Springtime in Lexington

Well Spring is trying to get here…we have had a taste of warmer weather with a mix of some cooler weather  and promises by the weather persons of  some even  nicer weather to come so perhaps even though March came in like a lion  it truly will go out like a lamb.  March Madness is in full bloom with everyone hoping that the UK Cat’s will do well.  It has been a while since I have seen this much excitement  surrounding the NCAA and I myself welcome it’s return.  I think it is a part of the rites of Spring here in KY and has been missing in the recent past several years.

One other rite of spring that I have noticed returning is the real estate market.  It seems to recently have become quite active  as buyers and sellers both try to take advantage of the spring market which is being aided by the Federal and State Tax Credits that are available.  We have gone past the deadline for those who wish to use them and do a “build to suit from scratch” as builders need time to build and complete the Lexington homes, but there are what are called “spec homes” or “field models” that some builders such as Ball Homes have in inventory in various stages. Depending on what stage of construction  it is, and if one does not delay, you could still get a new home completed before that June 30^th deadline to close  as long as they are go to  contract before the April 30^th deadline.  Bottom line if one is interested in a brand new home it is still possible but their options are becoming more limited as the April 30^th deadline approaches. 

Keep in mind that this April 30^th contract deadline also is in effect for the re-sale market of existing or completed homes as well and after the April 30^th date that one can no longer take advantage of the Tax Credits  unless they are extended and it does not sound like that will happen.  Bottom line… If one is thinking of making a move there is nothing like now.  

 Hmmm… you say not quite ready or not thinking of moving? Well, one can still have an opportunity to take advantage of springtime in Ky  as it truly is a magnificent time of the year here with new sprouts and  emerging  growth appearing and wildflower and other  blossoms being found abundantly all about  in all their glory and the spring racing at Keeneland is not too far off either which is another rite of springtime here so get out and take advantage of what you can and just enjoy the Spring for what it is.  Ending with the hope that the economy will continue to become active and blossom as well