Brentwood TN Real Estate
Mortgage bond prices fell slightly applying upward pressure on mortgage interest rates. Trading remains extremely volatile. Inflation fears were fanned once again as oil prices moved into uncharted territory. Bonds found some support when the Dow Jones index fell 358 points to 2008 lows on Thursday. The Federal Reserve, expressing growing concern about inflation, brought a halt to its aggressive campaign of interest rate cuts. For the week, interest rates on government and conventional loans rose by 1/8th of a discount point.
The employment report to be released Thursday will be the most important event this week. The bond market will close early Thursday afternoon ahead of the Independence Holiday Friday. This shortened trading day may lead to market volatility as traders position themselves ahead of the extended holiday weekend.
Economic Factors |
Economic Indicator | Release Date Time | Consensus Estimate | Analysis |
Construction Spending | Tuesday, July 1, 2008 | Down 0.6% | Low importance. An indication of economic strength. A significant decrease may lead to lower rates. |
ISM Index | Tuesday, July 1, 2008 | Unchanged | Important. A measure of manufacturer sentiment. A larger decline may lead to lower mortgage rates. |
ADP Employment | Wednesday, July 2, 2008 | Up 28k | Important. An increase in unemployment may bring lower rates. |
Factory Orders | Wednesday, July 2, 2008 | Up 0.6% | Important. A measure of manufacturing sector strength. A larger decrease may lead to lower rates. |
Employment | Thursday, July 3, 2008 | Unemp # 5.4%, Jobs down 50k | Very important. An increase in unemployment or a large decrease in payrolls may bring lower rates. |
Independence Holiday | Friday, July 4, 2008 | None | Important. Bond market closed. Shortened trading week may lead to mortgage interest rate volatility. |
Economic Weakness
The Federal Reserve has turned away from stimulating the economy to a real concern regarding inflation. Many analysts predict Fed rate increases are on the horizon.
If future data shows signs of inflationary pressures increasing the Fed may be forced to raise rates. How that will affect mortgage interest rates is debated, but an inflationary environment is generally not good for debt instruments. Some argue that rates would more than likely spike in the short term but over the course of time could improve.
The fact of the matter remains that trading continues to be data and psychologically driven. There are numerous economic releases this week that have the potential to result in mortgage interest rate volatility. Remember, floating in front of the releases can often be risky. If the data shows signs of economic slowdown mortgage interest rates may improve. However, signs of economic strength or inflation could cause a spike in mortgage interest rates. A cautious approach to float/lock decisions remains necessary to take advantage of mortgage interest rates at the current favorable levels.
*Courtesy Tonya Esqubel, WR Starkey Mortgage, Franklin TN*
Permission to re-publish. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
Vanessa Stalets
Brentwood TN Homes
RE/MAX Elite
615-661-4400
Perfect 10 Renovation
• 833 sq. ft., 1 bath, 2 bdrm single story "2nd floor end unit" - 
MLS® $113,500 - High Class For Low Cost
Downtown Franklin, Franklin TN - 2bedroom/1 bath end unit condo,833 sq. ft. totally renovated from the studs out! Walk to down town Franklin, grocery, dining and entertainment! Gorgeous hardwoods through out with beautiful custom tile in kitchen and bathroom! Crown moulding through out, extra wide baseboards, wainscoting in living room, dining and hallways. Kitchen features GE Profile stainless steel appliances, custom tile counters and back splash, under mount cabinet lighting and more! Living room also boasts a cozy fireplace with built in wiring for your flat screen T.V! Both bedrooms with California custom closets, Master is cherry! Central heat and air as well as central vacuum! Full bath is tile and intricate crown moulding, antiqued bronze faucets and shower head add old time elegance. Designer paint is classy and neutral. Only Balcony that has slate tile and ceiling fan for those lazy summer nights! This is style and class at a rock bottom price! For what you pay to rent you could own this incredible condo in one of Williamson Counties best school districts, hurry this gem won't last long!
