An article published in the Tennessean early this month discussed the sustained momentum of Tennessee’s hot housing market. Below we've summarized some highlights, and taken a look at Nashville’s housing market. In the first two quarters of 2021 increases in home values in Tennessee set consecutive records not only in the state, but across the nation. According to CoreLogic, a provider of housing market data and analytics, the average price of a house in the state soared 21 percent in July since the same time last year. The increase, the likes of which economists at CoreLogic say they haven't seen
It's still stiff competition for homebuyers across the country as bidding wars and all-cash offers continue to price-out many in search of a new residence. In an article on current housing market conditions published by Bloomberg in late September, we found seven key takeaways and summarized them for you here. Key Takeaways Mortgage borrowers who can offer large down payments, telecommuters who can live and work from anywhere in the country, and all-cash offers from real estate investors have created the perfect storm for bidding wars—pricing-out many house hunters, and keeping renters from becoming owners. According to economists at Realtor.com,
Whether you're in the planning stages of the design for your new flip, or you've already begun to tear down walls, if you want an insider’s look at bathroom designs that will resonate with buyers this year you'll definitely want to take a moment to read further. In its annual poll of top interior designers and home improvement professionals, Fixr.com, a home improvement website, sought to gain insight into bathroom remodeling trends expected to emerge this year. The poll included 68 individuals who were chosen based on expertise, establishment in the industry, and overall industry impact. We’ve summarized Fixr’s findings below. Black
If you are a home flipper, you may have heard of Ribbon. Ribbon is a new real estate tech startup. It's only a year old, but it was founded by former executives of Twitter and Lending Tree. Ribbon saw a market, in which tech-assisted sellers ended up having to pass up multiple potential home buyers who would have to take out a mortgage to buy the seller's home. This means that a majority of home buyers are absent from the buying pool with these tech-assisted sales. Ribbon offers a risk algorithm that figures out if a buyer is actually likely
Most real estate investors choose to work with a Realtor® who handles the negotiation process for them. However, if you’re one of the REIs who likes to call sellers and establish a relationship without using a real estate agent, here are five questions you need to ask property owners to begin negotiations. 5 Questions to Ask Sellers How long have you lived in the home? This is generally just a good icebreaker. How do you like this neighborhood? This is a great way to get a better feel for the community, and it’s another way to encourage the seller to give
As an investor, you know how important it is to have a team of professionals by your side. But how, exactly, do you find a Realtor® who understands how to sell investment properties and who can market aggressively to get yours sold? How to Interview Top Producer Real Estate Agents Let’s face it: Top producers aren’t sitting around waiting for you to call and interview them. They’re also not likely to chase your business. They’re top producers for a reason, and that means if you want to work with them, you’ll have to make some time to conduct some interviews.
If you’re considering buying a home to fix and flip, the time to calculate fair market value is before you make the purchase. Even if you think it will be the deal of the century, the price you pay for the home now doesn’t necessarily have anything to do with its fair market value. The real estate market is constantly moving, and what’s high today could be low tomorrow. It usually doesn’t happen that quickly, but you’ll need to be aware that even a month or two can make a huge difference. Calculating Fair Market Value Calculating fair market value is
If you're like many REIs who don't work with Realtors(R), one of the biggest challenges in selling your investment properties is coming up with all the right words to describe what you know is a great deal. Where do you even begin? How to Write an Amazing Ad to Sell Your Investment Property While there are many benefits to working with a talented Realtor (including the fact that your agent will write the ads for your property), some REIs choose to FSBO their investments. If you're one of them, here's what you need to know about creating the perfect