Buyers moving to Nashville have a budget almost 50% higher than locals looking to buy. In online searches, buyers relocating to Nashville set an average maximum price of of $719,000. Existing residents looking to buy set an average max price of $485,000. That means buyers moving to Nashville set their price search cap 48% higher than local buyers. This is the widest gap between locals and relocation buyers of any city examined in a new study. Nashville's residential real esta
You want to sell when demand is high, but inventory is low. But do you worry about being left without a new place to live? Consider this. In 2021, experts agree on these 3 predictions. Inventory will remain low Interest rates will remain low but increase gradually. Average home price will rise. That means we are in a Seller’s market. And a Seller’s market is the best time to sell your home. But all good things come to an end, and we won’t always be in a Seller’s market. If
The top 2 things when timing the sale of your home:⠀ 1. Sell when inventory is low & buyer demand in high.
2. Sell when interest rates are low & buyers can afford more.
In Nashville that means NOW.
In Jan 2020, we had 6588 homes for sale.
In Jan 2021, we had 3195 homes for sale.
Clearly inventory is very low.
As we move through the year, we would need a lot more homes on the market to meet demand. So most of 2021 will be a good time to sell.
More houses wi
Navigating multiple offers is tricky. You want the house, but you don’t want to overpay. I created a guide from to help you determine how aggressive you want your offer to be. Together we craft an offer you feel comfortable with and hopefully gets you the house! Most Aggressive price : offering over asking price contingencies : waiving appraisal and/or waiving inspection closing date : ASAP/within 1-2 weeks financing : cash earnest money : 10%+ Moderately Aggressive offer p
Here are 7 reasons the U.S. is not in a housing bubble.
1. Low inventory
Not enough houses. In March, inventory was down 28% percent from the prior year.
2. Lack of supply coming
The U.S. is 3.8 million homes short of demand, and low levels of new home construction over the past three years has increased that shortfall.
3. Buyer demographics
Nearly 5 million Millennials will be turning 30 this year. Millennials will drive the nation’s real estate market for the next d