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The Louisville Gaines Real Estate Blog

I Hate That Color!


house, purple trimAs a seasoned Realtor®, I can't tell you how many times I have heard that phrase. I have finally found you that perfect Louisville home...you know, the one that meets all of your requirements. I mean everything you asked for, even the fish pond in the backyard. Yet, you don't want to write a contract. Why? Because you hate the color of the house. I have to spend hours convincing you that this is purely a cosmetic issue.

Oh, yes, this happens all the time. Don't let something cosmetic keep you from purchasing your dream home. Have the home inspected. If the home passes the inspection, or the seller is willing to work with you on the costs of any repairs required by the inspection, buy the paint...or better yet, have it professionally painted! This logic not only applies to the color of the paint, but any other cosmetic issues that can be rectified fairly inexpensively. If it is something major, like replacing the kitchen counter tops with the granite counter tops that you just can't live without, include an allowance for this in your contract. It never hurts to try, especially in today's market.

Today's economy favors the home buyer. This is the perfect time to purchase your dream home. The real estate market is cyclical, and no one can accurately predict how long real estate buyers will have to take advantage of this buyer's market.

Another added bonus of buying at this time is the near record low interest rates. Let's compare the all time low rate to today's rate. At an average of 4.42%, interest rates hit an all time low for a 30-year, fixed rate mortgage for the week ending August 19, 2010. As of today, the current average rate for a 30-year, fixed rate mortgage is 4.61%. This is the lowest average interest rate this year and reflects a minimal rate increase for this time period. How long will this trend last? No one knows.

What a wonderful time to buy your dream home. Take advantage of this buyer's market and near record low interest rates. Happy house hunting, and remember: A coat of paint works wonders!

No matter what your specifications are, Louisville has lots of charm and selection to offer. If you want to know more about living in the Louisville area, call Jessica Gaines. I am your local real estate expert! Don't miss this opportunity for a great buy!


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