[CITY] Real Estate News

The Real Estate Solutions Company Adds Property Valuation to its List of Services



Nashville, Tenn. – Corey Hammonds, Founder and CEO of The Hammonds Group, Inc. (THG) is proud to announce that THG has started a full service real estate appraisal and consulting division specializing in the valuation of both residential and commercial properties. Hammonds is currently one of the youngest African-American Certified General Appraiser in the state of Tennessee and THG is one of few minority owned firms that offers both brokerage and appraisal services.

Over the past few years THG has been a top resource for neighborhood homebuyers and sellers in the Nashville area. By staying abreast of market conditions Hammonds and his team of real estate professionals have continued to provide results with brokerage and management.

“It was only a natural progression of the company to add appraisals to the list of services offered to THG clients. The goal has always been to be an all-inclusive real estate solutions company,” explained Hammonds. “We want to be the industry leader in real estate development, investments, sales, and appraisals.”

With years of experience in real estate and now as licensed appraisers, THG possess the education and competence to give their clients the level of credible real estate value opinions that banks and national lending institutions need for commercial and residential real estate loans. This allows the company to take on a variety of property types.

To help differentiate THG’s real estate appraisals services Hammonds has built a new website www.HammondsAppraisal.com that will provide streamlined services for existing as well as potential new clients.  THG also provides their staff with technology integration that will allow for efficient daily operations. “Our firm combines a focus on customer service with the utilization of technology to provide clients with the highest quality and fastest delivery times in the market,” said Hammonds. “We are committed to providing dependable and accurate appraisals throughout Davidson and surrounding counties.”

Posted by Corey Hammonds Founder/CEO on December 24th, 2017 6:07 AM



Good Old Tennessee, The Volunteer State, is famous for its prominent role played by its volunteers in the Battle of New Orleans... but we all know that it’s not the only thing it is known for.

The State is also famous for The Hermitage, The Parthenon and the greatest county music capitol of the world Nashville — which is also rightfully called “Music City”.

Today, we’ll give you an insight on a neighborhood that many call the pride of the Davidson County. Yes, we’ll talk about the Germantown neighborhood of Nashville. (Not to be confused with Germantown the city located outside of Memphis, TN).

Why Germantown?

Many Nashville neighborhoods have undergone a major change where, sadly, there is not much of their history preserved. However, Germantown is different in this regard.

Why? Because the visionaries of Germantown decided it was important to manage its growth and retain its ‘true color’. And they have succeeded in doing so.

That’s why Germantown, Nashville is a paradise for history lovers. If you’re an adventurous type and want to see some good old historic culture of the 19th century, Germantown is a place where you should be. The community of around 38,000 diverse people, each depicting their own cultural heritage makes an ideal location to travel, especially for film shooting and photo capturing enthusiasts — and for anyone who wants to witness a unique travel experience.

The Germantown has a total area of 17.6 square miles according to the USCB — bounded by Jefferson Street on the south, Hume Street on the north, Rosa Parks Boulevard on the west and Third Avenue North on the east.

Dating back to 1800s, the neighborhood has gone through many changes over the years and is now it is one of the most prominent neighborhoods in Davidson County. "I think Germantown remains popular because people like accessibility to downtown and they like industrial type areas," explained Germantown resident Joan Fleming-Ridley. "It is also the view of downtown Nashville that you can get here, one of the biggest selling points in this area are rooftop decks."

Joan's husband Keith Ridley is a Real Estate developer who began purchasing homes and lots in the Germantown area nearly 20 years ago. "I first had some rental properties in Germantown and started purchasing lots as it became clear that the city of Nashville had big plans for the area," said Keith. "So many folks from other parts of the country moving here want big city living similar to where they are from."


(l-r) Keith Ridley and Joan Fleming-Ridley on the corner of Monroe Street and 4th Avenue North in Germantown

 

The Germantown neighborhood offers the urban living lifestyle that many individuals enjoy. The area is very walkable allowing those who life there to never have to travel far for some of the best experiences Nashville has to offer. We have compiled a list of some of the most exciting places of Germantown that attracts so many.

