People who live in Nashville tend to stay there for the long haul. The number of previously owned homes has decreased over the recent years. This has a direct effect on home sales, and the ones that are for sale come with a hefty price tag because of demand. Buyer’s are used to a real estate market that is vast and has a variety of homes, but this has not been the case.
Part of the issue is the national sites neglect to get the most current information, and their reportings are not always accurate. This causes frustration for those who are looking to buy a home in Nashville. When you are searching for a home, it is important that you turn to a trusted source that has the most current information.
Confusion also comes from contingent information, meaning that the buyer has made a bid on the home, but it is pending inspection and financing. This leaves the home marked as active on the market, when in reality it is in the process of being bought.
Nothing is more frustrating than searching for months for the right home, and when you finally find it, it is already sold. Had the information been updated, you could have saved yourself some heart break.
Stick to a website that gives you contingency information. This will help you see if the home is in the process of being bought. Then you will not have to waste time on homes that are already gone.
Here are the categories you will see on websites that offer contingency information.
- None: The home is available, no sales pending.
- Finance: A bid is pending on appraisal and financing.
- Inspection: bid pending an inspection.
- Sale of Home: bid has been accepted, but pending on the sale of the buyers current home.
When looking for a home in Nashville, save yourself some frustration by searching websites that offer contingency information.
The Ashton Real Estate Group of RE/MAX Advantage
The #1 Real Estate Team in Tennessee and #2 RE/MAX team in the World!