Closing costs are separate and in addition to down payment.  Closing costs are a combination of all of the fees charged by each vendor who is required to provide services to close your purchase.  Even though each vendor sets their own fees, your lender is challenged with the task of giving you the initial estimate of what those fees are.  Total closing costs can vary significantly depending on a number of factors. The type of loan you are applying for, the down-payment percentage, and your credit score will all be factors at play. It is not unusual for closing costs to en ..read more

Costs When Selling A Home In Nashville Selling a home can be expensive. Generally, the most costly item associated with selling a home is the commission. We own our brokerage which offers us savings that some agents can’t match without skimping on marketing. This translates to a bout a 33% savings for the typical home seller. More on this below.  Of course, there are many other fees involved in a traditional sale. Let’s discuss each separately.  Title Insurance What is title insurance? It’s an insurance policy that guards lenders and new owners against undisclosed liens that m ..read more

See The Stats The Nashville Median Home Sales Price Surpasses $500,000 The Nashville real estate market achieved a remarkable feat in April, setting a new record despite the challenges posed by declining sales volume and rising interest rates. The median sales price in the Greater Nashville area has exceeded $500,000 for the first time. This milestone underscores some of the unique dynamics at play in the Middle Tennessee MSA, which encompasses Davidson County and its eight surrounding counties: Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson. Factors Driving t ..read more

As realtors in Nashville, we know that saving for a down payment is one of the biggest challenges to homeownership, especially for low-to-moderate-income buyers. Thankfully, The Housing Fund, in conjunction with Amazon, offers two excellent down payment assistance programs that can provide vital help. Down Payment Assistance Loans Up to $35,000 The Housing Fund’s Down Payment Assistance program offers affordable loans up to $35,000 to cover the down payment, prepaids, and closing costs. To qualify, home buyers must: – Use the home as their primary residence – Get approved for a first mortgag ..read more

As your real estate partners in Nashville, our goal is to be a trusted resource for all things related to homeownership – not just during the buying or selling process. Even if you’re not actively looking to move, there are several valuable services we can provide to keep you informed and make your life just a little bit easier. Home Value and Equity Updates Knowledge is power when it comes to your biggest investment – your home. We can set up monthly or quarterly home value reports sent straight to your inbox. These cover your current estimated home value, equity position, and how your home ..read more

Real Estate is dynamic rather than static—markets shift, rules change, and the way we do business is constantly in flux. Recent national discussions have spotlighted real estate commissions, leading to significant changes that will take effect in mid-July. We want to offer you our experience and perspective to guide you through these changes and ensure your home-selling experience is both profitable and seamless. Our Approach to Listing Commissions We pride ourselves on transparency and fairness, which is why we offer a competitive 2% listing commission, only payable upon the successful sale ..read more

By now, most folks know that changes are likely coming soon with real estate commission structures in Nashville and beyond. While some celebrate the settlement between the DOJ and NAR and heralding it as a win for consumers, others aren’t so sure. As in most things, a nuanced view of the situation is probably the most useful. One of the groups opposed to commission changes is the National Association of Real Estate Brokers (NAREB). Dr. Courtney Johnson Rose, president of NAREB, which represents Black and minority Realtists who work primarily with Black clients, fears “the impact for Black a ..read more

The recent settlement between the National Association of Realtors (NAR) and various legal challengers has sent ripples through the real estate industry, with wide-ranging implications for everyone from first-time homebuyers to seasoned agents in Nashville and beyond. As we navigate these changes, it’s essential to understand both the immediate effects and the broader implications for the future of real estate transactions. Here’s a comprehensive overview, blending new insights with our previous discussion to create an informative guide for our blog readers. Understanding the NAR Settlement ..read more

Introduction: Recently, the real estate industry has been buzzing with discussions and legal actions surrounding traditional commission structures. Today, we delve into the ongoing lawsuits that challenge the established norms and explore the potential shifts in how real estate transactions might unfold.   The Traditional Commission Setup: Traditionally, Realtors are compensated through commissions, a negotiable percentage typically ranging from five to six percent, which is often split between the buying and selling brokerages. Sellers agree to pay this commission when listing a proper ..read more

Hello, Davidson County residents and future neighbors!  Today, we’re diving into the most recent real estate metrics—specifically, the August 2023 statistics for Davidson County, TN. Let’s uncover what these numbers mean for both buyers and sellers as you navigate this market. Current State of the Market Despite interest rates hovering around 7%, competition still remains robust in our local market. One key metric, the “Months Supply of Inventory,” stands at a healthy 2.47. This measurement helps us gauge the balance of supply and demand. In simple terms, the market is still leaning towa ..read more