Blog Articles from Allegiant Mortgage, LLC

Middle Tennessee Real Estate Boom. It's a Seller's Market

March 9th, 2015 1:59 PM by Rose Tignor

The real estate market is booming in Middle Tennessee thanks to our strong economy and a number of other factors.  What is a seller's market? A seller's market exists when there is a smaller amount of homes on the market versus buyers out in the market place looking.  A seller's market tends to drive home prices up because buyers are desperate to obtain a house as soon as it lands on the market.

My advice?  Work with an experienced agent who will let you know when properties become available immediately and help you make the right bid to secure a contract.  Secondly, in a seller's market the seller has all the power.  Try to limit your requests to those things absolutely imperative to securing a contract such as price, earnest money deposit, closing costs, and closing date. 

Lastly, be sure to get qualified before you go out looking for homes.  In a seller's market things move more quickly and sellers won't negotiate with a prospective buyer who hasn't been to the bank yet.  If you fall into that category, let us help you get pre-qualified for a home in this hot seller market!  We can also refer you to a number of qualified agents!

Posted by Rose Tignor on March 9th, 2015 1:59 PM


My Favorite Blogs:

Sites That Link to This Blog:

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

Your Information
Property Information
By checking the box, you agree that may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.