Posts in Nashville Area Homes
HUD Acquired Inventory for the past few days in Nashville area - If you have not heard about the HUD incentive that allows qualified borrowers apply for a $100 Down Payment FHA loan contact the Grumbles team today and lets find the home that fits your needs.
MLS #1330452 Residential Photos Virtual Tour Map $105,0002 Bedrooms2 Full Bathrooms0.36 Acres 269 Garcia Dr, Ashland City, TN 37015Listed by At Home Realty Contact us today! MLS #1331118 Residential Photos Virtual Tour Map $108,0003 Bedrooms2 Full - 1 Half Ba
In the Nashville and surrounding county real estate market in October 2011, there wer 14% more sales than in October 2010. That equates to 303 more home sales.
We have two months left in 2011 to pickup 14% of the annual sales to have a flat year with 2010. If Nov and Dec are equal in units to 2010 then we will have a FLAT year so I predict that we will have an increase in the unit sales over last year.
Does your agent share these numbers with you monthly? Shouldn't they? Call The Grumbles Team, to get the scoop on the market and how it impacts you! Reach us with the social media links below or text or call at 615-587-5843.
Nashville Real Estate Market Update October 2011
The table above is a proprietary Grumbles Team analysis of the Davidson County Real Estate Market. It may not be copied in any way, however we encourage you to contact us with questions. The table is a summary of the market in Nashville and surrounding cities for the past 6 months.
In Nashville alone 360 houses per month have closed on average for the past 6 months, with an average sales price of $239,844 and an average market time of 88 days.
Interested in investing in real estate in Nashville to flip or hold? We have the list of Davidson County (Nashville) Foreclosures by clicking here!
The average price of a home for sale in Nashville is $344,709. To see a list of homes that would be considered
HUD Properties Myths about them and how to buy a HUD home
I want to dispel a few myths about HUD properties. Lets begin with the definition of a HUD property. It is simply a property where the original mortgagee had a loan that was insured by the federal government that later the mortgage was in default on through foreclosure was reclaimed. HUD is a branch of the federal government, U.S. Department of Housing and Urban Development. HUD is not in the business of real estate so it is there goal to find suitable new owners to these properties.
Myth: That HUD-acquired homes are in poor repair or bad areas. That is a myth, because the definition above of a HUD home said nothing about the location or the condition of the home, only the backing of the mortgage. How does this help you as a buyer? You can become the new owner with as little as $100 down payment. HUD has a promotion where they will allow you to offer less than list price, ask for closing costs to be paid on your behalf (up to 3%) and still only put down $100 towards the down payment. Combine that with interest rates below 4% and it is a crazy time not to buy a home. Myth #2: HUD properties are in bad repair. THis is not always t
