Buyers Getting Off the Fence in Nashville-Middle Tennessee
Well, I found the article I mentioned in the last post. It was in Forbes. Nashville was ranked the 3rd best place to buy a foreclosure property. Does that mean all buyers are ready to take on that kind of property? Probably not…and you can read why I feel this way in a previous post.
What does it mean for real estate buyers and sellers in the Nashville area of Middle Tennessee?
Investors typically buy foreclosures because they can require more financial commitment (and risk) than the average homebuyer is willing to make (or take). The good news is that with investors ready to open their checkbooks we should start to see some of the excess inventory disappear.
As the market returns to balance, sellers will be more optimistic and less willing to negotiate. If they’ve made it this far, they might as well stick it out…right!?? Prices will stabilize and eventually the market will return to its former levels. In my opinion, that will take 3 to 5 years.
So, if you’re a buyer that’s been sitting on the fence I would caution you to start thinking about taking the leap. There are opportunities today that would have been unheard of a couple of years ago.
I specialize in helping buyers negotiate with sellers for some sort of creative financing. There are lots of reasons why this might be necessary including a buyer being trapped in the home they’re moving from. It’s a win/win for everyone. The seller has virtual certainty that the home will be sold and the buyer locks in today’s prices.
If you’re wondering how this might work in your situation (whether you’re a buyer or seller), just give me a call or visit my web site and send me a request. With a bit of information about your individual situation I can come up with a strategy that works to your benefit. Another reminder, I am a CPA and CFP® (accountant and financial planner) so I always want to make sure the deal makes good financial sense for all concerned.
If you would like to do your own investigation or monitor the market, I suggest that you set-up a Property Alert on my web site using this link: Dr. Gala's Property Alerts
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
What does it mean for real estate buyers and sellers in the Nashville area of Middle Tennessee?
Investors typically buy foreclosures because they can require more financial commitment (and risk) than the average homebuyer is willing to make (or take). The good news is that with investors ready to open their checkbooks we should start to see some of the excess inventory disappear.
As the market returns to balance, sellers will be more optimistic and less willing to negotiate. If they’ve made it this far, they might as well stick it out…right!?? Prices will stabilize and eventually the market will return to its former levels. In my opinion, that will take 3 to 5 years.
So, if you’re a buyer that’s been sitting on the fence I would caution you to start thinking about taking the leap. There are opportunities today that would have been unheard of a couple of years ago.
I specialize in helping buyers negotiate with sellers for some sort of creative financing. There are lots of reasons why this might be necessary including a buyer being trapped in the home they’re moving from. It’s a win/win for everyone. The seller has virtual certainty that the home will be sold and the buyer locks in today’s prices.
If you’re wondering how this might work in your situation (whether you’re a buyer or seller), just give me a call or visit my web site and send me a request. With a bit of information about your individual situation I can come up with a strategy that works to your benefit. Another reminder, I am a CPA and CFP® (accountant and financial planner) so I always want to make sure the deal makes good financial sense for all concerned.
If you would like to do your own investigation or monitor the market, I suggest that you set-up a Property Alert on my web site using this link: Dr. Gala's Property Alerts
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
posted by Dr. Gala at 6:34 PM
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