What Makes Clarksville Such an Affordable Place to Own a Home?

To rent or to buy? That is the question for many people in the Clarksville area. There are a few things to consider.

As you know, we’re in a military market. If you’re military and have been renting, the military pays a portion of your rent. What most people don’t know, however, is that you could be using that money to purchase a home and probably spend less than what you’re spending now! Your allowance for quarters will, in many cases, cover your mortgage payment!

Even if you’re not military, it’s still beneficial to buy instead of rent. Interest rates are still incredibly low and, because rates are so high here, monthly mortgage payments are often less than the cost of rent!

If you have VA eligibility, which a lot of people do here, there is no down payment involved when buying a home! If you’re not eligible, there are still many great mortgage packages available for you! We work with some of the best lenders in the business, so we would love to help you find a financing option that works best for you.

Closing costs can sometimes come out to be as much as 4% of the sales price of the house. Here in Clarksville, being a military town, depending on what your offer is, sellers will actually pay those closing costs for you! This reinforces the fact that you can often purchase a home for much cheaper than it is to rent!

If you want to find out more about whether you’re eligible to purchase a home, please don’t hesitate to give us a call or shoot us an email. We would love to hear from you!

How Did Clarksville Real Estate Perform in 2015?

Today, we examine the 2015 real estate market and compare it to what we saw in 2014. Overall, we're seeing improvements in many places.

Home prices increased by 3% in 2015, and the median home price right now is $171,000. That's a very healthy level of appreciation. The average sales price in 2015 was $168,000, which is about a $5,000 increase from last year. The days on market increased in 2015 to 92 days from 89 days in 2014.
Overall, we suspect 2016 to be a great year in real estate. Interest rates are increasing, which will push a lot of extra buyers onto the market. You need to capitalize on this dynamic market. Contact me if you've been thinking of buying or selling!