Anchor Yourself to Something Truly Special…

I had to share with you all this new listing that I was so privileged to represent!  I was told by the owners when they invited me over, that I would feel like I was in a seafood restaurant.  So I was prepared for whatever unfolded when I went to preview their home before preparing a Comparative Market Analysis.  And this is what I saw from the street when I pulled up – just a well-kept home in a stable neighborhood.  Exterior center shot

I knew it was a 3 bedroom/2 bath, built in 1987, with 1222 square feet from the tax records.  I was familiar with the area, that generally sold in the high $140,000 range for similar homes, and was conveniently located within 15 minutes of downtown Nashville and the airport.  And this is what I saw when the front door opened…

Living room 1 from door  It truly was an OMG moment…and I instantly fell in love with this home.  The owner greeted me with a huge smile, and guided me through the home room by room.  My jaw just kept dropping lower as I took it all in – the new vanities with glass vessel sinks and waterfall faucets (did I mention heated tile floors?)  hall bath hall bath sink closeup  master BA snk and fixture, the beautiful remodeled kitchen with granite and subway tile and new glass light fixtures kitchen sink and laundry room kitchen stove and window kitchen towards sink.

Even on the wall of the living room (besides the suspended mermaid) mermaid closeup with net Living Room 2 from window, the owner pointed out the unique wall shelf boat on wall 1  , as she shared the story of how she and her husband had found an old boat at a flea  market, chopped off the back 18″ and mounted it to the wall, added lights above and below, and created a unique wall décor.  I asked her what happened to the rest of the boat. She smiled, and said, “It’s out back next to the lighthouse and the pool.”

OK – I had to see more – I was hooked!  So as she opened the door to the rear yard, this was my first view… backyard deck, steps, awning, bar .  All I could get out was “WOW!!”  It was breathtaking.  The composite decking, the retractable blue & white stripped awnings, the bar with yellow & chrome bar stools.   bar with lights and yellow bar stools I noticed all the little lights along the steps and fences, and her only comment was, “You should see it at night…”

We walked around as she pointed out the lighthouse and dinghy (missing its rear) backyard boat and lighthouse, as she sweetly commented “the beacon on the lighthouse rotates and the 3 portholes on the dinghy light up at night. We even have the green light on the bow…”.

The pool was wonderful, with a dolphin fountain, 10′ deep diving end, seating areas all around, and water features creating a mesmerizing sound. Dolphin and water jets Pool full length pool with turtle and decking

So I had to go back and see it at night…and it was even more spectacular!

Boat at night  dolphin fountain at night purple backlight

So last week, we met to review pricing and agreed on a value.  Then I was so honored when they asked me, “So would you be willing to list our home?”  I couldn’t believe how humble these wonderful folks were, and how flattered I was that they would trust me with the marketing of their amazing residence.

We did the paperwork on Tuesday, had professional photos taken on Thursday, had the first showings on Sunday…and the floodgates opened with Realtors and buyers “having to see the mermaid house”.  In 3 days, we had over 30 private showings (no overlapping appointments, and everyone had an hour to take in all the fabulous upgrades), and set a deadline of this Thursday (tomorrow) at 7pm to open all offers.  I didn’t want anyone to miss out on having an opportunity to write an offer on this special forever home. I now have 4 offers, and another 2-4 coming in tomorrow before the deadline, so I am excited but saddened to know my relationship with this home will soon be coming to an end.  But the memories will live on forever and my friendship with the owners…who are moving to Delaware to be near the Atlantic Ocean, which they love so much, will last a lifetime!

