Wednesday, 20 March 2013
Brentwood, TN Real Estate|The importance of curb appeal

This week we will continue to look at how curb appeal affects how buyers see your home. There is a whole range of ideas that can be tailored to fit just about any budget. Getting a head start on spring lawn care can make a drastic difference, for example. The home improvement stores are beginning to set out flowers and soon the outdoor sections of the local nursery will be overflowing with color. Apply some of that color in some freshly-mulched beds in your yard, roll up your DIY sleeves and watch how these changes can impact the feedback on your home, and bring in an offer!

For free, you can:
• Clean up overgrown flower beds, remove weeds
• Rake leaves and remove overgrown brush
• Wash windows and glass doors
• Properly store outdoor garbage & recycling cans
• Clean up toys, store bicycles, put away hoses
• Clean up any outdoor grill areas

For $100 you can:
• Invest in pots / planters on front porch with seasonal plants for a welcoming entrance
• Upgrade door hardware to a current finish
• Power wash siding, and wood surfaces to remove dirt and mold
• Repair or replace loose shutters

For $500 you can:
• Proper landscaping can provide a huge wow factor, add in size-appropriate trees
• Hire tree trimmers to correctly trim back overgrown bushes, & trees that block your home from street view
• Install fencing for privacy and block unsightly views of neighbor’s property
• Have a brick mailbox built
• Invest in having an old cracked walkway repaved with stone or pavers

Posted on 03/20/2013 10:26 AM by Jarod Tanksley
Monday, 4 March 2013
Brentwood, TN Real Estate You can't get qualified if you don't apply:

You can’t qualify if you don’t apply:

As the saying goes, knowledge is power.  In the Brentwood Tennessee real-estate market like many other markets today, knowing if you qualify is half the battle. Because of the market bust in 2008, so many couples out there are gun shy about even speaking with a mortgage lender because of all the negative media surrounding the lending process, and denial rates.  It’s hard to imagine that you’re a good candidate when you are bombarded with daily news reports of how the market is still struggling, and how restrictive the new guidelines are for qualifications. The news makes it seem as though you need a million dollars in savings, and a credit score of 900! Yes, the new guidelines are tighter, but for those who are ready; it’s the perfect time and rates will not stay this low forever. Not only does lower interest rate allow you to potentially afford more, but it also allows for the option to pay the debt off sooner. The scenario below shows an example of a 15 year fixed rate mortgage. An investment in a home, paid off in 15 years was hardly possible with interest rates 10 years ago. Nathan Watson from Regions Bank Franklin, TN spoke about this scenario.

“Look at what a difference a 3.125% fixed rate makes – $300,000 today cost what $200,000 cost 6 years ago. A 15 year term today cost what clients paid for a 30 year as recently as 2007. “

$100,000 15 year is $697 (plus escrow)

$250,000 15 year is $1,742 (plus escrow)

$400,000 15 year fixed is $2,787 (plus escrow)

There is good news out there though… in a sea of negativity the bright spot is low interest rates.  If you have been living in the Brentwood, TN area, perhaps renting an apartment or a home and waiting for the market to improve, let me help guide you through this process. I have several lenders I work with that can steer you through the investigative process.  Knowing what you qualify for, and can afford makes the house search process much easier as a buyer.  Walking into a prospective property knowing the estimated mortgage payment makes for a confident buyer.  Also remember, just because you investigate the qualification process doesn’t mean you are required to purchase a home. It can provide perspective into whether or not you should save more or pay down more debt etc in order to qualify for the home you want. Also, knowing what’s lurking in your credit report that lenders are leery of can help ward off future denials.

Posted on 03/04/2013 10:27 AM by Jarod Tanksley