Real Estate in Murfreesboro
Annette Masterson
615-454-9430615-454-9430

Community Events

Bell Buckle Main Street Arts & Craft Fair

Not-So-Boring Boro Bunch

This is THE craft fair to attend. If you haven't lived here long, ask anyone. It's a 2 day event...... Please let me know which day you prefer. You can stay for as long as you like, but plan on at least 4 hours. Bell Buckle with its Victorian...

Sunday Dinner

Murfreesboro 20's and 30's African-American Women's Meet-Up

Being new to a city can be hard without the comforts of home like Sunday dinner with family. For everyone who is new to the area or just looking for new friends, I will be planning a Sunday dinner a few times a month to get together, unwind and...

Board and Brush (wood sign workshop)

Not So Young But Still Kickin' It Women of the 'Boro

Call Board and Brush   [masked] to reserve your spot.  $65 included all materials to make decor or sign of your choice.  This event is under the name of Cindy Bryan.   Great Personalized Holiday gift ideas! We have room for 12...

What’s Happening in Murfreesboro in July 2017

July 3rd, 2017 by Annette Masterson

Summertime in Murfreesboro is a lot of fun with plenty of fun and family-friendly events going on every weekend – many of them free or inexpensive! Here are a few of the highlights that I found:

Celebration Under the Stars

July 4th All Day

Sports*Com and McKnight Park

The day begins at Sports*Com at 10am and goes until 4:30pm with a pool party, games and prizes. Admission is $3 for youth and seniors and $4 for adults. The events at McKnight Park begin at 3:30pm with the live band “Audio Saints” and admission is free. From 5-8pm there will be family activities and inflatables and at 8pm the Murfreesboro Symphony Orchestra Choir will present patriotic tunes.

Following, the Murfreesboro Symphony will play during the fireworks at 9pm.

For information on parking and rules and regulations, click here.

USTRC Team Roping Eastern Championships

July 7th through 9th at 8am daily

The whole family will enjoy watching teams of two horse/riders work together to rope cattle in the fastest time. Admission is free.

Tennessee Miller Coliseum

304 West Thompson Lane

Murfreesboro, TN 37129

615-494-8961

http://www.mtsu.edu/tmc/

Friday Night Live

July 7th at 6:30pm

Main Street’s 2017 Concert Series features the band “Entice” in Murfreesboro’s Historic Downtown Public Square. This is a free event the whole family will enjoy!

Downtown Murfreesboro Square

615-895-1887

http://www.downtownmurfreesboro.com/documents/2017SeriesFlyer.pdf

Adult Soccer Fest

July 12th to 16th

Come out to play or to watch! The event offers age divisions for play all the way up to “Over 70” divisions. Each team is guaranteed 3 games with a maximum of 5 games played per team.

Richard Siegel Park

515 Cherry Lane Park

Murfreesboro, TN 37129

To register and/or get more information go here.

50th Annual Murfreesboro Antique Show

July 14th to 16th at 10am

Admission is $7 and gets you access to some of the best antique dealers from around the country!

Middle TN Convention Center

1660 Middle TN Boulevard

Murfreesboro, TN 37130

https://www.murfreesboroantiqueshow.com/

 

July Jamboree Picnic

July 14th at 6:30pm

Oaklands Mansion is offering a picnic-style party featuring The Knott Brothers Band, Uncle Bud’s chicken and catfish and spirits from local vendors. Admission is $75 per person and includes food and drink.

Oaklands Mansion

900 N. Maney Avenue

Murfreesboro, TN 37129

http://www.oaklandsmansion.org/summerparty/

International Grand Championship Walking Horse Show

July 21st to 29th

The best walking horses in the country will compete for various championships! Admission is free.

615-494-8822

Tennessee Miller Coliseum

304 West Thompson Lane

Murfreesboro, TN 37129

http://www.walkinghorseowners.com/wp-content/uploads/2017-Intern-Classes.pdf

Cannonsburgh Friday Night Concert

July 21st at 6pm

Bring your lawn chairs and blankets for this concert event that will be fun for the whole family!

