Category Archives: Buying

Nashville 4th Most Likely Market To Appreciate

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The following information was taken from Realtor Magazine (original article):

Forbes magazine turned to real estate research firm Local Market Monitor to figure out which markets have the greatest likelihood of price appreciation because they offer a mix of jobs weighted toward growth industries.

These are the top markets, the research company concludes:

1. Raleigh-Cary, N.C.
2. McAllen-Edinburg-Mission, Texas
3. Austin-Round Rock, Texas
4. Nashville-Davidson-Murfreesboro-Franklin, Tenn.
5. San Antonio, Texas
6. Colorado Springs, Colo.
7. Albuquerque, N.M.
8. Denver-Aurora-Broomfield, Colo.
9. Springfield, Mo.
10. Indianapolis-Carmel, Ind.

Source: Forbes, Francesca Levy (09/13/2010)

So what does that mean for us here in Nashville?

In a nutshell, Nashville is doing a lot better than most other markets in the country. Couple that potential with historically low interest rates and incredibly affordable home prices and you’ve got the perfect storm for potential home buyers. There has never been a better time to purchase a home in Nashville.
If you’d like a little more information about how to take advantage of the market and make a solid investment in your future, contact Kenny Silva at The Silva Group. I’ll be happy to walk you through the process.

Luxurious Condo Living in East Nashville

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This beautiful East Nashville condo has everything you’re looking for. Experience all the luxuries of a newer loft, coupled with an ultra-convenient location. You’ll be within walking distance of East Nashville’s 5-Points area. If you’re looking for a condo in downtown Nashville, why not give East Nashville a look. You’ll be happy you did!

Please feel free to contact Kenny Silva anytime to arrange a showing.

Buying a Short Sale Property – Day 6

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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.

Buying a Short Sale Property – Day 3

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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.

Buying a Short Sale Property – Day 2

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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!

Buying a Short Sale Property – Day 1

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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!

Why are We Different?

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I’ve spent the past few weeks too busy doing business to write about it.

I do apologize for my absence and would like to say hello with a simple statement.

Why are We Different?

There are thousands of REALTORs in Nashville just itching to help you find a home or sell your current one.

Some are great, some not so much.
Some close 100 deals a year. Some don’t close any.
Some could sell a popsicle to an Eskimo. Some couldn’t negotiate their way out of a wet paper bag.

So why would YOU choose ME?

Because I’m an honest, trustworthy, and upstanding citizen?

No. Everyone’s “honest.” Everyone will tell you to trust them. Tell me the last time you met someone who incorporated the words ‘I’m a liar’ into his or her sales pitch. Of course I’m an honest guy and lying is not part of my moral code, but if all I have to offer is honesty and trustworthiness, you’re better off getting your Uncle Joe to represent you in the purchase of your home.

Here’s who I am and what my business stands for.

I come from a long background of customer and public service:

9 years of retail and internal customer service experience.
3 years of experience as an emergency medical technician.
3 years of military service.

I’m no stranger to stress and I specialize in getting the job done, no matter how difficult. The customer and client are number one in my sight. Their satisfaction is my utmost concern.

You may credit Dan Cathy of Chick-fil-A with the concept of “second-mile service,” but he got it from the same place where I get the guiding principles and ethics that form the foundation of my business.

“If someone forces you to go one mile, go with him two.” – Matthew 5:41

If a client asks me for a good deal, I’ll find him a great deal.
If a friend needs advice, they’ll get the best council I have to offer.
If a stranger needs a hand, I’ll give him both.

That’s the kind of service we offer around here.

Couple that service commitment with excellent market knowledge and painstaking attention to detail and you’ve got a REALTOR you can trust to protect your best interests and save you time, stress, and money. Sounds good right?

For more information about my unique take on customer service, visit http://kenny.thesilvagroup.net.

Open House Today, Sunday April 18th!!!

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Open House Sunday April 18th 2-4 PM

This stunning all-brick Frank Batson home is a must see. Features include an award-winning floor plan with all of the upgrades, not to mention hardwood flooring and Berber carpeting throughout. The largest lot in the neighborhood is highlighted with beautiful landscaping and priced to sell. Come and visit us today!