I absolutely can not believe we are staring right square in the face of Fall. Though this has been a challenging year for the real estate market, time marches forward. The kids are back in school, lawns continue to get mowed, flu shots come and go, and now we’re just two months from the first-time home buyers tax credit deadline!
In LaVergne, there are still many wonderful homes available for under $120,000. Incredibly there are also many under $100,000!!! Smyrna’s market is a little tighter, but there are definitely homes to be found at those very affordable prices.
In fact, all of middle Tennessee has fared very well through this housing downturn. Yes, sales are slower. However, when a home is in good condition and priced right, it WILL sell! I’ve already experienced several sales where we’ve had to compete in a multiple offer situation! Sometimes my buyers refuse to step up and miss out on the house because they think that all prices should be low now, but other buyers have been willing to offer a little more and get a house they love – for a price that’s still fair!
When I bought my homes, I always asked myself “How badly do you want this home?” If I could live without it, I’d bid low and let it pass. If it was one that I adored, I’d find a way to buy it!
Here’s a secret that is an effective negotiating strategy when you’re buying a house and know there’s competition:
Write on the offer that you will pay $1000 more than the highest offer, not to exceed X amount (the top amount you’re willing to pay). Make sure you ask for proof of the highest price – and yes the listing agent CAN show you the other offer with permission from the seller.
If you’re interested in buying or selling in this market, please feel welcome to contact me and I’ll gladly tour your home and/or show you new ones!
Here’s one of my listings in the Donelson area:

The list price is $175,000, three bedrooms, two baths, an office, and an unbelievable backyard and deck area!