Ben Jordan Real Estate

Ben Jordan Real Estate Experienced real estate pro with 16 years of real estate, mortgage and consulting experience in the

08/10/2024

Part Two: Of the old neighborhood walk thru tour.

08/10/2024

Part One, of my walk thru tour of a nicely updated house in the a neighborhood I spent tons of days in as a kid. Ashley Exum with EXP Realty is the listing agent. If you want to do a conversion, renovation, update, contact me because I know some folk. 615-934-7248 BJ.

03/12/2024

Playa Del Carmen

Important stuff.  Great start to the real conversation.
02/08/2024

Important stuff. Great start to the real conversation.

Councilmembers file bills aimed at encouraging more types of housing

02/07/2024

According to Forbes, you'll want to be mindful of the following: Mortgage Rates: In 2024, mortgage rates are expected to remain elevated, but there might be some relief compared to 2023. The average 30-year fixed rate is currently around 6.69%1. While this is still high, it’s an improvement from previous months.
Home Prices: Home prices have been stubbornly high, making it challenging for many first-time buyers. In 2023, median home prices were above $400,0001. However, experts predict that in certain areas, prices may soften in 2024. So, there’s hope for more affordable options.
Federal Reserve and Interest Rates: Economists believe that the Federal Reserve won’t continue raising interest rates to combat inflation. This indirectly affects mortgage rates. However, affordability challenges will persist, especially due to pent-up demand and low inventory.
Inventory: To improve affordability, we need more homes available for sale. If inventory increases, it could ease the upward pressure on prices. Currently, resale inventory is low, with only a 3.5-month supply1.
In summary, while 2024 won’t be the perfect year for homebuyers, there’s a chance for some relief. Keep an eye on local market trends and consider seeking professional advice when making real estate decisions. 🏡 Call me at 615-934-7248 with your questions.

01/16/2024

House photos, infographics, and listing agent details for 1255 N Avondale Cir, Nashville, TN, 37207. This home is priced at $675000, with 3 beds, 3 baths, and 2228 sqft.

01/16/2024

Should you remodel before selling your home?

If you’re planning to sell your home, several home improvements can increase its value and attract potential buyers. According to research commissioned by Zillow and conducted by The Harris Poll in November 2022, 65% of sellers who have sold a home within the past two years take on at least two home improvement projects to prepare their home for sale1. Here are some of the best home improvements to make before selling your home:

Garage door replacement: Replacing your garage door is a relatively low-cost improvement that can significantly increase your home’s curb appeal. It has a resale value of $4,418, which is a 102.7% return on your investment1.
Manufactured stone veneer: Adding a manufactured stone veneer to your home’s exterior can give it a modern look and increase its value. It has a resale value of $11,177, which is a 102.3% return on your investment1.
Entry door replacement (steel): Replacing your front door with a steel one can improve your home’s security and energy efficiency. It has a resale value of $2,235, which is a 100.9% return on your investment1.
Siding replacement (vinyl): Replacing your home’s siding with vinyl can give it a fresh look and increase its energy efficiency. It has a resale value of $15,485, which is a 94.7% return on your investment1.
Minor kitchen remodel (midrange): A minor kitchen remodel can include replacing cabinet fronts, countertops, and appliances. It has a resale value of $22,963, which is an 85.7% return on your investment1.
It’s important to note that not all home improvement projects are created equal. It’s best to make home improvements that serve your current functional needs as well as appeal to future buyers. Additionally, a well-maintained home can sell for about 10% more than a similar home in average condition1. So, it’s a good idea to make sure your home is in good condition before listing it for sale.

I hope this helps! Call me to talk about it, I'm here to help. 615-934-7248

01/15/2024

Here are ten things that homebuyers coming to buy homes in the Nashville, TN market should know before buying a home:

Get pre-approved for a mortgage: Before you start looking for a home, it’s important to get pre-approved for a mortgage. This will help you understand how much you can afford and make the home-buying process smoother.

Hire a real estate agent: A good real estate agent can help you find the right home, negotiate the price, and guide you through the home-buying process.

Research the neighborhood: Research the neighborhood where you want to buy a home. Look at the crime rate, schools, and other amenities to make sure it’s the right fit for you.

Get a home inspection: A home inspection can help you identify any issues with the home before you buy it. This can save you money in the long run.

Understand the closing costs: Closing costs can add up quickly. Make sure you understand what they are and how much you’ll be expected to pay.

Consider the resale value: Even if you’re not planning on selling your home anytime soon, it’s important to consider the resale value. This can help you make a better investment.

Get homeowner’s insurance: Homeowner’s insurance can protect you in case of damage to your home. Make sure you have the right coverage.

Know the property taxes: Property taxes can vary depending on where you live. Make sure you know how much you’ll be expected to pay.

Get a home warranty: A home warranty can help you cover the cost of repairs or replacements for major appliances and systems in your home.

Be patient: Buying a home can be a long process. Be patient and don’t rush into anything.

I hope these tips help you make an informed decision when buying a home in the Nashville, TN market. Let me know if you have any other questions! Call me at 615-934-7248

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1011 5th Street
Nashville, TN
37207

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+16159347248

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