3 Essential Considerations for Home Buyers
Layson Group Blog
by Meghan Caldwell
1M ago
Embarking on the journey to find your dream home is an exhilarating adventure but requires careful deliberation. With numerous options available, it’s essential to streamline your decision-making process. Here are the top three considerations to prioritize when buying a home:   1. Price Consciousness:  Establishing a realistic budget is the cornerstone of your home-buying journey. While it’s tempting to be swayed by extravagant properties, it’s crucial to remain within your financial means to avoid future stress. Here’s what you should focus on:   Sticker Price vs. Value ..read more
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February Home Inventory Up by 3% in Nashville
Layson Group Blog
by Meghan Caldwell
1M ago
The Greater Nashville REALTORS® has unveiled the most recent housing report for February. This report highlights that median prices for single-family homes surged by 6%, while condominium prices saw a modest uptick of 2%. Moreover, there was a notable 3% increase in home sales and a 7% rise in home inventory. However, pending sales witnessed a decrease of 5%. On average, homes lingered on the market for 59 days.  Current Home Values The median residential price for a single-family was $478,870, and for condos, it was $339,990. This compares to last year’s median residential prices of $45 ..read more
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7 Essential Steps to Prepare for a Successful Home Sale
Layson Group Blog
by Meghan Caldwell
3M ago
With spring just around the corner, now is the perfect time to get a head start on listing your home for sale. Embarking on the journey of selling your home can feel like a daunting task, especially if it’s your first time navigating the process. However, with proper guidance and preparation, it can be a manageable and even rewarding experience. Whether you’re gearing up to sell in the near future or simply planning ahead, laying the groundwork early can significantly streamline the selling process. By following these seven straightforward steps, you can position yourself for a successf ..read more
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3 Crucial Steps to Finding Your Dream Home
Layson Group Blog
by Meghan Caldwell
4M ago
Choosing a home is a momentous decision, and excitement can easily cloud your judgment. But fear not! You can navigate the process with clarity and confidence by focusing on three key factors – budget, location, and features. Step 1: Prioritize – Know Your Limits and Live Within Them The foundation of any good decision is a realistic budget. Consult a mortgage lender, assess your income and expenses, and determine a comfortable monthly payment. Remember, the sticker price isn’t the whole story! Factor in property taxes, insurance, maintenance, and potential HOA fees. It’s better to feel se ..read more
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December Home Inventory Up by 6% in Nashville
Layson Group Blog
by Meghan Caldwell
4M ago
The most recent housing report for December has been published by the Greater Nashville REALTORS®. The median prices remained stable for single-family homes, with condominiums experiencing a 3% decrease, and home sales saw a 4% decline. Nevertheless,  there was a noteworthy 17% increase in pending sales, and inventory showed a slight uptick of 6%. Homes, on average, spent 50 days on the market. Current Home Values The median residential price for a single-family was $470,000 and for condos, it was $340,000. This compares to last year’s median residential prices of $470,000 and condo pri ..read more
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Is Right Now The Best Time of Year to Sell Your Home?
Layson Group Blog
by Meghan Caldwell
5M ago
Every year, experts in the industry release their predictions for the real estate market. Most of these predictions suggested a substantial drop in home prices for 2023. As the year approaches its end, contemplating whether to put your house on the market now or wait until January might be on your mind. While delaying until after the holidays seems appealing, there are compelling reasons to consider making your move before the start of the new year.   Get Ahead of the Competition Towards the end of the year, fewer homeowners tend to list their houses in the residential real estate mar ..read more
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November Home Prices Up 2% in Nashville
Layson Group Blog
by Meghan Caldwell
5M ago
The Greater Nashville REALTORS® has released its latest housing report for November. The median prices increased marginally in single-family homes by 4%, and condominiums by 1%, while home sales saw a 5% decline. However, pending sales ticked up 5% and inventory edged up slightly by 3%. Homes averaged 47 days on the market. Current Home Values The median residential price for a single-family was $470,495 and for condos, it was $348,510. This compares to last year’s median residential prices of $460,000 and condo prices of $345,000. Quotes From GNAR President “We expect that the buyer pool, w ..read more
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Inventory Up 1% in Nashville for October
Layson Group Blog
by Meghan Caldwell
6M ago
The Greater Nashville REALTORS® has released its latest housing report for the month of October. Home inventory continues to top last year’s numbers by 1%. The median price of single-family homes decreased slightly by 1% to $472,370. In contrast, the median condo sales prices were up 0.1% to $347,000. Additionally, home sales decreased by 5% and pending home sales were down by 0.5%. The average days on the market were 47 days. Current Home Values The median residential price for a single-family was $472,370 and for condos, it was $347,000. This compares to last year’s median residential pric ..read more
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Predictions by Home Price Experts: Then and Now
Layson Group Blog
by Meghan Caldwell
6M ago
Every year, experts in the industry release their predictions for the real estate market. Most of these predictions suggested a substantial drop in home prices for 2023. This only magnified buyer apprehension and raised questions about the possibility of a housing crash reminiscent of the 2008 crisis. However, these headlines turned out to be widely inaccurate. While there was a modest correction in home prices after the remarkable price surges experienced during the “unicorn” years, the national housing market did not witness a significant downturn. In fact, home prices displayed rose, d ..read more
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Inventory Up 1% in Nashville for September
Layson Group Blog
by Meghan Caldwell
6M ago
The latest housing report for September from the Greater Nashville REALTORS® has been released. Home inventory continues to surpass last year’s numbers by 1%. The median price of single-family homes decreased slightly by 1% to $468,410. In contrast, the median condo sales prices were up 3% to $344,995. Additionally, home sales decreased by 19% and pending home sales were down by 7%. The average days on the market were 47 days. Current Home Values The median residential price for a single-family was $468,410 and for condos, it was $344,995. This compares to last year’s median residential pric ..read more
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