Awesome Central KY farm located in Anderson County. Great location to commute to Lexington, Frankfort or Louisville. Sitting on 30 +/- acres, this home has been lovingly cared for with two heat sources, metal roof, three-four bedrooms, screened-in back deck, updated bath and kitchen, basement, and horses are welcome!
Deer and wild turkey are abundant for the hunter. Close to Taylorsville Wildlife Reserve and Lake and Salt River for the avid fisherman.
Do You Do Windows?--Anderson County, Lawrenceburg KY, Central KY
I hate to wash windows, but you know every now and again you have to if you want to see the world outside. But I'm not actually talking about my windows at home or the windows in your home. I'm talking about someone else's windows, like one of your listings. Oh, I have smeared around on the front door of one before or a patio door to get the smears and smudges gone before its being shown. But never have I done so many as I did right before an open house I was hosting.
You never know what lengths you will go to to make things right until you are faced with the problem of "smudges, dirt, etc".
Once I cleaned the front storm door, I cleaned the patio door, the window above the kitchen sink, then I continued throughout the house and did some mirrors. Then there were spider webs, so I found the broom and starting knocking those down. I wanted buyers to like this house and wanted an offer that day.
Well I only had one couple, but they did like the house and neighborhood and they ate my cookies and stayed for quite awhile. There is not an offer yet, but who knows, maybe they liked all the sunshine pouring in and well make an offer soon.
Motivated Seller! Ready for your horses. Peace and quiet in the country! Great views from this country home sitting on 10+ acres with some plank and woven wire fencing and pasture for your horses. All electric with supplimental wood burning heat, large eat-in fully equipped kitchen, living room, three bedrooms, and a nice size bonus room that could also be a fourth bedroom or family room with room for a 2nd bath. One car attached garage, one car oversized detached garage with plenty of room for a workshop or equipment storage. Sit on the front porch and enjoy the countryside view or take a nice country walk. First-time homebuyers, this property is eligible for the $8000 federal tax credit.
Beautifully maintained split foyer home with 4 bedrooms, 2 full baths (one is a Jack & Jill), new laminate flooring and carpet, 2 decks for entertaining, fully equipped kitchen with new stainless appliances, new roof 2009, partialy finished basement with family room and bedroom, plenty of storage, extra large storage shed, lots of room for the money. Great family home, within walking distance of park, shopping and schools close by. Easy access to BG Parkway for the commuter. Call Melinda today to see this great property. Open house Saturday Sept 12th, 2:00 - 4:00.
Recently receiving my CDPE designation, I'm a little nervous to start advertising to list short sales. I have studied, read short-sale posts and articles, studied our local market for short-sales, and really want to help homeowners avoid foreclosure.
As a listing agent for HUD, I have tons of buyers looking deals on a new home. Of course, in this market everyone wants a deal and ridiculously low offers are abundant.
Believe it or not, one of my fears is once my advertisement hits the local papers and internet that I will be totally overwhelmed with calls to list homes. Of course, I have to qualify the sellers first to see if they are willing to follow through with working closely with their lender to help the process go smoother and try their best to keep the property in showing condition.
Guess I need to put it out there and see what happens! Wish me luck with my new endeavor and hopefully I will be able to help at least a few distressed sellers from going into foreclosure!
HUD-HUD-HUD, seems like I have been living, eating and breathing HUD owned properties for the last 9 months! They have served me well though, keeping me going during the lean months of the winter and through the horrors of the housing market. All in all, I have met some very solid buyers that are not only looking for deals on HUD or foreclosed properties, but some have mentioned purchasing land or farms for future investment. Selling farms is what I love doing! I get to wear my jeans and boots, walk or 4-wheel over acres of farm land and enjoy the great feeling of being outside with nature.
I met my last buyers at a HUD owned property, who expressed an interest in purchasing a farm. Now, who would of thought on that Saturday afternoon as I stood outside a neglected house waiting for perspective buyers that a few weeks later, I would have a $500,000 deal in contract, paying cash no less? Not I, nor my husband, who was upset that I had once again taken off on a weekend to show houses to people that I had never met before. Well, you know, God works in strange ways and He has answered my prayers throughout my life more times than I can count or remember! I praise Him today for sending people into my life that makes it better and better.
Next time you feel aggravated because you you are being dragged out to show a property that will reap only a small commission that may not even pay for your gas, remember to ask the right questions, keep in touch and you may find yourself with a good deal down the road!