Cannonsburgh Village

312 S Front Street

Murfreesboro, TN 37130

615-890-0355

Facebook page: https://www.facebook.com/Cannonsburgh-Village-Murfreesboro-1401120800147383/

What are you doing in Murfreesboro this month?

To search for homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

How to Make Your Home Pet Friendly

July 3rd, 2017 by Annette Masterson

Your pets are part of your family and you’d most likely do just about anything to ensure they’re taken care of and loved. And yet often homeowners don’t do enough in making sure that their pets will be safe even in their own home! Here are some things you can do to make your home pet friendly:

– Just like you might do for children, get down on all fours and take a look at your home from that point of view. Get rid of strangulation concerns like window blind cords and electrical cords.

– Pets can curiously get into things just like kids can so make sure that your medications and cleaning supplies are in locked cabinets or are up high and inaccessible for any kind of animal.

– Dispose of any plants that may be unsafe for animals to eat. Lillies, poinsettia and mums are just a few of the common but dangerous plants that could be lethal for animals to ingest.

– Make a space for animals to relax and enjoy so they won’t try to rest in dangerous places like under your car or in a tight space like the dryer. A soft bed, food and water are the essentials while things like toys and doggie doors to a fenced-in backyard can make your life easier and a pet’s life more enjoyable.

– Install pet-friendly flooring options throughout your home if you’d like to keep it as low-maintenance as possible. Laminate or pre-finished wood products are great choices while carpet and unsealed hardwoods can become torn and scratched easily.

– Purchase pet-friendly upholstered furniture; look for products that can’t easily be scratched and torn and that won’t show stains easily. Oftentimes furniture stores have lines of furniture that they will recommend for pet owners.

– A central vacuum, while expensive to install, can be helpful in vacuuming your home often, especially if you have a pet that sheds constantly. Even if you don’t have a central vacuum, plan to vacuum a few times a week to keep your home clean and inviting to others.

– Spray your yard for ticks and mosquitos to cut down on the chances that your pet will be bitten.

– If your pet will be outdoors during some of the day, make sure that there is enough shade to keep them cool even on the hottest days.

How have you altered your home to ensure that it is pet-friendly to your favorite furry creatures?

To search for homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

Why Murfreesboro is Now One of the Top 10 Fastest Growing Cities in America

July 3rd, 2017 by Annette Masterson

Year after year Murfreesboro continues to break records and catch the attention of the nation with its unbelievable growth! This year the United States Census Bureau reports that Murfreesboro is the 10th fastest-growing cities in the ENTIRE country! The list was created based on cities with a population of more than 50,000. Murfreesboro grew by 4.7 percent from July 2015 to July 2016; the nation’s average growth rate was a mere .7 percent. Four of the top 15 fastest growing cities were in Texas with 10 of the top 15 being located in the South.

With a population of more than 130,000, Murfreesboro has been the fastest-growing large city in Tennessee for the past three years while neighboring Franklin has been the second fastest growing city for the past two years. In addition, the population of Murfreesboro is projected to continue to grow up to almost 144,000 by 2022! Obviously our area of Middle Tennessee is experiencing unparalleled growth right now!

Why is Murfreesboro, along with all of Rutherford County, growing so quickly? According to the Rutherford County Chamber website, Rutherford County is “only a short drive from 75% of the country’s major markets,” making it an ideal location for new businesses and corporate headquarter relocations. Nissan North America, Amazon, State Farm, Ingram Content Group, Verizon Wireless, General Mills, and Bridgestone/Firestone are just a few companies who now make their home in the county. In fact, Rutherford County was ranked 5th in the nation for job growth from June 2015 to June 2016 according to the U.S. Bureau of Labor Statistics. The Rutherford County Chamber reports that 2,045 new jobs were created in 2016 and $401 million in capital investments were made from 5 relocations and 11 existing company expansions.

