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What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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MAP

Select a Starting Point: No Preference Alamo Beech Bluff Bells Bolivar Bradford Brownsville Cedar Grove Greenfield Henderson Humboldt Jackson Lexington Medina Milan Pickwick Savannah Selmer Three Way Trenton Choose a property type: All Property Types Residential Multi-family Lots / Land Commercial / Industrial

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Jackson Tennessee Real Estate Blog

Tax Credit Extended Beyond First-time Homebuyers

John Orr

Tuesday, November 24th, 2009 at 12:21pm. 131 Views, 0 Comments.

To get some common answers to questions regarding the tax credit visit the Official IRS site.  It seems even some CPA's are not sure of what qualifies or does not, so before making a decision do a little research.  Since this is new to all of us, different scenarios abound.

At Coldwell Banker Real Estate Now we want you to have as much information as possible, so Click Here to get more information.  Also on our site check out the Buyer and Seller sections to learn more information on buying or selling.  The resources are updated and are to assist you in being a more well informed buyer or seller.

Thanks for visiting our site, come back often.

Have a Safe and Happy Thanksgiving!

 

Homebuyer Tax Credit Extended

John Orr

Friday, November 6th, 2009 at 11:54am. 148 Views, 0 Comments.

Homebuyer Tax Credit Extended

News Release

 

NATIONAL ASSOCIATION OF REALTORSÒ The Voice For Real Estate® 500 New Jersey Avenue, NWWashington DC 20001 PUBLIC AFFAIRS For further information contact:Lucien Salvant, 202/383-1176lsalvant@realtors.org  Tax Credit Extension a Positive Step Toward Sustained Real Estate Recovery, Say Realtors® WASHINGTON (November 5, 2009) – The National Association of Realtors® today commended the U.S. Senate and House of Representatives for passing a bill that includes an extension and expansion of the current home buyer tax credit as an important step in ensuring a real estate and economic recovery. 

“RealtorsÒ appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners,”…

Third Quarter Homes Sales Decline for Madison County

John Orr

Tuesday, October 6th, 2009 at 1:18pm. 220 Views, 0 Comments.

 

Weathering the storm of the economic recession is taking its toll on real estate sales in the area.  The average sales price through the 3rd quarter was $122,648 compared to last year same period of $130,427.  This is the 3rd straight year of decline from the peak in 2006 of $139,074.  Year over year volume decreased 27.35 % with unit sales down 22.51% for Madison County.  Average days on market for properties that have sold was 117 versus 98 in 2008.  A total of 769 homes sold versus 950 for the same period in 2008.  Dollar Volume was down over $29 Million. These figures are compiled from the CWTAR, MLS system, which doesn’t account for all sales but the majority in the area.

   

From a buyers perspective the market is probably at or near the bottom, so…

Annual Home Price Comparison Index

John Orr

Wednesday, September 23rd, 2009 at 11:39am. 118 Views, 0 Comments.

COLDWELL BANKER REAL ESTATE RELEASES ANNUAL HOME PRICE COMPARISON INDEX FOR united states and SELECT international MARKETS

$2 Million Difference Between Four-Bedroom Homes In Most Expensive Market of La Jolla, Calif., and Most Affordable Market, Grayling, Mich.

Singapore Tops International List as Most Expensive Foreign Market; Salinas, Ecuador Most Affordable

PARSIPPANY, N.J. (Sept. 23, 2009) – The 2009 Coldwell Banker® Home Price Comparison Index (HPCI) released today found a price gap of more than $2 million between the most expensive and most affordable U.S. housing markets.  In the annual comparison of similar 2,200-square foot homes in 310 U.S. housing markets, La Jolla, Calif. led the list as the most expensive real estate market in the country with an…

Interest Rates Drop Once Again

John Orr

Thursday, July 23rd, 2009 at 8:00am. 205 Views, 0 Comments.

Rates for 30-year home loans dropped for the third-straight week, inching toward a record low reached earlier this year, Freddie Mac said Thursday.

