Page 27 - How To Buy A Home In Louisville

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Making An Offer (Continued)

Kentucky home sellers are not like California, New York, Washington D.C., and Chicago sellers. They don’t exuber-
antly mark up their home expecting to double their money in two years. Our market has been steady for 20 years,
not up and down. The average appreciation is 4%-6% a year. Appraisers prevent sellers from over pricing homes
because lenders can’t lend money if the appraiser tells the lender that it’s not worth the price.

The River Valley Realty Group - How to Buy a Home in Louisville, Kentucky 25