Spring Hill Tennessee Ranked 45th in Nation


CNN Money Magazine ranked the top places to live in the United States. Spring Hill came in 45th.

Spring Hill is just 30 miles outside Nashville and site of a Civil War battle. Spring Hill is home to a diverse community of professionals, blue-collar workers, and retirees. The town’s General Motors plant, idled from 2009 to 2011 has been started up again and has brought great vitality to the area.

Thanks to strong schools and affordable homes, the town has seen rapid population growth over the past decade.

If you are thinking of buying or selling, talk to a REALTOR who can give you the answers you need to make an informed decision.

As always, if I can help with any of your real estate needs, please feel free to give me a call at 615 417-8182 or email me at RolandLow1@gmail.com

Roland

In Real Estate Its Price, Price, Price


In Real Estate Its Price, Price, Price

When buying – or selling – a home there are many factors that come into play in determining if this is the right home for you.  And just as there are just as many factors as there are buyers.  What is important to one person may not be important to another.

The old adage of location, location, location is certainly an important factor but hardly the only factor and may not be the most important factor, depending on the buyers’ needs or wants.

Generally speaking, there are three factors that come into play for every home purchase; Location, condition and price.  And these factors may not be in the order of importance to every buyer.

Location and condition of a home certainly affects the value of a home, but it is the price of a home that sells that home.  The best location will sell at a fair price, as will a house that needs repairs.  It is determining a “fair price” for that home in that condition, in that location and after considering a myriad of other details.  All too often a seller uses the amount owed on the mortgage in determining the listing price.  Although that may be a critical factor in selling the home, it is not a factor for the buyer.

If you are a buyer, your agent should evaluate the price of a home before you put in an offer.  I will many times send information on a home that is priced higher than what the buyer is looking for, but explain that the house is overpriced and it should sell in the range they are looking for.

If you are a seller, talk to your agent to determine the correct price to list your home.  Remember, the seller sets the list price, but the buyer determines the selling price.  Listing your home for a price because you want to get a certain amount out of it is wasting your time, the REALTORS time and ultimately the buyer’s time.

If your home has been on the market for over the average amount of time for that area, it’s time to reevaluate the price of the home and set the price to sell.

If you are thinking of buying or selling, talk to a REALTOR who can give you the information you need to make an informed decision.

As always, if I can help with any of your real estate needs, please feel free to email me at RolandLow1@gmail.com.

Roland

Thinking of Buying?: Here’s a Few Steps to Get You Started


Thinking of Buying?: Here’s a Few Steps to Get You Started

If you are thinking of buying a home, now is the time to start laying the ground work to make it happen especially if you are a first time home buyer.  My advice for first time home buyers is to start about one year before you plan to make your purchase.  Less than one year is certainly doable, but if problems surface, the one year start gives you time to get things corrected before your target date.

Here are a few tips to help you make buying a home a reality.

  • Find a REALTOR whom you want to work with.  All too often buyers just use the first agent they come in contact with once they decide to buy a home.  Many things you read will tell you to shop for an agent and give you a list of questions to ask.  I don’t agree with most of those questions.  My advice is to talk to the agent and feel comfortable with their knowledge and how well they work with you.  Are they available to answer any questions you may have?  Do you feel that they are looking out for your best interest and not just trying to sell a property?
  • It is also important to find a mortgage officer who can be involved with this process from the beginning.  If you talk to a mortgage officer, they will tell you to find the mortgage person first and then the real estate agent.  A real estate agent will tell you to find the real estate agent first.  In reality it doesn’t make much difference; however; I suggest getting the real estate agent first and the reason is this – the real estate agent will be with you every step along the way, not just for the mortgage.  Regardless which you choose first, get the agent and the mortgage officer on board early on.
  • Establish a budget that includes savings and stick with it.  It is important to pay down bills, especially credit cards, but it is also important to have cash on hand for down payment and closing costs.
  • Do not open or close any accounts without talking to either your real estate agent or mortgage officer.  Closing an account that you paid off may actually have a negative effect on your credit score.
  • Get a copy of your credit report.  You can obtain your credit report free from www.annualcreditreport.com.  Many companies advertise a “free credit report” when you subscribe to their service.  That is not necessary.  Look your credit report over carefully.  Studies have shown that 20% of all reports have errors on them.
  • Get errors corrected as soon as possible.
  • Credit experts advise that you use no more than 50% of your line of credit.  Using only 25% of you line of credit is better and can increase your credit score.
  • If you are planning on having family members, such as parents, help with the down payment; be sure to explain that to the mortgage officer up front.  There are very strict guidelines that you want to make sure you follow.

Whether you are a first time home buyer or a seasoned buyer, home-buying is a serious and complicated matter.  Having the right REALTOR and mortgage officer will be a major step in helping make the transaction as smooth as it can be.

If you are thinking of buying or selling, talk to a REALTOR who can give you the information you need to make an informed decision.

As always, if I can help with any of your real estate needs, please feel free to email me at RolandLow1@gmail.com.

Roland