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10 Hidden Hazards When Buying Foreclosed Homes

Post republished with permission from Whitefence Savings - http://savings.whitefence.com

Buying a foreclosed home can seem like a dream. What could be better than getting a home for a fraction of the market value? Some may even say that the deals sound like they could be too good to be true. In some cases, those doubters aren't too far off the mark. There are some hidden dangers in buying foreclosure properties that, if you're not aware of them, could be disheartening and disappointing. If you are pursuing this route in buying your new home, be sure to look out for these hazards and hidden costs. Read more.

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Record Louisville Home Sales in July

July was a record month for home sales in Louisville as 1,102 properties were sold. This is a 13-percent gain over last month and a whopping 29.5-percent increase over July, 2012.

The total number of homes sold is also the highest since June, 2007. Wow.

Heading into the new year, I think most experts thought 2013 was going to see improvement in the Louisville real estate market. I’m not sure many predicted this kind of success.

What we saw during June was very encouraging, especially the rise in home values. That kind of spike was very dramatic and also quite rare. Read more.

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Simple Steps To Prepare For A Natural Disaster

Guest post by Angelo DiGangi of Home Depot

Residents of the mid-Atlantic and Gulf coasts are fluent in hurricane preparation. Cities and towns along major rivers are well-versed on flooding, and those living in Oklahoma know a thing or two about tornadoes. But Superstorm Sandy's attack on the northeast last year proved that no region is safe from a natural disaster, despite past natural trends.

Unlike hurricanes, some natural events – like earthquakes and tornadoes – give little notice before striking; however, in all cases, it is possible to emerge from a disaster more quickly and easily with proper preparation.

Following are basic steps that homeowners can take to prepare for a natural disaster.

Prepare to Be Powerless 
You never realize how dependent you are on electricity until you are without it. Power outages happen frequently and can be caused by seemingly insignificant events, like innocent summer storms, although larger scale catastrophes can leave the power out for days and even weeks. Whether you live in an apartment or on an estate, it pays to prepare for when the power to goes out.

  • Consider candles: Candles are compact, easy to store, and may provide the light you need during a power outage. You will be able to find your way around your home, complete any necessary tasks, and even read the kids a book to calm them while the storm passes. Remember that you will need a flame to light the candles, so store matches or a lighter where you keep them.
  • Flashlights and Headlamps: Similar to candles, flashlights will allow you to navigate a pitch-black house with ease. The benefit here, though, is that flashlights won't blow out, particularly if you need light to secure a busted window or venture into the basement to pump out any water that may be leaking. Keep a cache of batteries, and if you are entering the time of year...

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