Nashville Rent Continues to Rise While the housing market continues to experience a slowdown in home sales and price appreciation, new data from Zillow suggests the rental market is heating up. According to the company’s Real Estate Market Report, February’s rental prices climbed at the fastest rate in the last 10 months. In fact, February’s 2.4% year-over-year price appreciation drove the U.S. median rent price up to $1,472.
In Nashville, the average rent prices have increased by $54 over the past 6 months according to Rent Jungle. One bedroom apartments have an average rent of $1294 in Nashville and 2 … (4 comments)
4 Reasons to Buy a Home in Nashville this Spring | Spring has sprung, and it’s a great time to buy a home in Nashville! Here are four reasons to consider buying TODAY instead of waiting.
1. Prices Will Continue to RiseCoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year. Home values in Nashville will continue to appreciate for years. Waiting no longer makes sense. The prices from years ago are not coming back. And as more people move … (4 comments)
nashville real estate market: Single Story Homes Are Very Important
- 09/26/10 04:55 PM
In working with my parents, namely my mother, this week in their consideration to buy a "new" home, something that I had previously took for granted came to light. My parents are not old in any since, 63 and 59, and are now in relatively good health. My father just finished battling lung cancer. After extensive chemotherapy and radiation, we are so pleased that his last scan came back clear and he is officially in remission. My parents are both still very active. My mother even goes roller skating with me and the kids from time to time. But as we … (2 comments)
nashville real estate market: Nashville Short Sales - Lease Purchase
- 09/15/10 04:50 PM
I received an email today from a person who is possibly interested in doing a lease purchase on a short sale. This is the second time in recent months that I have been approached about this. I wrote a blog out it some months ago but it obviously bears repeating if it is being questioned again today. Somewhere, somehow it has been pitched that it would be a good idea for a potential buyer to do a lease purchase on a short sale. This thinking is severely flawed. I know that it could be months to possibly a year or more … (0 comments)
nashville real estate market: FHA Loans Require Your Tax Transcripts
- 08/31/10 04:20 PM
This is a little FYI-warning to any potential buyers in the Nashville real estate market that your official tax transcript from the IRS is required to get an FHA loan. I just ran into this situation last week. This buyer came to me with a very thorough pre-approval letter from a well-known local lender here in the Nashville area. The buyer told me that she has been on her job for several years, no debt really to speak of other than a modest car payment, and an 800 credit score. This should have been a slam dunk. Unfortunately, our closing has … (4 comments)
nashville real estate market: Buying Your First Foreclosure Property in Nashville, TN - Look here first.
- 05/26/09 10:48 AM
Buying foreclosed properties is getting more popular and more profitable every day. There are dozens of foreclosed properties hitting the Nashville real estate market every day. These properties can be both gold mines and land mines. In this article, we'll go over several simple tips to help ensure that your first foreclosure purchase is a successful one. Opt for a Low-Repair Property for Your First Deal We've all heard about people who make thousands of dollars buying fixer foreclosures and fixing them. The reality is, however, that doing such a deal requires a high degree of expertise. Do you know how to … (0 comments)
nashville real estate market: Buying A Foreclosure - Different Methods Examined.
- 10/27/08 02:16 PM
You've seen the signs - they are everywhere. Foreclosures are at an all time high. Some may be in your very own neighborhood. If you've decided that the foreclosure route is the way to go for you, do your homework ahead of time. Determine your strategy for buying the foreclosure. Buying on the courthouse steps: Back in the good old days of the real estate boom, the banks might have 10-20 properties for sale at the foreclosure sale. If you are going to the sales now, be prepared for a list of 70+ homes at any given sale. While you can … (1 comments)
nashville real estate market: Antioch TN Real Estate Market Report for October 2007
- 11/25/07 02:26 PM
Here is the current real estate market report for (37013) Antioch, Tennessee reflecting October 2007 sales: There are currently 875 residential listings on the market There are currently 153 residential sales pending 118 properties were sold during the month of October Average listing price per square foot was $90.52 Average sales price per square foot was $89.31 78 days on market was the average sales time Average sales price was $167,905 which is a nearly 3% increase from September 2007.Homes are selling and the prices are increasing. Beat the spring rush and sell your home today. If you are planning on selling … (0 comments)
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