Nashville Real Estate Blog - Blog Archive: August, 2019

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: August, 2019 Close
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August 2019

Found 22 blog entries for August 2019.

15 vs. 30 year MortgagesWith today's low interest rates, does it make sense to build equity fast or try to pay off a mortgage?

Is it better to sign for a longer term and then pay additional principal each month? What is the best strategy for building a secure future?

Burning the Mortgage -- An Outdated Goal?

There was a time, not so terribly long ago, when the goal of every homeowner was to have a "burn the mortgage" celebration. But that was when buying a home seemed more like an end goal than home ownership is today. That was also during a time when having the security of a home for old age and future generations was simply "what was done."

Today, owning a home "free and clear," is almost a negative, because it requires cash reserves for taxes and insurance, even

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Single Family Homes, Multiplexes, Town Homes and Condos: What You Need to KnowWhen the time comes to buy a home or condo, it's very important to buy the right type of property for your needs. Some buyers will be happiest in a single-family home, others in a condo or a townhouse. Knowing the differences between the different types of properties can help you decide what type of property is right for you.

Condos

From the outside, a condo might look just like an apartment. Condos are usually found in buildings that have been divided into units, and each unit is owned by a different person. The building where the condo is located, and the property on which the condo sits, is owned by the condominium corporation.

The condo owner is responsible for maintaining everything inside their condo, but the property and the larger

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4 Ultra-Fun Nashville Events to Attend in SeptemberWith the arrival of September comes a wide variety of awesome things to do in Nashville, Tennessee. By attending these events, residents can wind down from all their summer activities and welcome the fall season in style. Tourists can plan to pop in as well to see what everyone loves most about fall in Nashville, TN. To get everyone started, here are several of the most popular events to attend in September.

Green Hills Park Festival

Beginning at 5pm on September 14th, everyone can come down to the Green Hills Park Festival to eat from their favorite food trucks, participate in fun competitions, and watch a movie under the stars. A silent auction will also be held during the event, giving everyone a chance to bring home something special.

Kids

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Marketing a Farm or Land for Sale As the owner of a farm, you may already understand the particular challenges involved in selling larger tracts of land. Not only is the buyer pool for farms much smaller than for other types of real estate, but the property can also be harder to reach.

Unless the farm borders on a busy state or interstate highway, traditional techniques such as signage and open houses that work when selling a home in Brentwood are unlikely to result in obtaining 100% of viable leads. But, with creative marketing strategies designed to precisely target likely buyers, farm owners can still enjoy an enhanced selling experience.

Notify Neighboring Farm Owners Immediately

Neighboring farmers and landowners, especially those who own large tracts of adjoining land,

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What You Should Know About Maintaining Your ChimneyIf a home has a fireplace, it likely has a chimney. And if it has a chimney, the homeowner needs to know about chimney maintenance and the problems that may arise. Many homeowners who own a home with a chimney don’t put much thought or effort into it and don’t realize when their chimney has problems that need to be fixed. Here are some of the problems that can occur and some other things homeowners need to keep in mind if they have a chimney and want to help ensure it stays in fine condition.

Chimney Liners Need to be Replaced

A chimney liner is a layer of clay, ceramic, or metal that coats the inside of a chimney and prevents the smoke from directly coming into contact with the stone or brick of the chimney. The liner helps to direct smoke and

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Showing Rental Property If you are a landlord who has decided that it is time to cash in on one of your rental properties, then you likely face the common issue of selling a tenant-occupied home.

Opening the home to a variety of real estate agents and prospective buyers is undoubtedly an inconvenience to tenants, especially since they are not related to this real estate transaction and are facing the stress of moving out in the near future.

Tenants, as opposed to owner-occupants, have nothing to gain from the sale and can sometimes be reluctant to let showings happen. Nevertheless, it is important to cooperate with tenants and keep them informed about showings. After all, without consent for showings, selling becomes difficult. How can your listing agent and other

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Should You Get a Second Mortgage While getting a mortgage to buy a home is fairly common, reasons to get a second mortgage may be less obvious. Home buyers and existing homeowners often use a second mortgage to finance a home purchase, home improvements, pay-down credit card debt or to purchase things they need.

Second mortgages are as important consideration than primary mortgages. The understanding of the finer points, from liability to interest rates, helps a borrower to make a practical decision regarding second mortgages.

Have questions about your mortgage? Always consult with your mortgage lender for advice specific to your needs.

Why Get a Second Mortgage?

Simply put, a second mortgage is a loan secured by the home that is secondary to the primary mortgage. There

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What to Keep in Mind When Buying a Vacation HomeBuying a vacation home is quite different than buying a primary residence, since you do not plan to live in it all the time. However, you may want to look for these five aspects to ensure that you are satisfied with the property and can protect your investment.

Close to Amenities

Some people love to take a vacation in a cabin that is out in the woods, far from neighbors and tourist crowds. This isolation could also get tiresome after a while. Most vacation home buyers typically want a location that is a little more busy. If you plan to spend a lot of time in your vacation home each year, you may need access to a gas station and a small grocery store without driving a great distance. At the least, you should find out how long it will take

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Selling Home With a Low Ceiling By now you already know that there's a lot you can do to boost curb appeal and stage your home to make it more appealing, and these small investments can bring in big returns in the form of a quick sale and great price. But what about the structure of your home itself? It's often too costly to make major architectural changes, but there's a lot you can do to fake it.

If your house has low ceilings – especially common in homes built from the 1950s through the 1980s – you may find that buyers balk, since today's houses are all about open floor plans and and a high, open atrium. You can't rebuild your house, but you can try some clever tricks to add some visual height to the space and make those ceilings disappear.

Add Some Color

According to

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What You Need to Know About Home Buying TerminologyWhen you buy a home for the first time, you're likely to run into a variety of terms that you've never heard before. Knowing what these terms are can help you throughout the home-buying process. This article will go over some of the most common and confusing terms that you'll see when buying a home.

Appraisal and Assessed Value

Appraisal and assessed value seem to refer to the same things, but in reality, they're very different. The appraisal happens during the escrow process. Before a bank will loan a home buyer money, they must first determine whether the house is worth the amount given in the purchase agreement.

The lender determines this by sending an appraiser to the house to conduct an appraisal. The appraisal is an assessment of the

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