Property information
Vanessa Stalets
Brentwood TN Homes For Sale
RE/MAX Elite 615-661-4400
Downtown Franklin, Franklin - Announcing 613 Hillsboro Rd #D22, a 833 sq. ft., 1 bath, 2 bdrm single story "2nd floor end unit". MLS®993779
$113,500 - High Class For Low Cost.
Vanessa Stalets 615-957-6333
Franklin TN Homes
RE/MAX Elite
615-661-4400
Property information
 | Condominium | MLS No. 993779 |
| Status Active | Area 10 | List Price $113,500 |
| Type Other | Er/Ea Exc. Right to Sell | Media  |
| Address 613 HILLSBORO RD #D-22 | City Franklin | Zip 37064 |
| County Williamson | Sub/Dev EXECUTIVE HOUSE | Unit D-22 |
| Tax ID | Deed Book/Page | MLS Map |
| Directions I- 65 SOUTH TO COOL SPRINGS BLVD. WEST, RIGHT ON MACK HATCHER, LEFT ON HILLSBORO RD. PAST FRANKLIN HIGH ON LEFT, EXECUTIVE HOUSE CONDOS ON RIGHT. 3RD DRIVEWAY IS JUST BEFORE WENDY'S. BUILDING D IS AROUND BACK OF COMPLEX. 2 ND FLOOR END UNIT ON RIGHT.D-22 |
|
| Style Contemporary | Stories 1.00 | Year Built 1963 / Renovated |
| Unit Loc End | Total Rooms 5 | Floors Finished Wood / Tile / |
| Vert Location Upstairs | Constr All Brick / Vinyl | Completion |
| Driveway Blacktop | Poss. Negotiable | Parking 2 / Unassigned |
| Assoc Fee $165 /mo | Waterfront No Dock / | MailBox Mailbox |
| Assoc Includes Exterior Maintenance / Grounds Maintenance / Insurance / Water / | Basement None / |
|
| Liv 21X13 / Fireplace | Rec / | Bed 1 13X11 / Ex. Lg. Closet |
| Din / | Hobby / | Bed 2 11X11 / Ex. Lg. Closet |
| Kit 11X8 / Country | Other / | Bed 3 |
| Den / | Other / | Bed 4 |
| Bedrooms | Full Baths | Half Baths | Finished Square Feet (est) |
| Main | 2 | 1 | 0 | Main | 833 | Est. SqFt. Source |
| Other | 0 | 0 | 0 | Second | | Prior Appraisal |
| Total | 2 | 1 | 0 | Basement | | Total | 833 |
|
| Show Call Showing Center | Owner Name | Open House |
| Agent Vanessa Stalets (Ph: (615)957-6333) | CoList Agent (Ph: ) |
| Listing Office RE/MAX Elite (Ph: (615) 661-4400) | CoList Office (Ph: ) |
| Appt Phone (615) 850-4300 | Subagency 0 | Buyer Broker 3% | Facilitator 3% |
| Remarks: A PERFECT 10 RENOVATION~BLOCKS FROM DWN TWN FRANKLIN~SAVE GAS, WALK TO DINING, SHOPPING,ENTERTAINMENT~NO CARPET~ FLOORS HARDWOOD/TILE ~EVERY UPGRADE~NICEST UNIT IN COMPLEX ! $113,500~ FRANKLIN~UNBEATABLE! ~HIGH CLASS~LOW COST! WHY RENT? ~MUST SEE~HURRY! |
|
| Appliances | Interior Features | Exterior Features | Restrictions |
| Range Cooktop / Electric | Firepl 1 | Handicap Access | Ext. Alterations No |
| Oven Single Oven / Electric | Drapes All Remain | Amenities Laundry Facilities | Pet Restrictions Yes |
| | Security | | -->Renting Permitted Yes |
| Other Disposal / Ice Maker / Refrigerator / Microwave / Dishwasher / | Other Ceiling Fan / Central Vacuum / Redecorated / Smoke Alarm / | Other Balcony / Entry Foyer / Cable TV / | Trailers Permitted No |
| | --> | --> | -->Other Restrictions Other |
|
| Existing | | Assumable No | Non-Qualifying No | Taxes $384 | | |
| New | | Owner No | FHA Yes | VA | Conv Yes | Other CASH |
| Photo None | List Date Jun 23 2008 | Poss Negotiable |
| Realtor Remarks: RENOVATED STUDS OUT! ONLY UNIT W/ SLATE TILE BALCONY~ALSO HAS FIREPLACE, CENTRAL HVAC, CENTRAL VAC.! GE PROFILE APPL'S~HRDWD'S&TILE! CROWN THRU-OUT~SHOW & SELL! BUYER/AGENT TO VERIFY SQ.FT~TAXES~SCHOOLS~ALL INFO. DEEMED CORRECT/NOT GUARANTEED |
|
| Sales Agent | Co-Sales Agent | Days On Mkt 0 |
| Sales Office | Co-Sales Office | Presale |
| Seller Participation | Closing Date | Orig. List Price $113,500 |
| Terms | Pending Date | Sales Price |
Brentwood TN Homes