The average rate for 30-year fixed mortgages was 5.14 percent this week, down from 5.2 percent last week. Last year at this time, the average rate for a 30-year mortgage averaged 6.26 percent, Freddie Mac said.

Coupled with the low interest rates there are some great buys to be had as inventory levels are still strong.  Contact one of our sales associates to get started. 

To take advantage of the 2009 Tax Credit you must close on or before December 1st, and with the backlog that some lenders and loan programs are experiencing, closing are running anywhere from 45 to 60 days out.  That in essence leaves about 2…

Welcome Carlisle Tire & Wheel

John Orr

Tuesday, July 21st, 2009 at 1:59pm. 177 Views, 0 Comments.

The Jackson Area Chamber of Commerce just announced that Carlisle Tire and Wheel will be purchasing the Whirlpool facility, and create over 400 jobs in the Jackson area.  This is a much needed boost to the local economy as we have been affected by numerous layoffs and plant closings in the area over the last year.  Although we do not know the actual impact on the housing market, we are confident that the creation of this many jobs will help stablize our recent declines.  Jobs are the heart of any community and we welcome Carlisle Tire and Wheel to Jackson!  Congratulations goes out to Team Madison County for landing such a well respected company.

Market Rebounding Rates Increasing

John Orr

Thursday, June 11th, 2009 at 4:03pm. 194 Views, 0 Comments.

Over the last couple of months we have seen an upturn in activity in Pending sales and Closings.  With School out families are now in the position to relocate and companies that typically transfer employees into new markets are more apt to wait until families with children are out of school.

Interest rates are still attractive and more now then ever it is important for homebuyers to get qualified before they begin the home search process.  What we are seeing is that now several mortgage brokers have left the business, leaving many reputable lenders for buyers to choose and compare.  Not all lenders are equal though, and analyzing good faith estimates can be tiresome.  Each lender has their own set of closing costs, individual fees, and then the standard…

To Buy or not to Buy? Lowest Rates Since 1956!

John Orr

Thursday, March 26th, 2009 at 1:30pm. 266 Views, 0 Comments.

Interest rates on a 30 year fixed rate hit a 50 year low today, signally to home buyers a great time to buy.  We are not sure how much longer these rates are going to hold, but you can count on the fact that once the economy starts to show more life, that they will go up and go up quickly.

Currently based on a sales price of $125,000, with a down payment of 5% at the average rate of 5.08%, the monthly payment of principal and interest would be approx. $643.29.  Comparable to rent for a 2 bedroom apartment in our local area.  Add to this low rate, a $8000 tax credit for first time homebuyers, and you have to just shake your head and wonder why they someone would wait.  To get a better idea of what type of payment you could expect on different loan…

Why get Pre-Approved for a Mortgage?

John Orr

Tuesday, March 17th, 2009 at 4:26pm. 274 Views, 0 Comments.

With lending requirements having changed with the mortgage meltdown, pre-approval is now more of a necessity.  First off, getting a pre-approval letter from a lender will allow you to concentrate your search on homes that meet your budget.  The benefits also include the ability to find out if you have any credit issues that may have been erroneously reported to the credit bureau, the insight into what requirements you will need to fulfill to obtain financing, and also give you a better negotiating position when you find the home of your dreams.  How?

Consider this as a buyer, you have a pre-approval letter from a reputable lender(they are out there), you have already gathered the required documentation that they have asked to have submitted, and if any…

Is now the time to buy?

John Orr

Friday, February 27th, 2009 at 11:50am. 532 Views, 0 Comments.

Buy or Wait?

We are of the opinion that now is the time to buy!  With interest rates at levels almost unimaginable in recent history, the supply of homes on the market at near record levels, this is actually the time to buy.  Trying to time the real estate market is just like any other market, by the time you find out that it has hit the bottom it is too late.  What you hear on a national level is true to some extent, home prices have fallen, but in the Jackson area, we never saw 50-60% appreciation like California, Arizona, Florida, and other high density populated areas, so we haven't and will not see depreciation like those states.

First time homebuyers this year will be eligible for an $8000 tax credit on the purchase of a principal residence.  This is…

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