Monday-morning quarterbacks have all the answers.
For example, after Ryan Tannehill’s disappointing performance in the season-opening loss at New Orleans, they flooded the sports-talk call-in shows and social media with their verdict: Tannehill is no longer capable of leading the Titans.
Then came Sunday’s home-opener, in which Tannehill completed 20 of 24 pass attempts for 246 yards and a touchdown during the 27-24 win against the Chargers. After three interceptions in the previous game, he threw none this week.
Fortunately for the Titans, the real experts who are paid to coach the team knew Tannehill was better than his Week One performance. They saw no need to surrender the season, bring in the rookie, lose enough games to get a new draft pick, fire the coaching staff or any of the other solutions offered by those blessing the airwaves with their wisdom.
Unfortunately, Monday-morning quarterbacks are common in other venues. In real estate, everyone’s an expert, and friends and family are seldom right but never in doubt.
When houses lie comatose on the market – many are currently – and the prognosis is bleak, there are always recommendations and suggestions for selling these houses. Again, seldom right but never in doubt.
If the problem is high interest rates, they’ll seek an adjustable-rate mortgage. But that solution has gone the way of the leeches.
Another answer is to lower the price to a point to the point that a buyer who could not have afforded the house at the original price could now feel comfortable purchasing the property. That leads to a disappointed buyer who will bail out when the inspection results are tabulated.
In the case of Nashville real estate, many buyers are following the “take two aspirin and call me in the morning” approach and waiting for drops in prices and interest rates. The sellers are using the same prescription and feel they can suffer through the darkness until daylight appears, that being when the Federal Reserve loosens its stronghold on interest rates.
If the market is COVID, the Fed is Wuhan. Something needs to give. Perhaps Dr. Fauci could secure a seat on the Federal Reserve.
1018 Ozark Street
One answer might be Offerpad.com. This company works with listing agents and helps negotiate sales that are reasonable for houses priced at less than $500,000.
Sale of the Week
Another $3 million sale has gone down in East Nashville with the closing of 1018 Ozark Street, a house listed by Britnie Faith Turner with Cloud Realty.
But that’s not the half of it. She also is the founder and CEO of Aerial Group and Aerial Infill. Aerial Infill bought this property from Aerial Global for $350,400. Yes, there are more Aerials in this deal than in a Walt Disney movie.
One of the Aerials constructed this 5,100-square-foot house that sold for $627 per square foot before the construction was complete.
With five bedrooms, four full bathrooms, and one half bathroom, the modern house rests on 0.16 acres and has four floors of energy-efficient living space, complete with an Energy Star tankless water heater, Energy Star windows and cellulose insulation.
Turner’s company has been recognized by Forbes and Fortune as the “Sixth Fastest Growing Woman-Owned/Woman led Company in the World.” In StartUp Weekly, Turner was named as one of the “2021 Successful Women in Business.”
She is a motivational speaker and entrepreneur, hosting events wherein she shares her knowledge with those seeking to emulate some of her success. Her company provides real estate development, media production, nation development and nonprofit work.
She is fearless, and sold the house on Ozark for $3 million in what some would consider a daredevil move.
Richard Courtney is a licensed real estate broker with Fridrich and Clark Realty and can be reached at [email protected].