As an appraiser, I see a lot of houses. Some people are very organized and have a list ready for me on all of the renovations and repairs they’ve completed since they owned the home. It can included names of contractors, prices, receipts and quotes, warranties, etc.. I have even Read more…
As a commercial real estate appraiser, I talk to commercial real estate developers, brokers, property owners and other appraisers. Generally, I hear about most development before its announced to the public. Also, we conduct daily research on new land sales, which always gives us a clue on new development. For Read more…
In the recent National Housing Forecast for 2017 by Realtor.com, Joe Kirchner made a number of predictions. Millennials and baby boomers will dominate the market for the next 10 years. I completely agree, as the staggering numbers of Americans hitting 65 continues year after year, the type of housing they Read more…
Our firm provides appraisals for commercial real estate in Louisville and southern Indiana. Recently, Louisville’s highway system dramatically changed with the opening of two new bridges: Lewis & Clark Bridge and Abraham Lincoln Bridge. The bridges alter the main linkages for car and truck traffic in the city by allowing Read more…
Our firm appraises farms in Kentucky and southern Indiana. Our focus is generally on smaller family farms. Recently I inspected a farm in Spencer County outside of Taylorsville, Kentucky and saw this cabin. It’s a late 1800’s log cabin with asbestos siding, which became popular as an exterior sheathing from Read more…
Inventory of single-family homes is a big issue in Louisville. No inventory for buyers simply means they have to go elsewhere for housing. Apartments are the natural choice in that situation. Here’s an example. In January 2015, in Area 6 in Louisville, which is outside the Watterson between Bardstown Road Read more…
In an article by Bonnie Sinnock on 1/9/2017, there was mention of 21-day closing times. I’ve also been seeing commercials for RocketMortgage, which is QuickenLoans new product. Their promise is for instant approval and ‘rocket-fast’ closing on your refinance or purchase. Obviously, market research has shown that borrowers don’t want Read more…