From the birthplace of Country Music, to the Tennessee Titans and Nashville Predators barely missing out of their first NHL Stanley Cup Title and being the only state in our great nation that touches 9 other states and we are so centrally located within the United States.. Nashville has been exploding with growth at rate of 100 people per day for a year or so now.. That’s over 36,000 new inhabitants per year and Nashville, Davidson county doesn’t have room for all of them!
What does all this mean for Shelbyville,TN?
It means get ready for more people and home prices to continue to rise. Our inventory is at an all time low and that means prices are going to go up. Our new construction is very limited right now so anything new is absorbed as soon as it’s built and ready to go. This growth is from all angles with commercial property having activity as well as , new business moving into our small town. Realtors are hoppin’ these days because there’s no time to waste and the market will not always be like it is right now.
Auctions are something that we offer our clients and we have since the beginning of Craig and Wheeler. Since 1973 one of the options we’ve given our clients was the auction method to sell their real estate and personal property too if they wanted. Auctions are such a regional thing, in some parts of the US they don’t even have auctions and over time it’s becoming more and more accepted as a fantastic way to sell property at a very fast pace, easy transaction and market or above market values. In the spring we typically start booking auctions every weekend and it’s does not typically slow down until late fall.
Auctions are normally 20% down the day of the sale and closing will occur within 30 days of the sale.. Inspections are allowed prior to the sale however we sell them all AS-IS. We do auctions for many different situations and not all properties are auction ready.. We help families settle estates, liquidations, foreclosures for banks, divorce situations and just when someone has tried selling with general brokerage and is ready to put it on the block. More times than not, we’ve seen properties bring more at a public absolute auction than it ever would selling on the MLS via general brokerage.. There’s urgency to buy at an auction, Auctions draw so much more attention, the property sells faster, and you negotiate up, not down and there’s very little holding costs and liability is less because once it’s sold it will close within 30 days or before.Appraisals are not an issue nor is financing because all of that will be done prior to the buyers even bidding.
Auctions are fun and exciting and we hope to see you soon at one of ours.. Sold Sold Sold….
Hello and thanks for checking out our blog… Right now is one of the best times in the past 20 years to purchase a home. There is the $8000 Tax Credit from the government, there is a lot of good inventory out there to choose from, Banks have foreclosed homes that are typically priced below market norms and interest rates are still very low..
For a renter, or first time homebuyer, now is the time to get off that “fence” and call your realtor of choice and start looking for your new home. There’s no excuse now, not to buy a home. It’s easy to do with the proper guidance and with a little effort you can educate yourself very quickly to the market and what things are “worth.”
Spring changes everything within the real estate world. The buyers that have been looking actually start to buy homes and go out and go see more homes, because the cold weather that kept them from looking is gone and now all the sellers homes look better too with all the landscaping blooming and trees budding out, it’s simply the #1 time to buy or sell a home..
This growth we are experiencing here in Middle Tennessee this spring is unheard of in this area and there’s not a slowdown forseen anytime soon. There are 81 people/ per day moving into Nashville/Davidson County area and whats happening is that growth is filtering due south about 51 miles into our area of Shelbyville/Bedford County. We are seeing activity that’s positive in so many other areas. Our county is seeing our homes average sales price @ $168,000 and Murfreesboro/Rutherford just north of us is $228,000. So for a short 2o minute drive look at what you save. Our inventory is so low and demand is extremely high so simple economics seem to kick in very fast.. Prices are being driven up.
The listings increase in number giving the buyers a better number of inventory homes to view. Everyone is spring cleaning and getting ready for the summer… School is out soon and buyers are out in numbers looking for that new home or one to downsize into.. It’s a great time and we are here to help, whether you are buying or selling, just let someone at Craig and Wheeler know…
The Bedford County and Middle Tennessee Market has enjoyed the motion and stirring of the $8000 tax credit that is about to expire in just 2 days… It’s given people that were sitting on that proverbial fence a reason to get serious and start making offers and buying property… The market has improved and is showing signs of recovery. Shelbyville is still seeing some commercial growth and the State Hwy. 437 By pass is under construction and should be a huge shot in the arm for the area… The foreclosures are out there and until they are absorbed into the general market , the house prices are still seeing some decline.. Our auctions are doing very well and property sold at auction is a direct appraisal of the market for that second in time… It’s worth what someone is willing to give, is a comment that my late grandfather, Auburn Wheeler used to always say and that still rings true.. Even more-so in a down market… Shelbyville is sitting in a great position for growth and new jobs on the horizon.. 2010 is going to be a much stronger year than 2009, and seems to be moving in the right direction… Stay in touch and please feel free to call any of our top-gun agents to assist you in your real estate needs