Nashville Real Estate Talk

THDA today lowered their rate to 4.2%. THDA is the provider of over 80% of all loans to first time home buyers in Tennessee. This is a major breakthrough

Major news for First Time Buyers

 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

This past weekend Del Webb released 21 new lots for for sale in Lake Providence, Mt. Juliet TN .

20 of the lots were sold on Saturday, August 14. Crye-Leike Realtors represented 3 of the buyers. The Cathy Wood Team had 2 of those.

We had already gotten our clients on the VIP waiting list with Del Webb in Mt. Juliet beforehand.  That enabled us to schedule an appointment on the release date before the general public.

Lake Providence, Mt. Juliet's Newest Homeowners

Our Clients Dan & Louise are moving to Mt. Juliet to be near to Nashville.  Lake Providence is also close Dan’s family in Indiana. Louise has family here in Lebanon Tn, but they will also be within a days drive of her grand children in Michigan.

Dan and Louise picked out a gorgeous corner lot in the new Franklin Phase and they were able to get it without paying a premium!  Their new home will be ready in March or April and they can’t wait.

All the geeen dots were sold on Saturday at the VIP Auction.

Having VIP status is very important when buying a Lake Providence home.  As you see from this map from the Del Webb Showroom.  All these homes sold before 2 PM and 6 more sold after that.

If you’re thinking about retiring to Mt. Juliet, give us a call  we’ll answer your questions and show you how to get the best Del Webb home site at the best price.

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.

Carriage Trail in Mount Juliet brings affordable Luxury Homes.

It’s been a long while since we have had a builder with affordable homes for sale  in Mount Juliet.  Finally we have something to cheer about with Carriage Trail in Mount Juliet. Affordable new homes in Mount Juliet.

Norfolk Homes has brought their distinctive style from Brentwood to Mount Juliet.

Carriage Trail Homes located just 1 mile from Old Hickory lake is all the buzz right now.

Just $156,900 for the basic Garland Plan and they are already selling fast.

The Garland at Carriage Trails

With 1576 sq.ft. this home is priced to compete with the more expensive new homes in Providence .

9 Ft. ceilings, granite counters, and many other sought after amenities are included and the upgrades available are also reasonable.

There are just 28 Homesites available so don’t wait. Call us now to tour the model. Jim 615-347-4424.

Search Mt. Juliet Homes

Brentwood Homes Sales Rebound-Bonbrook Leads all Neighborhoods in Sales-

One of my clients asked for a Market survey on Brentwood Tn. He is using our MLS search Engine www.NashvilleHomeSearcher.com to look for a Luxury Home in Brentwood.

We pulled this report for high- end Brentwood TN homes in the $550,00+range. That range of homes was very quiet just 6 months ago- Not Anymore!

Brentwood High-End Home Sales- April through July 2010

Actually 2 of the Active Properties are “Under Contract”. That means out of 22 properties 14 have gone under contract or closed in the last 90 Days!

Leaving just 8 homes available or less than a 2 month Supply.

BonBrook neighborhood lead all others with 2 closings, one under contract. That’s an average of one home per month selling in BonBrook. The number 2 neighborhood for Brentwood Tn home sales was Inglehame Farms with 1 closing and 1 home under contract.

For  Brentwood, TN home sellers, this is great news.  For Brentwood, TN  home buyers, you need to get moving,  this activity will bring higher prices soon.

Need a Market Survey for your Price Range? Call Jim & Cathy Wood at (615) 347-4424 or email : Jim@JimWood.net

Search Brentwood Homes for Sale

Mt. Juliet Open House Sunday July 18, 2-4PM
837 Ridgetop Drive, Mt. Juliet

Beautiful Home on almost 1 full wooded acre.

Willoughby Station, Mt. Juliet Hosts Summer Swim Meets

One of the highlights of summer in Mt. Juliet are the swim meets held at Willoughby Station.  Willoughby has 2 pools and the kids are famously good swimmers.

On this day the kids from Willoughby won.

If you’re thinking about Mt. Juliet Neighborhoods, be sure to consider Willoughby Station, it has a lot to offer.

If you’re Mt. Juliet Home Buyers, you can’t go wrong with Willoughby.

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.