Barbara Adams

Everyone seems to ask the same question. Wheres best area to buy a house? What Nashville areas are selling the best, and will have the best re-sale value?

• Evaluate your needs first. Job location, family, access to interstate, style of home
• Determine your resources, seek a good mortgage lender to find out your buying strengths
• Remember no matter, how good of a deal you find, it must suit your specific needs
• Do your homework! An educated Buyer is a must in today's world
• Check all Public information that is important to you, first, then check all Public information that may or may not be important to you, because it will be important to whom ever you sell your home too
• Include schools even if you do not have school age children, always factor into the equation
• Carefully consider new construction if a planned community has changed owners and has standing inventory
• Concern yourself with the last 6 months, and no more than 12 months back for consideration
• Average "days on market" is a good indicate in most areas, but not all
• Take into consideration, how long do you plan to own the home?
• Seek the advise and direction of a licensed broker/agent to help you verify all information, do not depend totally on public sites as they can differ dramatically and often not include default properties
• In today's market, be sure to include foreclosure, REO and short sale listings and sales as they will impact the value of your purchase and when you are ready to sell again

Once you have done all of the above, the picture will be crystal clear! All that is left is to find your new home! What a better place to call home than beautiful, Nashville, TN!

Barbara Adams, Broker

AmeriKey Realty, Inc.

barbara@amerikeyrealty.com

Every week, it is becoming increasingly apparent to me the misconception, misunderstanding and lack of knowledge concerning Short Sales. Therefore I am offering a very brief description and explanation of "What is a Short Sale".

Important National Statistics:

a. 1 out of 7 people you know, are facing possible foreclosure, or know someone facing foreclosure
b. every 12th house on your street is in foreclosure, it knows no boundaries

Important Facts:

1. a short sale is an agreement with the bank/lender to accept less (pay off) than what is owed on your mortgage balance, you must have a financial hardship
2. you do NOT have to be in default to initiate a short sale
3. most common reasons include loss of job, income reduction, relocation, illness, death, divorce
4. foreclosure can most often be avoided, and in some cases credit preserved
5. almost everyone in need does not know who or where to get help

Short VIDEO What is a "SHORT SALE"?
http://www.youtube.com/embed/49sS88Cbsc8?rel=0


If you or someone you know is facing foreclosure, it is important to understand that you may have options.

** Please forward this post to anyone that I may be of assistance to, the first step is the hardest. **
Thank you.

NASHVILLE HOME SALES INCREASING!! This is good news. The Greater Nashville Association of Realtors reports homes sales are up 22.7 percent from this time (October) last year.The $8000 tax credit is truly at work here and now that it has been extended into next year we are optimistic for a great first quarter 2010. Now that the tax credit has also been offered to repeat buyers and veterans many opportunities are before us. It is important to know the facts, there are excellent resources available.

One of the best with all details plus an FAQ is http://www.federalhousingtaxcredit.com/faq2.php

Also found on our website at: www.adamsgroupnashville.com

i think in today's market it sometimes can be especially easy to be tempted to give up when things "seem impossible" . With the economic challenges that we face in conjunction with the domino effect it has on buyers and sellers and their precious families, it would appear sometimes there is nothing left to try that hasn't already been done. Our clients and customers look to us for options and solutions, not just another try at something that didn't work the first time.

We are closing a loan tomorrow with an out of state buyer, buying a property that had been on the market almost one year. We had to run his loan no less than 4 or 5 ways to finally find a "formula" that could work. Even though he was well funded and well qualified, the "new mortgage guidelines" required every hurdle to be jumped. While it often "seemed" impossible, we still kept trying and trying. Former mortgage rules now effect everyone that plays by the rules, irregardless.

The seller waited patiently and even though the transaction was on again - off again for weeks, when the green light came on they got packed and ready in less than 7 days. All parties were motivated, all parties worked together, all parties never gave up!

All the best, Barbara(AdamsGroupNashville)

Have you ever just been really happy about where you are? Where you live and where you work?After so many days of rain and clouds, finally we had a gorgeous afternoon. As I was enjoying the beautiful afternoon fall air, turning leaves and the overall good vibe of the day, I read in the local paper,Nashville named "friendliest city in America", for the third time (Travel and Leisure Magazine)! This year, Nashville also ranked second in the nation for live music and concerts and fourth for an affordable getaway. Nashville was also ranked among the Top 10 for safety, affordable hotels, bed and breakfasts, singles/bar scene and great weekends. I would encourage everyone that "can" to be where they are happy, life's too short to wait. Nashville, TN, a great place to call home!