News

October 10, 2016
 By MARSH STOWELL A marketing concern for many local sellers is how to put fresh appeal on an older home. It's a concern because most homes in the Tri-Cities have some age on them.  In fact, according to Realtor Property Resource, nearly half of the homes sold during the past six months were 40 to 50 years old. Many were in the 60-to-70 years-old range. Before you think about firing off an angry email, let me emphasize that...
October 10, 2016
By MARSHA STOWELL You don't have to look far to find stories about rapidly increasing home prices. The most common example is: Sales are up, inventory is down and prices are rapidly increasing. But that's not the case here in Northeast Tennessee. While it's a fact that sales have punched through the pre-recession level, the average sales price trend has lagged when compared to sales performance. There are several reasons, but...
October 10, 2016
By MARSHA STOWELL Normally April is the month real estate professional are making  final preparations for the housing market's prime season. It's also the month they set aside to observe the 1968 anniversary of Fair Housing Act. But 2016 is anything but a normal year.  The market started the year with a bang and is just now showing signs of easing. You know things are busy when the February Northeast Tennessee year-to-year sales...
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...

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