tag:blogger.com,1999:blog-86882938428600318792024-03-13T07:16:04.624-05:00The Real Nashville Real Estate BlogWant to know more about what's really going on in the Nashville Metro real estate market? Tune in here regularly and find out. You'll find topics surrounding real estate trends, helpful tips for selling and buying real estate, occasional market analysis, and a whole lot more. Read ... contemplate ... contribute ...JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.comBlogger133125tag:blogger.com,1999:blog-8688293842860031879.post-13220704937339441092012-05-30T09:31:00.000-05:002012-05-30T09:31:07.215-05:00National Doughnut Day!OK. I have to admit it - I LOVE doughnuts. My favorites? Krispy Kreme. The sugary glaze that slightly hardens on those fresh, warm doughnuts is pure heaven. Every time I eat dinner at El Mariachi (on Thompson Lane), I head over to Krispy Kreme to grab a doughnut - or two. <br />
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My favorites are maple iced glazed, chocolate iced glazed, chocolate iced cream filled, and the original glazed. What foodie or dessert connoisseur wouldn't indulge in these delectable sugary sweet delicacies?<br />
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Well, now doughnut fans all over the U.S. can indulge in one free doughnut in celebration of National Doughnut Day, June 1. Did you know that National Doughnut Day was established 75 years ago to commemorate the work of the "doughnut lassies" from The Salvation Army to thank them for serving doughnuts to soldiers during World War I? Follow this <a href="http://krispykreme.fbmta.com/members/ViewMailing.aspx?MailingID=2147508793&storecode=64&_X=KmLFmFUwgJcY0">LINK</a> to the world of Krispy Kreme for details.<br />
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Enjoy!JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com2tag:blogger.com,1999:blog-8688293842860031879.post-92125506891267711312012-05-22T12:31:00.000-05:002012-05-22T12:31:12.980-05:00In Dire Straights and Need a Short Sale? (Part 2)The reasons that most people sell their homes short are: (1) they believe it is more ethical/moral to help the bank get back as much money as they can (instead of losing more in foreclosing on the property), (2) they can live there without paying the mortgage (but need to continue paying the HOA fees and utilities), (3) they believe it's better for their credit.<br />
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A short sale WILL have an affect on the seller's credit. Although experts believe that a short sale is not as devastating as a foreclosure, that remains to be seen.<br />
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When you find an experienced short sale agent, and provide that agent with the third-party authorization letter, this is just the beginning. Remember that time is VERY SHORT on these because a foreclosure can be looming overhead.<br />
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Once the agent has the letter in hand, he or she needs to fax (send) it to the bank. It takes roughly two to five days to get that letter uploaded into the electronic file that the bank has on your loan. Once that is done, some or all of these things can happen: (1) the bank can order an appraisal; (2) the seller will have to complete a short sale packet to be faxed to the bank; (3) both (1) and (2). If the agent is savvy, he or she can usually come very close to the listing price that is needed for the property. The comps should be those that have sold at short sale and foreclosure prices, taking into consideration the condition of the house.<br />
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If the bank quickly orders an appraisal, then the agent can help the seller price the house accordingly until the appraisal comes back. At that time, the appraisal amount will dictate the amount the bank is willing to accept. The listing price should reflect that amount PLUS all commissions, seller closing expenses, and any concessions that the buyers will need to buy the house. A little extra should be included to cover any property taxes that would be due for six or so months beyond the initial listing date.<br />
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Condition is a major factor in a short sale. I've listed short sales that were in very dogged condition with the need for a new roof, carpet, paint, etc. That home needed to be (and was) listed at the lowest point possible to get it sold. In another situation, the house was in a neighborhood where new homes were still being built and the house was in impeccable condition. The seller was able to finance a new kitchen floor (the vinyl had been burned by a dropped iron, and it also had rips and tears in it), and that garnered a much higher price for the property, close to what the new construction was selling for.<br />
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Each bank has its own policies and procedures for maneuvering through the short sales process. Reputationally, Bank of America is considered the worst, but they have actually gotten much better. BOA provides an Advocacy Line to agents to get help when the short sale rep does not return calls or move quickly on the sale. Thankfully, this agent has had the opportunity to work with two representatives in the short sale area who actually take phone calls and get things moving toward closing the sale. They are my "go to" people when I need to get the sale closed on time.<br />
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CHASE is another large bank dealing with multiple short sales right now. CHASE has its own way of conducting the short sale procees. Right now they have limited employees to handle the large number of short sales, so they will not honor a request to consider a short sale until there is an offer on the table.<br />
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Local banks move much quicker and are more apt to work with the incoming buyers. In one instance with a local bank, the sellers were bankrupt, so they negotiated a lease/purchase with a buyer. The buyers moved into the house (which they loved and wanted to buy outright), and they made their payments directly to the bank. The twist in the story is that the buyers had just come out of a bankruptcy and the agents negotiated with the seller's bank to give the bankrupt buyers a new loan. Since they had a glowing payment history with this bank already, the bank was more willing to do the loan to save itself from a severe short sale and a foreclosure.<br />
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Miracles like this do not happen every day. These are the types of things that agents just stumble on.<br />
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If you are going through a short sale right now, make sure that your agent is on top of it, and not just "hoping" the bank will allow it to be a short sale. <br />
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Later this week ... Short Sales part 3.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-19281541043342651852012-05-02T10:53:00.001-05:002012-05-22T11:39:05.064-05:00In Dire Straights and Need a Short Sale? (Part 1)It seems like more and more short sales are coming on the market. Are they here to stay? If not, they're here for a little while, at least.<br />
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Because foreclosures are already owned by the bank, the buyer (or buyer's agent) is dealing directly with the bank. Short sales, on the other hand, are quite a bit different. They are not owned by the bank.<br />
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Short sales can happen at any point. If the seller is upside down in his/her mortgage and needs to sell the home to move away, then the short sale process can begin even though a seller has never missed a payment. If the seller is behind in his/her mortgage payments, then the short sale can occur within just a month or two into that situation, or it can occur later on. The third situation for short sales is when the seller is upside down in his/her mortgage, and is also behind in payments. Some short sale properties are candidates for foreclosure. <br />
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While this blog article is about short sales, let me mention a few things about foreclosures: (1) Tennessee law allows for a bank/mortgage lender to foreclosure very easily. If a seller is behind even one month, then the lender has to give notice of a foreclosure sale three weeks in a row in a public forum (i.e. newspaper) to be able to foreclose. (2) Banks are NOT in the real estate business and do not really want to be. Taking a house/property back so they can sell it again is NOT in their best interest. (3) It costs a mortgage lender approximately $40,000-$50,000 to foreclose on a property. Foreclosure is a legal process that takes the home away from the borrower because of non-payment, and banks always lose in this process.<br />
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Every short sale is different. Things that determine the situation are: (1) How far behind the seller is in his/her mortgage payment; (2) The type of loan the seller has on the house; (3) The mortgage investor and what their policy on short sales is.<br />
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If you are behind in your payments, NOW is the time to contact a real estate agent. Don't wait! Your agent will give you all of your options!<br />
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If you decide on a short sale and have a good agent, the first thing the agent will do is draft a third-party authorization letter which you need to sign in front of a notary public. That letter should contain the loan number, the address of the property in peril, the bank name and address (where the monthly payment is sent), and the social security number of the borrower(s). This needs to be done immediately so the agent can get on the phone with the bank to find out where this house is in the process and what can be done at that point.<br />
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The agent will contact the bank to find out where to fax or email the letter. Once that is taken care of, usually a week later, the bank will communicate with the agent when the agent calls. <br />
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Part 2 on Short Sales will be posted tomorrow.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-8368876020077978182012-04-23T15:15:00.001-05:002012-04-23T16:04:51.313-05:00Bouncing BackJust a few years ago, the naysayers and doomsdayers were prophecying about the failed housing market. Today, they're being proved wrong.
