2016 market trends report

7/23/2019 2016 Market Trends Report

http://slidepdf.com/reader/full/2016-market-trends-report 1/11

R E A L

E S T A T E

THINGS TO

West Main Realty & Auction

Market Trends REAL ESTATE IN 201NASHVILLE TN • MIDDLE TENNESSEE AR

615.476.2953 615.444.7The Goodman Group



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http://www.possessthelands.com/web/AR297151/ListingSearch/load_saved_search/?ss_id=5026593






http://www.possessthelands.com/Web/AR297151/ListingSearch/load_saved_search/?ss_id=5026592&display_page=1&lpp=20&from=details








BUYING CLIMATE IN 2016

HOME PRICES TO CONTINUE RISING OVER THE NEXT YEAR, BUT AT A SLOWER PACE THAN IN THE

PAST. NATIONALLY, PRICES ROSE ROSE 8% IN 2012, 11% IN 2013, AND 5% IN 2014 BUT

ANALYSTS ARE PREDICTING SMALLER GAINS OF 2% – 4% THROUGH 2016.

DO NOT rely on third-party sites to give you real-time information and active statues. By the time they get the

property uploaded in their system and to you chances are it's already sold and your standing out in the cold. Pick

up the phone and call the listing agent or your preferred Realtor for direct access to the current status of a

property in Middle Tennessee. You also need to be fully approved by your lender and ready to write a contract

because bidding wars are heavily expected in the new year and have already been happening in select markets

across the country Nashville being one of them. Mainly focus on location resell value and structural integrity with

cosmetic issues being secondary.Try not to be too picky.Interest rates are expected to rise in small increments.So if

you plan to stay put for a while, and you feel pretty good about your employment and income situation, 2016

might be a great time to buy a home.We study your local real estate market to see what home prices are doing,

and what they are expected to do over the next year or so. This will help you time your purchase to avoid paying

more for a house. If you live in an area where house values are expected to rise steadily, you might be better off

moving sooner rather than later.Contact Joseph Goodman at 615-476-2953 to start planning strategies for your

2016 real estate purchase investment.

RENT PRICES ARE EXPECTED TO CONTINUE TO CLIMB INTHE NEW YEAR, WHICH MEANS IN MOST CITIES, BUYING

WILL BE CHEAPER THAN RENTING.

615.476.2953 615.444.


he Goodman Group



SELLING CLIMATE IN 2016HOMES ARE SELLING EVEN FASTER THAN IN THE PRE-RECESSION YEARS. MORE THAN A QUARTER

(28 PERCENT) OF TODAY’S SELLERS WERE ABLE TO SELL THEIR HOME IN LESS THAN TWO WEEKS.

BY COMPARISON, ONLY 19 PERCENT OF HOMES SOLD IN THAT TIME FRAME IN 2006-2007.

SELLING in 2016 with inventory being lowest in 10 years properties in the Middle Tennessee area are bringing a

premium when marketed correctly to the right audiences.If you have to sell in order to purchase we highly

recommend that your property be actively on market with steady showings occurring because simultaneous

closings will almost be a necessary plus you have to add the new TRID regulations into the process which is

expected to cause delays the first quarter of 2016.If you set a price from 5% to 10% above the market, you're

more apt to get an offer close to your home's real value than if you start much higher and force your listing to go

stale. However, if your home has better qualities than area comps, you have a bit more latitude.Date of deed is a

good option in case the seller needs extra time to vacate or lender delays.Some transactions can take up to 60

days depending on the property and the lender.Different properties require different financing.The biggest tax

break for ordinary taxpayers is still the exclusion on capital gains for the sale of a personal residence. Single

taxpayers can exclude up to $250,000 in gains from the sale of a home from tax, and joint filers get a double-

sized exclusion of $500,000.Contact Joseph Goodman at 615-476-2953 to start planning strategies to sell your

real estate investment in 2016.

LESS THAN HALF OF TODAY’S SELLERS TAKE THE FIRST

OFFER THEY RECEIVE, DOWN FROM NEARLY 60 PERCENT

DURING THE RECESSION AND IN THE EARLY YEARS OFTHE RECOVERY.

Recently Solds Video Link 615.476.2953 615.444.


he Goodman Group

https://youtu.be/xogINZUoNg4



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RUTHERFORD -MURFREESBORO AREAS 21-32

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ROBERTSON -WHITE HOUSE AREA 14

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https://www.youtube.com/watch?v=sUkBwHqt7vo


https://youtu.be/ualdODRIKpc

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S P R I N G O F 2 0 1 6Some of the most rarest and pristine water frontage Mount Juliet Tennessee hasto offer with 3 mile lake views situated in its own on private cove beside themain channel with 3.55 gated acres.Has 375 feet of Corps of Engineers frontage with a very gentle slope to the shoreline along with a double boat dock,ingroundpool,jetty,3 bedroom 2.5 bath home has 2286sf home and large commercialoutbuilding.Located on Saundersville Rd.

Offering at $1.4 million.Emai l us for additional informati on [email protected] Proof of funds required upon showing.

lake front

mailto:[email protected]



Partnering with us to market your home guarantees the utmost in quality service anexposure, regardless of price point.

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615.476.2953 615.444.


he Goodman Group

204 Bahia Mar Pt Hendersonvi ! e, TN-Sold

https://youtu.be/pv7WoX2UJ5s

2016 market trends report

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