Support Us Button Widget
Sponsored Content

Navigating the Summer 2022 real estate market in Nashville, TN

Sponsored by
the-nations-neighborhood-nashville-tn

MKT homeowners can go to Opendoor.com and get an offer in minutes by entering their home address and answering a few questions about their home. | Photo by the NASHtoday team

Table of Contents

Looking to buy or sell your home this summer… and not break a sweat? It’s no secret the NASH market is hot. If holding out until the market cools off isn’t an option, there may be some good news on the horizon.

According to an Opendoor.com survey from last month, less than half of consumers (42%) say that the current macro conditions will impact their buying timeline. Read: Buyers are resilient.

For homebuyers who are still actively searching for a home, lower competition + more seller activity can help provide some relief.

That, coupled with the rising cost of home loans, may help cool the red-hot housing market as higher rates will lead some borrowers to lose their mortgage eligibility due to banks’ strict debt-to-income ratio requirements.

Mortgage rates continue to sky-rocket, impacting the bottom lines of both homeowners + borrowers. The average fixed rate on a 30-year mortgage reached 5.27% in early May, the highest level in more than a decade.

opendoor-selling

DYK: Every 60 seconds, a homeowner requests an offer from Opendoor. | Photo provided by Opendoor

Matt Wier

Homeowners who sell to Opendoor can avoid showings and manage their sale entirely online. Plus, with Opendoor’s all-cash offer, sellers don’t have to worry about a buyer’s financing falling through. Homeowners maintain complete visibility and control throughout the process.

Bonus: Sellers get to choose their closing date — minimizing the possibility of double mortgages or double moving costs. And you can cancel anytime before close, at no cost, for any reason.

Buying with Opendoor

With Opendoor, home buyers can find, tour, purchase + close on homes seven days per week at their convenience and all from their phone.

Buyers can take advantage of Opendoor’s:

  • On-demand self-tours for any home on the market
  • Cash offers (Opendoor will back your offer with our cash, giving you an edge over other buyers)
  • 90-day buyback guarantee

How it works:

Opendoor helps buyers provide cash-backed offers on homes at no additional cost, giving you the power to put forward the most competitive bid for your dream home, while providing sellers the certainty of a fast close.

Download the Opendoor app to find, tour + close on a new home on your timeline.*

Poll

What is your least favorite part about buying/looking for a new home?


More from NASHtoday
The 2025 Super Bowl is on Sunday, Feb. 9 featuring the Kansas City Chiefs vs. the Philadelphia Eagles. From players to commercials, there are a few Nashville connections to know.
Here’s what ChatGPT came up with for a good-natured roast of Music City. Spoiler alert: It didn’t hold back.
Sylvan Park Boarding House is set to open in early 2026 inside a renovated home built in 1910 within the Park-Elkins Historic District.
The Tiger Woods-backed golf and entertainment venue was first announced in spring 2023, and a new construction timeline predicts an early 2026 opening.
Make your voice heard, nominate your favorite local biz and they could win NASHtoday’s Best Competition.
Celebrate the Academy Awards by catching nominated films at the Belcourt Theatre.
The annual coffee crawl is back with even more limited-time drinks to keep you caffeinated until Valentine’s Day.
Former Tennessee Gov. Bill Haslam and his wife, Crissy, are leading a group to bring a WNBA team to Nashville’s Bridgestone Arena by 2028.
Bookmark this guide for a curated list of events taking place each month that we’re most looking forward to.
Nashville Premium Outlets will be located in Thompson’s Station, a 30-minute drive south of downtown Nashville.