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Trick or Treat Times in Northern Kentucky 2007

Thursday, October 25, 2007
by Mike Parker

Happy Halloween!!!!  Listed below are trick or treat dates and times for area Northern Kentucky communities.  These are correct to the best of our knowledge but please check with your local community if you have any questions.

Boone County
Burlington: Wednesday, Oct. 31, 6 to 8 p.m.
Florence: Wednesday, Oct. 31, 6 to 8 p.m.
Hebron: Wednesday, Oct. 31, 6 to 8 p.m.
Richwood: Wednesday, Oct. 31, 6 to 8 p.m.
Union: Wednesday, Oct. 31, 6 to 8 p.m.
Boone County: Wednesday, Oct. 31, 6 to 8 p.m.
Walton: Wednesday, Oct. 31, 6 to 8 p.m.

Campbell County
Alexandria: Wednesday, Oct. 31, 6 - 8 pm.
Bellevue: Wednesday, Oct. 31, 2 to 5 pm
Cold Spring: Wednesday, Oct. 31, 5 to 7 p.m.
Dayton: Wednesday, Oct. 31, 12 to 3 p.m.
Ft. Thomas: Wednesday, Oct. 31, 5 to 7 p.m.
Newport: Wednesday, Oct. 31, 6 to 8 p.m.
Southgate Wednesday, Oct. 31 4 to 7 pm

Kenton County
Covington: Wednesday, Oct. 31, 6 to 8 p.m.
Crescent Springs: Wednesday, Oct. 31, 6 to 8 p.m.
Crestview Hills: Wednesday, Oct. 31, 6 to 8 p.m.
Edgewood: Wednesday, Oct. 31, 6 to 8 p.m.
Erlanger: Wednesday, Oct. 31, 6 to 8 p.m.*
Ft. Mitchell: Wednesday, Oct. 31, 6 to 8 p.m.
Ft. Wright: Wednesday, Oct. 31, 6 to 8 p.m.
Independence: Wednesday, Oct. 31, 6 to 8 p.m.
Ludlow: Wednesday, Oct. 31, 6 to 8 p.m.
Villa Hills: Wednesday, Oct. 31, 6 to 8 p.m.

Grant County

Dry Ridge: Wednesday, Oct. 31, 6 to 8 p.m.

Crittenden:  Wednesday, Oct. 31, 6 to 8 p.m.

Williamstown:  Wednesday, Oct. 31, 6 to 8 p.m.

Corinth: Wednesday, Oct. 31, 6 to 8 p.m.

Gallatin County

Warsaw: Wednesday, Oct. 31, 6 to 8 p.m.

HAVE A SAFE AND HAPPY HALLOWEEN!!!!!!

 

 

Northern Kentucky Market Update Oct. 8, 2007

Monday, October 8, 2007
by Mike Parker
Market Update for 10/08/07
 
 
Active listing for Single Family, Condo/Townhomes and farms – 4221
Sold since 1/1/07 = 4736
Market data as of 10/08/07 at 11:30 AM EST
 
The above data show that there is 8.24 months of supply of homes for Northern Kentucky using the Absorption rate. The absorption rate is figure by dividing the numbers of months into the amount of homes sold. Take that number and divide it into the number of homes for sale (Active) that will give you the number of months on the market by supply.
4736 divide by nine and ¼ months= 512 homes sold per month average
 
4221 homes for sale divide by 512 homes per month sold average = 8.24 months of supply
 
NAR (National Association of Realtors) says that anything under a 6 month supply of home is a Seller’s market and anything over is a Buyer’s market. As you can see we are in a Buyers market, you just have to listen to the news or read a newspaper and they will tell you that.
 
The last two weeks have seen a small increase in showings. Buyers are just darn right picky, they got a lot to choose from, they are in no hurry and they feel if they don’t get a steal, they got cheated.
 
I look for the market to stay like it has to late fall ‘08, showings will continue till near Christmas and then we will have the Holiday slow down.
 
What is selling homes today!?!?!
PRICE! PRICE ! PRICE! And excellent top notch CONDITION. Buyers now days are lazy in that they do not want to do any work, they want the home turn key, just move in condition. They have no time, usually both parents are working and running the kids around or busy with social and work things, people just don’t have time any more to fix things up. Want to get your home SOLD?  Work on the price and have that home in top notch condition.  
 Any questions about the market feel free to call of HUFF Realty at 859-647-0700 or email him at Mike@MikeParker.com

Featured Homes of the Week for Oct. 1- 7, 2007 Podcast!!!

Monday, October 1, 2007
by Mike Parker
Listen to our featured homes of the week podcast by clicking on http://www.switchpod.com/f41171.html?puser=none and visit them visually by clicking on www.nkyhomesandland.com!!!

Kentucky Association of Realtors Meeting Information....

