REALTOR Roundup

Business is all about risk vs reward. Investors and entrepreneurs constantly weigh the pros and cons of how risky a move is against how large the potential payoff is, the upside. It’s a lot like chess, when you can see the entire board, you can make moves that pay off down the line.

Welcome to the heart of the South, where the music plays on and the real estate market hits all the right notes. Nashville, Tennessee, stands tall with a booming real estate sector that has caught the attention of developers far and wide.

Voting is an essential cornerstone of any thriving democracy, providing citizens with the power to shape the future of their community. Casting a vote can bring about substantial changes in government, both positive and negative, that can directly impact our economy.

What do real estate transactions and jigsaw puzzles have in common? Buyers and sellers certainly understand the overall real estate transaction process but what may surprise them are the detailed pieces in the middle, much like a puzzle, required to keep everything on track to completion. Let’s compare the details.

As Realtors, the most effective approach when representing an estate in a sale is to manage expectations and ask relevant questions. With the transfer of wealth from baby boomers to millennials and Gen Xers in the real estate market on the rise, encountering an estate is inevitable.

In less than a month, a multitude of Nashville residents will head to the voting booths to exercise their fundamental democratic privilege. Nashvillians will cast their votes for the candidates they deem most qualified to represent our city as mayor and for their specific districts.

I recently took a class called Bias Override taught by a dynamic local instructor, Monica Neubauer. While it can be hard to take an honest inventory of Realtor's participation in business practices that were harmful to many minority groups, it is necessary to work to embark on and it is crucial we take accountability. Even with Fair Housing Laws and the Realtor Code of Ethics, we have more to learn and a long way to go before all humans wanting to buy or sell real estate have equal access and fair dealings.

Density and multifamily housing have been talking points among many groups here recently as housing prices remain high and inventory shrinks due to high-interest rates. Both developers and homebuyers are sharing that burden. Many homeowners are hesitant to upgrade because they’ll lose their low-interest rates, and developers are adapting to the new interest rate environment by providing incentives, even though the cost to build has not changed much.