Since June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For those with children, they may want to be in their new home for the beginning of the school year.
If you are one of those sellers, you may find these 4 tips helpful in getting your home sold more quickly.
1. Make buyers feel at home
Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make them feel like they belong in this house! According to the Profile of Home Staging by the National Association of Realtors,
“83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”
Not only will your house spend less time on the market, but the same report mentioned that,
“One-quarter of buyers’ agents said that staging a home increased the dollar value offered between 1 – 5%, compared to other similar homes on the market that were not staged.”
2. Keep it organized
Since you took the time to declutter, keep it organized! Before the buyers show up, pick up toys, make the bed, and put away clean dishes. It is also a good idea to put out some cookies fresh from the oven or a scented candle. Buyers will remember the smell of your home! According to the same report, the kitchen is one of the most important rooms to stage in order to attract more buyers.
3. Give buyers full access
One of the top four elements when selling your home is access! If your home is available anytime, that opens up more opportunity to find a buyer right away. Some buyers, especially those relocating, don’t have much time available. If they cannot get into the house, they will move on to the next one.
4. Price it right
As we mentioned at the beginning, more inventory coming into the market guarantees there will be some competition. You want to make sure your home is noticed. The key to selling your house in 2019 is ensuring it is Priced to Sell Immediately (PTSI). That way, your home will be seen by the greatest amount of buyers and will sell at a great price before more competition comes to market!
Bottom Line
If you want to sell your house in the least amount of time at the best price with as little hassle as possible, a local real estate professional is a useful guide. Call us today to find out what you need to do to sell your home more quickly.
The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash.
When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their home). As a result, they walked away. This caused prices to fall even further.
Headlines are again talking about record levels of mortgage debt, making the comparison to the challenges that preceded the housing crash. However, cumulative debt is not an important data point. If we look at the debt as a percentage of disposable personal income, we are at an all-time low.
Here’s a visual representation of mortgage debt as a percent of income:
Furthermore, according to a new report from ATTOM Data Solutions, more than 1-in-4 homes with a mortgage have at least 50% equity. The report explains:
“[O]ver 14.5 million U.S. properties were equity rich — where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value — up by more than 834,000 from a year ago to a new high as far back as data is available, Q4 2013.”
Bottom Line
Unlike 2008, homeowners have a comfortable level of mortgage debt and are sitting on massive amounts of home equity. They will not be walking away from their homes if the housing market begins to soften.
Here are the upcoming Open Houses for residential real estate in Nashville and surrounding areas! If you would like to customize this search to meet your needs, click on “See All Results” at the bottom of this page and modify the search fields on the next page.
Please let us know if you would like information about these, or any other properties. Please let the hosting agents know that we sent you!
Open House 07/17 at 10:30AM
1 / 90
$1,469,000
Single Family Home For Sale
Active
4
BED
7
TOTAL BATHS
4,536
SQFT
1419 Richland Woods Ln Brentwood, TN 37027 Richlands Woods Subdivision
☑ Re-live the magic of your childhood at Cheekwood’s Storybook Houses.
Stop by Cheekwood Estate & Gardens between May 1st and September 1st to experience the magic of whimsical playhouses inspired by the illustrators of five of your favorite childhood classics, including “Oh, The Places You’ll Play” inspired by Dr. Seuss, “Hill Top Garden” inspired by Beatrix Potter, “Charlotte’s Barn” inspired by Garth Williams, “We Are Wild” inspired by Maurice Sendak, and “TRAINS!” inspired by Loren Long.
☑ Dance the night away at Live on the Green’s FREE music festival or make unforgettable memories at Bonnaroo.
Local radio station Lightning 100 presents Nashville’s most popularoutdoor music festival in Public Square Park each Thursday night of August with a 3-day finale on Labor Day weekend, all completely free of admission for the approx. 20,000 people who attend each week. Watch for Live on the Green’s 2019 lineup on June 20.
Craving an even more memorable experience? Camp out in a tent for a hot weekend of frolicking through the woods and staying up past midnight for late night sets at Bonnaroo Music & Arts Festival. This 4-day festival draws between 50,000 to 100,000 people from around the country to rural Manchester, TN every year.
☑ Score a one-of-a-kind find at Nashville Flea Market.
I don’t go to the Nashville Flea Market nearly as often as I would like, but when I do, it never disappoints! The flea market is open for shopping on the fourth weekend of every month, except for December when it’s open on the third weekend. Check here for specific dates and hours.
☑ Learn first hand why goat yoga is all the rage.
Surely, we aren’t the only ones who have wondered why so many people are gathering all of their friends, sisters, moms, and cousins to do yoga with goats, and the over 120,000 results for #goatyoga on Instagram tells us this isn’t just a local trend. So, what’s so alluring about doing the downward dog with a 40 lb. goat on your back? There are a couple of places in Middle Tennessee where you can find out for yourself. Class schedules are available online for Goat Yoga Nashville in Brentwood and Shenanigoats in Nashville.
☑ Watch a movie under the stars at one of Nashville’s many free outdoor movie series or Stardust Drive-In.
