A Brown House

Buyer Beware

2012-01-22T07:12:00.001-08:00

It seems today's buyers may still be little slow even with all the internet tools. A buyer called me to see a property. As I pulled the home up on one of my search sites to check the status, it was already under contract. This has happen twice this week but I did see a trend. These buyers were searching on their own and only calling me when they found the property. This is where I think or know that Realtors and real estate agents have an advantage. They see the property coming on the market a fraction sooner than the public. That fraction makes all the difference. It's just like the Kentucky Derby, when a horse wins by a nose, they still take home all the roses. If you and other buyers you know want that advantage, call me Andy Brown with RE/MAX Elite or one of my agents today.

Great things happening at RE/MAX Elite

2011-11-09T16:34:00.001-08:00

Carrie Zeier and I have been in meetings over the last couple of days with the Regional RE/MAX office and it looks like some exciting things are in store for 2012!

Good Information if you have Mortagage Insurance or Want to Buy or Sell a HOME in Nashville, TN

2011-02-14T12:44:00.001-08:00

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December 21, 2010

MI Tax Deductibility Extended Through 2011

The President has signed the bill extending Mortgage Insurance tax deductibility through December 31, 2011. This makes it a great time to tell your customers how they can use MI to buy a home sooner and enjoy predictable payments, while benefiting by deducting the premiums from their income taxes. And MI can be canceled once the home buyer builds enough equity.

Details on Tax Deductibility for MI Remain Unchanged

The home purchase or refinance loan must close between January 1, 2007 and December 31, 2011;
Household income must be at or below $100,000 for a full deduction of premium;
The premium deduction is reduced 10% for each $1,000 of income over $100,000;
The premium deduction is prorated in the first year based on the month the loan closes;
Applies to primary residence and one other residence purchased for personal use by the taxpayer;
Monthly, annual, and single MI premiums are eligible. Financed premium deductions should be taken over a seven year period.

And That's Not All

MI from RMIC can be a better option than FHA for many borrowers, for more than one reason.

Lower monthly payments
Higher maximum loan amounts mean more borrowers and higher commissions
Real people available for help and support
Full menu of additional products and services to grow your business

Click here to access RMIC's It's Time for MI Resource Center to find out more about all the ways RMIC can help you meet your goals and help your customers. It's time for MI... and more!

Note: Tax deductibility currently is approved through December 31, 2011. RMIC does not provide tax advice. Borrowers should consult their tax advisor to determine eligibility for this deduction.

How to find Buyers for Nashville Sellers

2010-12-10T14:35:00.001-08:00

In the years past, it was the practice of developers to buy up large tracts of land in outlying areas and build large subdivisions. With
credit more readily available these homes were built quickly and purchased just as quickly. Many investor buyers bought with the hopes of selling in a year or two with a very large profit. Some did for a while then markets tighten and banks stopped lending, subdivision failed, the houses were abandoned, and the real estate market plummeted. These outlying towns full of empty houses offer real estate investors vast opportunities as short-sales and foreclosures but money is still tight for investors and buyers are harder to find.

There are 2 reasons why real estate investors are not taking advantage of this prospective opportunity?

1. The very isolation of the “commuter town” or “bedroom community” is not appealing to most buyers.

2. The end-buyer prospects have been limited in an economy that has a large number of “Credit-Challenged” buyers.

Even though the sentiment of “everything has its price” is still true, it takes a greater deal of marketing to actually make a sale.
Therefore: a large marketing genre includes more than the customary marketing techniques. Multiple listings are good but there are other, more inventive marketing techniques. Finding an agent that can expose the seller’s property to the greatest number of potential buyers would be one example. Just as the internet has become an excellent tool for researching information, some <a href=”http://www.nashvillesmls.com”>Real
Estate Agents</a> have constructed very user friendly website, providing easy assess to all related information in one place.

Another element to the process once you find the buyer is to have the right financing options available to make the entire process flow
smoothly. With the example above, the USDA (United States Department of Agriculture) is an alternative financing mechanism to the conventional lender who has already sustained a loss in the current market. This financing is available to anyone who qualifies and where
the property is in a defined as a rural area. Few investors have realized this as a viable tool. If you have the right tools or a team with the right tools in place <a href=”http://www.nashvillebuyers.com/list-your-home.php”>listing and selling your home</a> becomes a whole lot less stressful.

Andy Brown

The Ashton Real Estate Group

RE/MAX Elite

andy@andybrownrealestate.com

615-541-9191

ATTENTION: SELL YOUR HOME TO VERY MOTIVATED HOME BUYERS!

2010-12-09T12:42:00.001-08:00

Perfect timing: Only serious home buyers are looking right now. Many of them have to be settled so they can start a new job at the first of the year. Others buyer to take advantage of the tax year that
ends December 31, rather than waiting until January. Many also have to show Closing Statement to register their children for new schools in th mid term.

Perfect Conditions: Your home is decorated and inviting, showing it’s best
features, best smells, and best decorations…and the competition is limited, as other sellers take their homes off the market for a couple of months during the holidays. Most do this because agents have instructed them that its the slowest time of the year. While it may be a slow time, it may be the perfect time for you to list and sell your home. If your house is for sale and is only 1 of 3, there is a far greater chance for you to get a contract offer than if you were 1 of 20 in the spring.

Perfect Advantage: In addition now is the time to list homes and take advantage of the end
of the tax year and stay in their current home. Sell now, and postpone or arrange for closing in 2011!

Perfect Weather: Well, maybe not, but display framed pictures of your home in
spring and summer in the entryway on a table along with a packet of information about the home. Your agent can create a brochue with details that they can take to remember the house. Buyers will be impressed by smart marketing and respond to how great your home can look in all seasons.

Check out how to <a href="http://www.nashvillebuyers.com/list-your-home.php">List your Nashville Home</a>

and receive more information from Andy Brown, The Ashton Real Estate Group about marketing and selling your home.

Andy Brown

The Ashton Real Estate Group

RE/MAX Elite

andy@andybrownrealestate.com

615-541-9191

615-661-4115 fax

Where have all the Buyers gone?

2008-12-09T11:42:00.001-08:00

With a record amount of inventory on the market in the Middle Tennessee, the buyers do not seem to be searching as much as they should. Granted the world economy looks bleak, however mortgage interest rates are hanging around 5.5% and may go lower. If you want a new house or need to refinance I am not sure you are going to have a better opportunity in the next 5 years. Are you going to be the one sitting at the restaurant talking over coffee about what you should have done back in 2008. It is my professional opinion and yes I get paid to sell houses, that a whole bunch of wallflowers are going to end up in a dried arrangement on a dusty table somewhere. Don’t let the market catch you at the top. Make a deal, Search for Houses, Call a Realtor, and Buy something. House prices have definitely lost some value over the last couple of years but houses are typically buy and hold investments. The average home buyer sells a house every 3 to 7 years so flipping houses is not what I am advocating but if you need more space or would like to find your dream house, go for it. The real estate news is really bad if you’re in Florida, Nevada, California, and New England but in Nashville and Middle Tennessee homes are still for sale and the Deal or Steal is probably out there. Call a Realtor or if you can not find one call me. http://sellnashville.net