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Guess what?
This week, Home Mortgage rates hit the lowest number since the beginning of recorded data (1971).
Also . . .
Home prices have now been in decline in many markets around the country for 2+ years, and many "experts" believe that they are nearing the bottom.
This may not feel like good news to those who currently own homes . . . Feeling somewhat "cheated" that their houses are no longer worth what they were a couple of years back.
Let's think this one through . . .
Your "Real Property" is worth SOMETHING, right?
That's a far cry better than many stock investments performed in the past 5 years (Somepeople lost ALL of their investment with no possibility of recouping).
This perfect storm of historically low rates and prices is a HUGE opportunity for ALL home-owners.
If you've EVER considered:
- Buying your first home
- Moving to a larger home
- Down-sizing to a smaller home
- Pursuing your dream home
NOW is the time to begin exploring your options. For many people, the homes of their dreams have come into range for them as "Home Affordability" has improved.
You can get a heck of a lot more house for you money now than EVER in history . . . PERIOD!
So (you might ask) . . . "Why must I do this NOW? Rates have been pretty darned low for a long time, and I've been able to watch values tumble . . . Seems the longer I wait, the better things get for me."
That's a valid observation . . .
Here's the "BUT" . . .
All perfect storms come to an end at some point . . . and when they do, they tend to clear up relatively quickly.
Here's how that'll affect YOU:
The first thing you'll see happening is that rates will begin to creep up . . .
They HAVE to . . . as Inflation begins to kick in . . . The government cannot afford to bail us out forever.
Next . . .
Buyers will swarm because they will guess that the corner has turned so they feel sudden urgency to act before they lose their window of opportunity.
All of this new action will create scarcity in the Real Estate markets and prices (values) will begin to rise.
All the while, income levels will not likely grow commensurately.
and for every ONE PERCENT rise in interest rate, buyers will lose @ ELEVEN percent of their buying power.
Do the math . . .
How could you afford missing this opportunity?
How smart ARE you?
When you hear the news that rates are beginning to climb, you will have missed the "sweet spot".
Clint Eastwood said it best: "Do you feel lucky?" Did he fire 5 or 6 rounds?
Today, I can buy a $500,000 house with a payment of less than $3,000 per month (piti) @ 4.5% . . .
When rates climb to 5.5% (Which could happen in the matter of a few days), that same $3,000/mth gets me @ a $440,000 house.
HMMMM!
Plugin your own numbers.
and quit worrying about how much you can get for your current home . . . Where do you want to live?
There has NEVER in history been a better time to buy real property.
I'm certainly available for those Buyers and Sellers in Middle in Middle Tennessee who want to to test my theory :-)
I'm just sayin'
Best,
b
Barry Owen
Principal Real Estate Broker
Keller Williams Realty
30 Burton Hills Blvd Suite 175
Nashville, TN 37215 - Green Hills
Call me: 615-568-2123
Text me: http://www.mycricket.com/sendtextmessage/ 6155682123
email me: barryowen@kw.com
Visit The Owen Group http://www.theowengroup.net
http://www.owengroupnashvillehomes.com
Barry Owen's Internet Portal to all blogsites, websites, and social networks
http://tnrealestatetribalhub.wordpress.com/2009/06/02/barry-owens-web-portal/
Simply & BOLDLY Living the FourFold Way in Open Space!
Quintessentially connected to the real estate industry to offer the ultimate experience for Home Buyers and Sellers in Middle Tennessee . . . Inquire within!
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Nashville TN Real Estate - Bradford Hills October/November 2009 Market Report

There is good news on the Horizon for Bradford Hills! A recent study showed that home sales in this neighborhood are up 350% in October November 2009 over the same period in 2008. There were 2 sales last year and this year there were 7.
With small numbers like these, it's hard to give a clear picture of the price changes. Last fall the two sales sold at $110/square foot and $121/sqft. This year the prices go between $67/sqft (this was a 3000 sqft home will a full finished basement) on a foreclosure to $145/sqft on an updated 1300 sqft ranch with a beautiful view.
Homes in this neighborhood range in size from 1250 square feet to over 3000sqft. With over 40 different floor plans, the prices are always all over the board.
The Nashville TN Real Estate market overall was up 150% over the same time period. This just reinforces the knowledge that Bradford Hills and Holt Woods are great neighborhoods to purchase and live in. They are centrally located in the Southern half of Davidson County in Nashville. Within 15 minutes of Cool Springs, Downtown and Brentwood.
