Tuesday, April 5, 2022 / by Paul Acosta
So went the saying by Nashvillians a decade ago.
According to the Nashville Business Journal, the Greater Nashville area is home to almost 2 million residents, a jump of nearly 21% during the last decade.
With more than 100 people moving to the Nashville area every day, I think it is safe to say there is no point in trying to stop the avalanche any longer.
Why? Because we all have noticed that Music City is truly the epitome of “the more, the merrier!”.
While Nashville has always been known for its deep roots in the country music arena, it has continued to flourish into a big melting pot of cultures and views ever since it hit the spotlight in 2012 when the TV series “Nashville” came to town.
It is not hard to agree that its uniqueness lies in the charm and warmth of its people and in all the fun quirks that make it a true gem of the south.
But why do people continue to move to Nashville?
Well, for starters, you might agree with someo ...
Monday, April 4, 2022 / by Paul Acosta
Buying a home is one of the most important decisions you will make in your life. In every real estate market, like Nashville, there are always some property types that take the lead in being of interest to home buyers like yourself.
It is critical that you make decisions for your real estate investment using several factors besides just your budget and the property's location. Each property type requires you, as an informed buyer, to apply a different mindset to each based not only on present circumstances but also on future outlook.
There is no one golden rule in real estate. What makes sense as an investment to someone could be wildly different from someone else. However, with some basic understanding of the details behind each property type, you can begin to simplify your search during the buying process.
Nashville's Top Residential Properties
Below we discuss the top 5 residential property types in the Nashville real estate market currently being considered and transact; ...
Tuesday, March 29, 2022 / by Paul Acosta
During one of our recent drives around town and as we traveled searching for the next great real estate deal, we started to wonder:
What makes Tennessee so unique?
What makes people love Nashville?
What prompts people to move to Tennessee?
Going about your typical day and following the same routines can turn anything new that comes into your life into the same old, same old pretty quickly. This can be said for almost everything: a new house, a new car, a new tech gadget.
Curious as we always try to be to better understand our market, and trying to keep a fresh mind when dealing with real estate in Middle Tennessee, we asked past clients, friends and relatives one simple question: “Why Tennessee?”.
And their answers surprised us all.
People not only move and stay to Tennessee because of the food and the music (which are best in class, might we say), but also because the city provides a respite from the busy world.
Why People Love Tennessee
Here a? ...
Monday, November 2, 2020 / by Katrina Waldrip
Cutting the price will generally bring buyers of anything out of the woodwork that were not serious before. Some renters could easily lower their monthly cost of housing by half or more by purchasing a home with all the financial benefits that come with it.
The most obvious thing in today’s market is that the mortgage payment could be less than the rent the tenants are paying. With mortgage rates hovering around 3%, this is a major factor of the savings.
The two other major contributing factors are appreciation and amortization of the mortgage, neither of which benefit tenants continuing to pay rent. According to the FHFA House Price Index, home prices rose 5.4% from July 2019 to July 2020. There were 400,000 less homes on the market during the summer of 2020 than the previous summer which is influencing appreciation.
With each payment a homeowner makes on their mortgage, a portion is used to reduce the principal amount owed. This is like a savings account for the owner beca. ...
Monday, October 26, 2020 / by Katrina Waldrip
Banks are concerned about making loans that will be repaid not about making loans that are tax deductible for homeowners. It is good business for the bank but how is the homeowner supposed to know?
Most homeowners and potential homeowners are aware there are tax benefits associated with ownership. For instance, mortgage interest and property taxes have been deductible expenses from federal income tax since it was enacted in 1913.
The current law provides that homeowners can deduct the interest on Acquisition Debt which is the amount of debt incurred to buy, build or improve a first or second home up to $750,000. The amount of acquisition debt decreases as payments are made and it cannot be increased unless the additional funds borrowed are used for capital improvements.
It is not uncommon for a homeowner to refinance their home for any number of reasons. It could be to get a lower interest rate that would lower the payments or remove mortgage insurance. However, when additional fu. ...