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 332 blog entries about Buying a Home.

Home Under Construction If costs were the same, 40 percent of Americans would prefer a new construction home over a pre-existing home. That is compared to 21 percent who would opt for an established home and 39 percent with no preference.

However, fewer than half of those who strongly prefer a newly-built house are willing to fork over the additional 20 percent that new builds bring on average. Why is that? Although the newness is enticing, it doesn't single-handedly carry the luster during the home-buying experience.

While shiny and new has its allure, what's actually behind these home buyers' preferences? Questions on how to buy a new construction home? What are the pros and cons of buying a house that is newly-constructed? The following points look at some of

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Understanding Debt-to-Income When Home BuyingWhen it comes to home buying, there are a number of different factors a lender considers. Beyond the standard credit score, they're also looking at the buyer's total financial history—including the entirety of their assets, income, and debt. The debt-to-income (DTI) ratio is a major factor when it comes to the approval chances for a buyer. Why is the DTI ration significant, how do lenders calculate it, and what can home buyers can do to improve their ratio?

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is the Debt-to-Income Ratio?

The debt-to-income ratio calculates the buyer's total debt against their total income. It's calculated on a per

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Going from Renter to HomeownerThe debate between renting and buying has been going on for years. It's something many are faced with, especially when moving to a new city. Here are some of the things you should consider if you're thinking about buying or renting a home.

How to Determine if You're Ready to Rent

Nashville’s real estate market has been red hot for quite some time now, prompting many home buyers to act fast when looking for a new place to live. With home prices constantly on the rise and competition among other buyers only getting stronger, the home buying process can be even more stressful than normal right now, which is why it’s important to take a step back, take a deep breath, and try to make the best decision possible if you’re someone currently in the…
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How Home Buying Contingencies Can Ensure a Safer Home SaleBuying a home is a huge decision, not only because of how much they cost, but because there are a lot of moving parts that affect the purchasing process. Various types of safeguards are put in place during the normal home buying process that work to protect both the seller and the buyer, and in most cases, they are referred to as contingencies. What do these contingencies mean and how can they help a buyer? Let’s explore three common ones and how they work.

Contingencies To Be Aware Of

While contracts can vary from home to home, the three main home buying contingencies that people should be aware of are financing, appraisal, and inspection contingencies. In all of these scenarios, they help protect the buyer from having to remain in a

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How to Save and Budget for Closing CostsBuying a home can involve a lot of expenses to consider, including a down payment, fees, inspection costs, and more. What many people tend to think of, though, when purchasing a home is the sum of closing costs that must be paid before the purchase is finalized. While many parts of the buying process are important, having enough capital for closing costs is an integral part of the entire purchase.

What Do Closing Costs Entail?

Closing costs can include everything from recording fees, title policies, courier charges, inspections, and an impound account. This will range from 2 to 4 percent of the total purchase price, varying based on origination fees the lender charged for the loan.

Although closing costs are portrayed as one lump sum

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How to Save for a First Down PaymentHome down payments can be a significant expense for a first-time buyer, who might not be able to pay as much towards a down payment as someone who already owns a home and is able to sell it in order to finance the purchase of their next home. This can put first-time home buyers at a disadvantage in the home-buying market and raise important questions as they struggle to put together the money necessary to make the down payment on a home.

How much should I put down on a house in Nashville TN? Are there alternatives for those who can't afford the traditional 20 percent down payment requirement? Is a down payment required when buying a home? How much do down payment requirements vary from lender to lender?

With the answers to these questions,

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What You Need to Know About Getting a Home SurveyWhether a person is buying a home, adding to their existing home or erecting a new structure on their property, there's a good chance they'll need to hire a surveyor. Many states actually require a survey on property before a title is transferred. Understanding the need for a survey and when to get a survey is important.

What Is a Survey?

A survey is a scientific, mathematical study of the land to determine the legal boundaries of a property. The purpose of a survey is to determine where one property ends and another begins. A survey is a public record. The document stays on the public record forever, so the surveyor continues to be liable for the work done for the rest of his or her life.

Who Needs to Get a Survey?

Many people see the

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How to Find a Good Real Estate Agent When it comes to finding the right real estate agent, home buyers should treat it like they do when they need to find a qualified professional that will be handling any other important aspect of their life.

Many people rely on their gut instincts or simply hire the first real estate professional they meet. However, asking the right questions can help you narrow down your options and lead to a better experience.

1. How much experience do you have?

For most people, purchasing a home is the largest financial commitment they will make for their entire lives. Surprisingly few, however, delve into the length and type of experience a real estate agent brings to the table with them.

While there is no single length of time that is optimal, the

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Many first time home buyers use the Federal Housing Administration (FHA) to get a loan with a lower down payment and other lending requirements that are more accommodating. Before you apply, here is what you need to know about buying a home with an FHA loan.

Why Do People Apply for FHA Loans?

Getting a traditional mortgage is not always easy for home buyers, especially for people buying their first home. Saving up for a down payment of 10 percent could be very difficult for someone with limited funds. FHA loans are designed to provide some minor accommodations to buyers who would not be able to buy a home otherwise. FHA loans offer more flexible requirements on:

  • Minimum credit score for approval
  • Maximum debt-to-income ratio for
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What to Know When Getting a Home InspectionOne of the more important aspects of the home purchase process is the crucial step of getting a home inspection. While some buyers may see this as another service to skip in order save money, it can have the potential to completely change the rest of the transaction.

During a home inspection, a licensed professional will inspect the home in question from top to bottom, and look for any current problems or clues that there might be issues down the road. If something comes up during the inspection, it could save a buyer from huge financial headaches later on.

Get the Most From the Viewing Process

The first step in avoiding homes that have significant issues begins when you work with your real estate professional to arrange viewings of the

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