Where are home values today compared to the beginning of the year?
Where are home values today compared to the beginning of the year?
The Top 10 Things You Need To Know Before Purchasing Your New Home
The Top 10 Things You Need To Know Before Purchasing Your New Home
- You’ve Got A Deal!
- Is It Really Worth That Much?
- Yes, But Will You Fix It?
- Home Insurance, Title Insurance, Home Warranties OH MY!
- Closing?! Did Someone Say Closing?!?!
- Welcome Home
- The Most Important Part
Read a little about each....
Three Adjacent Lots in Four Seasons Resort on Center Hill Lake!
Don't miss out on this opportunity!
Four Seasons Resort, a gated community on Center Hill Lake. Watch video below!
- Build your weekend get-away or live here year around.
- Level lots on one acre.
- Boat Dock
- Marina
- Community Swimming Pool
- Tennis Courts
- Basketball Courts
- Family Walkway
- Walking Trails, and more.
How Much Do You Need to Make to Buy a Home in Your State?
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.
States in the Midwest came out on top as most affordable, requiring the smallest salaries in order to buy a median-priced home. States with large metropolitan areas saw a bump in the average salary needed to buy with California, Washington, D.C., and Hawaii edging out all others with the highest salaries required.
Below is a map with the full results of the study:
GoBankingRates gave this advice to anyone considering a home purchase,
“Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment. To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income.”
As we recently reported, research from Zillow shows that historically, Americans had spent 21% of their income on owning a median-priced home. The latest data from the fourth quarter of 2017 shows that the percentage of income needed today is only 15.7%!
Bottom Line
If you are considering buying a home in TN, the suggested income is $42,000 for a home in the median range. Let us know if you would like to be connected to a lender for more information.
Article provided by KeepingCurrentMatters.com.
DOUBLE TAKE: Featuring the event for Down Syndrome Association of Middle Tennessee.
Millionaire Advice: If you don’t yet live in your own home, go buy one.
Free Pictures w/ the Easter Bunny
Make plans to join us for FREE pictures with the Easter Bunny, crafts, and fun!
* FREE 4x6 picture & FREE digital copy
* FREE crafts and fun for ALL ages
* Saturday, March 24, 2018, 10am to 2pm
* Bring the kids... Bring the furry animals!
* 1574 Medical Center Parkway, Suite 202
* Hosted by Jason Fraker, Red Realty LLC
* Sponsored by:
Jeannine Dalton, Guaranty Trust Company (Gold Sponsor)
Blake Finney, Shelter Insurance (Silver Sponsor)
Brent Scott, Premier Home Inspection, LLC (Bronze Sponsor)
80% of Renters Believe...
80% of Renters Believe Homeownership is a Part of Their American Dream!