Archive for the ‘Buying a Home’ Category
It’s funny how much can change in just a few years. In roughly a decade, East Nashville has gone from a mecca for artists on a budget, to a deal on a first home, to a sought after community. The northern part of East Nashville, with its own zip code, is charming Inglewood. Quieter than East Nashville but with easy access to the same growing list of hot spots, Inglewood is known for its historic cottage style homes, recently peppered with new builds as well, and for several of its own shops and eateries that Nashvillians come from all over the city to enjoy. These are our favorites!
You have not experienced all that Nashville has to offer if you haven’t eaten at Mitchell Deli. You absolutely cannot go wrong with any of their fresh vegetables, local meats, and amazing bread. These are sandwiches you must have in your life. A favorite stop in Inglewood! We also love Village Pub & Beer Garden. They have the most delicious soft pretzels (that you can have made into a sandwich!) plus a patio for this perfect fall weather.
The original Dose Coffee is in West End, but they recently opened a new location in Inglewood! Stop by this quaint coffee shop for breakfast or come by with friends in the afternoon for a little pick-me-up.
Old Made Good has made its mark in the homes of Nashville residents! With refurnished finds and whimsical décor and gifts, this is always a fun shop to browse through. If you live in Inglewood chances are you have a record player at home! Add some new vinyl finds to your collection from Fond Object Records. The Riverside Village Pharmacy has all the soaps, supplements, and sundries you could possibly need!
THINGS TO SEE
With a Nature Center, a Greenway, a golf course, urban community gardening, a B-Cycle station and more, Shelby Bottoms Park could keep you busy for days! Go for a walk or run, take the dog, play 18 holes, bike for miles, and so much more. Being close to the park is a major perk of living in Inglewood!
WHERE TO LIVE
Though the competition for homes in Inglewood has been on the rise, there are numerous homes on the market that may perfectly suit your needs! A brand new 3 bedroom, 2.5 bath house (1,890 square feet) is listed at $369,900. A quintessential Inglewood cottage built in 1938 (updated) has 3 bedrooms and 3.5 baths (2,228 square feet) and is listed at $419,900. Thinking a little smaller? There’s a newly renovated cottage with 3 bedrooms and 2 bathrooms (1018 square feet) listed at $249,000!
Curious about what else Inglewood has to offer? Connect with us for your own personal tour!
Fall seems to be everyone’s favorite time of year. Cozy bonfires, holiday parties, festive decorations, etc. Plenty of Nashvillians are celebrating the change of season in their new homes!
There were 3,474 home closings reported for the month of September, according to figures provided by the Greater Nashville Association of REALTORS®.
“The monthly, quarterly and year-to-date numbers are actually very similar, despite only two of the three showing an increase,” said GNAR President Denise Creswell. “Year-over-year sales for the month and the quarter are essentially flat, which is to be expected this time of year. Our region’s ability to remain stable given the inventory shortage is a strong indication of the healthy market we have.”
Stats at a glance:
· There were 3,577 sales pending at the end of September, compared with 3,244 pending sales at this time last year.
· The average number of days on the market for a single-family home was 50 days, compared with 56 days for September 2015.
· The median residential price for a single-family home during September was $256,900, and for a condominium, it was $188,495. This compares with last year’s median residential and condominium prices of $236,866 and $171,325, respectively.
· Inventory at the end of September was 11,886, down from 13,141 in September 2015.
Take the first steps and connect with us about starting your search. What better way to create some amazing memories this fall than in a new home?
Have you been noticing more and more for sale signs in your neighborhood or perhaps all around town? You aren’t alone. There were 3,741 closings reported for the month of August. Can you imagine? That’s bigger than the town of Washington Depot, CT, which is the real town that the TV series Gilmore Girls was modeled after!
Here are some stats:
- The average number of days on the market for a single-family home was 51.
- Inventory at the end of August was 12,288, down from 13,511 in August 2015.
- The median residential price for a single-family home during August was $253,000, and for a condominium, it was $189,900.
- Last year’s median residential and condominium prices of $235,000 and $169,000, respectively.
- With the hundreds of people moving to Music City every day, inventory numbers are lower than they were in August 2015. There are roughly 12,288 residential options, 823 condos, 98 multi-family homes and 2,955 farm/land/lots.
There is good news, though! According to GNAR President Denise Creswell: “We have entered the time of year that is typical for the housing market to begin experiencing a slowdown. Despite that, our market still has a strong number of sales pending… it’s a good indicator that we have active buyers and sellers going into the fall.”
Even in a slower market season, there are several benefits to buying in the fall!
- Home prices are lower!
According to realtor.com, October is the best month to get a good deal on a new home. “October buyers may spend as much as 2.6% less than estimated market value.”
