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Muhammad Ali sucker-punched with mansion [Breaking News]

Muhammad Ali has reportedly filed a lawsuit against the previous owners of his Louisville mansion for an undisclosed amount.

Legendary boxer and Louisville-native Muhammad Ali has reportedly filed a lawsuit against the previous owners of his Louisville mansion. The estate in question was purchased back in 2006 for about $1.9 million and is supposedly used as the boxing champ’s summer home.

Ali and wife Yolanda are citing major issues with the house including: a leaky roof, leaky chimney, mold and a partially defective structure –  the couple is alleging the previous owners had prior knowledge of said issues when selling the property more than 5 years ago.

 

 

Louisville Spotlight: Tre Pryor, a trustworthy realtor [Technology]

Google “top agents Louisville” and see what you find. So, how does someone go from being a relatively new Realtor just a few years ago to being a top agent in Louisville? That’s just what Tre Pryor has done.

Google “top agents Louisville” and see what you find. So, how does someone go from being a relatively new Realtor just a few years ago to being a top agent in Louisville? That’s just what Tre Pryor has done.

Louisville news: Keep your eyes on the road and hands upon the wheel edition [News roundup]

A summary of local news for December 15, 2010


    •    That FOR SALE sign probably is going to be up awhile. [Courier-Journal]
    •    Vegan food truck entrepreneur seeks green. [The Edit]

Holiday helpers: The couple [Fashion]

Gift ideas for every wish list

This article appears in the December 2010 issue of Louisville Magazine. To subscribe, please visit loumag.com.

The Couple: John and Sarah Gray, Real estate brokers

Step on up and sell it!

Whether upsizing, downsizing, relocating, or just movin' on out, you might have to price your home to sell. Get the right price by consulting our Q&A guide before you put up the sign.
Q: Do sellers have to disclose the terms of other offers? A: According to experts, sellers do not have to disclose other offers Q: Should I add on or buy a bigger home? A: Consider these questions before making a choice between adding on to an existing home or moving up in the market to a bigger house: * How much money is available, either from cash reserves or through a home improvement loan, to remodel the current house? * How much additional space is required? Would the foundation support a second floor or does the lot have room to expand on the ground level?

Finding the Right Home - Q & A

So. You have a Mastiff. Think you ought to move to a downtown condo with a big sweetie like that? Perhaps you should consult this guide before plunking down your down payment.
Q: How do you choose between buying and renting? A: Home ownership offers tax benefits as well as the freedom to make decisions about your home. An advantage of renting is not worrying about maintenance and other financial obligations associated with owning property. There also are a number of economic considerations. Unlike renters, home owners who secure a fixed-rate loan can lock in their monthly housing costs and make prudent investment plans knowing these expenses will not increase substantially.

What You Can Afford

The LAST thing you need is to get in over your head when looking for your Louisville home. Take these things into consideration and it'll make your life much easier.
Q: How do you find out the value of a troubled property? A: Buyers considering a foreclosure property should obtain as much information as possible from the lender about the range of bids being sought. It also is important to examine the property. If you are unable to get into a foreclosure property, check with surrounding neighbors about the property's condition. It also is possible to do your own cost comparison through researching comparable properties recorded at local county recorder's and assessor's offices, or through Internet sites specializing in property records.

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