3001 Briar Creek, Lawrenceburg KY. Absolutely spotless home in quiet neighborhood. Tiled foyer, eat-in kitchen with all appliances and lots of sunshine. The over-sized great room has a fireplace, laminate flooring and room for a dining area. There is a sunroom right off the great room with heat and air, leads onto a nice sized deck. The master bedroom also has laminate flooring. The master bath has an oversized garden type tub, double sinks, oak cabinets, shower and walk-in closet. There is a separate utility room, half-bath and drywalled two-car garage. On the second floor the large bonus room that would be perfect as a recreation area, library or space for kids. There is also two bedrooms with walk-in closets and a full bath upstairs. This home is in perfect move-in condition. Motivated seller!
On February 7th I blogged about HUD and what it actually was and how to go about selling HUD owned properties. Since that blog I have learned even more with every HUD deal I am involved with. The last offer was almost lost because of the wording in the preapproval letter. The bank had to revise three times. Once because their address was not on the letterhead, next time because their phone number was missing. When I finally think it is going to go through, I have to get the bank to change their verbage. The original letter basically said there credit rating was good for the loan, but ohhhh nooo, it has to actually say that there was a credit report done and the preapproval is based on that fact.
When you are submitting offers on a HUD owned property, make sure everything is dated the same, the buyer(s) name is signed the same throughout the paperwork, your broker has to sign the 9548 form and the LBP, you as the agent have certain places to sign also. Look closely for a couple of places to insert dates and for the buyer(s) to initial.
Don't loose a HUD deal over not dotting your i's and crossing your t's! I look over the HUD paperwork at least 5 or more times. You might be surprised that you skipped over an important section.
By the way, if you are in the Central Kentucky area, my expertise with HUD owned properties could help you get the deal. Let me handle the paperwork and specifics for you!
Have you had the pleasure of seeing Pat Zaby, if not and if you have the chance you need to. I attended his seminar today at our local board and the tech info provided was awesome. One of the most awesome things he brought to our attention was Jott.com. Recently I was considering buying a digital recorder so that when I am driving down the road I can record info, instead of trying to write it down while driving 70 mph. Well, I don't need a digital recorder, I just need to set up an account on Jott, save the 866 number in my phone, call it with my 15 second message, and then it sends the message to me via my email. Too good to be true! You can also send a message or text to a group of people, creat to-do lists, and much more. This is great communication on the go!
Check it out, all for $3.95 a month. Anyway, if I used a digital recorder I would probably forget to listen to my reminders. :)
HUD, do you know what it stands for? If you do, then you probably have been involved in the sale of a HUD owned property. If not, it stands for Housing and Urban Development. HUD's mission is to increase home ownership, support community development, and increase access to affordable housing free from discrimination. To fulfill this mission, HUD will embrace high standards of ethics, management and accountability and forge new partnerships--particularly with faith-based and community organizations--that leverages resources and improve HUD's ability to be effective on the community level.
How do you buy a HUD Home? First thing is to work with a HUD registered real estate broker agent within a HUD registered real estate office. If you already have an agent that you prefer to work with, but they are not HUD registered, your agent can work with the listing agent of the HUD Home you wish to purchase so your the offer process goes smoothly. When a property is first offered for sale, they initially are offered to owner-occupants (someone who is going to live in the home as their primary residence). After the initial offer period, if the home remains unsold it is then offered to all buyers, including investors. If I have an investor interested in a HUD Home, I have found that putting an offer in during the initial period is wise since there may not be an owner-occupant offer. If that is the case and the offer amount is within the parameters set, the investor has a good chance at purchasing the property.
How to find HUD Home listings? All properties are offered for sale on Internet listing sites and entered into your local MLS by the listing agent. I actually have a special link on my website www.LawrenceburgHomesInfo.com to one of these listing sites. There is good information there and you can search by city and state. Of course, if you know what phrases to look for on an MLS listing you can identify them by searching listings on your local MLS. HUD registered real estate brokers can help by sending you updates by email on new HUD listings. In our area, new listings are added once a week along with reduced price listings and listings that have had their offers or contracts canceled.
Are there Special Program? Yes there are! If you were a hurricane victim of Katrina, Rita, or Wilma HUD can sell you a HUD Home at a discount. There is also a program called "Good Neighbor Initiatives". This program offers fireman, law enforcement officers, teachers, emergency medical techs, nonprofit. and local governments certain properties at a reduced sales price. These special properties are usually not listed in your local MLS, but are offered for sale on Internet listing sites for a specific time frame before it is offered to the general public which includes investors.
What to do about inspections? I always recommend a home inspection, even though HUD Homes are sold "as-is, where-is" and they will not make repairs, a buyer needs to be aware of any major repair that may not be evident to the naked eye. A home inspector can uncover and find defects that the rest of us don't know how or where to find them. Termite inspections are required by FHA loans and if there is no evidence that the property has been treated recently, you need to get an inspection no matter the type of loan you are getting.