Mortgage bond prices rose pushing mortgage interest rates lower. Inflation fears were tamed a bit the early portion of the week as the core producer price index came in exactly as expected. Oil prices remained volatile, but did not push significantly higher. Stocks took a beating, which helped bonds post some nice gains. The DOW dropped below 12,000.
For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.
The Fed meeting Tuesday and Wednesday will be the most important event this week. There is an abundance of other data that may also move the market. Expect oil prices to continue to factor into trading, as inflation fears remain.
Economic Factors |
Economic Indicator | Release Date Time | Consensus Estimate | Analysis |
Consumer Confidence | Tuesday, June 24, 2008 | 57.0 | Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates. |
Durable Goods Orders | Wednesday, June 25, 2008 | Unchanged | Important. An indication of the demand for |
New Home Sales | Wednesday, June 25, 2008 | Down 3.0% | Important. An indication of economic strength and credit demand. Weakness may lead to lower rates. |
Fed Meeting Adjourns | Wednesday, June 25, 2008 | No change | Important. Few expect the Fed to change rates, but some volatility may surround the adjournment of this meeting. |
Existing Home Sales | Thursday, June 26, 2008 | Up 1.4% | Low importance. An indication of mortgage credit demand. Significant weakness may lead to lower rates. |
5-year Treasury Note Auction | Thursday, June 26, 2008 | None | Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates. |
Personal Income and Outlays | Friday, June 27, 2008 | Income up 0.4%, Outlays up 0.7% | Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates. |
PCE Core Inflation | Friday, June 27, 2008 | Up 0.2% | Important. A measure of price increases for all domestic personal consumption. Weaker figure may help rates improve. |
Relevant Data
This week brings significant data. However, the results of some of the releases may be muted a bit considering they take place after the Fed meeting adjourns Wednesday. Nonetheless, the inflation release still has the potential to result in market swings so caution is the key.
Remember that market sentiment can turn very quickly as has been evident of late. Mortgage bonds could see some volatility ahead of the Fed announcement. It is a safe bet that nobody wants to get caught behind the market if it does make a huge correction following the release. The Fed will set the tone for trading the remainder of the week. If the Fed notes even more concern than they already have regarding inflation, then expect volatility heading into the inflation release. If the pce shows inflation pressures, it is likely that bonds will see sharp declines resulting in additional spikes in mortgage interest rates. The risks associated with floating ahead of this week's Fed meeting are high.
*Courtesy Tonya Esquibel WR Starkey Mortgage, Franklin TN*
Permission to re-publish
Vanessa Stalets
Brentwood TN Real Estate
RE/MAX Elite
615-957-6333/615-661-4400
The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
Brentwood TN Homes
Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned once again by Fed Chairman Bernanke with warnings that the Fed may have to begin raising rates sooner than most analysts expected. Stronger than expected retail sales figures piled on an already battered mortgage bond market pushing bond prices lower and rates higher. Oil prices remained volatile, which continued to fan inflation fears. For the week, interest rates on government and conventional loans rose over a full discount point.
