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knoxville tn: Anatomy of a Short Sale - 07/10/10 03:05 PM
Recently I did a short sale and kept a chronological blog post going about how the process was going and what step we were at. This was posted on my flagship blog, KnoxvilleTennesseeRealEstateBlog but I thought it might be beneficial and interesting to some to reblog it here to see how an actual short that closed went. Posted by Jim Lee, REALTORÂ® @ 7:01 am, June 9th, 2010 Over this past weekend, I wrote an offer on one of my listings which is going to be a short sale. I thought it would be interesting to keep an online journal (3 comments)
Typically at this time of year we're started a season decline which continues into early the following year and then starts a climb back to the traditional peak summer selling season. This year the sales seems to be holdin up longer than usualy according to the graph below which compares 2009 year to date sales with previous years.
As you can see (0 comments)
knoxville tn: It's "Free Flu Shot Saturday" in Knoxville, Tennessee today - 09/26/09 03:28 PM
Started in 1992 by local physician Dr. Charlie Barnett, Flu Shot Saturday has become an annual tradition in the Knoxville area for thousands of local residents to get a free flu shot. Below is the line outside Farragut High School this morning as hundreds lined up for their annual flu shot.
While the shots are technically ‘free’, donations to the Knoxville News-Sentinel’s Empty Stocking Fund which provides food and Christmas toys to thousands of Knoxville families who might otherwise have an unhappy holiday are encouraged and most flu shot recipients drop a generous donation into the box.
BlueCross BlueShield (0 comments)
knoxville tn: Love it or hate it; Tennesseans are using the first time buyer $8,000 tax credit - 09/22/09 08:27 AM
No matter which side of the arguement you come down on; the facts are that lots of Tennessee home buyers are using the $8,000 tax credit to buy a new home with. A recent release by the Internal Revenue Service (IRS) showed that Tennessee was 13th in the nation in buyers that have already claimed or filed for the 8K credit. That program ends on November 30th of 2009 and I'm very curious to see what effect it will have on our market. Buyers I've worked with and had contact with this year seem to be much more deliberate and willing (0 comments)
knoxville tn: Biking the Cade Cove loop road in the Great Smoky Mountains - 08/17/09 09:12 AM
One of the many great things about living in the Knoxville, Tennessee area is it's close proximity to the Great Smoky Mountains National Park. There are many very scenic and beautiful sections of the park but one of my special favorites is Cades Cove. Going from Knoxville through Maryville and Townsend to the Cove is about a 40 mile drive but because of the narrow, windy roads in the park allow about an hour for the drive one way. "The Cove" as it's known to local folks was originally a pioneer settlement first homesteaded by John and Luraney Oliver around 1818. (0 comments)
knoxville tn: Calling all Knoxville area buyers; here's a deal you shouldn't pass up. - 05/10/09 12:52 PM
First the federal government came up with the American Recovery and Reinvestment Tax Act of 2009 which provides for a tax credit of up to $8,000 or a maximum of 10% of the sale price of a home for buyer who have not owned a home in the past three years. Sounds like a good deal but a lot of otherwise qualified buyers were still being left out because even though they were able to qualify creditwise they were cash poor and just didn't have enough available funds to take advantage of the tax credit. Enter a new program from the (4 comments)
Should I buy a home in Knoxville, Tennessee now? A question lots of potential buyers are asking themselves now. So what’s the answer? The answer depends a lot on you and the reasons you’re thinking of buying. Generally if you plan to live in any home you buy in Knoxville for at least the next 3 years now might be a good time for you to buy for the following three reasons: You may be eligible for a new federal tax credit of up to $8,000 that is only available this year for home purchased and closed before December (0 comments)
Here's what's going on right now and how it will benefit you as a new home buyer. First, the nation’s financial crisis has driven mortgage interest rates to their lowest levels ever; currently you get fixed rates below 5% all over Knoxville. A glut of houses has increased inventories of both new and resale homes providing a huge selection to choose from. Currently just in Knox County (0 comments)
As you can see average sales prices started accelerating in 2003 building to a peak in 2007. In February of 2007 that represented a total of 645 3 beroom homes sold and closed. In February 2009 we had a total of 342 3 bedroom homes sold, or 46.9% fewer than 2007. It appears the average days on market (that's time from listing to closing) has risen pretty steeply since last February as well rising from 100 (4 comments)
knoxville tn: Ways to get your Knoxville, Tennessee home sold number 23: - 03/20/09 09:44 AM
Use Realty Executives Associates exclusive 10K marketing program. One of the innovative and exclusive benefits to marketing your Knoxville area home with me and Realty Executives Associates is our exclusive 10K program. It works like this: Each listing that is designated as a 10K home offers the selling agent for that home a 1 in 45 chance to win a $10,000 cash prize. That incentive gets Realtors from not only Realty Executives but others companies as well, excited about showing and selling your home.
