No Knoxville Tennessee real estate for sale this Saturday

Posted by Jim Lee, REALTOR® @ 6:50 pm, July 26th, 2007  

Why? Because it’s time for the 15th annual Grainger County Tomato Festival! (July 27-29th)

My wife and I will be making our annual pilgrimage this coming Saturday to spend the day enjoying this fun for all event (I have other agents covering my business in case you can’t wait until Monday 😉 ).

tomato

Organized in 1993 the Tomato Festival has grown into a huge undertaking to showcase the Grainger County Tomato crop, area artists, craftsmen, and other local enterprises. Today it’s one of the largest local events in the state of Tennessee.

Here’s an aerial photo from last year.

Rutledge tn

This year’s festival features the always popular “Tomato Wars” with lots of overripe tomatoes as ammo. Teams are formed to pelt each other with the squishy veggies. I’m not sure how they determine a winner but everyone comes away dripping tomatoes pulp and juice all over.

grainger county tennessee tomato wars

Everyone is nice and clean at the begining of the Tomato Wars.

In addition to the tomato fights there is a beauty contest, car show, civil war reenactments, arts, crafts, music, food, and lots of good clean (except for the Tomato Wars participants 😉 ) fun for all.

If you’re a fan of good tasting tomatoes, Grainger County grows some of the best around. Started in early season in seemingly endless rows of hothouses, Grainger County Tomatoes are among the first ‘homegrown’ products to hit the markets in early spring and they continue to produce until first frost.

knoxville tn

UPDATE: Here’s some photos I took at the festival today. It was great with record crowds and lots of fun things going on.

Here is the Knoxville News Sentinel’s coverage of the Tomato Wars

Knoxville Tennessee hosts the 2007 AAU Junior Olympics

Posted by Jim Lee, REALTOR® @ 9:16 am, July 25th, 2007  

Starting today (July 25th) through August 4th, 2007, my city of Knoxville, Tennessee will be hosting over 17,000 athletes aged from 6 to 18 in the 2007 AAU Junior Olympics.

This will be the fifth time Knoxville has been the Junior Olympic’s city of choice; we hosted the games in 1968, 1970, 1993 and 2002.

knoxville tn aau junior olympics 

In addition to the 17,000 athletes there will be around an additional 20,000 staff members, friends, family, and fans attending.

Aside from the great publicity an event like this generates for the entire Knoxville area, the nearly 40,000 visiting athletes and others are expected to pump around 30 million dollars into the local economy during their stay.

2007 junior olympics knoxville tn

The City of Knoxville website has a schedule of events, free parking locations, and lots of other helpful information on their website.

With 22 different sports from baseball to weighlifting there’s something for everyone and with 27 separate venues there’s ample opportunity to visit many different parts of the city from east to west and north to south.

Admission is 12 bucks a day or you can buy an event pass to see the whole show for only $40.00.

I plan to buy the $40.00 pass and drop by several events as my schedule permits.

Of course my favorite sport is Knoxville real estate. ;-). You can see that any day of the year at www.KnoxvilleMLS.com

Let me lead you across the finish line to homeownership or help you get your current home sold.

 

Buying or selling a Knoxville Home?

Posted by Jim Lee, REALTOR® @ 1:15 am, July 21st, 2007  
  

Click your browser’s “back” button to return.

Buying and/or selling in the next 6 months?

Yes

No
Maybe
  
pollcode.com free polls

What do you think? Are you planning on buying or selling a Knoxville area home or condo in the next 6 months.

An unofficial poll

If you chose “YES” visit www.KnoxvilleMLS.com to see all the Knoxville area’s Realtor listings.

If you’re selling, KnoxvilleMLS.com has some great seller tips and a free eBook to help your Knoxville home sell faster and for more money

 

 

Knoxville Tennessee June 2007 Realtor sales report

Posted by Jim Lee, REALTOR® @ 5:41 pm, July 19th, 2007  

The Knoxville Area Association of Realtors have released their June 2007 sales report; you access it here.

