Smith Realty Services

Real Estate Team · Lexington, Kentucky

8:19 AM in Lexington Directions

Here is what working with Smith Realty in Lexington typically covers, from the first consultation to closing day. Services and terms vary, so confirm the details in your written agreement.

Buyer services

First buyer meeting

A conversation about price range, neighborhoods around Lexington and the buyer agreement you sign before tours.

Home search and private showings

Tours of homes for sale in and around Lexington, including new listings as they hit the market.

Offer strategy and negotiation

Comparable sales, offer terms, contingencies and inspection negotiations.

Getting to the closing table

Coordinating with the lender, title or escrow office and the other agent so nothing slips.

Seller services

Home valuation

A written price opinion built from sold, pending and active Lexington area comparables.

Getting the home market-ready

Staging suggestions, small fixes and scheduling professional photos.

Listing exposure

Putting the home in front of local agents and online shoppers through the MLS and listing sites.

Showings, offers and closing

Scheduling showings, reviewing offers and managing the contract to closing.

How a typical transaction works

ConsultA first conversation about goals, budget and timing — and a written agreement that spells out services and compensation.
PrepareBuyers get pre-approved; sellers review a pricing analysis and prepare the home for photos.
Market & tourListings go live on the MLS; buyers tour homes and compare recent sales.
NegotiateOffers, counteroffers, inspection requests and appraisal issues are worked through.
CloseFinal walk-through and signing with the title or escrow company under Kentucky rules.

Typical costs on a Lexington home

Illustrative figures for a home at the local typical value of $333,115. Real numbers depend on your agreement, lender and title company.

Item	Rate	On $333K
Listing-side commission (negotiable)	2.5–3%	$8,328–$9,993
Buyer-side compensation (negotiable)	2–3%	$6,662–$9,993
Buyer closing costs (lender, title, escrow)	2–5%	$6,662–$16,656
Home inspection	flat	$350–$600

Every percentage above is negotiable and is set in the written agreement. Typical value from the Zillow Home Value Index (August 2026).

Areas around Lexington

Nicholasville, KY9.1 mi · $327K Georgetown, KY16 mi · $342K Richmond, KY19 mi · $301K Paris, KY20 mi · $266K Frankfort, KY26 mi · $250K Lancaster, KY26 mi · $253K Danville, KY29 mi · $250K Mount Sterling, KY30 mi · $218K

Questions about these services

How are real estate agents paid in Kentucky?

Compensation is negotiable and set out in writing. Sellers sign a listing agreement; since August 2024 buyers sign a written buyer agreement before touring homes with an agent, stating what the agent will be paid and by whom.

Does Smith Realty work with both buyers and sellers?

Most agents and brokerages represent both, but not in the same transaction without written consent. Ask how Smith Realty handles dual agency or designated agency under Kentucky law.

What should I prepare before the first meeting?

Buyers: a mortgage pre-approval, a target budget and a list of must-haves. Sellers: your mortgage payoff estimate, a list of upgrades with dates, and any HOA or survey documents.