Point Clear, Alabama:

Big doings this week in the Knox County Tennessee real estate market; we had the largest number of closed transactions for the whole year so far, 269!

Closed real estate transactions for the week of September 13th

Closed real estate transactions for the week of September 13th

As usual most of the activity is in the $100,000 to $250,000 or so price ranges.

I wonder if a lot of this sudden upswing is first time buyers getting in before the fast approaching deadline for the $8,000 federal tax credit. This program ends on November 30th and you must have your transaction closed on or before that date to be eligible.

That means if you don’t have the home of your choice under contract by around October 15th your chances of qualifying will start to go down very quickly. The reason is that loans are taking much longer to process this year and it is very common for lenders to come back and require several addition pieces of documentation and verification during your loan process which adds delays.

We’re coming to you today from down in Point Clear, Alabama about 20 miles south of Mobile on Mobile Bay. The annual Tennessee Association of Realtors convention starts Tuesday and we decided to make a week of it.

We rented a great waterfront house about 3 miles from the convention center; here’s what sunrise looked like this morning.

Sunrise over Point Clear, Alabama

Sunrise over Point Clear, Alabama

Point Clear is more appropriately “Point Cloudy” this morning but we hope it will clear off later today.

We’re driving down to Gulf Shores and Orange Beach, Alabama for a visit; the TAR convention doesn’t start until Tuesday.

www.Knoxville HomeCenter.com is the place to see all of Knoxville‘s Realtor listings for sale along with For Sale By Owners, bank owned homes, and foreclosures. Please send me an email or call if you see something of interest; I’m out of town but my buyer’s agents are still back in Knoxville and ready to help you find a new home.

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