Buyer Beware

It seems today’s buyers may still be little slow even with all the internet tools. A buyer called me to see a property. As I pulled the home up on one of my search sites to check the status, it was already under contract. This has happen twice this week but I did see a trend. These buyers were searching on their own and only calling me when they found the property. This is where I think or know that Realtors and real estate agents have an advantage. They see the property coming on the market a fraction sooner than the public. That fraction makes all the difference. It’s just like the Kentucky Derby, when a horse wins by a nose, they still take home all the roses. If you and other buyers you know want that advantage, call me Andy Brown with RE/MAX Elite or one of my agents today.

Great things happening at RE/MAX Elite

Carrie Zeier and I have been in meetings over the last couple of days with the Regional RE/MAX office and it looks like some exciting things are in store for 2012!

Good Information if you have Mortagage Insurance or Want to Buy or Sell a HOME in Nashville, TN

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December 21, 2010   MI Tax Deductibility Extended Through 2011 The President has signed the bill extending Mortgage Insurance tax deductibility through December 31, 2011. This makes it a great time to tell your customers how they can use MI to buy a home sooner and enjoy predictable payments, while benefiting by deducting the premiums from their income taxes. And MI can be canceled once the home buyer builds enough equity.     Details on Tax Deductibility for MI Remain Unchanged The home purchase or refinance loan must close between January 1, 2007 and December 31, 2011; Household income must be at or below $100,000 for a full deduction of premium; The premium deduction is reduced 10% for each $1,000 of income over $100,000; The premium deduction is prorated in the first year based on the month the loan closes; Applies to primary residence and one other residence purchased for personal use by the taxpayer; Monthly, annual, and single MI premiums are eligible. Financed premium deductions should be taken over a seven year period.   And That’s Not All MI from RMIC can be a better option than FHA for many borrowers, for more than one reason. Lower monthly payments Higher maximum loan amounts mean more borrowers and higher commissions Real people available for help and support Full menu of additional products and services to grow your business Click here to access RMIC’s It’s Time for MI Resource Center to find out more about all the ways RMIC can help you meet your goals and help your customers. It’s time for MI… and more!     Note: Tax deductibility currently is approved through December 31, 2011. RMIC does not provide tax advice. Borrowers should consult their tax advisor to determine eligibility for this deduction.

How to find Buyers for Nashville Sellers

In the years past, it was the practice of developers to buy up large tracts of land in outlying areas and build large subdivisions. With
credit more readily available these homes were built quickly and purchased just as quickly.  Many investor buyers bought with the hopes of selling in a year or two with a very large profit.  Some did for a while then markets tighten and banks stopped lending, subdivision failed, the houses were abandoned, and the real estate market plummeted. These outlying towns full of empty houses offer real estate investors vast opportunities as short-sales and foreclosures but money is still tight for investors and buyers are harder to find.

There are 2 reasons why real estate investors are not taking advantage of this prospective opportunity?

1. The very isolation of the “commuter town” or “bedroom community” is not appealing to most buyers.

2.  The end-buyer prospects have been limited in an economy that has a large number of “Credit-Challenged” buyers.

Even though the sentiment of “everything has its price” is still true, it takes a greater deal of marketing to actually make a sale.
Therefore: a large marketing genre includes more than the customary marketing techniques. Multiple listings are good but there are other, more inventive marketing techniques.  Finding an agent that can expose the seller’s property to the greatest number of potential buyers would be one example.  Just as the internet has become an excellent tool for researching information, some <a href=”http://www.nashvillesmls.com”>Real
Estate Agents</a> have constructed very user friendly website, providing easy assess to all related information in one place. 

Another element to the process once you find the buyer is to have the right financing options available to make the entire process flow
smoothly.  With the example above, the USDA (United States Department of Agriculture) is an alternative financing mechanism to the conventional lender who has already sustained a loss in the current market. This financing is available to anyone who qualifies and where
the property is in a defined as a rural area. Few investors have realized this as a viable tool.  If you have the right tools or a team with the right tools in place <a href=”http://www.nashvillebuyers.com/list-your-home.php”>listing and selling your home</a> becomes a whole lot less stressful.