Christie Cookie Co.

It is known for its old-school methods of baking, Christie Cookie Co. humbly offers tasty cookies and crunchy muffins. And people love it ever since it came to Germantown 15 years ago.

Peter Nappi

A luxury leather goods brand that excels in designing footwear along with accessories is a pride of the “Music City”. The brand is famous for its enormous exports to Tuscany, Italy. Since it opened its door in Nashville in 2011, the brand has only gained more popularity and has received accolades from all fashion lovers.

A Paradise for The Lovers of French Pastries

Who doesn’t love French Pastries? Everyone does, right?

A sweet house by the name of Tempered Café and chocolate offers French coffee along with a traditional breakfast of French pastries. Their unique way of making a dish their own by adding something special is exactly what makes this SPECIAL.

Taco Love

Mexican culture is also present in the neighborhood, and you bet there will be a Mexican restaurant too. “Little Donkey” is an eatery which offers tacos, burritos, dips, tamales with a variety of salads and... you know.

Morgan Park Recreational Center

Located at 411 Hume Street, this historic park dates back to 1909. Morgan Park once contained a beer garden (very German!) and at the peak of its popularity, it also hosted the biggest horse race in the world at that time.

Today, the park contains a soccer field, shaded picnic tables, a basketball court and the Morgan Park Community Center.

The Bicentennial Mall Park

The park was opened on 1st June 1996 to celebrate the 200th anniversary of the establishment of Tennessee’s statehood. The park houses a 2000-seat amphitheater, the Carillon pillars and a 200-foot granite map of the state, and so much more to have fun.

In the year 2007 alone, the park received about 1,250,000 visitors. Also, in 2011, the Bicentennial Mall Park was rated as one of the top ten public spaces in the US according to the American Planning Association. That shows how much it is loved by the locals, Americans, and even foreigners!

While Nashville has many great neighborhoods, Germantown will be a part of town that will offer some of the best locations to visit. "I can tell you from a developer standpoint, Germantown is one of the top places that you will see development continue for sometime," Keith said. "I am proud of the safe and clean community that is Germantown."

So for visiting or living – Come to Germantown, Nashville.



Posted by Corey Hammonds Founder/CEO on September 11th, 2017 12:11 AM


As many of you know Nashville is growing at a tremendous pace. According to the census data, about 30,000 people permanently move to Music City every year. That is translating into more development, economic growth, investment and job opportunities as something new is happening here every day.  If there is part of town that is all about that, then it is 12th Avenue S—or simply, 12South.

Just south of the Gulch, the 12South Neighborhood, is one of the pride and joys of Nashville. The pace of development here is really impressive. Tall, slim, and modern houses are being built next to older rehabbed homes while the 12th Avenue retail strip is now full of upscale retail stores and restaurants. Although these new businesses at the neighborhood are loved by locals, the old favorites like 12 South Taproom, Burger Up, Frothy Monkey, and Mafiaoza’s are enjoying their loyal following.

What does it mean? It means, in the recent years, the 12South Neighborhood has become one of the best places in Nashville to visit because of its stylish shops, delightful coffee outlets, charming homes, and various kinds of restaurants all within walking distance. If you are visiting 12South, you will can get a lovely meal, alluring sights, and some of the best walkability in the city. 

Many people are in love with this place for its beauty and uniqueness. One of them is Javier Salado, who is the manager of Taqueria del Sol, a fast casual chain from Atlanta. When it came for the Taqueria del Sol to open its location in Nashville, 12South was the best place for it. About the growth of the area, Salado said, “I have seen this area grow and I know a lot of the people who live in this neighborhood. It feels very local when you know a lot of the business owners and the customers that shop here.”



Javier Salado standing in front of Taqueria del Sol on 12 South Avenue

 

The neighborhood’s popularity owes a lot to the beautiful Sevier Park. The enormous place is filled with people of all age with kids having fun with swings and basket courts, and young adults and families enjoying the charm of the place on their picnic blankets.

