August 2021
A recent forecast from Zillow, as reported by the Home Buying Institute, predicted that home prices could continue to steadily increase into 2022. The median home value for the Nashville-Murfreesboro-Franklin metro area rose by approximately 16% over the past 12 months. Zillow also predicted that home values in the area would rise around 15% over the next 12 months. Demand from buyers remains strong across the Middle Tennessee housing market. According to the U.S. Census...
July 2021
According to a recent WKRN article, the Nashville housing market is starting to level out after months of historic sales volume. Although this month's housing inventory is down almost 50% from the same time last year, the market seems to be moving in the right direction. While it remains seller's market, there are not as many buyers as in the month of April. According to Zillow, national inventory rose by more than three percent for the second month in a...
June 2021
Summer is here! And that means it’s time to take some important measures to prepare your rental home for the hot months ahead. The following are tips that every homeowner (or their trusted property manager) should follow:
Do a test of your smoke detectors and your carbon monoxide detectors
Get your cooling system ready
May 2021
Greater Nashville Realtors reported this month that home closings for the month of April increased an astounding 43% compared to April 2020. The average days on the market was 26 and the...
Nashville real estate investors, like rental property owners everywhere, want to earn as much as possible in rent. Your property’s rental value impacts your cash flow, your stability, and your long term ROI.
However, asking for the highest possible rent will not necessarily deliver the most income. In fact, overpricing a home can lead to a more expensive problem: vacancy.
Should you charge a higher rent than competing properties, or...