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Open House Sunday Hosted by Monica Hess
2:00 - 4:00 PM
194 Rapid Crossing MT Sterling KY 40353

Modern new condo.
$128,900
Each with 2 bedrooms, 2 bath, Living Room with vaulted ceiling, kitchen with stainless appliances, utility room, 1 car garage, security system, porch, deck, all electric, handicap accessible, 1 year builder's warranty, maintenance free living.
Convenient to EVERYTHING!
Bedrooms: 2
Bathrooms: 2
Year Built: 2008
Subdivision: Stillwater
Located off Queen St.
School District: Montgomery County
Square Footage: Approx. 1072
Appliances: Range/Oven, Full Refrigerator, Dishwasher, Sink, Disposal, Microwave
Interior Amenities: Security System, Vaulted Ceilings, Carpet, Tile, Attic
Building Amenities: Guest Parking

Lizette Fitzpatrick- Principal Broker at Lizette Realty.
#1 featured Kentucky Realtor on Activerain.com and Localism.com.
Publisher/Author for the only Central Kentucky email newsletter on local real estate listings and sold properties, Kentucky relocation, local events, homeowner information and fun!
For more information on Lizette, Kentucky Horse Farms, Lizette Realty, Madison County, Fayette County, Richmond or Lexington KY real estate
click on Lizette.us.
See for yourself what Lizette's extraordinary clients have to say about their Kentucky Real Estate experience. Copyright © 2009 By Lizette Fitzpatrick, All Rights Reserved *Open House Sunday - 194 Rapid Crossing Mt. Sterling KY 40353*
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Just about every client that I meet with now days ask me the question, should I consider buying a foreclosure? Without question, there are some great stories about people getting wonderful deals on foreclosures, but there are just as many stories of people ending up with an unfinished house and no money to finish it.
The process of selling foreclosures has changed over the last year. Before that, most banks would take foreclosures to the court house steps and have an absolute auction. This meant that the highest bidder wins. The downsides are that you rarely are able to inspect or even see the house before the auction, you have to put down 10% at the auction, and you had a limited number of days to close on the property.
Court House Auction
· 10% Down (often non-refundable)
· No Inspection
· Typically Buyer is going in with limited knowledge on property
With the increase in foreclosures, banks have seen increased the number of homes that they put into the hands of realtors. This does allow you to view the property before hand and even have the opportunity to have a home inspection, but in general you are paying more than at auction, hence why banks do it.
Bank Repo's with Realtors
· Typically 1% down
· Allowed to view before making offer to purchase
· Buyer permitted to have Inspection
· Offers are typically required to be As-Is (no repairs)
· Generally need some repairs
So should you consider a foreclosed home? A lot of it depends on the client. Are you financially able to make repairs if they are needed? There are very few of these properties that are left in pristine condition. Do you have the cash to make these repairs?
Common needs include:
· A new heating and air system
· New flooring throughout most of the house
· Replace a roof
· Electrical issues
My personal belief is that foreclosures, especially at auction, are meant for investors with capital to make the repairs. First time home buyers often find themselves overwhelmed by the amount of work and the cost required to fix up one of these homes. Don't let get fooled by a tv show.
This Blog is written by:
Nick@FindMyKyHome.com
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In Mt. Sterling Kentucky: October Court Days = A Wild Weekend of Shopping!
There is NOTHING in this world as whacky as October Court Day in Mt. Sterling Kentucky! It's completely in my blood and genes. There's no known cure for it and I am afraid it is terminal.
There is no way I would miss a year of attending.
It always occurs every third Monday in October. That was when court was in session and country folk came into town to swap, trade, sell while they wasted away the day waiting to see how issues in court would turn out. It quickly expanded into Saturday and Sunday too since everyone came to town early.
I sort of grew up in Mt. Sterling since both sets of Grandparents and loads of relatives lived Montgomery County. Mom & Dad went to high school there as well.
My grandmother Elizabeth lived right downtown in an apartment over a grocery store on Main Street. I loved visiting the stores in town and there is something sweet and comforting about being downtown for me.
Normally, Mt. Sterling is a quiet little Kentucky town of 6,317(2005 census) it grows to an estimated 130,000 during October Court Days!
The whole town is a giant flea market with most of the downtown streets blocked for traffic and turned into miles of vendors. I have seen every type of item for sale here. The smell of food cooking on the outdoor grills is fabulous too! Each year there is a new HOT ITEM!
Last year it was designer knock-off handbags. We stopped at one table that was a small mountain of faux Chanel and Coach handbags. Surrounding it almost four bodies deep, were frantic crazy women snatching, grabbing and bargaining with the seller in lightning speed!
The seller was this tiny Oriental girl standing on two concrete blocks(so she could have a good vantage point) with a fistful of money in one hand and a load of plastic bags on the other arm.
She would tell you what the bag was priced... then grab your money. There were many more boxes under the table full of purses. It was the quick and the dead if you wanted one.
The seller said she would only be there one day...so you better get it while the gittin is good! WhooHoo, it was fun!
Back in the day my Dad said his favorite vendor was an old Indian that sold snake oil(with a bit of Magic Corn Salve and Black Draught). I didn't ever see him.
One of my favorites of October Court Days was an organ grinder with a monkey.
He would stand in the street and the monkey would gather silver coins from the tight circle of children and their parents.
Try to give him a penny and he would refuse to touch it.
Everyone would laugh and give him a quarter. I always thought that guy was a genius for making money the easy way.

I always look for the unique items like this toilet paper holder made from horseshoes!
I also thought these little pets called Sugar Gliders were neat.
I held one in my hand and his little toenails were pretty sharp. The sugar gliders knew their names and would jump in the air over to their handlers. They were sweet but I didn't think I wanted to take another critter home. there was quite a crowd of parents taking a look at ownership. Kids were crying...you know the drill.
Anyway we parked kind of far from the event, so it made it a long haul to take back bargains to stash in the trunk. After one time back we were worn out and ready to call it a day.
Like I said, there is nothing like October Court Days but after the end of one you swear you will never do it again...then you are back again in Mt. Sterling the next year.
Maybe it's like having a baby... you forget all the pain you endured and have another one. After I recover this year, I will be looking forward to next time!


Lizette Fitzpatrick- Principal Broker at Lizette Realty.
#1 featured Kentucky Realtor on Activerain.com and Localism.com.
Publisher/Author for the only Central Kentucky email newsletter on local real estate listings and sold properties, Kentucky relocation, local events, homeowner information and fun!
For more information on Lizette, Kentucky Horse Farms, Lizette Realty, Madison County, Fayette County, Richmond or Lexington KY real estate
click on Lizette.us.
See for yourself what Lizette's extraordinary clients have to say about their Kentucky Real Estate experience. Copyright © 2009 By Lizette Fitzpatrick, All Rights Reserved.*October Court Days / Mt. Sterling Kentucky*
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