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Sarah & John Rummage

Surplus of High-End Homes May Mean Good Deals For Buyers

Market For Million+ Dollar Homes Thinning Out

Now may be a good time to buy a high-end, upscale, executive home in the Nashville, Middle Tennessee area.

As of September 11, 2009, there are 489 active listings in Nashville, Davidson County and Franklin, Williamson County, TN, for homes over $1,000,000. In the last month, there have been 11 sales. This means that there is a 44 month supply of homes in the 'over million dollar' price range. If you are a serious buyer of an upscale property, now is an excellent time to get a good buy.

Unfortunately, there are people trying to take advantage of sellers and Realtors, and a warning has come to us:

Don't Let Your Guard Down!...

In the current challenging economic times, people acting as buyers are trying to scam Realtors. We will carefully verify the legitimacy of buyers. Buyers may claim to have cash settlements to be wired, transferred, etc. at some specific future date. Generally, they have a good story and claim to be looking for upscale housing. Realtors and sellers need to be on guard for folks not having the ability to currently verify funds balances or provide pre-approval letters.

Most sellers of high-end homes have always wanted pre-qualification of buyers before showing their homes. And it is even more important in these times. If you are serious about looking for a home, any home, you need a pre-approval letter for a mortgage, or a verifiable proof of funds letter if you are paying cash. Don't be insulted by the requirement. All of us want to be protected and have a smooth transaction.

Sarah Rummage in Nashville
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Historic Nashville Inc Names Most Engandered Properties

HISTORIC NASHVILLE, INC,
ADDS 9 PROPERTIES
TO LIST OF MOST ENDANGERED HISTORIC PROPERTIES


The list is complied by Historic Nashville, Inc., a local nonprofit that works to promote public awareness of endangered historic sites and encourage preservation.

Historic Nashville, Inc. a non-profit, has advocated for the preservation of historic buildings in Nashville TN, including downtown landmarks such as the Ryman Auditorium, Union Station, Printers Alley and Lower Broadway historic districts.

Three of the nine properties include:

Jackson House, 3500 Brick Church Pike in the Bordeaux area. This Victorian farm home was built around 1885, but the rear ell contains an earlier building, probably dating to the antebellum period. The home's location near I-24 makes it a prime attraction to developers who want to subdivide the estate.

Historic Nashville Inc would like to save Jackson House, 3500 Brick Church Pike, Nashville TN



Charlotte Avenue Church of Christ, 4508 Charlotte Ave., was constructed in 1921, and is an example of 1920s Gothic Revival church architecture in Nashville. Due to changing demographics of the neighborhood, the congregation has vacated the building and is looking for a new use for their old church property.

Charlotte Avenue Church of Christ building is historic and Historic Nashville Inc is working to save the building.

"Silverdene," 931 Main Street in East Nashville. The home is a replica of Andrew Jackson's Hermitage mansion. The home has been used as a roadside "tourist inn" for automobile travelers along Gallatin Pike. The home was vacated a few years ago and recently seriously damaged by a fire. The property is currently on the market and threatened with demolition.

Sarah Rummage
American Realty Resources LLC
Nashville TN 37205
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Fun Run This Saturday Will Go Past Hobbs House Condos, Nashville TN

To: Hello Hobbs Condo Neighbors!
2116 Hobbs Rd
Nashville TN 37215

This is to give you a "heads-up" that the YMCA will host a Christie Cookie Fun Run, this SATURDAY, September 12, 2009, from 7 a.m. - 9 a.m.

The run will block off Hobbs Road, and will require the front entrance of Hobbs House to be blocked off.
In the past, we haven't really had any issues.

If someone wants out or in, they usually wait until there's a sparse period with no runners,
then you can exit across to Stammer Place and leave.

Usually a policeman is nearby to direct traffic.

If you want to join the fun, here is a printable flyer.