It’s not always the “McMansions” that get all the attention.  This shows how a modest home in a modest neighborhood can be as spectacular as any home, anywhere.  It’s the love it has received, the memories it has created, that has made “this house a home…”

Posted in beach, brentwood, brentwood homes for sale, brentwood real estate, buyers, cost saving, davidson county, decorating, for sale, franklin, franklin homes for sale, franklin real estate, gallatin, gallatin homes for sale, gallatin real estate, Go Green, green hills, green hills houses for sale, green hills real estate, hendersonville, hendersonville homes for sale, hendersonville real estate, Hermitage, home buying blogs, home selling blogs, homes, homes for, homes for sale, house decor, houses, houses for sale, keller williams, moving, nashville, nashville homes for sale, nashville real estate, nautical, ocean, Old Hickory, real estate, real estate articles, real estate blogs, realtor, relocation, romance, rosalie mietzel, rosie mietzel, saving, saving money, sellers, staging, sumner county, tennesee, tn, unclassified, williamson county | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bathrooms and Kitchens Top Remodeling Projects

The National Association of Home Builders recently released its Remodeling Market Index (RMI) survey on the most common type of jobs performed by NAHB Remodelers in 2014.

The top two projects:

#1 – Bathroom Remodeling 

#2 – Kitchen Remodeling 

 

These two were the clear favorites, with Windows/Door replacements a lower-ranked third choice, and other projects even further down in the rankings.

To read more and see a summary of the entire report, go HERE.

Posted in brentwood, brentwood homes for sale, brentwood real estate, buyers, cost saving, davidson county, decorating, financing, for sale, franklin, franklin homes for sale, franklin real estate, gallatin, gallatin homes for sale, gallatin real estate, Go Green, green hills, green hills houses for sale, green hills real estate, hendersonville, hendersonville homes for sale, hendersonville real estate, home buying blogs, home selling blogs, homes, homes for, homes for sale, house decor, houses, houses for sale, keller williams, moving, nashville, nashville homes for sale, nashville real estate, real estate, real estate articles, real estate blogs, realtor, relocation, rosalie mietzel, rosie mietzel, saving money, sellers, staging, sumner county, tennesee, tn, unclassified, williamson county | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nashville Area in the Spotlight!!

In the past 3 years, the rise in popularity with not only tourism, but with people relocating to Music City has been incredible.  Some say the ABC TV hit “Nashville” has brought a new hip, trendiness to town nashville-tv-show-1-480x240 .  I have seen people from Germany drive into the Bluebird Café parking lot (while I am waiting 2 hours to go in for a show) just to get a picture of the sign and entry. Such a great job has been done by the production company duplicating the Bluebird inside and out on a sound stage hidden away in Nashville that visitors don’t even know it’s not filmed there! bluebird Cafe

The new convention center is bringing in tremendous business nashville_music_city_center1…they can’t build hotels quick enough to accommodate all the conventions wanting to come to Nashville!  Attendees may come here for a few days to visit and decide to stay forever!

And then let’s never forget the incredible music scene here that started with the honky tonks on Broadway and now truly welcomes all genres of music with Jack White, Kings of Leon and so many others calling Nashville home.  Rymand Auditorium and Batman Building Lower Broadway web size

Nashville’s housing market has rebounded stronger than anywhere else in the nation in the aftermath of the recession, according to a new study.

Nashville’s median home price today is 11 percent higher than the peak values before the recession strucka net growth that’s the best of the nation’s 100 largest metro areas. Rounding out the top-5: San Francisco, Honolulu, San Jose and Columbus, Ohio.

That analysis comes from the financial website SmartAsset.com, which crunched federal data and numbers from the National Association of Realtors.

To read the full article, go HERE.

The Nashville-Davidson-Murfreesboro-Franklin, Tenn. market also placed seventh on REALTOR.COM‘s list of the 15 hottest selling markets in the country right now.

burning-homes1  hot-real-estate-market1

To read more about the REALTOR.COM study, go HERE.

Posted in brentwood, brentwood homes for sale, brentwood real estate, buyers, davidson county, financing, for sale, franklin, franklin homes for sale, franklin real estate, gallatin, gallatin homes for sale, gallatin real estate, green hills, green hills houses for sale, green hills real estate, hendersonville, hendersonville homes for sale, hendersonville real estate, home buying blogs, home selling blogs, homes, homes for, homes for sale, houses, houses for sale, keller williams, moving, nashville, nashville homes for sale, nashville real estate, real estate, real estate articles, real estate blogs, realtor, relocation, rosalie mietzel, rosie mietzel, sellers, sumner county, tennesee, tn, unclassified | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Closing Costs? I Have My Downpayment – Isn’t That Enough?

