Homes Sales Pick Up in 2010 in the metro Knoxville Tennessee

Knoxville - Tennessee - JustListedKnoxville.com . Homes Sales Pick Up in 2010 in the metro Knoxville Tennessee area according to the JustListedKnoxville.com real estate group, affiliated with real estate brokerage Realty Investors. Closed sales climbed to 9,155 single family homes in 2010. Included were 2,230 Foreclosures and 435 New Homes sales which includes 33 Million dollar Plus Homes. Highest closed price $3,000,000.00 Average closed price of $170,990.

Expired Listings properties that did not sell in 2010 totaled 10, 201.

Withdrawn properties that were taken off the market by the owner totaled 8.210 in 2010. Real Estate agents listed a total of approximately 27,566 single family properties in 2010 with 33% of listed single family properties selling.

"We are observing a more vigorous house price recovery and we are forecasting prices in the metro Knoxville area to appreciate over the next 12 months. A trend that should continue for the rest of 2011 into 2012."

Top Single-Family Sales By type of Financing used in 2010 were, Conventional 43%, FHA 22%, Cash 22%, VA 4% and Owner 1%

Single-Family Unit Sales in 2010 By Days on Market rank, 181+ Days 31 - 60 Days 121 - 180 Days 61 - 90 Days 1 - 30 Days 91 - 120 Days Average Market Time117 Days

TOP MLS Housing Style sold in 2010 was the Ranch Home followed by 2 Story Homes with 1-5 Acres, 1-1/2 Story, Split Foyer, 2 Story Basement, Homes with 5+ Acres, Tri-Level, Split Level, and 2-1/2 Story Homes.

TOP MLS Exterior Features of sold homes in 2010: Fenced Yard, Storage Shed, Handicap Accessible or Handicap Equipped, In Ground Pool, Hot Tub and Additional Living Quarters

TOP MLS Lot Description in 2010 Mountain View, Lake View, Golf Course or Golf Community Lake Front, Creek, Lake Access, Pond and Dockable

Top Advertising Terms in 2010 included: Motivated Seller followed by As Is, Reduced, Closing Cost, Rental, TLC, Short Sale, Investment, Furnished, Make Offer, and Secluded

Home Sales Report Beginning 01/01/2010, Ending 12/31/2010. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED, may vary, and are for illustration comparison. Mathematical extrapolations and metrics used in statistics. Steve Albin web site JustListedKnoxville.com Affiliated with real estate brokerage Realty Investors LLC 507 N Cedar Bluff Rd Knoxville, Tennessee 37923 Tennessee Real Estate License 261417 865-691-5348 Each Office is Independently Owned and Operated. KAAR Home Sales Report http://kaarmls.com/homesalesreport.htm

"It's the start of the buying season," for property in East Tennessee says Steve Albin, of Just Listed Knoxville.com.

"It's the start of the buying season," for property in East Tennessee says Steve Albin, of Just Listed Knoxville.com. He says now is traditionally the best time of the year to buy property, and this season looks no different. As a matter of fact, it's been several years since opportunities for buyers have looked this good.

There are more homes on the market at this time of the year, making it a prime time to close a deal. For buyers, the good news just keeps coming, "says Tina Mounger of Just Listed Knoxville.com. "Lots of people wait until now to put their house on the market because they know the buyers will be there," says Steve Albin of Just Listed Knoxville.com. "Things warm up and it's a nice time to go out and shop for a house." According to Trenna Hamilton of Just Listed Knoxville.com, now the market will favor buyers even more than it has during the last several years. "There's a unique opportunity right now that hasn't existed since 2000," he says. "That is the willingness of sellers to negotiate."

Sellers and home builders are much more willing to make concessions in many areas, including sale price and terms. Now, sellers are going to be especially motivated. Once inventories level off, home prices will begin to climb again and the bargaining power may return to the seller. If you wait too long, you could miss out on some great opportunities. You never know when the market will actually peak out and you don't want to get caught in the upswing, or even worse, a bidding war with other buyers.

