Tennessee

Codes problems take a lot of time and energy for those affected. All neighborhoods seem to have at least one home which is neglected or abandoned by the owner, and which is an eyesore or dangerous.

Here is a way to have more information on what is going on with certain addresses in Nashville, Davidson County, TN. This is a new site which may still be under construction. But give it a try.

You can check the status of Metro Codes violations and specific addresses. You will see "e-RFS Public Site" in a menu on the right side of the screen...this will take you to the search engine which will allow you to search for information about specific addresses. A user guide has been added to provide assistance.

Thank you Codes Department of Nashville TN for this helpful site!

Sarah in Nashville

Brentwood tn Home sales for the month of October are as follows.

• The average price of Brentwood Homes sold in October was $672,134.
• The average size of Brentwood homes sold was 4258 square ft
• The average price per square ft of homes sold in Brentwood was $158
• The number of homes sold in Brentwood in October was 35

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

To search for Brentwood homes for sale, click on the button

October 2009 Coffee County TN real estate market update

Average sales price of a home in the Coffee County, TN real estate market for January 1 to October 31, 2009 is $116,850. The average days on the market are 120. The average size home sold in Coffee County, TN in 2009 is 1722 square feet. 396 residential properties have sold during this time period. There are currently 518 Coffee County, TN homes for sale. There has been a 26% reduction in the number of sales in Coffee County, TN this year versus 2008.

Average sales price of a home in the Manchester, TN real estate market for January 1 to October 31, 2009 is $121,310. The average days on the market are 127. The average size home sold in Manchester, TN in 2009 is 1738 square feet. 199 residential properties have sold during this time period. There are currently 233 Manchester, TN homes for sale. There has been a 25% reduction in the number of sales in Manchester, TN this year versus 2008.

Average sales price of a home in the Tullahoma, TN real estate market for January 1 to October 31, 2009 is $120,664. The average days on the market are 111. The average size home sold in Tullahoma, TN in 2009 is 1820 square feet. 144 residential properties have sold during this time period. There are currently 190 Tullahoma, TN homes for sale. There has been a 28% reduction in the number of sales in Tullahoma, TN this year versus 2008.

Thinking of buying real estate or selling real estate in Manchester, TN or the surrounding Middle Tennessee area? Give me a call for all of your Manchester, TN real estate needs. I am experienced in first time homebuyers, investment and foreclosure listings in the Manchester, TN and Tullahoma, TN area, land sales, mountain and lake property and more. Lora Pratt-Umbarger (931) 273-3784 Exit Realty Partners (931) 723-3300 Each office independently owned and operated

Our Phony Real Estate Market

The "real estate recovery" (or market bottom called), which has been trumpeted by the "drive by media" (translation - they are too lazy to do any real research) for almost a year now, is a fraud, a sham. All we are seeing is the result of artificial government market propping. I cover this in my blog posts: Real Estate Recovery or More Problems (Short Sales and Foreclosures)?, US Government Provides Funding For 95% Of Mortgages, New Subprime Lender: The US Government and Sad Loan Modification Story. If you do not want to read them the key points are below:

• 59% of all home sales in 2009 are to buyers with FHA, VA, USDA and other government guaranteed/insured/subsidized loans.
• The US government is now purchase about 95% of all mortgage loans via Fannie Mae, Freddie Mac and Ginnie Mae. "Lenders" are really nothing more than loan brokers.
• Government promoted "foreclosure resolution" and "loan modification" programs are nothing more than subprime schemes. Homeowners are given temporary rate and payment reductions, but the real problem (negative equity) is not addressed. The result will be more foreclosures and short sale in the future as these modified loans re-default (most do), or expire. The negative equity will remain and until it is addressed, no real solution will be offered to this financial and real estate mess.
• The $8,000 first time home buyer tax credit caused an additional 350,000+/- home sales to occur, but about 1,900,000 people will receive the credit according to NAR (these numbers will be much higher due to the recent extension). The result is that each one of those additional 350,000+/- home sales cost approximately $43,000 (1,900,000 x $8,000 / 350,000) in taxpayer money. Based on the typical 1st time buyer home purchase price of $200,000, the cost of each additional sale created was over 20% of the sale price. Clearly, this program is absurdly costly and has no merit. All the tax credit is doing is temporarily propping up housing prices so they stay high relative to historical norms. The home buyers who pay retail prices for homes due to the tax credit will end up the next generation of underwater homeowners, stuck in the homes (prisons) for many, many years due to the negative equity unless they want to short sell their homes.

