, champagne (your choice of Cristal or Dom Perignon), Royal Ostera Beluga caviar and stuffing made with imported Wagyu beef. Oh, and each meal comes with a two-karat emerald cut diamond engagement ring –hidden in the stuffing.
And then just go over the top with it all.
The $45,000 price tag includes not only dinner, but a slew of over-the-top gifts. The package also includes two grandstand tickets to the annual Macy’s Thanksgiving Day Parade, dancing lessons and “homemade pumpkin ice cream with a $4,200 bottle private reserve rum-infused eggnog sauce, finished with edible 24-carat gold flakes.”
But is a $45,000 Thanksgiving Dinner ever worth it?
To us, we believe it’s about family,...
Louisville and the Kentuckiana area have a lot to offer in the way of food, but sometimes you just want a good old fashioned burger. If you’re looking to find a great burger in Louisville, the journey won’t take too long.
Louisville’s own Courier Journal and thrillest.com recently published what they believe to be the best burgers in Louisville and we’ll point out a few of our favorites. We’ve selected our three favorite locations to help you get your hands on the best burger in Louisville.
Mussle & Burger Bar
Located on Taylorsville Rd., Mussel & Burger Bar boasts an impressive 4.5 Yelp rating with more than two hundred five-star ratings. While thrillist.com points toward the Argentina burger, The Courier Journal’s, Jeff Greer singled out the BBB Burger as his favorite and said the burger “is an undertaking only for the hungriest. It has a fried egg and maple-glazed pork belly on top of an unreal burger patty. So, so filthy and so, so good”
Big Four Burgers + Beer
Big Four Burgers + Beer is the only Indiana restaurant on the list and has certainly earned its place. Big Four Burgers + Beer is located in downtown Jeffersonville and offers an outside deck area that is great to enjoy lunch on a Sunday afternoon.
One of the burgers that stands out is the Big Blue, which is made with ground chuck, bleu cheese, bacon, red onion, lettuce, tomato, spicy pickles and garlic aioli. Big Four also offers amazing crispy sweet potato fries and homemade milkshakes.
Grind Burger Kitchen
Louisville Kentucky is more than just home to the Kentucky Derby and the Louisville Slugger baseball bats. Louisville has become a great place live, work and raise a family. There are more than enough activities to entertain a young family or keep a retired couple having fun. That’s why it’s no surprise Louisville is beginning to make headlines as a great place to live, a great place to work and a great place to buy a home.
Louisville houses one of the nations most in demand neighborhoods
Realtor.com recently released a countrywide analysis and the Louisville 40205 zip code, which includes neighborhoods like the Highlands and Seneca Gardens, came in the top 25.
Evidently when a home in the 40205 zip code goes on the market, it doesn’t stay there for long. “In each top-ranked ZIP code, supply and demand are about five times stronger than the rest of the country,” the report said. “Homes in these communities sell four to nine times faster than the national average, with days on market 45 percent, or 20 days, lower than their respective metropolitan statistical areas.”
Louisville ranked as the 3rd Most Affordable Place to Live
Trulia.com recently released a study that named Louisville the third most affordable place to live. Louisville placed third to Akron and Dayton, Ohio respectively. One of the key reasons Louisville ranked third was because of the amount of middle-class income spent on housing. As of August 2015, 18.2 percent of middle-class income in Louisville was spent on housing. This is a 0.7 percent increase from the year before. Keep in mind, the ...
Memorial Day Weekend is coming up, and there is lots to do in Kentuckiana to celebrate! What’s the best part? These events are inexpensive and family-friendly!
On Memorial Day, we remember all those who fought and died for our country. There will be a Flags4Vets 2015 National Memorial Day Vigil held May 23-25 on the Great Lawn at the Waterfront Park where Floyd Street meets the Ohio River. Volunteers will form the letters “USA” using 15,000 flags from veterans’ graves in honor of all America’s fallen heroes representing the military, law enforcement, and fire fighters. Everyone will begin placing the flags on May 23rd at noon and...