Paducah, KY Real Estate News

By Bill Dunn
(Elite Realty Group)
After I got up this morning I checked the newspaper as I usually do. I always read the online version of the paper as it's easier and cheaper for me. A monthly subscription of the online version is about $5.50 / month. On the frontpage was an article about tax rates rising while property values have been decreasing. Next to the article was a photo of a home with a Prudential sign in front of it. To my surprise the house was a listing of mine and the sign was mine! Unfortunately, the address of the home was not listed with the photo. The photo was taken by Lance Dennee of the paducah Sun.
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By Bill Dunn
(Elite Realty Group)
Meet Bruce Lunsford. Candidate for US Senate in Kentucky. There's a TV and radio commercial here in Kentucky advertising Bruce Lunsford's (D) bid for the senate. He's running against incumbent Mitch McConnell (R). One of the statements in Lunsford's ads says "He met payroll". What idiot thought that up? Doesn't every business owner across the country meet payroll? Does this make every business owner qualified for a position in the US Senate? I think not. So you met payroll. Big deal! Did you manage to put your shoes on the right feet in the morning as well?
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By Bill Dunn
(Elite Realty Group)
Last Christmas, my wife bought me a ticket for a "Discovery Flight" from Midwest Aviation. This business is located next to the Barkley Regional Airport just west of Paducah. Midwest offers aviation services to the area out of Barkley. This Discovery Flight was, IMO, cheaply priced at a mere $75 for about a 30 minute plane ride. My 10 year old son and I took our plane ride yesterday. Of course, this plane ride was everything my son talked about for a couple of days beforehand. We arrived at the airport 10 minutes before our scheduled time. We found the front desk easily using the directions I was given to navigate the building. I handed the ticket to the young lady at the desk and she said I could wait on the couch for a few minutes. A gentleman, probably in his early 20's quickly arriv...
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By Bill Dunn
(Elite Realty Group)
Like anyone, I am always tickled when I get a reply off my website. In the past 2 weeks I've gotten a couple of strange phone calls. But I was glad to have gotten them. One call was from an insurance agent. She told me a gentleman asked her for an insurance quote on a home he had found on my web site. She called me to obtain some details about the home. Before I learned my web site was involved I told her I didn't have any idea what she was talking about. The home was an hour away from my area of expertise. I received another call today from a television reporter in the Nashville area. She wanted information about a family that lived in a home in Cadiz, KY. She thought I was the listing agent. She said there was a murder in the home last night, although I can't find anything about it on...
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By Bill Dunn
(Elite Realty Group)
Today my family and I spent most of my time watching TV. While channel surfing we came across a marathon on A&E called "Parking Wars". It's a reality TV show that shows the daily events of the Philadelphia Parking Authority. The show has periods where the camera crew follow "meter maids", tow truck drivers and the staff at the impound lot. As you might expect, the public that is shown is not in a good mood. Most of the public is either being ticketed for being parked in a no parking zone, next to a fire hydrant or in a rush hour zone. One lady we saw today was double parked. Other vehicles were having a "boot" placed on a tire so they couldn't leave or the vehicle was being towed. These vehicles had an excess in parking tickets.   My wife and I watched this show with interest because we...
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By Bill Dunn
(Elite Realty Group)
Paducah's GPS RecycleNow recycling efforts have expanded hours and a new location! Now, you can bring your recyclables to 1830 North 8th Street during the following hours: Thursday 12pm - 6pm Friday     7am - 12pm Saturday  9am - 1pm Volunteers are needed to help. Volunteering information can be found at http://www.recyclenowpaducah.com/node/18 An example of acceptable recycables are shown below.
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By Bill Dunn
(Elite Realty Group)
When I married my wife back in 2001, the deal included a couple of winter tires! One of the things that intrigued us when we first talked on the phone before our blind date was the fact that we both owned Ford Broncos. She had the one her dad gave her and I had one I bought myself. Her Bronco was an '86 and mine was a '92. Her dad had bought a couple of WinterTrax winter tires for her. For as long as I've known my wife she never used the tires. it doesn't really snow that much around here. I never installed them on her truck or any other vehicle. A few years ago I asked her if it was ok to sell those tires. I listed them on our local Classifieds web site for a few dollars. This web site is always hopping with visitors and ads - which I happen to manage . I didn't get a single response. ...