With sales in the area on the rebound, agents are seeing an upward swing indicating more confidence in the housing market. In the first quarter of 2012, Middle Tennessee saw 4,855 closings, up 24.2 percent from the 3,908 closings during the same quarter of 2011.
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Of the 2012 numbers, 3,959 were residential sales, 484 were condo sales, 76 were multi-family sales, and 336 were farms/lands/lots. The greatest increase was in farms/lands/lots, which was a 187% increase over 2011. This indicates a confidence in new construction as builders are building on those lots.
Inventory, on the other hand, was down to 18,984 at the end of March 2012. At the end of March last year, the inventory level was at 21,647. Some may think this bad, but in reality, this is good as sellers who don't have to sell are staying away from the market, resulting in true and honest price increases.
There are currently less than 10 months of inventory overall. In the single-family residential market, there is a less than eight months inventory. A balanced market is represented by a five to seven months inventory. Anything less than five months is a seller's market; anything greater than seven months is a buyer's market. While the overall market still reflects somewhat of a buyer's market, buyers and agents need to look at each neighborhood and each price range separately, away from the overall market.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-87063338091666342642012-04-22T15:36:00.001-05:002012-04-22T15:38:46.354-05:00Barbara's is More Than I Can DescribeA friend recently recommended Barbars's Home Cookin' in the Grassland area of Franklin, Tennessee. Little did I know just how delicious it was. <br />
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Today, friends from church decided to give Barbara's a try. It's a traditional Meat 'n Three. The menu today consisted of Fried Chicken, Roast Beef (more like pot roast), Poppyseed Chicken, Crab Cakes, and more. Along with those entrees came the veggies: green beans, creamed corn, pineapple casserole, black-eyed peas, fried okra, cole slaw, cinnamon apples, and a host of other things. My order: Poppyseed Chicken, green beans, and pineapple casserole. Of course, the warm homemade rolls with a melt-in-your mouth consistency made it even better.<br />
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Little did anyone know just how wonderful Barbara's would really be. It was delectable, delicious, and to die for (at least for us foodies). The portions were so large that I asked for a "to go" box early on to save for tomorrow's lunch.<br />
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If you'd like to check out Barbara's menu, click <a href="http://www.barbarashomecooking.com/">HERE</a>. Try it out. You won't be disappointed.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-46384599657900660202012-03-26T13:25:00.000-05:002012-03-26T13:25:31.612-05:00Why I Love Franklin So MuchWhen I moved to Franklin in October of 2009, I never thought I'd fall in love with this charming Civil War town. I live only nine-tenths of a mile from the Franklin square, and frequently walk to downtown to enjoy the festivals, eateries, or just to look around.<br />
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<a href="http://www.flickr.com/photos/army_arch/4221564273/" title="Franklin, TN Gray's Pharmacy by army.arch, on Flickr"><img src="http://farm3.staticflickr.com/2646/4221564273_432225230f.jpg" width="375" height="500" alt="Franklin, TN Gray's Pharmacy"></a><br />
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Franklin's latest announcement is the renovation/rehab of the old Gray's Drugstore on Main Street. The new venture will be a food and music establishment, opened by Andy Marshall and partners.<br />
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Another eatery, you say? That's right - it's just what Franklin needs to continue it's appeal to people from all across Middle Tennessee.<br />
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For more information on this venture, click <a href="http://www.tennessean.com/article/20120326/WILLIAMSON/303260052/2275/RSS05">HERE</a>.<br />
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And when September rolls around, come on down to Franklin.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-57008557317377293302012-03-26T08:35:00.000-05:002012-03-26T08:35:19.184-05:00Spring Hill GM Plant Revitalizes Spring HillJust a few years ago, we saw GM shutter its Saturn division. Along with it went jobs at the Spring Hill GM plant. The plant never quite shut down all the way, but the layoffs in record numbers put a dent in the area's economy and housing market.<br />
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USA Today ran an article about the reopening of the plant. You can read it <a href="http://content.usatoday.com/communities/driveon/post/2012/03/gms-revival-of-spring-hill-tenn-plan-spurs-town/1?loc=interstitialskip">HERE</a>.<br />
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Welcome back, GM, Spring Hill, and the housing market! We're glad you're coming back!JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-85933352714242633032012-03-19T14:24:00.000-05:002012-03-19T14:24:39.763-05:00Nashville Has the Fifth Fastest Growing Job MarketWe may not have immediate access to the ocean, and we may not be right around the corner from a ski resort, but we have a lot going for us. One thing is our stability. While other cities have had rapidly declining job markets, Nashville did not see those same results. We have plenty of people to work, and we are transitioning - two key ingredients to job growth.<br />
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The result? Increased sales in our housing market and a fairly stable one. While some skeptics in the area keep asking, "When's the market going to return?" I would say that it's here. It's not the rapidly increasing market of yesteryear, but it's increasing steadily. My listings have sold quickly (unless a short sale), and at higher prices than previously thought.<br />
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If you want to read the article in www.TheAtlanticCities.com, click <a href="http://www.theatlanticcities.com/jobs-and-economy/2012/03/us-cities-fastest-growing-job-markets/1504/">HERE</a>.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-61330377160335614202012-02-24T16:59:00.001-06:002012-02-24T17:01:35.977-06:00Tennesseeans Can Claim Highest Drop in Credit Card DebtTennessee residents have the highest drop in credit card debt in the US, as reported by the Nashville Business Journal. Way to go, Tennessee!<br />
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Since our economic downturn, people have come to the sober reality that they need to change their spending habits. And, personally, I despise debt. At one time, I lived with plenty of debt. Yes, my credit score was in the mid-700s, but divorce created havoc with that high score. As a result, I decided to make a change in my financial life. <br />
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I'm not one to tout celebrities or to endorse anything frivilous, but today I can wholeheartedly recommend Financial Peace University. Dave Ramsey, FPU's creator, has lived through several bankruptcies, high debt, and the loss of lucrative income. People have learned, like Dave, that living in and with debt is not the best way to go.<br />
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Last fall I enrolled in an FPU class at Rolling Hills Community Church in Franklin. I was skeptical at first, because I'd dealt with some Dave Ramsey disciples - people who think that they should always buy real estate low and sell real estate high, regardless of the market. After a few weeks, I was SOLD! The principles are timeless and trustworthy. Now my goal is to get completely out of debt and enjoy my life.<br />
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Since that class, I've made a conscious effort to pay off every debt, buy only what I need, and to strictly budget for any and all expenses. Retirement is only 20 years away, so planning for that is crucial.<br />
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If you're in a predicament, or if you just want to live a clean financial lifestyle, take a chance on the FPU class. You won't go wrong. To find out more about Dave Ramsey and FPU, click <a href="http://www.DaveRamsey.com">HERE</a>. Like me, you will definitely feel better, more at ease, stress free, and relaxed when you start chipping away at the burden of debt.<br />
