Today, the Silva Group is celebrating its one year anniversary with a personal letter from Kenny…
It has been an interesting 12 months since I put down my guitar and decided to start a business out in the “real world.” I’ve experienced highs and lows, trials and victories. I’ve seen the very best parts of people and the very worst. I’ve worked long hours and have sacrificed much; the joys of owning a small business.
Please feel free to contact Kenny Silva anytime to arrange a showing.
If you know me, then you know that The Silva Group exists to serve people. Not only do we want to be a blessing to the Nashville community, but we want to have a global impact. With that said, I am very proud to announce our newest program.
Starting immediately, if you refer a friend with real estate needs to The Silva Group, we’ll sponsor a child through World Vision in your name. It works like this:
1. You refer your friend who has a real estate need.
2. They agree to be represented by The Silva Group.
3. They purchase or sell a home; transaction closes.
4. We sponsor a child, for one year, in your name.
5. You make a lasting impact in that child’s life.
All you have to do is refer a friend and let us take it from there. It’s just as simple as that.
In case your curious about who and how to refer, it’s easy. If you have a friend who’s curious about purchasing or selling a home within the next 3-6 months, just let them know you have a friend that they can trust to help them get educated and devise a game plan. After that, just put us in touch with them, and know that they’ll be well taken care of.
This is just one way in which we hope to create a lasting impact. We’re really looking forward to rolling this out and enjoying your continued support. If there’s ever anything that The Silva Group can do to help you move forward, we’ll be honored to do it!
Thanks,
Kenny Silva
Owner, REALTOR – The Silva Group
(615)336-6638
kenny@thesilvagroup.net
The last few days were largely uneventful. The seller was unavailable and so was her agent, so we sat in limbo for the weekend.
We finally received another counter offer this afternoon. Although we couldn’t get everything my client wanted, we did get the important stuff. That said, we reached a binding agreement.
With a mutually agreed-upon contract, the listing agent now has everything she needs to submit a short sale package to the bank (or, in this case, banks.) This is where things get dicey. Once the package enters into mortgage lender limbo, it’s the listing agent’s job to make sure it goes where it needs to go and gets looked at. I’ll be following up liberally to make sure that happens.
Looking forward to the next step. I’ll let you know what happens.
We finally got a counter-offer back from the seller. Hooray!
She came back with a few different terms, but no extravagant changes. I want to protect my client’s confidentiality, so you’ll have to forgive the lack of details.
Anyway, we should be able to work something out that will make everybody happy. I’ll let you know how we respond.
After we work that all out, we ship a short sale package to the lender and wait patiently for their ever-elusive short sale approval.
Nothing to really report today. The seller of the property my client is going after has been in and out of the doctor’s office all day long and was unable to meet with her agent and look at our offer. Time is of the essence, but life certainly can get in the way sometimes. Looking forward to getting the contract negotiated and accepted today.
Then comes the fun part of assembling short sale packages to be sent to both of this property’s lien holders. Two lenders = two times the fun.
See you tomorrow!
If you were, at one time, a regular reader of this blog, you know that we’ve taken a bit of a hiatus over the past few months. Well, time to dust off the ol’ writing gloves and get back to work.
I figured, what better way to return to blogging than to write a daily chronicle of one of the more elusive processes in real estate: the short sale? In this series, we’ll follow the process from offer to close and see what really happens along the way.
And away we go…. Day 1 – July 27, 2010:
After much searching, we’ve found the perfect house. Just my buyer’s luck, it’s a short sale situation. It’s a great chance to snag a really good deal, but also a potential whirlwind of red-tape and headaches for both my buyer and me.
All fear aside on both our parts, we are going to weather the storm and get her a great house at a great price.
Details:
2:00 PM – We wrote an offer. Full price with seller paid title and 4% of purchase price towards closings costs, pre-paid expenses (taxes,escrow,homeowner’s insurance,etc.,) and discount points. 14 day inspection contingency, appraisal contingency, financial contingency. All the good stuff. We also attached short sale addenda with language that allows my client some ways out if something better comes along.