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By Bill Dunn
(Elite Realty Group)
Thursday, September 25 Family Entertainment – Wilson Stage 5:30 PM – Elsenpeter Marionettes 6:00 PM – Elsenpeter Marionettes   Family Entertainment – Four Rivers Church Hospitality Tent Big Screen T.V.’s will be showing the latest in family films nightly 5:00 PM – 9:00 PM – Clay Creation Station – Bring your entire family to take part in this hands on creative experience.   Main Stage Entertainment 5:00 PM – 5 on Friday 7:00 PM – Murr-Vegas All Stars   Friday, September 26 Lots of Tasty Barbecue and Fixin’s at various booths Children’s Activities at Wilson Stage and Four Rivers Church Hospitality Tent Live entertainment on the Main Stage in front of the Beer Garden which opens at 13th Ever Media Cook-Off - Come out and cheer on your favorite media personalities as they compete in the I...
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By Bill Dunn
(Elite Realty Group)
The remains of hurricane Ike passed just west and north of western Kentucky this morning. At 7:10am the power at my home went off. After a couple of hours the power came back on for a few minutes and went out again. Four hours later the power came for good. I had to respond to a power outage downtown and check on my wife's store. The roof of her store has a rubber roof on it. The rubber roof was being so inflated it almost looked like a balloon. I thought the high winds were getting between the rubber and the roof through a big hole somewhere so I got up there to check it out. I took a roll of duck tape with me. I did not find a big hole but did try to foolishly apply some duck tape in a few places. The duck tape wouldn't stick to the rubber. The Paducah area literally looks like a torn...
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By Bill Dunn
(Elite Realty Group)
Today I went to the McCracken County Master Commissioner's Sale. It was held at 1:30pm inside the courthouse at the steps going upstairs. This was my first time attending one of these so when I had always heard someone saying "courthouse steps" I always thought they meant outside. Turns out it's inside. Up for auction today were 11 properties. Four properties were removed from the list as a sale or something had enabled their removal from the list. Properties ranged from around $23,000 to $229,000. There were probably 30 to 40 people there. I noticed a couple of other agents there. I assume with clients. There were at least a couple of attorneys there representing lenders. I had many reasons for attending. I wanted to learn if it was really possible to get a great deal at one of these a...
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By Bill Dunn
(Elite Realty Group)
Ok, I'm going to complain and/or write a letter to the editor of the Paducah Sun regarding this fantastic idea someone at city hall just came up with. A few years ago the city of Paducah had a "meter maid". He walked up and down Broadway marking tires with chalk and giving out parking tickets to people that had been parked in the same spot for more than the allowed time. Nothing special, no one likes getting a ticket but this parking enforcement was necessary to keep downtown businesses happy. Available parking means customers. No parking, no customers. For some reason the city did away with the "meter maid" position. Ever since downtown employees, business owners, etc. have taken advantage of the situation and parked in limited time spaces for as long as they needed. This presented pro...
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By Sandi Saunders
(Century21 Service )
Hello fellow blogers, new comer here my name is Sandi Saunders a fairly new realtor. I was in retail for 12 years and it was very gradifing . I gained alot of loyal customers. While in retail i also traveled showing dogs on the dog show circute. I miss it dearly I wanted to make it to West Minster finals. I do feel like my realestate is an extenision of all that i have done in the past. I meet my loyals again and i can meet new ones. With all that said realestate is a very fulfilling business, you do help in making dreams come true and the look on someones face when you find just the home they were looking for. Thank you Sandi Saunders Century 21 Service Realty Paducah, Ky 42001
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By Bill Dunn
(Elite Realty Group)
I'm sure not many people have ever heard the term "negative equity". Let's discuss what it means to me. I'm told, and from what I read quite frequently, that many people in states like Florida and California are finding themselves "upside down" in their mortgage. The term "upside down" means they owe more on their home than what it's worth because they paid an amount higher than what it's currently worth. Upside down sort of means you have "negative equity". Positive equity, good. Negative equity, bad. Being upside down isn't typically a problem unless the home owner has a rising "adjustable rate mortgage" or ARM. People in these states have found themselves upside down with an increasing adjustable rate mortgage. This combination is where the disaster lies. As the ARM increases, the mo...
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By Crystal Allen
(Century 21 Service Realty)
Notable residents of Paducah, KYPaducah was the birthplace or residence of the following notable people: Vice President Alben W. Barkley spent much of his life in Paducah, and has a lake, an airport and other landmarks named after him in the area. His historic home, Angles, is a private residence. One can visit Whitehaven, a mansion-turned-welcome-center off Interstate 24, where some of his memorabilia is displayed. Julian Carroll, Governor of Kentucky from 1974 to 1979 Steven Curtis Chapman, contemporary Christian music star Irvin S. Cobb, humorist Russ Cochran, PGA Tour golfer Steve Finley, a longtime (and current) Major League Baseball player, was born in West Tennessee, but grew up in Paducah. Clarence "Big House" Gaines, Hall of Fame basketball coach Dr. Robert H. Grubbs, a 2005 No...
