Nashville Real Estate Blog - Blog Archive: May, 2018

information relating to real estate in Nashville Tennessee

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May 2018

Found 9 blog entries for May 2018.

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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Tips to Install a New DeckDeck installation is a high ROI project that can boost property value and help a home sell quickly. Deck installation is also a very affordable project, so that many homeowners will at one time or another consider installing a deck in their back yard. For a homeowner who has never owned a deck, or a homeowner who has never taken on a major remodel project, deck installation can be an overwhelming or intimidating task. These tips can help make the project a success.

Decide on a Material

The type of material that the deck is made from will affect its appearance, functionality and maintenance. Some of the most common materials that decks are made from include pressure treated wood, composite decking and high-end woods like redwood and cedar.

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Good Home Investment Spending an afternoon watching one of the many house flipping shows on cable television can be enough to convince anyone to try their hand at this seemingly quick and easy way to make thousands of dollars of profit.

After all, the process looks easy enough. Just buy a very cheap fixer-upper house, put a little time and money into it, and then resell for thousand more than you paid... right?

But as the old saying goes, nothing is ever as easy as it looks and if you now own a house you are trying to flip, you may have already found that old saying to be absolutely true. Before you panic, read the following tips designed to help avoid rookie mistakes and increase your chances of actually flipping your house for real profits at the closing

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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 Nashville area home who have served in the country's armed forces, a loan from the Veterans Administration may be a valid option.

Who Qualifies for a VA Home Loan?

First off, what is a VA home 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

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What to Know About the Capital Gains Tax When Selling a HomeWhen you are engaged in a transaction as large as the sale of a home, you need to make sure that you have all your bases covered. A lot goes into the process of selling a Nashville condo or house: You've made agreements with your buyer when it comes to things like closing costs, you've negotiated contracts and inspections and appraisals, and now the sale has gone through. However, is there a chance that your profit will be reduced at the end by capital gains taxes?

What is the Capital Gains Tax?

Every seller needs to at least keep capital gains in their minds when planning the sale of the home. But how does capital gains tax work? How are capital gains taxed? The capital gains tax is a tax American homeowners pay on any profits they earn,

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Grabbing Breakfast in Nashville? Check Out These Top SpotsBreakfast is the most important meal of the day, and that's certainly the motto in Nashville. Whether it's because the Music City lends itself to late nights and lingering mornings, or because Southerners simply appreciate a deliciously nutritious breakfast, it seems that Nashville has a special spot in its heart for this morning meal.

These are some of the top spots to enjoy breakfast in Nashville:

Biscuit Love

While it now boasts two Nashville locations and a thriving base of hungry fans, Biscuit Love was originally a humble food truck that traveled around the city in search of people looking for a playful version of brunch. Now, the restaurant serves up breakfast meals—both with and without a biscuit—from 7 a.m. to 3 p.m. every day.

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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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Nashville Offers Great Diversity in Food as well as in MusicWhile plenty of folks flock to Nashville for the music, with high hopes of seeing a celebrity or two, there are plenty of other good reasons to head for this friendly city with the "small town" vibe.

Food is at the top of the list. No matter where you find yourself in Music City, chances are good that you'll also find something great to eat! Locals love their "hot chicken," and the original Prince's Hot Chicken Shack on the north side is now joined by a second location in South Nashville. It's a Nashville tradition, and even if your palate can't stand the fire and spice you'll love the story! The thriving restaurant, now operated by the great niece of the founder, is a recipient of the coveted James Beard award, and has been dishing out the heat

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