Foreclosure Auctions: Invitingly Discounted Prices
Lexington currently has 360 foreclosed homes and houses for sale at its scheduled foreclosure auctions in the near future. These residences have a median listed price of “just” $99,448, that is, so far as properties go. However, there are also 1,813 other FSBO {for sale by owner} homes to be sold through property auctions, and these sport a median listed price of $184,900. The nearly double price that the other properties have over the foreclosed homes strikingly illustrates the almost 50 percent discount that prospective homebuyer get at the foreclosure auctions. The frenzied crowds and fiercely competitive bidding at the foreclosure auctions are, therefore, quite predictable.
Lexington is the second biggest city of the US state of Kentucky, and the 66th largest city in the whole of US. Situated in the interior of the Bluegrass area, Lexington has earned the sobriquet of being “the World’s Horse Capital”. With nearly 40 percent of its citizens possessing at least a Bachelor’s degree, Lexington counts among the Top 10 Literate US Cities. It plays host to Kentucky Horse Park, Red Mile and Keeneland race courses, University of Kentucky and Transylvania University. Besides, the city has been chosen as the site of the 20 {FEI} World Equestrian Games.
Among the sundry suburban places of Lexington may be mentioned: Indian Hills, Jenkins, Marion, Somerset, Orchard Grass Hills, Monkey’s Eyebrow, Meadowbrook Farm, Plantation, River Bluff, Sanders, Oakland, Perryville, Edgewood, Douglass Hills, Kingsley, Ghent, Eminence, Shively, Bedford, Lynch, Butler, Lincolnshire, Flemingsburg, Clarkson, Augusta, Barbourville, Ferguson, Evarts, Campbellsburg, Dry Ridge, Ashland, Fox Chase, Crestwood, Elizabethtown, Norwood, Booneville, Nicholasville, Hell’s Neck, Highland Heights, Glencoe, Elsmere, Lakeview Heights, Alexandria, Kevil, Jamestown, Dawson Springs, Hazel, Glenview, Manor, Irvington, Providence, Warfield, Vine Grove, Wickliffe, Upton, Wilmore, Taylorsville Worthington Hills and Vanceburg.
Property Auctions: Ally & Knowledge
Lexington real estate market witnesses Phil Holoubek, John W. Cole, David Allen and Jeffrey S. Kerr as dominant players, though they are neither sellers nor buyers of homes. As leading property brokers there, they bring investors and sellers to the negotiating table and lead to actual transactions. You ought to hire a real estate agent to represent your concerns at the Lexington property auctions, especially if you are a first-time investor in real estate. Only with practical guidance from an experienced agent can you hope to reap a windfall from your property investment. You must be careful that the agent you hire is duly certified by the real estate department of the state. A competent broker will pay consideration to your specifications, offer you practical guidance in selecting homes, help you in the mortgage loan you take, advise you on the maximum bid price that you can afford, and remain available for last-minute contingencies.
Worried at the surge of government foreclosures occurring throughout the nation, the US government has launched a website aimed to educate real estate investors. It will hopefully enable prospective homebuyers to steer away from situations and events that might subsequently cause a seizure. Therefore, it ought to help if you were to acquaint yourself with the contents of the website