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So, how is Tennessee climbing out of debt? The <a href="http://www.bizjournals.com/nashville/blog/2012/02/tennessee-leads-nation-in-drop-in.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_nashville+%28Nashville+Business+Journal%29&utm_content=Google+Feedfetcher">ARTICLE</a> doesn't state how or why, but we can only hope that people are waking up to the reality that debt is not the way to live.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-10673812332366346882012-02-21T12:53:00.001-06:002012-02-21T12:56:02.003-06:00Like That Payroll Tax Cut?Well, it's here. President Obama has signed into law a payroll tax cut for Americans. This cut was spurred on by a weak economy. The President has said that he wanted to help Americans bring home more money monthly. The average increase in take-home pay is approximately $40 per month.<br />
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However, what is given away must be paid for. Fannie Mae and Freddie Mac will be collecting this difference beginning April 1, 2012. The charges will be in effect through 2026.<br />
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If you're looking at buying a house, then you need to do it now. The average increase for a $200,000 will be approximately $15 per month. That means buying power will decrease slightly for all home buyers.<br />
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For more information, check out this <a href="http://www.marketwatch.com/story/fannie-freddie-fee-rise-from-payroll-tax-set-2011-12-29">LINK</a>.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-17917063616802058682012-02-08T16:42:00.001-06:002012-02-08T16:46:42.284-06:00UP! UP! UP!You heard it here first - mortgage loan applications are on the rise. Nationally, applications are up by 7.5%. Rates are down with the average hovering around 4%. It's a great time to buy. Check out <i>Nashville Business Journal</i>'s article <a href="http://www.bizjournals.com/nashville/news/2012/02/08/mortgage-applications-rise.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_nashville+%28Nashville+Business+Journal%29&utm_content=Google+Feedfetcher">HERE</a>.<br />
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In Williamson County (TN), prices are going up - up 18% over last year. No one is expecting the prices of 2006 and 2007, but prices are going up. We're seeing the largest increases in the $300,000+ market. Those priced homes seem to be selling quicker. <br />
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Just a few months ago, my listings above $300,000 sold in 14-16 days. Sellers were shocked because they did not expect that to happen. In fact, they were stunned!<br />
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What gets a house sold quicker? Three things - (1) PRICE; (2) STAGING; (3) PHOTOGRAPHY. Marketing gets the house recognized and noticed by buyers and buyers' agents, but the three things listed really grab the buyer's attention so they'll want to see the house. Once inside, they fall in love with it.<br />
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There's a myth out there that a house is priced too low if it sells in under several months. Nothing could be further from the truth. A house sells quickly if it's priced correctly and the other two items are done professionally.<br />
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Sometimes a house can be priced too low. Be careful about hiring an agent who wants to list your home too low. When interviewing listing agents, ask them to show you the absorption rate. If they don't know what that is or didn't come prepared with that information, then you're talking with an agent who does not understand accurate pricing of houses.<br />
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Recently I went to a listing appointment. While there, I could tell the seller really wanted to hire me, but she felt obligated to the agent who sold her the house. It was a shame, too, because when I saw that listing online, it was priced too low - $5,100 less than I would have recommended to her.<br />
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Most of my listing appointment sellers hire me because I'm honest and realistic with them - and I work hard to get their homes sold, too! <br />
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Another thing going up in numbers is short sales. More on that later.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-25146134877403938702012-02-06T14:58:00.000-06:002012-02-06T14:58:29.835-06:00Those Darn Lease-Purchases!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsaP0NefKFw4anjEYKy3d5wwRsaD686YaWOZmb1OqcQgoSTrtJojfaU5R_O84BOChuOl2XVobt23dQwVMVTv_n_DbzhHQCvSN8g9vN_fEWhyphenhyphenU4f1Cd6GB1YbJuLvkxU70U7nlpdAKC9BK2/s1600/LeasePurchaseSign.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 240px; height: 229px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsaP0NefKFw4anjEYKy3d5wwRsaD686YaWOZmb1OqcQgoSTrtJojfaU5R_O84BOChuOl2XVobt23dQwVMVTv_n_DbzhHQCvSN8g9vN_fEWhyphenhyphenU4f1Cd6GB1YbJuLvkxU70U7nlpdAKC9BK2/s400/LeasePurchaseSign.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5706127852529130530" /></a> <br />
Every so often I get questions from buyers about doing a Lease/Purchase. A buyer client asked how it works, so I thought I'd address it again. <br />
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Many times buyers think that a Lease/Purchase and a Lease/Option are one and the same. They are not. A Lease/Option is a regular lease. At the end of the lease, the owner/seller, if he/she so chooses to sell the property, gives the first opportunity to the tenant/buyer to buy it. No money is paid to the seller as a down payment, and no monies paid as rent is applied to the purchase price. <br />
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The benefit of this type of agreement is that is "holds" the house for the tenant, IF the seller/owner is satisfied with their payment history. It allows for the tenant to save up money for a down payment, and it allows for the tenant to 'experience' what is wrong with the house while living there. Under this situation, the owner/seller/landlord is still responsible for all repairs and maintenance, something that will end once the buyer/tenant purchases the property. <br />
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A Lease/Purchase, on the other hand, is a Purchase and Sale Agreement that is already in place, but the closing is in the future (usually six to 12 months away), and the terms are altered in favor of the seller/owner. Since this is a risky transaction for the seller, much more is required of the buyer. In addition, the buyer must KEEP UP the house as if it is their own property. Things such as a dishwasher breakdown has to be repaired by the buyer. A leaky faucet must be repaired by the buyer as well. But since this is still a lease, the seller/owner still has the right to inspect the property at reasonable hours with reasonable notice. <br />
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Most times, there is a larger down payment for a Lease/Purchase than a buyer would make in a normal sale. This down payment is anywhere from $5000 to 20% of the purchase price. Most times, it is NON-REFUNDABLE to the buyer should the buyer be unable to secure financing. Part of the rent may or may not be applied toward the purchase price. That amount may be as small as $100 or as much as 50%-75% of the rent amount. Most of the time, owner will not apply a large portion of the rent to the down payment because of what they owe on the property. <br />
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Both of these situations are used when the buyer has impaired credit. Credit can be affected by a number of things such as a bankruptcy, previous short sale, debt that they cannot repay due to medical bills or other high debt, etc. And because of risk, sellers will usually only sell at "their" price, which is usually the list price of the house. <br />
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Sometimes sellers agree to a Lease/Purchase or a Lease/Option because they are soft-hearted and want to help out their fellow man. Other times, sellers who engage in Lease/Purchase agreements do so expecting the buyers to loose their down payment. <br />
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Lease/Options and Lease/Purchases are different from Owner Financing. Sometimes Owners will finance a purchase. The closing occurs just like in a mortgage lender-backed situation (typically 30-45 days). Owners typically amortize (base payments on) 30 years (360 months), but may require the buyer to refinance the house within 36 months of the sale. <br />