“The park is such a central part of the neighborhood that brings people together.” Salado continued, “Where is there in Nashville that there is a park, that is walkable, you can get cupcakes, or a donut, or ice cream. We have places as nice as Josephine and Urban Grub or you can grab bbq or a slice of pizza. We also have shopping and that you don’t have often in these small Nashville neighborhoods.”

Another reason of 12South’s appeal is that it’s quite near Belmont University and Downtown Nashville—and even the highways are not too far. The real estate sector is seeing a rapid growth too as property values continue to grow in the area as the demand to live there rises. 

All in all, the delicious food of restaurants, diverse shopping places, small community feel, and the elegance of the place makes it a must-visit in Nashville. 

If you want to learn how you can purchase a property in the 12South Neighborhood your please contact us 615-216-4809 or solutions@hammondsrealestate.com.

Posted by Corey Hammonds Founder/CEO on May 24th, 2017 11:57 AM


A photo of Old Hickory Lake at sunset. 

Big cities like Nashville are great because you have instant access to all the luxuries and services, but if you live in the core you can begin to miss some of the scenic beauty. Also, due to the large population, people there always feel in a rush. So, for people who want to live in or visit a place which feels less hectic and have beauty all around it, we suggest they check out Hendersonville, Tennessee.

 

Hendersonville is a city with the population of a town, beauty of a vacation spot and opportunities of a large city. How? Let’s get into some details.

Population and Location

According to 2013 estimates, the population of Hendersonville was 54,068, which makes it the 11th largest city in Tennessee, qualifying it as a classic large town (a large town has a population of 20,000 to 100,000). Just do not let its population size fool you, Hendersonville will make you feel like you are in Small Town USA.

It is very close to Nashville, you just need to drive 18 miles southeast to reach Music City.  Its total area is 31.37 square miles, of which 27.3 square miles is land and 5.6 is water.

Beauty of Hendersonville

Old Hickory Lake is what makes Hendersonville so unique. About three quarters of the city has shoreline, which adds a remarkable charm to Hendersonville that is hard to find in busy and densely populated cities. The views from bridges and lakeshores at evening and night are heartwarming and make everybody fall in love with this place.

Steve Gregory, long time Hendersonville resident and owner of SG Appraisals, is the first to admit the the lake is a huge draw to his city. "Hendersonville is nicknamed The City by the Lake for a reason, it is a big draw for people to move here," explained Steve. "You can picnic by the lake or have dinner at one of the restaurants in our three marinas; living here Old Hickory becomes a part of your life."

Growth of Hendersonville

Hendersonville is one of the fastest growing cities in Tennessee, which makes it a place with abundant opportunities for investors, businessmen and professionals. That is the reason the average median household income of Hendersonville in 2015 was $64,339, while the same throughout Tennessee was $47,275.

The city has become a place where people can enjoy the beauty the Volunteer State is known for, but still be close to an exciting city like Nashville. This proximity is very attractive to transplants who are moving to the Middle Tennessee region. 
"You can be at the Schermerhorn Symphony Center or Nissan Stadium to see the Tennessee Titans play in 20 to 30 minutes depending on traffic," said Steve

Hendersonville has a future job growth estimated to be 40% and its current unemployment rate is only at 3.9%. Also, the commercial and residential growth are increasing every year. 

This has not stopped the city from having one of the best school systems in Tennessee. Joy Gregory, wife of Steve and owner Home Designer and Staging professional felt that was one of the reasons they originally moved to Hendersonville. "We knew before we started our family we wanted a strong school system and were impressed with the school system out here," said Joy. "While the city has continued to grow, it has never lost that small town feel where children and their education remain very important."


(l-r) Joy Gregory and Steve Gregory enjoy living in Hendersonville, TN because of its small town feel, access to Old Hickory Lake, and its close proximity to Nashville.

 

Things To Do in Hendersonville

1.  Drakes Creek Activity Center

The first place that comes to mind for recreation is DCAC. It’s a huge sports complex filled with golf course, batting cages, game room, and more. It also offers aeroball, outdoor laser tag, a rock climbing wall, and best ice cream of the city among many fun-filled things.

