Knoxville Tennessee Real Estate Blog

Knoxville’s 2006 home sales report is out. See how many single family homes and condos sold for in 2006, what they sold for and how long it took for them to sell.

For information on what any specific home sold for please email me for a free neighborhood report or you can sign up yourself for a bi-monthly report on my website: KnoxvilleMLS.com, Just click “Free Stuff”

Knoxville, Tennessee Area Sales Report
Beginning 01/01/2006, Ending 12/31/2006

This sales report includes the Town of Farragut, Maryville, Oak Ridge, and other communities in the greater Knoxville area.

Please call or email me with any questions about Knoxville, Tennessee real estate and you can search all Knoxville area homes for sale on my website

2007 has started out with very strong sales; if you’re looking to buy or sell a home in Knoxville pelase give me a call or email; I have the tools, the experience, and the professionalism to give you the very best representation.

Jim Lee

After living in our current home in west Knoxville for about the past 18 years my wife and I have decided it’s time to sell our current home with a basement and move into something on one level.

She is tired of having to come up and down stairs from our basement garage and also our laundry is downstairs so we have to carry clothes up and down stairs constantly.

After looking at several nice, one level homes we made what I thought was a pretty fair offer on one. Apparently the sellers did not agree with me and countered back with just a $2,000 price reduction.

Undeterred we made yet another offer and were met with the same counter as before.

OK, we thought, no big deal, not the only house for sale in Knoxville, in fact there are about 30 I can live in happily so we move on.

Another one level home comes on the market and we make an offer the second day it’s for sale. After the listing agent tells me they have 3 more showings scheduled for “our” house the next morning I decide we need to immediately raise our offer to full price and buy it before someone else does.

Too late again. After I submit our revised offer the listing agent now informs me the seller is going to ‘sit’ on our offer until the following day to see if any more offers come in.

Well of course they do and the ‘winner’ (which was not us), paid some figure over the list price and beat us out again.

My wife is now mumbling something about finding a new agent; I hope she just means for buying our new, one level home in Knoxville. 😉

We’re going out again today to look.

I believe all real estate agents should have to buy a new home for themselves every 5 years or so.

I’ve bought and sold lots of homes for investment over the past years as well as represented hundreds of buyers and sellers; however when you’re doing it for yourself it puts a different perspective on it.

I know this experience will better equip me to serve my buyers and sellers in the future.

If you’re looking for a new home in the greater Knoxville, Tennessee area you can see them all at www.KnoxvilleMLS.com

I can also email you periodic updates of Knoxville homes that meet your criteria, just visit Knoxville MLS Listings and tell me what you’re looking for.

 

It seems the buyer’s market in the Knoxville, Tennessee market is intensifying; I’ve seen several of my buyer clients this year not only save thousands of dollars off the list price but in two occasions the sellers had to bring money to closing in order to sell.

One was a short sale where the sellers were clearly overextended and their lender took a $6,000 loss to keep from foreclosing. Another was a situation where the sellers had borrowed more than their home’s current value via a home equity loan.

It’s also seems to me there is a collective cloud hanging over Knoxville sellers during this first month of the new year. Thousands of Knoxville homes for sale and not that many buyers looking to pay a premium for any of them. You can search all Knoxville Realtor listings here with no registrations and no hassles.

According to the Knoxville Area Association of Realtors statistics there were 9,519 single family homes and condos for sale as of December 31, 2006 and only 1,049 sales during that time period so only roughly 1 out of 9 homes sold in December.

Historically the winter months are a slow sales time in Knoxville like many parts of Tennesse and the country but this year seems slower than normal.

If there’s a bright side to this for Knoxville real estate it’s that buyers can get some great home values during this time period and there’s even a benefit to sellers; they can get their homes sold if they need to.

Visit my website to view all of Knoxville’s Realtor listings.

Moving to the greater Knoxville, Tennessee area?? Visit my listing update service and let me send you all the listings that you may be interested in with no effort on your part except opening your email.

Knoxville real estate questions?? email me for a prompt answer.

Over 12 years ago Knox County voters voted to limit the terms of all county officeholders except judges and school board members.

A 1995 opinion by the Tennessee Attorney General said that term limits were not permissable. Since it was the state attorney general that ruled everyone pretty much took his opinion at face value.

However a 2006 Tennessee Supreme Court ruling in middle Tennessee’s Shelby County, which operates under a charter like Knox, declared that voters could indeed vote to limit the terms of county office holders. That set the local wheels in motion to have Knox County’s 1994 vote for term limits reexamined.

Just this past Friday, January 12th, the Supreme Court of Tennessee once again ruled that counties could legally limit the terms  of local office holders.

Now Knox County is faced with the task of almost immediately finding replacements for 8 county commissioners, the sheriff, registrar of deeds, county court clerk, and the county trustee.

The line forms on both the right and left.

Although the process to appoint the new guys to fill out the current terms of the soon to be replaced is still being fleshed out it appears the current county commission will appoint people based on their qualifications and desire to serve.