Steve Ames, Realtor

01/11/2024

Open Sunday 2-4 with HUGE price improvement. A slow real estate Jan is going to get someone a great deal! Comps in the neighborhood are in the high 280's and this one is priced WELL below that! Come see me and please share!! United Real Estate Louisville

This 1550 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 5207 Fisherman Ct, Louisville, KY.

06/15/2022

Real estate WONT go on sale during this interest rate frenzy, it WILL maintain value however. WHy? Because we have still UNDERBUILT for over 14 yrs now. Last year was the first time since 2008 we broke even on units built vs demand. We DO however have an increase in inventory due to buyers backing off due to the rates (averaging 15-1600 units on SFR on MLS now as compared to 900 or so last yr). SO! You may need to BUY, take the hit over the next yr on payments, then REFI when they crash (and the rates will crash to pandemic levels mostly because the Fed will, as usual, be several months behind on adjustments, but I digress) and THEN you will realize the sweet deal you got on a property. Multi-family (think passive income, retirement wealth) will be where you can benefit the most by using the fast rise in your homes value/equity position to use as a down payment on these properties. You'll break even in the short term, but will be in a very good position when the recovery happens in the next yr or 2. (502)419-7674 Text or call if you have any questions United Real Estate Louisville

12/01/2021

Here's a fun fact: Did you know EVERY real estate sale is CASH? So when you see WILL PAY CASH FOR YOUR HOME, understand you don't walk out with non taxable CASH, it's reported. It has to be, it's Federal Law. AND, the person BUYING usually doesn't have CASH, BUT (!) is using a legal tactic called an ASSIGNMENT. What is that? The short version is they get you to take FAR LESS than market value, and SELL THE SAME DAY with DUAL CLOSINGS (all under the guise of "saving you commissions", I mean you don't need a Realtor with their code of ethics, and publicly licensure? Right? Even some of them are grotesquely curbing this, but I digress) without ever paying CASH, But simply selling to an investor who is using EQUITY (because a good investor NEVER uses CASH when they can and should leverage assets to lower financial liability and cash outlay to finance a project) and that investor is simply on their email list.
It's legal, (or title companies wouldn't do it, no problems with them, it's good business) but know what it is before you get hooked on CASH and lose CASH that mom or dad left as your inheritance for your benefit.
Real estate is UP and these folks (yes, sometimes its Realtors doing it even though we are legally required to look out for the publics interest by way of being licensed) are profiting HUGE on this "CASH" bait and switch.
(Nearly all of the Realtors I know are NOT doing this, but are professionals that are legally required to have continuing education every year [just finished my law portion yesterday] members of an awesome local board [GLAR] and have the publics best interest in mind as our license requires, so we are highly regulated)
Call me (or one that you know and trust)if you want to know more for FREE. Doesn't mean you have to list with us, but the information may protect what grandma, or what mom or dad left you for your benefit

09/21/2021

Just a little market insight right now. This may be more of a blog type post, but hopefully some good information. As you know, real estate is local, that is we can watch things nationally, but its really whats called "homogenous" (Meaning no 2 properties are alike), People will live where they work, and feel the most secure while realizing a steady appreciation in value and equity (that is, its value goes up while its being paid down). That being said, we are at the beginning of the slow down, and earlier than what I thought would happen locally. We averaged about 800 homes in Jan on our local MLS system (Louisville and surrounding counties), and were consistent until mid August with around 1100 homes on the market.....We are now double that...and climbing.....Our market has been driven by flippers (some good, alot bad) Assigners (people that bought a home, and then had dual closings making a nice profit without spending a dime...... text, call or email if you want to know more about that, not a fan because they take advantage of people with over the top jargon and, really, bu****it about their knowledge of the market, but I digress). So, where are we now? 2200 homes on the market today. Oh no!!!?? Oh yes!!!! This is a good thing, as we need to be at around 4000 for a HEALTHY market. One where buyers aren't buying homes without waiving inspection negotiations, or appraisal contingencies. Does that mean your home won't sell? No, good well taken care of homes, priced right will still sell. You will need a skilled agent more than ever however. Doesn't have to be me, but one that has the training and understands the sales contract and more importantly, Agency) Was the sellers market bad? No, we were low for a while on values, we needed to come up. Unfortunately, there will be huge negatives coming out of it (I think in Shelby Park especially, some of the crap that was rehabbed, and flipped were horrible. I know, my dad had me under those homes 40 years ago when he was a local contractor and we lived on Camp St). So here's the thing, it will go on sale, not sure how much of a discount we will see, or even if 2008 will compare to it......no one knows actually......but save your money, real estate has always been a safe place to store it, especially rental property (passive income). Hit me up if you have any questions (502) 419-7674

08/31/2021

Need some help selling this cutie pie! This place is a GREAT buy in the Highlands.....Check out that huge living room, and LARGE backyard! Keller Williams Louisville

07/11/2021

Always a great feeling to get all the details worked out on your sellers home after a busy few days of showings. Multiple offers on this one, and I'm very thankful for the opportunities my job provides in helping my clients and meeting new agents. 1305 Somerhill is now under contract. KW Louisville

07/09/2021

New listing, 1305 Somerhill Place in Anchorage. $775,000. Steve Ames Keller Williams Realty Louisville

06/12/2021

New Listing in Belltown Farms! 6702 Bluffview Keller Williams Louisville

06/09/2021

The Highlands are near and dear to me, and my personal history. This cute converted shotgun is a great example of Highland and Germantown styling. Recently reduced as well!! With appreciations nearing %10 in some areas, you will have equity FAST! Hit me up for a showing (502)419-7674 Keller Williams Louisville