The Parks Realty Mobile App Can Help You Find the Home of Your Dreams

The Parks Realty Mobile App Can Help You Find the Home of Your Dreams

Parks wants to help you find the home of your dreams however we can. To better suit the needs of our customers, we proudly offer our free smartphone app to allow you to conduct your home search on the go!
The Parks Mobile App Can Help You Find the Home of Your Dreams

The world depends on being mobile now more than ever. You deserve a real estate app that can keep up! Our mobile application has everything you need to search for the perfect home in Middle Tennessee.

Tailored to Your Mobile Lifestyle

Smartphones play a very important role in our lives. They benefit our daily lives in such a way that it is almost hard to remember what we did without them!
Screenshot of the Parks mobile app's search features

 

There seem to be smartphone apps to tackle just about any task, so why not searching for your next home? The Parks mobile app contains everything needed for a successful home search. It is very easy to use on the go and allows you to search for, locate, and even get directions to virtually every property for sale in the Nashville metro area.

 

Screenshot of a listing details

Middle Tennessee’s Best Home Search Tool

Our mobile app does more than just point out homes for sale. With the Parks smartphone application, you can also quickly find an agent and easily view high-quality photos of homes for sale in the area. All the details you need are easy to find for each home, including price, size, number of rooms, address, and more!

Screenshot of the mobile app showing a map with listings

 

You can also customize your search using different tools to help narrow down your results to better fit your needs.

 

The best part: you can do all this on the go!

 

Features

The Parks Realty mobile app has all necessary features to allow you to:

 

  • Search for homes in your area using your smart phone’s GPS
  • Quickly get driving directions
  • Access all active MLS-listed homes for sale
  • View large color photo galleries with expanding listing details
  • Locate open houses in your area
  • Save homes you are interested in and share them easily with friends/family

 

Our mobile app is updated regularly to include the newest homes on the market. Our goal is to give you all the tools you need to find the perfect home. We are here to help any way we can!

 

Be sure to let us know what we can do to put you in the home of your dreams!

 

Essential Advice for First-Time Homebuyers

Essential Advice for First-Time Homebuyers

Essential Advice for First-Time Homebuyers

Purchasing a home for the first time is an eye-opening and valuable experience. First-time homebuyers need to have as much knowledge as possible before signing for a home, whether it is a custom-built new home or existing construction. Parks Realty has compiled a list of important advice just for first-time homebuyers so that you can avoid making some common mistakes.

 

Research All Mortgage Options

If you have never dealt with a lender before, learning about mortgages can quickly become an overwhelming endeavor. The key to becoming a mortgage master is to carefully choose the right lender, which requires additional research of its own.

 

Once you have found a lender you are comfortable with, ask any questions you need to feel completely comfortable with your loan agreement.

 

Keep in mind, purchasing a home is a very large undertaking. There are plenty of options tailored specifically to first-time buyers that you probably haven’t heard of. Get to know your lender and don’t move forward until you completely understand your loan.

 

Plan for the Long-Term

The best way to plan for the long term is to ask yourself some questions, such as:

  • Will I be getting married?
  • Will I be having kids soon?
  • Will I be needing to take care of an elderly relative?
  • Am I in a situation where I can benefit from selling this house in a few years?
  • Who would be most interested in buying this house from me?

 

These are just a few key questions a first-time homebuyer needs to consider before purchasing a home. You want to get an idea of where you will be in the next few years to be able to most effectively plan for the long run.

 

Factor In All Monthly Expenses

Aside from the usual monthly payments associated with loan repayment, there are other recurring expenses that need to be factored into your budget. Such other expenses include, but are not limited to:

  • Utilities
  • Commuting costs
  • Planned upgrades
  • Homeowner’s association fees

Owning a home is very different from renting in a lot of ways, one being increased monthly cost. Make sure to keep these additional expenses in mind when creating your initial budget.

 

Research All Aspects of the Neighborhood

What are you looking for in a neighborhood? If you are married with children, you might start by looking at the quality of (and proximity to) the local schools. This might differ from someone who is single that recently moved to a new city.

 

No matter your situation, you’ll be doing yourself a massive favor by conducting thorough research of the area you wish to live.

 

Don’t Be Afraid to Ask Questions

When it’s all said and done, the whole home buying process is very complicated and can sometimes become very overwhelming. Make sure everyone you work with – from lenders to real estate agents to sellers – is the right choice for you and your situation.

 

Effective communication is crucial to obtaining all the essential knowledge you need to knock your first home purchase out of the park!

 

Real Estate Tips for Agents in 2016

Real Estate Tips for Agents in 2016

Real Estate Tips for Agents in 2016

If 2016 is anything its predecessor, real estate agents are going to be in for another great year. As the market continues to rebound, there might not be a better time to be a real estate agent than the present!

 

Whether you are an experienced agent or just starting out, solid advice should always be something you seek out as you grow as a real estate agent. At Parks Realty, we understand the value of sound guidance. We put together a list of tips for real estate agents to make 2016 their best year yet.

