Real Estate Information Archive

Many buyers and sellers are sitting on the fence trying to decide whether it's the right time to buy or sell.  How do you know when the time is right?  Well as the the guru's of real estate have been saying for some time if you are waiting for the market to hit the bottom to buy, we only know it's hit bottom when we are on the way back up!  For sellers, if you are waiting for prices to start back up you may make a bit more on your home but you will also pay more to buy your new home.

Interest rates are still at historic lows.  As rates start to rise this will make the cost of buying a home even higher.  Now is the time to speak to a lender and see how much money buying now will save you.  Don't forget the tax credit for first time home buyers and those that have not owned a home for the past three years!

Call today and let us show you how we can help.

The Lexington Bluegrass Association of Realtors has released the statistics for the month of May.  Although sales were up slightly over the same month last year, the amount of inventory is overwhelming.  Last May 2006, we had 1,031 sales and this year we are showing 1,064 sales for the same month.  However, the amount of inventory went form 5,328 homes available to 6,957.  What this means to you as a consumer is there is rapidly becoming an overabundance of homes for sale and not enough buyers.

What we are finding on The Melinda Duncan Team is that buyers are looking at several more houses before making a decision and making lower offers than before.  Therefore, homes are staying on the market much longer and selling for a lot less.  As a seller, you are competing to get the few sales available.  For this reason, sellers must have their home in tip top shape and be priced right to be one of the chosen few.

The Melinda Duncan Team can show you our points of difference in getting your home sold for the most money in the shortest amount of time.  We offer the latest technology and a team approach to getting your home sold.  Please call us if we can ever help.

We sell houses big or small!