I’m all about protecting my clients and giving them plenty of
escape routes if things go south. Make sure your agent does this too.
4:00 PM – The offer’s been sent out and we’re waiting to negotiate.
9:30 PM – The listing agent has contacted me to acknowledge receipt of the offer and will present it to her client in the morning. More to come tomorrow!
Won’t you come and take a look? Sunday 3/28 2-4 PM.
Immaculate!! In Cul-de-sac, New Master Bath, Tile, Granite, Custom Tile Work in Shower, Designer Paint, Wired for Surround Sound, New Fixtures, Fireplace w/ New Chimney, Faux Wood Blinds. Floored Attic – Storage, Close to Nashville West and I-40!
Bedrooms: 3
Bathrooms: 2.5
Square Footage: 2250
So here’s what happened in my world last night.
I was having dinner with some friends at the 12 South Taproom & Grill, during which I get a tweet from @flashfest2010 about going to Mt. Richmore and assaulting John Rich’s gaudy new palatial estate with a barrage of light…
For more information on why anyone would do such a thing, visit the Nashville Scene.
Juvenile? Maybe. Powerful? Definitely. Before Twitter, how could a grass roots movement arise out of the dust within a matter of hours to combat rampant celebrity shmuckery? I wish I could have went, but I hadn’t seen these friends in quite a while and I didn’t want to leave them hanging.
One of these friends was Jeff Allen,
an amazing artist who you need to check out immediately.
After dinner, we headed over to the Cannery Ballroom to check out Randy Rogers Band featuring Wade Bowen, two of my most favorite Texas artists… You don’t spend the better part of 7 months in a van (like me) driving back and forth through Texas from gig to gig without picking up an affinity for Texas music.
The show was amazing. Randy Rogers and his band absolutely killed it. I ran in to a few friends I haven’t seen in a while and had a blast listening to some gritty, driving Texas country.
After that, our little crew headed on over to the Bridge Bar at Renaissance Hotel for the usual CRS week festivities. Music biz-types were out in abundance, glad-handing and networking like busy little bees, but it was still a really fun time. I got to reconnect with a lot of musician and business types that I haven’t seen in forever, as well as meet some really cool people (no name dropping allowed.)
CRS is going all week. Here are a few of the artists who will be playing and attending: Brad Paisley, Luke Bryan, Jason Michael Carroll, Bucky Covington, Jake Owen and Taylor Swift. Pretty cool event for all you Nashville music-types to go and check out.
So that was my night in Music City. If you’re not from here, it sounds pretty exciting. If you live in Nashville, then it’s business as usual.
That’s why I love this city so much.
Wanna move here yet?
I’ve run into this question quite a bit lately. People are wondering how much cash they need to have on hand to purchase a home.
There are a lot of misconceptions out there when it comes to down payment. Some people think you need 20%. Others think you need 10%.
What if I told you 3.5% will get you in to a house?
It really depends on which loan program you go with. If you get an FHA loan, you can put down as little as 3.5%. The disadvantage to that is that you will have to pay an up-front mortgage insurance premium. That amount is rolled in to your total loan balance. Also, you’ll pay a monthly mortgage insurance premium until you build equity in 20% of the house.
Moving up the ladder, there are conventional loans available that allow you to put 5 % down. Using this type of product, you would avoid the up-front premium, but would still have to pay private mortgage insurance until you get to that magical 20% equity mark.
Those are just a few of the various options available to home purchasers. A reputable lender would be able to sit down with you and talk about all of your options and tailor something to meet your needs.
Whichever you choose, make sure that you put enough money down to actually have a stake in your home. 0% financing is what caused all of the trouble in our housing and financial markets. Also, higher down payments = lower monthly payments, less interest paid, more money in your pocket, etc…
Take the time to plan your move. You’ll be glad you did. Contact me and we can sit down and go through your options together.
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