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Lease/Purchases, Lease/Options, and Owner Financing are sometimes tricky. You'll need a good agent to help you with those, whether buying or selling.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-48668720164136842042012-01-18T11:03:00.003-06:002012-01-18T11:07:40.685-06:00The Big Event - Kick-Off 2012!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbRurUTFW7KPHw_hs2fv4GXB2tSpcBY0883jqpTx4zjRI8V6uAk4Pfotmt4K2mNzhtYpvfBaTMcWIEUUrXlIPwWrqKGCrjqaPD6poutiUTac6OizjbJ-a91Tqd02zKhCwmaDAbEGITj6pr/s1600/C-L+Horizontal+Red.gif"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 47px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbRurUTFW7KPHw_hs2fv4GXB2tSpcBY0883jqpTx4zjRI8V6uAk4Pfotmt4K2mNzhtYpvfBaTMcWIEUUrXlIPwWrqKGCrjqaPD6poutiUTac6OizjbJ-a91Tqd02zKhCwmaDAbEGITj6pr/s400/C-L+Horizontal+Red.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5699019492811995090" /></a><br />It's our annual Crye-Leike kick-off and we celebrated a GREAT year! 2011 was a tough year for real estate, even though we still landed at the top of the heap. Over &750 million in sales for Middle Tennessee alone is nothing to sneeze at!<br /><br />CONGRATS, Crye-Leike agents. We're still #1 in Middle Tennessee. (Number 2 is at a distant $400 million in sales.) We're part of the best family of Realtors in the biz!<br /><br />And a BIG THANK YOU to my clients (I'm privileged to work with the best) who helped us get to where we are!JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-23404211359376291172011-09-11T11:23:00.003-05:002011-09-11T11:53:14.798-05:00I Remember ... We All Do!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTTGzavW-CVFBTkkjr3H4_xgYQr3XLIDuZ8cY549rEc6nhiKOJSI-9_3Z2-ZJ2UX9POrvSYmwLTghf1K8p6mRi8al0dEUg3Laww8IxLY0AX2ztNvjB_56Vq_I6RNj3D8W1B7_30ZUzyD8q/s1600/WTC+lights.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 266px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTTGzavW-CVFBTkkjr3H4_xgYQr3XLIDuZ8cY549rEc6nhiKOJSI-9_3Z2-ZJ2UX9POrvSYmwLTghf1K8p6mRi8al0dEUg3Laww8IxLY0AX2ztNvjB_56Vq_I6RNj3D8W1B7_30ZUzyD8q/s400/WTC+lights.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5651144823479507746" /></a><br />It was a typical day at the office. My job at LifeWay involved developing presentations for church clients, and I was diligently working away on the most recent topic when my boss, Mike Priest, came down the hall looking for a TV. When he popped into my office, he said, "The World Trade Center has just been hit by a plane." In my disbelief, I responded, "Mike, that's not funny." He went to say that his wife, Carolyn, had called and that he wasn't joking. I called Stephanie and told her the news. She hadn't seen it and tuned in to see what was going on.<br /><br />Across the hall, Wayne Poling offered his TV. Reception was not the best on our floor, but we managed to get a clear enough picture to then see the second tower hit, people jumping from the towers, and then the two towers collapse. It was an awful day. Work came to a screeching halt; eventually I called it a day and went home.<br /><br />On the way home, I called home and Stephanie and I talked about the day's events. We agreed on what and how we would tell our children. When I got home, the TV was still on, and Stephanie and I watched the news in horror, fear, and shock. It was almost surreal. The building that I had once been in, enjoying an amazing view of one of the world's greatest cities was now just rubble and history. By then, two other planes had been cited, one damaging part of the Pentagon and the other wrecking in Pennsylvania.<br /><br />We gathered our children in the living room and we told them that some bad men wanted to hurt our country. We explained that they had overtaken planes and had driven them into the buildings. We didn't have all the answers to their questions. But as best as we could, we comforted them and explained that God was still in control. We ended our family meeting with prayer for our country, the families of those who had been injured and killed, and the safety of all of us here.<br /><br />Over the next few weeks, all we could do was stay glued to the TV and radio. We could not get enough. What? Who? Why? How? All questions unanswered then, but eventually answered over time. Planes had been grounded, rental car companies were out of cars given to people trying to get home, and we knew that life, as we once knew it, would never be the same.<br /><br />I remembered back to my childhood and my grandparents and dad talking about the Japanese attack on Pearl Harbor. I remember, even 40 years later, the horror in their voices and the gasps in their words. It, like 9/11 for us, changed their generation forever.<br /><br />The real heroes of 9/11 were those who took control of that plane intended for Washington, DC. The heroes were those police officers and firefighters who risked their lives to save the lives of others. The heroes were those family members who survived the devastation of the loss of their loved ones.<br /><br />As a nation, we're resilient. We survive. We persevere. This would be no different. Ten years ago today, we remember ... remember the horror and devastation, and the lives that were lost to the anger of a group of people who wanted to hurt innocent people. But also the lives that we can celebrate who were saved because they arrived late to the office, or like the husband of my friend, Cheryl. Sam escaped death by volunteering to get everyone breakfast for his morning meeting at the WTC.<br /><br />Today, even with that horror fresh in my mind, I am grateful to live in the greatest country in the world. Yes, we have problems, but as a nation, we come together in a crisis. I'm very glad that we have been so blessed.<br /><br />Will you take a few moments to remember? I remember ....JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-55967388533801202112011-09-05T10:59:00.007-05:002011-09-05T12:38:48.354-05:00A Little More Than You Want to Know?!Recently reconnected to an old college friend through FaceBook, I got inspired to do a Google search on her. My former college friend is now a Personality Trainer and an author. And Danita is mighty good at what she does! You can read about Danita by clicking <a href="http://www.faithfulflipflops.com/p/about-me.html">HERE</a>.<br /><br />When we were friends at Oral Roberts University back in the 1980s, she actually introduced me to my first serious girlfriend, Shauna. For some reason, I was the "token male" at an intimate birthday party for a mutual friend, Cheshire, where we all had a blast. Needless to say, Shawna and I didn't work out (because I married Stephanie), but after all these years, Danita and I have reconnected and are enjoying remembering a little about the past, but more importantly, sharing what's going on with us in the present.<br /><br />Reading Danita's blog got me thinking about what people know about me. Yes, most know that I'm in real estate and that I was once married and that I have two kids (one is a senior and one is a sophomore in high school). But do you really know me? After a very messy divorce, I made the choice to become guarded. Fortunately, over the last few months and weeks, I've been challenged by friends to let that guard down a little. So, here goes ....<br /><br />- I like peanut Skippy Natural Peanut Butter right out of the jar. In fact, I've always had my "own" jar. Never used for sandwiches or peanut butter and crackers, it's exclusively for eating with a spoon. I like it best with organic skim milk that I've mixed with Hershey's Syrup.<br /><br />- I live in a condo in Franklin, TN. It's the modest part of town. Convenient to downtown Franklin, I walk to the Starbucks at Five Points for a Skinny Vanilla Latte on cold winter Saturdays, sometimes when it snows, or on rainy holidays like today. I always have a scone with my latte, and while there, I peruse <em>The Tennessean</em> to find out what the local headlines say.<br /><br />- I didn't choose real estate as a career; it chose me. Our family moved to Middle Tennessee in 2000 so I could take a job as a ministry consultant at LifeWay Christian Resources (no, not the store) and loved it. The church pastors and staff that I worked with were phenomenal people. After leaving LifeWay, I didn't know what I wanted to do, but I did know that I didn't want to work for anyone else. Real estate became the natural choice after talking with my former agent, Jan Page (she's the broker at the Crye-Leike Hendersonville, TN office).<br /><br />- I love rain because it feels cleansing to me. The music of the rain in the morning seems to clear away any low times I may have been experiencing, and sets the tone for a brighter day ahead.