Anthony Mancini - Nashville Real Estate

06/07/2024

For an individual, the tax exemption would bump up from $250,000 to $500,000, and for a married couple, it would change from $500,000 to $1 million.

05/24/2024

“Don’t wait to buy real estate, buy real estate and wait.” - Will Rogers

It’s a tough time in history to be a first time homebuyer. Seems to be a tough time in history all around. Every generation sees hardships but this current first time homebuyer generation has seen more than its fair share. The pandemic shifted literally everything. Interest rate drops put in place to spur a recessed new economy made loans more affordable at the cost of inflating housing prices. Post-pandemic has seen rates recover to “average” heights but with those same inflated housing prices, making minimum mortgage payments difficult to carry for most first time buyers. Throughout all of that remains one constant; housing prices rarely, if ever, go down. In fact, they go up, level off and then go up again. That’s why it’s important to “get in” whenever, however you can. There is no greater wealth generator for the average person than real estate. But the only way to start is to be in the game. From there you can begin your journey, but you have to be “in”. When is the right time to buy? As soon as you can. That’s not a sales pitch, that’s objective truth. History proves the longer you wait, the more you’ll pay and the less time you’ll have to build security and wealth. Let me show you how you can capitalize on what is available *right now* at this time in history!

10/06/2023

“Real Estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” - Franklin D. Roosevelt

📍748 Maylene Dr Madison TN, 37115
MLS # 2527049

10/06/2023

Excited for my clients in Hermitage! It certainly didn’t take long to get this 2bd/2.5ba Townhouse 15 minutes from downtown Nashville under contract! There’s nothing better than negotiating a deal where both the seller and the buyer feel like they’re getting a steal. My seller is cashing in on their investment, and the buyer is getting an incredible new home in a high-demand area. Wins all around 💪🏻

📍1435 Riverbrook Dr, Hermitage TN 37076
MLS #2564678

06/28/2023

Under Contract!!🌟

After 22 days on the market my clients have accepted an offer!

The housing market has been on a rollercoaster ride these past couple years. Rising interest rates and record inflation changed the game in a few ways. Two years ago we were in a full sellers market. A buyer would have to bend over backwards to a seller to make their offer appealing, often times having to be very much over asking and appraised value. Lower rates meant a buyer could afford more home, but at the cost of carrying a much larger loan. Consequently the market became flooded with buyers with very little inventory, and competition became unreasonable.

This past year has seen interest rates rise dramatically, but a smart investor will see the upside to this new market. Buyers are now able to find great deals on homes, at much lower prices than previous years. Sellers at this time are forced to lower expectations, however are still seeing incredible return on investment, and sellers are buyers too! Now is a GREAT time to buy! You'll have a hard time finding better conditions to buy low than right now. If youve owned your home for a decent amount of time, you can still sell at incredible rates of ROI while being able to afford more home given the lower cost of homes relative to where they've been. Now is the time to buy before the rates come down and prices go back up!! There are also great ways to keep monthly mortgage costs down while we are in this point in the rollercoaster ride by buying down your rate for a year or two and refinancing when the rates come back down. Don't put off buying or selling for lower rates! You'll only end up over-paying in the long run! Message me and lets get to work!

06/13/2023

06/02/2023

Check out this GEM of a 3 bedroom 2/1 Bath in the highly desirable Cumberland Bend subdivision. This fantastic home features a covered front porch AND massive back patio with a privately fenced in back yard perfect for pets and entertaining. The interior touts an open floorplan with fresh hardwood floors and a HUGE living room with vaulted ceilings. The kitchen is equipped with granite countertops, white cabinets and a dedicated pantry. Perfect first floor Master suite, two upstairs bedrooms and huge bonus room! Showings begin this weekend!

📍 748 Maylene Dr
Madison TN, 37115
MLS # 2527049

03/09/2023

Trivia!

What was the highest interest rate in American history?
(The answer is at the bottom of this post)

Where are we at now? 7.13%

Interest rates are high, and theyre about to go even higher per the Fed. With less buyers able to borrow, already high rents are about to 🚀. The hard truth is that the interest rate on paying rent is 100%.

So many will wait - possibly years - for the interest rates to come down. However, there is no real way to know when they will come down. The longer you wait the higher the rate may become. Many people who decided to wait when rates hit 5% regret waiting until now to buy. The key is to have an experienced Realtor who knows how to use what is happening in the market to your advantage.

Did you know there are ways to:

- Obtain financing with low credit
- Obtain a home with little to no down payment
- Buy down interest rates with discount points
- Reduce or even eliminate closing costs

Please feel free to message me here, call, email, text...whatever you want to do if you have any questions or just want to start planning for your next step. I would be happy to help!

Answer: 18.45%!!! - October of 1981
(also record for highest annual average interest rate 16.63%)

01/12/2023

New construction numbers in Middle Tennessee reflect a slow down in production. Typically that would coincide with a rise in home prices, however the recent cool down in the market as a whole is keeping the purchase prices relatively level while home builders continue to complete the homes they started building prior to the cool down.

- Housing Permits have declined, and are 22.4% lower than this time last year.
- New builds slid 0.5% to 1.43M annualized units, 16.4% below last year
- Completed homes rose 10.8%, 6% above last year at this time.
- First time home buyers dropped to an all-time low (26% of home buyers) and an all-time age average of home buyer (36 years old) was set in November.
- New home supply remains healthy, but come off the market relatively quickly at an average of 1.9 months.

As always, feel free to add any thoughts or comments below! I'm always available to answer your questions or just talk real estate!

01/06/2023

::MARKET UPDATE::

This year I've set a goal for myself to post to social media more regularly to provide useful, insightful information that you can actually use. I also would love to answer any questions anyone may have, so feel free to post your thoughts in the comments or send me a direct message! Let's have a big 2023.💪🎉

The amount of active listings in Middle Tennessee is steadily rising relative to the amount of closings. Buyers have more options to select from than at any point in recent memory. The main reason for this isn't that there's more new listings than average, but that listings are staying on the market longer than in the past. The result of this is a balancing of power between buyer and seller. Anyone who has been in the market these past few years can tell you how much leverage sellers have had over buyers, and how few concessions (essentially zero) sellers had to give up to sell. Today, the scales are as close to level as I have ever seen them. For the first time in many years, both sides of the transaction are on equal ground, which makes for a very healthy market and a great time to buy or sell.

Here are the numbers:

- Active listings are hovering around 766K homes, up 18.2% from last year, which marks the biggest annual increase since 2015.
- New listings for sale are actually down -25% from the same period last year.
- Homes typically stay on the market for ~40 days before going under contract, more than 2x the record low of 18 days set in May 2022 and the slowest pace since January 2021.
- The average sale to list ratio hit 98.1%, anything below 100% means that the home seller isn’t getting what they originally listed for.

In summary, this is actually a great time to be in the market on either side. For sellers, your home still has the value you have accrued over the past few very lucrative years. For buyers, not only are there more options, there is less competition. Buyers are now in a position to negotiate without giving up contingencies, ask for repairs, and even buy discount points at closing to drop interest rates, lowering monthly mortgage costs.

Please drop any of your thoughts, questions or suggestions for future discussion topics in the comments!