FHA down-payment minimums could go up
A bill introduced in the House of Representatives Thursday aims to limit defaults on mortgages backed by the Federal Housing Administration by further tightening standards on borrowers. The bill, sponsored and introduced by Rep. Scott Garrett (R.-New Jersey), would...
Buyers Credit Under Extra Scrutiny
Buyer Tip: If you are a buyer hoping to close on a Nashville home purchase before the November 30th tax credit deadline I have a quick tip. Lately lenders are placing extra scrutiny on credit scores right before closing. It is not recommended that you buy new...
Rolling Mill Hill: the future of the development
Many of you may already know that the Rolling Mill Hill condominium development at the site of the old Nashville General Hospital has been through several phases of disaster in the last few years. Locally MDHA has invested more than $10 million into the mixed-use...
FHA Interest Rates Fall Below 5% – lock in now!
If you are currently negotiating an contract to purchase a home using an FHA loan you are in luck. It is possible to lock-in your rate in the high-4%-range today. That's excellent news! In case you're not familiar with the process, you must have a valid, binded...
Free Predator Tix!
So my company offers us "top-producers" a choice of club-level Predator's tickets to split among agents and clients. I don't personally follow hockey, but if you do I might be able to get you a couple of tickets to see your favorite team. This offer is available to...
Interest Rates Down Slightly
Home-loan rates remained near three-month lows this week and dipped even closer to the 5 percent threshold, Freddie Mac reported in its survey this past week. According to the firm, average interest on 30-year fixed loans fell to 5.04 percent from 5.07 percent a week...
Tennessee drawing first-time home buyers says IRS
Tennessee has the 13th highest rate of residents taking advantage of the first-time homebuyer credit, the Internal Revenue Service said. About 36,000 Americans have so far taken advantage of the credit, out of 1.4 million Americans total. The tax credit of up $8,000...
Study Finds Connection Between Neighborhood Walkability and Home Values
Here's an interesting story I recently stumbled upon at the National Realtor Blog. Nashville isn't well-known to be a walkable city, however www.WalkScore.com ranked Nashville the 39th most walkable city earlier this year. If you are interest in a walkable lifestyle...
Big Draw: 12 South
What’s The Big Draw? The Big Draw is an annual event comprised of activities centered on drawing. Initiated in 2000 by the wildly successful UK Campaign for Drawing, The Big Draw promotes John Ruskin’s belief that drawing is a key to understanding and knowledge....
Online Marketing: Welcome to the new reality
I wanted to give Darrin Freedman of CB Blog Estate a shout out for his video blog post on new media marketing for today's social networks. I keep promising myself that I am going to start a video blog but the thought of seeing myself on "tape" is still a little...
Condo Purchases May Require Extra Steps
Homebuyers who are contemplating purchasing a condominium should review a long list of documents and other information to make sure that the property they are fully informed. The following information is at the top of the must-consider list: Budget. Examine the...
Velocity Special – IKEA & ModerNash design package
Here's a fun little special at Velocity in the Gulch. If your interested in taking a preview of this development, please let me know and I'll get it set up. MDHA pricing from the 130's.
6 Reasons why it’s a good time to buy:
The housing market is looking healthier. Here are six reasons why now is the time to jump into the market.
1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn’t owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available.
2. People have to live somewhere. About 800,000 new households are formed each year in this country, ensuring that the housing market will tighten, even if the economy doesn’t soar.
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When Seller Expectations Are Too High…
…it often falls to the real estate agent to help set realistic expectations. The Market judges a home’s value – not appraisers, not agents and believe it or not – not past home sales in the neighborhood. A home’s value is totally and completely based on what a buyer is willing to pay for it at any given time.
Rolling Mill Hill may go rental
You probably already no that the initial phase of the Rolling Mill Hill condo development entered receivership a few months ago. Bank receiver John Cheadle talks with the Nashville Business Journal about the future of the project.
Rate Up A Little
Freddie Mac confirms that average interest on 30-year fixed mortgages rose this past week to 5.29 percent from 5.22 percent a week earlier. Meanwhile, the average rate on a 15-year fixed loan climbed to 4.68 percent from 4.63 percent. Five-year adjustable-rate...
Buyers can purchase AND renovate in ONE loan
FHA Program Offers Purchase, Renovation Aid “The Federal Housing Administration is encouraging use of its little-known 203(k) loan program. The 203(k) lets an owner-occupant borrow money for both the purchase and renovation in one loan, and put down only 3.5 percent....