Real Estate Markets.
Home Prices: Check if prices have continued to rise or if there’s been any stabilization or decline.
Inventory Levels: Look at the number of homes for sale. A decrease in inventory can indicate increased demand, while an increase might suggest a cooling market.
Days on Market: Analyze how long homes are staying on the market. A decrease in this metric often signals strong demand.
Interest Rates: Consider any changes in mortgage rates, as these can significantly impact buying power and market dynamics.
Neighborhood Trends: Certain areas might experience more growth than others, so localized data can be helpful. Development projects on the horizon could indicate growth that will be coming to an area.
Perks of Working with Parks | Compass.
The first tool is the ‘Make Me Move’ price. Most people are not looking to sell their home, but almost everyone has a purchase price that would change their mind. For example, you might love your $500k house, but if someone offered $1mil, selling would be a no-brainer. That’s what this tool is for.
Short Term Rentals in Nashville.
If you're interested in a specific property, contacting the current owner or property manager can provide clarity on whether it’s approved for short-term rentals. In many cases around Nashville, properties operating as STRs are in zones that no longer allow them; however, they were grandfathered in. In some cases, the LLC of the current owner can be purchased in order to keep the ‘grandfathered’ STR operating with a property transfer.
Understanding the NAR Settlement.
On August 17, 2024, the real estate industry saw a significant shift with the announcement of a landmark settlement involving the National Association of Realtors (NAR). This settlement, stemming from a high-profile antitrust lawsuit, introduces several key changes to how real estate transactions are conducted.
Why people are moving to TN for the lots..
Williamson County, which encompasses the Brentwood and Franklin areas, is even taking extra measures to protect the large parcels of residential land. In the past few years, they’ve started requiring a 5-acre minimum per build in the unincorporated parts of the county. That means, unless you have 10+ acres, you won’t be building a second home to sell off
Building a Home in Nashville.
No matter what level of customization or price-point, it’s important to find a builder and/or development that appeals to your taste and lifestyle. In Nashville, there are various builders with unique styles.
The Benefits of Buying.
Purchasing a home protects you from market volatility and inflation down the road. When you’re renting and inflation spikes, you’ll feel that spike in your monthly rental rate. However, when you purchase a home, you’re locking in both the purchase price and usually the interest rate as well.
Caveats of New Construction.
In today’s market and especially in the Nashville area, many buyers are choosing to purchase new construction homes. There are great incentives, ample inventory, and perks of having a brand new home with little to no maintenance. There are unique caveats of new construction, so here are a few…