Mount Juliet Foreclosures and Short sales for September 2010.
Here is the avialble list as of August 29, 2010. Click on Property to see price.
If you would like more info on any of these properties please call us at 615-347-4424 or email Jim@JimWood.net.
Mt. Juliet List of Short sales & Foreclosures
Old Hickory, TN Home prices Continue to Slide.
Over the past two years we’ve watched the Home Prices in Old Hickory TN drop from a Median of over $190,000 down to the present level of $162,950. This chart shows the downward trend in the last year alone. During that time Old Hickory has seen 10% depreciation.
The biggest reason for the continued slide in values seems to be the lack of new homes. Old Hickory was ahead of the curve when the first building Lots in Hunters Crossing, Langford Farms and Indian Lake Farms were being built in the 1980′s and 90′s.
But since then, new homes for sale in Old Hickory have been hard to find. Many of the current homes are somewhat dated and Saundersville Rd. has lost some of it’s sparkle. The result is some very good bargains are now available for Old Hickory home buyers looking in the low $200,000′s.
Old Hickory home buyers have the Lakeview school and Old Hickory lake to enjoy as well as some great shopping and water sports. The Donelson Y is close by too.
Look for Old Hickory home values to rebound in the later part of 2011.
We’ll be having an open house this Sunday in the Heron Walk neighborhood. 
The home has 3 bedrooms and 2 baths, a one car gargae and is in wonderful condition. The price is $114,900
I hope you’ll come and meet us this Sunday between 2-4PM.
at: 1104 sea Grove Pt.
Madison TN , 37115,
Directions: take i-65 N. to Old Hickory Blvd. Exit , Madison, Turn Right, , right again on Gallatin Rd., left on Neeleys’ Bend, straight on Neeley’s bend to Cheyenne, left on Cheyenne, left on Shawnee, left on Santa Maria cove, left on Sea Grove Pt., house on Right.
See you there.
Mt.Juliet Short Sale Sold! Here’s how we did it.
When the owner of this home on 5 acres came to us we knew right away that we would need to use a short sale to get him out from under the horrendous mortgage payments and salvage his credit.
The owner had bought the home for just $180,000 two year before. But the over zealous lenders kept coming back to him and telling him the property value was escalating. They led him to believe he couldn’t go wrong re-financing the home and taking out money from his “equity”.
Within a year he owed over $260,000 for the property. Ten the re-finance option stopped. he was informed by a Mortgage company that the property would bring less than $230,000 in the 2009 Market.
Worse yet, the homeowners business was failing because of the struggling economy, he could not make the large monthly payments. With his business failing he could not qualify for Government Mortgage Reduction either.
That’s where we took over the situation.
We immediately contacted his Mortgage company and let them know the situation. We helped the homeowner write hardship letters explaining his predicament. We applied for a Short Sale package from his lender and helped him gather all the required paperwork. Then we made sure that each piece of paperwork was received by the mortgage holder and verified that.
We had the homeowner sign paperwork authorizing us as his representative to the mortgage company. That way we could call them anytime and keep the process moving.
We listed the home for sale at a price close to last appraisal value of $230,000. We let everyone know we were Short Selling the property and would consider ALL offers for the Bank. We also committed to would be buyers that we would only forward one bid to the bank. Others could bid if they wanted, but we would only send them in if the Bank turned down our best bid.
We negotiated a bid from a buyer and with the homeowners signature sent it to the mortgage company.
Once the bank gave us the name of their negotiator we made ourselves available to him day and night, weekends too. I carried the file with 24/7 and was always ready to answer any questions.
Next we helped the bank get a Brokers Opinion on the property from an independent, registered Broker. He concurred with our estimate of the properties real worth and the property was moved to a second tier negotiator.
From then on we provided the mortgage company with accurate numbers of exactly how much of the offer price they would receive. The final price was $215,000. The property was closed in the last week of June 2010.
the new homeowner got a great deal on a wonderful 5 acre property. The home seller came away with nothing but at least he was relieved of the burden of the mortgage and can now restart his career and put his life back together.
