Brentwood, TN Real Estate News

By TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029
(Complete Home Inspections, Inc.)
As a licensed home inspector for the State of Tennessee and an ASHI certified home inspector, I am continually in and out of properties almost daily; some new - some old. Generally, it is the older properties that I find really fascinating.I entered the master bath of an ‘80's style ranch and flipped the light switch on as I entered the room. The dark room instantly became aglow in a brilliant light that momentarily hurt my eyes. Then I noticed the intense heat. There must have been a minimum of 25 - 60 watt bulbs surrounding a 48x48 mirror. I understand that some women like to have a lot of light while putting on their make-up, but goodness, the heat coming from that area was enough to melt your mascara not to mention the sunburn that you could get in the meantime! Maybe this was the f...
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By TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029
(Complete Home Inspections, Inc.)
 If you have one, when was the last time that YOU entered, inspected, or had your crawl space professionally inspected?   As a licensed home inspector for the State of Tennessee and an ASHI certified home inspector, I have seen a lot of damage in the under world that could have been avoided by performing annual maintenance inspections. The old adage, "Out of Sight - Out of Mind" doesn't work for this area of your property. What you don't know can cost you - thousands of dollars.Water damage and water related issues are the number one issue that I find under houses. Loose toilets and leaks in waste lines at floor penetrations are issues that can go unnoticed for years. By the time you finally notice it; your property could have sustained thousands of dollars of damage! Water damage does ...
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By TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029
(Complete Home Inspections, Inc.)
Chimneys are basically very small structures. Just as your house needs a roof to keep water from entering, so does your chimney. Chimney crowns are simply chimney roofs. The crown should slope down from the flue liner at a minimum of 3 inches of fall per foot of run. Flat or improperly sloped crowns can allow water to enter the interior of the chimney. This water can cause efflorescence (white salt deposits on brick surface), brick spalling (the flaking of the brick surface), and the deterioration of the mortar between individual bricks. Not to mention damage to the damper, hearth, fire-screen and wood around the chimney on post-and-beam construction. All too often, brick masons simply use mortar mix to finish off the top of a chimney. Mortar is easily damaged because it is not designed...
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By Dr. Doris Marlow, Brentwood Real Estate
(Brentview Realty)
With so many new companies moving to the Nashville area, more and more people are finding Williamson County, especially the areas of Brentwood and Franklin, to be very appealing.  Unlike most large cities, the Nashville area has very few gated communities.  One of the best known gated communities is The Governors Club in Brentwood, Tennessee.  Located south of Nashville, just off the Concord Road Exit of I-65, The Governors Club offers so many amenities.  The Governors Club of Brentwood has a fabulous 18 hole golf course designed by Jack Nicklaus.  The homes surround this beautifully landscaped course.  The clubhouse overlooks the eighteenth green, and dining is delightful.  Home pricing ranges from $700,000 to $7.8 million.  There are two swimmings pools and tennis courts, as well as a...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
This one shows the history of rates since 1790. Rates too high? Are you kidding me? Get some perspective...Provided by Jim McMahan, Mortgage Market Guide*******************Kevin Michelson, CMPS, MBA is one of the few mortgage originators in the state of Tennessee to hold the prestigious designation of Certified Mortgage Planning Specialist (CMPS). He is a Home Loan Consultant for Countrywide Home Loans in Brentwood, TN - Countrywide's #1 branch for purchase originations. Additionally, Kevin earned his Masters of Business Administration (MBA) from Nova Southeastern University bringing advanced concepts to his clients' mortgage plans and his referral partners marketing plans. He believes that if he puts others first, he'll never finish last. Kevin and his family are proud to call Williams...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
I recently had a buyer choose to not buy a home because "rates were too high." Certainly an excuse but here's some evidence to fire back at someone if you get the same point of resistence.Provided by Jim McMahan, Mortgage Market Guide*******************Kevin Michelson, CMPS, MBA is one of the few mortgage originators in the state of Tennessee to hold the prestigious designation of Certified Mortgage Planning Specialist (CMPS). He is a Home Loan Consultant for Countrywide Home Loans in Brentwood, TN - Countrywide's #1 branch for purchase originations. Additionally, Kevin earned his Masters of Business Administration (MBA) from Nova Southeastern University bringing advanced concepts to his clients' mortgage plans and his referral partners marketing plans. He believes that if he puts other...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
