It's not the best market for downsizing - If you are paying cash

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

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.

  1. 2 story homes in Nashville are now out of favor for most people
  2. it's a buyers market, and the buyers of large homes in Nashville have a large advantage
  3. Because single story homes are now in demand, they sell faster than 2 story homes, so the price is not as favorable for Nashville buyers, even in this market.
  4. Single story Nashville homes have a large envelope, and require a larger lot than 2 story homes. When looking at new homes, consider that builders charge more for these homes compared to 2 story homes because they are usually more costly to build.

 If you want a Nashville home with bedrooms on the main floor, expect to pay more for it than a home with all of the bedrooms upstairs. Exceptions are rare.

 

What does is cost to work with the an expert?  Your real question should be what does it cost if you chose not to? To search for homes in the Nashville area, click on the button that represents your area of interest.

 To contact Larry Brewer of the Brewer group, call 615-512-7853

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Tennessee Williamson County Franklin Cheekwood
Groups:
Blogs Happen...
Franklin tn Keller Williams
Nashville tn real estate
Tags:
nashville real estate

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Ambassador
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Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Larry,

I really like your search feature at the bottom of the post!

Mar 24, 2009 10:03 AM #1
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Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

Well that would be me. But not sure when it will happen. Thanks Larry, I had no idea that they were so in demand down there.  I think we will see this in a lot of area's as the Boomers retire. That will be me.

Mar 24, 2009 02:28 PM #2
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Larry, I did not know that these were so much in demand now either...

your building consultant for life in Nashville, TN

Mar 24, 2009 10:00 PM #3
Rainmaker
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Monica Neubauer
Benchmark Realty - Franklin, TN
Franklin, TN - Realtor, Trainer

They are generally more in demand than a standard 2 story.  That doesn't mean they are all flying off the market. :)  But as we age, people like the one stories and builders have been slower to catch on to that trend, or they can't afford to build them because of the building lot size, like Larry said.

 

Mar 27, 2009 04:35 AM #4
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Larry Brewer - Benchmark Realty llc

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