2.  Old Hickory Lake, Of Course

The beautiful Old Hickory Lake welcomes visitors and residents who are looking for watery sports, fishing, boating, camping, and hunting. The oozing charm of the place attracts millions of people every year to enjoy the calm water of the lake.

3.  Peek-A-Boo Playtown

Anything special for kids in Hendersonville? Yes, there is Peek-A-Boo Playtown. It is a miniature town and there are all kinds of places in it like school, house, grocery store, sports field and what not to make sure children get a real town-like experience and have as much fun they can.

4.  The Many Resturants

While Nashville is known for its many eateries, Hendersonville has cuisine scene that can compete with many cities its size. Again the advantage of Old Hickory Lake makes a difference. The Rudder is one of the most popular restaurants and is known for its view of the lake. Barefoot Charlie's is another place that both locals and visitors enjoy the atmosphere that the lake brings.  Those are just two of the many food spots that one can enjoy dining at in Hendersonville. 

This is not it. There are many more places which are the center of attraction for people, including, Trinity Music City, Hendersonville Arts Council and Historic Rock Castle.

Hendersonville, once a small farming community has grown a lot since then… and the best part is that it is still growing and embracing new people. That makes it an impressive place to visit and move.

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Sources:

  1. https://en.wikipedia.org/wiki/Hendersonville,_Tennessee
  2. http://www.hvilletn.org/
  3. http://www.city-data.com/city/Hendersonville-Tennessee.html
  4. http://www.bestplaces.net/economy/city/tennessee/hendersonville
  5. http://www.tennessean.com/story/life/2015/09/02/hendersonville-sees-residential-commercial-growth/71523574/
  6. http://traveltips.usatoday.com/attractions-hendersonville-tennessee-56438.html
Posted by Corey Hammonds Founder/CEO on May 8th, 2017 5:37 PM
 
The South has a remarkable drawing power. For years the south has been characterized by beautiful historic homes, amazing scenery and and a versatile and thriving economy. But perhaps the most notable aspect is what is simply known as "southern charm." This is a laid back style of life that is extremely evident, especially in places like Nashville.

Nashville is a terrific place to live and work. Its also an exciting city that is also known to be one of the musical capitals of the world. This reputation is well deserved as Nashville is the nexus of the Country Music world, in particular The Grand Ole Opry; a stage which has seen some of the most notable singers and bands to ever perform. But there is much more to Nashville than music. This is a dynamic city with a thriving economic core. In fact, the business sector of Nashville has seen considerable growth over the past few years, thus allowing Nashville to become a major economic player in the South.

Combined with good education both pre, and post-secondary has ensured Nashville's secure position in the economic world. One of the main reasons for Nashville's popularity is the thriving housing market. There is a real demand for quality homes in Tennessee and the Nashville real estate market is a place that is full of amazing deals for the careful buyer.

People are flocking to Nashville due to the affordability and accessibility of great homes, education, and business opportunity.

With a bright future, Nashville is looking to the future with anticipation and an attitude of preparedness. This city will continue to be a major player and a fantastic place to live for quite some time. Offering excellent amenities and great homes, its easy to see why Nashville is a smart choice for relocation.
Posted by Corey Hammonds Founder/CEO on April 4th, 2017 8:20 AM


It’s one of our biggest investments and some of us are doing it more than once during our life.

Like many things in our life that have changed dramatically, so did our habitation practices. Most of us don’t stay in one house for the full duration of our lives as it used to be for many people in previous generations.

Our modern dynamic life style and economy, calls for flexibility, mobility and frequent changes, People are following their jobs and careers even if it means moving from one side of the nation to the other.

This tendency is in line with our culture of consuming society. We replace everything faster, we treat cloths, cars (some just lease), refrigerators and our dwellings like fashion items with short longevity.

When we decide to buy a house we need to think in terms of sort to medium range periods of time and that should bring us to consider the resale value of our home in the future.

