Selling Your Luxury Home in the Greater Nashville Area? What to Expect

By
Real Estate Agent with The Lipman Group | Sotheby's International Realty #311723

Selling Your Luxury Home in the Greater Nashville Area?  What to Expect

Luxury Home Absorption Rates are Important when Selling

If you currently have your luxury home on the market in the greater Nashville area, then you know all too well how frustrating that can be.  The inventory is high right now, so you need to be prepared for a wait. 

How long of a wait?  Well, that all depends on the absorption rate for your particular price range.  This can be viewed here:  http://exton.biz/High%20Priced%20Sales%20Rates.htm 

This data is all from 1/10/2011, so it's very current.  If you are in the $1M-$1.9M range, you have the advantage here - only 8.5 months of inventory out there. 

And be prepared for buyers to expect everything in tip-top condition.  Buyers are being very aggressive now.  They have all of the data as well and are expecting the world.  You need to be prepared for that when the offer does come in. 

Luxury real estate in the greater Nashville area is a serious business - do your homework, have your luxury home in top condition and don't turn down any showings!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Tennessee Davidson County Nashville
Tags:
luxury real estate nashville
luxury home nashville
absorption rate nashville
emily lowe
the lipman group sothebys international realty

Spam prevention
Show All Comments
Rainmaker
847,547
Barbara Altieri
Kinard Realty Group Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Emily -- It is SO important for the sellers to know the absorption rate at their particular price point to guide them in pricing their property correctly.  You are so very right about buyers 'expecting the world'.

Jan 21, 2011 02:22 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
232,207

Emily Lowe

Nashville TN Realtor
Ask me a question
*
*
*
*

Additional Information