Archive for the 'About Rick' Category
As Gas Prices Rise, Home Affordability Wanes Will It Hurt Knoxville Area Home Sales?
October 22nd, 2009 categories: About Rick, Buyers, General, Market Trends, Sellers
With crude oil at its highest levels since October 2008, retail gas is up 8 cents per gallon this week.
It’s bad news for home buyers and mortgage rate shoppers. The same force that’s driving oil higher is linked to rising mortgage rates.
We’re talking about the weakening U.S. Dollar which is now at its worst levels versus the Euro in 15 months.
Crude oil is priced in U.S. dollars, by the barrel. When the dollar loses value, more of them are needed to buy the same barrel of oil. As a result, predictably, the price of crude oil goes up.
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Rick Smenner Is The First RE/MAX Agent In Knoxville TN To Earn CDPE Designation
June 20th, 2009 categories: About Rick, General, Knoxville Short Sales, Sellers
RICK SMENNER EARNS PRESTIGIOUS DESIGNATION TO HELP KNOXVILLE HOMEOWNERS IN DANGER OF FORECLOSURE
Rick Smenner of RE/MAX Preferred Properties has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure 
avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
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