Tag Archives: Ole South

Nashville New Homes: Soon it will be Christmas Day.

In a previous blog topic, it was revealed that Santa Claus works for Ole South and is feverishly building new homes just in time for the holidays.  Well, here is proof!

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Did you know that the average apartment rent within a 10-mile radius of downtown Nashville is $937 per month?  For those struck with disbelief, click this link.  http://www.rentjungle.com/average-rent-in-nashville-rent-trends/  

Now that you are a believer, guess what?  Ole South offers BRAND NEW homes with monthly payments less than that.  They are only 5 miles from downtown Nashville.   YOU can easily own one!

In the above gallery you will see new maintenance-free town homes under construction in Rivendell Woods of Cane Ridge, in southeast Davidson County.  First time buyers can  purchase one of these new homes with ‘ZERO DOWN for less than $800 per month, including taxes, insurance, and HOA maintenance fees, with approved credit of course.  If you ask nicely, all kitchen appliances are included too!  (We also have new town homes 3 miles away at Old Hickory Commons for less than $750 per month)  No this is not a trick folks….FIXED INTEREST RATES also! 

Think you would rather have a traditional neighborhood home with a 2-car garage?  We’ve got those too!  Each of the homes displayed above in the “picture gallery thing” can be yours for less than $1000/month, including taxes and insurance!  Don’t tell anyone, but we’ll include all of the kitchen appliances on these as well!

For those desiring an all-brick home in Williamson County, Santa and crew are building your dream home right now in Benevento East.  Buy now and choose your interior selections – or buy later and like what I like.  You make the choice!

If you are looking for a home in the Greater Nashville area, including Smyrna, Murfreesboro, and Spring Hill, you owe it to yourself to explore the benefits of buying a NEW home from Ole South, Tennessee’s #1 Home Builder.  You just might be “one-click” away from your new home!  www.OleSouth.com  

There are many good reasons to live in Nashville.  Now you’ve got reasons to call it home!   You can reach me  anytime by e-mail (tlewis@olesouth.com).

Trey Lewis is a licensed Real Estate Broker in the State of Tennessee with Ole South Realty, 615.896.0019  direct 615.593.6340.  Specializing in new home sales in the Greater Nashville area to include Nashville, Murfreesboro, Smyrna, and Spring Hill, Tennessee.

Nashville New Homes: Yes, there is a Santa Claus.

Job-loss and unemployment rates are real, but more importantly, we must focus on the fact that 90% of our working population continue to work.  The 90% have got to be encouraged to carry-on with life before this economy can turn around.  The only thing anyone gets from sitting on a fence is blisters.

News of the “impending moratorium” on home foreclosures is spreading the nation.   Those that are facing foreclosure on their home are being granted a temporary reprieve, and hopefully this reprieve will allow enough time for those affected to form a serious plan to get their future finances in order.   Read more about it here: http://www.tennessean.com/article/20101011/BUSINESS01/10110327/2047/NLETTER01?source

My first reaction was ….”Wow.”   Just last month, the “Administration economists” said the recession ended in 2009 and recovery, although slow, had begun.    My second reaction to the news was “I bet more people wish their home mortgage was with Bank of America.”    Christmas just might be early this year.

In reality, Christmas has come early for the housing economy for several reasons.  Mired down in technical difficulties is the foreclosure process.  We all know that foreclosure sales bring the least amount of money to the lender, and have dire consequences for the property owner.  Foreclosure sales also do the most damage to property values in the surrounding areas.   These low-net, value damaging sales are for the most part stopped for the time being, which benefits the majority of property owners in this country, even if it is just for the short-term. 

Meanwhile, the short-sale process is still alive and well.   Perhaps lenders will now be even more attentive to entertaining offers that they receive.  The lenders get more for the property and the sellers avoid the foreclosure mark on their credit report and can begin re-building their lives.  Without the foreclosure sales forces, we will see further stabilization in home prices.

With foreclosures temporarily off of the market, the exceptional values offered in a BRAND NEW home stand out clearly.  The values offered in today’s new home are beyond comparison, especially with today’s unprecedented fixed interest rates.   Why buy a used toothbrush when you can buy a NEW one?  The same applies to new homes!  Don’t miss exploring these options.

With a Fed Rate of ZERO, and untold billions of bailout money already in the coffers, is the new “moratorium” really hurting the lenders that much?   I feel that the more that property values are allowed to stabilize and improve, the more those troubled assets are worth… when the time comes that they can be sold without issue.

So, here is some sound advice for anyone that may have questions:

1)   If you own your home and are looking to move-up or down-size, get your home on the market now!  What equity you may give-up for a sale will be made up on your purchase in most cases, especially in move-up situations.

2)  If you are able to keep your existing home AND purchase another, you can have the best of both worlds.  Hold your existing property until values climb AND take advantage of today’s market.  Rental property is in huge demand right now and if you find the perfect tentant, this avenue makes great sense.  Consult a Real Estate professional to explore your options.

3)  If you are not behind on your payments, keep making them, even if they are to Bank of America.  Your debt is legal and real.  Interest charges continue to accrue.  No one is going to get a “free home” out of this situation, unless you have a winning lottery ticket.