The producer price index Tuesday will be the most important event this week. Housing starts, industrial production, capacity use, and leading economic indicators data may also move the market. Expect oil and stocks to continue to factor into trading, as inflation fears remain.
Economic Factors |
Economic Indicator | Release Date Time | Consensus Estimate | Analysis |
Producer Price Index | Tuesday, June 17, 2008 | Up 1.0%, Core up 0.2% | Important. An indication of inflationary pressures at the producer level. Decreases may lead to lower rates. |
Housing Starts | Tuesday, June 17, 2008 | Down 5.1% | Important. A measure of housing sector strength. Larger than expected decreases may lead to lower rates. |
Industrial Production | Tuesday, June 17, 2008 | Up 0.1% | Important. A measure of manufacturing sector strength. A lower than expected increase may lead to lower rates. |
Capacity Utilization | Tuesday, June 17, 2008 | 79.7% | Important. A figure above 85% is viewed as inflationary. A decrease may lead to lower mortgage interest rates. |
Leading Economic Indicators | Thursday, June 19, 2008 | Unchanged | Important. An indication of future economic activity. Weakness may lead to lower rates. |
Philadelphia Fed Survey | Thursday, June 19, 2008 | None | Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates. |
Weather
The mortgage interest rate markets are subject to an enormous number of factors. Most analysts agree that weather can have an effect on market activity. Although the effects are seldom long lasting, they can be quite significant.
The United States is the world's largest exporter of corn. Relatively rainy weather recently across the Midwest portions of the United States has delayed planting of corn. This caused corn prices to escalate. Wheat and other staples are also in high demand amid reduced supply, causing prices to rise. Couple these factors with rising energy costs and the picture does not look pretty. Higher commodity prices result in heightened inflationary fears. Many analysts predict the food price increases already seen most everywhere will continue.
.*Courtesy of Tonya Esquibel, WR Starkey Mortgage Franklin TN* permission to re-publish.
The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
Vanessa Stalets
Brentwood TN Real Estate
RE/MAX Elite 615-661-4400
|
Planting A New Garden - Brentwood TN Real Estate and HomesCreating your own Brentwood TN Home garden from the very beginning can be an exciting project. However, if you think that you will have the last say as to what happens nature may disagree with you. To maintain your sanity you will need to work in harmony with nature. Planning and preparation will make all the difference in the success of your garden. It��s easy to dig up some soil and throw some plants in the ground. It is another thing altogether to create a healthy, vibrant garden.
What to Grow?
First you need to consider the location of your garden and the kinds of plants that can grow under the existing conditions. Brentwood TN tends to have a good amount of moisture.There are three main factors that influence what can grow in a given location; sunlight, soil composition and soil moisture. While you can somewhat manipulate soil composition and moisture, you certainly can not influence the sunlight. You will need to have a good idea of the amount of sunlight that will reach the garden. Don’t forget to take into account those areas of the garden that are partially or fully shaded, such as spots on the north side of your Brentwood TN Home or under a large tree. You will need the appropriate plants in the appropriate areas.
Soil
You will need to determine the composition of the soil in your Brentwood TN garden. An ideal garden soil is made up of 40% sand, 40% silt and 20% clay. There are several easy ways to determine the make up of your soil. One to try is to put a couple cups of your soil in a large jar that is half filled with water. Stir up the solution until all of the soil is in suspension. Let it settle over night and the next day you should see three layers of soil; sand, then silt then clay at the top. You can then tell the rough percentage of each type.
Improving soil conditions
Adding organic matter is the best way to improve the composition of your Brentwood TN Homes soil. If the soil is sandy or silty add a combination of topsoil and peat moss (always moisten peat moss before adding it to your soil.) If there is too much clay, add the peat moss with some sand. You can also try using compost in replacement of peat moss, and be sure to never add sand directly to your soil. Sand should only be added in combination with organic matter.