Thursday, September 27, 2007
by Mike Parker
Interested in what was discussed at  the Kentucky Assocaition of Realtors meeting?  Check out our podcast.....visit http://www.switchpod.com/f40788.html?puser=none.

The Northern Kentucky Real Estate Market..What Can I Expect??

Thursday, September 20, 2007
by Mike Parker
Fall is here and that should be good for the real estate market for a couple of reasons.  First, July and August are always slower than most of the year.  I call it a roller-coaster season.  You have people trying to get vacation in before school starts and then when school starts, the market (in a normal market) does not pick back up until usually 7 - 10 days AFTER Labor Day.  The second reason is the media has slowed down on chewing on the mortgage business all over the front pages of our newspapers and the TV.  This tends to scare a lot of people off.  I guess one of the advantages of bing in the real estate business for over 20 years is that you know when the market goes up and down.
 
The past 18 months have not been anything like a normal market.  I do not see our market for the next 9 months, improving.  I actually see it still staying like ti is now, maybe sliding even a little back-wards.  Look for prices to pretty much stay where they are.  I do not see any appreciation in the next 9 months.
 
The rate change has been good but it is going to take more than that to get the buyers out.  Our inventory is about 10% to 15% higher than normal, but we have 40% to 50% less buyers in the market.  That is why you are seeing longer days on the market.  Look for it to continue.
 
Here is pretty good advice.  If you are going to sell your home, price it right for the get go - AT MARKET VALUE!!  Don't give yourself room for negotiating - there is no room for that in this current market.
 
There are five things that sell real estate:
1.  Price
2.  Location
3.  Condition
4.  Terms
5.  Agent you select
 
Price and condition are HUGE in a market like this.  You have to be priced at fair market value or below, and your condition must be in TOP NOTCH- your home has to shine!!!  The front door area and walking up to the home as to be in TOP FORM!  The home has to be exceptionally clean and roomy, not too much furniture and not a bunch or toys or things laying out across the room!  Price and Condition are EVERYTHING in this market!!
 
MARKET FORECAST
 
Look for our market to stay soft, the underwriters for the mortgage companies have tightened the loop buyers have to jump through and have made it a lot tougher to get a loan.  We will see 20% to 30 % more rejections from the mortgage companies.  You will see less people applying for loans because they are scared of the process.  You can still get a 100% loan, but the cost of that loan is high and you have to have a 700 plus credit score to get it.  A lot of people just don't have that good enough of a credit score.
 
Our traffic will remain lighter than normal, it will be better than it was in July and August but lighter than the last 3 or 4 years.  If you have your home for sale or are thinking about putting your home up for sale, work on the condition and work on the price. 
 
Here is the BRIGHT side of our market.  There has NEVER been a better time to buy a home than now!!  You might be getting less for your home today, but you are saving more money buying your next home because that seller is in the same boat you are.  Builders are giving HUGE incentives to build so you can get great buys there too!! 
 
The market is what the market is.  The Northern Kentucky real estate market has run strong for the last ten years.  We did not see the appreciation that the rest of the country saw, but we did well.  Look for the next two to three years to be steady at best.
 
For any comments or questions feel free to contact at mike@mikeparker.com

Renting VS. Buying....The Pro's and Con's!!

Saturday, September 15, 2007
by Mike Parker

Submitted by Jill Kuchle:

Can't decide whether to buy or to rent???  Maybe this can help you make that decision!! 

BUYING

* You will have a GREAT tax write off.

* Your housing expense may never go up

* You can use, decorate, make physical changes to, and ENJOY your home as YOU see fit!

* You may increase your equity as your home appreciates in value.

* You are not at the mercy of your landlord.

* Your house will become "home," not a temporary living situation.

RENTING

* You will have NO tax write off.

* Your rent can go up each year, typically four to ten percent.

* You must get permission from your landlord to make ANY changes to your home.

* You have no equity built up - your money is gone for good.

* You can be evicted, lose your security deposit (attention pet owners!!!) and more!!!

* Your living situation is always temporary!!

Most people buy homes to have control over where they live.  Although investment features are important, the satisfaction of owning your own home and freedom from paying rent are VERY important as well!! 

In a survey done by the National Association of REALTORS of 6,000 homeowners and 2,000 renters - perhaps the largest ever of attitudes toward home ownership - showed that 76% of owners and 66% of renters considered pride of ownership a very important reason for buying.

Almost equal portions of owners and renters - close to 7 out of 10 - said a dislike of paying rent was an important reason to buy.  Sure renting offers a lifestyle that's nearly maintenance free, but writing a rent check is also like watching your hard earn money sail off into the sunset!!!

Believe me, sacrifices are WORTH it.....almost 7 in 10 renters in the National Association of REALTORS home ownership survey said they planned to buy a home in the future.  More than 3/4 of these people said they were willing to sacrifice to do that. 