In addition, the cost of living here in Murfreesboro is less than the national average (96 as compared to the national average of 100), making it an affordable and therefore ideal place to relocate! Here are the Top 10 Private Sector Employers in Rutherford County according to the Rutherford County Chamber of Commerce:

– Nissan North America, Inc. – 8,400

– Amazon Fulfillment Center – 1,724

– State Farm Insurance Co. – 1,662

– Ingram Content Group – 1,500

– Asurion – 1,250

– St. Thomas Rutherford Hospital – 1,100

– Verizon Wireless – 1,068

– General Mills – 1,028

– Taylor Farms – 1,000

– Adient – 1,000

– Bridgestone Americans, Inc. – 881

Don’t miss the opportunity to buy affordable real estate in Murfreesboro while you can! Click here to search for homes on the MLS.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

3 Father’s Day Gift Ideas He Will Actually Like

July 3rd, 2017 by Annette Masterson

Father’s Day is in a mere 4 days, so we surely all know that tomorrow is really our last day to order anything from Amazon and have guaranteed delivery before Sunday morning! But if you’re anything like me, shopping for the perfect gift can be agonizing. Does he really need one more set of monogrammed golf balls? Or another meat thermometer? If you can relate and you need some ideas for the men in your life, here are three simple ideas that you can pull off by Sunday and that won’t end up shoved to the back of the closet:

Monthly Club Subscription – You can find monthly subscription services for just about anything. There are monthly subscriptions for exotic meat, craft beer, cake, cheese, socks and of course, razors. No matter what your man is interested in, you can find a service that will deliver one gift a month for whatever period of time that you choose; most offer 3 months, 6 months and 12 month options. Give him the gift that lasts all year and not just on Sunday!

A Day Off – Dads can often find it hard to step away from the family, especially on weekends when they come home to responsibilities like mowing the grass, coaching kids’ sports and tackling the list of “honey-dos” that you’ve been compiling for him. Give him some space to enjoy a day off by hiring someone to do the yard or check off some of the to-do list that’s been hanging over his head. Then purchase gifts cards to some of his favorite places or book him a tee time at his favorite golf course. When you take the time to plan all of this ahead of time he won’t feel guilty for getting some time away to do his own thing.

Peace and Quiet at Home – For the introverted dad, a day and night, by himself, at his house, may sound heavenly to him. Sure he may get alone time during the day, but likely, especially if you still have kids at home, does he get any time by himself AT HOME. If this sounds like the man in your life, pack the fridge full of his favorite beverages, fix his favorite meal or order his favorite takeout for him and then leave him alone for the night! While it certainly won’t be the perfect gift for everyone, some dads just need a little peace and quiet in their lives!

So what are you planning to get the dads in your life for Father’s Day? Will you stick with the basics or try to think outside the box this year?

To search for homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

How Home Ownership Fits Into Your Retirement Plan

June 2nd, 2017 by Annette Masterson

If you’re nearing the age where you are thinking about your retirement plan, you may have started to wonder how home ownership can fit into those plans. No matter if you’ve owned your home for years or you hope to use home ownership as retirement income, keep reading to learn how owning a home can be beneficial to you in your later years:

– If you have a sizable amount of equity in your home, selling your home when you’re in your retirement years offers you a couple of options. For one, you could downsize to a smaller home and take the difference and use it for retirement income. Or if you have other viable living arrangements (for example, living with children), you could sell your home and use that entire amount as retirement income. The IRS allows you to profit up to $250,000 for a single person or $500,000 for a married couple without having to pay taxes on it. If you add in the total equity on your home, this could turn out to be a large and useful sum of money in your later years.

– Another way to incorporate home ownership into your retirement plan is to purchase or retain rental property so that rental payments can be used as income. One benefit of rental income is that the income from this does not count as earned income and therefore does not reduce Social Security payments. You would have to pay taxes on the income, of course, but these payments can be reduced by deductions and this can end up being nice supplemental income for those in their retirement years.

– One little known way to incorporate home ownership into your retirement plan is by using money from your IRA, or individual retirement account, to purchase investment property that will be occupied by a tenant; it can’t be a primary or vacation home. Of course the income generated from this property purchased with IRA funds has to be used in line with the required timeframes for withdrawals and distributions so that you don’t pay additional taxes and penalties. Not all of the funds have to come from your IRA, so you can “partner” with your IRA at any percentage. This is a great way to invest tax-free and not have to pay taxes if you’re using money from a Roth IRA!

Of course before you make any decisions regarding your retirement plan, be sure to consult your retirement advisor to ensure that you’re making the best decision for your situation.