The simple answer is…NO.

Every offer presented in recent weeks on my listings has included a Special Stipulation that says “Seller to pay 3% (or $5000 or other stated amount) of purchase price towards buyer’s closing costs.”

An article by USA Today states that roughly two-thirds of Millennial home buyers don’t understand or are not very aware of the additional fees besides their downpayment that are due before the property title can be handed over.  These fees can include title and escrow fees, lender fees, the price of an appraisal, and many more.  Traditionally there are certain fees paid by a seller (such as title insurance, real estate agent commissions) and other fees paid by a buyer (points and loan fees, lender title insurance, home insurance, mortgage insurance). Then there are additional items such as a buyer’s  credit report, home inspection and appraisal that are paid up front by the buyer, and things like a home warranty that either party can pay.

The issue is potential home buyers are “looking first, learning later” about the home-buying process.  Millennials who are typically more tech-savvy than their predecessors, use the power of the internet to find all these wonderful homes to look at and Realtor contact information right next to the home information. It looks so easy – they want to go see houses, without understanding the home-buying process and fees involved.  Nobody is getting home-buying education in school, so they are learn from trial and error…from reading articles…from their parents.

There is roughly a minimum of 3% of closing costs in additional to a down payment that must be paid to be able to purchase a home.  There is no rule that says a seller has to pay them for a buyer.  If they do, it is usually factored into the price…or sometimes a seller as reduced his price to bare bones and there is no more margin to play with. It’s OK to ask…but if you really want the home, be considerate that a seller already has his hefty share of costs to sell his home…and may not be able to pick up the tab for your costs as well.

Posted in brentwood, brentwood homes for sale, brentwood real estate, buyers, davidson county, financing, for sale, franklin, franklin homes for sale, franklin real estate, gallatin, gallatin homes for sale, gallatin real estate, green hills, green hills houses for sale, green hills real estate, hendersonville, hendersonville homes for sale, hendersonville real estate, Holiday, home buying blogs, home selling blogs, homes, homes for, homes for sale, houses, houses for sale, keller williams, moving, nashville, nashville homes for sale, nashville real estate, real estate, real estate articles, real estate blogs, realtor, relocation, rosalie mietzel, rosie mietzel, saving money, sellers, sumner county, tennesee, tn | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

I Can Do This Myself…(When it might not be best to DIY)

Those 4 magic letters…F S B O…

A frustrated buyer has spent days, weeks, or months looking for the perfect house…

  • He has looked online at all the websites that bring the listings to him – until he discovers a large majority are inaccurate and the houses are under contract.
  • He has looked  at the smaller list of truly available properties his Realtor sends him.
  • He has driven around looking for signs in the front yards, found one that looks promising, calls the Realtor to  hear those frustrating words…”Sorry, it’s already under contract, closing next week.”
  • Then he finds that perfect yard sign…For Sale By Owner.
  • FSBO 3

“I’ve struck the Mother Lode!” thinks the anxious buyer.  He calls the homeowner and asks for an appointment to come see the house.  The homeowner offers “Tonight is fine or tomorrow night after I get home from work”.  He finally gets someone on the hook.  “That was easy,” thinks the homeowner.

The buyer goes over, and is in awe over the new windows and floors, fresh paint, new flowers in the garden.  He loves it – better than anything he has looked at previously.  “How much will you take?”

“Well, I’m listed at $230,000, but I can go a little lower…”

Wow – magic words to a buyer’s ears.  “Will you take $225,000?”

“Yes, I guess I could.  Let’s write it up.”

Wow – wasn’t that easy?  So the buyer and seller get out a piece of paper, agree on a price and what day they will close.  Then the buyer calls his lender…”I bought a house today!”

The lender says, “Great! Bring me your purchase contract so I can start working on the loan.  When are you closing?”

“The end of the month,” says the buyer. “I just gave notice on my apartment!”

