There are currently 195 homes for sale in the Burlington and Hebron areas of Northern Kentucky. Prices range from $35,900 to $799,900 with the median price at $179,900 featuring 4 beds/3baths. The average number of days on market for that median home is 111 days, highlighting the fact that it is still a buyer's market out there where you have some room to negotiate for a slightly better price. In fact, for the 210 homes that have already sold in these two areas in the last 6 months, the average list price was $160,998, but the average sale price was $157,250. That's about a 2.5% spread we've seen in the last 6 months with an average of 63 days on market. It's taking longer to sell now, so the spread will be widening slightly, especially during these next few months.
So now the question is, what is your budget? Did you get pre-approved by a lender yet? If not, do so now and don't make the mistake of looking for a home when you don't have the the pre-approval confirmed. I see way too many buyers try to start out on their search with only a self summary of their finances. You will get bumped when you find out that in order to even submit the offer to purchase, you will need to supply a pre-approval letter from your lender in order for the seller to even consider your bid. For cash buyers, you will need a proof of funds before anyone will consider your bid. Proof is in the papers, not your word.
If you have the proof in hands, then it's time to break down the Burlington/Hebron Real Estate Market and find your correct price range. And remember, try to stay under your pre-approved amount. It will be nice to eat pizza on Friday nights or go out to a movie once in awhile, rather than slave to make the next mortgage payment just because you were pre-approved for a higher amount. So with that thought, check out some of these breakouts:
Happy home hunting!
NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®
I specialize in helping buyers and sellers with their real estate needs in Northern KY (Florence, Erlanger, Union, Richwood, Burlington, Hebron, Taylor Mill and surrounding areas) and in Cincinnati, OH (Hyde Park, Oakley, Clifton, Mt. Adams and surrounding areas). With passion, I invite you to board my boat for your next destination and allow me the opportunity to help you navigate the ever changing currents of this incredible market!
just ask cathy...
Helping to educate buyers & sellers to make sound real estate decisions.
EXIT / 513.673.7726 / www.mileshometeam.com / I-Fax: 888. 398. 3974 / firstname.lastname@example.org