Buying a Home In Music City

Information about buying a home in Nashville TN with the realtors from the #1 RE/MAX team in TN The Ashton Real Estate Group

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Buying a Home

Buying a home in Nashville is the main focus of our site and as the #1 RE/MAX team in Tennessee we offer the ultimate in team service to help you buy a home

Found 78 blog entries about Buying a Home.

Making an Offer on a HomeLife is complicated. And at first glance, you may also think that purchasing a home is just as complicated. At least, it may seem that way once you realize that a fully executed real estate contract may have a dozen or more pages.

However, the length and detailed information contained within those pages is a good thing because it helps to fully represent the terms agreed upon by the buyer and seller for the protection of both parties. If you are currently searching for a home to purchase and are somewhat concerned about the wording or length of the purchase offer you will be making, the following information may help you gain helpful insight and feel more confident in your role as a buyer.

What is Usually Included in the Purchase Offer?

Once

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History of Mortgages Financing a home with a long-term mortgage is the most common way to buy a home in America, but a surprisingly large percentage of homeowners own their homes outright. Interest rates seesaw up and down, and home prices tend to appreciate over time. As long as owners are able to make the required monthly payments, all seems okay. But how has this system evolved over the years?

In decades past, prospective buyers who couldn't pay cash for a home commonly saved for a 50 percent down payment, and then secured a loan for the balance, with a balloon payment due anywhere from one to five years later.

Between 1931 and 1935, during the Great Depression, a quarter of a million people lost their homes each year. Then President Roosevelt stepped in to

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Making an Offer on a HomeIf you're on the hunt for Nashville real estate, the standard practice is to have your real estate agent assist you in negotiations with the seller. However, if you want to have more control over the process, you might decide to make an offer yourself. Here are some tips on how to arrive at an offer that is acceptable for the seller.

What Goes Into a Real Estate Purchase Offer?

The first component of an offer is the dollar amount you are offering the sellers. This should be a price that you reach with the guidance of your real estate agent to be sure it's competitive. After that, it's time to consider contingencies, or the things that could change or terminate your agreement. Common contingencies include the inspection and appraisal of the home

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Work-Live Spaces in Nashville Working from home certainly isn't a new thing, but it's a trend that's starting to be noticed by new home builders more and more, and especially here in the Nashville area where job growth continues to be on the rise.

What is a Live-Work Space?

To work efficiently at home, it's important to have a functional live-work space that gives you what you need for both living and working. Working at home has many perks, and one is avoiding a long commute just to get to work. Live-work spaces are becoming more popular as employees and companies are seeing the big benefits of having employees work at home. When there is no commute, employees are on the job immediately. Employees aren't getting burned out just traveling to work and tend to be more

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Foundation Information for Home Buyers and Buyers of New ConstructionA home's foundation can have a big influence on the way it's maintained. Some foundations are more functional than others. If you're buying a home, you may encounter properties with different types of foundations.

Understanding the different kinds and how they're maintained can help you evaluate homes as you look at them. If you're thinking about building a home, this information will be critical as you work with architects and engineers to design your new house.

Slab Foundation

Slab foundations are very common because they're relatively inexpensive to install and take less prep work than other types of foundations. Slab foundations consist of concrete footers, concrete blocks, and concrete poured on top. Homeowners like the low price tag of

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Why you should buy a new home in Nashville TNDeciding where to purchase your first home is one of the most important decisions you will ever make. You're setting the stage for the next chapter of your life, and it's important that you start off on the right foot. So, that being said, why should you consider Nashville, Tennessee if you're ready to be a homeowner? What makes Nashville, Tennessee one of the best places in the country for you to enter into the realm of real estate for the very first time?

Low Cost of Living, With Security on the Side

If this is your first time buying a house it's probably safe to assume that you have underestimated the financial requirements involved; there always seems to be more to pay for than first meets the eye. For many new homeowners, the first few years

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How to Flip a Home for Maximum ProfitBuying a home and then flipping the home is one of the more straightforward concepts in real estate, but just because it's straightforward doesn't make it a simple task. There's an art to finding the best deals out there without skimping on the quality of the work, and sometimes that combination isn't always easy to spot.

All flippers know that they're trying to find homes that need a little attention before they can be sold at peak market price. But not everyone knows the hurdles that can stand in the way of that dream. Here are a few tips to getting it right the first time.

Start at the End

When it comes to flipping a home, renovators need to first know who is most likely to want the property. They need to consider how the following

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5 Ways to Identify a Housing BubbleThe United States has had many housing bubbles and busts through the years. The most recent housing bubble was in the early 2000's with the housing bust beginning in 2007. The dramatic housing price decreases beginning in 2007 created financial hardships for many homeowners, buyers, and professionals in the real estate industry. Since housing prices tend to go up and down, it's important for potential home sellers and buyers to recognize common signs of a housing bubble.

Increases in Home Prices Outpaces Inflation

People tend to think about their housing payment as a portion of their total income. When prices go up through inflation, each item takes up a correspondingly larger share of a person's income. If the cost of food or transport goes up,

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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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