“Uh oh…that’s only 3 weeks away.  I need at least 45 days to make this  happen.  What about your closing costs – who’s paying for those?”

“Uh…what closing costs? We’re not paying a commission.”

“Not the commission,” the lender says.  “I’m talking about the costs of your  loan. You barely have enough  money to cover your 5% down payment – there are a few thousand dollars more in points, PMI, fire insurance, title insurance, pro-rated property taxes, the escrow agent’s fee – who’ going to pay all those?”

“Shoot – we didn’t talk about any of that.  What’s PMI?  I don’t have enough money to pay for all those things, ” says the buyer as his bubble starts to deflate.

“Well, you could have asked the seller to pay them – but it’s a little late now that you’ve negotiated a sales price already.  Who is paying for the title insurance? When is your termite inspection scheduled? Who’s going to pay for the termite repairs? What about a home inspection?  Did you get a Property  Condition Disclosure?  Did you ask for a Home Warranty? I need you to bring in a check for your credit report and $450 for the appraisal.”

“But, we didn’t talk about any of that… what appraisal?.”

“The appraisal is to make sure you’re not paying too much for the house, and to protect our position as the lender too.  We have to order that right up front. You’re going have to go back to the seller and ask for closing costs – you don’t have enough money to pay for all those things on top of your down payment.  What about the price – did you have a CMA done before you made your offer?” The lender is burying his head in his hands, knowing what the answer is going to be.

“WHAT’S A CMA???”

That’s what your Realtor would have prepared for you before ever writing an offer – a Comparative Market Analysis –  so you knew what other homes in the neighborhood had sold for in the last 6 months, so you didn’t pay too much for the house.”

“I’ll call the seller and get back to you.”  So the buyer calls the homeowner…

“Ahhh, we may have a problem. Can you pay my closing costs?”

“What are you talking about? We already agreed on a price! I can’t pay anything more at this point – that was  the lowest I can go – I have a loan to pay off and need money for my next house.”

The buyer asks timidly, “Did you ever have a CMA done?”

“Yep – but that doesn’t mean anything – my house is better than all of those. When the insurance adjuster came out last year, I had one done when I was thinking of selling instead of repairing.”

“So you’re asking more than what the CMA says your house is worth? Why did you have an insurance adjuster and repairs?” The buyer is getting nervous now.

“It doesn’t matter – we have a deal!” says the unhappy homeowner to the more unhappy buyer.

Unfortunately, this story is based on truth. Good and bad. Notice I did not use the word “Seller”, as the sale never closed.  The house did not appraise because the homeowner was overpriced by $25,000 because he owed too much on his mortgage.  There was hidden damage due to a flood two years ago. The buyer lost $450 on an appraisal that he cannot use on another home.  The buyer had given notice on his apartment, and had to move – to another rental. The homeowner lost the spring marketing time, with his house tied up in this transaction for weeks. If it had been an FHA sale, the low appraisal would have been tied to the house for six months.

If a Realtor would have been involved in the transaction, there would have  been a multiple page purchase contract giving the buyer (and seller) protection from start to finish.  The Realtor would have been available during business hours to show property. The buyer would have been provided sales history to help come up with an informed offer price. The offer would have included who was to pay for title insurance, closing costs, termite repairs and a home warranty. They would have been able to access the Property Condition Disclosure, that would have told why repairs were done.  The offer would have included an inspection period for the buyer to perform his due diligence.

This is just the tip of the iceberg iceberg of everything that would have been provided to a buyer and seller if a Realtor would have been involved in the transaction. It’s about a lot more than just the commission. There are many successful For Sale By Owner transactions. particularly with sophisticated buyers and sellers, or a Realtor selling his own property. But in many situations, the prospect of saving the commission is far outweighed by the  pending disaster lurking below the surface.