To search for a house on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

Where Do Your Property Tax Rates Rank Against Other Places?

June 2nd, 2017 by Annette Masterson

I came across a recent article by Forbes titled “Where in Your State Homeowners Pay the Highest and Lowest Property Taxes” and thought it brought up some interesting points. If you’ve been paying attention to President Trump’s tax plans recently you probably know that he’s proposing to cut the state and local property tax deduction if the first draft of his tax reform plans go through. While he is proposing to save the home mortgage interest deduction, he would also like to double the standard tax deduction, effectively negating the benefits of home ownership and charitable donations. Regardless of how you feel about the President’s plan, one thing is for certain: if state and local property tax deductions are cut, the cost of owning a home will increase as you won’t see a yearly deduction on your taxes. While some areas of the country pay relatively small property taxes, other areas, especially in the northeast, pay sometimes exorbitant property taxes and it would affect their home values immensely.

Here are some of the highlights of the Forbes.com article:

– Washington, D.C.-based Tax Foundation analyzed the Census Bureau data to derive the median annual property tax bill from 2011 to 2015 – about $2149 per year, or a 1.08% effective property tax rate.

– The effective, or average, tax rate for the state of Tennessee is only .72% while property taxes provide about 26% of the state’s tax revenue. The article reports that Grundy County pays the lowest median taxes in the state at $406 while Williamson County pays the highest median amount at $2,118. I think it is important to point out here that just because a certain county’s median taxes are higher does not necessarily mean that their actual property tax percentage is higher. Williamson County’s effective tax rate is around .61%; Grundy County’s effective tax rate is .51%, a mere .1% smaller. Nashville, located in Davidson County, has a 1% effective tax rate while Rutherford County falls in between at .79%.

– According to Smartasset.com, Tennessee’s property taxes are some of the lowest in the country with the median annual tax being just over $1,000. This makes Tennessee the ninth lowest in the country and less than half of the national average.

– New York’s effective property tax rate is a whopping 1.38% which accounts for almost one-third of the state’s tax revenue. This is aided by the New York City suburbs of Nassau, Rockland and Westchester, whose median tax bills were over $10,000 each. This puts them at the top of the country’s median property tax bills.

– The highest effective property tax rate falls to New Jersey with a 2.13% rate. The lowest is in Hawaii with just a .27% effective rate. In general, the highest rates fell to the northeast.

To calculate your county’s effective property tax rate, you can visit this site.

To search for homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

Treat Mom on Mother’s Day with These Amazing Ideas

June 2nd, 2017 by Annette Masterson

Mother’s Day is a short three days away and if you haven’t planned anything for the moms in your life, NOW is the time to do it. I’ve compiled a few fun ideas in the Nashville and Murfreesboro area for you and hope that at least one of them sounds like something your mom, grandma or wife would enjoy!

Historic Travellers Rest Plantation and Museum

Built in 1799, the Travellers Rest Plantation is the oldest house museum open to the public in Nashville. It’s located just 6 miles south of downtown Nashville and tours will begin at noon on Mother’s Day. From 11am-2pm they are offering brunch and mimosas on the grounds. Tickets are $49.50 per person and ages 5 and under are free. Tickets include the meal (featuring salad, beef tenderloin and red potatoes as well as a variety of dessert options), an all-you-can-drink mimosa and bloody mary bar, as well as a grounds tour. To purchase tickets, go here.

Embassy Suites by Hilton – Nashville SE Murfreesboro

The Embassy Suites is offering a Mother’s Day Spa Package that includes an overnight stay, a cooked-to-order breakfast and a late check-out for Sunday morning. You can bring the whole family for a night out or just treat mom to a night all alone. For more information and reservations, click here.

Five Senses Restaurant, Bar & Catering

Five Senses Restaurant, a local favorite in Murfreesboro that is usually closed on Sunday, will offer a special Mother’s Day menu including yogurt parfaits, banana bread French toast and smoked salmon, as well as entrees including shrimp and grits, eggs benedict, lamb sausage, filet mignon and blackened trout, among others. For reservations, call 615-867-4155.

