All Blog Entries by Louis Belote 
There are currently 12 blog entries published by Louis Belote.
ATTENTION Home Sellers...
Tuesday, July 12th, 2011 at 4:07pm. 318 Views, 0 Comments.
Many potential Home Sellers are reluctant to put their homes on the market right now. I know that for a fact as a result of a recent experience with one of my clients who is a CASH BUYER. I met with these new clients a couple of weeks ago. They had a pretty good idea of what kind of house they wanted and some specific neighborhoods that particularly appealed to them because of their location to schools. We looked on the MLS and what did we see?? NOT MUCH AVAILABLE! As an example, there were actually 2 houses listed in the MLS in one of the neighborhoods that we targeted. One of those listed was just not going to work, and the other, while a very nice house, is listed for sale for almost $2M. The current owner bought the house for almost $1.7M in early…
PENDING...After 3 Years On Market!
Tuesday, April 26th, 2011 at 10:56am. 423 Views, 0 Comments.
That is right! Many Home Sellers have decided that it is TIME TO SELL! I saw a house that has been on and off the market for 3 YEARS that just went to PENDING status in the local MLS. After originally pricing the home at $659,900 in March of 2008, the home was re-listed in the MLS for the 7th time for $549,900 and is PENDING after only 15 days on the market. It is amazing what can happen when a house is FINALLY priced to sell!!
The other side of this point is that many Home Sellers that have attempted to sell their homes and been unsuccessful over the last year or two (or more) are finally deciding that they are truly ready to sell. They are finally pricing their homes accordingly for the market. The “trickle down” effect of these Sellers is…
Don't Sit Back & Miss This Market Opportunity
Monday, April 25th, 2011 at 6:02pm. 222 Views, 0 Comments.
How Strong is the real estate market in the Nashville and Williamson County area?? Despite the continuing national media reports that have continued the “doom and gloom” of the real estate business, the LOCAL market, while not at the level of the height of the boom, has recovered well as the Spring season gets into full throttle. The number of showings on my New Listings in the last couple of weeks has been excellent and one even had a contract on it within 24 hours of being entered into the MLS! While the real movement in the market remains at the lower price points below an Asking Price of…
2011-The Market Is Changing
Sunday, January 2nd, 2011 at 11:52am. 232 Views, 0 Comments.
Well...2010 is history! With interest rates at incredible lows in November and December, many potential real estate buyers will soon be saying "I should have bought when the rates were low"! That's right!! It will be a long, long time before we see rates in the 3% range again according to the "experts". As we go into 2011, I can truly see significant opportunity in the short term. Don't get me wrong, I have laughed at a lot of these Realtors and writers who, over the last 2-3 years, were always able to find a "bright" spot in the real estate market. There are still some real chances to get some incredible "deals", but I truly believe that the market is finally about to move upward. I say that because I follow the statistics of Unit/Property…
Want to Make Money in Today's Real Estate Market?
Wednesday, May 19th, 2010 at 11:38am. 466 Views, 0 Comments.
Want to actually make money in the real estate market?? I am currently expanding my base of potential, qualified investors. As a result of this real estate market we have experienced over the last 2+ years, there are some excellent opportunities to purchase homes at wholesale prices and resell them at "market value". I am not talking about short sales. There are a lot of home owners who are in real need to sell, or just want to get out from under their mortgage commitment. Another group of home owners have attempted to sell their homes in this market, and it has not sold for one reason or another. Many of these home owners are starting to be worn down by the process and just want "out". In either case, cash buyers in this market have the…
Recovering From Unprecedented Flooding
Tuesday, May 18th, 2010 at 11:53am. 263 Views, 0 Comments.
The first weekend in May brought areas of Williamson and Davidson Counties over 13 inches of rain and tremendous flooding. The most significantly affected areas were parts of Williamson County and the Bellevue area in western Davidson County/Nashville along the Harpeth and Little Harpeth Rivers, and along the Cumberland River in the Downtown Nashville business district, and the Opryland, Opry House, and Opry Mills area. The devastation, as seen in person, is truly hard to believe. Many homes and businesses had well over 10 feet of water standing in them causing incredible damage. The water rose so fast that many people never had a chance to get anything out of their homes. As a result, homeowners have begun cleaning up by throwing away almost…
What Current Home Sellers Need to Consider
Wednesday, April 14th, 2010 at 11:15am. 256 Views, 0 Comments.
The most important item to consider when selling your home in a market like we have now is...SETTING THE ASKING PRICE! Up unitl about 2007, local home prices have increased dramatically. In about late 2007, the market slowed and the changed from a Seller's market to a Buyer's market very quickly. As a result, homes were no longer appreciating at the rate of the past. Some homes had been appreciating as much as 8-10% per year for the previous 3-5 years creating some excellent equity for home owners. In today's market, a Buyer has a lot of choices when it comes to considering housing options. Home sellers need to be ready for a market they may have never experienced before. Home Sellers....look very closely at homes in your nearby area that have SOLD…
Williamson County Assn. of Realtors Announce March Home Sales Results
Thursday, April 8th, 2010 at 3:46pm. 192 Views, 0 Comments.
Single family residential home sales in March in Williamson County increased a whopping 40+% over the same month in 2009 from 152 to 219 closings according to figures released today from the Williamson County Association of Realtors. The median sales price, that level where half the homes sold for more and half sold for less, decreased a small 3%. The average number of days on the market increased by 8 days over March of last year.
CLICK HERE to view the entire Williamson County Association of Realtors Press Release.
These numbers show that the Williamson County market, while not at the incredbile sales pace of 2006 and 2007, remains much stronger than most around the country. This supports the fact that real estate is a LOCAL business mostly affected…
Google's Streetview Offers New Visual Technology For Your Home Search
Wednesday, April 7th, 2010 at 12:35pm. 172 Views, 0 Comments.
Have you seen the latest Google technology...Streetview™?? We now offer Streetview™, and it is some amazing online, visual technology that gives you new perspective when using our Home Search capabilities. Streetview™ allows the "user" to "virtually" walk down a street and see adjoining homes/properties as well as see the streetscape as you progress through an area or neighborhood. It is so easy to use! Just click on the "Streetview" tab at the top of each property listing page, and your view of the street opens in a window as clear as a picture taken with a camera. By clicking your way in either direction down a street or through a neighborhood, you are shown a "real life" view of the area. You can stop at any point along your…
Want to Sell Your Home But Owe More Than It is Worth?
Monday, April 5th, 2010 at 11:42am. 126 Views, 0 Comments.
You are not alone! More and more homeowners are in this position! One option to consider is a "Short Sale". A Short Sale is a process where a lender is willing to accept less for a home at closing than the current outstanding loan balance on the property, but not every homeowner that wants to qualify will. There must be a "Hardship" for the homeowner involved. Some examples of "Hardships" are 1) Job Loss 2) Business Failure 3) Illness or Medical Costs 4) Divorce or Death of a Spouse 5) Natural Disasters. It is also very important that there is enough time to successfully market the property to qualify for a Short Sale, so I recommend that you contact an experienced and qualified Realtor as soon as possible if you feel you are in this situation. A Short…