Are we lucky in Kentucky?
I remember a conversation I had with my Dad long ago when were watching TV and the newsman said we were in a recession. We had no idea that we were supposed to be feeling different... till we saw it on TV!
Now what do we do??
We laughed a long time over that one!
Why would anyone know there was a name for some situation like a recession unless it was announced that you were in one?
Isn't it just a moment in time? Our lives seem to change with an announcement of how we should be or what we are supposed to be experiencing.
What if it were just another day....really that's all it is.
So today the buzz word is buyer's market.
Instead of a seller's market.
What does that mean for you?
As a seller, you might wonder if your home was going to sit on the market longer that you want it to. A buyer might feel he can get a better deal or take his time looking.
Traditionally, sales of property in Central Kentucky are always slow through the holidays and start to pick up again second week in January.
My investor clients are out there right now snapping up all the great deals with cash in hand. Bankers are still able to lend money. Just like in the stock market, you buy when prices are low... like right now.
We may even see interest rates fall to 4.5 by next week. It will be time to work your deal if you get started on pre-qualifying with your lender now. Rates won't stay low forever.
It's strange how a few words like recession and lower interest rates can change a whole real estate market. Even with what is happening around the USA, we are pretty lucky in Kentucky!
Lizette Fitzpatrick- Baby Boomer Real Estate Relocation Specialist with Prudential Don Foster in Richmond, Kentucky.
#1 featured Kentucky Realtor on Activerain.com and Localism.com. Publisher/Author for the only Central Kentucky email newsletter on local real estate listings and sold properties, Kentucky relocation, local events, homeowner information and fun!
For more information on Lizette, Kentucky Horse Farms, Prudential Don Foster, Madison County, Fayette County, Richmond or Lexington, Kentucky click on Lizette.us.
See for yourself what Lizette's extraordinary clients have to say about their Kentucky real estate experience. Copyright © 2008 By Lizette Fitzpatrick, All Rights Reserved..*Getting Lucky In Kentucky!*