Nashville Real Estate Blog

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Nashville TN Real Estate Blog

Good Home Investment Spending an afternoon watching one of the many house-flipping shows on cable television can be enough to convince anyone to try their hand at this seemingly quick and easy way to make thousands of dollars of profit.

After all, the process looks easy enough, just buy a very cheap fixer-upper house, put a little time and money into it and then resell for thousand more than you paid... right?

But as the old saying goes, nothing is ever as easy as it looks and if you now own a house you are trying to flip, you may have already found that old saying to be absolutely true. Before you panic, read the following tips designed to help avoid rookie mistakes and increase your chances of actually flipping your house for real profits at the closing

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Fast Home Improvements You have had your home on the market for a while, and no one is biting. Your real estate agent says that you have to make some home improvements to help your property compete in the neighborhood. Set a budget, and pick the updates that will bring your home into the 21st Century.

These six upgrades may give you the biggest bang for your buck, and make your home a lot more appealing to those hunting in your area.

1. Open Up

One problem with trying to sell a home that does not have all the trending features is that it may have too many design aspects that are no longer preferred. Remember when everyone wanted an enclosed dining room? That is no longer the case. Open floor plans are more than just a fad. If your home is too boxy, people will

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Assets Needed for Mortgage Approval When you apply for a mortgage, your lender will request a great deal of paperwork from you. This will include looking at your income, assets and existing debt - as well as your credit-worthiness.

As a part of the mortgage loan process, the mortgage lender, along with the underwriter of the loan, will request verification of the assets and income that you say that you have.

As a part of the verification process, certain terms and questions may arise. Here are a few;

The Ability to Pay Rule

Subprime mortgages accounted for a significant proportion of the recent housing crisis. During the housing boom, many people who could not realistically afford specific mortgages were approved for them anyway. The federal government passed legislation

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Nashville Home Sales in September 2016After two straight months of declining home sales in Nashville, the local real estate market finally saw a slight increase in September compared to this time last year. 

Recently released numbers from the Greater Nashville Association of Realtors tallied 3,474 home closings last month, which is just under a 1% increase from September of last year. 

As noted in previous reports, home sales in Nashville have been down over the last couple months, with August seeing a 0.8% decline, and July seeing a 3.3% decline. 

Home sales weren’t the only housing statistic on the rise in September, as the median sales price was also up compared to last year. Also noted by the GNAR, the median sales price for a single-family house sold in the Nashville area was up

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Home Condition Clues For most buyers today, the purchase of a home is likely to represent the single largest financial decision they will make in their lifetime. With so much at stake, it is no wonder that buyers often worry about choosing a home that has hidden defects or issues that will cost thousands of dollars to repair.

Thankfully, there are some steps buyers can take during the home's showing to help protect themselves from purchasing a "money pit" home. 

Get the Most From the Viewing Process

The first step in avoiding homes that have significant issues begins when you work with your real estate professional to arrange viewings of the homes you are interested in. Instead of trying to fit them all in one day, decide to limit each day's viewing roster.

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Home Warranty Decision When you negotiate to purchase a home, the seller may offer you the ability to purchase a limited, temporary warranty on a particular home. In some cases, the seller may even provide one with the sale of the home.

While home warranties can be useful in certain situations, you should also understand what they cover and how they differ from homeowner's insurance should you buy one.

What is Covered in a Home Warranty?

Home warranties vary in the coverage offered, but there are some common features you can reasonably expect. A standard home warranty often covers the plumbing systems and some related appliances (e.g. dishwasher and water heater), ventilation and the heating and cooling systems.

You may need to request additional coverage

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Nashville Real Estate Market If you think the Nashville real estate market in 2016 was active, several projections have recently been released that forecast 2017 could bring even more home sales than what was predicted at the beginning of this year. 

But before we turn the calendar to 2017, home buyers are first going to have to navigate the traditionally busy fall market, which according to some economists, could potentially be the  hottest market we’ve seen in over 10 years. 

Over the summer, the housing market nationwide saw demand continue to rise, with home prices in most markets also on an upward swing. And if you believe National Association of Realtors Chief Economist Lawrence Yun, the change of season likely won’t bring much relief in either of those categories, and

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Hillsboro Village DevelopmentIt’s not often we talk about commercial real estate here, but when a project has the potential to help transform an entire neighborhood, it’s certainly worth noting. In case you missed it, reports surfaced last week about a new $37 million mixed use project making its way to the already popular Hillsboro Village neighborhood. 

The project, which is being developed by Atlanta-based Summit Management Corp., is expected to break ground sometime in the fourth quarter and will include 47 apartment residences, a 200-car parking garage, ground-floor retail, and what’s being described as a millennial-focused hotel that will specifically appeal to budget-savvy travelers.  

The building itself is being designed by Nashville-based Manuel Zeitlin Architects and

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October Events in NashvilleAs the crisp temperatures start to settle in and the leaves begin to change color, the autumn season is slowly but surely making its presence felt here in Nashville. But as one of the best cities to call home during the fall season, fun-filled autumn festivals are in full swing this October in Nashville, from family-friendly events to those more suited for an adults-only crowd. To see what all is going on next month in Nashville, here’s a brief look at some of October’s best events and happenings…

Fall Fest @ The Hermitage- October 1-2

The first weekend of the month serves up Fall Fest at The Hermitage, a community-friendly event for local and regional artists to showcase their work. Enjoy shopping for jewelry, photography, ceramics, paintings and

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The Wabash East NashvilleOnce considered a rough part of town, East Nashville is continuing to transform into a fabulous place to live, work, and play. And that’s something that developers are certainly taking notice of. Back in May, a new mixed-used development was proposed that would bring additional office, retail, and restaurant space to the neighborhood, and earliest this week, permits for the project were finally issued. 

Called The Wabash, this dynamic new project will be located at 901 Woodlands Street, include around 41,200 square feet of space, and hopefully pave the way for more development to make its way to the East Nashville neighborhood, which offers a whole lot of value right now on both the residential and commercial side of the market. 

For home buyers in

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