Real Estate Blog

Thursday, 20 April 2017
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  If you are waiting for prices of homes to drop, you will probably be disappointed to learn all real estate reports say  prices are going to continue to rise.   No matter who you confer with regarding the state of home sales, the conversation leads to the same answer of buy now don't wait.

We also know that mortgage rates are on the increase and that is another reason to purchase your home now.   The increase in your mortgage rate will also impact the monthly payment so it is a wise decision to contact your Realtor now and start the process.  The great news for you as a buyer is your mortgage payment will likely be lower than your rental payment each month.  Many times it is cheaper to buy than rent.

If you believe you need a large down payment to purchase your home, you might be pleasantly surprised to learn you have enough saved  for a down payment to qualify for a loan for the home you have been wanting to purchase.     

The bottom line is that if you are ready and want to purchase a home now, you may be able to do just that.  With the help of a professional, you can quickly determine if you are qualified to buy your home and move yourself out of the rental trap.

Whether you are first time home buyer or an empty nester, contact me for guidance in making your home buying decision easier and stress free.

 

"You've Got a Friend in Real Estate"
Jarod Tanksley 615.403.8265
www.BrentwoodandBeyond.com
Brentview Realty  615.373.2814

 

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Posted on 04/20/2017 6:03 PM by Jarod Tanksley
Wednesday, 12 April 2017
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 Spring is traditionally recorded as the highest sales time for home buying.  This Spring presents a different scenario . it's not very often that we hear that there is a shortage in homes to purchase.  It seems however we have that situation in the  Greater Nashville area.  There are four categories of homes being purchased and those categories being start-up homes, trade-up homes, downsizing homes and premium homes.    Research has shown that the premium homes have recently shown a 4 percent increase.  In other words, more homes in that premium category for sale.

Scott Troxel is the president of Greater Nashville Realtors and he recently said, "The inventory has been whittled down since January well below already low levels, : he said. " The sustained demand that we see will mean an even more competitive environment with fewer homes than last year.  Even more sharks chasing the same fish."

This shortage of homes for sale has resulted in homes being on the market for a shorter period of time.  Home buyers are finding it difficult to purchase a home in a particular area.  Homes are being scooped up quickly and for a higher price. Working with a Realtor can only help especially if that Realtor has the knowledge and experience (like myself)  to know what is coming on the market before it hits. This can help avoid some stress when you are working within a budget of what you are qualified to purchase.

There is a fear of selling and not knowing where to go.  Even though the competition seems a bit fierce right now, working with a professional can help you have the advantage in making a educated decision while selling and navigating the market on the  purchase of your next home.  All while keeping your best interest in mind,  please call me with any questions anytime. I may have what you're looking for and/or a buyer for your house?

"You've Got a Friend in Real Estate"

Jarod Tanksley 615.403.8265
www.BrentwoodandBeyond.com
Brentview Realty  615.373.2814

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Posted on 04/12/2017 10:09 AM by Jarod Tanksley
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