Dyersburg real estate market conditions

Today is November 16, 2009 and here is what's happening in our market.

Up until about 3 weeks ago, first time home buyers were scrambling to get their contracts signed and houses closed. Now,those first time home buyers have more time to get this done and many are now back on the fence but still looking for great deals.

The biggest sector for sales right now is with investors. We are still seeing a lot of foreclosures and when these properties hit the market investors are stepping up to purchase. Many of these are initially trying to flip these properties but most end up in the rental market. This trend has softened the demand for rentals right now driving down the monthly rental amounts.

We are still seeing people relocating in with jobs but most of these still have a house to sell back home. Most if not all of these are renting until their houses back home sell.

I told a potential client this morning that I can sell his 2 houses but he will be competing with these foreclosure houses and this means at a much lower sales price. He chose to wait and just rent out his properties.

There are some great deals right now in our market and if you enlist the right Realtor to help you, you can beat these investors and real estate agents at their own game.

Dyersburg handicap accessible apartment available

Carousel Realty and Frazier properties either own or manage about 100 properties. We just had come available a 2 bedroom 1.5 bath apartment at Laurenwood apartments on Tickle Street.

As you can see the front of the building has a nice ramp for wheel chairs to go inside and outside the building. The master bathroom has a wider doorway to allow wheel chair entry. We do have another handicapped fellow across the hall from this apartment.

We are in the process of installing new carpet in the living room and hallway. This is available on a short term basics or long term. If you are looking for a Dyersburg handicap accessible apartment then this is it. Contact us at 731-285-2277

Fantastic opportunity for lakefront foreclosure near Dyersburg,Tn

I have been watching a foreclosure in Lakewood(about 4 miles north of Dyersburg,Tennessee)and now it is priced to sell!

This house is a 4 bedroom 3 bath sitting on about one acre and has lots of lake frontage on Lakewood's 4th largest lake. The original list price on this Dyersburg foreclosure was $160,000 but has been reduced to $142,500.

I know this home well as it used to belong to my best friend who sold it about 4 years ago in mid 160's.

This foreclosure is listed by Leon at Tennessee Realty but I am ready to help you buy this great deal. In my opinion, this Dyersburg lakefront foreclosure can be purchased somewhere around $130,000. I do not usually recommend real estate deals on this blog but knew that I have a great audience reading this.

Dyersburg Apartment Rentals

As I stated in a post about one month ago, the Dyersburg real estate market is beginning to turn the corner.
Many are starting to move into the Dyersburg,Tn area.

Most of those that are moving in still have a house to sell back home and are looking for available rentals.

It appears to me that the employer bringing in the most people right now is Dyersburg Regional Medical Center. We have rented several apartments to the doctors, nurses and other medical professionals moving into Dyersburg recently.

Carousel Realty can offer other professionals either short term rentals or long term rentals. We even offer our clients month to month leasing until we can help them purchase a home.

Dyersburg real estate first time homebuyer seminar

A couple of weeks ago I blogged about our upcoming first time home buyers seminar.

Ten days ago we hosted that event and those that came enjoyed the door prizes, food and excellent information from three experts in mortgages,taxes and Rural Housing Development.

I blogged on another platform about this event and please click here to read the information that was discussed by the experts.

Dyersburg real estate foreclosures

I am working with a client who asked me how I know about all the foreclosures in Dyersburg. Here is the e-mail I sent her:

Thelma,

It was a pleasure to meet and talk to you the other day. I will be
diligently searching for that "right home" for your family.

Here are some links to Dyersburg foreclosures:

First one is HUD foreclosures. Just enter state then county.
https://www.bidselect.com

Here is a link to Lankford Realty. He gets all the Fannie Mae foreclosures.
Just enter zip code of 38024. That should get the area you are looking in.

http://www.lankfordrealty.com/advancedSearch

Here is the Jackson board of realtors site. Some realtors there get Ginnie
Mae foreclosures. Just enter Dyer County to see their foreclosures here. 99%
should be foreclosures that they have listed here.

http://www.jaar.net

There are other foreclosures that are assigned to realtors here in Dyersburg. About 4 realtors including myself are assigned these Dyersburg foreclosures to sell.

Hope this helps,

Mike

Dyersburg real estate market conditions

A few days ago, I wrote a blog post about the Dyersburg real estate market. I analyzed the data from our MLS and confirmed my suspictions that the Dyersburg market has turned.

For the first 6 1/2 months of this year, the Dyersburg market is down from last year but for the last 2-3 months, we have made the turn. The complete blog post can be viewed here.