In more good news, some areas are still appreciating at a steady pace, making it an ideal time to invest. "Real estate professionals say the important thing to remember about real estate is that it's local, and looking at national statistics can sometimes be misleading. In other words, just because the sky seems to be falling across the nation doesn't mean there aren't areas that are still stable".

JustListedKnoxville.com Real Estate Team affords you the luxury and helps to insure "Your Home, Your Family, Your Investment, Our Priority" also a Final word. Please note that we do not provide a one time search service but rather an ongoing client/consultant relationship, Services Include: Personal advocacy for relocation , home mortgage approval, title and legal document preparation, home marketing assistance, home inspection and appraisal coordination, household goods management, referral management, destination home buying counseling, home warranties and more all this for individuals.

Mortgage Knoxville Tennessee East Tennessee Mortgage Rate

Wondering how the loan process works. Not sure where to start? Before you get started with any lender or mortgage broker you may want to Down Load our PRE-Application work Book and read about the home loan process in general. Here you’ll find our process – a PRE-Application work Book for what it’s like to apply for a mortgage and the information the mortgage company will ask you for.

Looking for home mortgage loans can be a daunting task, but it need not be. Whether you are looking for financing, refinancing or equity loans all you need to do is follow the resources found on this site PRE-Application work Book. Visit some of the lenders and mortgage brokers that we have listed here until you can find one that you feel comfortable with.

I want to list my house with a Realtor BUT I'll have to pay 6% or 7%" You don't think it's fair, well, neither do we. NO WAY - NOT HERE!

Is it worth paying 6% or more when most buyers go online now and find the range of homes they want to see? I can see that 10 years ago when the listing agent had to do more work but not now. I have seen stats where the "MLS" is responsible for over 90% of sales. If your home is priced right and on the "MLS", it will sell regardless who lists it or what they charge.

Real estate agents pay big bucks to learn what to say to" Get a New Listing or an “Expired Listings ” to justify a 6% or 7% listing fee which cost you thousands........ CLICK Here

"The Internet continues to level the real estate playing field in today's very challenging real estate environment and beyond into the new real estate business normal."

Sell Your Property More Intelligently by Forbes.com Real Estate Advisor Cut Real state Commissions by Barry Nelson Market Value Real Estate Property Listing Service. "This approach gives the buyer's agent incentive to show and sell a property, but saves the home seller expensive listing agent commissions.

Realistic Cost For "Market Value Real Estate Property Listing Service" We believe that the traditional 6% or 7% is an outdated practice and has no correlation to the cost of performing a listing real estate transaction. The question is how much are you going to pay? Therefore the standard listing fee at time of agreement is $495.00*

REALTOR Expand Local Home Seller Reach To Internet Buyers With JustSOLDKnoxville.com Listing Marketing Syndication Program

Knoxville, Tennessee - JustSOLDKnoxville announced that it has completed the implementation of its national property listing syndication program, which includes major real estate companies web site as Coldwell Banker Real Estate Century 21 Real Estate GMAC Real Estate ERA Real Estate Real Living Real Estate Re/Max Real Estate Realty Executives Real Estate Sotheby's International Real Estate Weichert Realtors Assist-To-Sell Real Estate Prudential Real Estate Exit Real Estate Crye-Leike Real Estate Keller-Williams Real Estate. In addition your property is sent to over 3,000 REALTOR buyer agents and member of the Knoxville Area Association of REALTORS MLS as a new listing.

Under the JustSOLDKnoxville.com program, with a single click of the mouse and at no added cost to the seller JustSOLDKnoxville.com expand home seller property listing exposure to cover millions of additional buyers, on JustSOLDKnoxville.com syndication partner network of nearly 50 websites and search engines increasingly popular with consumers for researching real estate in the United States.