Check out the chart below to see how the cost of renting based on a 6% rental increase each year can add up....

 
$300 per month for rent today You’ll Pay
$350 per month for rent today You’ll Pay
$400 per month for rent today You’ll Pay
$450 per month for rent today You’ll Pay
$500 per month for rent today You’ll Pay
$600 per month for rent today You’ll Pay
$700 per month for rent today You’ll Pay
This Year
$3,600
$4,200
$4,800
$5,400
$6,000
$7,200
$8,400
Next Year
$3,816
$4,452
$5,088
$5,724
$6,360
$7,632
$8,904
3rd Year
$4,045
$4,719
$5,393
$6,067
$6,742
$8,088
$9,438
4th Year
$4,288
$5,002
$5,717
$6,431
$7,147
$8,575
$10,005
5th Year
$4,545
$5,302
$6,060
$6,817
$7,576
$9,054
$10,605
6th Year
$4,818
$5,620
$6,424
$7,226
$8,031
$9,635
$11,241
7th Year
$5,107
$5,957
$6,809
$7,660
$8,513
$10,210
$11,916
8th Year
$5,413
$6,314
$7,218
$8,120
$9,023
$10,824
$12,630
9th Year
$5,738
$6,693
$7,651
$9,023
$9,564
$11,472
$13,388
10th Year
$6,082
$7,095
$8,110
$9,564
$10,138
$12,164
$14,192
TOTAL
$47,452
$55,354
$63,272
$71,175
$79,094
$94,856
$110,719

So let's get started on the purchase of your new home!!  Contact us if you would like to receive lisitngs as they hit the market via email or check out a hassle free website www.nkyhomesbyemail.com.

How Much Can I Spend on a New Home?????

Friday, August 24, 2007
by Mike Parker

Submitted by Jill Kuchle:

You might have an idea of the loan payment and mortgage you can afford. But how will the bank feel?   It's always best to get pre-qualifed for a mortgage so you know exactly how much a bank or other financial institution would be willing to lend you.   And it will let you look at homes that are definately within your price range!!  This way, there will be no disapointments!!!

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

We have a terrific lender who can help you will all your residential mortage needs.  Just contact our office today for more information.  859-647-0700.

DO YOU KNOW ABOUT OUR MOVING VAN????

After almost four years our free moving van has been a HUGE hit with far more interest than we ever imagined.  More and more of our clients are using the van in their HOA (home owners association) events, or moving chairs for a school PTA event or even for church raffles.  Did you know we make it available FREE for these purposes?  If you have a charitable non-profit event coming up and need to move stuff, moving yourself, or give use of the van away in a raffle, contact us today and book the van out.  It's all a part of supporting the community that has been so good to us.

Please don't forget it's also yours to use when you need to pick up that new antique chest of drawers you found at the neighborhood estate sale, or maybe helping the lady next door move into her new condo!!

Call us to schedule the van, it is of course always subject to prior reservation, and please note you must be 21 years old with a valid license and insurance, and the truck cannot go more than 50 miles from Florence.  Other terms and conditions apply to satisfy our insurance agent, but please it's there to be used! 

 

What are the Advantages of Working with The Mike Parker Team to Buy a Home?

Thursday, July 26, 2007
by Mike Parker

Submitted by Jill Kuchle:

Real estate is a complicated business.  There are a bazillion little details that must be handled on a timely basis in order to provide the quality of Service that YOU deserve!!!  The Team's professional input will help prepare your home for sale or they will "search th world over" for your dream home!!!  The Mike Parker Team has developed their own marketing and servicing team to insure that you, their client receives memorable real estate service!!   NOT just satisfactory but TRULY MEMORABLE!!!

Buying a home is certainly one of the most reward-able experiences most of us can ever have; it is also very hectic and can be very challenging.  If you're buying for the first time, the process may seem very overwhelming  And even if you've been through it several times, you know, every move is different, and each present it's own set of new challenges.  SO, one clear advantage of calling on the Mike Parker Team for help is simply that you don't have to "go it alone!!"  Mike and his staff have the training, the know how, and the experience (over 50 years!!) to help you and your family through each step of the buying process, and make the process of finding, buying, and moving into your new home as smooth, quick, and enjoyable as it can be.  Another advantage is that The Mike Parker Team represents a valuable source if information about market trends, communities and neighborhoods, and especially, homes for sale throughout the area. 

In addition, The Mike Parker Team employs the team approach with a competent team of professionals to ensure a smooth process every step of the way....all the way to your new home!!

Displaying blog entries 71-78 of 78

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Photo of Mike Parker - CRS Real Estate
Mike Parker - CRS
HUFF Realty
60 Cavalier Blvd.
Florence KY 41042
859-647-0700
859-486-3300
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