Kyle Wohrle
Kyle Wohrle
ABR, SFR, 5-Star REO
(502) 819-2592 (c)

kyle@kylewohrle.com

Southern Indiana and Louisville Real Estate Blog by Kyle Wohrle, Realtor

How to Organize your Fridge

An open refrigerator

How to Organize Your Refrigerator

Leftovers gobbling up space in your refrigerator? Here are some tips for keeping things organized, efficient, and tasty. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®...

Tips for buying investment properties in a HOT market

The real estate markets are improving as the foreclosures decline and buyer confidence increases. These make for tough times for the property investor looking for his/her next flip. Here are some tips to make investor offers stand out from the crowd:

  1. Use cash and have a proof of funds statement, no older than 30 days, readily available. 
  2. Waive your inspections. There is greater risk BUT when all other factors are the same, a buyer will choose the contingency free offer.
  3. Be willing to close FAST.
  4. Keep your offer clean. No contingencies and make it a simple "as-is" purchase.
  5. If purchasing an REO (Bank Owned Property) or shortsale then work with an agent who specializes in that market. These transactions can be night and day different from traditional deals and require more knowledge and care.
  6. Don't work with multiple real estate agents. Find an agent you trust and ask them to be on your team. A good agent will be able to connect you with reputable title companies, lenders, and contractors.

If you are in the market for an investment property, then call the Kyle Wohrle team 502-819-2592. We specialize in REO, foreclosures, and shortsale transactions in Southern Indiana and Louisville Kentucky.

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Berm houses and why they're AWESOME

Berm homes are truly a rare gem and are often misunderstood. People typically think of "cave" homes that are dark and dank. However, this couldn't further from the truth! Modern berm homes are constructed in ways that allow lots of natural light, have plenty of living space, full size windows in every room, and provide superior energy efficiency. 

The berm home is easily identified because of the unique exterior appearance. It looks like a ranch home that's been nestled into the side of a hill.  The exposed front of the house, usually faces south, allows the sun to light and heat the interior. This berm, currently listed for sale, can be found in the beautiful town of Palmyra. The serene setting provides the ultimate "get-away" from the hustle and bustle of city life. 

.Berm Home Listed by Kyle Wohrle

Berms have many benefits:

  • Save up to 80% in heating and cooling costs
  • Lower maintenance 
  • Safety from storms and tornadoes 
  • Comfortable interior climate year round

Financing options are available for berm homes thru local credit unions, regional banks, USDA, and FHA. Interested in a berm, give me a call and lets talk.

-Kyle Wohrle

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Foreclosures - Not Always the Best Choice for 1st Time Buyers

I’ve been marketing and selling foreclosured homes for almost 10 years in the Southern Indiana and Louisville Kentucky region and I’ve seen some amazing deals and buyer opportunities. However, buying a foreclosed property is not for the faint of heart. Buyers need to work with a Realtor® who’s experienced with foreclosures (and not just a Realtor® who has sold a few here and there). 

First and foremost, BUYER BEWARE when purchasing a foreclosed home. The bank who owns the property doesn’t conduct inspections or do a title search beforehand and seldomly know of any underlying defects.  In many jurisdictions, the bank doesn’t legally have to complete a seller’s disclosure.  Anyone looking to buy a foreclosed home is highly encouraged to have a 3rd party home inspection and should also buy owners title insurance.

I often get phone calls from first time buyers who are seeking a “great deal”. They’re armed with information from late night TV shows, friends, and family members that foreclosures sell for pennies on the dollar. The truth….foreclosures do typically sell below market value, but not at the deep discounts portrayed on TV. Banks initially list a home based on a recent appraisal and/or a Broker Price Opinion which takes into consideration the current condition of the property, the current market penetration, over supply/demand for the neighborhood, and the area unemployment rates. Property that is undervalued at the initial listing is often bid up by multiple offers and will sell above list price.

Securing a loan on many foreclosed homes is a challenge because the property has deferred maintenance. FHA, VA, and USDA loans require the home to be in good, maintained condition with utilities active. Conventional loans insured thru Fannie Mae and Freddie Mac is slightly less strict on condition but will require a significantly higher down payment to qualify....

Hillcrest Ave, Louisville, KY - A Haunted Adventure

Every Halloween season, the residents of Hillcrest Avenue in the Crescent Hill Neighborhood of Louisville Kentucky create a "spook-tacular" display of Halloween decorations. You'll find all sorts of fun themes from zombies, ghosts, aliens and UFO's, to Charlie Brown. Drive down one evening, park for free, and take a fun stroll. You won't be sorry.

Hillcrest Ave

Hillcrest Ave

Want to be a part of this wonderful neighborhood? Click here to see all the wonderful Crescent Hill homes currently listed for sale.

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Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your  thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.

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Kyle Wohrle
ABR, SFR, 5-Star REO (502) 819-2592 (c)

kyle@kylewohrle.com