Nashville and Surrounding Areas in Middle Tennessee
Nashville First Time Home Buyer
Affordable Townhome only $153,900
913 Coarsey Dr, Nashville, TN
Open House
Presented By:
Shameka Britton
Real Estate Agent
PARKS
615-772-7546
Licensed In: TN
License #: 350771
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$ Click for current price
2 BEDROOMS | 1 full, 1 half baths BATHROOMS | 1216 SqFt
READY TO MOVE-IN TOWNHOME IN GATED COMMUNITY! This 2 Bedroom Townhome offers a Spacious separate Dining Room, Large Living area, Updated bathroom and HVAC is only 1 years old. Now let’s talk about the location: This home is 12 minutes from Downtown Nashville, 15 minutes to Belmont University, 10 minutes from Trevecca Nazarene University, and 10 minutes to Nashville International Airport. These units are Owner Occupant which give a community feel.Â
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Setting Your Home Inspection Expectations
Once your offer is accepted, it’s important to get a home inspection before you close on the property. As a First Time Homebuyer, I stronger recommend never skipping this step in the process. A home inspector will look for any major problems with the property that could cost you money down the road. If they find any serious issues, you may be able to negotiate with the seller to have them repaired or ask for a lower purchase price. Let’s discuss exactly what a Home Inspection is?
What is a Home Inspection?
A home inspection is an examination of the condition of a residential property. It is usually conducted by a qualified professional who will evaluate both the interior and exterior components of the house. The purpose of a home inspection is to detect any potential problems that might affect the value or safety of the property and to give buyers an accurate assessment of the overall condition of the home.
Who should you hire for your home inspection:
When choosing a home inspector, it is important to find someone who is experienced and certified. They should also be knowledgeable about local building codes and have an understanding of what they’re looking for when examining the property. The home inspector will provide an inspection report detailing any issues that were found during their examination as well as photos or diagrams of any problem areas.
Average home inspection cost
Home inspections typically cost between $300 and $500 and take around two-to-four hours to complete depending on the size of the house. In addition to a home inspection, other types of inspections may need to be done such as a septic system inspection, a termite inspection, and/or a radon gas test. These additional inspections will depend on the area and your findings from the initial home inspection. Although the buyer is responsible for these costs, it gives you peace of mind about your home’s condition.
How to prepare for the Home Inspection:
Before the inspection, you should thoroughly review the property disclosure documents you previously received. Make a list of any questions or concerns you have about the documents and address any issues that the listing agent may have pointed out.
Common Issues found in home inspections:
A home inspection can reveal many things about a property. Structural damage, electrical problems, plumbing leaks, or moisture/mold are some common issues that may be discovered through this process. These can all have significant impacts on the value and safety of the property.
What to do if there are major issues discovered the inspection.
No one wants to hear that their home has issues, especially major ones. But if you do find out that there are problems after an inspection, don’t panic. Here’s what you need to do.
Step 1: Review the Report Carefully
The first thing you need to do is review the report carefully. Don’t just skim it; take the time to read through it thoroughly so that you understand what the issues are and where they are located in your home. If there are things you don’t understand, be sure to ask your inspector for clarification.
Step 2: Prioritize the Repairs
Once you know what needs to be fixed, you’ll need to prioritize the repairs. Some issues will be more pressing than others, and you’ll need to decide which ones need to be addressed immediately and which can wait. In general, any repairs that involve safety should be at the top of your list, followed by anything that could lead to further damage if left unaddressed.
Step 3: Get estimates from contractors
Repairing major issues can be expensive, so you’ll want to get estimates from a few different contractors before making any decisions. Be sure to ask each contractor for a detailed breakdown of their estimate so that you can compare them side-by-side. And don’t forget to factor in the cost of any permits that may be required.
Step 4:Negotiate with the Seller
If you’re buying a home, you’ll need to negotiate with the seller about who will pay for the repairs. In some cases, they may be willing to lower the price of the home so that you can cover the cost of repairs yourself; in others, they may agree to pay for all or part of the repairs themselves. It doesn’t hurt to ask—the worst they can say is no! Â
Conclusion
A home inspection is an important part of the buying process and can help ensure that you are making a sound investment. Make sure to hire a qualified, certified inspector and have any questions or concerns addressed during your meeting with them. Depending on the condition of your home, you may need to get other inspections done before closing. Make sure you factor those into your budget when you are planning. If the inspection shows that there are some big problems with the house, don’t worry. Just follow the steps above to figure out what to do next. Setting your home inspection expectations will help you to avoid any surprises and ensure that your home is in good condition.
If you have additional questions regarding the Home Buying Process. Please feel free to contact me.
Discover Your Ideal New Construction Home in Nashville, TN
Looking for the perfect new construction home in Nashville TN or the surrounding areas? You’ve come to the right place. Finding a home that fits your style, needs, and budget doesn’t have to be overwhelming—we’re here to make it easier.
Our curated selection of new construction homes spans some of the most sought-after locations in Middle Tennessee, including Mount Juliet, Lebanon, Franklin, Hendersonville, White House, Gallatin, and Clarksville. Whether you’re searching for a starter home, a move-up property, or your forever home, you’ll find options tailored to your unique lifestyle.
