Lexington KY Real Estate Blog

If you are in Lexington November 14th or any day through November 17, 2018, swing by the warehouse sale at Pomegrante. If you are not familiar with the Pomegrante brand and goodies, well hang on because let me tell you why they are pretty special.  In Kentucky, we consider ourselves in the South and that means we have a fine mix of Southern traditions all rolled in with big city flair. Pomegrante is just that, perfect for the Kentucky life as well as life in other modern cities. Well it is great even if you are entertaining in a good ole fashion farmhouse or barn. They are just that cool!  Pomegrante brings us fine linens from India and accessories and is based right here in Lexington, KY. They have been a staple for over 25 years so chances are you have

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Last night I heard that A.O. Smith, the largest manufacture of water heaters in the United States had recalled over 600,000 water heaters to date. This November 2018  recall impacts gas units installed from 2011 to 2016. Whirlpool, Kenmore, Reliance, State and U.S. Craftsmaster units installed during the same time frame are also on the recall list. You can read more about the recall below and to see if yours is on the list. I checked a family member's home today and obtained the serial number. You will also need to see if the gas water heater is sitting in a metal pan and what type of flooring material the unit is sitting on. If yours is on the recall list, they ask you shut if off ASAP. 

Check your serial number on this website here and see if

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Last week the Federal Reserve met and decided not to raise the rates but they are meeting again in December and expect rates to rise then. Back in September, the Federal Reserve raised interest rates for the third time in 2018 and they're expected to go up one more time this year and three times next year. If you have a Home Equity Line of Credit, HELOC, you're paying more to use that money and it is going to become more expensive. It may make sense to refinance your home and consolidate the balance of your HELOC to lock in a lower mortgage rate. Most lenders require that the combination of these loans should not exceed 80% of the home's fair market value and that you have good credit and adequate income to support the payment.

A HELOC is a first

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It may be an all too common belief that a person will have a house payment and a car payment for the rest of their lives.  However, with a plan and some determination, you can be mortgage free.

Planning for retirement is obviously important and many times, an activity plagued by procrastination.  Some homeowners' goal is to have their home paid for by retirement, so they won't have payments.  It makes sense to eliminate a sizable recurring expense before they quit working. By making regular principal contributions in addition to the payments, the debt can be eliminated by the target retirement date. Assume a homeowner refinanced their $300,000 mortgage at 4% last year for 30 years with the first payment due on May 1, 2017.  With normal…
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 Hi Lexington Friends,

Good Morning to All. The city of Lexington has just changed the city wide Trick-or-Treat to tomorrow night, Tuesday October 30, 2018 from 6:00 to 8:00 p.m. Heavy rain is forecasted for Halloween night and the city wants to take all precautions and instead move up the annual night of fun to tomorrow. Many other cities around Central Kentucky are moving theirs also. See the full list below. Have a fun and safe night! 

Click here to see the full list for the Central Kentucky communities. 

Lexington Ky is always #1 in my book! Whether you want to buy a downtown condo, a custom walkout ranch on a golf course, or a horse farm in the country, I can help find the perfect home for you – as well as help you sell your home. In

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"I'd like to find a home in the school district with the highest test scores. Can you help me find my new home?"


Years ago, a question like this from a prospective homebuyer would raise eyebrows. Now, test scores and accelerated programs are top features that dominate many homebuying discussions across the country. In a recently-released survey from Realtor.com, the adage "location, location, location" still holds true, but for three–quarters of buyers, this really means "school district, school district, school district." This is true for 91% of homebuying families with children.

For buyers that place a high priority on school districts 78% are making compromises on their home features and wish lists to live in their ideal school district.

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The gutters and downspouts on your home are intended to channel rainwater away from your home and its foundation.  When they're blocked and not functioning properly they can lead to the gutters coming loose, wood rot and mildew, staining of painted surfaces, and even worse, foundation issues or water penetration into the interior of the home.

Most experts recommend cleaning the gutters at least once a year.  More often might be necessary depending on the proximity of leaves and other debris that could collect. If this is a task that you feel comfortable about tackling yourself, there are few things to consider.  If the debris is dry, it will be easier to clean the gutters.  Safety is important, and precautions should be taken such as using a…
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Last week my real estate took me to Bourbon County, Kentucky. I showed a farm right outside of Paris, KY and after my showing on the farm and home, my client and I saw the signs for Reed Valley Orchard. I mean who doesn't like the taste of fresh apples and all the cool apple food products that seem to go hand in hand with fall. Once we saw the sign, we turned down yet another country road and proceeded on our way. Reed Valley is located at 239 Lail Lane in Paris which is about 7 miles from downtown Paris and really not far from Lexington, Cynthina and Winchester. It is right in the middle of horse country.  While visiting this cute place, we learned the First trees were planted back in 1989 shortly after the owners purchased the land. Today there are over

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With the early winter temperatures already approaching the Lexington, Kentucky and Central Kentucky region, it is a good ideal to walk around the exterior of your home. Check out the video below to see why taking less than 5 minutes can save you hundreds of dollars in the long run.

Lexington Ky is always #1 in my book! Whether you want to buy a downtown condo, a custom walkout ranch on a golf course, or a horse farm in the country, I can help find the perfect home for you – as well as help you sell your home. In addition to Lexington Real Estate, I specialize in the nearby towns of Paris, Midway, Georgetown, Winchester, Nicholasville and Versailles.

Kim Soper, REALTOR
Residential, Kentucky Horse Farms & Commercial Real Estate

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FHA allows owner-occupants to purchase up to a four-unit property with a minimum 3.5% down payment.  The rent collected on three units could be used to make the payment and the owners' pro-rata share would be less than ¼ of the payment itself.


The owner-occupied unit would be considered their principal residence.  The other three units are treated as rental property and eligible for cost recovery, a non-cash deduction plus all the normal business expenses.  The rental income of the three remaining units is calculated as income and assists the buyer in qualifying. A homeowner could buy a four-unit, live in one for two years, buy another four-unit with a minimum down payment, move into one unit, rent the other three as well as the previous unit in…
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