if you are in town looking for something fun to do on Friday night, plan to attend the Makenna Foundation's annual Art of Making Miracles event. While I might be biased as RE/MAX Creative plays a huge role in sponsoring the event, the Art of Making Miracles is one of the best charity fundraisers we attend all year! Just the right mix of casual dress-up, great local food, music and super auction items (hope somebody bids a lot on the UK-Indiana b-ball tickets I donated!). The Makenna Foundation supports UK Children's Hospital and funds are helping to open the children's emergency room -- sorely needed I can tell you from having taken my own children to the UK hospital emergency room!
Click the title link to go to the Makenna website. Hope we'll see you there!
Tuesday, September 2, 2008
Friday, August 29, 2008
Lily Program
I'm so excited! I just came back from a walk with the dogs while waiting for the afore-mentioned plumber and my Lily Program questionnaire was in the mail. As soon as I get it turned in, we get our new Lily raintainer!
If you missed the Herald-Leader article about the Lily raintainer -- called the Lily Program -- the Lexington-Fayette Urban County Government Department of Environmental Quality instituted a pilot program to address storm water run-off. The "Lily" is an attractive rain barrel that attaches to your gutter collecting and storing rainwater from the roof. What makes it different from other rain collectors is that's really cute and has a spigot on the side with which to attach hoses or fill watering cans! Horrible gardener that I am, I'll be using my saved water to fill our fish pond and water my container pots. I think the fish will be really pleased although they don't know about the last batch I accidentally killed so they might not be as excited as they could be...but that's another story. In addition, it's many more gallons of water that stay on my property rather than draining through the yards and picking up pesticides and fertilizers on its way to the lake.
LFUCG only has five hundred available and the cost is $75.00 but I think it's going to be well worth it for the environment and my fish! If you're interested in adding one to your home, call LFUCG at 311 to register for the program. I bet there are still a few left!
If you missed the Herald-Leader article about the Lily raintainer -- called the Lily Program -- the Lexington-Fayette Urban County Government Department of Environmental Quality instituted a pilot program to address storm water run-off. The "Lily" is an attractive rain barrel that attaches to your gutter collecting and storing rainwater from the roof. What makes it different from other rain collectors is that's really cute and has a spigot on the side with which to attach hoses or fill watering cans! Horrible gardener that I am, I'll be using my saved water to fill our fish pond and water my container pots. I think the fish will be really pleased although they don't know about the last batch I accidentally killed so they might not be as excited as they could be...but that's another story. In addition, it's many more gallons of water that stay on my property rather than draining through the yards and picking up pesticides and fertilizers on its way to the lake.
LFUCG only has five hundred available and the cost is $75.00 but I think it's going to be well worth it for the environment and my fish! If you're interested in adding one to your home, call LFUCG at 311 to register for the program. I bet there are still a few left!
Beautiful morning...
It's one of those mornings in Lexington that makes living here so worthwhile! Even though, I'm waiting for my plumber so that I can continue helping support his children's college tuition funds (oh the joys of living in an older home inside New Circle!), it's hard not enjoy life in Central Kentucky -- not too hot, bright sunny sky and wonderful late summer day.
I had a moment this morning too, to spend a minute flipping through Lexington's new Skirt magazine. It's a great addition to some of our local newspapers like Ace Weekly, Nougat and the Chevy Chaser. If you're trying to get a feel for our Bluegrass flavor, all of these publications offer a great insight into our local scene. I always recommend that newcomers pick up a copy of any of these to peruse while exploring the area.
UK is back in session so don't try any shortcuts driving through campus! And, we can look forward to the UK-UL game this weekend. I'm actually excited about UK football this year. Go Cats!
I had a moment this morning too, to spend a minute flipping through Lexington's new Skirt magazine. It's a great addition to some of our local newspapers like Ace Weekly, Nougat and the Chevy Chaser. If you're trying to get a feel for our Bluegrass flavor, all of these publications offer a great insight into our local scene. I always recommend that newcomers pick up a copy of any of these to peruse while exploring the area.
UK is back in session so don't try any shortcuts driving through campus! And, we can look forward to the UK-UL game this weekend. I'm actually excited about UK football this year. Go Cats!
Thursday, August 14, 2008
First Time Home Buyer Tax Credit!!!