Moisture
Of course soil moisture is dependent on the climate of your area, but there can still be variations in your yard. If you are at the bottom of a hill, for example, your garden may stay wet for long periods. It’s best (and easiest) to use plants that like a lot of water. On the other hand, if the area is very dry, it may be tougher than you think to compensate by frequent watering. Choosing plants that are happy in dry climates will make your life much simpler.
The bottom line is that although you can compensate somewhat for your existing garden conditions, it can be a lot more rewarding to work with the natural conditions. Planting the appropriate plants for the given environment will save you time, money and pain. Visit my web site Brentwood TN Real Estate for information on Brentwood or any TN homes!
| Sincerely, |
Vanessa Stalets |
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 | | | RE/MAX Elite | | | | Vanessa Stalets | | Email Vanessa | | | | Phone: | 615-661-4400 | | Cell: | 615-957-6333 | | Fax: | 615-837-9502 |
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Brentwood TN Homes
Interest rates are in the news again this morning, as members of the Fed weigh in on whether to hike rates to ease inflation concerns. Last night, Federal Reserve Chairman Ben Bernanke suggested that the Fed is in no hurry to hike rates because of "slack" in the economy, which can lower inflation.
Some experts disagree with Bernanke’s position--arguing that a rate hike would help strengthen the US Dollar, drop oil prices closer to $100 per barrel, ease inflation pressure and, as a result, lower mortgage rates. I’ll be keeping a close eye on this issue as it develops to see if the idea of a hike gains momentum with Fed members.
Rates rose slightly by the end of business today.
Stay tuned to Brentwood TN Real Estate blog for further updates and news on changes.
*Information courtesy Tonya Esquibel, WR Starkey Mortgage, Brentwood/Franklin, TN*
Permission to re-publish
The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
Vanessa Stalets
Brentwood TN Real Estate
RE/MAX Elite
615-661-4400
How to Sell Brentwood TN Homes in a Changing Market
Part 1; Sentiment does Not Increase the Value of your home!
The first step in selling your Brentwood, Franklin or Nashville TN home is letting go and pricing right! This may sound strange to you. Let go of what? Selling your home is always an emotional experience, regardless of the reason you are selling, be it a job relocation, upsizing, down sizing or a change in family circumstances, you are emotionally attached to your home. The home improvements you put your blood, sweat and tears into as well as your hard earned money. The fabulous neighbors who have become like family over the years, memories of children’s accomplishments and laughter echo through the halls of your memories and your home. All of these can translate into what you consider the value of your home. However, a buyer will not pay more than fair market value simply because you worked hard on and loved your home and they may not be interested in being best friends with your neighbors, the flower beds you slaved over and babied may look like extra work to a buyer who will tear them out and plant hedges. It is not personal, just business. Sentimentality does not increase the value of your home. You must detach as much as possible emotionally when considering price. Would you expect a local TN bank to give you more than a $1bill for a $1 coin because you have had it a long time and the person who gave it to you was dear to you?
Detaching yourself from your own sentimental view of your home is essential; you must look at it from a stranger’s view. The market value of your home is only what a buyer is willing to pay for it and they will not pay extra for your memories. Your REALTOR® will be able to help guide you in what the current market value is, based on the current and most recent sales numbers for homes in Brentwood, Franklin or Nashville TN that are comparable in size, amenities, construction type, yr built, location and lot size. You may understandably feel that you are entitled to a price that includes your original purchase price, any payments made since, interest and any monies spent on repairs or renovations. The truth is that in a buyers market especially, but even in a sellers market, this sometimes does not happen. Why? Well first, a bank will only lend the amount an appraiser feels a home is worth and an appraiser may not assign the same value to certain upgrades that you spent when purchasing them. Some upgrades will make no difference in an appraisal at all. Second, a buyer may not like the custom paint job you spent thousands for and take the amount needed to re-paint off the offer amount. While the Granite counters you had installed look fabulous, they will not equalize the fact that your roof is nearing the end of its estimated life span or that your HVAC is older and will need to be replaced in the near future. Understanding that reasonable expectations are key to the successful sale of your home will help you price your TN home in such a way that it will sell faster for more in the long run.
