15 Year Loans are Popular Again

The changes to FHA mortgages and the low interest rates you can get with a 15 year fixed rate loan are making the smart people stop and think. Sometimes the differnce in monthly payments are minimal, but the oversll cost of the loan is over $100,000 less. Seems like a no brainer to me.

Via Brewer group - Elizabeth Franklin Tn Homes (Benchmark Realty):

contact me15 year Loans are popular again - According to the Wall street Journal, the percent of home loans that are 15 year fixed rate mortgages is on the rise.

Between January and June, 26% of homeowners who refinanced chose a 15-year fixed-rate mortgage, according to data from CoreLogic, a provider of financial, property and consumer information. During all of 2009, 18.5% of borrowers who refinanced opted for a 15-year term.

WHy the change? Historically low interest rates for fixed-rate mortgages.

The average rate on a 15-year fixed-rate mortgage was 3.86% for the week ending Aug. 26, according to Freddie Mac's weekly survey of conforming mortgage rates.

I've talked to some customers who have decided to refinance their homes instead of moving up. The low rates in 15 year mortgages in some cases allowed them to reduce the term of their loans by more than 10 years and have payments close to what they started with. The end result is a savings of over $100,000 on their house payments.

If you are interested in refinancing your home or buying a Nashville Home, contact me via e-mail, or call. I have a short list of the best mortgage professionals in the area.

The Brewer Group

Benchmark Realty

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0 comments • Larry Brewer • September 03 2010 12:23PM

I Want More Smart Buyers

Nashville HomeI want more smart buyers. You know the ones I'm talking about, they usually do a lot of research before they buy anything, they visit a lot of open houses to get a feel for the area, and then they decide to go the next step. If they are really smart, they hire a local real estate expert, instead of thinking they are the expert.

Let's face it, we all get buyers who sound like they know what they are talking about, and sometimes they do, but it's usually just buzz words. (we get those with supposed SEO experts too). But when it comes right down to it, the information they have is usually not appropriate for the area they want.

To get the best best on a great home, they need professional help.

The happiest customers I have are the ones who can describe what they want, and then let me do my job. Find the best home that meets their needs, negotiate the best price, and arrange inspections, an appraisal, and negotiate repairs. They get the home they want at a great price, and no worries.

Just think about the experience factor. Most people purchase less than 5 homes in their lifetime, A good realtor will have that many deals in a busy month. After hundreds of deals, most experienced agents have seen and resolved almost every situation a realtor can have. THe strangest thing about it is that buyers agents are paid by the seller. It doesn't cost a buyer any money, and in almost every case, saves the buyer lots of money.

 Maybe it's just a control issue.

Smart customers know that a good buyers agent will save them a lot of money, the ones not so smart go find a FSBO and hope for the best.

 

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2 comments • Larry Brewer • September 03 2010 11:20AM

Murfreesboro home sales for August

Murfreesboro is a fast growing community with a lot of small businesses and the very large college Middle Tennessee State University. The homes in Murfreesboro are affordable and most are fairly new due to the rapid growth. Land is still abundant in Rutherford county, and the city continues to expand it's city limits.murfreesboro home search

Via Brewer group - Elizabeth Franklin Tn Homes (Benchmark Realty):

Murfreesboro HomeMurfreesboro Home Sales for August are as follows

  • 146 homes sold in Murfreesboro for the month of August
  • the average price of Murfreesboro homes sold was $191,233
  • average size of homes sold in Murfreesboro was 2170 square ft
  • average days on market for homes sold in murfreesboro was 72
  • 148 Murfreesboro homes are currently pending sale and under contract
  • 1414 Murfreesboro homes are listed for sale in the Nashville MLS
  • the absorption rate for homes in Murfreesboro is currently 9 months

Murfreesboro is located in Rutherford county approximately 30 miles southeast of Nashville close to I-24. Murfreesboro is know mostly for being the home of Middle Tennessee State University, the largest college in Tennessee. To search for Murfreesboro homes click here

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3 comments • Larry Brewer • September 03 2010 09:33AM

Cool Springs Home Sales for July

Cool Springs is a great place to live for those who love access to great shopping and dining, easy access to I-65 with a 20 minute commute to Nashville and the International airport, Franklin schools and parks, and some of the best neighborhood in the area.

Via Brewer group - Elizabeth Franklin Tn Homes (Benchmark Realty):

Cool Springs HomesCool Spring Home Sales for July are as follows -

  • 34 cool springs homes sold in July
  • the average price of Cool Springs homes sold in July was $449,527
  • the average days on market for homes sold in Cool Springs was 88
  • the size of cool springs homes sold in July was 3439 square ft
  • 43 Cool Springs homes are currently pending
  • 237 homes are currently available for purchase in Cool Springs

 

Cool Springs in located in Williamson county between Franklin and Brentwood. Known for the best shopping and dining in Tennessee, Cool Springs also has become the home for major businesses and residential communities.

Click here to search for homes in Cool Springs

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2 comments • Larry Brewer • August 30 2010 11:53PM

Courtside at Southern Woods

Courtside is a beautiful community of affordable Brentwood homes with great schools and good location that makes the morning commute to Nashville easy a pie.

Via Brewer group - Elizabeth Franklin Tn Homes (Benchmark Realty):

Entrance to CourtsideCourtside at Southern Woods in Brentwood,TN is a  neighborhood in northern Williamson County . It boasts some of the best schools in Tennessee. Edmondson Elementary School, Sunset Middle School and Ravenwood High Schools all accommodate this area. These Brentwood schools are all award-winners. Just minutes from I-65 and I- 24, it is ideal for commuting professionals in Nashville 

Homes in Courtside were built from 2002-present. There were several different custom builders along with some larger companies that have built in the community. Having a good buyers agent will help you make sure that you can see true quality. Square footage of the homes in Courtside vary from 2800 square feet - 4200 square feet. Prices range from $380,000- $550,000. 

The community (saltwater) pool, tennis courts and playground are gathering areas for friends and Courtside neighbors. The Southern Woods and Shadow Creek neighborhoods are also part of the HOA and work together to keep our Brentwood community beautiful.

 With the Brentwood library, Concord Road YMCA and Cool Springs Galleria just minutes away, Courtside has a quiet feel without being far away. Common area behind homes is often expansive (uncommon in Brentwood) with many old-growth trees and the cul-de-sac properties have very little traffic. For more information on Courtside at Southern Woods, feel free to contact me at 615-512-7853

 

 

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6 comments • Larry Brewer • August 25 2010 09:12PM

Open House 2712 Brenda St Thompsons Station

Open house Sunday 8/23 for this beautiful home at 2712 Brenda st in Thompsons station. Come visit and sit by the pool, enjoy the private acre lot, or the screened porch. This home has one of the most private lots in Williamson county. Yes the kitchen could use a little updating, and the carpet is at the end of it's life, but we can talk about it.

 For a private showing of this wonderful home and property, give me a call, or visit my website at www.tennhouses.com

 

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3 comments • Larry Brewer • August 12 2010 10:50PM