Louisville KY Real Estate Blog

How to Eliminate Nicotine/Smoke Stains on Walls

Covering/Concealing Smoke Stains on Interior Walls

When looking for your next home, you may encounter houses where SMOKERS have lived!  This results not only in a yellowish discoloration or walls and ceiling, but a strong odor as well.

If you dn't follow the right procedure to rid your home of these sights and smells, the odor may return as the nicotine stains (and smell) find their way through your new paint.

Here's a great article on eliminating these stains and odors -- forever!  Thanks, Image Works Painting in Pittsburgh, Pennsylvania for this useful post!

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What's the State of the Louisville Housing Market?

The Shelves Are A Little Too Empty

Like most of the country, the Louisville market has lots of demand from potential home buyers.  Consumer confidence is strong, employment statistics are good -- and even though there's a lot of complaining about mortgage rates rising, they are still FAR below long-term averages.  Our "affordability index" is high, with most families with "average incomes" earning over 1.5x what they would need to buy the "average home" in Louisville.  So, it's all good, right?

Well, it's pretty good, but there aren't enough Sellers in the market right now and the supply of homes is low.  There are lots of theories, with the most likely being that many people re-financed into extremely low rates in the past couple of years, and are simply enjoying staying put with low mortgage payments.  Another is that people who want to move are afraid to list because they're not sure they can find a new home.  Of course, the cure for this is for more people to start listing and selling!

The National Association of Realtors states that in a "balanced" market, there is about 5-6 months of housing "inventory" (meaning it would take 5-6 months for Buyers to absorb all the homes if no more were listed).  Anything higher than 5-6 months is a "Buyers' Market", and anything less is a "Sellers' Market".

This is a story of Supply and Demand -- when supply is low and deman is high, prices rise.  That's what we have seen in our market over the past 1-1.5 years, with many listed homes selling almost immediately, with multiple offers, and often over asking price. This means it's a wonderful time to list and sell your home (low days on market and...

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