Nashville-Middle Tennessee Real Estate Data
It is no surprise that we are starting to hear that home prices are declining. Frankly, the story that home prices were holding steady was really just smoke and mirrors. The only reason that it has taken this long to realize the price declines is the fact that there is almost a year of unsold inventory on the market...not to mention all of those sellers that really want or need to sell and finally gave up.
You may be one of them. Virtually every buyer is a seller and vice versa (first-time homebuyers being the exception). You can’t afford to sell at the price someone would be willing to pay…either because you owe too much on the property or you wouldn’t walk away with enough to be able to purchase a new home that would improve your situation in some meaningful way.
The homes that are selling are not a good representation of the overall market and have affected the reliability of the data (in my opinion). Of course, you have to keep in mind that I am a CPA and CFP® (accountant and financial planner) as well. I am keenly in tune with the numbers.
So, what should you do? There is no easy answer. Opportunities definitely exist but you have to dig for them. When I’m working with a buyer in this market, I pull together all the data to attempt to understand what the seller’s position might be. Quite a bit of information is available, you just have to know where to look.
If you are at all interested in buying or selling in the next year and would like to monitor the market, I suggest that you set-up a Property Alert on my web site using this link: www.RealEstate-NashvilleTN.com/Property-Alerts.asp
The computer will send you regular updates with properties that match your criteria. When you see something that interests you, send me a note (every property has a direct link) and I’ll do some research for you. No pressure. No kidding. All I ask is that when you ARE ready to buy, you’ll allow me to help you work through the transaction.
If you’d like to talk further about how you can put my Nashville-Middle Tennessee Real Estate Services to work for you, visit www.RealEstate-NashvilleTN.com or give me a call at 615.498.4858. All Realtors® are not alike…let me prove it to you!
You may be one of them. Virtually every buyer is a seller and vice versa (first-time homebuyers being the exception). You can’t afford to sell at the price someone would be willing to pay…either because you owe too much on the property or you wouldn’t walk away with enough to be able to purchase a new home that would improve your situation in some meaningful way.
The homes that are selling are not a good representation of the overall market and have affected the reliability of the data (in my opinion). Of course, you have to keep in mind that I am a CPA and CFP® (accountant and financial planner) as well. I am keenly in tune with the numbers.
So, what should you do? There is no easy answer. Opportunities definitely exist but you have to dig for them. When I’m working with a buyer in this market, I pull together all the data to attempt to understand what the seller’s position might be. Quite a bit of information is available, you just have to know where to look.
If you are at all interested in buying or selling in the next year and would like to monitor the market, I suggest that you set-up a Property Alert on my web site using this link: www.RealEstate-NashvilleTN.com/Property-Alerts.asp
The computer will send you regular updates with properties that match your criteria. When you see something that interests you, send me a note (every property has a direct link) and I’ll do some research for you. No pressure. No kidding. All I ask is that when you ARE ready to buy, you’ll allow me to help you work through the transaction.
If you’d like to talk further about how you can put my Nashville-Middle Tennessee Real Estate Services to work for you, visit www.RealEstate-NashvilleTN.com or give me a call at 615.498.4858. All Realtors® are not alike…let me prove it to you!
posted by Dr. Gala at 12:27 PM