The real question is what to do if you are a current owner of a home who may want to sell, or a buyer who may want to buy. Here is what you should do:

• Sellers - If you think you might want to sell soon do not wait. Sell now before the market gets worse. This winter and the spring of 2010 will be your window before the government market propping starts to fail.
• Buyers - If you cannot wait a few years to buy a home or other property when the market hits bottom I recommend that you buy only short sales, foreclosures, bank owned properties and other distressed properties in order to price in the coming market decline.

If you are a Middle TN homeowner, property owner, real estate investor, home builder or real estate developer who cannot pay your mortgage payments (due to losing your job, having your income reduced, illness, health problems, adverse business conditions, slow sales, loss of investment property tenants, vacancy issues, lack of funds to complete the project, feuding business partners, etc.), know that you will not be able to pay your mortgage, have defaulted on your mortgage, are already in foreclosure, or owe more than your home is worth, please contact me to discuss your options including a loan modification and a short sale (a real estate short sale occurs when the sale proceeds are not sufficient to pay off all the mortgages and liens on the property/home). I am a Middle Tennessee distressed real estate, short sale, pre-foreclosure (preforeclosure) and foreclosure REALTOR and Expert. I primarily help sellers (homeowners, property owners, real estate investors, home builders and real estate developers) of distressed real estate, short sales, pre-foreclosures, foreclosures, investment properties, failed new construction projects and struggling commercial real estate developments located in and around Middle Tennessee (Rutherford County TN, Williamson County TN, Davidson County TN, Murfreesboro TN, Smyrna TN, La Vergne TN, Eagleville TN, Lascassas TN, Rockvale TN, Christiana TN, Brentwood TN, Franklin TN, Nashville TN and Belle Meade TN). If you do need to short sell your home or property, or you need a quick sale due to being in foreclosure, you can request short sale and foreclosure help and assistance on my website at Get Short Sale and Foreclosure Help and Assistance from a Middle Tennessee Short Sale and Foreclosure REALTOR and Real Estate Expert.

If you are a home buyer or real estate investor in Middle Tennessee who is interested in purchasing a Fannie Mae foreclosure, a Freddie Mac foreclosure, bank foreclosure or REO, a short sale, or other distressed real estate in order to get a great home or investment property at an attractive price without dealing with the difficult REO/foreclosure listing agents and you want aggressive and professional buyer representation, please contact me, or visit my website Search the Middle Tennessee MLS - Find Middle TN Short Sales, Pre-foreclosures, Foreclosures & REO's so that you can find foreclosures, short sales and other distressed real estate and homes in Middle TN. I help home buyers in Rutherford County TN, Williamson County TN, Davidson County TN, Murfreesboro TN, Smyrna TN, La Vergne TN, Eagleville TN, Lascassas TN, Rockvale TN, Christiana TN, Brentwood TN, Franklin TN, Nashville TN and Belle Meade TN.

GET THE CREDIT YOU DESERVE

Mortgage applications are being reviewed far more thoroughly now than in the past, and your credit score should be 680 or higher to qualify for the best interest rates. So how do you determine your score, and know you're getting the credit you deserve?

Everyone is allowed one free credit report per year from the three reporting agencies (Experian, Equifax and TransUnion). Review the reports for accuracy and act quickly to correct any errors or omissions.

Approximately 35% of your credit score is based on the timeliness of your payments. Make sure that no late payments older than seven years are still on your report.

If you have paid off loans or credit cards, a zero balance should appear on those accounts. Sometimes, agencies don't properly update those balances after settlement.

15% of your credit score is based on the length of your credit history, so make sure that the opening dates of all your accounts are accurate. Also make sure that the limits on your credit cards are correct, and keep the balances under 50% of those limits. Total debt accounts for 30% of your credit score.

Finally, think twice about closing credit card accounts with zero balances, because this negatively reduces your ratio of "available credit" to your debt. First, get the facts. Then, make corrections. Finally, apply for home financing with confidence!

This article was written by Blake Rickels: a Realtor in Knoxville, TN