Attention first-time home buyers, this is really big news! The President has signed into effect an economic recovery act measure that provides an up-to $7500 tax credit for qualified first-time home buyers. I don't know a lot about the details yet but I will be attending a seminar on Tuesday, August 19th to learn about this very important incentive. While like 99.87% of American, I'm tax illiterate (another great reason to be married to a CPA besides his good looks), my understanding of the tax credit is that it is the same as hard cash to the home buyer at the time that taxes are filed.
Check in with me after 3 p.m. on Tuesday, when I'm an expert!!!
Also, I understand this is retroactive for first-time home purchases after April 2008 and runs through purchases in 2009.
Check in with me after 3 p.m. on Tuesday, when I'm an expert!!!
Also, I understand this is retroactive for first-time home purchases after April 2008 and runs through purchases in 2009.
Monday, August 11, 2008
Mortgage Market News
Interested in knowing more about mortgage market news? Let me know, and I'm happy to forward a weekly market updated from Bluegrass Mortgage. It's a really informative and detailed resource!
Saturday, August 9, 2008
End of Summer...
While this doesn't have a lot to do with real estate, it seems worthwhile to note that only four blissful days are left until Fayette County school children head back to class. Seems like summer just gets shorter and shorter and it makes me sad (not to mention the sad looks on my children's faces). We really need a couple more weeks to truly enjoy our summer -- we've had such a good one...travelling out west and just returning from our favorite beach destination -- Sullivan's Island.
I'm not alone in wishing for a later school start date and for anyone who cares there is a website for the promotion of legislation to legally change the start date of the school year to no earlier than the 4th Monday in August. The official website is http://www.savekentuckysummers.com/ .
I'm not alone in wishing for a later school start date and for anyone who cares there is a website for the promotion of legislation to legally change the start date of the school year to no earlier than the 4th Monday in August. The official website is http://www.savekentuckysummers.com/ .
First Time Home Buyer Tax Credit
In the continuing debate about whether it's a good time to buy, another argument goes on the pro side of purchasing a home. President Bush signed into effect a new housing bill that would give a $7500 tax credit to qualified first-time home purchasers. I'm including a link to a news article posted on the Lexington-Bluegrass Board of Realtors website. Essentially, this tax credit is like an interest-free loan for any qualified purchases made between April 8, 2008 and June 30, 2009.
Tuesday, July 29, 2008
Peachtree...best buy
440 Peachtree is back on the market! I was just looking at my June 3 post and realized that we had offers on all three of those houses within just a few days of getting them on the market! Unfortunately, our contract on Peachtree fell through due to buyer financing so that great property is available again. It's one of the best buys I've seen for condition, and square footage. It's a super house for a first-time buyer who wants room to grow or for an investor looking for potential cash flow.
Happy Summer
Frankly, I'm so embarrassed that it's been since June that I last posted anything here on the blog. Can I plead summer? I've had tons of real estate activity plus children out of school and some really wonderful vacations including two weeks in Montana & Wyoming hiking the wilds of Yellowstone, Glacier and Grand Tetons National Park. Don't ask me which I liked better because I still can't decide and I'm still very much in love with Zion in Utah...hmmm...it was nice to come home to our beautiful Kentucky landscape though!
In the time we've spent in Lexington, we've been enjoying lots of bike riding in an attempt to make a game out of curbing our gas usage. Being inside New Circle Road people, we've been enjoying a number of local restaurants that we can ride to easily -- Puccini's Smiling Teeth off Euclid, and our new favorite where I've been 4 times in the last three weeks: A.P. Roots on Romany Road. If you know Lexington, you know that Romany has some great local spots, Suggins, Wheeler's Drugstore, Graeter's, but you may not know that the owners of Suggins have also opened A.P. Roots -- a terrific, more upscale but still very comfortable (i.e. you can ride your bike there and not feel too underdressed) restaurant that features lots of local produce and unique menu items. Marc and I are hooked on the homemade parpadelle noodle dishes. We want to make sure lots of people eat there as I'll cry if they go out of business.
In the time we've spent in Lexington, we've been enjoying lots of bike riding in an attempt to make a game out of curbing our gas usage. Being inside New Circle Road people, we've been enjoying a number of local restaurants that we can ride to easily -- Puccini's Smiling Teeth off Euclid, and our new favorite where I've been 4 times in the last three weeks: A.P. Roots on Romany Road. If you know Lexington, you know that Romany has some great local spots, Suggins, Wheeler's Drugstore, Graeter's, but you may not know that the owners of Suggins have also opened A.P. Roots -- a terrific, more upscale but still very comfortable (i.e. you can ride your bike there and not feel too underdressed) restaurant that features lots of local produce and unique menu items. Marc and I are hooked on the homemade parpadelle noodle dishes. We want to make sure lots of people eat there as I'll cry if they go out of business.
