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$5 Million Tyne Boulevard Mansion Auction

September 1, 2010 by admin · View Comments  

Just when the average multi-millionaire allowed herself to slip into a melancholy real estate state of mind, RealtyTrust steps in and lifts the mood. The 16,090 square foot Oak Hill masterpiece that high-end builder Kelvin Pennington has been pouring over for several years hits the auction blocks on Friday September the 10th, 2010 at 6:30pm. Located at 943 Tyne Boulevard, resting between countless... [Read the entire article…]

Low Life, Blood Sucking, Vulture Realtors Video

August 18, 2010 by admin · View Comments  

If we cannot laugh at ourselves, then who can we laugh with? Seriously, this video portraying a Realtor cold calling on a distressed home seller is genius. It captures the internal argument that resides within most sellers who are having difficulty staying afloat while waiting for the other shoe to drop. Sadly, this is a conversation many homeowners are afraid to have with their Realtors. Many allow... [Read the entire article…]

Brentwood Housing Inventory – August 2010

August 2, 2010 by admin · View Comments  

While having 532 single family homes for sale in Brentwood may seem like a rather large unsold inventory, that number only represents 6.7% of the total homes in Brentwood. According to the 2008 estimated census, there are 7,934 single family homes in Brentwood. However, looking at the statistics below, the housing segment that does appear to be struggling in Brentwood is the over $1 million mansion... [Read the entire article…]

The Most Expensive Foreclosure in Brentwood, TN

July 21, 2010 by admin · View Comments  

826 Windstone Boulevard in Brentwood, TN 37027 is a 10,539 square foot mansion that currently holds the nefarious title of most expensive foreclosure in Brentwood, TN. Listed at $2,400,000, this new construction home is the most expensive foreclosure of all time in Brentwood. Pinnacle Bank is the lucky owner of this mostly complete home in the posh neighborhood on Windstone off Murray Lane. Windstone... [Read the entire article…]

The Dad Life Video is Franklin

July 19, 2010 by admin · View Comments  

All real estate and no comedy makes Grant a dull boy. A lot of you know that I recently became a new father to a baby boy who is now nine months old. When my friend in East Nashville sent me this video, I almost fell off my chair laughing. My first thought was of Fieldstone Farms in Franklin, TN and my two friends there, Jim and Eric. If you do one thing today, watch this video called “The Dad Life”. One... [Read the entire article…]

Velocity in the Gulch Restructures Ownership

July 1, 2010 by admin · View Comments  

This morning the Tennessean reported that the Velocity in the Gulch’s ownership has been restructured. “The new owner of the 265-unit building in the Gulch is Velocity Residential LLC, with its principal offices listed with the identical address as the project’s lender, BBVA Compass Bank.” It should be noted that BBVA Compass in not the only bank who has loaned construction funds, but BBVA... [Read the entire article…]

Nashville Country Music City Marathon Video

June 15, 2010 by admin · View Comments  

While I am no marathoner, I appreciate the simplistic beauty of the imagery. Andrew Rozario and Jesse Parker did a masterful job of capturing the soul of the Country Music Marathon using crisp, high-resolution time lapse photography. Clearly, Andrew and Jesse spent a heck of a lot of time mapping the Nashville marathon route, choosing filming locations and shooting. This video may actually inspire... [Read the entire article…]

The Most Expensive Foreclosure in Franklin, TN

June 11, 2010 by admin · View Comments  

I was having a conversation with a colleague today who told me that she had heard of a $4 million house in Franklin that was in foreclosure. She thought that there were several homes in that price range in foreclosure and was excited about the opportunity of finding a buyer for all of these high-end foreclosures. I didn’t say anything at the time, but the high-end market in Franklin has fared rather... [Read the entire article…]

Nashville Real Estate Closings Up, Pendings Fall

June 10, 2010 by admin · View Comments  

If you were one of those drum beating, forever optimistic, ‘buy now or miss the deal of a lifetime’ type of real estate agents, this is what you might spin this month: Nashville home sales up an astounding 25.8 percent in May. You may also write: Year-to-date Nashville closings are up 20.4 percent through the same period last year. Don’t wait to buy, you’ll miss the best deals. Of course, you... [Read the entire article…]

Multi-Million Dollar Short Sale in Brentwood

June 10, 2010 by admin · View Comments  

This is clearly a phrase we have not become all that accustomed with in Brentwood, Tennessee. Nonetheless, it is a phrase that we must utter occasionally when describing brand new homes which have had difficulty in selling to a new owner. Even impeccably constructed, designed and located mansions like this one in the Annandale subdivision. I am not advocating that this particular Brentwood mansion... [Read the entire article…]

Is Walking Away from your Mortgage Smart?

May 28, 2010 by admin · View Comments  

According to CNN Money, “Some homeowners, no doubt, believe that the credit score hit is worth getting out from a deeply underwater mortgage. They may owe, say, $500,000 when their house value is only valued at $350,000. And, they figure, there’s no way it will ever be worth what they owe so it’s better to get out from underneath the burden. After default, they reason, they can raise... [Read the entire article…]

Proving a Housing Price Increase in Nashville

May 20, 2010 by admin · View Comments  

A very astute investor once told me that if I attempted to micro analyze the real estate market based upon short-term data, I would most likely be missing the soul of that market. Yes, I had the ability to make profitable short-term decisions, but I would lack the true understanding of why my short-term decisions were valid. It is this soul of the market that allows one to make accurate predictions... [Read the entire article…]