The media has focused on the growing number of Nashville foreclosures, pre foreclosures and short sales and this has now become a buzz word for buyers looking for a great deal. It has to be remembered that a homes value should be based on expert analysis of the recent sales and comparable homes. It is easy to think you are getting a knock down price when really the home was overpriced when it was first listed.
Lots of possibilities for this cottage in a very convenient Crossville location! Updated inside around 2021 and is ready for a new owner. Exterior features include a large ...
Excellent location near two univerisites, Fisk and TSU.Surrounded by new construction and progress, this is an excellent area for investors or owner occupants with rental i...
Spacious country 2-bedroom 1 bath home with over 1600 sq ft of living space. Large living room with open floor plan to kitchen and dining area. The bedrooms are spacious an...
Elementary School: Waverly-Belmont Elementary School
Middle School: John Trotwood Moore Middle
High School: Hillsboro Comp High School
All offers due by April 30th, 5:00 PM. Rare opportunity to take over this Bank-Owned home in the heart of 12th South! Once completed, this will be a masterpiece! Plans inc...
Elementary School: May Werthan Shayne Elementary School
Middle School: William Henry Oliver Middle
High School: John Overton Comp High School
HUGE PRICE IMPROVEMENT due to needed repairs. Located on a quiet cul-de-sac and is being sold "As Is". Primary ensuite downstairs with nice tray ceiling and skylight window...
Nice size ranch in downtown Alexandria! Home offers a living room, formal dining, den and sunroom. Detached Workshop! Attached Carport! Conveniently located near major roa...
Escape the hustle and bustle with this cozy 1,100-square-foot home nestled on a sprawling 1.5-acre lot. Surrounded by nature’s beauty, this tranquil property offers endless...
EXCELLENT Investment property located in prime Cool Springs, Downtown Franklin & I-65 area. Great sized bedrooms with primary + 2 full bedrooms located on the main floor. B...
Looking for that perfect home at a great price? Well, look no further this 3-bedroom 1 bath ranch home has a great open floor plan, Kitchen with lots of lovely cabinets, ap...
Grand home in superb neighborhood. With over 3,300 sq ft there is a lot of room. There are 5 bedrooms, 4 baths, living room with fireplace, bonus room, formal dining room...
What to Expect From Nashville's Foreclosure Market?
It's also worth bearing in mind that because a builder has gone out of business and the homes are now being foreclosed on that maybe the demand for those homes was a function of the the builder jumping on the real estate boom band wagon and building homes that were rejected by the general home buying public or the location was a major factor. Either way the future resale of the home should be a serious consideration because the foreclosure price may represent the real market value and you'll have to price accordingly when you come to sell the home.
The talk of possible recession is a twin edged sword for the real estate community. The possibility of a rate reduction in the prime interest rate can lead to mortgage rates being reduced but the negative talk can reduce consumer confidence and reinforce the "wait and see" mode of home buyers.
Looking Back: Nashville Foreclosures in Years Past
As the weather improved across the United States the traditional season for moving kicked into high gear. Already the number of inquiries regarding real estate to this site and sites like HummerHomes.com, NashvilleHomes.org, NashvilleBuyers.com have all reported a significant increase in the last few weeks starting early April 2010.
Now that we are heading into the traditional slow season it is clear that the demand has slowed down but The Ashton Real Estate group is still having a lot of success.
2009 overall has been an excellent real estate market for those with the finaces and ability to buy a home. The combination of historically low mortgagte rates, high unemployement, the first time home buyer incentives, and the general resignation of home sellers that they would be losing money on the sale of their home compared to the hey day of real estate in 2006.
2010 has got off very positive start in the first six months as home buyers and sellers are starting to feel more confident about the end of the recession. As consumer confidence begins to grow and people turn from a wait and see mode to its a good time to buy we will see the resal estate market show signs of increasing values and smaller list price to sales price reductions.
Contact The Ashton Real Estate Group for more information about Nashville Tennessee Foreclosures
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RealTracs Solutions. Real estate listings held by brokerage firms other than The Ashton Real Estate Group of RE/MAX Advantage are marked with the Internet Data Exchange Program logo or thumbnail logo and detailed information about them includes the name of the listing brokers.
Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.
Copyright 2024 RealTracs Solutions.
Listing information last updated on May 8th, 2024 at 4:25pm CDT.
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