New Listing Caravan

This week’s New listing caravan we started off in the Green Acres subdivision.

131 Long Rifle Rd.  $114,000

This home is a 3 bedroom 1 bath with 1110 square feet of room.  New double-hung winyl insulated windows, fresh paint, new carpet, large lqundry, storage building, and nice sized lot make this a great home.  This home would also make a great reatal home.  Low taxes and a great price with a home in this condition it won’t last long.

From there we moved to Key estates subdivision

6601 Scenic Dr.   $120,900

A large corner lot is where this 3 bedroom 1 1/2 bath 1187 square foot all brick home sits.  Fenced in back yard has a large covered patio and a storage shed with electricity.  The home has tile in the bathrooms and all bedrooms have extra large closets. 

From there we moved to the Enon Springs subdivision.

412 Lawson Rd.  $119,900

This home is a 3 bedroom 2 bath with 1196 square feet of space.  The floorplan is very open.  This home sits almost at the end of a cul-de-sac.  Very nice rocking chair front porch.

New Listing Caravan

6017 Inglenook Dr.  $279,900

This home was the first stop on this week’s caravan.  It brought us into The Vineyards subdivision located in Smyrna TN.  This all brick home has 3 bedrooms, 2 1/2 baths, and 2761 sqft.  This home is in excellent condition.  It has vaulted ceilings, beautiful windows in the den that overlook a scenic creek,  and spacious kitchen with walk-in pantry.  The community pool is very nice to have this time of year.  At this price I would not be suprised to see this home SOLD soon.  And we are off to the other side of Smyrna.

506 E. Kings Rd.  $145,000.

This home is sitting on 1/4 acre of land with lats of mature trees.  A 3 bedroom, 2 bath, with 1355 sqft.  Fresh paint, NEW hard wood floors, big fenced back yard, oversized 2 car garage, and Seller is willing to pay $2500 of Buyers’ closing costs.  Great home that has been well maintained.  Off to Cane Ridge, TN. 

4916 Alexis Dr.  $189,000

In Oak Highlands subdivision this 3 bedroom, 2 bath, and 1964 sqft. is waiting for you to call it HOME.  Private deck with hot tub, Unfinished area in partial basement ideal for studio/office.  The community boasts a large playground and tennis courts.  Yet another great home with a good price.  All these great home priced to sell and intrest rates are still the lowest they have been in years sounds like it is a excellent time to buy.

See you next week!!

New Closing Fee for Borrowers.

Conventional lenders are changing the way they do business and have employed 3 new closing fees.

1.      Adverse Market Delivery Charge.    

Its objective is to give lenders/investors incentive due to concern in the lending market.  The cost per mortgage originated is .25% of the loan amount.  On the plus side the borrower can either pay it at close or add it to the loan.  On a $300,000 purchase and a 90% loan to value ratio loan, the cost would be $675.

2.      Loan-Level Price Adjustments (LLAP).

The LLPA fee is designed to reduce the lender/investor risk levels.  This is based on the borrower’s credit score, loan-to-value on the mortgage, multiple-unit properties, and any secondary payment of interest-only.  The borrower will pay the adjusted fee based on the risk type and amount of risk to the lender/investor.

3.      Higher Down Payments Apply in Declining Markets

If you buy a home in an “Declining Market”, an area where the economy has a negative economic growth factor, you will be required to make a extra 5% down payment at closing.  This will be applied to loans with a loan-to-value ratio of greater than 80%.

One of the first things, besides finding the right Realtor©, is to find a lender who has the knowledge and experience to explain every aspect of the loans.  That way there are no surprises at the closing table.

 

Famous Quote of the Month.

God’s gifts put man’s best dreams to shame.
Elizabeth Barrett Browning

Realtor Caravan

This week’s caravan started off at 2105 Woodcliff Dr. in Stonewood.  $349,900.

This is a great home priced well in Stonewood.  The 4 car garage is a great bonus.  Very nice sitting area and screened in porch.

The next home is 1341 Stewart Creek Rd. in Stewart Creek Farms.  $299,900.

This is another great home good floor plan, lots of landscaping, and plenty of room for entertaining.

Home #3 took us to Arbor Point 2102 Academy Way.  $179,900.

This home has extra wide hallways, all bedrooms on the main level, bonus room upstairs, and plenty of storage under the deck.

Home #4 took us to La Vergne 175 Mason Circle.  $199,900.

A strong Spanish feel to this home. It sits on a corner lot.  Needs some updating in the kitchen and fresh paint but a good home all around.

The last home of caravan took us to Lake Forest.  818 Carmen Way.  $174,900.

