News

October 10, 2016
By MARSHA STOWELL When most people think about buying or selling a home, the last thing on their mind is how it affects their hometown's economy. I'll be the first to admit its a bit arcane idea and since there are so many other things demanding attention, it's no wonder that big picture situation is at the back of the line. Since it's out of site then it stays there most of the time. Increasing public awareness of that economic...
October 10, 2016
By MARSHA STOWELL The most frequent question Realtors hear these days is, “What’s the market going to look like this year?” Unfortunately, I do not have a crystal ball for precise answers. Thanks to the institutional knowledge of my colleagues and the efforts of staffs at the Northeast Tennessee Association of Realtors, the Tennessee Association of Realtors and the National Realtors Association I do have good indicators. Of...
October 10, 2016
By MARSHA STOWELL Tennessee homeowners who want to sell their home are required by law to provide buyers a disclosure of the property’s known defects. Most of the time the disclosure is made on a form offered by the Tennessee Association of Realtors to help owners meet their legal requirement. It’s a simple enough statement, and most of the time is one more sheet to the growing stack of real estate transaction paperwork. Unless...
October 10, 2016
By MARSHA STOWELL January and February are typically months when buyers are beginning to test the waters before the peak selling season begins. These are not typical times. Locally, consumer confidence is high, and they’re buying property in typical numbers for the beginning of a year. At the same time, record-level sales volumes have taken a bite out of the local inventory. Those conditions combined for a solid 2016 beginning...
October 9, 2016
By MASHA STOWELL The next time you’re at your computer, or screen of choice, and have a few seconds to burn do an Internet search for “what’s my home worth?”  Google said it found “about” 592,000,000 items matching that question when I asked. Scroll through the items and you’ll find ads promising to show you home’s value if you sign up for a service and agents who will get you the best price. There are calculators to guide you...
October 9, 2016
  By MARSHA STOWELL Beginning a new year with a 26% increase in sales and a 6.9% improvement in the average sales price is awesome. That’s what the January year-to-year Northeast Tennessee Association of Realtors’ Trends Report said about last month’s closing. It was also the ninth straight month sales have increased. If you take a closer look at the data you can see sales increased in all but two of the 11 counties monitored by...

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