FSBO 2 sign

Posted in brentwood, brentwood homes for sale, brentwood real estate, buyers, cost saving, davidson county, financing, for sale, franklin, franklin homes for sale, franklin real estate, gallatin, gallatin homes for sale, gallatin real estate, green hills, green hills houses for sale, green hills real estate, hendersonville, hendersonville homes for sale, hendersonville real estate, home buying blogs, home selling blogs, homes, homes for, homes for sale, houses, houses for sale, keller williams, moving, nashville, nashville homes for sale, nashville real estate, real estate, real estate articles, real estate blogs, realtor, relocation, rosalie mietzel, rosie mietzel, saving money, sellers, sumner county, tennesee, tn, unclassified | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Simple Ways to Reduce Home Heating Costs

rmietzel:

An update to my previous blog – in November, we had insulation installed in our crawl space, beneath our floors throughout our home. The installed said we “were heating 1000 sq. ft. of dirt in the crawl space”. We thought it might take 2-3 years to recoup the cost of doing. After suffering through cold feet and having to run the “emergency setting” on our heat pump the past 3 years, this winter we are facing the coldest weather in recorded history for Nashville, and haven’t once had to run the emergency setting on the heat pump! In fact, we have reduced our temperature setting inside our home by at least 5 degrees…and are seeing an immediate savings of at least $100/month on our electric/heating bill! It was extremely affordable to have the insulation installed (even a DIY project for some folks), and we will recoup the cost in 2 years at this rate!

Originally posted on Through a Buyers Eyes:

With the return of winter weather comes for many homeowners, higher utility bills.  Here are a couple of tips to help you control costs, some of which require no expensive purchases or upgrades!

Leaky windows and doorways – cold air that enters will create drafts that are costly, as you turn up the thermostat to remove the chill. Seal drafts around windows & doors using caulk or weatherproof tape. 

Utilize the heat that’s already in your home – after using your oven, leave the door open so the heat enters your house. After showering, instead of using the exhaust fan, just open the bathroom door so the steam migrates to the rest of the house. It keeps moisture in your home and moist air feels warmer than dry air…and reduces the amount of static electricity and static shocks you will get! 

Use your thermostat wisely.  Even without a programmable one…

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5 Home Projects that Pay Off with Buyers

As the name of my blog implies, homes for sale can be seen completely different by a homeowner and “Through A Buyer’s Eyes”.  If you have lived in your home for years, you are comfortable…and don’t even notice burned out light bulbs, cobwebs, etc.  But when your house is for sale, a buyer certainly will, as they are sometimes looking for a reason to ELIMINATE a home from the long list they are considering.

Sometimes to sell, improvements have to be made first.  Realtors across the country have rated several home improvement projects that will not only add value, but will also recoup most of the cost upon resale.  The 2015 Cost vs. Value Report lists the top five remodeling projects with the highest return on investment as smaller, exterior improvements (leading to that critical “first impression”):

  1. Steel Entry Door – for the 2nd year in a row, this is the #1 home improvement when it comes to seeing a return – 100%.
  2. Manufactured Stone Veneer – replicating the look of natural stone for a much lower price, it will recoup 92.2% of your investment.
  3. Garage Door Replacement – this can update the entire exterior of a home, and recoups 88.4% of your investment.
  4. Fiber-cement Siding – resistant to termites, rot, moisture and fire. Expect a return of 84.3%.
  5. Wood Deck Addition – outdoor entertaining space is a huge draw for many buyers. A deck provides a large amount of additional living area at a fraction of the cost of an indoor addition, and can return 80.5% of your investment.

Remember, that all real estate is local, every neighborhood unique, and resale value of projects varies from community to community.

Posted in brentwood, brentwood homes for sale, brentwood real estate, buyers, cost saving, davidson county, decorating, for sale, franklin, franklin homes for sale, franklin real estate, gallatin, gallatin homes for sale, gallatin real estate, green hills, green hills houses for sale, green hills real estate, hendersonville, hendersonville homes for sale, hendersonville real estate, home buying blogs, home selling blogs, homes, homes for, homes for sale, house decor, houses, houses for sale, keller williams, moving, nashville, nashville homes for sale, nashville real estate, real estate, real estate articles, real estate blogs, realtor, relocation, rosalie mietzel, rosie mietzel, saving, saving money, sellers, sumner county, tennesee, tn, unclassified, williamson county | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment