Pam Rumley

Nashville Real Estate home sales increased by over 15% in July. With 2,021 closings this year compared to 1,745 last year....it's a welcome upswing for Nashville Real Estate.

The Nashville Association of Realtors tells us that pending sales are up, single family home prices are steady and condo prices are on the rise.

For single family properties...the inventory is approximately 8 months, which is a more balanced market than we have seen in awhile.

This beautiful home in Fairview was just purchased by a wonderful couple from Pennsylvania.

Personally, I have been busy this summer. Nashville Real Estate is such a nice place to work!

Reality Check - Homes for Sale - Nashville!

With home prices continuing to drop, I want to encourage homeowners to take off the rose colored glasses and see market for what it is. It's an awful situation when you need to sell your home - but we are all having to deal with a terrible real estate market.

So many people feel that their home is worth more than it is...and even worse, they want to price the home for "what they need" out of it. And all they get is frustration and heartache in the process.

And heaven help us when all these foreclosed (and ready to foreclose) homes hit the market! It's sure to drop the already too low home values even farther down.

If you find yourself in a situation where you must sell your home...please, please take a realistic look at the market. Homes are selling - but it's the homes that are priced right that are moving! Overpriced homes are just sitting there. Even if you find someone willing to pay an inflated price...the appraisal won't support it. Then you're right back where you started from!

I've had several situations lately where I've shown homes that interested a buyer...only to run the comps and find that it was overpriced. And when I ask the agents why...they tell me that it is the price the seller wants...or the seller is a friend and I didn't want to upset them. Wake up, Realtors! Tell them the facts of life! The minute you list their home for a certain price...they are expecting to receive that price. And when they don't, everyone loses!

Let's all put on our "professional" hats and tell sellers (and buyers) the facts. If we don't, another agent will...or an appraiser will! Or, the harshest of all...the market will tell them!

A realistic look at homes for sale in Nashville might mean the difference in whether someone loses their home. Many times when people are behind on their mortgages, they are too embarrased to tell their agent. So, it's up to us to ask the questions to find the truth. Don't let a home sit there overpriced if the sellers are in danger of losing it. Help the sellers face the facts!

Sapphire Wines of Franklin TN has recently purchased two California wineries that will add a Pinor Noir to their selections...and they are considering another winery in northern California.

The two wineries are Carneros Creek in Napa Valley and Wildhurst Winery. Carneros Creek is well known for its Grail Pinot Noir and Carneros Reserve Pinot Noir.

Franklin TN Real Estate is fortunate to have Sapphire Wines in their area.

Be sure to contact me with any questions.

Oh No - Hendersonville TN Real Estate is overbuilt for new homes! And Sumner County's foreclosures rates are up. It's a great time to buy, isn't it? I'm here to help you find the best bargain. Prices are down, which is resulting in multiple offers for the good properties ..so contact me for more information.

The residents of Hendersonville TN Real Estate will soon have a great community asset in Davidson Academy. Construction will start sometime this Spring...on Stop 30 Road. The school will enroll grades K-12...and will operate from two campuses until construction is complete.

Welcome! I know a lot of people have been anticipating this move for a long time.

Hendersonville TN Real Estate is already a great place to live - but this school will enrich the community.

Please contact me with any questions.