The goal of this website design is to provide you with up to date information on the Real Estate Market in Lexington and Central Kentucky. The content of the website will be continually updated and expanded to meet your needs.
Home Search - Provides you the ability to narrow your search of available houses on the Market. Narrow your selection by city, subdivision, age of home and much more to meet all your family needs
Comparative Market Analysis (CMA) - It doesn't matter if you're a home buyer or a home seller, you should get a comparative market analysis -- referred to in industry lingo as a CMA -- before buying or selling a home.
A comparative market analysis is an absolute essential before listing a home, but many home buyers are unaware that they can ask their own agent to prepare a CMA. After all, how you can possibly make an intelligent purchase offer if you don't know how many homes are presently on the market in your price range, the types of homes under contract and the prices of recently sold homes? Without this information, you're shooting in the dark, plucking figures from thin air and hoping for the best.
Properly prepared CMA reports will compare apples to apples, not mini mansions to fixers. You want to compare homes with similar square footage, about the same age, condition and location, among other factors. While a real estate agent can make adjustments to a CMA to bring almost any property's price up or down, you'll fare much better if you look at true comparable sales.
Here is an explanation of a CMA and how to understand the data: CMA Explained
Homes For Sale - Lexington Homes and Farms for Sale, Servicing Lexington Kentucky in Fayette County, Georgetown Kentucky in Scott County, Richmond Kentucky in Madison County, Paris Kentucky in Bourbon County, Winchester Kentucky in Clark County and Nicholasville Kentucky in Jessamine County.
New Construction Homes - New Homes And Houses For Sale Find a new home for sale or locate a home builder. Showcases new construction homes, townhomes, condos and new communities by new home builders throughout the Central Kentucky. Find new homes by desired home price or by browsing new developments and floor plans by lifestyle or home type. All home listings include home price, location and money saving incentive offers to make buying a new home more affordable. All houses for sale listed include floor plans, pictures and many offer virtual tours of the new homes and communities. The tools to begin your new homes search are right at your fingertips! To get started, simply click on the quick search areas or browse new construction homes and houses for sale using the links provided. New Construction Homes for sale in Lexington, Georgetown, Richmond, Paris, Winchester and Nicholasville.
Short Sale - In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Neither side is "doing the other a favor;" a short sale is simply the most economical solution to a problem. Banks will incur a smaller financial loss than foreclosure or continued non-payment would entail. Borrowers are able to mitigate damage to their credit history, and partially control the debt. A short sale is typically faster and less expensive than a foreclosure. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.
Lenders often have loss mitigation departments that evaluate potential short sale transactions. The majority have pre-determined criteria for such transactions, but they may be open to offers, and their willingness varies. A bank will typically determine the amount of equity (or lack thereof), by determining the probable selling price from an appraisal or Broker Price Opinion (abbreviated BPO or BOV).
Lenders may accept short sale offers or requests for short sales even if a Notice of Default has not been issued or recorded with the locality where the property is located. Given the unprecedented and overwhelming number of losses that mortgage lenders have suffered from the 2009 foreclosure crisis, they are now more willing to accept short sales than ever before. This presents an opportunity for "under-water" borrowers who owe more on their mortgage than their property is worth and are having trouble selling to avoid foreclosure as a result.
Just Listed - View the lastest listing on the market. View by city and Price Range.
Lexington Horse Farms - Horse Farms in Fayette, Scott, Bourbon, Clark, Madison and Jessamine County.
Commercial Real Estate Property in Lexington Kentucky for Sale or Lease - In Lexington Kentucky there are some of the most magnificent commercial real estate properties for sale and lease. Finding the perfect commercial property is crucial because the location of your business plays a major role in how successful your business will become. If you are looking for Commercial Real Estate in Lexington Kentucky for Sale or lease and you need a professional service then look no further because I have the best service in Lexington and will find the commercial real estate that will suit your business.
I will help you get the commercial property that you want for your business and you will be able to run your business at a location that is suitable in the area. For further details on how to acquire my service then continue to read on. I will offer you information about the place in the area, advice on which property will suit your business and lastly I will make sure that we offer you options that will help you decide on the ideal place for yourself. There is a wide array of Commercial Real Estate in Lexington Kentucky for Sale or Lease that will give you the place that you have in mind.
Should investment in commercial real estate, be your main objective, there are many commercial real estate properties available to meet your needs.
Residential Lots for Sale - Buying land is like buying anything. Usually if you are working with a builder in an established subdivision, one contract covers your purchase of the residential lot and the home. If you select an individual site and intend to work with a custom builder, you will probably purchase the residential lot using a separate contract.
You can pay cash for your rsidential lot or you can finance it. After a lender has prequalified you, you are in a better position to make decisions about how much of your resources you want to commit to a land purchase. The same entities that offer home loans will typically offer loans for land purchases. Keep in mind that buying land loan creates a monthly liability on your financial statement that may affect your new home construction and mortgage loan qualification. Making the land purchase contract contingent upon your approval for your new home construction financing may be a good idea.
When purchasing a residential lot, use a written contract that specifies the location, includes a survey, and describes the exact terms of payment. A title search should be performed and title insurance purchased. You are now one step closer to building your new home.
Lease to Purchase Option. - A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price. The borrower pays an option fee, 1% to 5% of the price, which is credited to the purchase price. The borrower pays rent, and an additional rent premium that is also credited to the purchase price. If the purchase option is not exercised, the buyer loses both the option fee and the rent premium.
As with any kind of financial contract, lease-purchase deals can be structured in such a way that all the benefits flow to one of the parties and none to the other. Buyers especially need to be careful. But lease-purchase plans have a solid economic rationale, which means that they can be structured so that both parties benefit.
National Real Estate resources to assist you locating Financial, Commercial, Residential and Relocation assistance in all 50 States
