Hi, Scott Coppage here with All About Homes Realty.  Just a quick note on the market so far in 2018.  I'm often asked if this is a good time to buy a home.  Some buyers are concerned that they will be chased out of the market due to rising home mortgage rates, while others are convinced that home prices are going to climb rapidly. 


Actually we're seeing a little of both.  Even though the Fed has promised no less than four interest rate hikes this year mortgage rates really haven’t changed much.  The biggest factor we see is availability.  We watch the numbers very closely and no matter how you slice them available homes for sale on the market are down.  In most areas... way down.  This is driving prices up as most areas are seeing a sellers market for the first time that most of us can remember.  


Sellers-  Local sales are strong and now is a great time to get your home on the market.  I always encourage my sellers to clean and paint.  Don't forget curb appeal.  Also, we have an automated system that will allow you get a good idea of how much your home is worth.  Just go to www.InstantKyHomePricing.com and plug in your address for an instant price based on public data.

 

Buyers- If you find what your looking for jump on it quick!  Expect to pay top dollar to get what you want.  Remember the seller has to sell the home twice.  Once to you and then to the appraiser.  If it doesn't appraise for what you offered our contacts allow you to renegotiate the price or exit the contract and move on to another home.  While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available. Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

 

 

 

Thanks for your time.  If we can help in anyway please feel free to contact us at 270-422-4687, www.AllAboutHomesRealty.com or info@AllAboutHomesRealty.com