Brett's Real Estate News & MLS Deals 7/2/2020
Hard Money Opportunity - Borrower is offering 12% to 14% and needs $240,000 for a term of 6 to 7 months on a residential property. This is for a 1st position on a residential property.
Property Value is $360,000
Loan Amount is $240,000 which is 67% loan to value
Term is 6 to 7 months
Located parkside of Bardstown Rd. near Cherokee Triangle
If you are interested contact Glen via text at (502) 727-5879. If you want a quick independent review of the value of the property feel free to contact Brett via text or voice @ (502) 442-2277 and I'll send you the comparables and computerized valuations.
Residential inventory is tight. Our local MLS had 566 new (residential) listings and 136 coming back on the market for a total supply of 702 properties for the week. 261 properties went under contract pending inspections and another 565 properties cleared inspections and went pending for a total of 826 properties under contract. Another 607 properties closed this week.
Below are the tallies for the counties of Jefferson, Bullitt, Oldham, Shelby, & Spencer counties.
New Listings Week of 6/24 to 7/1 2017 2018 2019 2020
1 Week Single Family Listings 515 491 578 466
1 Week Multi-Family Listings 6 12 8 11
1 Week Rental Listings 21 33 29 26
Brett's Favorite MLS Searches (all active listings)
Note: All MLS links expire in 30 days.
Disclaimer: Do not construe any information herein as investment advice. It is not not advice. Investment advice should include marketing times, competitive listing analysis, among other considerations.