nashville real estate: Housing Prices are increasing
- 07/22/09 01:32 PM
Nashville real estate - THe Federal Housing Finance Agency announced today that home prices increased from April to May, This is not news to those of us representing buyers in the Nashville area, but it might surprise buyers who have been waiting for prices to fall.
Not only have home prices started to rise, but the inventory of Nashville Real Estate has continued to decrease as buyers purchase the best properties. Builders are still waiting for opportunites to build at a profit, so the inventory on new homes is very low in some areas.
This posting and the contents written here are the intellectual … (2 comments)
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nashville real estate: New Home Construction Steps
- 07/21/09 03:40 AM
Nashville real estate - Here are a few pictures of one of my listings being built in Spring hill. As you can see, a lot of steps are involved, and all need to be monitored closely. If at any point, the contractors make a mistake, It needs to be correected immediately.
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nashville real estate: Place Your Bets - Buy a Home Now or Wait for A better Deal
- 07/19/09 03:45 PM
Nashville real estate - It's what I hear every day. Buyers are unsure about the market, and I can understand that. By waiting, you are betting that
1. Interest rate will continue to stay low (Try to get odds on that in Vegas)
2. Prices of homes will go down even farther
3. A good selection of homes will be available when you get ready to make a decision.
It doesn't sound like a good bet when you put it that way does it.
With rates a full 1 percent lower than they were this time last year, it usually equates to … (8 comments)
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nashville real estate: Hendersonville real estate market report for June2009
- 07/19/09 03:23 PM
Hendersonville - Real Estate sales for the month of June in Hendersonville are improving as is the surrounding areas of Nashville. With 78 homes closing in the month of June, and 89 homes pending, we expect the rest of the summer to greatly reduce the 651 homes remaining in inventory.
The average price of Hendersonville real estate sold in the month of June was $231,517. The average size of homes sold in Hendersonville was 2555 square ft.
To search for Hendersonville real estate, click on the search button.
… (2 comments)
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nashville real estate: The value of a waterfall
- 07/05/09 11:04 AM
While showing homes to a client from another state, we came out to the back yard of what appeared to be an average million dollar home in Green Hills. behind the house, along with mature tress and a great covered porch was a spectacular pool, hot tub and waterfall.
It seemed like the thing to do was to have a seat by the waterfall and just listen. Any stress we may have had disappeared at that moment. I would recommend it for anyone with a little extra money to spend.
Water features are a great addition to any luxury home, but I … (4 comments)
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nashville real estate: Will Nashville real estate ever be More Affordable?
- 06/25/09 12:53 PM
Nashville- In our session with Gary Keller yesterday, he reminded us that the affordability index was at it's lowest point in history. Meaning that for the median income family, the median price home used only 18 percent of their monthly income. I am aware that this number is not accurate in any one area, but averaged across the nation. It may actually be lower here in Nashville.
The fact is that we may never see interest rates this low again, and prices are not going down any more. It would not be unreasonable to think that interest rates could go as … (1 comments)
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nashville real estate: It's the #$%#& Price
- 06/22/09 03:03 PM
Nashville Real Estate - I'll give away my secret right now on how to get your listings sold.
Anybody want to guess?
It's not the marketing, I can put homes on so many internet sites at one time that I can't even keep track. I have multiple blogs that have every listing on it, usually more than once. Pictures help, without them it's impossible to get any buyers to look at the house. So take a lot of pictures, use the best ones, and throw the rest away. Even with all of this, the house may just sit for months.
It's not … (6 comments)
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nashville real estate: Cramer Called the Bottom of the Real Estate Market - He Was Wrong
- 06/19/09 02:44 PM
Jim Cramer said earlier this week that the real estate market had hit bottom, and would be moving up now. In Nashville, the bottom was January. Real Estate sales have increased steadily every month, and now it looks like the buyers who were sitting on the fence, are going to have to pay for higher interest rates, and probably higher prices. The selection of homes in the lower price ranges is very thin right now and I don't expect it to get better.
THis is nothing new, All markets take courage to buy at the bottom, I'm not just talking about houses, … (3 comments)
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nashville real estate: I Thought This Was A Buyers Market?
- 06/15/09 02:17 AM
Franklin TN - I had on of those visitors at my open house yesterday. You know what I'm talking about. Didn't like anything about the property, she was just stopping in because she was in the area. The floor plan was all wrong, the neutral colors were too bland, the place was too clean for anyone to actually be living in it. The bedrooms were too big?
Then she pulls out the flyer and says, "I thought this was a buyer market".
I told her that the seller was asking the same price he paid 2 years ago, and at that … (2 comments)
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nashville real estate: When is Real Estate like Golf
- 05/28/09 02:21 AM
Nashville Real Estate - I have been promising one of my friends that I would take a day off from real estate, and play a round of golf. After rescheduling several time, we finally managed to agree on a day that would work for all of us, and that day as Wednesday the 27th of May.
I haven't played golf this year, and practice hasn't even been a thought. After a long and frustrating day, I realized that I was missing easy shots and in general just not having as much fun as I should be having. My score was 15 … (1 comments)
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nashville real estate: $8000 Tax Credit Information for Nashville Home Buyers
- 05/12/09 03:22 PM
$8000 from Uncle Sam. Why would you ever turn it down.
At A training session today in The Nashville Keller Williams office, this material was presented by Kim Whelan, a CPA in the Franklin Tn area.If you have any questions about this, please give me a call, and I’ll help you through it.
