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Wednesday, 09 May 2018
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Even though there are more buyers wanting homes in our market, the home still has to be of value in the mind of the purchaser.  We hear talk everyday about our market being a "Sellers" market.  While that is mostly ​true, mortgage ​interest ​rates are slowly ​increasing. This will limit the amount of buying power for some buyers as rates rise.

In today's hot market, it's even more important to have a professional in your corner.  Your Realtor should assist you in watching the market everyday for new listing that meet your needs. Buyers, it's important to be ready to purchase.

As a Buyer you must be prepared financially to purchase the day you see the house. The first step to buying your first home or your tenth home is great credit. Making sure your credit is ​in ​order is number one on your list.  Sit down and see how financially sound you are and make some adjustments where necessary.  Your budget will determine the price range you will be looking in for a new home.  You can look online for templates to organize your budget.  If you aren't quite there, take​ the time ​to get back on track to a journey that can lead you to your dream home.

Sellers, appropriate pricing is necessary for the buyer to be willing to purchase.   Buyers wanting a home in a particular area won't just purchase any home. Again, the home has to meet the value of the price. ​Appraisals required by lenders will assure that buyers are not paying too much for homes.​ It' is also imporant to make sure your contracts are contingent upon appriasal.

Buyers are sometimes prepared to forego some items in the final contract to get the home they want even when paying top dollar.  Buying a home is an emotional process and you need to be sure you're not buying a house for the wrong reasons.  If it's the right house and checks all the boxes for what you need... you better be prepared to put your best foot forward with the original offer. Don't forget, everything is negotiable even in a Sellers market.

 

...."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 05/09/2018 7:10 AM by jarod tanksley
Wednesday, 25 April 2018
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Are you wanting to move up in size to accommodate your growing family or maybe downsize?​  You may be tired of paying high rents and are looking as a first time home buyer?

Knowing your needs are ​and what your five year plan is will determine whether you should purchase a home at this time.  For instance, are you planning to live in the same city for the next five years?   Using five years for an​example is a strategy  for buying your first home or moving up in home size.  Experts tell us it takes a few years to break even because during that time you are paying mostly interest.  

Buying a home comes with other costs too.  Transactions costs include repairs, property insurance and closing costs.  So it is also not just the monthly mortgage expense to consider but also utilities (electric, water & gas), garbage, internet,​ cable etc.  The length of time​ you have lived in your home and if you have been in it for a significant amount of time,​ the condition of your home is very important.

Any improvements you've​ done to update it over the years will increase its value​.  Even if you are looking ahead over the next few years of relocating,​ it is a great objective to keep your home updated.   Being prepared and planning ​will​ allow you to enjoy your home while living there. 
 
Keep in mind the specifics you desire in your next home like school zones neighborhoods, in a cul-de-sacs or homes with private back yards and homes away from the hustle and bustle of main thoroughfares sometimes are more desirable. 
 
Just an FYI.... With interest rates on a steady upswing, now is the time to get pre-qualified for a home loan.  Brittney Campbell loan officer with Franklin American Mortgage Company and has been with the company for nine years.  She would love to make the pre-qualification process, a smooth one for you.  Call Brittney Campbell, today at 615-778-2664 and I will help you purchase that new home you have been dreaming of.

 

And always remember....

...."You've Got a Friend in Real Estate"

 

Jarod Tanksley 615.403.8265

BrentwoodandBeyond.com

Brentview Realty 615.373.2814

 
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Posted on 04/25/2018 7:26 AM by jarod tanksley
Are you wanting to move up in size to accommodate your growing family or maybe downsize?​  You may be tired of paying high rents and are looking as a
Are you wanting to move up in size to accommodate your growing family or maybe downsize?​  You may be tired of paying high rents and are looking as a

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Open houses are designed so that as many people as possible get to see your home at one time.  An open house can actually be an introduction of your listing to
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Sellers, even though there are more buyers wanting homes in this crazy #Nashville market, the home still has to be of value in the mind of the purchaser. 
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