6080 Town Creek Road Lenoir City TN

6080 Town Creek Road East, Lenoir City, TN New listing $218,000!

Welcome to this charming 3 bedroom, 1.5 bath home nestled on 2 lots that total 3+ acres. Numerous updates include new carpeting in bedrooms and office; new laundry room, refinished hardwood floor in living room, and much more. Attached extra room can be used as a sun room, office, or better make it your own special space!

Enjoy the gazebo near the pond. There is a workshop and another shed on the property.

View the virtual tour here.

Call me today to set up a showing on this spectacular property – at Realty Executives Associates 865-588-3232 and ask for Chiara.

 

How Long Should You Keep Your Home on the Market?

I came across this oldie post from an old blog of mine and thought it would be good to update it for today’s market. Many a home seller has been there-the house has been on the market for months and there is no sign of a sale.  At what point should you pull the house off of the market, assuming it is even an option for you?  When you start to feel like you are getting nowhere, it’s important to step back and consider the facts of the situation before you make any decisions about how long you should keep your home on the market.

 

Is The Season A Factor?

If your house has been on the market through the summer and well into fall, and the holiday season is approaching, you may feel there is no point in keeping it listed through the winter.  You may be right.  The holiday season is a notoriously difficult time to sell, and you yourself may want to just take a break and enjoy your holidays without interruptions from agents and potential buyers.  If you can take a step back and resume your efforts to sell in the late winter or early spring, doing so is usually a wise choice.

However, if your house went on the market after the holidays and the spring selling season is in full swing, as it is currently, you may want to step back and take a look at your current agent’s marketing strategy. If you house is in good condition and priced right, there is no reason for it to be on the market more than 65 days. As of this writing, according to the Knoxville Area association of Realtors, for the month of March 2017, residential single family homes in Knox County were on market an average 65 days.

 

Are You Asking Too Much?

Before you consider pulling the house off the market, take an honest look at your asking price.  If it is unrealistic and you have been holding off from dropping it, going to a lower asking price before you give up on selling altogether might be the wiser course of action.  Giving up on what you feel your house is worth is difficult, but the reality is your house is only worth what someone is willing to pay for it (and the lenders appraiser agrees).

 

Is the Condition of the House Good?

In today’s market, if your house isn’t in good condition, it will most likely sit on the market. A fresh coat of paint, updated lighting fixtures, updated plumbing fixtures, and some curb appeal goes a long way! Also clearing out all the extra furniture so that rooms look big helps tremendously.

 

Making the decision to pull your home off the market is difficult, and you should never do it without looking at all the details and discussing it with your REALTOR®.  In some cases, however, it will be the wisest course of action and result in a sale for more money down the line.

 

Selling Your Knoxville, TN Home: Why You Need a Realtor®

It’s spring and selling your home crosses your mind. The temptation to save yourself the cost of hiring a real estate agent when selling your home can be overwhelming, and with more websites, books, and other resources popping up that claim to give you all the know-how and tools you’ll need to sell your home yourself, why should you consider hiring a REALTOR® at all?  Like any job that requires a lot of insider knowledge and experience, hiring a REALTOR® will ensure that you are getting the best price for your house with the minimal amount of work and worry.  Not convinced?  Here are just a few of the best reasons why no homeowner should sell their home without one.

 

Real Estate Experts Are Just That

Would you represent yourself in court, or prescribe yourself medicines? Then why would you sell your greatest and most valuable asset without an expert.  Selling your home requires considerable knowledge of the housing market and real estate law, among other things, and you’ll want to know your investment is well represented.

 

REALTORS® Know What Your Home Is Worth

The “for sale by owner” sign is often seen as an easy mark by some serious buyers.  When selling your home you want to get the best price possible, and knowing more than your bidders is the best way to ensure that you are on the winning end of the deal.  Your REALTOR® knows exactly your home’s potential worth, and can help you get that price.

