Questions to Ask About the Neighborhood

Questions to Ask About the Neighborhood

Where you live should reflect your lifestyle. These questions will help you find the best community for you.

Is it close to my favorite spots?

Make a list of activities you engage in and stores you visit frequently. See how far you would have to travel from each neighborhood you’re considering to engage in your most common activities.

Is it safe?

Contact the police department to obtain neighborhood crime statistics. Consider not only the number of crimes but also the type and trend. (Is crime going up or down?). Pay attention to see where in the neighborhood the crime is happening.

Is it economically stable?

Check with your local economic development office to see if household income and property values in the neighborhood are stable or rising. What is the ratio of owner-occupied homes to rentals? Apartments don’t necessarily diminish value, but they indicate a more transient population. Are there vacant businesses or homes that have been on the market for months? Check news sources to find out if new development is planned.

Is it a good investment?

Ask a local REALTOR® about price appreciation in the neighborhood. Although past performance is no guarantee of future results, this information may give you a sense of how a home’s value might grow. A REALTOR ® also may be able to tell you about planned developments or other changes coming to the neighborhood — such as a new school or highway — that might affect its value.

Do I like what I see?

Once you’ve narrowed your focus to two or three neighborhoods, go and get a feel for what it might be like to live there. Take notes: Are homes tidy and well maintained? Are streets bustling or quiet? How does it feel? Pick a pleasant day if you can, and chat with people working or playing outside.

What’s the school district like?

This is especially important if you have children, but it also can affect resale value. The local school district can probably provide information on test scores, class size, the percentage of students who attend college, and special enrichment programs. If you have school-age children, visit schools in neighborhoods you’re considering.

Find Houses and Condos
Find Houses and Condos

LUKE

 

The post Questions to Ask About the Neighborhood appeared first on Nechole Thompson.

What to Know About Credit Scores

What to Know About Credit Scores

Credit scores range between 200 and 850, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:

Your payment history.

Did you pay your credit card bills on time? Bankruptcy filing, liens, and collection activity also affect your history.

How much you owe and where.

If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, spreading debt among several accounts can help you avoid approaching the maximum on any individual credit line.

The length of your credit history.

In general, the longer an account has been open, the better.

How much new credit you have.

New credit—whether in the form of installment plans or new credit cards—is considered more risky, even if you pay down the debt promptly.

The types of credit you use.

Generally, it’s desirable to have more than one type of credit—such as installment loans, credit cards, and a mortgage.

http://www.nechole.nexthomemusiccity.com

 

 

LUKE

The post What to Know About Credit Scores appeared first on Nechole Thompson.

How to Prepare to Buy a Home

How to Prepare to Buy a Home

Talk to mortgage brokers.

Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely.

Be ready to move.

This is especially true in markets with a low inventory of homes for sale. It’s very common for home buyers to miss out on the first home they wish to purchase because they don’t act quickly enough. By the time they’ve made their decision, they may find that someone else has already purchased the house.

Find a trusted partner.

It’s absolutely vital that you find a real estate professional who understands your goals and who is ready and able to guide you through the home buying process.

Make a good offer.

Remember that your offer is very unlikely to be the only one on the table. Do what you can to ensure it’s appealing to a seller.

Factor maintenance and repair costs into your buying budget.

Even brand-new homes will require some work. Don’t leave yourself short and let your home deteriorate.

Think ahead.

It’s easy to get wrapped up in your present needs, but you should also think about reselling the home before you buy. The average first-time buyer expects to stay in a home for around 10 years, according to the National Association of REALTORS®’ 2013 Profile of Home Buyers and Sellers.

Develop your home/neighborhood wish list.

Prioritize these items from most important to least.

Select where you want to live.

Compile a list of three or four neighborhoods you’d like to live in, taking into account nearby schools, recreational facilities, area expansion plans, and safety.
Nechole Thompson
Realtor
NextHome Music City Realty
Cell:615-753-5616
Office:615-610-7105
nechole@mcreatlytn.com
www.nechole.nexthomemusiccity.com
Find Houses and Condos
Find Houses and Condos

LUKE

The post How to Prepare to Buy a Home appeared first on Nechole Thompson.

