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Free BCTC Seminar on Real Estate Offers Tips for Buying or Selling in a Down Market

LEXINGTON, Ky. (April 3, 2009) - A cool real estate market may be the right time to gain an edge. A free informational seminar hosted by Bluegrass Community and Technical College (BCTC) will discuss advantages and share tips about buying and selling property and having a career in real estate management.

Now is the time for people to learn to navigate the real estate market and then be prepared for the next real estate boom, said Jenny Jones, BCTC assistant dean of business. Even though some people believe now is not the time to get into real estate, houses are selling because the cost of real estate is low and mortgage interest rates are low.

The seminar, Your Future in Real Estate is Here! will be held 5:30 to 8pm Thursday, April 16 at the Academic Technical Building on BCTC Cooper Campus, 470 Cooper Drive, Lexington. The event is free and open to the public. Light refreshments will be provided from 5:30 to 6 p.m. Advance registration is not required.

The community has the opportunity to ask professionals in an informal setting about the real estate market and the BCTC real estate program. Discussion topics include information on buying a home, the $8,000 first-time home buyer tax credit, good faith money, and real estate terms like Pamp;I, PITI, VRM, ARM, and APR.

The seminar will also include tips for selling a house, such as getting the most value from a house through home inspections and increasing the value of a home through home improvements.

A lot of people put money into improvements but they are not putting money into the things that will add value when they sell it, Jones said. Making the right improvements in a home can help sell it faster, earn the seller more money, and put the buyer in a better-quality house.

BCTC's real estate management program offers associate degrees with a real estate emphasis and certificates in pre-licensing and brokerage management. A real estate career is not limited to selling property, Jones said. Other real estate career options include property management, appraisal, inspection, construction, banking, finance, and real estate law.

For more information about the seminar, contact Jenny Jones at (859) 246-6653 or email Jenny.Jones@kctcs.edu; or Sandye Hackney at (859) 246-6266 or email Sandye.Hackney@kctcs.edu