- There’s less competition.
With other buyers either having closed on homes over the summer or waiting until next spring, you’ll have less competition taking homes that could be yours off the market, or putting in competing offers.
- Sellers are more negotiable.
Sellers who are willing to list their homes in the fall or keep their home listed through the fall are more eager to sell and will be more willing to negotiate with you to get the deal done.
It looks as though now may be the best time to start looking and purchase that home or condo you’ve been dreaming of! Connect with us to get started.
Hindsight may be 20/20 for many people who had a hard first time buying experience this year, but we believe the process should be better! We want to empower Nashvillians to take the plunge into homeownership intelligently! Be prepared. Be educated. Know what your options are. Most of all, take advantage of these insanely low interest rates while they last.
Nashville is still growing by 91 people a day, and with that many people looking for homes, you want to be as educated and prepared to buy the right place for you as possible.
Join us at class on How to Become a Savvy Homebuyer in Nashville on Saturday, September 17th, and learn all of our team’s secrets to winning the best home for your budget in a hot market, including:
- Who you need on your team of experts
- How to win in multiple offer scenarios
- How to find homes before they hit the market
- Hot spots to invest in NOW
- How much home can you afford?
- When is the right time to buy?
- How to sell and buy simultaneously
This is the perfect course for first time homebuyers AND experienced homebuyers. We will have a free lunch catered, lenders present to answer any financing quesitons you have, and plenty of Q&A time for your to ask all of your burning real estate questions to our team of experts!
Saturday, September 17, 2016 from 11:00 AM to 1:00 PM
30 Burton Hills Blvd – 30 Burton Hills Boulevard Suite 400, Nashville, TN 37215
Register here so we know you’re coming!
We know it’s true that the Nashville market is hot with no signs of cooling down. But what is it exactly that homebuyers are looking for? What might you consider if you’re getting your home ready to sell? What would you be wise to invest in if you’re looking to buy a home that will hold its value?
Even though Nashville has tons of popular boroughs like The Gulch, Germantown, Midtown, and Sylvan Park, to name a few, it looks as if many homebuyers may consider design as much or more of a priority than they do location.
According to a recent poll, here are the top 13 things homebuyers want in their home:
- A laundry room: Wash, dry, fold, and have plenty of room to do it in. If you haven’t noticed the dreamy laundry rooms on Pinterest then you’re missing out!
- ENERGY STAR appliances: We love a home that uses power wisely, appliances included! Go the extra mile when it comes to your refrigerator, dishwasher, and laundry.
- Exterior lighting: Bring your home’s curb appeal to a whole new level with beautiful exterior lights! Not only will they make your home look lovely all lit up at night but the lights themselves can add character to your home’s design.
- ENERGY STAR rating for whole home: An efficient home is a happy home! Curious about tax credits or ENERGY STAR contractors? Learn more at energystar.gov.
- ENERGY STAR windows: You don’t think much of your windows unless they’re working poorly to keep your home protected. Windows should keep your home safe, and that includes energy consumption!
- Ceiling fans: When you love having great air movement through your home, this is something you’d rather look for than have to change later, as simple as that may be. Looking to sell? Upgrade some of your fixtures to fans, especially in the bedrooms!
- Patio: An upgrade to the front porch sitting tradition, we love patios! Pretty furniture, grills, and fire-pits all make patios ideal for relaxing evenings at home or seasonal entertaining. It’s like a whole other room has been added to your home!
- Full bathroom on main level: Gone are the days of the powder room for guests. Whether it’s the family dog’s bath time or a place for your guests to have their own bathroom, the homebuyers of 2016 are looking for this!
- Hardwood on main floor: Your parents’ carpeting is O-U-T. Hardwoods, whether they’re new or refinished, dark or light, are in! Worth the investment? Absolutely!
- Insulation higher than required by code: We love getting a low electric bill. Bring on the insulation! If you’ve done this well in your home, go ahead and brag on it!
- Garage storage: You don’t have to be a pack rat to appreciate having a place for everything. Today’s best garages have room for more than just your car. Workshops, shelving, and a place to put all that Christmas décor will add value to your home.
- Table space for eating in kitchen: When’s the last time you sat in a formal dining room for dinner? A while? Us too. We love big islands or casual dining tables right in the kitchen, arguably the heart of activity in your home.
- Walk-in pantry: Going back to that “having a place for everything” thing, a big pantry means a place for your dry goods, stocks of paper products, party supplies, and much more. Collective “ahhhhh!”
What are some of your home search must-haves? What are things you forgot to think about? We want to hear from you!
Know what you’re looking for in a home, or want some advice on getting your home ready to sell? Connect with us!