Oct. 1, 2021

Early October is the Sweet Spot for Buyers

Early October is the Sweet Spot for Buyers | MyKCM

Are you looking to buy a home? If so, we’ve got good news for you.

While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall.

According to realtor.comthe sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal week to buy a home this year. The research says:

Nationally, the best time to buy in 2021 is the week of October 3-9. This week historically has shown the best balance of market conditions that favor buyers.”

So, what’s that mean for you? If you’re looking to buy a home, there’s a golden window of opportunity coming. Here’s what you can expect from that week.

Increased Housing Supply

The number of homes available for sale should increase. According to realtor.com, you can expect to see more new listings come to market the week of October 3. The findings estimate we’ll see roughly 17.6% more homes available than we saw at the start of the year.

This means you’ll have more options to choose from which should be a welcome relief in a market with tight housing supply.

Fewer Bidding Wars

With more homes available, you should also see a slight decline in the number of bidding wars. Having more options means buyers may not be competing as intensely for the homes on the market because there are more choices to go around.

This means when you write an offer, you may have less competition and a better chance of being the top bid. Just remember, it’s still important to come in with a strong offer.

Adjusted Homes Prices

As we move into the end of the year, the findings from realtor.com note this week may also be one of the peak weeks for price reductions in 2021. Historically the data shows an average of 7.0% of homes have a price reduction that week. Why? When housing supply ticks up, sellers need to look for other ways to make their house stand out.

This means, while home prices are still appreciating overall, you may see some homes with price adjustments from eager sellers. The process of closing a house takes time. To close before end of year, sellers may be more motivated this October.

Bottom Line

If you’re in the market for a home, don’t lose steam now. Data shows early October may give you the long-awaited opportunity to find the home of your dreams. Let’s connect so you have a trusted ally and advisor to help keep you motivated so you can find the perfect home for you.

Posted in General
Sept. 30, 2021

As Home Equity Rises, So Does your Wealth

As Home Equity Rises, So Does Your Wealth | MyKCM

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.

According to the latest data from CoreLogic, the amount of equity homeowners have has continued to grow as home values appreciate. Here are some key takeaways from the Homeowner Equity Insights Report:

  • The average homeowner gained $51,500 in equity over the past year
  • There was a 29.3% increase in national homeowner equity year over year

To give you an idea of what that looks like in your area, the map below shows the average equity gains by state.As Home Equity Rises, So Does Your Wealth | MyKCM

What does all of that mean for you?

If you’re already a homeowner, you likely have more equity in your house than you realize. The numbers in the map above reflect year-over-year growth. If you’ve been in your home for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more.

On the other hand, if you haven’t purchased a home yet, understanding equity can help you realize why homeownership is a worthwhile goal. Homeowners across the nation gained an average of over $50,000 in equity this year. Don’t miss out on this chance to grow your net worth.

Bottom Line

If you want to learn more, let's connect. A trusted advisor can help you understand where home prices are today, how they contribute to a homeowner’s net worth, and the impact equity can have when you own a home.

Posted in General
Nov. 11, 2020

About Us - Greg and Kate Spackman

Greg Spackman

About Us - The Spackman Group

Greg has a head for numbers and is phenomenal at comps and pricing.  He'll do research on his research.  He is the logical, direct-side of the business althought he does like to joke with clients, as well.  He will keep you laughing for sure.  And that usually involves a few eye rolls from Kate.

When he's not working, you can find him playing Ice Hockey on a beer league team called The Might Drunks (a take off from the Might Ducks).  Once a year he and some of his teammates travel to chilly Minnesota to play a little old school pond hockey in a fun tournament he wouldn't miss for the world.  He's played hockey with Teemu Selanne, he's IN TO hockey!

Greg loves to fish, watch movies, read, race rc cars and travel.  One of his favorite destinations is Las Vegas - he's a gambler.  His favorite food is Sushi and he can't stand bleu cheese (ask him the story about it).  Stoney River is his jam.  He's all about steak too.

 

Kate Spackman

Kate works closely with both buyer and seller clients to provide personalized service with an attention to detail you won't find elsewhere.  She helps buyers envision possibilities in a home and she assists sellers in putting their home on the market in it's best possible light with impeccable visual coordination to sell properties for TOP dollar even in the most competitive markets.

Her goal is to get everyone on the same page and comfortable.  From the minute you meet her, you'll see how passionate Kate is all about the client experience and ensuring even the tiniest of details is given attention.

Kate has servant's heart and enjoys giving back as regular KW Ignite Instructor - helping new agents learn the ropes.  When there's time, she enjoys crafting and graphic design, movies, cars and of course shopping.  Kate loves bleu cheese, doesn't like sushi and likes to play it safe - proof opposites DO attract.

Greg and Kate relocated to Williamson County in 2013 from Southern California and have five children (four boys, 1 girl) and an adorable little Yorkie named Archie.  So, they speak RELOCATION fluently, of course!

The Spackman Group strives to provide exceptional client experiences beyond the closing table.  Our goal is to educate and empower clients to make informed decisions.  As proactive, trusted advisors we put our customer's interests first, anticipating the needs of each client and quickly taking action on their behalf.  Many of our clients have become life long friends and we wouldn't have it any other way.  We welcome the opportunity to EARN your business and your trust whether you are BUYING, SELLING or taking the first step towards INVESTING.

If you are looking for a client-centric real estate team focused on getting real results.  WE are that team.

Posted in General
Feb. 14, 2016

How We Ended Up Here

We often get asked “How did you end up here, in Nashville?” So Kate suggested we share a little bit about us and tell the story so when people ask, instead of re-telling the story we can just send them the link!  Just kidding… I’m not the best story teller but here’s my stab at it.

