Torrey Smith Realty Co., LLC

Serving Shelby, Henry, Jefferson, Spencer, Franklin, Trimble, and Carroll Counties.

Dynamic Real Estate Website offering local information on property for sale in Shelby, Jefferson, Spencer, Henry, and Franklin Counties in KY.

It's a Seller's Market in Shelby County – the Strongest One I've Seen in Two Decades

When people casually ask me about the real estate market, they're often surprised by what they hear. Nationally, reports are up and down. However, here locally, Shelby County has experienced nothing but up in the last few years and I don't see many signs of it slowing down anytime soon. I've spent nearly two decades in real estate (and another two before that watching my father build a thriving business helping people buy and sell homes) and this current market is unlike any other I've been a part of. And, here's why ...

In recent years, the entry level price range for first time homebuyers was $125,000-$150,000 (see diagram below). In 2016, however, buyers emptied out nearly all the inventory priced at less than $180,000 in Shelby County. As a result, the entry level price range is now between $180,000-$200,000. I can count on both hands how many are currently for sale in that price range (eight, at press time).

2006 Home Sales vs. 2016 Home Sales (Shelby County)

The Shelby County housing market is thriving, but it needs more product to meet that demand. That doesn't mean you can simply put a sign in your yard and your house is sold, however. Sellers who want to make a profit need to have a plan, and our agents here at Torrey Smith Realty know how to execute a plan that professionally positions a home to sell at the right price and within a timeframe that matches homeowners' needs.

We go well beyond simply putting the home on the Multiple Listing Service. Our agents use a strategy that includes details and extras that give additional value in the selling experience, including:
• We know what time of the week is best to list and what information makes the listing more attractive to homebuyers.
• We dig deep into our interview process with sellers to determine closing timelines, possession dates and what they are willing to do to meet buyers' needs.
• We use a professional, in-house photographer to get high-resolution photos of each property (Click here for examples).
• We take drone aerial pictures and videos to offer a bird's eye perspective for buyers.
• We develop a pricing structure that helps avoid appraisal issues.

Drone/Aerial Pic of The Wathen Farm - Currently For Sale for $999,900 (119 Acres w/ House)

While today's market is the strongest seller's market that I've ever experienced in Shelby County during my 19 years in real estate, it's not a sure thing without a plan. I believe that we have the best plan for getting a home sold, and we're excited to continue promoting our region and building our economy by listing new homes that meet the demands of today's buyers and give home sellers the peace of mind in knowing they are entrusting someone who cares and someone who is equipped to help them make a profit and handle all the details in a timely, professional way. Interested in learning more?

Where’s the Heart in Your Home?

Whether you love it or hate it, there’s no denying that Valentine’s Day prompts us all to examine where our hearts lie. Beyond all the chocolate, flowers and sappy cards is a true expression of appreciation and celebration of those we care about. This February, I’m encouraging homeowners who are considering putting their house on the market to celebrate what they love about their current home and to shine a spotlight on it as they prepare it for someone else to enjoy.

Think about what prompted you to buy or build your home in the first place. What was the “love at first sight” quality in your home?  Once you rekindle that appreciation for those special places (even if you’re ready to leave it for a more attractive option), spend some time and attention to make sure those spaces shine for a prospective homeowner. Here are a few suggestions....

  • If you once fell in love with your covered porch front entry, revisit it from a newcomer’s point of view. Freshen up the front door with a seasonal wreath and a fresh coat of paint or stain. Pressure wash and tidy it up and add a new welcome mat. 
  • If the kitchen found its place in your heart, demonstrate that with a vase of freshly cut flowers and a glass container filled with goodies on the counter. Take time to de-clutter, but leave out a rolling pin or a vintage mixer to suggest this is a place where new owners can create their own homemade memories.
  • If the lot is what captured your attention, invest in some professional landscaping to make sure it’s looking its best. Get that front lawn green and lush and hook them with a head-turning first impression of your home’s exterior landscape.
  • Is the hearth your special place? Create a cozy nook next to it to showcase how you have enjoyed it. When our photographer comes, ask him to capture a photo with the fireplace roaring. If it’s a gas fireplace, consider buying an air freshener or candle that smells like the real thing. 
  • Love your windows? Pull up the blinds and get those windows sparkling for photos and showings. See where the light illuminates your home and decorate with something that reflects the natural light.

The best strategy in preparing a home for a quick sale isn’tjust pricing it right – although that’s always good. In today’s market, sellers who take the time and effort to make their homes “lovable” will be able to attract buyers who are a good match for the price point they want to hit. Just like in any relationship, showing your home a little love can go a long way.

CALL TORREY DIRECTLY ON HIS CELL @ 502-417-0910 TODAY!

