Sell Someone Else’s House? Get Sent to the Big House
Dec 29, 2006 Residential
Marilyn Rainey attempted to sell the house at 2411 Longest Avenue. To say “attempted” is only partially right as she completed the purchase agreement with a buyer for $294,567.
Of course, the house wasn’t hers to sell and she’ll likely go to jail. While humorous, this underscores the importance of title insurance. In our increasingly deceptive society, insurance for more and more types of practices or possessions is becoming mandatory. That and a good real estate agent.
Update: Looks like they’ve done this kind of thing before.
When Regis Calls, Answer
Dec 22, 2006 News
Louisville Realtor Ashley Holloway won the Live with Regis and Kelly trivia contest yesterday and will being taking a trip to Barbados. Nice job Ashley!
Wealthiest Understand Real Esate’s Role in Investing
Dec 21, 2006 Commercial, Trends/Statistics
Liz Pulliam Weston tells us in 5 Lessons the Rich Can Teach You that:
Homeownership is almost universal among those in the top 10% of net worth: 95.8%, according to the Fed, compared to 67.7% overall. About 40% of the highest-net-worth group own some kind of real estate such as rental property or a second home, compared to 11% overall.
All good investors know that diversification is essential. If Real Estate is not part of your overall investment portfolio, you could be missing out. But talk to an expert before purchasing any investment property.
Shively Center Upgrades Dixie Commercial
Dec 20, 2006 Commercial
Not that there’s any shortage of commercial outlets on Dixie Highway, but the new owners of Shively Center are planning some improvements that would make it notch above its competition in that area.
Tagline Conundrum
Dec 20, 2006 Marketing
When considering a new tagline, sometimes you just have to push the envelope.
We know where you live.
That’s the tagline for Alhouse King Realty and it’s not just a risky move, it’s borderline criminal.
Louisville Business Expanding, According to Fed
Dec 14, 2006 Trends/Statistics
Louisville is part of the Fed’s 8th district, which according to the Fed’s “Beige Book” says:
This district overall showed modestly expanded economic activity. Manufacturing, service and retail reports were positive, but residential and commercial real estate conditions varied.
Louisville #1 Big City for People Relocating
Dec 14, 2006 Residential
According to Worldwide ERC, Louisville has been determined to be the #1 large city for people looking to relocate. The 2006 Report (.pdf) published by the group has Nashville in the top spot and Louisville at #18 so I’m not sure which is which, but it’s good to be one of the leaders.
