We buy houses in Elizabethtown Kentucky. We are professional homebuyers in Elizabethtown and is it still a buyer’s market today in Kentucky or can I good price if I sell my home in Elizabethtown KY? As experts in the Kentucky real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
The State of the Market for Sellers in Elizabethtown KY
First off, it really depends on the property type and location in Kentucky.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns. This leaves people wondering who buys houses in Kentucky?…
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Kentucky, but seem to be rebounding as the rental market increases.
Investment properties are in demand in Elizabethtown.
The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Kentucky market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out. A lot of “We buy houses Kentucky” companies will not play games because they actually want to purchase a property rather than provide estimates to sellers testing the market.
Financing is still a major obstacle for buyers in Kentucky.
Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.
Sell My House in Elizabethtown KY
We’re investing in Elizabethtown because we believe in the community and the people here. If you need to sell your house in KY, we can help you. We are Kentucky home buyers and we offer cash for houses in Elizabethtown in any situation. If you have any questions, don’t hesitate to reach out to our team! We will make the process simple so you can quickly sell your property and move on!