Looks like volume was down a couple of hundred units over the past month of May and days on the market (time to sell) was up slightly to 90 days. Total volume of homes and condos sold was 1,483 units versus 1,608 units in May of this year.

I talked with my “go to” mortgage banker Debbie Nieto today and she told interest rates were still in the high 6% range with the benchmark 30 year loan at 6 7/8th fixed rate.

Debbie Nieto

There is a great selection of Knoxville, Tennessee and surrounding area homes for sale. If buying a new Knoxville area home is in your future you can view all our area Realtor listings at www.KnoxvilleMLS.com.

Go have a look, pick out a few, and give me a call, we’ll go have a look at them and you can pick one out.

The “kick em while they’re down” law

Posted by Jim Lee, REALTOR® @ 9:08 am, July 18th, 2007  

As if losing your house to foreclosure is not bad enough, you could end up liable for IRS taxes on the amount of debt your lender might ‘forgive’ during a “short sale” (where the lender lets you sell for less than you owe) or other workout arrangement.

Known by some wags as the IRS “kick em while they’re down” law, it works like this:

Let’s say you own a house with a $200,000 mortgage and can sell it for only $180,000. In a typical ‘short sale’ the lender would agree to accept your $180,000 offer and write off the difference of $20,000 between what you owe and what you get.

A lender would do something like this not because they’re nice guys but because it costs them upwards of $50,000 in legal fees and other losses to foreclose on a property so if they can walk away with “only” a $20,000 loss it’s a not too bad deal for them.

Unfortunately, under the current tax code the IRS considers any forgiveness of mortage debt as somehow ‘income’ to you and fully taxable at your regular rates. Talk about adding insult (along with a potentially huge tax bill) to injury!

In some extreme examples, homeowners can spend months negotiating with creditors and just when they think they can see some light at the end of the proverbial tunnel the IRS has hit them with a tax bill that in some cases exceeds their annual income.

One of the things I’m very proud to say the National Association of Realtors is working to change is that portion of our tax code.

 25,000+ Realtors were in Washington D.C. this past April for our annual mid-year meetings. We all met with our local representatives and some other federal departments and urged them to consider repealing this law.

We are in full support of The Mortgage Cancellation Relief Act of 2007 (H.R. 1876) which is now in the House Ways & Means Committee.

We could use your help in getting this important legislation passed. If you’re willing here’s a link to your Congressional Representative where you can drop them a note telling them you support the passage of The Mortgage Cancellation Relief Act of 2007 (H.R. 1876)

 

Big happenings at the Knoxville Tennessee Zoo

Posted by Jim Lee, REALTOR® @ 8:45 am, July 11th, 2007  

“Lions, and Tigers, and Bears! Oh, My!”

Tiger & Lion

And our Knoxville Zoo has got em all plus over 200 other species of critters.

Red Pandas, the Knoxville Zoo is world known for their Panda breeding facility.

These Red Pandas looks more like a red racoon than their cousins, the teddy bear looking Pandas from China and some other Asian countries.

Starting in 1948 with a lone alligator named Al, the Knoxville Zoo has evolved into a world class facility the citizens of Knoxville can truly be proud of.

Currently the Zoo is home to 867 animals unless there were some new ones born overnight.

The Zoo has just embarked on a 12 million dollar fund raising campaign to build or improve several exhibits and make it even better.

knoxville tennessee zoo black bears

Black Bears are native to the nearby Great Smoky Mountains National Park

4.5 million dollars of the 12 million is earmarked for a state of the art, Amphibian and Reptile Conservation Center targeted to open in 2011.

The whole project will allow the Zoo to add an additional 200 animals in additional to renovating several aging exhibits such as the big cats and wild dogs areas.

