Ray Carman – Auctioneer

This weekend I attended a Court Auction in Gallatin. An estate had come up and the County Clerk was there to offer this 13.8 acres in two tracts. They had both had some preliminary soils work done and things look very good for the property. Being this was not an auction conducted by an auctioneer, there was not a huge crowd and there was no charisma in the chant.Before I went, I had estimated the property would sale for approx $5,000 an acre.  The tax appraisal was for $115k, so I figured my estimate would be about right in our market today.

When the sale opened, it became very clear that what my Grandfather, Gene Carman,  said about “NOW being the time to buy” is VERY true! This property sold for an average of $2500 an acre, half of what I estimated and 1/4th the tax appraised value from 2008. (this is not the new assessment.)

If you have been considering a place to put some money, I do not know how to offer better proof of NOW being a great time to invest in Real Estate. With huge amounts of money being printed, and the stock market still uncertain, and prices like those mentioned above, NOW is the time to invest money in some DIRT!

If you are thinking of investing, here are some quick tips:

1. Be prepared to write the check. Get your financing or money ready to go so you can move quickly.

2. Be patient and wait for a good deal, and when you see it, strike!

3. Have your Realtor on speed dial! This will insure your ability to make your move when you are ready.

4. Be creative in your seraches. Look on Craigslist, Realtracs, and also keep your eyes open on Auctions. ( IsurfSumner.com puts out a weekly article on area auctions that might have good investment potential.)

If you have any questions on making a good investment in Real Estate, please feel free to give me a call, 615-428-4920.

Ray Carman

If you are on the cusp of considering a home purchase, NOW is the time! Sumner County has the following available on the market:

1. 978 homes under $250,ooo

2. 333 homes between $250k and $350k

3. 443 homes available $350k and up!

What this translates into for you the buyer is great opportunity! Add the $8,000 first time home buy tax credit, low interest rates, and motivated sellers to the mix, and you find yourself, The Buyer, a the drivers seat!

To find out more on how you can cash in on this great opportunity in our local Real Estate Market, give me a cal, 615-824-0044!

Just this morning I was informed that rates on 30 years were at 4.875% These are phenominal rates for those who are looking to buy or refinance in the Real Estate World. It is also a little good news for the Real Estate Agent who has a client who is thinking of buying as well.

If you add this new low rate to the first time home buyers credit of $7,500, you can see why this makes sense for the local buyer. This can also help motivete the seller to be agressively and correctly priced for the new wave of buyers this will bring on.

As with anything, we never know how long this rate will last. If you have any questions regarding these new lower rates and how it might help you in your purchase process, just give us a call, 615-824-0044~!