Search for Homes for Sale in Nashville TN
Connie Harvey is a full time Realtor with Prudential Woodmont Realty Group in Brentwood TN. She services both Buyers and Sellers with their Real Estate need in Nashville TN, Franklin TN, Brentwood TN and surrounding areas. She is also an Active Homeowner in Holt Woods.
She can be reached at 615-661-7800 x 1300 or HarveyC@realtracs.com.
Follow her Blog, Nashville Tennessee Living.
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Lucy Smith is the newly installed President of the Greater Nashville Association of REALTORS GNAR.
Today was the day of the final General Membership 1/4ly luncheon and installation of the President and the officers for the Association. I, Mary-Sue Dietrich, Cindy Stanton Fey, and Brian Taylor were all installed as new members of the Board of Directors . . . Quite an honor, and we are all excited to be working together to tackle whatever comes in 2010.
The focal point of Lucy's speech was a series of pictures of the sun either at sunrise or sunset, and her well-placed message was that we each get to choose - to decide whether we believe the sun is setting . . . or rising.
Let's choose to see the sun as a rising sun in 2010 . . . That this coming year has the same potential that every other year has . . . to be the best year EVER both personally and professionally . . .
Believe it or not, we can "control" our destiny through our choice of perception.
Is your cup half empty?
or half FULL?
My daily email today from "The Universe":
"Should you choose to go, do, and be, . . . at the end of your life, shocked and dismayed, you'll likely exclaim that because of all the uncanny events, wild timing, weird coincidences, and sheer chance encounters, all of your life's good fortune must have been your destiny.
Or, should you choose to wait, wish, and hope, at the end of your life, shocked and dismayed, you'll likely exclaim that because of all the uncanny events, wild timing, weird coincidences, and sheer chance encounters, all of your life's bad luck must have been your destiny.
Do you see what the difference is?
It ain't me,
The Universe"
Hmmm . . . Do you think it's coincidence that I would read this email first thing this morning and then hear Lucy's speech this afternoon?
We live in a world and time in which our CHOICES are essential.
Lucy's right that it all begins with our perception and how that shapes our reality.
YOU get to decide!
BUT . . .
You cannot stop there . . . "the Universe" encourages us to "go, do, and be"
Hmmm . . .
So we've gotta choose wisely and optimistically . . .
Keep our expectations enough in check that we remain open to possibilities . . .
EXPECT only to be surprised.
TAKE ACTION!
and BE . . .
There now . . . destiny . . .
LISTEN!
I'm just sayin'
Best,
b
Barry Owen
Principal Real Estate Broker
Keller Williams Realty
30 Burton Hills Blvd Suite 175
Nashville, TN 37215 - Green Hills
Call me: 615-568-2123
Text me: http://www.mycricket.com/sendtextmessage/ 6155682123
email me: barryowen@kw.com
Visit The Owen Group http://www.theowengroup.net
http://www.owengroupnashvillehomes.com
Barry Owen's Internet Portal to all blogsites, websites, and social networks
http://tnrealestatetribalhub.wordpress.com/2009/06/02/barry-owens-web-portal/
Simply & BOLDLY Living the FourFold Way in Open Space!
Quintessentially connected to the real estate industry to offer the ultimate experience for Home Buyers and Sellers in Middle Tennessee . . . Inquire within!
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Nashville, TN - The Athens of the South
Nashville, Tennessee has had many nicknames. Because of all the rocks strewn over the landscape, it was known as "Rock City". Today, it is known as "Music City USA" because of its ties to Country Music and the Grand Ol Opry. But before Nashville was dubbed by its current nickname; it was known as and is still referred to by many as: the "Athens of the South".
Nashville earned the nickname, "The Athens of the South" by the mid 18th century. Nashville
established numerous higher education institutions which were unusual for the South. Furthermore, Nashville was one of the first Southern cities to establish a public school system. Under the influence of several prominent citizens, the concept offering a Classical Greek education was embraced by many.
The curriculum included courses in philosophy, Latin, logic, and rhetoric. Nashville’s progressive pursuit of establishing itself as a center for higher education, earned it the tile of the "Athens of the South". Prior to the Civil War, Nashville was known to be one of the most elegant, refined and educated Southern cities, filled with wealth,
charm, theaters, and all the culture of the antebellum era.
Wanting to live up to the "Athens of the South" nickname, the State decided that a centennial exposition be staged. This exposition was to coincide with its 100th anniversary of Statehood. The site for the exposition was held at the old West Side Park a former race track located on the outskirts of Nashville.