Country Music Hall of Fame Mother’s Day Brunch

At the Country Music Hall of Fame, there will be two seatings – at 10am and 1pm – for Mother’s Day brunch. There will be a huge variety of selections including scrambled eggs and toppings, biscuits, fresh-made Belgian waffles, Caesar salad, smoked salmon and trout, chuck roast, bacon-wrapped turkey breast, and an assortment of cheesecakes, tartelettes, crème brulee and cupcakes for dessert. While eating brunch, you’ll be treated to a performance by the Martin Family Circus and the price of your ticket also includes museum admission as well as a family photo. Tickets are $65 for adults, $25 for kids ages 5-12 and free for kids under 5. To purchase tickets, click here.

What fun things are you planning for your mom for Mother’s Day on Sunday?

To search for homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

What’s Happening in Murfreesboro in May 2017

May 2nd, 2017 by Annette Masterson

We’ve got just a few more weeks until school is out and summer is in sight! Here are a few highlights happening in Murfreesboro over the next month to keep you entertained until summer officially arrives!

Little Shop of Horrors

Various times through May 21st

This is one of the most beloved musicals of all times that tells the story of Seymour the flower shop employee and a wild plant named Audrey II. Tickets are $11 for kids and $15 for adults.

The Center for the Arts

110 West College Street

Murfreesboro, TN 37130

615-904-2787

http://www.boroarts.org/

21st Annual Main Street Jazz Festival

May 5th & 6th

Sponsored by Main Street, Inc., this jazz festival features local, regional and nationally known jazz artists. The event is free and there will be a large kids area so the whole family can enjoy the event.

Public Square

Murfreesboro, TN 37130

615-895-1887

http://mainstreetjazzfest.net/

Bicycle Tours of the Stones River National Battlefield

May 6th, 13th, 20th and 27th

Join a ranger for a 90-minute bicycle tour of the battlefield. No admission is charged.

Stones River National Battlefield

1563 North Thompson Lane

Murfreesboro, TN 37129

Junie B. Jones, The Musical

May 5th, 6th and 7th

Presented by Perform Murfreesboro, this musical adaptation of the beloved children’s book character Junie B. Jones is sure to be enjoyed by the whole family! Adult tickets are $7.50 and youth ages 4-17 are just $6.

The Patterson Community Center

521 Mercury Boulevard

Murfreesboro, TN

615-867-7244

FREE Day in May at Oaklands Mansion

May 13th

Enjoy a free admission day at Oaklands Mansion from 10am to 4pm. You’ll find demonstrations by the 19th Alabama Civilian Civil War Reenactors as well as period games and nature walks through the heritage vegetable garden.

Oaklands Mansion

900 N. Maney Avenue

Murfreesboro, TN

Hallowed Ground: Lantern Tours of Stones River National Cemetery

May 20th at 7:15pm

This hour-long walk by lantern light will feature letters written from both soldiers and civilians. Admission is free but reservations are required by May 15th. There is a 4 ticket limit per person.

Stones River National Battlefield

1563 North Thompson Lane

Murfreesboro, TN 37129

615-893-9501

 

Boro Beach Opens

May 27th at 10am

SportsCom’s outdoor pool officially opens for the season! Admission is $4 for adults and $3 for youth and seniors.

McKnight Park/SportsCom

2310 Memorial Boulevard

Murfreesboro, TN 37130

615-895-5040

To search for homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

TWO Great 2,500+ Sq Ft Homes Available in Murfreesboro

May 2nd, 2017 by Annette Masterson

This is your chance to be the very first owner of this beautiful home without some of the time and stress that sometimes comes with custom-building a house! Located within the new Ridge Crest subdivision in Murfreesboro, 3419 Titus Lane is currently the lowest-priced home available in the neighborhood but offers high-end fixtures and touches throughout.

MLS #1780740

3419 Titus Lane, Murfreesboro, TN

$319,900

2,587 square feet

4 Bedrooms

3 Bathrooms

.37 Acres

$124/sq ft

Built in 2017

Barfield Elementary / Christiana Middle / Riverdale High

– You’ll find 1,675 square feet on the first floor, split between an open floor plan kitchen, dining and living area as well as two bedrooms and bathrooms. On the second floor you’ll find an additional 912 square feet including a 22’x12’ rec room as well as two more bedrooms and another full bath.