Ever on the cutting edge, there’s even a blogging Parrot named Einstein. The Knoxville Zoo’s official “spokesbird”, Einstein is a 20 year old (this year) African Grey who has a vocabulary of over 15 words and puts on a great show for visiting schoolchildren and others.
Open 364 days a year (closed only on Christmas Day) our Knoxville Zoo is a fascinating and state of the art facility to be proud of. Take the kids (or not) 😉 for a day of fun at the Zoo.

Knoxville also has great real estate for sale; visit KnoxvilleMLS.com to see our homes, condos, and property available.

Shakespeare in the decision making process.

Posted by Jim Lee, REALTOR® @ 11:04 am, July 9th, 2007  

As most of you know William Shakespeare was a 16-17th century English playwright who wrote many of the best known and most performed plays in the world.

His plays continue to be performed nearly four centuries after his death because they contain so many universal truths and so many of them deal with the intricacies of power and politics, i.e. “Julius Caesar“, “Hamlet“, Othello, and several others.

I recently read an article that used Shakespeare’s plays in the business decision making process; very interesting.

One of the chapters dealt with earning the trust and loyalty of subordinates; several of Shakespeare’s characters faced this dilemma, some successfully, and some, like Julius Caesar” not so well.

In his play “Henry V“, based on the real King Henry V of England, the charter playing King Henry visits his troops in disguise the night before a major battle to get the inside story of what they were really thinking and saying.

In talking with his troops the disguised King Henry is able to convince them their cause is a just one and earn for himself their loyalty.

On the day before battle he comes out of his disguise and gives them a rousing speech which inspires them to defeat the French in a great battle even though they were outnumbered 5 to 1 (must have been a heck of a speech). 😉

“………. . We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile, This day shall gentle his condition; And gentlemen in England, now a-bed Shall think themselves accurs’d they were not here, And hold their manhoods cheap, whiles any speaks That fought with us upon Saint Crispin’s day. (Act 4, scene 3)”.Another section dealt with developing your powers of persuasion; a great leadership trait that motivates others to action and creates change.Another section dealt with developing your powers of persuasion; a great leadership trait that motivates others to action and creates change.In the play “Julius Caesar”, Caesar is murdered by a group of conspirators led by a character named Brutus. After Caesar is dead Brutus tries to justify the crime to the people of Rome by telling them Caesar was becoming too ambitious and the conspirators killed him to save them.

Another section dealt with developing your powers of persuasion; a great leadership trait that motivates others to action and creates change.In the play “Julius Caesar”, Caesar is murdered by a group of conspirators led by a character named Brutus. After Caesar is dead Brutus tries to justify the crime to the people of Rome by telling them Caesar was becoming too ambitious and the conspirators killed him to save them.Calling on some world class powers of persuasion, Caesar’s friend Mark Anthony gives his famous funeral oration after Brutus speaks and rallies the people of Rome against Brutus and his group.

“Friends, Romans, countrymen, lend me your ears;
I come to bury Caesar, not to praise him.
The evil that men do lives after them;
The good is oft interred with their bones;
So let it be with Caesar. The noble Brutus
Hath told you Caesar was ambitious:
If it were so, it was a grievous fault,
And grievously hath Caesar answer’d it.
Here, under leave of Brutus and the rest–
For Brutus is an honourable man;
So are they all, all honourable men–
Come I to speak in Caesar’s funeral.
He was my friend, faithful and just to me:
But Brutus says he was ambitious;
And Brutus is an honourable man…………..
………………………………………”

 And Mark Anthony proceeds to thoroughly damn Brutus and his co-conspirators to such an extent that the people become enraged and gather to drive them from the city. 

Talk about a world class speech; no wonder Brutus and his buddies got ran out of town.

If you’re ready to make a decision about buying or selling a home in the Knoxville, Tennessee area, don’t pick up a copy of Julius Caesar; call me instead and I’ll help guide you through the process.

Visit KnoxvilleMLS.com to see all of the greater Knoxville area’s listings of homes, condos, and land for sale.