Murfreesboro Real Estate: Bob Parks Realty #2

According to the Nashville Business Journal, Bob Parks Realty has ranked toward the top of the list for Residential Real Estate firms in Middle Tennessee!!!!!!!

Bob Parks Realty

2011 rank: 2

2010 rank: 3

This firm ended 2010 with 2,848 company sides on a transaction. Gross sales for the firm were $560 million and the average sales price for the year was $204,300.

For 2011, we are up over 30% in sales as a whole for the company! That is very promising news for the recovery of the fundamentally important real estate business and it's affect on the overall economy.

Murfreesboro real estate is not nearly as devastated as many markets, but we have all obviously been affected by the slump in the economy. The absorption rates of homes on the market is decreasing, and the sales prices will begin to increase over time. So whether you are buying or selling Middle Tennessee Real Estate with Bob Parks Realty, remember that we have over 400 agents cooperating to get your home bought and/or sold, and that choosing me means choosing a team of over 400:)

Murfreesboro Real Estate: The Good, the Bad, The Ugly

Suffice it is to say that Murfreesboro Real Estate can be complicated.

It can be easy.

It can be pretty.

It can be ugly.

One of the single largest complaints I hear from buyers right now is about PMI. It takes the No. 1 Ugly Award right now. Ugh. It has actually perturbed and irritated several of my prospective buyers to the point that they have made the decision to withhold from purchasing until they can put down 20% on a conventional loan to avoid paying it.

Why wait for the market to reach the fully corrected level with full prices to avoid a nominal monthly fee? A real estate purchase, is and will always be however, a smart investment...regardless of PMI. Yes, even now. There. I said it. So, let's talk avoiding PMI...

1: Get the down payment from a different source if possible (i.e. relative) in order to have your 20% on a conventional loan. The lending restrictions on these loans may be more strict, and the rates may be slightly higher than with FHA, but with FHA regardless of a 20% down payment, PMI will be required for at least 5 yrs. typically. The downside to option 1: you still have to pay the relatives back.
2.: "Lender paid PMI:" the lender actually pays the PMI, but the interest rate gets a little bump. This sometimes, but not always, can be more cost effective than you paying the PMI.
For certain income earners having the lender pay the PMI can be beneficial because you can write off the interest on your taxes. This is honestly true for everyone, however in 2007 PMI became tax-deductable as well (for purchases 2007 and later) and for households earning less than $100,000 annually. The deduction is on a graduated scale of phasing out for up to a $110,000 annual income.
3.: Utilizing the VA loan for those who qualify.
4.: Utilizing the USDA/Rural development loan. This type of loan has an eligibility restriction on the properties that can be purchased, however, when combined with the typically lower taxes on rural properties, and the lack of PMI requirement, this loan can be incredibly cost effective. This loan can also afford up to 102% LTV (loan to value). So, down payment is avoided as well.
Historic prices, historic rates, and a corrected and balanced lending and purchasing climate all equal to the best possible time to make the investment, and even though that's the thinking that got a lot of people into a mess, and upside down in houses etc, let's face it: we are all being punished by stupidity. People bought things that they couldn't afford, they got money they couldn't pay back, and now the real estate market has been teetering on the brink for several years, but while it teetered it become a more balanced and level playing field. With new lending practices, a new appreciation for the economy and economics as a whole, and a new market flooded with affordable and cut rate housing the real estate market is a new place...a place where those who have stable incomes, low debt, and affordability can still purchase, and purchase at a gain in many cases from day one. Sure, you have to have a down payment now, but is 3.5% really too much to ask to be able to put down on the single largest investment that most of us will ever make? Probably not. Yes, PMI sucks. It takes money out of your pocket that could be put toward the principal. But, we all pay for insurance be it automobile, home owners, life, disability, or health, what's one more insurance payment in the grand scheme of things especially when it's honestly short lived in most cases (and can be completely avoided with certain specs)? . Buying in this climate, where in some instances a buyer can start with equity on the date of closing, will that low monthly payment somehow magically counteract all of the benefits of home ownership to the point that it should be avoided? Absolutely not.