Sarah Rummage in Nashville TN
www.HouseInNashville.com
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Meetings & Workshops - Sweating The Small Stuff


I am on the board of a non-profit, and recently, I helped put on a meeting with an out of state speaker. If you haven't put on a meeting in a while, as I had not, you might want to read my reminders to myself for the next time I do one. BTW, we did not have pre-enrollment, and the meeting was open to the public. We had no idea how many people might show up. All on the board had brainstormed and sent emails, fliers and personal invitations to everyone we could think of who might have an interest.

•1. Prepare an info sheet for the press. They just might show up!

You want the name of the sponsoring organization or business, a little history of the organization, information on the speaker, information on the relationship between the organization and the speaker, and contact information for all (including email and websites).

We were shocked that a TV station reporter showed up at our meeting. He wanted to interview the speaker, but he had forgotten a type of tape he needed, so he skipped that and just filmed a lot of the program. An info sheet would have helped the reporter tremendously! The church, which had graciously allowed us to use a room for the meeting, got credit for the meeting, not our organization. Actually, your host where the meeting is held may NOT want credit for the meeting, especially if it is a controversial subject! Take credit and responsibility for the workshop!
We found that newspapers and TV stations don't always acknowledge receipt of your information and the fact that they will publish the announcement or attend the event. Be prepared for surprises!

•2. Put an info sheet in each chair for the attendees to take home. This can have similar information given to the press. On this sheet, also put the agenda of the meeting. Put yourself in their place. What would you want to know about the 'players' and their motivation for holding this meeting?

•3. Pass around a clipboard during the meeting for those to sign up who want to be put on the mailing list. We made the mistake of putting the clipboard at the back of the room with the brochures and other take home items, and only 3 people out of 65 attendees signed in. We missed a great opportunity to follow-up.

•4. Write a script for the person (if this person is not you) who is opening the meeting and introducing the speaker. This is especially important if your CEO/Manager likes to fly by the seat of his/her pants and has a tendency to forget important details. If your CEO doesn't want to follow the script, then YOU open the meeting. Take charge! You have spent too much time, and probably money, organizing the meeting to not get the information to the attendees. They are your captive audience. Tell them what you want them to know!

•5. It is a good idea to ask for a show of hands as to where they heard about the meeting. This will help you know where to advertise the next time you have a public meeting.

•6. Be assertive, yes, even witchy, in keeping to the plan. For instance, don't let one of your workers move the clipboard to the back of the room if you feel strongly that it should be started around at the front of the room by the introducer.

Do you have other reminders to share to make a meeting more meaningful and profitable? Please share!

Sarah Rummage
American Realty Resources LLC
Nashville TN


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Regions Bank Will Work With Loans Left In The Lurch by Taylor Bean & Whitaker

I received the following email today from a lender at Regions Bank. Regions covers a lot of markets in the Southeast, so if you have an orphan loan, give Martin a call. He has done well on several loans we have closed together and I recommend him.

Sarah Rummage in Nashville TN

Effective today, Taylor, Bean, & Whitaker, a large source of mortgage financing for many mortgage brokers throughout the nation, has announced that they "will not be able to complete or fund any mortgage loans in its pipeline of unfinished mortgages." Taylor, Bean, and Whitaker was a large mortgage wholesale operation in Orlando which got much of its financing from Colonial Bank of Montgomery, AL that has recently been taken over by the FDIC.

TBW has been a huge source of mortgage financing for a large amount of mortgage brokers including many mortgage brokers here in Nashville. If you have any current clients affected by the closure, please let me know, and I'll be happy to get them financed with us. While, new regulations do not allow the transfer of a file, Regions management is giving priority in processing to loans that were schedule to close through Taylor, Bean, & Whitaker. If you had an FHA loan in process there, we can transfer the FHA appraisal over to us so that your client does not have to pay for a second appraisal.

Martin T. Harris, Regions Bank, 1604 21st Avenue, Nashville, TN 37212
(615) 748-2440 office, (615) 748-2441 fax
http://www.regionsmortgage.com/martinharris
email; martin.harris@regions.com