Tuesday, June 3, 2008
Affordable and great looking for a first time buyer!
Just listed three great properties this weekend that would be perfect for a first-time home buyer! They pack a lot of value and updates into a great price.
Check out 440 Peachtree Road at under $100,000! My sellers have worked so hard to get this house ready to show and you won't believe the square footage! Here's a link to the virtual tour: http://www.visualtour.com/show.asp?T=1544863.
Another great house! 1144 Kalone Way. This house too has tremendous square footage for the price and the location is so convenient to UK with a quick trip down Alumni Drive or out to Hamburg or for easy access to I-75. I love how quiet and clean the street. Here's a link to the virtual tour: http://www.visualtour.com/show.asp?T=1544427.
The price is a little higher at 212 Pleasant Pointe but the fact that my seller used to be a professional interior designer will feel apparent here. There's a wonderful Southern Living feel to this great home and the hardwood floors literally gleam throughout the common areas. The carpet upstairs was new last week and this house is as move-in ready as it can be. Here's the virtual tour link for it: http://www.visualtour.com/show.asp?T=1541948
Any of these homes would make a great place to make a first home purchase or a terrific rental property for the savvy investor.
Check out 440 Peachtree Road at under $100,000! My sellers have worked so hard to get this house ready to show and you won't believe the square footage! Here's a link to the virtual tour: http://www.visualtour.com/show.asp?T=1544863.
Another great house! 1144 Kalone Way. This house too has tremendous square footage for the price and the location is so convenient to UK with a quick trip down Alumni Drive or out to Hamburg or for easy access to I-75. I love how quiet and clean the street. Here's a link to the virtual tour: http://www.visualtour.com/show.asp?T=1544427.
The price is a little higher at 212 Pleasant Pointe but the fact that my seller used to be a professional interior designer will feel apparent here. There's a wonderful Southern Living feel to this great home and the hardwood floors literally gleam throughout the common areas. The carpet upstairs was new last week and this house is as move-in ready as it can be. Here's the virtual tour link for it: http://www.visualtour.com/show.asp?T=1541948
Any of these homes would make a great place to make a first home purchase or a terrific rental property for the savvy investor.
Friday, May 9, 2008
Springtime in Kentucky!!
Bad me...Apparently keeping up with my blog was not the priority that I intended for it to be this New Year's. Could be that the last couple of months have been crazy in the Central Kentucky Real Estate market and that would be a fact! We've seen lots of buyers in the market and lots of great inventory out there for them to purchase. It really is an ideal time to buy in spite of the looming recession.
It's a great time to look at homes too! I don't know when I've seen a prettier spring in Kentucky and I feel like everyone else is saying the same thing. I'm working from home a little this afternoon and watching a shower of dogwood blossoms fall in the breeze out my window.
It's a great time to look at homes too! I don't know when I've seen a prettier spring in Kentucky and I feel like everyone else is saying the same thing. I'm working from home a little this afternoon and watching a shower of dogwood blossoms fall in the breeze out my window.
Friday, March 7, 2008
FHA Mortgage news
Just in from my friend Tommie Faust at Bluegrass Mortgage -- a great lender with whom to work by the way -- the FHA has new loan limits. Here's what she has to say:
FHA has raised their loan limits on single family homes to $271,050 & two-family to $347,000. The 100% loans are a thing of the past. FHA requires the 3% investment and the factor for the PMI is .50. There is a proposal for a 1 ½ investment that hasn’t been approved yet but probably will be. However, the PMI factor will be adjusted according to the risk.
Word on the street, too, is that PMI (the mortgage insurance you buy for your lender if your loan to value ratio is greater than 80%) rates are going to be going up in the future with so many more buyers defaulting on their loans.
FHA has raised their loan limits on single family homes to $271,050 & two-family to $347,000. The 100% loans are a thing of the past. FHA requires the 3% investment and the factor for the PMI is .50. There is a proposal for a 1 ½ investment that hasn’t been approved yet but probably will be. However, the PMI factor will be adjusted according to the risk.
Word on the street, too, is that PMI (the mortgage insurance you buy for your lender if your loan to value ratio is greater than 80%) rates are going to be going up in the future with so many more buyers defaulting on their loans.
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