Lenders use various indices to adjust interest rates as economic conditions change over time. Lenders add a certain number of percentage points, called a margin, to the index to establish the interest rate borrowers must pay.LIBORLondon Inter-Bank Offered Rate (LIBOR)LIBOR is the rate of interest that member banks of the British Bankers' Association charge when they lend money to one another in the wholesale money markets in London, somewhat similar to our Fed Funds Rate. In fact, the LIBOR tends to closely track the US Fed Funds Rate. LIBOR is a standard financial index that is used globally and in US capital markets, and the Wall Street Journal publishes the index on a daily basis. In general, changes in the LIBOR have tended to be smaller than changes in the Prime Rate. There are sev...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
As our parents grow older and their life expectancy rises to previously unseen levels, we are faced with a growing dilemma: how to finance the higher costs associated with assisted living facilities, in-home care and medical expenses without going broke.We all want to care for our loved ones, but we also want to ensure a stable financial future for ourselves and our own families. With this in mind, as a Certified Mortgage Planning Specialist, I am committed, qualified and equipped to help you implement these three proven steps to help you financially care for your elderly parents:Develop an Elder Care Funding Plan of Action: The best way to approach elder care financing is by re-examining your spending habits and the way your monthly cash flow works. This doesn't necessarily mean that y...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
Are you a speculator or investor? Great fortunes can be made and lost in real estate. As a Certified Mortgage Planning Specialist, I am committed, qualified and equipped to help you implement the seven keys to profitable real estate investment: Determine Level of Liquidity - liquidity is the ability to quickly convert an investment into cash, without losing any of the principal that you've invested. For example, a savings account is highly liquid. In contrast, real estate is considered to have low liquidity because of the time it takes to sell the property and the unpredictability of the market value at the time you are ready to sell. The greatest real estate fortunes have been lost by those who overextended themselves and didn't have enough liquidity to weather to ups and downs in the ...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
Buying a home is a major achievement in most everyone's life. Pride of ownership, tax breaks, equity and the ability to increase your wealth and net worth are just a few of the many benefits you'll enjoy with your new home. Your home purchase may also be one of the largest you will ever make.During the emotional excitement of buying a home, you may encounter terms with which you are unfamiliar. For some, it can be a bit embarrassing to ask what they consider too many questions. Others may make a note of their questions but simply forget to revisit them. To ensure that you have complete confidence during your home loan process, invest a moment to read this report and become familiar with the concepts and terms you'll encounter. Knowledge is power and the more you know, the more successfu...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
As a Certified Mortgage Planning Specialist, I am committed, qualified and equipped to help you improve your credit rating. Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.).Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with 850 being the best possible credit score that you could receive, and 350 being the worst possible credit score. There are five factors that determine your credit score: Your Payment History - 35% impact on your credit score. Paying debt on time and in full has a positive impact. Late payments, judgments, charge-offs, collection accounts and bankruptcies have a negative impact. One of the most i...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
College costs continue to rise, but a college degree remains an excellent investment. With the proper planning, most families can find a way to afford higher education.You should not try to implement a quick fix to financing a college education. This only results in straddling you or your children with the burden of unnecessary debt. The average senior graduates college with over $19,000 in debt. In fact, nearly 8% of graduating seniors carried student loans of $40,000 or more. This situation often spills over into unwise spending habits and results in throwing you or your children into a downward spiral of debt mis-consumption. In fact, a recent study discovered that Americans lose over $287,000 throughout their lifetime through debt misconsumption.This means simply that there are bett...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
One commonly overlooked form of "predatory lending" is when banks and mortgage companies repeatedly encourage people to take out larger mortgages and home equity loans for "debt consolidation" or to spend more by basically consuming your home equity. This often results in spreading car loans and credit card balances over 30 years with no real plan to help you become debt free. Unlike many traditional bankers and brokers, Certified Mortgage Planning Specialist professionals help you conserve your home equity, not consume it. This involves helping you implement financial strategies that will get your debt down to manageable levels and help you stay on track to become debt free.There is no quick fix to debt reduction; this requires careful planning and implementation. CMPS professionals he...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