Andy Brown

The Ashton Real Estate Group

RE/MAX Elite

andy@andybrownrealestate.com

615-541-9191
 

ATTENTION: SELL YOUR HOME TO VERY MOTIVATED HOME BUYERS!

Perfect timing: Only serious home buyers are looking right now.  Many of them have to be settled so they can start a new job at the first of the year.  Others buyer to take advantage of the tax year that
ends December 31, rather than waiting until January.  Many also have to show Closing Statement to register their children for new schools in th mid term.

Perfect Conditions: Your home is decorated and inviting, showing it’s best
features, best smells, and best decorations…and the competition is limited, as other sellers take their homes off the market for a couple of months during the holidays.  Most do this because agents have instructed them that its the slowest time of the year.  While it may be a slow time, it may be the perfect time for you to list and sell your home.  If your house is for sale and is only 1 of 3, there is a far greater chance for you to get a contract offer than if you were 1 of 20 in the spring.

Perfect Advantage: In addition now is the time to list homes and take advantage of the end
of the tax year and stay in their current home. Sell now, and postpone or arrange for closing in 2011!

Perfect Weather: Well, maybe not, but display framed pictures of your home in
spring and summer in the entryway on a table along with a packet of information about the home.  Your agent can create a brochue with details that they can take to remember the house. Buyers will be impressed by smart marketing and respond to how great your home can look in all seasons.

Check out how to <a href=”http://www.nashvillebuyers.com/list-your-home.php“>List your Nashville Home</a>

and receive more information from Andy Brown, The Ashton Real Estate Group about marketing and selling your home.

Andy Brown

The Ashton Real Estate Group

RE/MAX Elite

andy@andybrownrealestate.com

615-541-9191

615-661-4115 fax

When should you buy a house?

When should you buy a house?

 With the extension and expansion of the recent tax credit for home buyers, buying a home anytime between now and April would make fiscal sense.  I have put together a report written by the IRS explaining the benefits and details of the program.  If you would like a copy of it or to meet and discuss the report please email me at AndyBrownRealEstate@hotmail.com  or call (615) 301-7841.

Endurance: the ability to withstand hardship or adversity; especially the ability to sustain a prolonged stressful effort or activity.

This is how Webster’s dictionary defines endurance. Endurance is a word most buyers and sellers are familiar with in today’s real estate market. If a seller elects to overprice their home and go against the advice of an experienced agent, they may need to endure until the market reaches their price. If a buyer makes an offer on a competitive property such as a foreclosure or bank owned property, they may have to endure a couple of different contracts on multiple homes. Endurance is why you need an experienced real estate agent. Helping you through what is probably the biggest purchase you will ever make. Call me today to help! Andy Brown (615) 301-7841

www.SellNashville.net | www.BuyNashville.net

Tax Credit Extended!

The bill has become law and the tax credit for home buyers has been extended and expanded.  The links below give a detailed Q&A from the National Association of Realtors about the program.  Take a look and if you have other questions, I would be happy to sit down and talk with you about it. 

Comparison

Frequently Asked Questions

ANDY BROWN,
RE/MAX Elite, The DeSelms Team
615-301-7841
AndyBrownRealEstate@hotmail.com
SellNashville.net

Tax Credit for Homebuyers Extended?

It appears that many people have called and congress may be listening.  They are currently debating an extension and possible expansion of the current Tax Credit for homebuyers.  The $8000 for first time buyer tax credit would continue as long as the buyer has an executed contract by April 30^th but does not have to close until June. 

 

The article also stated that it would open the tax credit to current homeowners that have lived in their homes for a consecutive five-year period in the past eight years.  These changes could open a whole new segment of the real estate market that has recently slowed. 

 

Check out the full article from the Wall Street Journal by clicking below http://online.wsj.com/article/SB125678511901015147.html

Home Buyer Seminar

Sign up for my No Hassle Buyer Seminar and you are automatically registered to win the tickets to the Nashville Symphony. Don’t wait log in to win. www.BuyNashville.net then click on the Home Buyer Seminar button.