The single biggest mistake a seller can make, especially in the current market, is to price too high in the beginning with the thought that you can always lower the price later or a buyer can make an offer and negotiate. No home owner wants to sell their home for less than they can get and that is the fear most often responsible for over pricing, however, over pricing initially can have hard consequences. For example; a higher initial price will keep many buyers and agents from ever knowing about your TN home. Agents and consumers alike do home searches most often on the web or local MLS site and the first and foremost parameter is …PRICE. If your Brentwood TN homes price is not within the parameter they set for the search they will never see it and with so many homes on the market they have no reason to search you out. A buyer must see it to buy it. Next is the home that started high and has lowered the price after 30 or more days on the real estate market. The first 2wks are the critical period for selling your Brentwood/ Nashville home. This is the time when the most buyers and agents will see it. Once they have either not seen it due to price or have rejected it due to price you will most likely not get them back. You only get one shot at a first impression!
The longer your home sits on the market accumulating days the more the perception of value decreases in the consumers mind. They think something must be wrong with the home or that the seller will be getting desperate and accept a lower offer than they would have put in if the home was priced right to begin with. The first and most important part of selling your Brentwood or Franklin TN home is pricing it correctly without emotion and based on actual market numbers! That is why a REALTOR® is such an important part of this process, I have no emotional attachment to your home and I am an expert in your TN real estate market with the knowledge and skill to find the comparative market price and help you sell. Trust your REALTOR®, be reasonable and sell your home sooner rather than later!
Call or email me now to find out how I can help you sell your Brentwood TN/Nashville TN home faster and for more! Ask about the 275+ web sites my listings are advertised on! The most coverage in TN!
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Vanessa Stalets
Brentwood TN Homes
RE/MAX Elite
615-661-4400
© Vanessa Stalets 2008
Brentwood TN Real Estate
Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned by Fed Chairman Bernanke's comments indicating "longer-term inflation expectations have risen in recent months, which is a significant concern for the Federal Reserve." Oil prices retreated to near $122 per barrel the early portion of the week only to bounce higher Friday with prices around $138 per barrel.
For the week, interest rates on government and conventional loans rose by about 1/2 of a discount point.
The consumer price index Friday will be the most important event this week. Trade data and retail sales may also move the market. Expect oil and stocks to continue to factor into trading, as inflation fears remain a concern.
Economic Factors |
Economic Indicator | Release Date Time | Consensus Estimate | Analysis |
Trade Data | Tuesday, June 10, 2008 | $59.5 billion deficit | Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates. |
Fed "Beige Book" | Wednesday, June 11, 2008 | None | Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates. |
Retail Sales | Thursday, June 12, 2008 | Up 0.6% | Important. A measure of consumer demand. A smaller than expected increase may lead to lower mortgage rates. |
Business Inventories | Thursday, June 12, 2008 | Up 0.4% | Low importance. An indication of stored-up capacity. A significantly larger increase may lead to lower rates. |
Consumer Price Index | Friday, June 13, 2008 | Up 0.5%, Core up 0.2% | Important. A measure of inflation at the consumer level. Lower than expected increases may lead to lower rates. |
U of Michigan Consumer Sentiment | Friday, June 13, 2008 | 57.5 | Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates. |
Business Inventories
The report on business inventories basically gives a broader look at the durable goods, factory orders, and retail sales reports. Not only is this report an important part of the investment component of the GDP, but it also provides additional evidence about the economy in the upcoming months. Changes in business inventories slow as the economy approaches a peak, and rise as the economy approaches the trough of a recession. Therefore the change in business inventories is a leading indicator of GDP. The data for this report, which are published by the Department of Commerce's Census Bureau, comes from a monthly survey of inventories, orders, and manufacturers' shipments, in addition to the merchant wholesalers and reta