Archive for May 2020
Peak buying selling season pushed from spring to summer
By KRISTI BAILEY The buzz in the real estate industry is Coronavirus has shifted this year’s peak spring buying and selling season to the summer. Local indicators are pointing that…
Read MoreNew pending home sales softening
New pending sales declined in April as the local market reacted to the economic fallout from the coronavirus pandemic. There were 688 new contracts (pending sales) at the end of…
Read MoreHow to make the best purchase offer in a seller’s market
You’ve worked with a REALTOR® to scour the listings, toured what feels like a million listings, and finally found it: the house you want to call home. The next step is…
Read MoreRealtor®-Client relationship more critical now than ever
By KRISTI BAILEY During these chaotic times, the single most crucial thing anyone planning to buy or sell real estate can do is to partner with the right REALTOR®. Media…
Read MoreApril home sales down 17.9%; sales price up 14.9%
In April, home sales were down by 17.9% in Northeast Tennessee. However, home prices increased by almost an equal percentage. According to the Northeast Tennessee Association of Realtors (NETAR), 543…
Read MoreThe who, what, when and why of a home inspection
Homeowners who want to sell must give buyers a disclosure of the property’s known defects. Unless the buyer agrees to buy the property “as is,” one of the steps is…
Read MoreRealtors® Report That 77% of Potential Home Sellers are Preparing to Sell Following End of Stay-At-Home Orders
WASHINGTON (May 7, 2020) – More than 3 in 4 potential sellers – 77% – are preparing to sell their homes following the end of stay-at-home orders, with half completing do-it-yourself home…
Read MoreDays on Market a housing marketing tool and a market indicator
The Days on Market (DOM) metric that’s typically at the bottom of the Northeast Tennessee Association of REALTORS® (NETAR) Trends Report is more than just a data point. It’s a…
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