The mortgage company learned a lesson too.
We were happy to help another neighbor get through this ordeal
If you or someone you know is underwater with a house note they can’t possibly pay, don’t let them slip into foreclosure. Short selling can mean the difference between a short setback and years of bad credit. Give us a call at 615-347-4424. We’re confidential and we’re here to help.
5 Acres offered in Historic Mt. Juliet Community of Suggs Creek.
Named for the Pioneer Aquilla Suggs, Suggs Creek is one of the earliest settlements in Mt. Juliet and Wilson County Tennessee. In 1805 Wilson County authorized the building of a road between Suggs Creek and Spring Creek, connecting it to Woodrums Path rd. and from there to what is now Lebanon Rd. In 1814 the Cumberland Presbyterian Church was founded there and there remains a Church and graveyard on that spot.
This 5 Acre parcel of the area is located less than 1 mile from Mt. Juliet rd. The land has a gentle roll to and most of the neighbors are raising horse there.
The property is priced at $99,900. Thats very reasonable for prime building land in Mt. Juliet and the land has already been perked for a 3 bedroom home.
Rolling 5 Acre Parcel
The Suggs Creek5 minutes from Providence
Why is it a great time to buy a Nashville, Brentwood or Mt. Juliet Home?
Just look at the math! You can own a $200,000 Mt. Juliet home for less than the rental of a 3 bedroom Apartment!
Tom Matthews of Hometown Lenders in Mt. Juliet put this short video together for you. It shows how a $220,000 Mt. Juliet home at today’s mortgage rates has never been more affordable.
I hope you enjoy this short video.
You can reach Tom Matthews at 615-852-0229
Search Brentwood, Mt. Juliet and Nashville area Homes
View Neighborhood Sales Stats for all of Nashville
May New Home Sales Down? Not in Mt. Juliet
mt. Juliet new home sales may 2010
May sales of new homes in Mt. Juliet were actually UP by 2.5% over April.
Here are the stats:
Mt. Juliet New Homes selling at 400 unit annual rate
38 New Homes sold in May-
Now here’s April’s graph
So, 37 units in April and 38 in May. The demand for new homes in Mt. Juliet continues. All this shows is that national statistics don’t tell the whole story. Every neighborhood is different.
Search New Homes in Mt. Juliet
We’re experts at negotiating with builders, call us to discuss negotiating a fair price for new home in Mt. Juliet
Jim & Cathy Wood
615-481-7609
Mt. Juliet Home Prices are on the rebound and outperforming Hendersonville. One year ago Hendersonville home prices were $20,000 above Mt. Juliet. Now it appears that Mt. Juliet home prices have caught up. In this latest Nashville Market Report, Mt. Juliet homes appear to be just $2,000 below the Hendersonville Median Price.
As you can see from the chart, both Mt. Juliet and Hendersonville home values are below where they were 1 year ago. But they appear to have hit bottom in May and are now moving upward.
Although both area are trending up Mt. Juliet is outperforming Hendersonville in the rebound. Part of this is because Mt. Juliet homes did not lose as much value. But there are two points to be made here.
1. The rebound in home values started sooner in Mt. Juliet. Home prices began to rise about 6 weeks before Hendersonville.
2. The rebound is clearly stronger for Mt. Juliet Home values over Hendersonville. At this rate Mt. Juliet Homes will e more expensive than homes in Hendersonville within a few months.
To get our free Market statistics for your Nashville area community use this link:
Online Nashville Market Reports
Search Homes in the Nashville MLS
What to do if you Don’t have Flood Insurance and have Damage in Nashville?