– The 28’x16’ living room features a beautiful stone fireplace and matching stone wall that separates the kitchen from the living space. A lofted ceiling with ceiling fan makes the space seem larger than it is and the crown moulding and thick baseboards add a custom look.

– The kitchen offers sleek wood cabinets, granite countertops, tiled backsplash, undermount sink and a stainless steel microwave and dishwasher. Plus, there’s plenty of space for your kitchen table in the eat-in space.

– The home has four large bedrooms including the 16’x13’ master bedroom with trey ceiling and ceiling fan. You’ll find double vanities, granite countertops and a separate bath and shower in the master bathroom.

– The covered back porch makes a tranquil retreat and could be easily screened in or left as-is depending on your preferences.

For more photos and a detailed video tour of the home, click here.

———

For someone looking for a new home but one that comes more established with all appliances and a fenced-in backyard already installed, 2-year-old 5110 General Patton Avenue would be a great choice. You’ll find it located within the Liberty Valley subdivision which features underground utilities and a neighborhood pool.

MLS #1814974

5110 General Patton Avenue, Murfreesboro, TN

$319,900

2,773 square feet

4 Bedrooms

3 Full Bathrooms, 1 Half Bathroom

.28 Acres

$115/sq ft

Built in 2015

Erma Siegel Elementary / Walter Hill Elementary / Siegel High

– Whether you’re into front porch living, or wanting a little more privacy in your backyard, this home has it all! It also offers a 3-car garage and beautifully manicured lawn in both the front and the back.

– The 2,773 square foot space features hardwood and tiles floors throughout along with wainscoting and crown moulding that really stands out!

– The large 17’x14’ kitchen offers beautiful wood cabinets, tiled backsplash, granite countertops, stainless steel appilances and a large island with a sink that makes it a great place for food prep.

– You’ll be impressed with the four large bedrooms including the 16’x13’ downstairs master bedroom that also features a tiled shower and separate bath and double vanities.

To see a detailed home tour of this house, click here.

Contact me today if you’d be interested in seeing either or both of these two homes!

To search for other homes on the MLS, click here.

Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.

How to Handle a Bidding War to Get the House You Love

May 2nd, 2017 by Annette Masterson

In today’s market we are seeing multiple offers for properties and buyers are needing to come in with a strong offer – oftentimes over the asking price. Working with an experienced agent like myself is imperative in this market as I can help to guide you through the process of buying in a hot market. With that in mind, here are some things to remember when you find yourself in a bidding war with other buyers:

Don’t be scared of multiple offers. Some buyers automatically want to pull out when they find themselves up against competition. More than anything going against multiple buyers should comfort you that you are wanting to buy a home that others think is a good buy, too.

Cater to the seller’s needs. Your agent should find out what the specific needs of the seller are. Oftentimes more than top dollar, the sellers may want or need special concessions. Perhaps they need to close quickly but rent back until they find a home. Or they may have emotional ties to the home and find a letter and family photograph from the buyer. (It sounds crazy, but I’ve seen it help before!) At other times a seller may want a longer close period or may not want to perform repairs. Finding out what they want can put you in a situation to make a winning offer.

Determine what you’re comfortable offering. Figure out the price that, if you don’t get the home you’ll know that you gave it your best shot. But if you do get the house, you won’t experience buyer’s remorse and put yourself in a financially tight situation.

Don’t get stuck on the asking price. By looking at sold comps in the area, you can focus on the home’s actual value instead of the asking price. The house may be over or under valued. If it’s the latter, you can go well over the asking price without worrying you are over paying for the home.

Bring a strong financial argument. Cash offers will almost always win over financed offers, but if a cash offer isn’t an option for you, being pre-approved for a conventional loan with a large downpayment will give the seller more security in selecting your offer.

Keep your emotions out of the transaction. If the house in question is your dream home, by all means offer your top dollar. But also remember that everyone has a top dollar and should walk away at some point. Don’t put your family into an unfortunate financial situation in the future because your emotions get tied up in a house.

To search for homes on the MLS, click here.

 Annette Masterson is a licensed broker with EXIT Realty in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network Homes, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 for more information.