Financing? HUD does not offer financing. Some HUD Homes qualify for FHA-insured loans so you need to shop around for the best rates. One incentive that HUD offers is a $100 down-payment if you are obtaining an FHA loan. Not all lenders will go for the $100 down-payment though. The typical amount to have for a down-payment on an FHA loan is 3.5%. Most lenders now-a-days feel that a buyer needs to bring something to the closing table. Their research has shown that buyers bringing money to the table are less likely to default on their loan. Several HUD Homes qualify for 203b FHA loan with escrow. This means that HUD has identified some repairs that the home needs, such as HVAC, carpet, paint, plumbing repairs, etc. This loan allows the borrower to add the dollar amount HUD has determined it would take to make these repairs to their mortgage loan, this amount is less than $5000. There is also an FHA 203k loan. This loan allows the borrower to borrow repair money which is $5000 or more for repairs and is included in their mortgage loan. HUD does not list these repairs and if this type of loan is used you have to stabilize or replace lead-based paint in older homes along with the other repairs, if it hasn't already been taken care of. There are other loans such as conventional, rural housing
How long do you have to close on a HUD Home? If you are paying cash, you have 30-days. For a FHA 203b, 203b with escrow, or conventional loan you are given 45-days. When obtaining an FHA 203k loan you have 60-days to close. If you can not close because of loan issues or something viable, you can request an extension but they can charge a daily rate for not closing on time if you don't have a good reason.
Remove the stress? The process of purchasing a HUD Home is very different than purchasing regular homes for sale or even a bank-owned home. Several Realtors have lost offers because they were not aware of the ins-and-outs of putting in offers on HUD Homes and the time specific process. I offer my expertise to other Realtors by doing the paperwork and making sure the offer and contract periods go smoothly. In these instances, I never meet their buyers, I prepare the paperwork, enter the bids and advise the buyers agent on time specific procedures. If you are an agent in the Central Kentucky area, I can take the stress of the process off by working with you during the bidding and contract period.
Some of the information in this blog was taken from the HUD website, www.hud.gov, so that the information given is accurate.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Awesome Central KY farm located in Anderson County. Great location to commute to Lexington, Frankfort or Louisville. Sitting on 30 +/- acres, this home has been lovingly cared for with two heat sources, metal roof, three-four bedrooms, screened-in back deck, updated bath and kitchen, basement, and horses are welcome! 
udges, dirt, etc". 
Motivated Seller! Ready for your horses. Peace and quiet in the country! Great views from this country home sitting on 10+ acres with some plank and woven wire fencing and pasture for your horses. All electric with supplimental wood burning heat, large eat-in fully equipped kitchen, living room, three bedrooms, and a nice size bonus room that could also be a fourth bedroom or family room with room for a 2nd bath. One car attached garage, one car oversized detached garage with plenty of room for a workshop or equipment storage. Sit on the front porch and enjoy the countryside view or take a nice country walk. First-time homebuyers, this property is eligible for the $8000 federal tax credit.
Beautifully maintained split foyer home with 4 bedrooms, 2 full baths (one is a Jack & Jill), new laminate flooring and carpet, 2 decks for entertaining, fully equipped kitchen with new stainless appliances, new roof 2009, partialy finished basement with family room and bedroom, plenty of storage, extra large storage shed, lots of room for the money. Great family home, within walking distance of park, shopping and schools close by. Easy access to BG Parkway for the commuter. Call Melinda today to see this great property. Open house Saturday Sept 12th, 2:00 - 4:00.
sunshine. The over-sized great room has a fireplace, laminate flooring and room for a dining area. There is a sunroom right off the great room with heat and air, leads onto a nice sized deck. The master bedroom also has laminate flooring. The master bath has an oversized garden type tub, double sinks, oak cabinets, shower and walk-in closet. There is a separate utility room, half-bath and drywalled two-car garage. On the second floor the large bonus room that would be perfect as a recreation area, library or space for kids. There is also two bedrooms with walk-in closets and a full bath upstairs. This home is in perfect move-in condition. Motivated seller!
On February 7th I blogged about HUD and what it actually was and how to go about selling HUD owned properties. Since that blog I have learned even more with every HUD deal I am involved with. The last offer was almost lost because of the wording in the preapproval letter. The bank had to revise three times. Once because their address was not on the letterhead, next time because their phone number was missing. When I finally think it is going to go through, I have to get the bank to change their verbage. The original letter basically said there credit rating was good for the loan, but ohhhh nooo, it has to actually say that there was a credit report done and the preapproval is based on that fact.
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