We’re very fortunate to have Vida Wakeman of Crye-Leike Realty as a sponsor for this year’s Bands & Boil. In addition to being one of East Nashville’s premiere realtors, she spent years as a touring musician. Her previous career gives her a unique insight into our neighborhood’s real estate climate. She clearly loves the city (“It has everything you need, and more!”), and remains a big believer in helping people secure their future by investing in real estate.
Since almost conversation in Nashville eventually turns to the property values, I sat down with her and asked her a few questions about the current market.
What brought you to your career in real estate?
I’ve always been interested in real estate, and, through some personal investing, realized how much I enjoy it and believe in helping people. It’s my calling!
As a realtor, what factors do you see driving up the cost of homes in Nashville?
Demand is higher than supply. It’s happening across the country as the Millennial Generation moves into the home-ownership phase. Nashville, in particular, is a focal point for people to move to. It has so many wonderful opportunities.
What should homeowners do with their increased equity?
Reinvest in real estate.
What are Nashville’s most desirable neighborhoods right now?
Ha, ha. EVERPLACE.
What strategies should local homebuyers use to remain competitive with out of state buyers with larger budgets?
Use a good agent who knows the market and can use their expertise and relationships to help. It’s not as cut and dry as highest price always wins.
As a realtor, what has been your biggest surprise in the real estate market during the past year?
The volume of homes sold and the tremendous demand.
What advice do you have for first-time homebuyers in Nashville?
NEVER GIVE UP!!!! YOU WILL FIND YOUR DREAM HOME. USE A GOOD AGENT, PLEASE. AND REMEMBER – EVERYONE WORKS FOR YOU – DONT GET PUSHED AROUND.
What advice do you have for home sellers in the current Nashville market?
Even though it might seem easy to list your house and sell, don’t go with the first agent you find. Interview several, and make sure they’re a good fit and will work for you. It will make a big difference.