Outbid on your dream house? Just wait for deal to fall through.

Buyers facing multiple-offer scenarios should consider submitting back-up offers in case the primary contract falls through.

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Buying a House Here: 12 Things You Must Do

Anyone buying any home anywhere should have a checklist of things to do. Home inspection, survey, radon test, and more.

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Some Basics All Buyers and Sellers Need to Know

Determine your real estate IQ using this clever quiz.

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Are You Really Bidding Against Yourself?

It boils down to this. A house is worth whatever the buyer and seller agree in writing on a contract that it is. Unfortunately, in real estate, the wrong buyer and the wrong seller sometimes agree at the wrong price at the wrong time.

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If It's Broken, Fix It Before Being Squeezed

The moral of the story is that sellers should fix all of the broken things before placing the house on the market. The real estate handbook will tell sellers there is no value for a new HVAC, water heater, etc., as will many lazy agents suggesting sellers merely reduce the price. It doesn't work that way. The circle needs to be unbroken, along with everything else.

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Warning: Children Can Endanger Home Values

One of the most often-occurring conditions when selling home is that of "child erosion," as any home occupied by humans under the age of 12 is subject to abuse that is incomprehensible to those that have never shared a home with toddlers or adolescents.

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Can't Sell Your House? Really?

"What is the hottest area in town?" Realtors are often asked. The answer: "They all are." Any area not seeing price increases now never will. If a house is on the market and is not selling, it is overpriced.

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Insurance Costs Might Leave Your Deal All Wet

If a tree falls in the woods and no one hears it, is there sound? That's a question for the ages. If a tree falls onto a neighbor's house, whose insurance pays? That one is not debatable. It's the insurer of the damaged home.

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Much More to Pricing than Comparable Sales

Appraisers are a necessary part of the buying equation and are usually quite good. But they are human.

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What Could It Hurt to Wait for a Better Offer?

As hot as this market is, the old axiom of pigs get fat and hogs get slaughtered can apply.

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Appraisals & Inspections Getting More Complex

As if things were not crazy enough in Nashville real estate — with inspectors now writing 50-page reports with scores of photographs, underwriters overwriting and overriding, new disclosures and disclaimers proliferating the transaction — appraisers are requiring more and more documentation.

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Better Find a New Way to Ward of Pesky Termites

Termites are back. Swarming in their swat-evasive flurries, they can exact a debilitating toll on anything that stands in their way. While there looms a tendency to exaggerate the capability to do harm in a number of germs, parasites and insects, the termite has the power of the wrecking ball. Give a termite a joist, and he can eat for a lifetime.

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Don't Let Foundation Issues Scare You Away

Looking for a bargain? Find a home with structural issues. They are the ugly ducklings swimming around in the rainwater under filled gutters and unpiped downspouts. Flip a few and head over to the Swan Ball.

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Inspector Anxiety Bites Both Buyers and Sellers

Almost all home sales stipulate that a home inspector will evaluate the condition of the house. The person who coined the "fine-toothed comb" phrase may well have had visions of these detectives crawling into places fit neither for man nor beast and ascending high into the heavens shingle by shingle. Armed with more devices than Neil Armstrong carried to the moon, they can shuck a home down to the cob, as the saying goes. They also are regulated by the state and must be licensed to perform their craft. They are paid to find everything and they do.

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The Great Real Estate Conspiracy Revealed

There was a recent story that referred to "real estate's dirty little secret" and suggested Realtors prefer to have homes inspected by inspectors that will give homes a clean bill of health. It has, as one might expect, raised the ire of area real estate practitioners.

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Selling or Staying, a Home Inspection is a Good Idea

Radon inspections can be administered without a home going on the market, as can any inspection, of course, yet rarely are. Home owners and renters alike would be wise to have their homes inspected routinely. A person could be living on a mold-ridden radon pit with gas leaks and exposed electrical wiring around a termite infested, compromised floor system.

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A Simple Fix Could Save Your Home and Family

Following the grueling negotiations between buyers and sellers, the inspection ensues. There is one item in particular that has been included in a number of inspection reports that I have seen over the years that hit home — literally — this week. The citations made by the inspectors pertain to canned, or recessed, lighting.

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Make Sure You Really Have Closure at Closing

The closing attorney is the final piece of the puzzle in a real estate transaction — and the most important. If the closing attorney fails in that role, the transaction might not occur, even if both parties — buyer and seller alike — sign every document. Things can go horribly wrong there, and have in the Nashville market over the years.

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Sales Volume Raises Risk of Closing Snafus

The Greater Nashville Association of Realtors' May sales data show sales continuing to rise. Now there is a new threat to all this prosperity: Lenders are running behind.

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Little Issues Can Lead to Big Snags

Here is a scary Halloween tale: Many real estate transactions do not close on the actual date specified by the legally binding contract. This is not a recent phenomenon and has occurred since the time buyers required funding by third parties to purchase homes.

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Growth is Great, But Where Will Workers Live?

For the past two years, developers, property owners and Realtors alike have been treated to what some call the best real estate market in the country. Sellers are realizing astronomical returns on their investments as they shed properties that they have been strapped with for years.

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Affordable Housing Gets Foot in the Door in Mayoral Election


In recent weeks, the mayor's race has taken a new focus: Affordable housing. Some in the community feel this is unwarranted and take issue with organizations such as NOAH (Nashville Organized for Action and Hope), which are forcing the candidates to spend more time on social issues, which I support.

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All in the Eye of the Buyer

As the poet William Cowper wrote: "Variety's the very spice of life that gives it all its flavor." And without the big houses, there will be no affordable houses, since the economy would halt. So, keep them coming. Leave a little something for the up-and-comers.

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Do I Rent or Do I Own?

Mike Smalling is a mortgage loan originator with F&M Mortgage and is a lifer in mortgage lending. He recently penned a book entitled "Your Mortgage Matters," and the work provides information for those new to home buying, as well as those that have bought and sold numerous homes.

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