Lexington, Kentucky real estate is sought-after by many homebuyers for its idyllic location in Fayette County. The region has so much to offer, including equestrian events, local breweries, and sprawling farmlands. Although moving to Lexington is exciting, breaking into its real estate market can sometimes feel daunting. To make your real estate experience as stress-free as possible, here’s a list of frequently asked questions:
There are so many reasons why Lexington is so amazing. The city is full of vibrant energy and culture, attracting people from all walks of life.
Not only does the city have the best equestrian scene in the world. Lexington is home to one of the largest shopping malls in the state and several top-rated parks.
Alongside all the outstanding activities and amenities, Lexington offers a diverse range of real estate. The city is known for its farmland and acreages, but there are tons of charming, single-family homes on the market.
With so many great qualities, it’s impossible to list all the reasons why you should move to Lexington.
What Are the Benefits of Hiring a Buyer’s Agent?
There are plenty of reasons why homebuyers should hire a real estate agent. When you have a real estate agent on your side, the sometimes stressful moments of buying a home are soothed.
Your agent will show you homes that only suit your personal requirements so you can find the home of your dreams.
Once you’ve made a decision on a property, your agent will negotiate a deal with the seller. They’ll work to get you the best price the market will allow. After all of this is done, your real estate agent will handle all the paperwork so you can celebrate with your champagne pop moment.
Selling a home is a massive job. When you have a seller’s agent, you can leave all the heavy lifting to them.
A great real estate agent will use specialized techniques to market your home. They’ll make sure your listing shows up in the hands of ideal homebuyers, so your home is sold quickly and for the highest price possible.
Once someone makes an offer on your home, your agent will negotiate on your behalf to get you the best deal with the most favorable terms and conditions. An outstanding real estate agent will make the sale of your home a positive experience overall.
What Is My First Step in Buying a Home?
The first thing you want to do when you decide to buy a home in Lexington, Kentucky is to get your mortgage pre-approved. To get pre-approved, consult a banker who will analyze your finances and determine how much a bank will lend you. When you know this number, you know your budget.
Your budget will allow you and your real estate agent to refine search results so you can find properties within your price range.
There’s no firm answer on how long it takes to buy a home—circumstances are different for everyone. Some buyers are lucky and find their dream home right away, while others may have a harder time.
Usually, after you find the perfect home, negotiations and sales agreements can take a few weeks to complete. If there are several contingencies to remove before the close of the agreement, the process can take longer.
It can take anywhere from two to three months to buy a home, but it can sometimes take longer.
Why Buy Farmland in Lexington?
Lexington real estate has a wide variety of farmland on the market that ranges from 10 to 450 acre properties. Since the area is protected by urban growth plans that set a minimum lot size in agricultural areas, you’re sure to find a significant piece of land in this city.
Lexington is known to have some of the best farmland in the country because of its extremely fertile soil. In fact, when settlers first came to the region, they considered Lexington the land of milk and honey for its incredible earth.
The land is nourished by limestone, so crops of hay and alfalfa thrive. The farmland is also flat, making it the ideal topography for farming.
To search all farmland in the Lexington and Bluegrass area, visit the farmland community page.
Lexington’s rich culture that surrounds horse breeding and competition has earned the city the title of horse capital of the world.
There is plenty of real estate that caters to equestrian enthusiasts. You can find large acreages that have pastureland, racing rings, and barns that make them ideal for your horses.
In addition to the amazing farms for sale, the city itself hosts equestrian events throughout the year, so when you own land in Lexington, you’re in the center of the action.
To learn more about Lexington, Kentucky real estate, contact one of our local agents today!