Nashville Real Estate Talk

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

Cambridge Woods Home Sells in Record Time.

This home at 1728 Wrencrest in Cambridge Woods  recently  sold in a record 21 days. 

Search Mt. Juliet area Homes

How’s the Mt. Juliet Market?

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

Willoughby Station Leads Mt. Juliet in Sales of Existing Homes 2010.

By now you probably know that Mt. Juliet leads all of Tennessee in sales of New Homes.  Mt. Juliet is rated #29 in the USA for new homes sales.  And we all know that Providence leads Mt. Juliet in the sale of thse new homes.

But did you know that Mt. Juliet is also among the leaders in Tennessee for sales of existing homes?

And what neighborhood leads Mt. Juliet?  If you guessed Willoughby Station you were right.  Since May 1 Willoughby Station accounts for more than 10% of existing home sales in Mt. Juliet.

But even more important, Since May 1, there have been 13 homes to sell or go under contract  in Willoughby Station. That’s more than 1/3 of the 36 homes that were available in just 5 weeks.

I Real Estate we describe a Balanced Market ( neither a buyers- nor a sellers market), as one where ” there is a 6 month supply of homes at the present rate of sales”.

Willoughby Station is a Balanced Market.

Willoughby Station has 13 Homes sales'pendings in the last 5 weeks

Search Willoughby Station/ Mt. Juliet  Homes

Mt. Juliet Market Reports

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.

What’s Selling in Mt. Juliet?  And for How Much? This Home in Hawthorne Valley is a Good Example

Home in Hawthorne Valley, Mount Juliet

Our clients from Atlanta just closed on this new home in Hathorne Valley here in Mount Juliet.

The origional list price was $339,000.

We paid  $280,000! with 5% Mortgage

The house has 1/2 acre lot, 2800 sq.ft. , incredible floor plan and we even negotiated all stainless appliances including a Double Oven! I’m not kidding!

How?  We went at the Builder and their agent with solid marketing stats, we showed them that there was no way they were gonna get their asking price.  We also let them know our buyer was solid and was serious.  We won.  Thats it.

Formal Dining, This House is Incredible

If you’re thinking about buying a home anytime in the future Do It Now!

Cathy and I can’t promise we’ll get this great a deal for everybody , but we will try our hardest.

Wonderful Setting, Huge Lot

Don’t make an offer on a  New Home in Mount Juliet without us.

Cathy & Jim Wood, Crye-Leike’s #1 Couple

Search Mount Juliet Homes

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.

Historic Cambridge Woods and Cambridge Crossing,  Mt. Juliet Communities in Demand. Almost 160 years ago Richard Smith started a farm in Mt. Juliet. Mr. Smith had formerly been the overseer of the Hermitage, President Andrew Jackson’s nearby farm.

Mt.Juliet Historic Community

Over the years this farm became known as the Gillion Smith farm. Today where that farm existed we have the Mt. Juliet communities of Cambridge Woods and Cambridge Crossing.
These two neighborhoods of just 75 homes are distinguished by their  unusual yards and custom homes.

Many of the homes back up to the valley that ran through the original farm. There you’ll find deer and foxes, passing trough in the mornings and evenings.  Hawks are common too.

Other homes are part of the remaining wooded areas of the farm which were never cleared.  Taken together these homes have some of the most distinctive lots in Mt. Juliet or Wilson County.

Home sales in Cambridge Woods. Mt. Juliet, are limited to the few home owners who occasionally leave.  There is always a strong demand for these neighborhoods and so listing do not last long.

Today there are just 3 homes available for sale in both Cambridge communities. There have been 3 sales in the last 4 months,  one home selling every 6 weeks.

The Cambridge communities are located just off North Greenhill rd. in Mt. Juliet, just about 3/4 of a mile before it meets Saundersville Rd. near Lake View Elementary School.

A ride through the community is a great way to appreciate this historic neighborhood.

The Glade in Cambridge Woods

The original Pond for the farm is still there , still full of fish and a meeting place for wildlife.

The Pond at Cambridge Woods

Here is a picture of a Typical back Yard in Cambridge Woods.

Early moring in Cambridge Woods

All homes in Cambridge Woods were custom built like this one.

For more info on this and other Mt. Juliet neighborhoods, call us, Cathy & Jim @ 615-347-4424

Search Homes in Cambridge Woods

Search Homes in Mt. Juliet

Our Website