 

Build Your Brand

Building a brand that represents you and your services is pivotal to being the best agent possible. The main benefit of establishing a personal and professional brand is consistency. When you use a consistent voice, your clients will become familiar with your personality and be more likely to trust you.

 

Trust plays a crucial role in real estate, and buyers are much more likely to trust an agent with a solid brand that illustrates your knowledge and personality. Work on building your brand this year and watch your client base grow!

 

Become a Master Marketer

Once you have created a consistent and dynamic brand, it’s time to get the word out. Your marketing strategy can make or break you in real estate, so make sure you are relevant in the eyes of current and potential clients.

 

When you begin to formulate your marketing strategy, keep in mind that you are not just selling homes, but an entire lifestyle. A home is much more than a place to sleep and eat.

 

Potential buyers are looking to start families and establish their roots. You are marketing areas, schools, amenities, and anything else that your target audience is interested in. Make sure your marketing is dynamic and always feels authentic.

 

Focus On Communication

As a real estate agent, poor communication is to be avoided at all costs. If communication and following up with clients is lacking, it is incredibly hard to be successful as an agent.

 

Start off this new year by taking a look at your own communication skills: do they need some work? Examine which areas where your communication could improve and focus on becoming a master of communication.

 

One common habit of top real estate agents is lightning fast communication. Aside from attracting new clients, they always return calls and emails from current clients. A top-notch real estate agent will happily answer any questions and generally be there for their clients in any way possible.

 

Serve As a Knowledgeable Resource

A great real estate agent is a knowledgeable real estate agent. Get to know the area you serve front to back; become in expert in all the local neighborhoods, schools, and any other amenities a potential buyer will ask about.

 

Become more familiar with the industry then you ever have before. Monitor trends and technology and how it benefits you and buyers.

 

Your clients expect you to provide them with thorough insight, so make sure you are available to answer any questions to make them feel at ease.

Essential Loans Types and Terms for First Time Buyers

Essential Loans Types and Terms for First Time Buyers

 

Learn about essential loan types and lending terms today

It is easy for first time home buyers to quickly become overwhelmed with a slew of strange terms and phrases. In order to help beginners better understand one aspect of the home buying process, we have put together a helpful collection of some common loan types and lending terms that everyone should be familiar with when buying a home.

 

Parks Realty is here to help you understand what you are getting into when purchasing a home! Contact us today if you have any questions.

 

Understanding Loan Types

First Time Buyer

One great option for those looking to a purchase their first home is a first time buyer loan. These loans are offered by FHA-approved lenders and cater to the unique needs of a beginning home buyer. This type of loan features:

  • Favorable loan-to-value rates
  • Adjustable or fixed interest rate
  • Less strict income / down payment requirements

A first-time buyer loan is much more accessible and allows individuals that are burdened with spending a higher percentage of their income paying off debt a chance to purchase their first home.

 

Down Payment Assistance

Making a down payment for the first time can be tough to pull off. A down payment assistance loan can help those seeking to make their first ever down payment by combining with a traditional loan to achieve 100% financing for a first home. Luckily for first-time home buyers, most states offer this kind of loan!

 

Down payment assistance loans were introduced as a way to help lower income families afford the daunting down payments that come with purchasing a home, therefore stimulating the economy. Make sure to ask your lender about down payment assistance!

 

Graduated Payment

If you expect your income to increase over the forthcoming 5-10 years, then a graduated payment loan might be the best option. This type of loan is much different from a conventional loan that is paid back in equal payments.

 

With a graduated payment loan, payments begin incredibly low – they don’t even cover the interest! However, payments increase each the loan is still active. This type of loan is aimed at giving potential home buyers a chance to apply for a mortgage much sooner than a traditional loan would.

 

Essential Real Estate Lending Terms

Here are some important terms that someone buying their first home is sure to hear. Get familiar with these essential lending terms:

 

Adjustable Rate Mortgage (ARM Loan)

A loan that, unlike a fixed-rate mortgage loan, offers a lower initial interest rate that could increase after the initial term ends. This initial terms typically ends after 1-2 years.

 

Annual Percentage Rate (APR)

Your APR is your interest rate set by your mortgage company plus any other home loan costs. It will always be higher than the advertised interested rate because of the additional aspects.

 

Closing Costs

Any additional compensation that must be paid out to agencies or any other payments that accompanies a real estate transaction.

 

Escrow

A neutral third-party that keeps hold of any documents and money involved with a real estate transaction until it is completed.

 

Fixed-Rate Mortgage

A mortgage that features the same interest rate throughout the life of the loan.

 

Loan-to-Value Ratio (LVR)

The amount of financing a buyer receives in relation to the value of the home they are buying.

 

Private Mortgage Insurance (PMI)

This protects the lender against losses if a home loan was to go into default. Most lenders will require PMI on loans that cover 80% or more of a home’s financing.

 

Title Insurance

Required on home mortgages, title insurance protects both the buyer and seller in a real estate transaction from flaws in a home’s title.