Buying a Home In Music City

Information about buying a home in Nashville TN with the realtors from the #1 RE/MAX team in TN The Ashton Real Estate Group

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Buying a Home

Buying a home in Nashville is the main focus of our site and as the #1 RE/MAX team in Tennessee we offer the ultimate in team service to help you buy a home

Found 341 blog entries about Buying a Home.

Should I Cash Out a 401k to Buy a Home?When saving up to buy a home, a down payment can be a looming expense that intimidates or turns away buyers. For those who find the task of saving for a down payment insurmountable, pulling money out of a 401k or IRA to make a down payment could make it easier to buy a home. Here's what buyers need to know before they prepare to make a withdrawal.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

How 401k Withdrawals Work

People are not really encouraged to withdraw from a retirement plan before they get close to retirement age. However, there are a number of ways that people may be able to do it. Anyone pulling money out of a retirement account may be subject to a

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How Interest Rates Impact Home BuyingYou may be looking to buy a new home, and, depending on the local market, there may be a variety of available properties suitable for individuals, couples and families. While many potential homebuyers need a mortgage to cover the cost of buying a home, most are initially unaware of the role of interest rates when making a purchase and affording mortgage loan payments. Rising interest rates may mean that homebuyers who have to tighten their purse strings to afford a dream home will struggle to make regular payments. What should potential homebuyers and mortgage loan borrowers know about interest rates?

Is it better to buy a more expensive home with low interest rates or a more affordable home with higher interest rates? What are tax limitations

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Home Under Construction If costs were the same, 40 percent of Americans would prefer a new construction home over a pre-existing home. That is compared to 21 percent who would opt for an established home and 39 percent with no preference.

However, fewer than half of those who strongly prefer a newly built house are willing to fork over the additional 20 percent that new builds bring on average. Why is that? Although the newness is enticing, it doesn't single-handedly carry the luster during the home-buying experience.

While shiny and new has its allure, what's actually behind these home buyers' preferences? The following points look at some of the pros and cons of purchasing new construction homes in Brentwood and other Nashville area communities.

Pros of New

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All About VA loans for Veteran Home BuyersAs homebuyers approach the mortgage process, the options can become an alphabet soup of industry acronyms and terms: fixed-rate, ARM, 30-year, jumbo, FHA, Fannie Mae, USDA, and the list goes on and on. Each loan product has its unique benefits and qualifications, and some apply to certain individuals but not others. For some individuals planning to purchase a home and who have ever served in the country's armed forces, a loan from the Veterans Administration may be a valid option.

Who Qualifies for a VA Loan?

The Veteran Affairs home loan originated as part of the GI Bill of Rights, passed in 1944 and signed into law by Franklin D. Roosevelt. The intention of the law was to provide a series of benefits to returning service members, including

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What Is a Jumbo Loan? An FAQFor home buyers seeking a luxury home, jumbo mortgages are the easiest way to borrow a lot of money for a property. Jumbo loans create greater risk for the lender. Because of this additional risk, qualifying for a jumbo loan can be more of a challenge. Knowing what a jumbo mortgage is, what it takes to qualify for a jumbo mortgage and what kind of risk is involved can help the home buyer decide if a jumbo mortgage is right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is a Jumbo Loan?

A jumbo mortgage is a mortgage that is higher than the conforming loan limit of $417,000. Jumbo loans are usually used to acquire luxury properties.

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How Does an HOA Work? Buying a home can be both rewarding and overwhelming by the amount of information that's out there. Once the ideal community is selected, buyers have even more to consider. Some communities use a homeowners association (HOA) to provide certain services and enforce rules. Each HOA can be quite different, so even people who have owned a home in an HOA should take care when considering another. Here's what buyers need to know before they buy a home with an HOA.

What Do HOA Dues Cover?

The concept of an HOA may not be too difficult to understand, especially for people who are familiar with renting in an apartment complex. HOA fees range from $100-$400, and generally cover the cost of upkeep and upgrades for the community. They may also provide

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Home Buying Tips for First Time BuyersBuying a new home for the first time is a major life milestone. It's also often an exciting one, as first-time homebuyers enjoy long afternoons visiting open houses, combing through listings, and planning the big move. But buying a new home can also be overwhelming. Home buyers also have to put together a down payment, find a real estate agent, juggle home inspections, closing costs, paperwork, and countless other expectations that go into the home-buying process. This is where a few tips for first time home owners come in handy.

For buyers who do not know what to expect as they start the home-buying process, here is some advice to make the most of the home buying experience.

Know Your Score & Financial Situation

No one likes to be reduced

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6 Crucial Tips For Buying in a Seller’s MarketUnder ideal circumstances, home buyers will be able to take their time when purchasing a home in order to make sure they’re getting the best home and deal available. However, sometimes circumstances are less than ideal, and one of those times is in a seller’s market when there are far more buyers than there are homes for sale. Here are six essential tips all home buyers should know when purchasing a home in a seller’s market. 

1. View Homes Quickly

In a seller’s market, homes can be sold within days of being put on the market, so it’s important for buyers to make an appointment for a home showing as quickly as possible. If they try to wait until the weekend to go see the home, there’s a chance that the homeowner may have already accepted an

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Tools to Keep Around the HouseSo, you just bought a new home. Congratulations! Now that you're a homeowner, it's important to have tools on hand for home improvements and repairs. The following tools will come in handy for basic improvement projects around the house.

Painting Supplies

One of the first things that many homeowners do when they move into a new house is paint one or two rooms. New colors on the walls can help you enjoy a new home and personalize your space. Painting can be done easily, even if a homeowner has little or no experience with DIY projects. All you need are the right tools. To get started on your first home painting project, you'll need the following:

  • Tarp
  • Paintbrush, angled and chisel
  • Paint roller (long and short handles)
  • Spackling
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Foreclosure Buying Foreclosure filings spiked in the height of the housing crisis, and for many years, foreclosed homes were readily available. However, today in many parts of the country, foreclosures are less common, but there may still be some available for patient home buyers. If you're thinking about purchasing a home in foreclosure, the following tips will help you understand the process and get the best value for your money.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding.

Home Auctions Vs. Home Traditional Sales

Homes in foreclosure are usually sold in one of two ways: through an auction or through a traditional sale. Auction sales are usually at the county courthouse. They can be competitive,

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