June 2010

There are 6 blog entries for June 2010.

The Upscale retail store Nordstrom is coming to Nashville!

Monday, June 21st, 2010 at 9:16pm. 464 Views, 0 Comments.

There has been talk of Nordstroms coming to Nashville for a few years now but according to the Mall at Green Hills website contruction has begun and the completeion date has been set for October 2011.

Green Hills has long been recognised as home to some of the more famous names in the retail arena such as including Tiffany & Co., Louis Vuitton, Burberry, Juicy Couture, Kate Spade, Sephora, Brooks Brothers etc

This will surely be a welcome addition the Green Hills/Belle Meade residents and area shoppers who will now be able to shop in style in Nashville instead of having to travel to LA for the Nordstrom experience.

The web site  Green Hiils Mall has all the official information and more information about the additional parking and stores that…

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June 30th Deadline for Tax Credit

Monday, June 21st, 2010 at 1:39pm. 365 Views, 0 Comments.

 A note sent to me today fromclosing attorneys Smith Sholar Milliken which i think is worth making note of :

"Contrary to belief, the congress has NOT extended the closing date of the June 30th tax credit deadline. That date is fast approaching and our calendar is filling quickly, if your closing needs to happen before the end of the month.

Also, if your closing involves a loan, PLEASE check with the mortgage company to make sure your closing is going to be approved and ready to close before the end of the month.

In fact, we suggest you try to close BEFORE the crisis closing date of June 30th and take some of the stress out of your Buyer's life."

So..looks like things could be busy for closings...and hopefully we will…

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Senate Approves Extension for Homebuyer Tax Credit

Thursday, June 17th, 2010 at 2:39pm. 333 Views, 0 Comments.

 

Here is some intersting information that was just emailed to me that I think potential home buyers in Nashville and the surrounding areas may find to be of significant interest!

"The Senate has approved a plan to give those already in contract to purchase a home an extra three months to be able to use federal homebuyer tax credits.

The language, pushed through the chamber by Senate Majority Leader Harry Reid gives homebuyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal was approved by a 60-37 vote but only applies to consumers who already have signed…

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World Cup and Real Estate

Wednesday, June 16th, 2010 at 11:45am. 574 Views, 1 Comments.

As probably everyone knows in America, the soccer World Cup is underway, and this world sport is starting to make some in roads in to the American sporting culture.

The England v USA has been recorded as one of the highest watched sportng events on TV as the game captured the friendly rivalary between the two countries. England were the favorites to win this game, having a team made up of world calss players who have established their reputations throughout the soccer world. The USA team had players that play in the US and Europe and have become a respected team although underdogs for the England game.

As it turns out, England scored quickly, but the USA scored just before the end of half time to level the game. At full time, the scoreline was still 1-1…

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New Sales Figures From Williamson County

Thursday, June 10th, 2010 at 10:59am. 539 Views, 0 Comments.

Williamson County

June 10, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the statistics for home sales in Williamson County, TN for the month of May 2010. There were 318 residential and condominium closings reported during this period according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle Tennessee region.

 

The number of single-family residential closings increased by over forty-five (45) percent compared to May 2009, while the median sales price experienced an increase of over three (3) percent.  The median is a typical market price where half of all homes sold for more and half sold for less.  The average days on the market (DOM) for…

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FHA Seller Concessions

Friday, June 4th, 2010 at 12:03pm. 1654 Views, 0 Comments.

The Federal Housing Administration is just now making the necessary moves in order to implement its stricter concessions policy this summer, according to a May 28 story in the Daily Herald (Chicago suburbs).

 

In January, the FHA said it would reduce seller concessions from 6 percent to 3 percent, with the intention of forcing sellers to cut back on the practice of providing buyers with tangible incentives to purchase a property.

 

Limiting the percentage of seller concessions allowed will bring the FHA’s policies more in line with those of Fannie Mae and Freddie Mac, both of whom generally limit seller concessions to 3 percent. 

 

Prior to the revised FHA policy taking effect, however, the…

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