This home has all hardwood except for the master bedroom.  Replace the carpet in the master and this home is like new.

That’s the caravan for this week and remember if you need information or want to see any of these homes feel free to contact me anytime.

Waiting for the market to hit bottom.

Through my day to day adventures I talk to a lot of people about Real Estate.  I am confused by people that say they want to wait or the market to hit bottom.  The reason for this confusion is that I spend many hours per week studying the Real Estate market and I can’t even tell when that will happen.  I can tell when it is starting to happen and when it is over.  With that said here is my advice we are in the best time in 25+ years for people to buy a home.  

Interest rates are at historic lows and inventory of homes is up.  These two things historically do not happen at the same time.  We need to also take in to consideration that real estate is a long term investment for most.  Over the past 10 years the value of a 2,000 sq. ft.  home in Davidson and surrounding counties have gone up abut 41%.  (The figures are taken from the MTRMLS for closed properties with an average of 2000 sq. ft. and built in 1990).

To wrap up there is always a deal out there buyer’s market or seller’s market.  The trick is that you have to study the market.  Get connected with a Realtor®, I will be happy to help in the Middle Tennessee Market, let them set up searches that email you almost daily with the listings that interest you.  If you see one with a price you like talk to your Realtor® check the other listings and sold properties in the area and make an offer.  

 

I’m back

After the Auction and a week at the Kentucky Derby I took a little break.  At the auction we raised over $7,000 for the American Cancer Society bringing the total to over $9,000.  Thanks to all who showed up to the auction and all who helped in the background. 

Now I’m back to Real Estate.  Things are looking up. 

Quote of the week

“All that we are is the result of what we have thought”  Buddha

Relay for Life Auction: April 24, 5:30 p.m.

UPDATE:  More items added 4/22/2008

Bob Parks Realty is hosting a live auction on Thursday, April 24th starting at 5:30 p.m.  Benefiting The American Cancer Society.  The location will be Coconut Bay Cafe-Murfreesboro.(210 Stones River Mall Blvd. Murfreesboro, TN 37129).

If you are unable to attend and would like to bid on some of the items please let us know and we will make contact with you when the items are up for bid.

The following items will be available:

1.  Albert Haynesworth autographed photo with collectible trading card and piece of jersey.

2.  Arnold Palmer framed autographed photo.

3.  John Wooden autographed success pyramid.

4.  Tennessee Titans football player Albert Haynesworth autographed photo with piece of jersey.

 

5.  Tennessee Titans Brandon Jones framed autographed photo, collectible trading card, and coin.

6.  Tennessee Titans Head Coach Jeff Fisher autographed, framed photo.

7.  Relay for Life Chairman Mike Bannister with auction item, framed autographed of Rob Bironas at game winning 60-yard field goal that helped the Titans defeat the Colts on December 3, 2006.  Also pictured is Craig Hentrick and a Colts player.  The frame also incldues a collectible coin and a piece of Bironas’s jersey.

8.  Nashville Predators framed official Upper Deck trading cards:  Steve Sullivan, David Legwand, Jason Arnott. 

9.  Ken “The Snake” Stabler piece of #1 jersey, autographed, photo, and description of player.

10.  Ex-Titan Chris Brown autographed GAME USED glove, photo, and Titans emblem.

 

11. Hall of Famers Troy Aikman & Emmitt Smith autographed action photo, NFL patch, & description of players.

12. Super Bowl MVP Eli Manning 16 x 20 photo, NY patch, trading card w/piece of jersey, & description of player.

13. Autographed photo & player discription of George Blanda.

 

14. Ladanian Tomlinson 16 x 20 photo, 2 trading cards 1 w/piece of jersey, & player discription.

15. Lendale White 16 x 20 photo, trading card w/piece of jersey, & Titans patch.

16. Richard Petty autographed photo.

17. Roger Staubach autographed photo.

18. Steve McNair autographed photo, patch, & 2 trading cards 1 w/peice of jersey.

19. Vince Young 16 x 20 photo, Titans patch, & trading card w/piece of jersey.

20. Nashville Predators Steve Sullivan autographed photo, trading card, player puck, & description of player.

21. Coby DVD Player

22. Nashville Predators Jason Arnott autographed GAME USED stick.

23. Bushnell Powerview

24. Grill to Go we have 2 of these.

25. Survival radio light.

26. Michael Griffin autographed photo.

27. Terry Bradshaw autographed photo.

28. John Wooden words of wisdom.

29. Nashville Predators Jason Arnott autographed photo, trading card, player puck, and description of player.

30. Nashville Predators Alexander Radulov autographed photo, trading card, and player puck.

31. Martin Erat autographed photo, player puck, and 10 year anniversary patch.

32. Chris Mason autographed photo, trading card, and player puck.

33. Billy Ray Cyrus autographed photo.

34. Spa Basket:  $40.00 Gift Certificate to Image styling salon, Goldwell shampoo & conditioner, & Luxe spa sponge collection.

