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If you've been looking at real estate in Lexington KY, you've probably noticed quite a bit of inventory on the market, and you wouldn't be alone. According to recently released figures from the Lexington Bluegrass Association of Realtors, inventory in February 2009 was up 51% over February 2008, leading to 15.7 months worth of inventory on hand versus 10.4 months worth of inventory on hand in February 2008. No doubt affected somewhat by the unusually cold and icy winter, sales prices were dow... Read Full Post

If you've been looking at real estate in Lexington KY lately, you may have noticed a phenomenon that past couple of weeks -- houses are selling! I have an adorable little house listed in Gainesway that I sold last week. The contract actually fell through but I just sold it again this week (and it looks like these buyers are going to qualify!). What was interesting, though, is that over the past couple of weeks, I've noticed a lot of activity with houses priced in the $100k - $175k range and i... Read Full Post

A recently-released study conducted by BusinessWeek magazine has name Wilmore, KY the "Most Affordable Suburb" in Kentucky. The study selected one suburb in each state where residents can find" the best quality of life for their money" in 2009." Popular with residents because of its low crime rate and moderate pace of life, Wilmore, located in Jessamine County, has a strong Christian influence due to the two major institutions of higher learning located there: Asbury College (a private, Chris... Read Full Post

With current market conditions, there's been an increae in the number of home buyers offering a "contingency" contract to buy your home. But is it a good idea to accept a contingency contract on your home? For the buyers, the big advantage is obvious -- they don't have to go through with the purchase if their home doesn't sell so they don't risk much. Buyers do face the disadvantage of incurring costs such of inspecting and appraising the property, but the expense is minimal compared to buyin... Read Full Post

As many of you know, I am a realtor in Lexington KY who is also a home stager in Lexington KY. Although staging does involve quite a bit of extra work up front, the end results have been so positive that it always seems worth it to me. Well, I'm proud to announce that I've once again kept my record of selling all the homes I've staged within 58 days! I work with Lexington KY real estate extensively, and most houses I stage are under contract within 4-6 weeks, though a couple have taken almost... Read Full Post

According to a report issued by Realtytrac, foreclosures dropped 23.9 percent in Kentucky from December to January, RealtyTrac is national firm based in California that specializes in tracking foreclosures. Kentucky's January foreclosure rate for January 2009 was still 17.3 percent above its foreclosure rate for January 2008, despite a temporary moratorium on foreclosures instituted by Fannie Mae and Freddie Mac for January. Nationally, Kentucky still ranks well below average in numbers of fo... Read Full Post

After much debate, both the U.S. House and Senate have passed the Economic Stimulus Bill, expected to be signed soon by President Obama. The bill, which contains many provisions designed to provide Americans with various forms of tax relief, also provides an $8,000 tax credit for buyers in the form of a tax credit that does not need to be paid back (unlike the previous $7500 tax credit that acted more or less like an interest-free loan). One significant change in the tax credit (besides reduc... Read Full Post

Forbes Magazine has named Lexington, Kentucky the fifth-best in its list of top 10 “Top College Sports Towns” in its February edition. The criteria included what the Forbes called “quality of life measures” such as housing costs versus median income, public school quality, crime and the availability and value of real estate in Lexington, KY. Here’s what Forbes Magazine had to say about Lexington: "If you like basketball and horse racing, there's no betterplace in the world to live t... Read Full Post

I'm proud to announce that effective this week, I am now a member of the Keller Williams Bluegrass family, which is part of the national franchise of Keller Williams Realty. Many items factored in to my decision to join Keller Williams, not the least of which is their impressive market share (number 2 in Lexington, KY real estate and quickly gaining on number 1) and the incomparable training and support they offer. Another factor was their size -- they're one of the larger offices in the Lexi... Read Full Post

Should you buy a condo or a single family house? Should you spend as much as you've been pre-approved for or less? The answers to these questions depend on your lifestyle, whether you're looking at homes for sale in Lexington, KY or Dallas, TX. Single family homes are wonderful -- if you don't mind taking care of the yard and landscaping. Even if you buy a home that's been professionally landscaped already, you'll still need to put time and effort into maintaining it. For some people -- espec... Read Full Post