Buying a home with good resale value might take a little longer, and it might take a bit more work on your part, but you’ll love the payback later, when it sells quickly and puts extra money in your bank account.

The first consideration should be your family needs but it’s cleaver to keep an open mind about what might suite future buyers as well.

The most important three factors are: location, location and location… 

Indeed, it’s first thing to consider when looking for a home. So, what makes a good location?

There are some general elements which are obvious like:

– Does the neighborhood have easy and fast access to the schools, shopping centers and country club.

– It’s wise to pick a house that is located relatively elevated above the area, that can provide two advantages: a flow of good air and a nicer view. 

– How many neighbors are adjacent to you and/or across you in proximity, off course the less the better.

– A house located at the end of the street will suffer less noises from the neighbors and their guests. If the street is a dead end it’s even better. A corner house may have more light and air.

– The positioning of the house towards the north if it’s a warm area as opposed to the south in cold areas. In general, a rule of thumb and this one is general and found right to many locations around the world, as strange as it may sound, the northern neighborhoods are usually more desirable than the southern ones exactly as the western ones are more prestigious than the eastern ones.

– The size of the lot, its shape and the square footage of the house itself.

If the majority of buyers in your area are young families with children,

consider a house with a large yard that’s not fronted by a busy street.

– There are many other environmental aspects to consider with respect to

personal preference like a green agricultural area vs. urban area,

quality of schools and other social services and facilities.

In addition to these external considerations there are many important internal elements that can make a house quality higher and buyers are always looking for, such as:

– Closets, lots of closets and with as much additional storage space as possible. 

– Light and bright – Homes with lots of natural lighting are very popular.

– Split bedroom plans, with bedrooms on each end of the home, are increasingly popular with buyers.

– If you live in a scenic area, having a view can help you sell.

– Plenty of bedrooms, baths and Rest rooms.

– Large and convenient kitchen with as many cabinets and cooking space as possible.

– The tendency to work from home calls for a suitable room to be set as a home office.

– Laundry and dryer machines located at the same level as the bad rooms.

– A spacious basement is a plus.

Features to avoid

– One-bath homes sell for significantly less than homes with at least two baths and they take longer to sell.

– Electric baseboard heat and electric ceiling heat are not as desirable as

central heating systems. A fireplace in the living room is a plus.

– Tubs and showers in outdated colors, or scratched from years of improper cleaning, might be hard to change without ripping out doors or walls.

– Popcorn ceilings date a house, you know, those bumpy ceilings that were so popular in the 1970’s.

Your first objective is to buy a home that’s right for you, but do consider its resale value before you make the final decision, especially if you know you’ll move again within three to five years. A careful purchase now will help give you extra funds to move up with the next time you buy a home.

Home Inspections

Depending on the type of financing you choose, there should be either 2 or 3 separate inspections on the home you want to purchase. The first should be your own basic inspection (see the bottom of this page for what to look for), the second should be a professional whole-house inspection by a reputable person. Should you select a government loan (FHA or VA), the third inspection should come at the time of the appraisal, which to some degree amounts to a “mini-inspection.” Do not, however, rely on this appraisal as your only inspection of the property!

We cannot emphasize enough the value and necessity of an extensive home inspection. Many home purchasers, either in the desire to save the $200 to $500 that a good inspection costs, or due to simple ignorance, have spent enormous sums of money repairing items that any good home inspector would have pointed out. Any offer to purchase you make should be contingent upon (subject to) a whole house inspection with a satisfactory report. Do not let anyone not the agent, not your family or friends, and especially not the seller, dissuade you from having the property thoroughly inspected! Not only will you sleep much sounder after you have moved into the house, a professional inspection can give you an escape hatch from a contract on a defective house. If the contract is written contingent on an acceptable inspection, any defects in the home must be either repaired or monetarily compensated for.

If you are not satisfied, you have the option to cancel the contract.


Posted in:Selling and tagged: buyingresaleproperties
Posted by Corey Hammonds Founder/CEO on March 26th, 2017 4:03 PM