Homes Sales Drop….But Knoxville TN is a GREAT place to buy??? Part 1

Well if you have been watching the Knoxville real estate market you heard that homes sales dropped a whopping 27% last month So what do you do if you live in Knoxville, TN. You want to sell your current Knoxville home and buy another home?? Wait until things get better…when will that happen?

According to Local Market Monitor Inc., a Cary, N.C., firm that analyzes real-estate trends for lenders, builders and investors, compiled its first Investor Suitability Report using economic data through July 31 for 315 U.S. markets. Knoxville TN is the 4th BEST place to buy a home in the US according to a recent article in the WSJ.

Wow….you hear that the bottom is falling out on one hand and hear that Knoxville is one of the best places to buy on the other hand…

I’m going to cover how what you need to do as a seller and buyer in the current market here is Part 1 for sellers

So what do you do if you are a seller who wants to sell in this market? Well there are 3 things that sell a home that haven’t changed since I got in the business.

Location, Condition, and Price.


Location..Not much you can do about this your home is located where it is located.

Condition..This you can control. We all live in our homes on a daily basis so we look past clutter, the kids book bags in the corner you get the idea. We live in our homes with our fast pace lives don’t thing about these issues when we want to sell. If you are going to sell you need to look at your home through the eyes of a potential buyer. I get my sellers to work with a professional home stager before we put the home on the market. They can work with you to look at your home through a buyers eyes. My experience in the current market is staged homes sell faster. Does it cost alot of money?? Not really the stagers I work with work with what you currently have in your home. Most homes I sell my sellers spend less than $500 which is money well spend.

Price…Critical area and if you are serious about selling price it to for today’s market. Homes aren’t worth what they where a few years ago. I know what you are thinking but I need this much or I want this much…The home is worth what a willing buyer will pay for it in today’s market. Remember anything you may be losing on your current home you will be picking up on what you are buying. Those homes aren’t worth what they worth a couple of years ago either. Plus you will be getting into the lowest interest rates we have seen in years.

If you are thinking of selling call me and let’s talk about your home 865-696-9002 or email me Rick@TheBigOrangePress.com I have a comprehensive marketing program that is totally focused on marketing you home on the Internet. It is very exciting and will get you home SOLD quickly and save you money….