Lowes Realtor Program

I have teamed up with Lowe's to better service my clients and give them an upper hand against all others in the housing market. All my clients and future clients are eligible to receive discount coupons to the best home improvement store in town. Plus you will receive great ideas on how to improve your homes value by updating or upgrading its appearance. These days homes for sale must be in top notch condition in order to get top dollar. Now its a little easier on the wallet to get your house ready for the market and get a leg up on your competition.

Affordable Housing near UofL

Just a couple of weeks ago I was able to get an accepted contract on a home for a professors assistant and graduate student at UofL. The house is just a block away from campus and the mortgage on the place is going to end up being less the $400 a month. Its an incredible deal on a house that has recently been totally refinished. Plus it beats renting hands down.

ELP

I just applied to be an Endorsed Local Provider of the Dave Ramsey Show. I would really love to be associated with Dave. I think that following his simple programs can change peoples life's and I would love to be apart of that!!

3 Lake Houses for under $55,000!!

With the weather warming up my mind keeps slipping away from work to the water. I know this will not be the first post about lake houses on here but it just blows my mind how affordable they are. I was able to find three houses within a two hour drive from Louisville, the first one is only $16,900.

Click the link to view Listing Info Below Including Listing Office:

http://mikefogle.com/property-search/detail/3/1242697/

This next one seems very nice, its one Rough River Lake and has a boat dock its got a rustic cabin look to it almost like a hunting cabin. But again its really afordable and could be tons of fun!

Click the link to view listing Info below including Listing office:

http://mikefogle.com/property-search/detail/3/1136900/

The last one looks like it could be a personal full time residence. It has a big one Acre lot a two car attached garage to store your boat and an extra bedroom to have me over. This ones my favorite!

Click the Link to view listing info including listing office:

http://mikefogle.com/property-search/detail/3/1263027/

Not a Sleazy Sales Person.

Have you ever meet with a sales person and after a few minutes of dialogue one of the first questions the sales person usually ask is "what is your price range?" Then you tell them your price range and they take you to the most expensive item in your price range. Or sometimes they take you to something just a little bit higher than your price range and try to squeeze just a little more cash out of you. Its happened to me before and I hate it.

As a good highly ethical Real Estate Sales person I always try to surpass my clients needs at or below the lower end of their price range. I do this because I don't only want this piece of business they have currently entrusted me with but I want their business for life.

Recently I was working with a first time home buyer who wanted a 2 bedroom home and had a price range 0f $100,000 to $150,000. After spending some time with him in my car a learned he needed two bedrooms so that he could get a roommate to keep expenses down. So I began to search for a home that would give him half of the expenses and eliminate the need for a roommate. I was able to find him the perfect home for him for just $44,500 the home not only met his needs but it exceeded his expectations!

Financal Tip

In the summer of 2007 I made a really stupid stubborn decision and bought a brand new car. Its a Ford Fusion which is a great car but now its worth less than I owe on it after paying on it for a few years. What I should have done is what my wife did and bought a used car. The most expensive miles you put on a car are the first 20,000 had I known that I would have bought a newer used car and would have been in a lot better situation than I am now. Then I could have had the car payed off by now and can be putting the extra money down on my house payment. But I didn't and now I have an expensive lesson that I can share with all of you all and maybe you can learn from my mistakes. This mistake wont brake me by any means but I would be progressing financially a little faster if I had went with a used car.

15 Year Mortgage VS 30 Year

I have lately developed a big man crush on Dave Ramsey. If your not familiar with Dave Ramsey he's the guy that cuts up credit cards and teaches people to get out of debt. The only debt that he thinks is okay is a home mortgage and he recommends putting at least 10% down and getting a 15 year mortgage. Most of my clients get a FHA loan and only put down 3.5% although its not ideal they do get a great interest rate and are able to take advantage of the current Real Estate market and get a great deal on their very own home.

If your in this position and you have a 30 year loan that you would like to nix. I would recommend paying extra payments or pay a little extra on each payment and pay it off quickly. Just making a little extra on your payment each month will knock years off your loan. When you do this make sure that you write out a separate check and put in the memo towards principle. If you don't do this the bankers will apply it towards the interest on the loan and you would have basically wasted the money.