Thursday, 30 July 2015
Best Nashville Suburbs
If you have recently found yourself in the position of moving to the Nashville, Tennessee, area, you are in good company. Recent estimates are that somewhere around 1,000 people are moving to Nashville and its surrounding suburbs every week! People might initially be drawn to the incredibly strong job market, but they quickly fall in love with the lively and diverse culture and beautiful surroundings.
The readers of Travel + Leisure Magazine recently voted Nashville as the No. 1 friendliest city for making visitors feel so welcome. Nashville also came in as the No. 10 city for good-lookin' people and the No. 11 city for cheery food trucks! Anyone who visits or lives in Nashville is quick to find something great about this area of the country. To see the other winners, click here.
The metro area of Nashville is filled with many amazing communities to choose from when looking for a home, but if you are more of a suburb dweller, you're in luck there too! Movoto just named a list of the top 10 suburbs in Nashville based on amenities, standard of living, total crimes, unemployment, and commute time. Brentwood came in at the No. 1 spot, followed closely by Nolensville at No. 2! For the complete list, click here.
Forbes Magazine recently complied data from 961 cities around the U.S. based on affordability, commute time, strong schools, and cost of child care to come up with its "Best Small Cities for Working Parents" in America. Brentwood was named the No. 1 city and Franklin was named No. 4! It's plain to see that people continue to see the appeal of raising their families in Williamson County. For a complete list of cities, click here.
I'd love to help you find the perfect suburb or city dwelling so that you can soak in the fabulous local culture!
Posted on 07/30/2015 11:50 PM by Jarod
Sunday, 19 July 2015
Is a Realtor or FSBO Best for You?
Opinions and options abound in today's social media society when it comes to deciding the best way to sell your home. Some people hire a Realtor to handle all of their selling affairs, while others seek various ways to sell by owner.
Most proponents of FSBO will tell you that with the evolution of social media, getting the word out about your home has become much easier. You post your listing to all 700 of your Facebook friends, on a Buy, Sell, Trade site, or use a service like Forsalebyowner.com, and then you sit back and wait for someone to come to you. For some, this works great, and you get the added bonus of keeping commission dollars in your pocket, which is the number one driving force behind those who choose FSBO.
On the flip side, if you list your home with a real estate agent, you'll have use of MLS (multiple listing service), which allows thousands of people to see your home. And when you're trying to buy, Realtors also know of listings that have not been made public for various reasons. I also go into much greater detail about how a great Realtor is able to market your home in this post: How Agents Work the Market
U.S. News and World Report asked the question, "So is independent home selling right for you?" They answered their own question with, "Perhaps it's best to look at the question this way: Do you have the time and energy to take on a part-time job that pays roughly 6 percent of the selling price of your home? If the answer is yes, consider going solo. If not, hire a pro."
Snapflyers.com recently posted an infographic using data collected by thousands of people who had just completed the sale of their homes. In a nutshell, the information concluded that most For Sale by Owner homes stay on the market longer, bring in smaller offers, and at least 20% end up listing with an agent anyway.
According to those included in the data, "The most difficult problem FSBOs faced was drawing up the contracts and understanding the legal paperwork involved in selling a house." If you have any kind of a background in real estate or in legal paperwork, that part might be a breeze for you. You'll need to consider how much time and experience you have to invest in the legal end of your sale.
Brentwood, Tenn., based financial guru Dave Ramsey said, "Research has shown that between basic mistakes, pricing errors, and lack of negotiation skills, you'll cost yourself more than the agent's commission by trying to sell it yourself.â€¨ Trust me, you'll get a much better deal-with a lot less hassle-by using a top-flight real estate agent!"
After reviewing the realities of your pros and cons on both sides of this decision, give me a call if you decide to go with an experienced Realtor in the Brentwood, Tenn., area. I'd love to help answer your questions and take care of the details for you.
Posted on 07/19/2015 11:30 PM by Jarod
Sunday, 12 July 2015
Choosing a Mortgage Lender
Taking out a mortgage is a big deal, so choosing the professional who will handle your mortgage should also be a big deal. If several thousand of your dollars will be paid out in interest to a company for the next 10 to 30 years, then you deserve to be treated well during the course of your business deal. Do your homework and don't be afraid to shop around and be picky.
The Internet has made shopping for lenders more convenient in some ways, but it has also made it more confusing because there are so many lenders to choose from. Make use of the abundant mortgage information on the Internet by searching for the current interest rates being offered by several different companies. That way when you start talking numbers with someone for your loan, you know what is reasonable to expect.
To start your search for the lender who can best meet your needs, ask several people you trust for recommendations, especially if it's someone who has just recently gone through the home-buying process. Reach out to people in your circle who might work with lenders, such as accountants, legal advisors, and of course Realtors. We sit across the table from lenders all the time. We know which ones show up prepared. We know which ones take care of their clients, because those clients are also our clients.
Some real estate companies might have their own in-house lenders. This could be a more convenient option for your needs, but that doesn't mean it's the best or most competitive, so don't be afraid to ask around before you decide. The same advice goes for builders who offer upgrades with their in-house lenders. You still need to ask around to make sure you are getting the best rates and service for your specific needs.
Once you have a few names, call and interview each one or stop by their offices. Does their lending company have the best "product" that meets your needs? Some might require 10% down while others require 20%, so that is something you need to find out up front. Do they work with independent contractors if that is what you're looking for? Some do and some don't. Are they quick to return your calls and kind when you ask questions? Does the person seem engaged with your specific needs? Also, banks use different underwriting systems, so if that is something that is important to you-how the money is being backed-don't be afraid to ask that either.
As you call around, be sure to take notes from each one and ask for electronic documents if needed so that you can make your decision. Sometimes you might end up with more than one "good" choice, so your decision might actually boil down to the overall rapport you felt with one lender over another.
There are many great mortgage lenders in the Nashville, Tenn., area, and I would love to work with you and point you in the right direction.
photo credit: freedigitalphotos.net
Posted on 07/12/2015 11:40 PM by Jarod