Radio Broadcast Saturday July 31st

By
Real Estate Agent with Village Real Estate Services 271657

Certified Residential Appraiser, Thomas Bivens was my Special Guest on Open house with Dena this past Saturday, and his perspective on the market and home values was informative for the listeners to WCRK Hometown Radio.  It was very enjoyable to do the show with Ed Arnold, and I offer a special thanks to Thomas for taking the time and putting forth the effort to be my guest on the show. 

First I wanted to continue giving homeowers who are selling in this market some information about how to compete in this market.  After reviewing the local Lakeway Area Multiple Listing Service, I found that there were a staggering 111 homes for sale in Hamblen County in the 200K to 300K price range.  And that 99 of those were between 205K and 300K.  What's more amazing and relevant, is that over the last 2 years, only 35 homes have sold in that range according to the local MLS data.  What that means is that if things continue as they have over the next two years, only 1/3 of the current sellers will go to closing.  That means competing in this market is serious business. This is why I wanted to give sellers some tips for being on top of the game.

For one thing, I mentioned that Pricing the Home is the MOST IMPORTANT of all tasks you will undertake.  I suggested that sellers do some online research, talk to their real estate pro about the market data, and think about getting a current Real Estate Appraisal to really get an idea what the market is doing.  If the seller is lucky enough to be able to price their home or property below the current appraised value, the home shoppers will recognize that this is a good deal based on that information.  With so much uncertainty and so many choices for buyers, this is a strong position for a seller to be in.

Secondly I suggested a Pre-Sale Home Inspection to find out what Issues may come up with the structure and condition of the house. Sellers can have a Licensed Home Inspector come and do this even before the property goes on the market to avoid surprises later on.  It's great to know what these reports are going to say, and sometimes it's surprising what the findings are.  Sellers can use this information to make repairs before beginning the marketing process or even get estimates for repairs to provide to potential buyers.  The last thing a seller wants is a surprise after getting an offer in this market, so this is a smart tactic.

Thomas Bivens, Real Estate Appraiser, really gave us and our listeners some great tips and very pertinent information about the current mortgage market and what types of factors are affecting home and property values.  Thomas has been appraising in Morristown for 20 years, and can be reached at 423-581-2076.

Next week, there will be more seller tips from Dena Helms and the Guest will be Amy Shrader, from Lenders Title and Escrow.  Amy will fill us in on some facts about title insurance and other relevant tidbits about Real Estate closings.

Gratefully, I want to thank WCRK Hometown Radio for the opportunity to offer this broadcast on Saturday mornings at 10:30AM EST. 

Thanks for being part of the ongoing conversation,

Dena Helms, Real Estate Broker

Re/Max Real Estate Ten, Inc 525 West Morrisd Blvd. Morristown TN 37813 423-581-8881

www.openhousewithdena.com

 

 

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Comments (2)

Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Good luck with the radio program - you are doing a great job!

Aug 04, 2010 12:13 AM
Dena Helms
Village Real Estate Services - Nashville, TN
Real Estate Broker

Thanks, Norma.  I am so glad to have you comment on my blog post.  I would love to have lunch with you again just to keep up.  Let me know if you have some time for that soon. 

 

Aug 04, 2010 06:23 AM