Why did I move?

Whether your moving across the street or a few states away, moving can be very stressful and I am here to take some of that stress away.

Middle Tennessee has become of the mega hot spots to relocate to and many of us “Nashvillians” can tell you why.  It’s the family friendly feel of living in a city, it’s the music, food and entertainment around every corner, but most of all it is the down home, good hearted people of Tennessee.

Now, if you are looking to relocate to Middle Tennessee, I can offer you a few pointers as just three years ago, my family and I moved to Tennessee from Florida.  Yes, many people asked me “Why would you leave Florida?” and my answer was I wanted seasons, the country feel and of course mountains.  Here is how I started my journey from relocating from Florida to Tennessee.

OpryWhere did I want to live?  While Nashville is the hub of Middle Tennessee, there are also many surrounding towns and cities located within just a 20-30 minute drive.  So I started with researching the different areas to live.  I asked myself and family what we were looking for in a new town.  Did we want the busy city life?  Small town country feel?  Or a nice town that is within driving distance to the city, but also offers great entertainment close by, so my family and I decided on Murfreesboro.  Now, one of my personal reasons on deciding on new city was the school district.  I spent hours and hours pouring over school reviews, school grades, location, etc.  I relied heavily on Greatschools.org for my research.  I also looked at Facebook for photos and comments regarding the different schools I was looking into.  For reference, at the time, both my children where in middle school.

Once we decided…  Once we finally decided Murfreesboro would be the place we would settle, luck would have it that my family and I were attending a wedding in Franklin just 25 mins away.  This was the perfect time for us to explore this new area we were thinking of moving to.  We drove around, visited the different shopping areas, neighborhoods and of course drove by the schools we were looking at to get a feel of the area.

Finding the right place… We enlisted the help of a local real estate agent in the area to help us navigate the home buying process.  As a licensed Realtor in the state of Florida, I was familiar with the process of course, but needed help on finding the right home in the right neighborhood.  We would get a list of homes in our price range within our school district and we would look at those homes and narrow them down.  During this time, my husband had relocated to Tennessee while I stayed back with our children to finish out the school year.  He would go and view the homes, Facetime me and take photos.  Finally we found a house!!!  It was perfect for our family, had a great yard and was within the school district we wanted.  It was perfect for us and we put in an offer.

Now comes the hard part (but not as hard as you think)  Now it was time to pack up the house and prepare to move.  It is difficult to pack up years of your life into boxes and move them states over, but I kept reminding myself we are moving towards a better future.  So, we packed up the house (took a little longer than usual, but we made do), hired a moving van and set off for Tennessee once the school year was over.

We have arrived!  We made it to Tennessee, closed on our house and started unpacking.  Our previous house was a 1200 square foot town home located on a teeny, tiny island in SW Florida, so moving into a larger home on a great family friendly street was just perfect.  Throughout the unpacking process, we made time to explore our new area.  We drove around the town, headed into Nashville and visited the other surrounding areas.  It was great to see all the new activities we would be able to do during our time here.

I love living in this area.  My family and I have got to experience so many great things in the past three years than we ever did in Florida.  So, since moving to Tennessee, here are some things I have done:

I am a HUGE hockey fan and of course, Nashville is home to the Predators so I immediately made them my home team.  I have been to more hockey games that I can count and got to witness history being made by watching the Predators become the Western Conference Champions and see the Stanley Cup Final.Preds

I have been to more concerts than I have EVER been to!  Everything from sold out crowds at Bridgestone Arena, to small venues with some of musics great legends.  I even got to see Garth Brooks receive his 7 Diamond award.

So, while relocating can feel like it will suck the life out of you, I am here to tell you it is not that bad.  With some planning, a helpful Real Estate Agent (me) and friends/family, you can make the move an easy one.

If you are looking to relocate or just looking to move period, call me at 615-624-1436 or send me an email at Tiffany@mcrealtytn.com

Tiffany2_preview

NextHome Music City Realty

615-624-1436

http://tiffany.nexthomemusiccity.com

 

 

 

The post Why did I move? appeared first on Tiffany Orsino.