Alicia Soldat joins Torrey Smith Realty Co. with an enthusiasm to help others embrace Shelby County

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ALICIA SOLDAT, SALES ASSOCIATE

502-655-2991 cell

502-633-0220 office

502-633-2435 fax

alicia@smithclick.com

Alicia Soldat joins Torrey Smith Realty with an enthusiasm to help others embrace the Shelby County community as boldly as she has in the last three years. As a newcomer from North Carolina, she was originally drawn the Shelbyville for its location and its proximity to her husband and his job. However, as she has planted roots, she's realized that it's not just a place that's conveniently located a few miles from the big city, but, rather, it offers a true sense of place and belonging that's unique in today's world. "Not only is Shelbyville a great place to settle because you don't have to deal with traffic or other metropolitan problems, but it offers a diverse menu of resources, industries and quality of life benefits that make it a great place to live and work. That's hard to find. Where I lived in North Carolina, the community was solely supported by the furniture industry, and when that left, it was devastating for the area. I think Shelbyville is well established and offers so many things to enjoy, experience and grow from," she said.

Alicia also values the entrepreneurial synergy brewing within the community. This spring, she's set to earn her bachelor's degree in marketing at the University of Louisville, where she is also minoring in entrepreneurship. She's looking forward to putting those skills to use in her role as an agent at Torrey Smith Realty Company. During her time in Shelbyville, Alicia has gained some valuable insight into the behind-the-scenes aspects of real estate, through experience working at a property management company.

She and her husband, Jacob (and their dogs Larry and Tinkerbell), purchased their first house just shy of two years ago, so the feeling of achieving the American Dream of homeownership is still fresh. "I know how good that felt, and I want to help others experience that by helping them find a home that's perfect for them. Every house is not a home. I want to find the one that's a match for them," she explained. Alicia said she chose Torrey Smith Realty as a place to start that effort because she wanted to work with someone who had a mentorship attitude. "When I first met with Torrey, it was obvious that he was focused on helping others. He and his team of Realtors have a great reputation in the community and I felt like this was a good place to land. Also, he sold my mother-in-law's home in one week, so I knew that he was focused on his clients," she added.

Aside from new home here in Shelby County, Alicia said her heart is at the beach and one day she hopes to start a non-profit organization that would benefit sea life and the waterways. For now, however, her passion is flowing to get her feet wet in the real estate industry and serve the community she's grown to love.

 

Chance to Win a APPLE WATCH on November 3rd!

We're giving away a FREE APPLE WATCH @ Our HOME INVESTMENT SEMINAR

We're giving away a FREE APPLE WATCH @ Our HOME INVESTMENT SEMINAR

We're giving away a FREE APPLE WATCH @ Our HOME INVESTMENT SEMINAR

WHEN:  Thursday, November 3 at 6 PM - 7 PM

WHERE:  The Brick Room @ 533 Main Street, Shelbyville, KY40065

Learn the process of:
*Selling Your Home
*Buying A Home
*Investing in Real Estate (Duplexes/Building Homes)

BONUS FEATURE: Find out how Realtors utilize RPR (Realtors Property Resource) to establish home values, real estate investment analysis, and real estate trends at our Home Buying.

INVESTMENT ANALYSIS

Brock Lisby joins Torrey Smith Realty Co., LLC

I am proud to announce that Brock Lisby has joined our team in Shelbyville.  Brock is young and energetic Realtor who has already made a name for himself in the real estate business.  We're honored to join Brock in his journey to serve home buyers and sellers of Shelby County.

Torrey Smith, Owner

Brock Lisby - 502-656-7445 cell

brock@smithclick

Is Your Realtor® Pricing Your Home High Enough?

As I hit the hot sheet button on my real estate app, I find myself in disbeleif as I notice a listing that is priced 5 to 10% less than the actual market value.  I ask myself why and notice that I have never heard of the listing agent.  I also notice that the agent does not typically operate in our area.  Very frustrated.

We are in the hottest market that I have ever experienced in my 18-year career as a REALTOR®.  When a property is listed below the market value, the real estate market as whole takes a significant hit due to the appraised values of comparable homes.  There is a signifiant risk when choosing a Realtor® without knowledge of the local market.  

I'm not claiming that our pricing strategy at Torrey Smith Realty is always 100% accurate, but we do our best to research other comparable properties, examine cost to rebuild the home, and assess the current supply and demand of competing homes.  As a local real estate company with over 40 years of experience in selling real estate in Shelby County, we don't expect to get every listing on the market.  In fact, when we don't get the listing, we still find comfort when a homeowner hires a competing local and competent real estate brokerage to sell their home.  Most of the time, I can have confidence that the local  Realtor® will have a good sense of value which will help our community in having a stable real estate market.

In summary, before you decide to hire a Realtor® to sell your home, please consider a Realtor w/ LOCAL Shelby County knowledge, experience, and who has a vested interest in our local community.

-Torrey Smith, Local REALTOR®

Click Here to Receive a

QUICK MARKET VALUE for your home.

The Top 5 Secrets to getting the HIGHEST $ for your Home.

We've got the secret ingredients for obtaining the HIGHEST PRICE for your home.

  1. ________________ is the best day of the week to publish your home LIVE on the MLS w/ Torrey Smith Realty Co., LLC.
  2. Publish ___# of photos on over 30 real estate websites.
  3. Send out notifications to over _________ Realtors on the MLS.  (Clue: it's over 3,000)
  4. Create and Boost a strategic _____________ Marketing Plan for your home.
  5. List your Home w/ ________ Smith Realty Co., LLC.

  Call one our Real Estate Professionals for more details.