 

REALTORS® Know How To Market Your Home

Getting the best price for your home and having it sell quickly requires more work than simply putting up a for sale sign on the front lawn.  REALTORS® know how to market your home, and have resources available to them that you as an individual seller do not.  They can also give you the best advice on anything you may need to do to prepare your home for its highest possible resale value.

 

REALTORS® Know The Business Of Selling A Home

REALTORS® can prepare you for all the business and legal requirements of selling your home, and can make the actual work simpler and quicker. One of the most difficult tasks for FSBO’s was “understanding the paperwork.”*

 

Though you may think that saving the commission cost of hiring a REALTOR® to be in your best interest, the fee that REALTORS® earn can in many cases be less than what you would have made without them. It is certainly worth it, considering the time and effort they can save you and the know-how they can contribute to the sale of your home.

 

If you are thinking of selling your home, call me today – Chiara Petro with Realty Executives Associates at 865-588-3232 – and lets start moving!

 

*Source: 2016 National Association of REALTORS® Profile of Home Buyers and Sellers

Knoxville Home Sales: February Market Update

I can’t believe we’re already past the middle of March. I finally had a chance to take a look at the Market Summary for February 2017. This is for all Single Family homes that our MLS (Knoxville Area Association of Realtors) covers.

  • Active listings: 7502
  • New listings: 2018
  • Pended listings: 1621
  • Sold listings: 1154

 

Now to look more closely at Knox County alone (year to date – 1/1/17 through 3/21/17).

  •  Active listings: 1712
  • New listings: 2201
  • Pended listings: 1153
  • Sold listings: 1337

 

The average sold to list price for Knox County is running at 97%. But with all the multiple offer situations that are going on, you should expect to pay full list price for any house that has been on the market less than 2 weeks.

 

Again, our bottom line is that buyers need more choices! If a house in good condition with updated features and is priced well comes on the market, it will not last very long! Anecdotally, one couple that I am currently working with lost out in multiple offer situations 3 times before having an offer accepted on their Dream Home. They did listen to me and were putting in full-price offers, but cash is still king.

 

If you are thinking of selling your home, call me today for a free consultation. If you are looking for your Dream Home, call me today – Chiara Petro with Realty Executives Associates at 865-588-3232 – and let’s start searching!

 

*All information taken from Knoxville Area Association of Realtors MLS on 3/21/2017

Looking Ahead When Buying a Home

If you are a first time homeowner, or are purchasing a home after a major life change such as marriage or having children, what should you consider to be sure your new home can grow with your changing family?  The time and effort that go into purchasing and decorating a new home, not to mention finding it in the first place, means that you’ll want to ensure that your home will be right for you and your family for years to come.  So what should you look for in your new home so that it will give you enjoyment and be functional both now and in the future?

 

Size

Though a cute two-bedroom home may be right for a newlywed couple, this type of space will likely soon be outgrown if there are any children in your future or if you and your spouse like to entertain.  You will also want to consider the number of bathrooms and the facilities in them.  Having only one toilet or shower can certainly put stress on a growing family.

 

Features

Special features of a home, such as a finished basement, central air, and a large yard can make your home a more functional and enjoyable space, especially if you have or are considering starting a family in the near future.  You may also want to consider the age of the home you purchase and its features or appliances, as this may lead to future costs that may put stress on your financial situation at a time when one spouse may be at home caring for the children.

 

Location

Location is also an important consideration when choosing a home that can grow with your family.  Choosing a safe neighborhood is always an important point when selecting a family home, but you will also want to consider the proximity of good schools, community centers, and shopping.  Also, facilities such as parks and libraries can make a neighborhood truly a great place for families.  You may also want to consider the demographics of the area in which you are purchasing in order to be sure it is a match with your values.

 

As the old adage goes, home is where the heart is, and choosing a family home that is right for your family can really make all the difference in having a happy, fulfilling, and safe family life.

 

If you are thinking of buying a Knoxville, TN home, call me today – Chiara Petro with Realty Executives Associates at 865-588-3232 – and start your search for home.