2009 First Time Homebuyers Credit – DOES NOT HAVE TO BE PAID BACK!!! To be eligible you must meet the following requirements:
-You purchase your home (close on home) before December 1, 2009 -You (and your spouse) did not own any other main home during the 3-year period … (2 comments)
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nashville real estate: Save Your Sellers Some Money - Have Your Listing Professionally Measured
- 04/25/09 02:34 AM
Nashville real estate - Just like the rest of us this morning, i was reading the daily news (activerain), and came across the post by Donna Edwards about a realtor losing a court case in Texas because they used the tax record for square ft estimates, and it was wrong.
If anyone reading this post believes that the tax records are accurate, please raise your hand. Ok, I couldn't see how many, but I hope nobody did.
Using the tax records as basis for pricng you listings is a recipe for disaster. In Nashville, and in particular, Franklin and Brentwood, a 10 … (3 comments)
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nashville real estate: Why didn't we see this house before we bought ours?- Nashville real estate
- 04/21/09 02:17 AM
Nashville real estate - I was writing an offer for a client at a home in Spring Hill yesterday when I heard her someone say "why didn't we see these homes before we bought ours". It was a relative of my client who had bought a home in Spring Hill several months back, and she was gving her husband a tough time.
It seems that they had decided to not bother with getting the help of a real estate agent who knows the area, Instead, they decided to look around themselves, and ended up buying a home from an on-site agent. The Spring Hill … (5 comments)
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nashville real estate: Nashville real estate - Buyer Frustration
- 04/05/09 03:45 AM
Nashville real estate - Working with buyers right now is almost as tough as working with sellers. The buyers have been told that houses are being sold for huge discounts, and the inventory is so massive, that they can find anything they could ever want and make crazy offers that will be accepted. When they come to Franklin and Brentwood to try this out they find out that the national news media has not exactly told the whole truth.
In some parts of Florida right now houses are being sold for 50 percent of what they would bring two years ago. … (0 comments)
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nashville real estate: How can you tell if a realtor knows his business
- 03/29/09 03:11 PM
I feel sorry for the uneducated Nashville real estate consumer.
They have to trust a stranger to sell their home. In some cases the most valuable or their possessions. The real question is, how can you tell a true professional from a turkey.
If you find a room full of realtors, they all look alike. Some are strutting around like they need to impress each other, and others just go about their business. What's the big deal anyway? Aren't all realtors trained to do the same thing?
Here are a few things that I noticed just this past weekend that … (4 comments)
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nashville real estate: Nashville real estate - Here's your sign
- 03/29/09 02:39 AM
Nashville real estate - Were you waiting for a message from above to tell you it's time to buy a house? Maybe this is it.
We had a series of storms come through Tennessee yesterday, and we were prepared for the worst, All we really had was a little wind and rain. I was out in the taking pictures of a listing, and on the way home Elizabeth stopped the car to take this photo.
I believe that the market is changing quickly. 7 of the 11 nashville homes I have listed were viewed yesterday, some of them twice. I haven't had … (6 comments)
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nashville real estate: Nashville real estate buyers - It's a royal feast
- 03/27/09 03:13 AM
Nashville real estate - Spring is here, the grass is turning green, Bradford pears are all in bloom, and buyers are starting to buy Nashville real estate. If you've been under a rock for a while, welcome to the best real estate market buyers have had in many years, maybe ever. Prices are down in most areas, the supply of homes is still good, and interest rates are at historic lows.
If you are interested in buying a home in Nashville, Franklin, Murfreesboro, Green Hills, Brentwood, or Spring Hill, click on the link. It will take you to my user friendly … (2 comments)
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nashville real estate: It's not the best market for downsizing - If you are paying cash
- 03/24/09 03:33 AM
Nashville real estate - In the last few days I've met several people who have had an interest in my listing at 204 cheekwood ct. The primary reason for their interest is that all of the bedrooms are downstairs, and they are getting to the age that stairs are no longer welcome exercise. When they tell me that they need to sell their 2 story home that's 50 percent bigger, I have some bad news.
2 story homes in Nashville are now out of favor for most people it's a buyers market, and the buyers of large homes in Nashville have … (4 comments)
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nashville real estate: Tennessee ranks Fifth for Business Growth
- 03/21/09 09:19 AM
Tennessee is now ranked fifth best in the United states for Jobs and Business growth by Chief Executive Magazine.
Tennessee follows Texas, North Carolina, Florida and Georgia as the top five states, while California, New York, Michigan, New Jersey and Massachusetts round out the bottom five.
The list is based on a survey completed by 543 chief executive officers, who looked at issues like proximity to resources, regulation, tax policies, education, quality of living and infrastructure.
Tennessee has consistently moved up on the list, after being ranked 11th in 2006. The No. 5 ranking is the highest the state has ranked.
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nashville real estate: Will you take a contingency contract?
- 03/20/09 04:22 AM
Nashville real estate - I received an e-mail today from Zillow.com, with a short question for one of the zillow users. Will you take a contingency contract on your home at 204 Cheekwood ct?
Here is my reply.
All offers are considered. In order for a contingency offer to be accepted, the seller must feel that the contingency will be met in a reasonable amount of time. When would you like to view the property?
The next e-mail from the customer, I'll meet you at 05:00 p.m. today.
Do most realtors just say no? I'm starting to think so, or he wouldn't … (3 comments)
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Nashville real estate - THe Federal Housing Finance Agency announced today that home prices increased from April to May, This is not news to those of us representing buyers in the Nashville area, but it might surprise buyers who have been waiting for prices to fall.
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