35. Spa package:  60 minute massage, $35.00 gift certificate to The Cutting Edge Salon, American Crew hair cleanser & conditioner, Big sexy hair, & Healthy sexy hair products.

36. U.S. Bank $100 dollar savings bond.

37. Auto window tinting gift certificate.

38. 2 gift cards for the Lazy Pig in La Vergne.

 

39. 2007 - 2008 Nashville Predators autographed jersey (framed). (Donated by Rocky Mountain Sport Service) They run the Pro Shop at the Somett Center.

40. Nashville Predators 07 - 08 team autographed hockey stick. (Donated by the Nashville Predators)

41. Gift basket from O’Charlie’s soft sided cooler with tee shirts, sports bottles, beads, pens, mints, and a gift card. (Donated by O’Charlie’s)

42. Gibson SG in translucent black.  Hardshell case w/extra accessories.

43.  Nashville Predators official puck autographed by goaltender Chris Mason.

 

44.  Jordin Tootoo Official Player Puck autographed in display case.

45.  Darcy Hordichuk Officical Player Puck autographed in display case.

46.  Scott Nichol Official Player Puck autographed in display case.

47.  Predators Official puck autographed by Marek Zidlicky in display case.

48.  The Man Bucket Reciprocatting saw, oil change, car wash, roll of shop towels, & Stanley screwdriver set.

49.  Outback Steakhouse dinner for 2 w/appetizer.  We have 3 of these.

50.  Romantic Gift Basket.  Wine, candles, massage oils, romantic cd, dip, and wine glasses.

51.  Pepsi truck bank. 

52.  Mattel Coke cars.

More items to come in the near future.  Photos and descriptions will be uploaded as items come in.

New Listing Caravan

This week’s caravan started in Smyrna in the McGwynn Springs:

$134,900 203 Vernon Traylor Dr. MLS# 940316

This is a very nice home 3 bedrooms 2 baths with 1180 Sqft.  New carpet and fresh paint are a small part of the appeal of this home.  A 500 sqft. enclosed deck with hot tub makes a nice area to relax and enjoy.  This home is move in ready just waiting for it’s next owners.  Seller will pay $3,000 towards closing costs.

From there we moved on to La Vergne and the Heritage Valley Subdivision:

$165,000  123 Gale Ln. MLS# 953441

This newly remodeled home is 3 bedroom and 2 1/2 baths with 1874 sqft.  Large fenced back yard with mature trees will supply lots of shade for the backyard cookouts.  The master bedroom is downstairs.  The upstairs boasts a 20 x 15 Bonus room, 2 bedrooms, 1 full bath, and a large loft area.  Sellers are providing a home warranty and with a full price offer the new stainless fridge and washer & dryer.

For the last two we moved over to the Lake Forest Subdivision:

$128,000  279 Bill Stewart Blvd.  MLS# 952654

Attractive and very clean.  This 3 bedroom and 2 bath 1225 sqft. is great.  Designer paint colors, zoned bedrooms, bathrooms have elevated vanities, and a creek winding through the treeline in the back yard.  Seller is providing a 1 year home warranty and kitchen appliances stay.

This home is one of many highlighted in the Lake Forrest parade of Homes.  For more information click the link below.

http://thisislavergne.wordpress.com/parade-of-homes/

 Last but not least:

$188,000  711 Little John Cove  MLS# 953403

Southern charm is an understatement for this home.  3 bedroom, 2 1/2 bathrooms and 2065 sqft. on a cul-da-sac.  A columned covered front porch with 2 ceiling fans, a row of french doors, and 9 ft. ceiling.  Formal Dinning room and Living room with French doors leading to a den with fireplace.  Large kitchen with double oven.  12 x 12 sunroom leads to a large backyard with pool.  Seller is leaving all window treatments and kitchen appliances.

This home is also one of the many in the Lake Forest Parade of homes.  For more information click the link below.

http://thisislavergne.wordpress.com/parade-of-homes/

Information believed to be accurate but not guaranteed. Buyers should independently verify all information prior to submitting any offer to purchase.

Quote of the week

Whatever the mind of man can conceive, it can Achieve.

W. Clement Stone 1902-2002