With nearly 100 people a day moving to Nashville, it’s easier to find a tall ‘n skinny than any resemblance of farmland, but there are still a few places to get your nails dirty and harvest your own farm fresh produce. Batey Farms, Breeden’s Orchard, Circle S Farms, and Delvin Farms are a few of our faves but you can find a more comprehensive list of U-Pick farms here.
☑ Visit The Peach Truck and make homemade cobbler.
No southern summer is complete without a homemade peach cobbler or pie, and the Nashville-based Peach Truck brings us the “best peaches the world has to offer” each summer. Check their daily schedule here.
☑ Pretend you’re a tourist for a day… ride the Pedal Tavern and yell “wooo!” every time you spot a bachelorette party.
If you’ve lived in Nashville for any length of time or ever spent a day downtown, you probably know the all too familiar sound of 15 girls pedaling their way around Broadway and Midtown yelling “wooo!” at each other, you, and everything else they see. Now, it’s your turn! Book a tour on the Pedal Tavern, or for a more family-friendly option, check out the Music City Hop On/Hop Off Trolley Tour.
☑ Hike with homeless hounds at a Tails of the Trail meetup.
Be a part of reducing euthanasia rates by hiking with local homeless hounds! Socialization and exercise can reduce kennel related stress and anxiety and improve a shelter dog’s behavior, thus extending their lives. It’s not bad for your health, either.
☑ Test your taste buds at Prince’s Hot Chicken Shack and cool off with Jeni’s Splendid Ice Cream.
My mouth is literally watering as I type this so perhaps this should be at the top of your list. If you haven’t had true Nashville hot chicken, you’ve got to get over to Prince’s Hot Chicken pronto. Then, head over to Jeni’s Splendid Ice Cream (or Las Paletas for a dairy-free alternative) to cool off… because your mouth is going to be on 🔥🔥🔥.
☑ Drink from a fresh coconut at SandBar.
Tucked away in West Nashville, across Charlotte Pike from the unmissable Off the Wall mural, is an unexpected and tiny slice of paradise called SandBar, located in an innovative development featuring sustainable design and abundant green space called ONEC1TY. Bring the kids, bring the pup, and jump into a game of sand volleyball and sip from fresh coconuts. Stop by on June 8th for a free beach bash featuring live music and fresh seafood!
☑ Be a uniter, not a divider, at Tomato Art Fest (bringing fruits and vegetables together for 16 years).
One thing Nashvillians really love is a free festival and there aren’t many places you’ll find one quirkier than the Tomato Art Fest in East Nashville. The 2-day celebration welcomes everyone on August 9th and 10th, 2019 for a fun and wacky day of art, music, food, costumes, contests, shopping, kids activities, and more. Costumes are strongly encouraged!
☑ Ride the Ferris wheel at the Wilson County Fair.
The Wilson County Fair is recognized by many as the state’s biggest and best fair. Whether you go for the rides, fair food, animals, talent, or good ol’ people-watching… if you haven’t been before, this is a definite bucket list must!
☑ Rent a B-cycle and explore the Greenway.
Nashville B-cycle is a bike share that allows you to check out bikes for an hour at a time and it’s our favorite way to explore Nashville’s nearly 90 miles of greenways!
☑ Sign up for the Nashville Public Library’s summer reading challenge.
Nashville Public Library‘s citywide summer goal is to get everyone reading for a collective 12 million minutes. Sign up for yourself, your children, or a group challenge. Read 600, 1200, and 1800 minutes to earn points for prizes. (No library card required to participate.)
☑ Splash into the rooftop pool at Cambria Hotel (now open to locals Sundays 2-6pm; adults only) or take the kids to Nashville Shores’ Aqua Park on the lake.
Have you ever ridden a banana boat or raced across the lake on a floating obstacle course? If not, 2019 is the year to check it off your list! Aqua Park at Nashville Shores is an interactive playground on Percy Priest Lake featuring 40 colorful, interconnected water elements including monkey bars, action towers, wiggle bridges, hurdles, and more.
Looking for something a little more chill? According to this Nashville Scene article, Cambria Hotel is inviting locals to splash into their rooftop pool and bar on Sundays this summer. Sip on frozen booze pops while listening to music with downtown Nashville’s skyline as a backdrop for your sunny Sunday.
☑ Throw axes at the new Downtown Sporting Club.
Who doesn’t love throwing sharp objects while drinking? Okay, maybe that’s not everyone’s idea of fun, but if you like living on the edge, one of the newest places to do just that is Downtown Sporting Club. Eat, drink, play, and sleep at this multilevel venue that has something for everyone.
☑ Commit to making a difference this summer and volunteer with Hands On Nashville.
Tennessee is known as the Volunteer State and thanks to Hands on Nashville, a hub that connects interested volunteers with opportunities near them, it’s now easier than ever to find new ways to serve your community. Speaking from experience, this is one of the most rewarding ways you could spend your summer and you’re almost guaranteed to make new friends.
☑ Give us a call if you or someone you know is thinking of buying or selling real estate this year!
#1 on our bucket list? Serving you, your family and friends. If you know someone who is thinking of buying or selling real estate in the near future, nothing would make our day, our summer, our year better than you remembering to call us. And we’d love to help you check a house off your bucket list!
