Bank of America has recently instituted on their website one of the best first-time buyer tools I’ve ever seen. Their new interactive Home Loan Guide takes perspective buyers on a tour through the entire loan process from start to finish in  an entertaining and informative way. It also allows the online user to fidget with qualifying numbers in order to find their personal, approvable, sweet-spot.

What makes this tool truly wonderful is that it doesn’t require you to register or sign-up for anything. You don’t have to be a Bank of America customer; and best of all, you won’t receive any annoying sales calls if you view the presentation. Isn’t the internet a beautiful place?

I plan to implement this tool into my new buyer checklist as required viewing immediately.

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*reprinted from the November 2009 issue of Nashville Lifestyles. www.NashvilleLifestyles.com -by StacieStandifer*

While there’s been a great deal of speculation recently about the whole high-rise and condominium market, at least one building has paved the way for others: The Adelicia. not only have they filled the building’s units, but developed a stellar reputation as one of the most sought-after-in-town address.

Even as other developments struggle in a still-uncertain economy, the Adelicia’s popularity seems to be strengthening, especially with high-profile shoppers. Last month Gwyneth Paltorw browsed a privately owned penthouse for possible short-term rental during area filming. It was a bit small, since she’ll have the family in tow, but the point is, the building’s on the radars of serious national movers and shakers. What’s the buzz about? We talked to residents to find out.

For Gary Haber, who’s maintained a business presence in Nashville for 28 years without ever owning a home here, purchasing a second home in the building has been a very positive experience. His primary residence is outside Los Angeles, and he travels often with his accounting business, which deals with A-list entertainment industry clients.

Haber compares his Adelicia experience to that found at some of his favorite hotels. “When they sold me on the project, it was promised that it would be a luxury environment with concierge-like amenities, and that has been realized completely,” he says. He appreciates the turn-key convenience that the staff provides and the location just steps away from Music Row as well as the added bonus of restaurant (Miro District) on the ground floor.

For Dr. Shane Witherow – who moved from the suburbs – living here provides the best of both worlds. “I feel like I’m living in a W Hotel. My favorite time of day is when I come home to see the floor-to-ceiling glass with nothing but city lights.” he chose the Adelicia because he like the finishes, security and location.

Clearly, so do many others – and some of them are use to red carpet treatment. Young vibrant beauties Julianne Hough and Taylor Swift have invested in Adelicia units. They may not be around often, but the security is ideal for high-profile residents who prefer discretion and privacy combined with chic, modern residential space.

Caleb Followill of Kings of Leon is an owner, as is American Idol founder Simon Fuller, former Vanderbilt quarterback Benji Walker and music industry royalty Tony Brown.

The building’s filled with interesting personalities and professionals and oft-traveling movers and shakers make it even more desirable – it never seems crowded and is generally quiet despite being located in the heart of a bustling, nightlife-filled district.

The Adelicia’s success has transcended the urban residential real estate market in Nashville. Since it’s filled with happy buyers, we hope the other developments in the market follow its lead by providing equally desirable living standards. It can be done, and done well. The Adelicia community is all the proof we need.

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45 units are now under contract at The West End, Luxury Nashville Condo

Just want to give you the disposition on the results of the auction yesterday.

It was a great day for buyers and a stressful day for the developer.  There were 45 units to be auctioned.  At the end of the day, 38 units sold at auction and four others sold  before and after the event.  The end result was that 42 of the 45 are now under contract.  The units that were withheld from the auction remain available for sale, approximately 24 in total.

The prices were greatly reduced from the original list price, with an average of approximately 50% reduction in the final contracts.  The price per square foot ranged from $260-$151. Of course, location in the building greatly influenced those numbers.

The turnout was impressive.  With the success of this auction as well as the recent Terrazzo auction, there is an obvious demand for serious bargains – more so than I would have anticipated. I personally am very pleased to see such a large reduction in the urban inventories.  Inventories that could become seriously depleted with the new announcements regarding the convention center and Medical Mart.

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Just Announced – Tennessee Titan Michael Roos and his wife Kat have recently announced plans to develop the corner of Fourth and Madison in Nashville’s historic Germantown neighborhood into “The Square” at 4th and Madison- a green, mixed use condominium development. The Roos’ have lived in Germantown for years and are the owners of the popular DrinkHaus coffee bar.

Stay tuned for complete information including floorplans and price points. It has been reported that the condos and commercial spaces could be delivered as quickly as 18-24 months.

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