Saturday, 30 May 2015
Home Movie - 320 Whitworth Way
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With each Post & Company listing, sellers share specifics that highlight the home's charm and uniqueness. And we then create a customized "Home Movie" to showcase the home's story. THOSE details are often what prospective buyers want to know the most. The listing featured below was listed and sold in one day! Here is their "Home Movie" (make sure to click the HD tab and watch this in high definition.)

https://www.youtube.com/watch?v=ef6DbdkbZzk

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Posted on 05/30/2015 12:56 PM by Tiffany Olson
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Friday, 29 May 2015
Finding dream house becomes a nightmare.
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As has been documented, there are more buyers than sellers these days, hence more demand than supply.

While the sales figures are well-reported and month after month seem to report the same news of sales going skyward along with prices, the humanity side of the equation is often lost.

Having been around the business for 37 years, there are many in the community who are aware of my occupation and, three or four times a week, I am approached by people with well-meaning comments like "I know you are having fun these days," alluding to the fact that the market is so hot.

In fact, area Realtors are suffering along with the buyers who are frustrated and psychologically battered over the difficulty in purchasing a home, an act that was not so complicated in the past and is performed with more ease and dignity in other geographic areas even now.

Most buyers who are working with real estate agents are enrolled in an automatic email program provided by Realtracs, the multiple listing service for the area. Just after midnight, each morning, buyers are emailed all of those properties listed during the previous day.

In many cases, by the time the clock strikes midnight and those listings are sent, the properties are under contract.

To combat this situation, agents are running "hot sheets" every few minutes in order to monitor any new listings. Additionally, they are relying on Facebook pages closed to all but certain Realtors.

Most agents have a network of agents from different firms with whom information is exchanged several times each day.

I have heard estimates of 85 to 150 people relocating to Nashville each day. I believe it could be the higher number, although I have no data other than three of four calls each week from people on the way. And there are 4,500 Realtors out there receiving the same calls.

An example of that call:

"Hello, this is Susan Vernidies, and Roscoe Bono referred me to you. We have sold our house here in San Monadino and are moving to Nashville and need to close by the end of next month. We can come in this weekend to find a house," she beams.

Those words would have thrilled any Realtor in Nashville at any point from the day James Robertson pulled the boat ashore until 2013. Now it causes nausea in the receiving Realtor.

"Uh, uh, uhum," the Realtor stammers," Have you heard anything about the Nashville market?"

"I have heard it is hot," she replies, "We can't wait to see the city."

Then comes the explanation that they will likely be unable to buy over the weekend. Possible, but unlikely.

Then, the more likely situation is described in which the Realtor will serve as a tour guide showing various parts of town, tour some schools, have meals in the wonderful new restaurants and visit whatever leftover listings remain.

After a day of that, and once the buyers' needs have need assessed, the Realtor will network like a fiend trying to find some off-market homes that fit those criteria.

If any of these fit the bill, the buyer will be forced to pay asking price or above and allow the seller to set the close date and, more important, the possession date. They usually have to lose a house or two before reality wins.

Over last weekend, a buyer went through those paces and made an offer $15,000 more than list price. The seller decided to have the listing agent contact other agents in an attempt to declare the coveted "bidding war."

The sellers refused to counter or accept for 48 hours, during which time the buyer sat virtually handcuffed in a hotel. Each passing hour brought more anxiety.

The offer was then accepted.

Of course the buyer worried that he paid too much. That was until checkout at the hotel when they saw another couple in town "to buy a house."

The wife was crying. They had made three offers and missed all three.

Their agent and the couple had started over three times and will have restart No. 4 next weekend. No, this is not fun.

Sale of the Week

Grace Clayton of Neal Clayton Realtors listed 4002 Vailwood Drive on Jan. 22, a few weeks prior to Snowmegeddon, and sold it in 111 days. Nashville was frozen for a large portion of that period, and the owner let it go for $1,092,000 after. Clayton listed it for $1,189,000.

The cold never bothered her anyway.

Anne McGugin of Fridrich and Clark Realty represented the buyer, who awaited warmer climes to purchase the home, which has five bedrooms, five and one-half baths and 5,350 square feet. Clayton described it as having incredible flow with high ceilings and huge rooms.

In a testament to the hot market, the current owner had paid $855,000 in December of 2011. Buying in December and selling in May is always a good plan, especially if there happened to be a real estate boom in between. And the city is on one now.

The 4002 Vailwood home is one of 63 sales of $1 million or more this year in Davidson County, compared to 38 at this time last year with another 39 under contract. An additional 13 sales are pending.

Assuming most of those sales close by the end of June, there will be 115 closed sales of $1 million or more in the first half of 2015. Those sales compare to the 67 closed sales $1 million or more for the same period in 2014, and the numbers are trending upward.

In Williamson County, sales are following the same trend with a recent surge showing 40 pending sales and 27 under contract to go along with the 68 closed sales.

By June 30, Williamson County should have 135 closed sales for over $1 million or more, compared to 75 for the same period last year.

Richard Courtney is a real estate broker with Christianson, Patterson, Courtney, and Associates and can be reached at Richard@richardcourtney.com

 

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Posted on 05/29/2015 7:04 AM by Tiffany Olson
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Saturday, 23 May 2015
So great.
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Post & Company Real Estate's photo.
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Posted on 05/23/2015 9:02 AM by Tiffany Olson
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Thursday, 21 May 2015
Enormous 60,000 square foot "mansion" for sale in Texas
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Massive (and odd) 46-bedroom, 60,175 sq. foot mansion for sale in Texas

http://fox13now.com/2015/05/19/massive-and-odd-46-bedroom-60175-sq-foot-mansion-for-sale-in-texas/

MANVEL, Texas - Looking for a massive fixer-upper property? Then this 46-bedroom, 60,175 square-foot home in Texas is the home for you.