<br /><br />- As a kindergartner and first grader, my best friend was David Shearon. David's family moved to Laurinburg, NC when I was six and I cried over that. We visited them in Laurinburg a few times, then they moved to South Florida. The Shearons came by to visit once when I was about 14, but I wasn't home, so I missed them. With the invention of the internet and advent of FaceBook and Craigslist, I've been trying to find David, but no luck so far.<br /><br />- I was never a morning person until I married to Stephanie in 1988. She taught me how to be more disciplined from the first part of the day until the last part of the day. I miss her stability like that and her confidence in me.<br /><br />- My mother-in-law died of lung cancer in 2003. Losing her was like losing my own mother. She and I were alike in personality - outgoing, enjoyed people, etc. We were very close and I'm very glad that I had a wonderful relationship with her and that my children knew her before she passed away.<br /><br />- I've lived in seven metropolitan areas as an adult: Tulsa, Richmond, Chicago, Erie (PA), Virginia Beach, Jacksonville (FL), and Nashville. The two places I'd love to live: Dallas (TX) and San Diego (CA), but they're too far away from my children. My favorite place? Jacksonville, FL because I love the ocean.<br /><br />- On my Dream List: backpacking across Europe. If I couldn't backpack, I'd take a European trip and stay in hotels. Either would be fine. Another dream? To own my own restaurant in an old church building. It would be fine dining, so to speak, but with really great menu items, some of which were passed down from relatives. Other things on my Dream List: write a book, go to law school, and start a charity for divorced parents who have suffered at the hands of the courts.<br /><br />- The best chocolate chip cookies I've ever eaten are from a recipe that Stephanie and I tweaked. She got it from the mom of a childhood friend. Everyone loves them. And the best chocolate pie in the world is the one that my mother makes. The recipe is from Peggy Shearon, our next door neighbor when I was about five or six back in Williamsburg, VA.<br /><br />- I like to cook, and I'm pretty good at it, but don't like to cook for just me. When I do, I cook enough for multiple meals and take leftovers for lunch. Leftovers are much better than sandwiches or eating out.<br /><br />- My kids (Annie and Hunter) are my proudest accomplishments. I've always told them that if I had to pick out any kids for the "Kid Grocery Store" that I'd pick them out every time, no questions asked. I dream about them about three or four times a week. <br /><br />- When in college, I changed my major seven times. I started with Accounting and ended there, too, but experienced communications, biology, chemistry, marketing, music, etc. all along the way. If I had it to do all over again, I would have taken a break from college for a year to work, then would have returned to major in Marketing with a minor in Communications.<br /><br />- Seven years ago, a friend challenged me. He said, "Jack, you have such high expectations that you are robbing yourself of joy." I didn't like the comment, but I seriously contemplated it. The next day I began my "Gratitude List". At first I didn't think I could list even 50 items over a lifetime, but I had that many within the first 10 minutes. They flooded out of me. I now have about 2000 things on my list. That list keeps me going because it's a constant reminder that God is in charge and that I can always have hope.<br /><br />- I play several instruments, and enjoy playing piano the most. I haven't played in a while because I don't have a piano any more. My favorite piano I've ever owned was a baby grand that was in our living room. Hunter can play by ear, but Annie and I play solely by note. And, no, I won't play for your wedding, your Christmas party or your dinner. My piano teacher (Mrs. Garrison) was always on my case because she said I had loads of talent, but wouldn't practice enough.<br /><br />- If I could do any job without getting paid, I'd do what I'm doing now - real estate. I love it that much, but have to get paid to live. I miss the ministry, though, at times, but have no desire to go back to working on a church staff. One day I'll return, but in a different capacity.<br /><br />- As a kid, I was intimidated by sports because I was awkward and gangly. My interests today are backpacking, hiking, camping, working out, swimming, and running. Notice they're all basically individual sports. In college I took backpacking five times, even though I only got credit for it twice. I also took volleyball, tumbling and trampoline, and badminton. Looking back, those were actually fun to play.<br /><br />- I grew up in a dysfunctional family, but we've made it through those tough times. Looking back, they helped me to be a better man. <br /><br />- My dad taught me two very significant things: (1) Never make a decision when you're down; (2) Always be the best you can be in business - offer the highest customer service. Those two things have helped me greatly in life.<br /><br />- At 50, I'm looking forward to a tremendous decade. My forties were challenging, so I welcome the change. I now know that I know less now than I ever did!<br /><br />- My best friend is Richard Landry. Richard lives in New England, but we've been friends since we were sophomores at ORU (age 19). Richard has a great heart and has always been a friend to me, no questions asked, even in the most difficult of times. While not typically confrontational, he's confronted me when I've needed it, and he's joined me in celebrating joys in my life.<br /><br />- I work at Crye-Leike, Realtors in Brentwood, TN (the corporate office) because I believe in my company and love the professional service that we choose to offer. While other firms are closing their doors or merging, we are opening offices and are still selling more real estate than anyone around. <br /><br />- My clients are wonderful - I have been truly blessed. Most are referrals these days where past clients I've had are sending me wonderful new ones. I love it when a client trusts me to help them with their largest investment. And I enjoy seeing the "light bulb" go on when they either sell their home or find the one they want to buy.<br /><br />- Lastly, I'm learning not to ask God, "Why'd this happen?" but to ask, "What are you teaching me about You and/or myself through this?" It's really tough to ask those questions, and sometimes I don't like the answers, but I figure I need those experiences to grow.<br /><br />Wow! Now you know a little more ... maybe too much?! Thanks, Danita, for inspiring me to do this!JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-23029824758287738312011-09-01T07:00:00.000-05:002011-09-01T07:00:08.391-05:0010 Hot Spots for Real Estate Agents<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgCfCc8Zf06ptv2XnwHtYwDYIWRUGHax5gAV2uypeHI_vaK6MWB3MBAf3-6ESQUR0WzGNAe05cJdRcpEN1Sn4LrJAe2T2O0N0FUi62oaVFUsleFKkqX9DkMOyO0K4ECpN4FgbDRN-MkSa0/s1600/Guitar.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 300px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgCfCc8Zf06ptv2XnwHtYwDYIWRUGHax5gAV2uypeHI_vaK6MWB3MBAf3-6ESQUR0WzGNAe05cJdRcpEN1Sn4LrJAe2T2O0N0FUi62oaVFUsleFKkqX9DkMOyO0K4ECpN4FgbDRN-MkSa0/s400/Guitar.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5647053102255930658" /></a>
<br />If you still tune into David Letterman, you enjoy those top ten lists that he does. Well, Inman Real Estate News has it's "Top 10". But these are the top 10 best real estate markets for real estate agents to work.
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<br />Nashville made it into the top 10. Actually, we're number 10, proof that there is some stability in our local real estate market.
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<br />I still hear remnant remarks such as, "I'll sell when the market turns around." And the most frequently asked question, "Is the market starting to turn ?" still echoes in conversations at church and at the gym. The fact of the matter is that the market is what the market is, period.
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<br />Over the last few years, real estate agents have left this business because "the market was so bad". But a good agent knows that to survive, they have to be flexible and move with the market. However, Inman's article gives us great hope. It's not a false hope that implies that we will experience the market of 2006-2007 in a very short time; instead it's hope that we have left the bottom and are returning to a more stable market.
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<br />If you're interested in the article, it can be found <a href="http://www.inman.com/news/2011/08/26/10-hotspots-real-estate-professionals">HERE</a>. Check it out. It's an interesting read.