Once upon a time… Happily residing in sunny California, we were certainly blessed. I was Captain of two local hockey teams, played 2-3 times a week, we were 15 minutes to Laguna Beach, 20 minutes to Disneyland, In-N-Out Burger was everywhere, Anaheim Ducks Hockey games and Fantasy Camp was 20 mins, and it was less than an hour flight to Las Vegas.  We lived in Ladera Ranch about 20 minutes from my family and where I grew up and just about 10 minutes from Kate’s parents home, everything was nice.  It was sunny and 70.

While we were driving up Crown Valley Parkway, my wife turned to me one day, and just blurted out “What if we moved to Nashville?” I replied with an “Are you nuts?”

www.thespackmangroup.com

            Downtown Nashville, Tennessee, USA.

So…here we are in Nashville…(insert canned laughter here) and we love it. The schools are some of the best in the nation, the people are friendly, the cost of living is so much more affordable, the seasons are apparent, there’s no shortage of rain (or water) and there’s just something about The South. A peacefulness.

 One of the things we found most charming was that when locals discover you are new to the area, their first question is “Do you have a church, yet?” Not only were people taking the time to visit with us, they were genuinely expressing interest in our spiritual well being. This was not something we had ever encountered in California…church was not really spoken of. You knew people went there on Sundays, but no one ever spoke of church OUTSIDE church. Not at least from our experiences, anyway.

Kate feels strongly that God has been directing our steps to Nashville, not just short term, but all the way back to a friend she met her Sophomore year in High School (who would move to Franklin just 10 days before we did). There were little “signs” along the way and even a little skywriting. If you ever want to hear the story there, just ask.

After doing some research on the area, she came across some images on Pinterest of Franklin’s Pumpkinfest and fell in love with the idea of a festival on Main Street in a quaint southern town like Franklin. The scarecrow image, iconic to the PumpkinFest, was one of her favorites. Soon after she discovered the images on Pinterest of the Dicken’s Festival.

She said it all looked so Norman Rockwell and she wanted to raise our kids somewhere like that. She wanted a place that time passed a bit slower, people were friendly and not in so much of rush to get somewhere that they lost the ability to really live and enjoy life.

One of the “signs” or “crumbs” as Kate likes to call them involved Jenna Von Oy, the famous Six from the sitcom Blossom in the early 90’s. Jenna had written a blog about parenting and it was featured on an entertainment website. Kate read it and connected right away with it. Later on, several months later, while we were searching for a realtor to show us homes during our visit to the Nashville area, I sent Kate a link to contact a realtor. Upon receiving the link, Kate gasped and then started to cry. The link I sent her was based solely on the fact that the realtor in question had lived in California and I assumed would be able to relate to us and what we might want since she’d lived there. I had no idea it was Jenna Von Oy, now Jenna Bratcher.

That moment was certainly tipping point for Kate. The coincidence was just too coincidental from her standpoint. Hey, God talks to all of us differently…he reaches us where we ARE. And during that moment, God certainly reached Kate. She likes to joke that she’s thankful God didn’t ask her to go pick up and move somewhere she didn’t want to go….Nashville was somewhere she WANTED to go. So, obedience was easy there.

We have five children: four boys and one girl. Brendan, Cameron, Megan, Nathan and Chase. No pets but we are definitely being tempted to adopt from the Williamson County Animal Shelter. If you don’t know already, they post some seriously adorable dogs and cats who need homes on facebook.

Maybe we’ll adopt one soon, now that all the kids are in school finally. I continue to play ice hockey and captain a team here in Franklin on Sunday nights. Kate is crafty and loves to create things, decorate and entertain. We don’t have any family in the area and that was an adjustment for us. Our home was always the location of holiday dinners and family events.

We are transplants. Kate wishes she’d been born and raised here, though.  The culture here is so majestic. It’s almost indescribable. Each fall we have made a tradition of taking the family up to Pigeon Forge and spending the week leading up to Thanksgiving in a cabin we rent there. It’s a great time to just enjoy each other’s company, relax and just be. The views are incredible and we even manage to squeeze in a few laps of go-cart racing, always a family favorite.

This eclectic city is jam packed with fun, entertainment, shopping, and so much more.  Whether you’re a family with small children (if you are be sure to check facebook for local Nashville Mom groups), a college student, a young married couple, a single man or woman….there is always something to see and do here. From the shops and dining in 12South to the quaint streets in Downtown Franklin and the beauty of Arrington Vineyards (to name just a few), there is so much to discover and experience.

Looking back to those years in California raising the family, I had no idea what lay ahead. They always say that it’s not the destination, it’s the journey. And this certainly has been a journey for all of us. One that has changed our life in such positive ways and connected us with a community of locals and transplants living harmoniously together and appreciating all that is Nashville – from the food, to the music, to the history, the sports, and the people. Like I said, there’s just something about The South, and there’s just something about Nashville.

If you or someone you know is considering a move to the Nashville area, give us a call/text or shoot us a quick email.  We’d love to give you the full tour (or the condensed one if you prefer) and help find the right house at the best price.

You can visit our website www.thespackmangroup.com to check out the local inventory of homes for sale in Franklin and the Greater Nashville Area.  For local area happenings and lifestyle posts, you can follow our blog.  You can also stay connected through social media with the links below.

Thanks for letting us share our story with you.  – Greg Spackman

 The Spackman Group at KELLER WILLIAMS REALTY (Nashville – Franklin)
9175 Carothers Parkway, Suite 110
Franklin, TN 37067
615-778-1818 (Office)
gregspackman@kw.com   ||  615-939-1252
www.thespackmangroup.com

CHECK US OUT ON FACEBOOK  – HERE

Posted in General