Why Now Is The Time To Buy In Nashville

Dated: 11/18/2012

Views: 842



The "Nashville" estate where Rayna James lives is for sale for $19.5 million

You have turkey and travel on the brain, I know. But let me tell you why you might want to have Nashville real estate on your mind instead:
Homes are selling like hotcakes in Nashville right now.
“Home sales for nine of the ten months in 2012 have been up more than 20 percent compared to last year,” says Greater Nashville Real Estate President Kendra Cooke. “And, for the seventh month in a row Middle Tennessee area closings are more than 2,000. What is especially encouraging is that the number of pending sales is also staying well above previous levels, meaning the pipeline of closings continues to flow.”
That goes for commercial real estate, too, which is seeing its best sales since 2007. Even rent prices are up 5 percent.
So, as the holiday season arrives, will the brakes be put on the real estate roll we've been on? Not likely.
“Few people consider this a good time to put their home on the market, due to holiday schedules and other factors," explains Cooke. "However, for those seriously considering the sale of their home, it is helpful to understand there is good reason to act soon. The seasonal trend is generally for fewer closings from November through February, but buyers who are looking during those months, and especially around the holidays, are very focused, serious buyers. And, with the election finally behind us, it is possible that those waiting on the outcome will begin to act. If you do plan to put your home on the market, be sure it is market ready and properly priced. Your realtor can help you address those, and other issues, to make your home attractive to today’s buyers.”
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TJ Anderson

TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....

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