Antioch, TN

Description and Features
Affordable!!! Three bedrooms plus two full baths. Close to schools, shopping, restaurants, and interstate access. Call Rhonda today or your broker of choice.	Bedrooms: 3 Bathrooms: 2 Parking Spaces: 2 Square Feet: 1202 Year Built: 1997 Floors: 2 MLS #: 1128400
Location
Click to view map: 6728 Birchbrook Drive Antioch TN 37013
Links
HUD Homes Listing Website

Description and Features
Three bedrooms plus a bonus/loft. With some fresh paint and carpet, this will make someone a beautiful home. HUD is asking $122,500 but all prices are negotiable. Call Rhonda today or your broker of choice.	Bedrooms: 3 Bathrooms: 2 Parking Spaces: 2 Square Feet: 1416 Lot Size: 5198 Year Built: 1993 Floors: 2 MLS #: 1113136
Location
Links
HUD Homes Listing Website

Consumers are reading the papers and watching the media report about the increase in foreclosure rates. It creates an investor frenzy in hopes that real estate can purchased for pennies on the dollar. Well I researched the foreclosed sales in one area of the Nashville market in hope of finding the answer to the question "How low will the banks go to rid their books of foreclosed properties?" I decided to let the market give me the answer I was looking for.

I narrowed to a single MLS area to avoid having the location create a new variable. I looked back to the foreclosure sales over the past 6 months. I had to get a baseline for this time period for all closings to compare my results against. Here is what I found:

Baseline:

• There was 686 closings in the subject area in 6 months.
• The average list price vs sales price was 96.7% (the properties sold on average for 96.7% of the list price).

Results:

• There were 66 foreclosed properties sold in the same period. (10% were foreclosures)
• The average list price vs sales price was 95.9% (the property sold on average for 95.9% of the asking price)
• However, the average original list price vs sales price was much lower at 87.6%.
• The highest percentage knocked off the price was 50%.
• Some properties actually sold for more than list - indicating that the banks would not accept what the REALTOR was advertising the property for sale or mandatory repairs were required.

Analysis:

The bottom line is that there was a marginal increase in the negotiating room between all the homes sold and the foreclosed homes. Considering the negotiation is no longer emotional when the bank is involved versus a homeowner I am surprised the gap is not larger between the two groups. One reason for this could be that the bank owned properties are setting proper price points on their properties and further price negotiations are similar to those of individual owned properties.

So it is worth the increased hassle to buy a foreclosed home? That is a question only the investor of prospective home owner can answer. This analysis has not taken into account how discounted the foreclosed properties are in comparison to resident owned properties, but whether a deal could be had in light of the asking price. The number of days that foreclosures are on the market was about 25 days less on average so it does stand to reason that they are better overall deals, but consumers should not have the false pretense that they can go in and offer cents on the dollar of list price and buy properties, at least not in Nashville area.

If you would like analysis of a certain market, please contact the Grumbles Team of EXIT Realty of The South. Our team has the experience and expertise to assist you with your real estate transaction.

Rock Tops Granite, home store in Macomb, Michigan, and the fastest growing company in the state, has expanded with 10 new stores opening across the US in the last few years

Antioch, TN - Rock Tops Granite specializes in fabricating and installing granite and marble countertops. Founded in 2000, they were originally a supplier to large home improvement stores before shifting their market focus to homeowners in 2003. Rock Tops Granite's home store is located in Macomb, Michigan; they have been recognized as the fastest growing company in the state as they celebrate the grand opening of a new store in the Greater Nashville area, located in Antioch, Tennessee.

Rock Tops has opened 4 new stores in the last few weeks. When asked how they are able to grow so quickly in today's troubled economy, Rock Tops President, Charlie Thiede explained, "We are able to fabricate our granite and marble countertops more quickly than most companies, due to advanced technology and equipment, thus saving thousands on labor. We pass this savings onto our customers as we provide quality custom countertops at a lower cost."

Rock Tops uses CNC (computer numerically controlled) stone processing equipment to produce a perfect edge for their custom granite countertops. Each machine cost approximately $300,000, which is why Charlie Thiede believes most companies continue to use grinders and routers to shape the edges of their countertops; this takes many hours of labor compared to the CNC machines that can accomplish this task very quickly and accurately.

The rapid growth of Rock Tops Granite has created thousands of new jobs which we desperately need in today's economy. Besides being recognized as a fast growing company, Rock Tops is also known for being a great place to work. In a recent interview, Charlie Thiede said, "We encourage our employees to relay customer feedback to us as well as offer suggestions as to how we can improve. Listening to our employees, with an open mind, and acknowledging them for their ideas and input is great for their morale and motivation. We take pride in paying our employees well, offering a good benefit package, and treating them like the important people that they are."

Rock Tops Granite specializes in fabricating and installing granite and marble countertops. Rock Tops serves the Greater Nashville area of Davidson County, including Anitoch, Kimbio, Goodlettsville, Belle Meade, Madison and neighboring cities and communities. This fast growing company, offering hundreds of new jobs, is what our economy needs right now. Visit their website at http://www.rocktopsgranite.com to learn more or to contact them about possible employment.

Contact:

Mark Duncan, Sales Manager

631 Bakertown rd

Antioch, TN 37013

Phone: 615-333-3100

MarkDuncan@rocktopsgranite.com

This press release was submitted by Right Now Marketing Group, LLC

Mark and Tammy Edwards state that the Real Estate Market in the Nashville Tennessee area is bright and brisk. If you contiune to work your networks and stay in the communication loop, there is business to be had. You just have to work harder at it now. So if you know someone you would like to refer your business to in the Nashville Tn. area...

Call us...

Mark and Tammy Edwards  , Prudential Real Estate , http://www.Tn-homes.net , Cell Phone 615-405-9010

 

Oct. 3 2008

Wow, This  has been a great week!

 

I got a new listing in Antioch Tennessee.

  Its at 3200 COUNTRY HILL RD Antioch Tn 37013

Check out this great newly renovated home. New Carpet, New Kitchen Floors, New Paint! New Dishwasher. Refrigerator Stays.Washer and Dryer Stay. Cozy fireplace in Living Room.

 

If you know anyone who might be intrested please let me know.