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 13 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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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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Financing Your New Home When you are applying for a home loan, it's important to have everything just right. Errors made before or during the process can result in a higher interest rate or not getting approved for a loan that you otherwise would have gotten.

Make sure to speak with your lender and/or a financial advisor to see what options make sense for your specific financial situation.

To make sure that everything goes well when it's time to talk to the bank, keep these mortgage mistakes and the way to avoid them in mind:

1. Paying off Debt Right Before Applying

It's human nature: you are running your credit and discover an old balance you forgot about. While you may have the funds handy to make good on your debt, you won't usually want do this right

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A unique and pretty cool new project is reportedly underway that will bring 20 new micro homes to the campus of Glencliff United Methodist Church when finished. 

The purpose of the new micro homes will be to provide bridge housing for homeless people in the Nashville area and hopefully reduce the number of deaths among the homeless population, which tallied 87 alone just last year

Being called the Village of Glencliff, the project is being spearheaded by Open Table Nashville, a local nonprofit group that promotes and supports affordable, low-income housing.

Each of the 20 micro homes at Glencliff United Methodist will be built on a 6-acre site at 2901 Glencliff Road and range in size from 220 square feet for a one-person home to 400 square feet

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