Because the Parthenon was to the pinnacle of exposition, it was the first and the most important building to be erected. The exact replica of the Parthenon of ancient Greece was started in 1895 to allow ample time to finish the construction. The "politically delayed" expo was held in 1897.
When the original wood, plaster and brick structure was to be torn down a few years after the expo, the community outcry was intense. Demolition was stopped and the building sat in a state of disrepair. In the early 1020’s, the City decided to rebuild the Parthenon on the site of the original structure. The project took 11 years to complete. The 7 ton bronze doors that adorn the east and west entrances are the largest of their kind in the world today.
Today, the Parthenon stands as the centerpiece of Centennial Park. Nashville's Parthenon is the only full size replica of its kind in existence. The piedmont reliefs on the east and west sides were cast from the original ruins that are now housed in the British Museum of Art.
In the early 1990's, a massive renovation project was started. Local Nashville artist, Allen LeQuire, was hired to sculpt the almost 42 foot tall gold leaf statue of Athena that adorns the central hall. She is the height of the original Athena and is the largest indoor statue in the western hemisphere.
Today, Athena stands high on a hill and looks over Nashville much like she did several thousand years ago when she resided in ancient Greece. Just like she did in days of old, Athena faces east guarding and protecting the city that bears her name and likeness; Nashville, TN ~ "The Athens of the South"
© 2009 michael thornton | complete home inspections, inc. | brentwood, tn | 615.661.0297 | www.completehomeinspectionsonline.com
Helping YOU Live YOUR American Dream...
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As we journey forth deeper into the month of December and closer to the holiday and New Year Season, I am finding more people admitting to a certain level of new-found lethargy.
Yep!
Seems the pulse is slowing down . . .
Eyelids are drooping a bit . . .
Intentional action (Lead Generation) is succumbing to less useful (but more fun) activities . . .
"Because everything is slowed down, I'm taking this opportunity to "catch up" on paperwork and get more organized"
BAH-HUMBUG!
Here's what happens when allow yourself to become distracted - Less alert . . .
Yep!
That's a Praying Mantis hanging from a bird feeder munching on his most recent catch . . . a HUMMINGBIRD who was not paying attention and enjoying the nectar. (Click on the picture to read the accompanying article)
I don't know what you're thinking, but I thought: "HOW COULD THIS BE POSSIBLE?" when I first saw this picture in last month's issue of National Geographic.
You're that hummingbird sipping that sweet nectar of slower activity and pleasant diversion and ignoring the innocuous looking green twig hanging off the feeder . . . Unaware that the green twig very well might sneak up and grab you by the neck and suck the life out of your business.
The green twig represents whatever thoughts are in your head (or other people breaking your flow) that are causing you to do ANYTHING other than your "NORMAL" rhythm of daily lead generation.
Here's what my coaching clients are hearing from me this week:
"I challenge you to get 3-6 listings before you call it quits for 2009!"
AND
"Secure 3 new Buyers and put at LEAST 1 property under contract!"
AND
Use your Lead Generation to FILL YOUR SCHEDULE for January so that when you return to work on the 2nd of January, you will have ZERO "Spool-up lag" . . . You'll be right back in the groove.
Schedule one appointment EVERY day for the month of January . . . That's 20 appointments . . .
Wouldn't that be a wonderful way to start 2010?
Couldn't you REALLY enjoy your holiday break knowing that you already have 20 appointments lined up for January?
Go ahead and let the other REALTORS in your market succumb to the lethargy and ignore that green twig.
No hangin' out at the hummingbird feeder allowed :-)
I'm counting on you to bring in those listings and setting those appointments . . . I figure you've got @ 11 good business days to get it all done.
Best,
b
PS . . . Very excited to announce that I won a position on the Board of Directors for the Greater Nashville Association of REALTORS
Barry Owen
Principal Real Estate Broker
Keller Williams Realty
30 Burton Hills Blvd Suite 175
Nashville, TN 37215 - Green Hills
Call me: 615-568-2123
Text me: http://www.mycricket.com/sendtextmessage/ 6155682123
email me: barryowen@kw.com
Visit The Owen Group http://www.theowengroup.net
http://www.owengroupnashvillehomes.com
Barry Owen's Internet Portal to all blogsites, websites, and social networks
http://tnrealestatetribalhub.wordpress.com/2009/06/02/barry-owens-web-portal/
Simply & BOLDLY Living the FourFold Way in Open Space!
Quintessentially connected to the real estate industry to offer the ultimate experience for Home Buyers and Sellers in Middle Tennessee . . . Inquire within!
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