4)  If you are behind on your home payments, but foreclosure has not been initiated, get that home on the market now!  Remember, the inevitable is just being delayed a bit.  Use the gift of time wisely.  Consult a Real Estate professional and explore your options.

5)  If you are planning to purchase a home in Nashville, Tennessee, you owe it to yourself to explore what we at Ole South Properties have to offer.  Visit our website www.OleSouth.com for more information, or contact Trey Lewis at 615.593.6340 – TLewis@olesouth.com.   My specialty is in NEW HOME CONSTRUCTION but I will be glad to share advice and point anyone in the right direction.  There are many great Realtors in the Greater Nashville area whose services I am proud to recommend.

Yes, there is a Santa Claus and he doesn’t work at Bank of America.  He works at Ole South and he is working feverishly to build your brand new home for the holidays!

Today is another beautiful day in Nashville.  Let’s all get off the fence and enjoy it!

Trey Lewis is a licensed Real Estate Broker in the State of Tennessee with Ole South Realty, 615.896.0019  direct 615.593.6340.  Specializing in new home sales in the Greater Nashville area to include Nashville, Murfreesboro, Smyrna, and Spring Hill, Tennessee.

Nashville New Homes: Affordable Housing…Provide it, or it will create itself.

I have been tossing this blog topic around in my head for some time now, just waiting for the inspiration to address it.  Just minutes ago, today became the day.

Bank of America just announced they are suspending foreclosure actions in all 50 states.  Don’t just take my word for it, click here for the full story.  http://money.cnn.com/2010/10/08/real_estate/bank_america_50/. 

Okay, now that you read the story, lets take a real indepth look at the situation… and we’re going to have to look way back!

I was fortunate to enter my Real Estate career in 2000.  Business was good.  Along came 9/11 and America pulled together as a nation.  Values and home ownership were prevailing themes.  With demand for new homes increasing and no end in sight, inflation and greed took over.  Land prices skyrocketed.  Development projects went to the higest bidder willing to pay the premium for quick response.   The cost of building materials soared.  Many predicted there was no end to the good times in sight.  I believed them too, and had a lot of fun in the meantime!

Then one day, we look around and see that affordable housing had all but disappeared.   Home prices had escalated over the capabilities of the typical first-time buyer.  Rather than allowing market forces to adjust pricing THEN, along comes the mortgage industry to further facilitate the ever-growing “bubble.”  Interest-only loans, Adjustable Rate Mortgages, and Stated Income Loans allowed buyers to continue paying even higher sale prices.  If you could breathe and move toward light, you could be approved for a home loan with certain unscupulous lenders, even with them knowing you could not afford it. 

Consciencious and Professional Mortgage Originators and Underwriters continued to use the established and acceptable lending criteria that were in place.  Unscrupulous Mortgage Originators and Underwriters did not.  Rules are rules only when they are being enforced and these guys knew no one was watching.  Greedy investors lined up with money to lend.  Increased rates for increased risk.  Everybody wins!  After all, the properties were increasing in value exponentially each year.

YEP!  They sure were…until the first-time buyer segment of our economy put their foot down and said “NO MORE.”  The first-time buyer’s inability to participate in the housing market was about to topple the very market that they had helped create.  There were no more logs to place on the fire.

Fast-forward to “the wake-up-call.”  Housing values dropped, and will continue to fall until the housing market is once again within the grasp of the first-time buyer.  In my opinion Government has over-reacted with numerous new lending criteria initiatives.  These initiatives are sound fundamentally, but a wiser path would have been to simply enforce the criteria that was already there.  The fire was already burning down as a result of market forces, and government poured mass-buckets of cold water on it – and that continues to this day.  Lots and lots of affordable housing options have now been created, mostly at the expense of the taxpayer.

Thankfully, the Greater Nashville housing market was not hit as hard as other areas of the country.  I truly believe that is because of our accessibility to affordable housing. 

At Ole South, our mission has always been to provide the very best selection of  homes that address the needs of the first-time buyer.  That mission is alive and well today!  With brand new maintenance-free town homes starting at $89,990 and brand new traditional neighborhood homes starting at $119,990, we remain committed to keeping the Greater Nashville area an affordable place to live.

But that’s not all… We have become very good at building new homes for the “move-up” buyer, as well as the buyer that wishes to down-size and simplify their life.  Learn more at www.OleSouth.com.

We’ve always worked with responsible lenders too!  Ole South Financial, our SunTrust Mortgage Joint Venture, has made new-home ownership a reality for thousands of buyers and they are ready to assist you too!  Give them a ring at 615.907.2296.

Please do not hesitate to contact me anytime we can be of assistance in any way.  You can rest assured that our neighborhoods in Nashville, Murfreesboro, Smyrna, and Spring Hill will be your best new home value…guaranteed!

Trey Lewis is a licensed Real Estate Broker in the State of Tennessee with Ole South Realty, 615.896.0019  direct 615.593.6340.  Specializing in new home sales in the Greater Nashville area to include Nashville, Murfreesboro, Smyrna, and Spring Hill, Tennessee.