Nashville, Tennessee, is well-known for being a hub of country music. Home to the Grand Ole Opry House and the County Music Hall of Fame, the city attracts country music fans from across the country. This thriving city is also home to Vanderbilt University and Tennessee State University. Nashville has the largest population, with more than 690,000 residents.
Nashville is the capital of Tennessee and sits in the north-central part of the state. The city borders the Cumberland River and the Highland Rim. The city is very hilly. Residents can take advantage of the MTA bus system to navigate the city.
Nashville is surrounded by a lot of greenery. The green hills and grass are thanks to the city’s 49 inches of rain each year. Nashville is rainier than the average city. On average, Nashville sees just 4 inches of snow annually, significantly less than the national average of 28 inches. Residents can expect warmer summers with high temperatures hovering at 89 degrees Fahrenheit. While the hottest months rarely top 90, the humidity levels average close to 70% in the summer. Winter lows dip to around 27 degrees Fahrenheit.
Understanding the neighborhood where you’ll buy or sell a property is critical. The real estate industry has a well-known phrase: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, a closer look at the community will help you understand the market and investment potential more clearly.
Need to sell your home fast? Get an offer from Brick, fast!
Whether you’re moving on a deadline or you just want to speed up the sales process so you can move on faster, we can help. We offer:
Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take up to 45 days to close. At Brick, we’ll make a fair, cash offer within days.
No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.
No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We can even buy properties sight unseen. We also buy properties in any condition.
Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.
Housing Market Trends in Nashville, Tennessee
Nashville is a competitive housing market. Many homes in the city receive multiple offers; the average home sells for 4% above the asking price. The cost of homes increased by more than 22 percent between 2021 and 2022, though the number of sales declined by nearly 11 percent. The median sales price for a home in Nashville is $469,950. The average home stays on the market for 17 days.
In July of 2021, the median sales price for a home in Nashville was $395,000, and houses stayed on the market for 27 days. The last five years have been good for homeowners and sellers. In July 2018, the median sales price for a house in Nashville was $269,995, and homes stayed on the market for 45 days.
May and June historically see the highest number of sales, while January regularly sees the lowest number of home sales.
Tips for Selling Your Home Fast:
Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be a necessity. Whether you’ve decided to start a new life across the country on a tight deadline or are just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house:
- Need to sell a home quickly to avoid foreclosure?
- When you need to sell your home fast, what are your options?
- How to sell a house that needs work when you don’t want to do it.
Critical Tips for Selling Your Home:
Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare for the sales process can make a world of difference when t comes time to part with your house. Here are a few things to consider:
Why are you selling?
Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with sales, including setting expectations for a sales price. It can also help you emotionally process the transaction to let go of your property.
Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:
- Ignore staging advice
- Overprice the home
- Respond irrationally to lower offers or requests for repairs
- Fail to market to their target audience
If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell.
What are your selling needs?
Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process. Which of these are concerns you have about your upcoming move?
- Cost of relocation
- Access to equity in your property
- Ability to provide seller financing
- Time to pack and move
- Cost of realtor fees and closing costs
- Cost of repairs
- Finding a buyer to purchase the property as-is
- Desire or ability to manage walkthroughs and appraisals
Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable or able to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be a better option.
Prepare for signing and closing
Signing and closing are the most anticipated parts of selling a house. This final step makes everything official. The process can vary depending on whether you sell your home through the traditional market or with an ibuyer.
If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could fall if a buyer isn’t approved for financing or the lender refuses to fund the loan because the property appraises for less than the offered amount.
You’ll meet with the lender and the buyers during closing and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed, and the title is transferred into the seller’s name, the home is no longer yours.
When you work with an ibuyer, the closing process is a little different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in days instead of weeks.
What does Nashville, Tennessee have to offer:
While Nashville is primarily known for its country music roots, the city has an array of entertainment, dining, sports, and outdoor activities to enjoy. Residents are located just three hours from the Great Smokey Mountains. Some popular attractions in and around Nashville include:
- Country Music Hall of Fame
- Country Music Museum
- The Parthenon
- Grand Ole Opry
- Gaylord Opryland Resort
- Frist Art Museum
- Nashville Zoo
- Andrew Jackson’s Hermitage
- Belle Meade Historic Site & Winery
- The Johnny Cash Museum & Café
- Tennessee State Museum
- Centennial Park
- Lane Motor Museum
- Tootsies Orchid Lounge
- Bicentennial Capitol Mall
- Percy Priest Lake
- Belmont Mansion
- Musicians Hall of Fame & Museum
- National Museum of African American Music
- Long Hunger State Park
- Radnor Lake State Park
- Cumberland Park
- Walk of Fame Park
- Fort Negley
- Beaman Park
- Patsy Cline Museum
- Riverfront Park
- Two Rivers Mansion
- War Memorial Auditorium