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By Crystal Allen
(Century 21 Service Realty)
History (Part 2 of 2) 1937 flood Broadway in PaducahSee also: Ohio River flood of 1937 In 1937, the Ohio River at Paducah rose above its 50-foot flood stage on January 21, cresting at 60.8 feet on February 2 and receding again to 50-feet on February 15. For nearly three weeks, 27,000 residents were forced to flee to stay with friends and relatives in higher ground in McCracken County or in other counties. Some shelters were provided by the American Red Cross and local churches. Buildings in downtown Paducah still bear plaques that highlight the high water marks. With 18 inches of rainfall in 16 days, along with sheets of swiftly moving ice the '37 flood was the worst natural disaster in Paducah's history. Because Paducah's earthen levee was ineffective against this flood, the United Sta...
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By Crystal Allen
(Century 21 Service Realty)
History (Part 1 of 2) The story of Pekin (Paducah) Downtown PaducahPaducah, originally called Pekin, began around 1815 as a mixed community of Native Americans and white settlers who were attracted by its location at the confluence of many waterways. According to legend, Chief Paduke, most likely a Chickasaw, welcomed the people traveling down the Ohio and Tennessee on flatboats. His wigwam, located on a low bluff at the mouth of Island Creek, served as the counsel lodge for his village. The settlers, appreciative of his hospitality, and respectful of his ways, settled across the creek. The two communities lived in harmony trading goods and services enjoying the novelty of each other's culture. The settlers had brought horses and mules which they used to pull the flatboats upstream to f...
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By Bill Dunn
(Elite Realty Group)
Many people in western Kentucky probably aren't familar with something called a "short sale". It's not something you'd really want to be familar with. I receive at least one spam email regarding short sales every day. They are a big source of income for real estate agents in these states with high foreclosure rates.A short sale occurs when you are facing foreclosure and you have a buyer offering an amount less than what you owe the lender. This may be because the real estate market has changed and the value of your home has decreased. You and an agent approach your lender offering this lower amount hoping they will accept the lower offer and avoid foreclosure proceedings. The negotiation with your lender is typically a lengthy process.A short sale isn't a "get out of debt free card." Al...
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By Jay Allen, MovieVoice
(MovieVoice Production Co.)
Paducah, KYPaducah is the largest city in Kentucky's Jackson Purchase Region and the county seat of McCracken County, Kentucky, United States. It is located at the confluence of the Tennessee River and the Ohio River. The population was estimated 25,661 in 2006. Twenty blocks of Downtown Paducah have been placed on the National Register of Historic Places. It is the hub for the Paducah Micropolitan Area, which includes McCracken, Ballard and Livingston counties in Kentucky and Massac County in Illinois; which had a population of 98,127 in 2006. GeographyPaducah is located at (37.072226, -88.627436). According to the United States Census Bureau, the city has a total area of 19.5 square miles (50.5 km²), of which, 19.5 square miles (50.5 km²) of it is land and 0.04 square miles (0.1 km²) ...
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By Greg Taylor, Murray Kentucky, Real Estate Attorney and Investor
(Greg Taylor and Associates, PLLC)
Below are the topics which we'll be discussing each month during our Western Kentucky REIA meetings at Murray State. WesternKentucky Real Estate Investment Association PO Box 108  Murray, Kentucky 42071    Telephone Toll Free:  866.410.1475   Email: WKREIA@yahoo.com Meetings Held 3RD Thursday of Each Month, Murray State University,Curris Center, Barkley Lecture Room, 3rd Floor  WKREIA - Chapter of National Real Estate Investment Association Professional Home Providers   Jan – 08 Getting Started in R.E. Investment   Feb – 08 R.E. Investment Marketing   Mar – 08 Finding Motivated Sellers   Apr – 08 Building an Investment Team   May – 08 Analyzing the Deal   Jun – 08 Investment Strategies   Jul – 08 Wholesaling   Aug – 08 Flipping Strategies   Sep – 08 Building a Buyers Database   Oct – 08...
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By Tim Beck
(Bone & Company)
BBQ on the River, A Community Charitable Event! Can you think of a better way to spend an early fall weekend than enjoying great BBQ, lively entertainment, exquisite crafts, a charming downtown and a great time with friends. Come join us in Paducah, KY for three great days of BBQ Bliss as 50 plus BBQ teams from Western Kentucky and beyond cook up over 80 tons of meat in hopes of taking home the coveted Grand Champions trophy. Along with delicious mouthwatering food and fabulous fun you will be helping out many local charitable organization. Make your plans now to be in Paducah, September 27, 28 & 29, 2007 for our 13th Ever BBQ on the River.
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