Nashville Real Estate Blog - Blog Archive: March, 2017

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: March, 2017 Close
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March 2017

Found 15 blog entries for March 2017.

Antioch D.R. Horton CommunityNew reports have surfaced about D.R. Horton, the country’s largest residential homebuilder, purchasing a 32.5 acre site in suburban Antioch for $1.2 million, which will be used to develop a new community that will contain 120 single-family homes. 

Plans for the new 120 home development, which sits just northeast of Murfreesboro Pike, were originally approved by the Metro Planning Commission last month, although a review of construction drawings is still on-going before building permits will be issued. 

Traditionally, major homebuilders like D.R. Horton purchase much larger homesites in order to develop communities with significantly more homes, but given Nashville’s shortage of lots, most are forced to acquire smaller sites much like what was just

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Reasons to buy a condo when looking for a new home Once the decision is made, the down payment is saved, and the loan officer gives a "thumbs up" to the mortgage application, the next step in the home-buying process is to begin searching the local real estate market listings for the perfect home. For a growing number of Americans, the home they ultimately decide to purchase will actually be a condominium, instead of the more traditional choice of a single family home.

For buyers who are having trouble deciding between the two options, here are six of the most popular reasons to consider choosing a condo. 

Better Urban Living Experiences

Like an urban apartment, condos offer their owners more central locations that homes can't always provide. Living in a centrally located condo, there's

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Cheap Real Estate Getting the best deal on a home is goal number one for most home buyers, but the best deal may not only be a consideration of price. For some buyers, more living space translates into the best deal and for others, it may mean the right location, a unique design, or even the ongoing costs required to live in the home.

Prospective buyers who are searching for their own version of a great deal can use some or all of these tips to help strategize their search and get what they want out of their future home.

Getting the Most Living Space per Dollar

One of the first questions typically considered by prospective buyers when looking at homes listed for sale is "How many square feet of living space does the home have?" Even first time buyers get

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Nashville Short Term Rentals If you’re thinking about buying a Nashville home or perhaps already purchased a home and are considering going the the Airbnb route to help offset living expenses or to simply use the property as an investment, several new bills are being discussed that could put restrictions on short-term rentals moving forward. 

According to reports, three separate proposals are actively being considered that would have a significant impact on how members belonging to websites like Airbnb and HomeAway can use their home or property in terms of a short-term rental. 

In short, the first of the three proposals could effectively eliminate non-owner occupied short-term rentals by 2021, while the other two proposals would either put a one- or three-year stop on new

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Nashville Population Growth While it’s certainly no secret that Nashville and the rest of Middle Tennessee continues to grow and expand, newly released census data confirms more and more people are making their way to our neck of the woods. 

According to the data, Tennessee as a whole saw about a 1% spike in population compared to last year, bringing the state’s estimated population up to 6.65 million people. 

Not surprisingly, the fastest growing counties in Tennessee were either in or around metropolitan Nashville, which collectively grew by 2% from last year, or roughly three times the U.S. growth rate. To date, about 1.86 million people now call the Nashville metro area home. 

With more than 39,000 people moving to Tennessee last year, the Volunteer State now ranks as

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Ferris wheels have become iconic symbols in cities all across the globe over the years, perhaps most notably in places like London, Chicago, and countless beach towns throughout Southern California. 

According to a recent report, Nashville could soon be added to that list sooner rather than later as Mayor Barry continues to explore brining more family friendly entertainment attractions to the heart of downtown

While conversations are only in the beginning stages, one proposal involves adding a new “observation wheel” on city-owned property near Nissan Stadium and Cumberland Park, which would also offer some pretty spectacular views of the Cumberland River and downtown skyline should the project eventually move forward. 

Another element worth

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Many first time home buyers use the Federal Housing Administration (FHA) to get a loan with a lower down payment and other lending requirements that are more accommodating. Before you apply, here is what you need to know about buying a home with an FHA loan.

Why Do People Apply for FHA Loans?

Getting a traditional mortgage is not always easy for home buyers, especially for people buying their first home. Saving up for a down payment of 10 percent could be very difficult for someone with limited funds. FHA loans are designed to provide some minor accommodations to buyers who would not be able to buy a home otherwise. FHA loans offer more flexible requirements on:

  • Minimum credit score for approval
  • Maximum debt-to-income ratio for
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There are times when you look at other homes in the neighborhood and realize that you have your work cut out for you to get a good price when you sell. If you know that you will have to spend a fair chunk of change getting your house up to snuff, it's worth the effort to do research beforehand to find out what the best renovation choices are. These five upgrades can put your home far ahead of where you are now, with a good investment for the money you pay.

1. Add a Bedroom

People who want to sell older homes are battling not just age and condition, but the progression of the American lifestyle. In decades past, people thought nothing of putting several kids in a single bedroom, with extra space for rooms that many modern families think are

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The Nashville area real estate market is off to a very busy start, and that was especially evident back in February where over 2,500 closings were reported alone. With temperatures heating up and home buyers seemingly out in full force, the busy spring season has apparently come early this year, which is great news for anybody who might be on the fence about selling their home or condo. 

As noted in a previous post, the 2,507 home closings that were reported by the Greater Nashville REALTORS® represents a 9.3% jump compared to the number of closings in February of 2016, and the number of year-to-date closings through January and February is also up by over 10%. 

In February, multi-family homes in the Nashville saw the largest year-over-year gain

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Nashville Market UpdateRecently released data is showing the Nashville area real estate market exceeded 2,500 closings in February, and while that’s certainly an impressive number, both 2006 and 2007 saw even more closings during that same month. 

Overall market activity throughout the Nashville market still jumped by 9% compared to February of last year, however, continuing the market’s upward trend heading into the beginning of the busy spring season. 

So far in 2017, the Nashville area has seen 4,918 closings in all, which represents a 10.3% increase from the 4,460 closings through January and February of last year. Some industry experts are attributing warmer temperatures and a milder February to the substantial jump in activity last month, while others are saying

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