Many of the folks suffering the most damage and anguish from our Nashville Flood did not have flood insurance. In Many cases the Federal Emergency Management Administration ( FEMA) had not acknowledged that their homes were in a flood plain. Often these flood plains are identified as being a 50 year , 100 year or even 500 year flood plain. This of course means that the odds are that a flood could occur once in 50 years, 100 years or 500 years.
However; the Army Corps of Engineers has already designated the Nashville Flood as being a “once in 1,000 year event!”.
So how could home owners have known?
Add to this that flood insurance is ONLY available to those who live i designated flood plains and you get the idea. Nashville homeowners were in the dark.
So what do you do if you didn’t have insurance but you have flood damage?
First: Don’t lose heart. The Federal Government will be designating Nashville as disaster area soon. When that happens, federal funds will be made available to homeowners on a case by case basis. Usually this will be in the form of low cost, low interest loans to help repair the damage.
Second: Document everything! Take pictures, write it all down. You may need this information to qualify. Make a video and store it in a safe place.
Third: Keep any and all receipts! Home depot, Veterinarian bills, food, anything and everything. If it’s money you’re spending because of the damage to your home, you must have a record of it.
Fourth: Watch the FEMA website at http://www.fema.gov/. You will be able to apply there on line for disaster assistance. here is their other contact information.
If you have anyspecial questions, call Jim at 615-347-4424.
We’re here to help.
Not all Real Estate Agents are Realtors!
I had a call this morning from a very distressed Wilson County home seller. She’s said she needed a new Realtor, the one she has doesn’t seem interested in her home and has been avoiding her!
Protect the investment!
I wasn’t sure what to make of this. I listened for a while and told her I would look up her property and see if we could improve on the marketing being done by her present Realtor.
After getting off the phone I went to the Nashville are MLS and put in the property address.
“No Listing”, came back. Next I did a thorough property search on her address and all that turned up was the previous listing when she had bought the property in 2006. No other listing had taken place, no “Withdrawns” or “Expireds” were to be found either?
Now I was really interested. I looked up the agent in our MLS roster, “No Listing”.
Bingo. The home seller had been hoodwinked. Thinking she was signing up with a Realtor, she had instead signed a long term contract for exclusive marketing of her home for months with someone who had no access to the MLS Listing service, no website and apparently, no other listings!
The entire marketing effort for the past 90 days was simply a crude sign at the end of her street with a pointer, and a sign in her front yard.
Non- Realtor agents do exist. They just have to pass the Tennessee Real Estate Commissions test and just like that they are legal to assist in the buying and selling of property. However; there are many limitations , mainly to the people they work with.
Such as:
1. Only Realtors can list your home on the Multiple Listing Service (MLS). Here in Nashville we have the Middle Tennessee Multiple Listing Service or MTRMLS. That is reserved for Realtors in good standing.
2. Only Realtors have a Code of Ethics. While the state of Tennessee maintains a set of codes for Real Estate Agents and Brokers, the Realtor Code is much more stringent and demands obeyance.
3. Only Realtors have access to the Sentri-Lock system. This is the most effective and safe way to co-ordinate the showings of your home. Only Realtors have access to them and each access is electronically recorded and Time Stamped.
4. Only Realtors have the right to use that word Realtor. It is trade marked. If you are approached by someone to list your home or help you find a home, make sure they are a Licensed Realtor. Ask them for their National Assoc. of Realtors ID #. Then call your local Chapter ( Greater Nashville Assoc. of Realtors, GNAR )and verify their standing.
If my caller today had known to do this, she might have already sold her home and be in that new home she is dreaming about by now.
I’m going to call her back now and ask her to bring over her contract to see if there is anything we can do to help her. If her agent mis-repesented himself, she might be able to withdraw from the contract, but she has still missed valuable time on the market.
How did this happen? On one hand we Nashville area Realtors need to make more information known about the advantages we offer. On the other hand Nashville area home buyers and Nashville area home sellers need to be more demanding when they interview agents. Your home may be the largest investment you own, don’t trust it to anyone but a professional.
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