This beautiful home in Farragut, Tennessee is a Realty Executives Associates 10K listing and a "Featured (5 comments)
A few changes from the $7,500 credit created last July. Here’s the new deal: 1. Maximum credit amount is increased to $8,000 or 10% of the purchase price; whichever is less. 2. This is a cool part. Homebuyers who don’t intend to buy a home until the end of 2009 can legally alter their withholding to save up money for a downpayment. But if (3 comments)
We want to be the first to WELCOME you to Knoxville! My team is the “The Knoxville Area Relocation Experts”. We have helped hundreds of families with their move to the Knoxville area. Put our “Knoxville Knowledge” to work for YOU! Search over 15,000 Knoxville area Realtor listings at: www.KnoxvilleHomeCenter.com eMail Jim for more information and a complimentary relocation package. We’ll be there for you from start to finish including: Mortgage Assistance, Click “Mortgage Info” at www.KnoxvilleHomeCenter.com eMail updates of Knoxville area homes for sale Area Orientation Tours Buyer Representation Skilled Contract Negotiations Closing Procedures Advice Utility Transfer Help (0 comments)
knoxville tn: Single property yard signs - 01/12/09 08:18 AM
While reading a reading a recent issue of Greg Swann's BloodHound Blog I noticed an article about custom yard sign, each designed especially for a specific property. For want of a better name I call them single property yard signs. Sounded like a pretty cool idea to me so I started doing some research as to how I could create my own. Greg is somewhat of a perfectionist along with being an innovator. After reading the process Greg goes through to turn out one sign I decided to look for a qucker and easier way. Fortunately in Knoxville we have a (80 comments)
One of the best ways to calculate a trend in Knoxville housing sales is the absorption rate for that area. The absorption rates for a huge area such as Knoxville or Knox County is a pretty meaningless number. To forecast current trends more accurately you need to target into a smaller area such as a specific area, subdivision, or zip code.
And, since most sellers and buyers are interested in the price point their particular Knoxville house fits into, limiting it to that price point makes this tool even more useful. As an example let’s take the price point (1 comments)
knoxville tn: 2 out of 5 home sales tax rule changes in 2009 - 09/29/08 09:22 AM
Beginning January 1st of 2009 the current, 2 out of 5, tax rule will change. Currently if you’ve lived in your Knoxville or Farragut, Tennessee home as your principal residence for any 2, doesn’t have to be consecutive, just cumulative, of the previous 5 years you can exclude up to $500,000 of gain if married filing jointly and $250,000 if single. The new rule is that if you used the property first as something other than a principal residence (such as a vacation home or investment), that you must pro-rate the gain so that some is taxable and some is tax (3 comments)
knoxville tn: Good news from Knoxville, Tennessee - 07/06/08 11:47 AM
Here's some good news about Knoxville, Tennessee to think about next time you pick up a newspaper or turn on your television and hear the "doom & gloom" about the so called national real estate market: 2008 - Knoxville ranked 4th on the "Best Cities for Relocating Families" list for Mid-Size Markets. Source: Worldwide ERC and Primacy Relocation May 2008 2008 - Metropolitan Knoxville named No. 10 on the list of Forbes Magazine "Best Places for Business and Careers." Source: Forbes Magazine March 2008 2007 - Expansion Management magazine named the Knoxville Metropolitan area 3rd among all mid-sized cities in the (2 comments)
knoxville tn: What's your neighborhood's "Walk Score"? - 06/30/08 07:59 AM
Here's a quick, easy way to calculate your neighborhood and your home's "walk score". Your walk score is how "walkable" your location is; that is, how quickly and easily you can walk to everyday services such as drug stores, grocery, library, restaurants, dry cleaners, etc. Visit WalkScore.com to calculate your Knoxville home's walkability index.
Don Anderson, one of my fellow Realtors, crossing a creek in the Great Smoky Mountains National Park, a walker/hikers paradise. We moved to a new home last year and I was delighted to find our new home's walkability was a 66 out of a possible 100 (7 comments)
knoxville tn: "Sundown in the City" in downtown Knoxville Tennessee - 03/27/08 10:40 AM
In what has become one of the rites of spring in the greater Knoxville area, a weekly outdoor concert series called "Sundown in the City" kicks off April 17th with the funk-fusion band Galactic. Each Thursday evening beginning at 6:00 pm with the music starting at 7:00, the downtown Knoxville Market Square Mall comes to life with live music for all ages and tastes. And best of all, it's totally FREE even to the parking! Sponsored by a group of local businesses, Sundown in the City has drawn crowds of over 10,000 music lovers who kick back and enjoy rock, jazz, country, bluegrass, (0 comments)
You may have brought your child to one of those "Breakfast with Santa" affairs in a mall or other local event but I'll bet you've never had breakfast with Mr. Claus and had live penguins waddling around or a real, non-stuffed giraffe peering down at you.
Knoxville's world class Zoo is holding their first "Breakfast with Santa" event on December 8th at 9:30 am. The price includes; a personal visit to Santa's lap, a hearty breakfast, live entertainment, games, crafts, and a special gift from ol Santa. Call (865) 637-5331 ext. 300 or visit the zoo's ticket office to reserve your child's spot. Seating is of course limited; (4 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.