Life...Fun and Kentucky Real Estate

head_left_image

Getting Lucky In Kentucky!

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!

          Follow me to Twitter

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!*

Comment balloon 11 commentsLizette Fitzpatrick • December 04 2008 10:35PM

Comments

We have been lucky here in Columbia as far as the economy goes. I also love how the news seems to dictate how people should feel, it's good that someone lets us know.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 9 years ago

Very well said. I am hoping for a little more balance in the marketplace. The lower rates should make things more interesting... ;-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 9 years ago

I thought the fact that the Dow dropped 600 points was odd.  The announcement was that the recession started in Dec 07.  So after 12 months, people decide to panic because someone officially called it a recession.  As you said, what is different?

Posted by Erik Hitzelberger, Louisville - Middletown Real Estate (RE/MAX Alliance - Louisville REALTOR-Luxury Homes) over 9 years ago

Labels just as often "misinform" as they "inform."  They tend to close doors as opposed to open doors too often.  In the physical world they are necessary for communication-----and even there they aren't 100% accurate.  When we get into the intangible areas labels can be deadly.

Posted by Charles Buell, Seattle Home Inspector (Charles Buell Inspections Inc.) over 9 years ago

Lizette,

We only know that we are in somethin' when the national media says that we are.  Thank you for sharing this good advice ma'am, very well said.

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) over 9 years ago

I am feeling pretty lucky.  Living responsibly places you in a good position regardless of what the National Media wants to report.

Posted by Melody Botting, You Deserve The Best (Broker Associate PenFed Realty) over 9 years ago

I know where we are because I look at numbers every morning. Sorry, but there is no uptick yet, but I am still in a beautiful area, and that's what I concentrate on. Fluff?? No.

Posted by Susie Blackmon, Ocala, Horses, Western Wear, Horse Farms, Marketing over 9 years ago

Lizette--I read a quote yesterday that applies here:

"Be fearful when others are greedy and greedy when others are fearful."

Warren Buffett

So do you think Mr Buffet is buying or fearful? Hmmmm

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) over 9 years ago

Lizette,

There are always opportunities in any market if one can  take advantage of them.

Posted by Steven L. Smith, Bellingham WA Home Inspector (King of the House Home Inspection, Inc.) over 9 years ago

Lizette,  I have not been watching the news as much lately to much negative.  Yes we are very Fortunate in Kentucky. We are down in sales this year in our area by approx 27% but Property Value in our area is very stable.  We just need to hang in there and work a little harder if need be. The sun will still come up in the morning and by the grace of God we will survive.  

barbara

Posted by Barbara Flannery, "Homes for Everyone In London Kentucky" (USA Realty,Inc.) over 9 years ago

Hey Lizette! Why is it when they made it official everyone panicked?  Good deals are still getting snached up here too!

Posted by Cristal Drake, Realtor - Fullerton Real Estate (Prudential California Realty) over 9 years ago

This blog does not allow anonymous comments