Start exploring today and let your journey to the perfect new construction home begin.
New Construction by County
New Construction by Price
$200,000-$300,000
$300,000-$400,000
$400,000-$500,000
$500,000 -$750,000
$750,000 -$1,000,000
$1,000,000 and Up
THE BENEFITS OF OWNING A NEW CONSTRUCTION HOME
If you’re in Middle Tennessee, buying a new construction home can be a smart investment. Many cities in the area have seen a surge in new construction homes lately, which come with unique advantages that older homes don’t offer. Let’s explore four benefits of owning a new construction home in Middle Tennessee.
Benefits of Owning a New Construction Home in Middle Tennessee
- For one, with a new construction home, you’ll have the freedom to tailor it to your lifestyle and taste. You may have the option to customize features such as countertops, flooring, cabinets, and more, making sure it’s perfect for you.
- Secondly, new construction properties are built using energy-efficient materials and appliances. This means you could save a considerable amount on your energy bills every month. Also, since the property is new, it’s less likely to have any structural issues that could create drafts or leaks.
- Another advantage of owning a new construction home is that you’re less likely to need any major repairs or maintenance for the next few years. That way, you can enjoy your home without worrying about unexpected expenses.
- Finally, your new construction home comes with a range of modern amenities that make your life easier and more convenient. For example, it could have walk-in closets, modern kitchens, and smart home technology.
Owning a new construction home in Middle Tennessee can offer several benefits, ranging from customizability to modern amenities. By considering the benefits listed above, you can make an informed decision on whether a new construction home is a right investment for you. With
ADDITIONAL PROPERTY COLLECTIONS
4 Mistakes That Could Delay Lender Approval
Avoid these 4 Mistakes When Buying a Home
It’s no secret that buying a home can be a complicated process. Unfortunately, many first-time buyers make costly mistakes in the loan process that delay or even torpedo their loan approval. Here are four of the most common mistakes to avoid if you want to make your mortgage process as smooth as possible.
Not including all relevant information in your financial profile.
One mistake that many first-time homebuyers make is failing to include all relevant information in their financial profile. Lenders will want to see a complete picture of your finances, including your income, debts, and assets. Leaving out any key information could lead to a delay in your loan approval.
It’s important to be completely honest with your lender about your financial situation. Lenders need to know everything to make an informed decision about whether or not to approve your loan. If you’re not truthful, you could end up being denied the loan.
Assuming pre-approval is equal to actual approval.
The second mistake that could delay a first-time homebuyer’s loan approval or even cause a denial is assuming that the pre-approval is final. The pre-approval for a mortgage means that you talked to a potential lender or maybe even provided some documentation that gave the impression that you will be approved for a certain amount. Don’t be confused – this is not an actual approval. To obtain the final loan approval, your file will be reviewed by an Underwriter. When you are “underwriting approved†you will be able to get final loan approval.
Items the underwriter will review.
Employment History: First-time homebuyers may not have a long employment history to show. Lenders like to see at least 2 years of consistent employment. If you have had any gaps in employment, be prepared to explain them.
Income: Be prepared to provide the documentation to the underwriter. They will request your most recent pay stubs, W2 and/or tax returns. The underwriter will want to verify that your income is sufficient to cover the new mortgage payment.
Assets: You will need to provide bank statements for the past few months to verify that you have the funds necessary for the down payment and closing costs. The underwriter will also look at your debt-to-income ratio to determine if you can afford the new mortgage payment.
Credit Score: Your credit score is one of the most important factors in determining whether or not you will be approved for a loan. Avoid making any major purchases and/or obtaining any new credit lines during this process.
Not providing all the required documentation.
Another mistake that could delay lender approval is not providing all of the required documentation. When you apply for a loan, the lender will request a variety of documents. If you don’t provide all of the requested documentation, the lender won’t be able to approve your loan.
Your lender may request the following documentation:
In addition to the documentation mentioned above, You will be responsible for ensuring the underwriters knows where funds for the down payment and closing cost are coming from. Do not move money around to different accounts or receive large deposits from friends or family. A good documentation trail helps during the mortgage approval process.
Not only do you need to provide all of the requested documentation. Remember that time is of the essence. To ensure all deadlines are met, provide the requested documentation to the Lender as soon as possible.
Not knowing enough about mortgage rates.
Not understanding how interest rates work is the fourth mistake that many first-time homebuyers make. The lender cannot lock your interest rate until you have an accepted offer. Until then, if interest rates increase, it could jeopardize the pre-approval. Let’s discuss why that’s the case. When interest rates climb, the buyer’s borrowing capacity decreases. For example, A buyer pre-approved to purchase a home for $350,000 at a 3% interest rate, could only be approved for $275,000 at 5%. As you can see, that’s a major difference in the approval amount.
In Conclusion:
First-time homebuyers need to be aware of a few potential mistakes that could delay lender approval. These include: not being honest on the loan application, providing insufficient documentation, not knowing enough about mortgage rates, and making large deposits during the loan process. By avoiding these mistakes, you will be well on your way to successful mortgage approval.