Syndication Partner Network Include: AOL Real Estate Birdview.com Boston.com* CLRSearch.com Condo.com Cyberhomes Delta Media Group duPontREGISTRY.com* eRealInvestor Enormo.com FrontDoor.com Google Base HGTV, FrontDoor HomePages.com Google Base Homes and Land.com HomesByLender.com HomeGain.com HomePages.com - (listing content linked in most areas) HomeFinder.com HomeOnTheTube.com HomeScout.com HomeSeekers Hometourconnect.com HotPads HouseLocator.com Integrated Asset Services JustRealEstateListings.com LakehomesUSA.com LandWatch Lone Wolf Locanto.com MyREALTY.com MSN Real Estate NYTimes.com* National Relocation NetAspects NYTimes.com/GreatHomes* OLX.com Oodle.com Overstock.com Propertyindex.com PropertyShark Prudential Properties VOW QuantumDigital QuickSale.com Realtor.com RealtyStore.com ResortScape Relocation.com SecondSpace The Real Estate Book TweetLister Top Producer Trulia.com UniqueGlobalEstates.com Vast.com VisualTour.com The Wall Street Journal/RealEstate Yahoo Real Estate Vast.com ViewHomes.com Zillow.com

iGoogle

2011: The Year a House Again Becomes a Home

For almost a decade now, every time we talked about real estate we immediately discussed money. We didn’t talk about the value of a home but instead about the price of the house. We didn’t worry about a roof over our heads but instead the ceiling on our interest rate. We didn’t care as much about where we raised our family as we cared about how much we increased our family’s net worth.

That will change in 2011.

The JustListedKnoxville.com real estate group believes very strongly that real estate will return to what it has been for the 200+ year history of this country: a place for us and our families to live comfortably. It will also prove to be a great long term investment as it always has been.

Our parents and our grandparents didn’t buy their homes as a short term financial investment. They bought it so they had a place of their own to come home to at the end of the day; a place to raise their family; a place they could feel safe.

Sure they dreamed of a ‘mortgage-burning’ party. They realized it was a form of forced savings. They were taught that, if they paid their mortgage every month, they would wind up with a little retirement account decades later.

And, they realized that wouldn’t happen if they rented.

However, in the last decade, we somehow forgot that the financial aspect was the serendipity not the major reason to buy. We believe that 2011 will be the year that people return to the historic reasons families purchased a home. This is the year when we again remember that homeownership is a major part of the American Dream.

What about the challenges to a housing recovery? Let’s look at them.

The Economy

Most reports are showing that the economy is doing better than expected. This shopping season provided additional proof of this point. As the economy recovers, so will consumer confidence. This will be great news for housing.

Unemployment

There is much talk about a ‘jobless recovery’. We agree that unemployment will continue to be a challenge. However, when you talk about housing, it is not the unemployment rate that is all telling. Instead, it is the change in the rate. As unemployment skyrocketed, people started to worry about their own job. Any change creates concern. Unabated concern turns to fear. Fear causes paralysis. The spike in unemployment has plateaued. People no longer have the feeling that ‘they are next’. The fear will diminish and people will start moving on with their lives. This too will be great news for housing.

Interest Rates

It seems the bottomless pit in which rates have been falling does have a floor after all. And it seems we have found it. Those purchasers who had been waiting for the best interest rate may have already missed it.

Prices

Economists are projecting that prices will not see any appreciation in 2011. Sellers who had been waiting for 2006 to return will come to the realization that waiting any longer makes little sense. They will instead decide to get on with their lives and sell this year.

Prices probably will soften further. However, the possible savings to potential buyers will be minimized by a rise in interest rates.

Bottom Line

This is the year that normalcy returns to real estate. People will buy and sell based on the desire for a better life for themselves and their families. They will realize that is the true value of homeownership and they will be willing to pay for that value. by The KCM Crew on December 29, 2010 ·