125 LANCASTER GATE PLACE, Murfreesboro, Te $119,900

1225 CASON TRAIL, Murfreesboro, TN $174,900

Bob Parks Realty: The Best of Middle Tennessee Real Estate

Bob Parks Realty: The Best of Middle Tennessee Real EstateXX
A real estate agent is only as good as the tools, resources, and company said agent calls home:)
I can be the most gung-ho, hustling, energetic, outgoing agent I can be, but certain tools and resources are necessary for me to maximize the opportunities and market presence I need to fulfill my obligations to my buyers and sellers...so...I thought that giving some background for the company I am with would be beneficial. I chose Bob Parks Realty when I got my license for 3 reasons: 1.) REPUTATION, 2.) MARKET PRESENCE, 3.) PROFESSIONAL DEVELOPMENT. Staying on the cutting edge of the industry during this time of growth and change is key, and I feel that I am best served and able to do that at Bob Parks Realty. Here is a synopsis of our company, and a word from Bob Parks...
A Message from Bob Parks: The Future of Real Estate in Middle, TN


Now is the time to think about real estate! With tax credits, the low interest rates, and with the over-correction of the local real estate market, affordability has reached levels that we have not seen for years! And, it’s unlikely buyers will see this type of market for many, many years to come.

Promising news for home buyers and owners:

January 2010 marked the fourth straight month where homes sales increased. This is followed by 39 straight months of declines. This trend is expected to continue with a 5-10% increase throughout 2010.
New construction experts agree that 2010 will see this number begin to climb too. A shortage of inventory is likely to occur in late 2010 in lower to mid-range price points.
Steve Murray, a nationally recognized real estate expert notes: We are in a soft-bottom and have started a long slow recovery.
A Time to Buy! An $8,000 tax credit is available for first-time home buyers until April 30, 2010

A $6,500 tax credit is available for current home owners who have been in their home for five consecutive years and plan to purchase a new or used home by April 30, 2010. (see all the details under the “client resources” link at www.bobparks.com)
Interest rates remain at historic lows. As of late February 2010, 15 year fixed rates are near 4.5% and 30 year rates are around 5% for home loans.
Most financial experts believe rates will begin to rise in the coming months
Who We Are

Nominated for "Best in Nashville Business" and winner of numerous other awards, Bob Parks Realty is home to over 400 agents in Brentwood, Franklin, Hendersonville, Murfreesboro, Mt. Juliet, Nashville, Smyrna and the surrounding area. Bob Parks Realty is a member of "Partnership 2010," a program developed and managed by the Nashville Area Chamber of Commerce. This partnership program is comprised of leading local companies who are the first to be informed on growth and opportunity within Nashville and Middle Tennessee. This means we are able to play a crucial role in recruiting companies to relocate to our area bringing employment opportunities and new residents.

We are proud to offer a full menu of residential real estate services including relocation expertise, mortgage assistance, residential development, auction services, a commercial real estate division, property management, and much more.

Click here to see Murfreesboro Homes for Sale.

Happy House Hunting:)

Luxury Properties in Murfreesboro, TN

Murfreesboro homes range from under 100k to over $2million dollars, and in every pricepoint there are gems, however, the luxury homes we have listed in Murfreesboro are glittering jewels!

Murfreesboro real estate is some of the most beautiful, affordable, and varied you will find in the country. We have it all! Rolling hills, waterfront property, flat farmland, lush forestry, urban chic, and rural elegance...all can be found by your Murfreesboro Realtor.

I, and Bob Parks Realty, are committed to providing a level of service you expect and deserve. That is why we are proud to be members of the "Leading Real Estate Companies of the World™ and "Who’s Who in Luxury Real Estate."

The Luxury Portfolio Fine Property Collection is comprised of the very best independent luxury real estate brokerages from all over the world and is the flagship luxury program of Leading Real Estate Companies of the World™.

"Who’s Who in Luxury Real Estate" is a compendium of the finest residential real estate firms from around the world. Inclusion in this directory is by invitation only.

Click here to view luxury homes in Murfreesboro, TN.

Or:

Click here to view all Murfreesboro, TN homes.

106 Inglewood Ct. Murfreesboro, TN 37127

Jackie Hogencamp Bob Parks Realty 615.507.9349, 615.896.4040 106 Inglewood Ct., Murfreesboro, TN 100% Financing Eligible, County Taxes, and HUGE YARD!!! 3BR/2BA Single Family House offered at $139,900 Year Built 1994 Sq Footage 1,510 Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking Unspecified Lot Size 21,780 sqft HOA/Maint $0 per month DESCRIPTION Gorgeous home with large fenced yard, 2-tiered deck, new roof, new water heater, and immaculately kept! Must see. County taxes, 100% financing eligible, and move-in ready!! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - High/Vaulted ceiling - Walk-in closet - Tile floor - Living room - Bonus/Rec room - Breakfast nook - Dishwasher - Stove/Oven - Microwave - Laundry area - inside - Balcony, Deck, or Patio - Yard - Jacuzzi/Whirlpool ADDITIONAL PHOTOS Photo 1 Contact info: Jackie Hogencamp Bob Parks Realty 615.507.9349, 615.896.4040 For sale by agent/broker Equal Opportunity Housing Posted: May 4, 2010, 12:31pm PDT