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<br />For help with your real estate needs, give Jack a call at 615-373-2044 or email him at jack@jackjernigan.com. You can check out his listings at www.JackJernigan.com. He's here to help.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-14259474864717591162011-08-25T08:37:00.004-05:002011-08-31T10:59:40.367-05:00LIVE SOLID<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUbiXlaawlYc6DtFq-cWMuCCm94tUbJDNM4fVGrkVmRAMBfn-Sq3k7yjQQpazggKIrhisjhR9CIgEuXdDxyTINJeHHkyWhyphenhyphenh8G2AN_lv0ctbbLiG40mD4rtO8gqM8nAOVsnRF3Y-e6o-3A/s1600/Suntrust+Flyer.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 309px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUbiXlaawlYc6DtFq-cWMuCCm94tUbJDNM4fVGrkVmRAMBfn-Sq3k7yjQQpazggKIrhisjhR9CIgEuXdDxyTINJeHHkyWhyphenhyphenh8G2AN_lv0ctbbLiG40mD4rtO8gqM8nAOVsnRF3Y-e6o-3A/s400/Suntrust+Flyer.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5647049908289555042" /></a>
<br />On August 17, I posted an article about the mortgage/housing crisis, citing the CNBC documentary film, "House of Cards". Multiple discussions have occurred as a result of that blog post. One of my discussions was with my good friend, Jason Kaplan, an excellent mortgage loan officer at SunTrust.
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<br />A few years ago, I had an incredible opportunity to meet Jason through buyer clients of mine. They insisted on using him to do the loan on their investment property. That transaction was one of the smoothest I'd ever had. Never once did I have to ask Jason for information. Before I contacted him, he called me to introduce himself, and to provide information that he knew I'd need. Immediately he earned my respect and friendship.
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<br />Clients who have worked with Jason say the same thing. They walk away from their purchase or refinance with confidence in him and in the process. If you're looking for a superb loan officer, give Jason a call. He can be reached at 615-329-3261 or via email at Jason.Kaplan@SunTrust.com.
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<br />Hiring the right real estate agent and mortgage loan officer are two very crucial and critical decisions. For professional service, contact Jack at 615-373-2044 and Jason at 615-329-3261. They're here to help you!JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-80765461033343520172011-08-17T12:43:00.003-05:002011-08-17T13:51:37.754-05:00House of Cards - The American Mortgage CrisisAiring in late 2009, this exclusive CNBC special, "House of Cards" was supposed to be an accurate depiction of the national mortgage crisis. Watching it yesterday, I can only wonder if it was totally accurate.
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<br />Don't get me wrong. We have suffered a mortgage crisis here in the U.S., mostly due to greed and unscrupulous lenders, investors and politicians. And while most of this video is accurate, there are a few facts that were left out.
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<br />The beginning of the special starts it's focus on the housing market AFTER 9/11 (2001). While that certainly was a point to begin their presentation, the fact remains that this crisis began back in the 1970s when Jimmy Carter was president. Carter (and Congress) wanted to make housing more accessible and affordable for those who could not buy a home. Inflation was at an all time high, and mortgage interest rates were in the double digits. To get the economy back in sync with incomes, Carter wanted to open up homebuying to more people.
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<br />During Clinton's administration, the president and Congress wanted to continue to open the floodgates for more homeowner, so rules and laws expanded. Barney Frank led the way because his hands were in the pockets of Fannie Mae and Freddie Mac. During the next administration, Bush wanted it expanded, too, but soon after, realized that we were in trouble. He pulled back and begged Congress to tighten things up in the mortgage industry. Too bad and too late. With Barney Frank leading the way, mortgages that required NO DOCUMENTATION (stated income) with NO DOWN PAYMENT were now the norm.
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<br />The blame did not lie just with the government. Greed set in on Wall Street and in local mortgage lender's offices to get more, make more. Unfortunately, many who are to blame, refuse to take responsibility for this crisis. You get the overall gest of the problems in this video. If you click <a href="http://www.hulu.com/watch/59026/cnbc-originals-house-of-cards">HERE</a>, you can see the chilling effect that this crisis has had on our country.
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<br />If you want a savvy real estate agent on your side, give Jack a shout. He knows the market and how to help you buy and/or sell a home.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com1tag:blogger.com,1999:blog-8688293842860031879.post-83800467119191579982011-08-09T14:17:00.005-05:002011-08-09T14:40:59.708-05:00Big Trouble in Big AmericaCheck it out. Yesterday, one of the nation's largest banks (and mortgage holders), Bank of America, saw it's stock drop 20%. This as a result of a lawsuit filed by AIG Insurance Company, the very day that S&P downgraded the US Debt and Fannie and Freddie. To read the full article, go <a href="http://www.globalpost.com/dispatch/news/regions/americas/united-states/110809/bank-america-stock-falls-20-percent-after-10-billion-lawsuit">HERE</a>.
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<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqmQy6apI3IzKj6-d8wRq_MTk1NecnnJowUEoCPxQghhySwxOMxghnfh-UybofOQo2NczId_5ql2SEM5srt1PO9CxlLrqKSbSOZxqmq59DBWLXBztjQBcOl63akqEB18xyNpyj4ISRAVCE/s1600/BOA.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 200px; height: 108px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqmQy6apI3IzKj6-d8wRq_MTk1NecnnJowUEoCPxQghhySwxOMxghnfh-UybofOQo2NczId_5ql2SEM5srt1PO9CxlLrqKSbSOZxqmq59DBWLXBztjQBcOl63akqEB18xyNpyj4ISRAVCE/s200/BOA.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5638942361898249666" /></a>
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<br />In my small world, deposit holders are flocking to BoA to withdraw their funds, and they're heading over to smaller, locally owned banks such as Reliant, Franklin Synergy, First Bank, Renasant, Tennessee Bank and Trust, and Avenue Bank. Other mega banks such as SunTrust are holding their own without any problems. Their conservative philosophy has proved to protect deposit holders and mortgage borrowers.
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<br />In this blog, I would never provide any financial advice (since I am not a financial advisor), but here's what I can say. BoA is the most problematic bank I've ever worked with in my real estate career, whether they were providing a mortgage for my buyer, or whether they were providing a mortgage for the buyer of one of my listings. They have never closed any of my transactions on time, appraisals have come back significantly lower than contract prices (and comparable homes in the area), and they seem to disappear whenever there are problems.
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<br />Things in the mortgage area are so difficult that my sellers are now stating that they "will NOT accept a financing contingency on their house from a buyer if the buyer is using Bank of America for their loan." A sad commentary on what was one of the strongest business entities in the U.S.
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<br />In the short sale world, BoA representatives are difficult to reach by phone and/or email, and their customer service leaves very much to be desired. A few months ago, there was a rumor that BoA was hiring out of work contractors, hair stylists, day laborers, etc. to man the phones. And when one person in one department was dealing with a problem, another person was stating that the problem could not be resolved.
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<br />Very reminiscent of Dell Computers several years ago, Michael Dell came back to Dell as the CEO and has apparently improved operations and customer service. Can this possibly happen to BoA? I'm not sure. Maybe BoA has gotten too large and so fat that it cannot be moved. Perhaps BoA is now more like the Titanic, and cannot be turned around. What should happen now?
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<br />People in real estate have varied opinions of the banking giant. Some believe that BoA is the strongest mortgage lender around; others disagree. If nothing about BoA's problems is significant, one thing is for sure: There are a lot of scared people out there.