Here are some tips and strategies that save you money when you are in the market to refinance your home loan. Don't get caught in the trap of consuming your home equity by getting deeper into debt to go on vacation, purchase unnecessary items and spread out your car loans and credit card balances over 30 years. CMPS professionals help you implement viable refinancing strategies to conserve your home equity, build greater wealth and achieve your goals in life.Understand that you may need to pay higher fees or interest rates if you are getting cash out of your home equity vs. simply paying off the current balance. Also, you may lose the interest tax deduction on cash-out funds in excess of $100,000. CMPS professionals help you structure your refinancing transaction to give you the best ov...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
There are many pitfalls you can avoid when you are in the market to buy a new home. Here are just a few tips and strategies to help you prepare for success: Know your credit score. You may be able to get a better mortgage rate and more favorable loan terms by restructuring some of your balances on credit cards, car loans, etc. Certified Mortgage Planning Specialist professionals help you correct errors on your credit report and determine which balances to restructure or pay off in order to improve your credit score. Know how much you can spend and determine how much you can afford. CMPS professionals can help you: Finance your home based on your monthly payment comfort level Determine how much cash to use as your down payment and where to get these funds Understand your before and after...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
The Federal Reserve Lowers Interest Rates by 0.25%... What Does This Mean For YOU? In order to answer this question, it is helpful to understand the four major interest rates that are affected by the Fed:Discount Rate (currently 5%) - the interest rate that banks pay when they borrow money directly from the Fed. The rate has been largely symbolic in the past because hardly any banks take the Fed up on their offer these days! You see, banks prefer to get short term financing by:Issuing "commercial paper" – these are short term IOUs of typically one to ninety days that are sold on the open market to Wall Street investors. Interest rates on these short term loans are often better than the discount rate offered by the FedBorrowing money from other financial institutions using the Fed Funds ...
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By Kevin Michelson, MBA, Nashville Insurance
(Liberty Mutual)
Most American's spend more time planning their vacation then they do planning their mortgage - usually their largest debt. While I'm passionate about Mortgage Planning I recognize that it isn't the most thrilling activity for most people. But when we consider the current status of the mortgage market and the huge numbers of foreclosures of home owned by people who had no idea that their mortgage would adjust or they honestly believed that their rate was 1.9%. With foreclosures at all time highs, I can't help but think what would have happened if just 5% of those borrowers who have fallen into foreclosure had sat with a mortgage planner and fully understood their loan program. Below is an outline of what mortgage planning is and how it will benefit you. The mortgage planning process is d...
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By TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029
(Complete Home Inspections, Inc.)
A roofing contractor had just installed a new roof on a property that had been rehabbed. Many property owners are not familiar enough with the trades to know when a job has been completed properly. Most take the word of the contractor.I could not help but notice that the stack vents on this rehabbed property were the old ones and the roofing contractor sealed them off with tar instead of installing new ones. Leaving the old boot jacks on will leave the new owner with constant maintenance issues with leaking seals as tar has a limited life expectancy. New boot jacks cost a few dollars and need be replaced when the roof is replaced. Many roofing contractors include replacement of boot jacks as part of the price of replacing or installing new roof coverings. If you are having your roof rep...
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By TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029
(Complete Home Inspections, Inc.)
Radnor LakeRadnor Lake is one of the crown jewels in the park system in and around the Brentwood area. Located a few short miles north of Brentwood in the Overton's Hill section of Davidson County, it is easily accessible from either the east entrance off Franklin Pike the west entrance off Granny White Pike. Radnor Lake has an interesting history. Originally it was used to provide water for the Radnor train yard located off I-65 in southern Davidson County.     If you need solitude for the soul, enjoy bird watching, hiking, or just want to get away from the city, take the short dive to this Tennessee's first official "Natural Area".
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By Dr. Doris Marlow, Brentwood Real Estate
(Brentview Realty)
Brentwood is in a festive mood with Christmas decorations everywhere.  The new Galleria Mall is covered daily with busy shoppers looking for the perfect gifts.  The homes are plentiful and a buyer's dream.  Concord Road is being widened from two lanes to five lanes to accommodate all the new residents.  Subdivisions such as The Governors Club, Hampton Reserve, Bon Brook, Magnolia Vale, and Concord Hunt have beautiful homes just waiting for new arrivals.CLICK HERE FOR MORE INFORMATION.
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