Recently closed for my buyers....A Quaint English Country Cottage in Oak Hill. The new owners are very excited about their future plans for their new home.
contact me: briantsmith@realtracs.com or 615.975.0578
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Anthony Longo, recently as a guest contributor to an Inman piece called 6 percent is dead wrote the following...
"But looking at it in reverse, as a buyer, the buyer's agent makes LESS commission for negotiating the lowest possible price for you. This is not in line. It doesn't make much sense. Actually, it does not make sense at all.
It is completely backwards, in my opinion. If you want to pay a buyer's agent on a percentage-based commission, a reverse algorithm would be most warranted for them to work their tail off to get you the lowest possible price, right? The way it exists now is that a buyer's agent makes less money when they do a BETTER job at negotiating for you."
That could possibly be one of the most black and white statements I have ever read. We're talking about very little difference in commission amount. It also depends on what price range we are talking about here but even so it's all relative. If your the kind of agent that will worry about a couple hundred dollars in commission you don't deserve to have a license. Maybe it's a few thousand dollars on a multi-million dollar deal. If you stand to make $50K in commission and you're going to worry about 3 or 4 grand...you'll be found out for what you are.
He also neglected to mention that many buyer's agents have lowered their commissions in order to help an offer look more appealing or to get a deal done that would otherwise have fallen apart. I can't think of one time a listing agent I was working in conjunction with was willing to lower their commission to help their seller.
Fee based real estate services are going to cause problems. Problem #1 - Quality of service will decline.
If you have an opinion please post it. Don't be afraid to disagree with me...
Brian Thomas Smith - Nashville Realtor
Nashville has some great attractions and of course the moniker Music City sort of makes it easy for those outside of Nashville to know what the attractions are. What most don't know is that Nashville has some advantages that other cities do not, advantages for retirees specifically. Did you know that as a senior citizen, if your income level is under a certain amount you may be able to freeze the property tax due on your primary residence? It's true. In 2007 the income cut off was $35,390. Yes, interesting to say the least.
This does not mean as a senior citizen you do not pay property taxes at all. It means that you will not be subject to increases in your property tax due to reassessments.
In addition the state of Tennesee does not tax your earned income only dividends and interest. This has its advantages and disadvantages but I will save that for a future blog.
Interesting Article on TN Seniors Website
MSN - 10 Great Tax Havens for Retirees - Including Nashville
In a supplement to the Tennessean, Davidson A.M., we see more news about development in the 12th South District of Nashville. Metro Planning has approved a rezoning proposal for 15 new homes at the 2500 block of 9th Ave South. These homes will range from 1,300 to 1,500 sq ft in size and will be priced from $310,000 to $349,000. These new units are to share a common open green space. The developer, Kelvin Pennington, is planning to name the new community Cottage Grove. The homes will conform to a historic design and style says Pennington.
Many that attended the Metro Planning Commission Meeting have voiced there opinions about the new proposal. Most of the concerns were traffic and parking related. Some were concerned about the density of the project. On street parking is currently restricted on this street. Jonathan Honeycutt (Metro Public Works) mentioned shifting the street to allow for on street parking. On the other hand a few local residents stated they felt the project would increase neighborhood property values. Yes...a good thing.
Kelvin Pennington (developer) plans to begin construction this summer pending Metro Council's final approval. According to him Cottage Grove should take less than two years to complete.
If you live in the 12th South District please feel free to comment on this blog or you can even email me directly.
Other related blogs...
Recent Nashville Neighborhood Trends
12th South Belmont Area Recent Closings Nov. 1st thru Dec. 28th
I love the 12th South District. Lots of cool new shops, restaurants, and coffee houses have cropped up over the past few years. Not to mention the beautiful homes that have either been renovated or built new from the ground up.
Recently in the Davidson A.M. newspaper I read an article which talked about future plans for the corner of 12th and Paris. Apparently a mixed-use project will be underway which will house 25 residents, 3 small offices and 4 retail units. This new development will replace the current Southern Market and a used car lot. The new development will be called 12th & Paris...how clever. The new build out will contain flats and townhouses that will list between about $175,000 and $290,000. Not a bad price point considering the current average price in the area; but we will see how many square feet these new units turn out to be.
In the hood, most people know the hip coffee shop Frothy Monkey. I personally prefer Portland Brew but I'll leave the details as of why out of this. The owner of Frothy Monkey, Miranda Whitcomb-Pontes (don't know her personally) is considering a new venture which would include her taking part in the 12th & Paris development. Her new creation is Burger Up. This new establishment will of course feature what else but burgers. All kinds of burgers from veggie and vegan to turkey. The new place will also boast a full bar and include seating for at least 75 patrons.
The opening of Burger Up and probably other retailers in the proposed development, is slated for February 2010. Other planned businesses are an art gallery, photo gallery, counseling firms, architecture firm, and an accounting office.
Personally I'm looking forward to growth in the 12th South Neighborhood. I really dig the area and it's whole vibe. It certainly could use a little more and I believe the new 12th & Paris plans will bring to the community a much needed booster shot.
Other related blogs:
Recent-Nashville-Neighborhood-Trends
12th South Belmont Area Recent Closings Nov 1st thru Dec 28th
12th South Belmont Area Recent Closings for Sept 08
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A Realtor with integrity that does it right the first time. I am NOT a salesman. I provide a service. So if you don't want high pressure and someone just looking to make a sale, call me.
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