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<br />For a savvy real estate agent to help you with all of your real estate needs, contact Jack Jernigan at 615-373-2044 or through email at jack@jackjernigan.com. JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com1tag:blogger.com,1999:blog-8688293842860031879.post-4963857896782710892011-03-24T12:48:00.004-05:002011-03-24T13:23:36.735-05:00My New Favorite Mexican Place<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqezzkUxJD9tyjy_K-nJfaj_HbkWXNHz69gO7vdmva_dfuC5bmfecO2GY_oL6ruOaIeXbb-jnBPnaN83-UhRwKOia0Cg2j8dh4SoQrs0t5c-9si4hmAdCinkl3CrKH6VcaCdCiJfpDshEU/s1600/Oscar%2527s+Taco+Shop+Logo.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 200px; height: 93px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqezzkUxJD9tyjy_K-nJfaj_HbkWXNHz69gO7vdmva_dfuC5bmfecO2GY_oL6ruOaIeXbb-jnBPnaN83-UhRwKOia0Cg2j8dh4SoQrs0t5c-9si4hmAdCinkl3CrKH6VcaCdCiJfpDshEU/s400/Oscar%2527s+Taco+Shop+Logo.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5587713197351580706" /></a><br />After such great experiences at Chuy's and Sopapilla's in Franklin, and El Mariachi in Nashville, I wasn't sure if there would ever be any reason to have another Mexican restaurant in Middle Tennessee.<br /><br />A few weeks ago, I was showing property in Nolensville. After leaving my clients to return to the office, I stumbled on Oscar's Taco Shop in a Nolensville strip mall. I stopped, more out of curiosity, and I'm glad I did.<br /><br />There are multiple Middle Tennessee locations. To find out where Oscar's has shops, check out their site by clicking <a href="http://www.oscarstacoshop.com/">HERE</a>.<br /><br />I'm a shredded beef lover and am frequently disappointed when a Mexican restaurant does not provide that on it's menu. That's why I love El Mariachi (on Thompson Lane near Sidco). I can always count on them to have a shredded beef chimichanga. <br /><br />When I got to Oscar's, the place was loaded with people. While there was nothing really special about the atmosphere, almost every table was full, and the aroma of delicious Mexican food was in the air. I was drawn into this new and fascinating place.<br /><br />I ordered the shredded beef tacos for lunch at the Nolensville location. A few weeks later, I went to the Cool Springs location (across from Centennial High School) with friends for breakfast and had the shredded beef burrito (with egg and cheese) for breakfast along with fried potatoes. And I've returned to both locations since. <br /><br />While the locations are pretty basic in appearance (laminate tables and benches, neutral paint colors, tile floors), the food makes the trip there worthwhile. This is a place I whole heartedly recommend. It's some of the best Mexican food I've ever had. Most of Mexican in the states is more of a Tex-Mex. Not so with this establishment. It's more authentic than others. Give it a try. You won't be disappointed.<br />___________________<br /><br />Give Jack a call if you're looking for real estate or want to sell. Jack knows the Middle Tennessee area, understands the mindset of people here, and is an expert in his field.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-34234718469848367332011-01-24T10:25:00.002-06:002011-01-24T10:54:19.017-06:00Do You Know What Today Is?In my list of crazy calendar days, today is "National Compliment Day". Who knows where this came from?! I sure don't. And it must be something to it because it can actually be found online. <a href="http://www.altiusdirectory.com/Society/national-compliment-day.php">CLICK HERE</a> for a quick link to the info on National Compliment Day.<br /><br />Who can you compliment today? There's no doubt that everyone needs a compliment every now and then. Whether mean or nice, everyone can use a nice pick-me-up today.<br /><br />Is there someone in your office or place of work who has done a great job? Or how about your son or daughter - are you proud of them? What about your spouse? Or a friend, parent or other relative?<br /><br />And there is one additional person you need to compliment - yourself. How many times have you patted yourself on the back said, "Great job!"? Isn't it time?<br /><br />Go out and have a great day today. Give someone that lift that they need. Maybe they'll pass it on.<br /><br />__________________________________________________<br /><br />If you are looking for a person who is positive but realistic about real estate, give Jack a call at 615-260-3599. He'll help you with all of your real estate needs.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-27487190782983814552010-11-03T11:08:00.004-05:002010-11-03T11:47:14.011-05:00Tips for Buyers<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmZsZJT7FJTg4R-zqgsoykIwk7a6k7EOA55Whv4_kffL8TXanqPfIeDxz1hQ8tDINXOAahmNSwqVO-77HzFf3JwIRxMDhTCmYOcRHOq9fr3BkQkcYyK1fT8orxMKt1_RhI59j2Ysg-iv9t/s1600/Belmont+Vandy+Home.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 266px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmZsZJT7FJTg4R-zqgsoykIwk7a6k7EOA55Whv4_kffL8TXanqPfIeDxz1hQ8tDINXOAahmNSwqVO-77HzFf3JwIRxMDhTCmYOcRHOq9fr3BkQkcYyK1fT8orxMKt1_RhI59j2Ysg-iv9t/s400/Belmont+Vandy+Home.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5535365271390846722" /></a><br />In the current real estate climate, it's easy to assume something is a very small and unimportant detail, yet it's those small details that prevent buyers from buying houses and that causes sellers to get their hopes up for a sale.<br /><br />Over the years, I've compiled a list of things that make buying a home much easier and stress-free for buyers, and I wanted to share those with you:<br /><br />1 - Be transparent with your real estate agent. If you already own a home, but don't want to sell it to buy the next home, tell your agent what kind of loan you have on your current house. FHA does not allow buyers to own two FHA-backed homes at the same time.<br /><br />2 - Use one of the mortgage lenders that your real estate agent recommends. That way, the agent is assured that the loan officer and bank are reputable, will be honest with the buyer up front, and will get the house closed.<br /><br />3 - Follow the process that your agent provides. I have a 10-step plan that I utilize with ALL buyers that makes the home-buying process a stress-free and easy process. Both novice and experienced buyers love this process and have said it was the easiest way to buy a house.<br /><br />4 - Insist that your loan officer be open and honest with your real estate agent. General protocol is that this happens, but occasionally you will run into a loan officer who declines to reveal anything to the agent. If there is a potential "glitch", then the agent needs to be able to ward that off ahead of time.<br /><br />5 - Do not feel that you have to disclose personal information such as income, debt, or credit score. Agents do not need that information. All we need to know is the amount you can spend on a house, the down payment, closing cost needs, time frame to close, and if you have to sell your current home.<br /><br />6 - Hire the agent who is helping you buy your home to help you sell your home. Those agents are much more motivated to get your home sold so your next purchase can close easily. <br /><br />7 - Ask questions if you don't know the answers. If something doesn't seem logical to you, then ask your agent about it. The agent should be able to answer your questions or find the answers very quickly.<br /><br />8 - Be patient and allow the process to take place. Sometimes buyers want to rush things or drag them out, but that's not necessary. Typically, it takes about 30 days to get a purchase closed, and with today's stringent rules, it may take a little longer.<br /><br />9 - Trust your agent. Sometimes buyers think that the buying process should/could take longer than it should. If an agent suggests a deadline to you, then follow that deadline because there is a reason why that deadline was suggested.<br /><br />10 - Relax. Purchasing a home can be stressful and challenging, but try to relax during this process. By allowing the agent to lead you through it, you can rest assured that things are being taken care of.<br /><br />These are just ten suggestions that help buyers make a purchase. In our current culture, banks and the government have made the process a little more challenging. By hiring the right agent and learning to follow his advice, the process can go from challenging and stressful to joyful and relaxing.