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Buying a house

Millennials Most-Wanted Room Is....

The kitchen is the heart of the home, but there's another room in the house that is attracting the eye of potential home buyers. According to a new study conducted by the National Association of Home Builders, for Millenials, the most-wanted room in the house is a separate laundry room. Fifty-five percent said they wouldn’t buy a new home that didn’t have a separate laundry room. They also ranked storage as important, such as linen closets, a walk-in pantry, and garage storage. With the laundry room weighing  so heavily on people's minds, it may be a good time to rethink how your laundry room is set up. Could the layout be more functional? Could it use a face-lift with a fresh coat of paint, new windows, or cabinets? Look at the room through the eyes of a potential home buyer and see what works and what doesn't. Here's a few photos from Houzz.com to get your wheels turning about how you can revamp the look of your laundry...

Put Your Dukes Up--It's Open House Time!

Be careful. You might get trampled at an Open House. Put Your Dukes UpEven as I type those words, it seems hard to imagine, but it's true! With the weather warming up and so few houses on the market, people wanting to buy are clamoring to see available houses for sale. The competition in today's housing market is suddenly fierce, so fierce that some are calling the cops. "We got shut down!!" laughed Catherine Luther, an agent with Channing Real Estate in the Boston area. "I've been in this business for 30 years, and it's never happened before." At a Saturday open house at her listing in suburban Belmont, she had over 100 people in 45 minutes, which blocked the street....

Millenials Key to Next Wave of Purchases

Just 36% of Americans under the age of 35own a home,according to the Census Bureau. That's down from 42% in 2007 and the lowest level since 1982, when the agency began tracking homeownership by age. It's not all their fault.Millennials want to buy homes -- 90% prefer owning over renting, according to a recent survey from Fannie Mae. But student loan debt, tight lending standards and stiff competition have made it next to impossible for many of these younger Americans to make the leap. "When we surveyed Millennials they cited several barriers to homeownership, especially access to financing," said Steve Deggendorf, a senior director for Fannie Mae. Many Millennials simply can't come up with the hefty 20% down payments. Othersdon't have good enough credit to qualify for loans. There is a ray of hope for young wanna be homeowners, said Fannie Mae's Deggendorf. "Mortgage lending is getting a little less tight, with lenders approving buyers with a little lower credit score and who have less of a down...

5 Reasons Why You Should Buy a Home Now

5 Reasons Why You Should Buy a Home NowWith home prices and mortgage rates rising, there has never been a better time to buy than right now. Here are 5 reasons why you should buy a home now, instead of waiting until Spring.

1. Supply is Shrinking Inventory in the Bluegrass has been steadily declining. Many buyers are having a hard time finding their perfect home because there is not a large assortment of homes to choose from. The best homes in the best locations sell first, so make sure you don’t miss the opportunity to get the home of your dreams.

2. Home Prices Are Increasing With supply low, the demand for homes rises, which means that...

5 Tips for Moving with Children

Moving is difficult for even the most organized people. When children are involved the difficulty increases. Whether you are going just down the road or to a completely new city, here are some tips to help ease the transition.

5 Tips for Moving with ChildrenLet Your Kids Help

If they're old enough, let your children help you pack some of their personal belongings. Even at a young age, kids can sort their toys and help you wrap objects in tissue paper or bubble wrap. If you'll be putting some things into storage, ask them what they would like to keep and what they don't mind parting with for a while. Make sure your kids know that their toys and belongings...

Lexington Named One of the Best Home Buying Cities in US

Lexington Named One of the Best Home Buying Cities in US

If you're in the market for a new home, you've come to the right place! Movoto.com has named Lexington, KY as one of the 10 Best Cities for Home Buyers. The article cites Lexington's high school rankings and the number of homes on the market as the top reasons for why Lexington is not only named the horse capital, but also the "house capital of Kentucky". To view the full list of cities, ...

First Time Homebuyer Series: Step 5: Making an Offer to Purchase

First Time Homebuyer Series: Step 5: Offer to Purchase Purchasing that first house for the first-time Kentucky home buyer is definitely one of the most exciting times in a person’s life! Because purchasing a home in one of the biggest investments you’ll make in your lifetime, we have outlined a step-by-step guide to prepare you for purchasing your home. Each week, we’ll highlight the next step in the process. We’ve already covered how to get pre-approved for a home, how to find a local Realtor, how to figure out ...

Hometrust Warranty Training at Milestone Realty Consultants

We had a great “Lunch and Learn” today with Hometrust Warranty Representative, Amy Wood. I always learn something new about Home Warranties whenever she comes to speak to us. 

Not only is a Home Warranty a great benefit for Buyers, but it is a great benefit to Sellers, as well. When a Seller chooses a Home Warranty on their home while it is being marketed, the Warranty then passes on to the Buyer for one year.  It is a great marketing tool, but it also covers repair costs for many different things that might occur while the home is listed.  The seller does not pay for the warranty unless the home closes. 

At Milestone Realty Consultants...

Prepare Now for the Months Ahead!

Happy Days Are Here Again!! Not the extremely happy days of 2004, but definitely happier than the past 5 years!!

At our monthly Milestone meeting on Thursday, Mike Wheatley gave his statistical report which showed improvement on all fronts. This is particularly encouraging going into the Fall and Winter months which typically produce fewer sales due to the holidays, weather and other distractions. While sales are still steady during the winter months, we always look forward to the spring market which has historically been the most productive season in the Central Kentucky housing market.

If you are thinking about putting your home on the market for sale next Spring, it is time to begin your preparations now. Here is list of some things you can work on while the weather is cold that will put you ahead of the game come springtime:...

How Do You Tell if a Neighborhood is Right for You?

When buying a home, the #1 thing that everyone talks about is LOCATION, LOCATION, LOCATION! Consider some of these questions we found from author Evelyn Fazio, coauthor of the book Staying Sane When Buying or Selling Your Home, to make sure that location is right for you.

Do people have home pride?

Sometimes you can judge a book--or a house--by its cover. Houses that aren't kept up can signal an area full of renters or a town on the decline. But if people are investing in their properties,...

10 Ways to Cut Your Moving Costs

Buying a new Kentucky home is fun--moving, however, is not. Frontdoor.com gives 10 ways to make the process a little easier by paring down costs.

1. If you don't need it, don't pay to move it.

Movers base their prices on what you're shipping, so cutting down on clutter will not only simplify your life, but also cut down on moving expenses. Sell or donate what you don't need or use anymore....

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