Missy Davidson has been very busy this past week with 2 closings: one in the mid-$200K's in Bellevue and one in East Tennessee in the upper $400K's.
She is also finalizing another contract which will close next month...also in East TN.
This week she will have clients in town looking in the Downtown Nashville area in the $300-$500 range.
The variety of clients and the locations they are looking in is a testament to the versatility of the real estate agents that make up The Ashton Real Estate Group of RE/MAX Elite. This is also the benefit of working with a team of realtors as each agent specializes in areas in and around Nashville so if they are working with a buyer in another area, they can call on the experience of one of the team members.
We have a lot of buyers looking in the Nashville area in general and some times, as a buyer relocating to the Nashville area, the difference in the real estate markets is not always readily apparent.
The micro markets that exist are typical of cities through out the USA. It would be interesting to arrive in the US and try and explain why some homes are so much more expensive even though they basically have the same foot print, a similar style and comparable finishes.
As usual, it's the old adage of location, location, location that sets the value of the properties. Factors such as the commute time to the business district, the availability of green space, the quality of the schools, the proximity to access the major forms of travel infrastructure all play a part in the perceived value of the home.
Living next to a railway line or being in the line of site of over head power lines can generally be accepted as devaluing the overall appeal of a home. Given the choice, most people would probably chose not to live next to a home that has 20 trains passing through and "tooting" the trains horn!
These are some of the major factors in setting the demand for the home, and hence the price, and other factors may not be so obvious to determine.
Traditionally there has always been talk about properties "on the other side of the tracks" which generally referred to homes that were of a lesser standard and quality. Some of these areas may have grown up and long ago lost the properties that gave the area that reputation but the perception is handed down from generation to generation. This goes some way to explaining why some homes are so much more expensive comapared to comparable properties only a few miles away!
The Ashton Real Estate Group of RE/MAX Advantage
The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!