<br />_______________________________________________________<br /><br />Jack Jernigan is an agent who makes the home buying process an easy and stress-free one. Jack knows the market and how sellers think. For all of your real estate needs, give Jack a call at 615-373-3513 or contact him via email: jack@jackjernigan.comJACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com2tag:blogger.com,1999:blog-8688293842860031879.post-58305469525246356142010-11-02T09:33:00.003-05:002010-11-02T10:15:14.592-05:00Nashville Does It Again!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ8-opGT-xF1AZcN2QmXiDbRFrwwa_7S0I7TDBOIdoBuB8Vh5IblTEoJPNCgk06TTrsy1cg64LNBx9x6-5YzKyAMIgrmZZ39vp-Wi5qFxDoiVbu6g3-crcSMPW6LEpcniVK50fi4OubApS/s1600/Nashville+Skyline.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 270px; height: 220px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ8-opGT-xF1AZcN2QmXiDbRFrwwa_7S0I7TDBOIdoBuB8Vh5IblTEoJPNCgk06TTrsy1cg64LNBx9x6-5YzKyAMIgrmZZ39vp-Wi5qFxDoiVbu6g3-crcSMPW6LEpcniVK50fi4OubApS/s400/Nashville+Skyline.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5534970248762882770" /></a><br />I'm proud to be a Nashvillian. Not that I actually live in Nashville, but living in the metro area gives me the right to say that I am Nashvillian. Aside from being too far from the ocean, I actually love it here.<br /><br />Nashville makes me proud because she's always evolving and changing, mostly for the better. Just recently, <em>Forbes.com</em> ranked Nashville as the fifth most affordable city to live in. To check this out, <a href="http://www.forbes.com/2010/10/28/affordable-cities-cost-of-living-lifestyle-real-estate-salaries.html">CLICK HERE</a>. You'll find the article interesting.<br /><br />And then, <em>The Daily Beast</em> ranked Nashville as the number 22 smartest city in America. Not too bad considering we compete with some major braniac cities around the nation. You can see the synopsis <a href="http://www.thedailybeast.com/galleries/2249/1/?redirectURL=http://www.thedailybeast.com/tag/education/">HERE</a>.<br /><br />Nashville is also the fourth real estate market most likely to appreciate, according to the <em>Local Market Monitor</em>. <a href="http://www.tennessean.com/apps/pbcs.dll/gallery?Avis=DN&Dato=20100929&Kategori=NEWS01&Lopenr=9290827&Ref=PH">CLICK HERE</a> to see the slide show. We've never had the major depression that other real estate markets have seen, but we have dropped a little. But we're on our way back.<br /><br /><em>Travel and Leisure</em> magazine ranked Nashville one of America's favorite cities. We rank the friendliest city in the nation. Click this <a href="http://www.travelandleisure.com/afc/2009/city/nashville">LINK</a> to see the report.<br /><br />According to a study done by Central Connecticut State University ranks Nashville as the 11th most literate city in the nation. Take a look at the top 20 <a href="http://www.tennessean.com/apps/pbcs.dll/gallery?Avis=DN&Dato=20100311&Kategori=FEATURES01&Lopenr=3110802&Ref=PH">HERE</a>. This is a compliment considering Tennessee has had it's educational challenges.<br /><br />Whether you live in Nashville or a suburb near it, we're all Nashvillians at heart. <br />______________________________________<br /><br />If you need help with real estate, give Jack a call. He knows the market and the area.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-81809689425609186862010-11-01T13:29:00.003-05:002010-11-01T13:35:15.546-05:00Tennessee Ranks Up There<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifWqG8kDSqnSq563GcOwUSDauvRTXLdask6ysuU1xxFDOr4bTPG13by7e5wowzL64fq2ElPByCFnZgbTlTvpa2t-KCyP7zX_XxCiTZBajEiZZUBwGIHkRgY8RZ-ECmoFPLXeGyl7DSQosh/s1600/2.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 300px; height: 300px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifWqG8kDSqnSq563GcOwUSDauvRTXLdask6ysuU1xxFDOr4bTPG13by7e5wowzL64fq2ElPByCFnZgbTlTvpa2t-KCyP7zX_XxCiTZBajEiZZUBwGIHkRgY8RZ-ECmoFPLXeGyl7DSQosh/s400/2.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5534651330183981986" /></a><br /><em>Site Selection</em> magazine listed Tennessee as the SECOND BEST STATE in providing a climate to do business. North Carolina was #1. Not so bad for this mid-south state, which ranks low in education and high in divorces per capita. I'm thrilled that we excel at something worthwhile.<br /><br />To read the article in <em>The Tennessean</em>, go to <a href="http://www.tennessean.com/article/20101101/BUSINESS/101101031">THIS LINK</a>.<br />___________________________________________<br /><br />Trust your real estate needs to Jack Jernigan. Jack knows Middle Tennessee and keeps up with what's going on in the area to make your home purchase or sale a profitable one for you.JACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0tag:blogger.com,1999:blog-8688293842860031879.post-73755904188291303972010-11-01T11:23:00.003-05:002010-11-01T11:43:07.560-05:00Thoughts About the Mid-Term Elections<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibOO0osvCO6e-USPZK_0dTjNzyHUcZnNbNH-_stgy2y3bc7jdOu2wImQz1p5eWa_fVZickIIRC65Cf0b45VS1xAePEuzFbqeftNt7uJR91WiBuTGdKif9X0yQHZ9h-mFAOJHtkTVC4sOyV/s1600/God+Bless+America+Flag.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 288px; height: 378px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibOO0osvCO6e-USPZK_0dTjNzyHUcZnNbNH-_stgy2y3bc7jdOu2wImQz1p5eWa_fVZickIIRC65Cf0b45VS1xAePEuzFbqeftNt7uJR91WiBuTGdKif9X0yQHZ9h-mFAOJHtkTVC4sOyV/s400/God+Bless+America+Flag.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5534622686919454930" /></a><br />Dear friends,<br /><br />Our country is at a crucial crossroads and tomorrow will decide our future for the next many years. <br /><br />Over the last several years we have bailed out banks and auto manufacturers, tried to bail out the housing industry, spent much more money than we could ever fathom in three lifetimes, and our Congress is at odds within itself, providing a very dim future for my children and grandchildren.<br /><br />To be honest, very little of what has happened inside Washington beltway over the last few years has been productive. Americans are divided, Republicans and Democrats are blaming each other, people who want fiscal responsibility are getting a bad "rap", and nothing is being resolved.<br /><br />American is not a perfect place, but after having personally seen destitute third-world countries where people have nothing, by comparison, we still live in the greatest country on this earth. <br /><br />While I tend to be more far-right in my beliefs, the American people, in general, tend to be a little right of center. Our Congress no longer reflects the will of the people, so I am asking you, my friends, to vote tomorrow. Let's get America where she needs to be again by electing representatives who will guide us back toward where Americans stand.<br /><br />Will everything ever be resolved? No. We are an imperfect people living in an imperfect country. But we can do our best. This is the time to vote, and then to make your thoughts and desires known to those who represent you.<br /><br />When I lived in Davidson County, I contacted my congressional representative. That person was willing to meet with me privately, but was not willing to hold a town hall meeting to hear from the majority of his/her constituents. He/she said that no town hall meeting would be held because he/she wanted a "controlled environment". That tells me that the representative knew what the constituents wanted but was unwilling to hear us out. That representative voted in favor of a unpopular bill and now tries to uphold an image of a "friend of the people." That person is coming up for re-election and should be voted out.<br /><br />The purpose of this letter is not to sway any of my friends to vote for a specific candidate, but it is to share that we DO NEED CHANGE! It is time to take a stand, America, and to take back our government. And if the ones we elect this time do not do the job, they need to be voted out the next time, too.<br /><br />Until 2008, I was never an actively political man. However, after seeing the path that our country has taken, I firmly believe that ALL AMERICANS should take a stand for ourselves, our families, our homes, our jobs, our economy, and our freedom, as defined by the Constitution of the United States.<br /><br />Sincerely,<br /><br />Jack JerniganJACK JERNIGANhttp://www.blogger.com/profile/00261060077699158209noreply@blogger.com0