How Does Nashville Rate on Real Estate, Taxes, and Jobs?

Steve Jolly here.  I'll be with you every week throughout the housing season bringing you the latest on the best deals, money news, and my thoughts on the market. 

Let's Get to Business.

DEALS

INVESTOR ALERT: West Meade Auction online with a starting bid of $286,000.  Open House Saturday & Sunday 2-4pm. The auction runs from Saturday - Tuesday.  Reach out to me for more information.  https://www.nashvillerealestatenow.com/property-search/detail/38/2571539/5919-old-harding-pike-nashville-tn-37205/

NEW CONSTRUCTION PRICE DROPS: https://www.nashvillerealestatenow.com/property-search/results/?searchtype=2&searchid=1569662

> 10% PRICE DROPS:  https://www.nashvillerealestatenow.com/property-search/results/?searchtype=2&searchid=1561746

LUXURY HOMES:  https://www.nashvillerealestatenow.com/property-search/results/?searchtype=2&searchid=13146


 

MONEY

Existing Home Sales are Still Growing: https://www.bankrate.com/real-estate/existing-home-sales/

Nashville is a Leader in Real Estate, Taxes, & Jobs: https://www.gobankingrates.com/investing/real-estate/top-15-big-cities-for-real-estate-value-taxes-and-job-opportunities/


 

MY THOUGHTS

Rarely will Builders drop the price of their homes. First, they don’t want to make the folks mad who already purchased a home in the neighborhood. Plus, they want to continue to raise the price as they sell out the development.

One of the links in the deals section is New Home Price Drops. Every one of these New Construction Homes had a 5% (or greater) Price Drop. While 5% doesn’t sound like a lot, when you do the math…that’s like $20,000 on a $400,000 home.

In addition, many of the builders are offering incentives in the form of closing costs, upgrades, and special financing. It’s not uncommon to see builders offer another $10,000 - $20,000 in incentives. It’s a great time to get a good deal on New Construction.

If you or anyone you know is considering New Construction this year, let me know. I have the details on almost every new development in Middle Tennessee. 



What do you think will happen this year in Nashville Real Estate?  text 615.519.0983 and let me know.  

Nashville Real Estate Jobs Taxes

Post a Comment