Nashville real estate - I hear this a lot lately, the client was interested in moving up to a larger home with better schools for his children, but fear has taken over. He knows that the market conditions are the best he's ever seen, but he can't get over the fear that the media has put into him. He knows that if he doesn't buy his dream home now, it may be out of reach when the rates and prices recover. But he's also afraid that something might happen in the job market that could hurt his income, even though he has no facts to support this theory. Nothing I can say will convince him to take action, and he knows the odds are that he will regret it.
In the Nashville area, we have finally seen the average prices of homes come down about 10 percent. Do not confuse that with price per square feet coming down 10 percent. It just means that consumers have postponed the purchases of high end homes, bringing the average size and price of homes purchased down considerably. Right now the best deals in Franklin and Brentwood are in the higher priced catagories, because they are moving at a slower pace. The selection is great, and some of the builders have very attractive prices to liquidate inventory of completed homes. Jumbo loans have also become more affordable.
If you are interested in a great home in Franklin or Brentwood tn, call Larry Brewer at 615-512-7853, or click on the link to search for Williamson county real estate.
There really isn't a better time to buy, is there Larry. Especially if you are moving up in house or neighborhood. Dollars lost on the low end of the sale pale by comparison to savings on the purchase side.
Mike
Larry, You are right about now being a good time to buy. When the market turns around, folks will make up that 10% quickly...
Your building consultant in Nashville, TN ~ Michael