The brick home, built in 2001, was recently listed for $3.5 million. The home has 46 bedrooms, 26 full bathrooms, a 9-car garage, a spa, an indoor pool and an elevator.

While the home is currently listed at 46 bedrooms, once completed, the home could have as many as 70 bedrooms.

Courtesy of Christy Buck Team at RE/MAX Top Realty

"We have had some inquiries for assisted living," Mona Miller of the Christy Buck Team at RE/MAX Top Realty in Houston told the Houston Chronicle.

The home, described by Homes of the Rich as ugly and weird, was built 14 years ago by a doctor and his wife. The couple originally planned to use the home as a live-in rehab facility for the doctor's patients.

Before the home was finished, the couple built a smaller structure on adjacent property, which they apparently ended up using.

Courtesy of Christy Buck Team at RE/MAX Top Realty

"As far as we can tell, this one has never been occupied," Miller said, referring to the home currently on the market.

Despite the large price tag, the home is far from move-in ready.

"Whoever buys the property will probably need to take it down to the building shell and the studs," Miller told the paper.

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Posted on 05/21/2015 9:06 AM by Tiffany Olson
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Wednesday, 20 May 2015
Nashville is the fastest-growing new home sale market in America.
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http://www.bizjournals.com/nashville/blog/real-estate/2015/05/report-new-home-sales-in-nashville-are-growing.html?ana

Chalk up another one for Nashville's housing market.

Nashville's new home sales grew 17 percent year-over-year through January 2015, according to a new report from CoreLogic.

Here's what Sam Khater, deputy chief economist with CoreLogic and author of the report, wrote of Music City's new home sale growth: "Nashville is not only exhibiting strength over the last year, but it is one of only five markets that have higher new home sales in 2015 than in the very early 2000s when markets were normal."

According to CoreLogic, San Jose, Calif., was the second-fastest-growing market, with new sales up 14 percent. Coming in third was Atlanta, where new sales grew 10 percent from a year ago.

The growth in new home sales can be attributed to the swelling population in the Nashville region, which has grown nearly 13 percent since 2000, according to the U.S. Census Bureau's 2013 five-year American Community Survey.

Recent figures from the Greater Nashville Association of Realtors found there were 2,940 closings in April, a 6 percent bump from the same month last year.

Several local banks have cited big benefits from the region's housing market.

In a first quarter earnings call last month, Avenue Bank Chairman and CEO Ron Samuels attributed the bank's record earnings to in part to "the continue strength of Nashville's economy," saying Avenue anticipated further windfall this year from the region's "robust mortgage market."

Columbia-based First Farmers and Merchants Bank attributed a large part of its first quarter loan growth to increased residential mortgage volume.

Another, Franklin Synergy Bank, has posted eye-popping gains from its heavy emphasis on the real estate market in Williamson County.

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Posted on 05/20/2015 9:02 AM by Tiffany Olson
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Monday, 18 May 2015
Another Terrible Real Estate Photo: "As the music fades and the children start crying, a late entrant for the title of World's Saddest Birthday Party."
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Post & Company Real Estate's photo.
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Posted on 05/18/2015 3:19 PM by Tiffany Olson
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Tuesday, 12 May 2015
Craftsman-style Bellevue townhome for lease - $1395
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*3003 Harpeth Springs Drive

*1216 sq ft., LR, kitchen, dining room, 2 BR, 2.5BA.
*Washer/dryer, refrigerator, lawncare & trash all included.
*Quiet street close to the interstate and an easy commute to Vandy, Belmont, and downtown.
*Hardwoods, new carpet, fireplace. Townhome is only 12 years old and HVAC is only 1 year old - very energy efficient.
*Back patio and cozy front porch.
*Zoned for highly sought-after Harpeth Valley Elementary.
*Discount for longer lease. Pets possible - case by case basis.
*Will verify prospective tenant's previous rental history, current employment & credit.
*Call Mike to schedule showing. $1395 a month and $1,000 deposit. 615.414.3270. Owner agent.
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Posted on 05/12/2015 3:19 PM by Tiffany Olson
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Monday, 11 May 2015
New Post & Co. Office
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We are very excited to announce that Post & Co. has secured its second location. In addition to our Berry Hill office on Ligon Drive, we will now have a second location at 2176 Hillsboro Road in the Grassland area of Franklin. We will be located next to Grassland Dentistry and Nashville Pizza Company. The office is in the process of being constructed, but I will post some pictures updating our progress. We hope to be in by August 1st!

 

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Posted on 05/11/2015 3:21 PM by Tiffany Olson
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Monday, 4 May 2015
Another Terrible Real Estate Photo: "On the plus side, you have something to read while you wash up."
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Posted on 05/04/2015 4:00 PM by Tiffany Olson
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Saturday, 2 May 2015
Our Adopt A Highway MVP today, Jules Post.
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Mike Post's photo.

Post & Company Adopt A Highway Day - "We are finding lots more Bud Light cans today than last time." - Jules Post

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Posted on 05/02/2015 9:04 AM by Tiffany Olson
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Friday, 1 May 2015
New POST & CO Listing - 2,785 Renovated Square Feet On Over 2 Acres In 37209 - $350K
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Posted on 05/01/2015 9:05 AM by Tiffany Olson
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