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Homeowner’s Net Worth Is Still Greater Than a Renter’s

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)!  Put…

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Want to Keep up with the Joneses? Now’s the Time

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home. The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where…

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Be Careful Not to Get Caught in The Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.” Additionally, in the Joint Center for Housing Studies at Harvard University’s 2017 State…

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Americans Still Believe Real Estate is Best Long-Term Investment

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or more?” Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s…

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Nashville’s Original Suburb

Germantown Germantown covers an area of 18-square blocks and is Nashville’s oldest residential subdivision.  The streets are lined with brick sidewalks, and the neighborhood, designated as a city arboretum, has more greenery than the average urban neighborhood.  Homes in this area range from the late-1800s Victorians and cottages to newer homes, townhouses and condominiums. This charming neighborhood is only one mile from the heart of Downtown Nashville, two miles from The Gulch, and a little over two miles from East…

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Relocating? Why Nashville Is The Hometown Of Choice

I’m sure you’ve heard by now that Nashville is being called the “It City” and that, depending upon the source, 60-80 people a day are relocating to Music City.  It’s really no wonder that people are drawn here, due to our relatively low cost of living, high quality of life, and central location in the Southeast.  Nashville has grown enough that, like larger metropolitan areas around the country, it has much to offer in the way of jobs, affordable residential…

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Updating America’s Traditional Home: The Mid-Century Ranch

You don’t have to drive far around Nashville to find neighborhoods full of mid-century ranch houses. Areas such as Madison, Donelson, Crieve Hall and Green Hills are teeming with ranch homes. Most commonly, this house style has one level, with living areas on one end of the house and bedrooms on the other. With a relatively small footprint, the size generally runs between 1,000 and 2,000 square feet. Many have three bedrooms and one to two baths. Following World War…

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Honored to help this veteran and newlywed couple!

 Congratulations to these newlyweds on getting the keys to their dream home this morning! It was a blast getting to know them during their home search, and now calling them friends! Jay has given 20 years of his life in service to our country, and it has been an honor and my pleasure to be able to serve them. I hope they enjoy their home for years to come. Congrats, Jay & Tara! I appreciate their very kind words…“From our…