Monday, October 30, 2006
Dyersburg rentals and Dyersburg real estate sales!
Several months ago, I wrote an article about Dyersburg becoming a micropolitian area. The hugh demand for rentals and single family homes to purchase prove the point that Dyersburg is indeed changing. Even the local hospital is adding several positions(looking to rent and buy).
Because of the changing demand for rentals, this morning I talked to a rental property owner(over 75 units)who told me he would work with me and my clients on a month to month basis instead of a year's lease. Many of my new clients and customers are wanting to rent short term and then after learning the area(after 2-3 months) then purchase. I also offer to my clients month to month rentals on my properties but they are staying full. This new agreement I have in place should help people relocating to our area.
Call us today to help you with your relocation to our area. 800-896-8016
Wednesday, October 18, 2006
Dyersburg rental property update and market conditions in Franklin,Tn!!
Also, I posted last time about my trip to the Tennessee real estate convention and about my discussions with realtors from across the state. I just got off the phone with a realtor from middle Tennessee-Franklin/Cool Springs area. He told me he was too busy with clients to go to the convention. I said in my last post that this area is the busiest area in the state of Tennessee right now. I have added his link over on the sidebar in case our readers want to follow the real estate market conditions in that area.
Saturday, October 14, 2006
Real estate convention,Tennessee real estate market conditions and vacation!!
Not only did we receive extensive classroom training on subjects covering ethics, changing market conditions, how to better represent your client,etc but I also had an opportunity to discuss market conditions with other realtors from across the entire state of Tennessee.
Here is a synopsis of what I learned. The hottest area in real estate is in the middle Tennessee area especially around Franklin and Brentwood. Their market is being driven by the recent announcement of a major car manufacturer moving to the area. My realtor friends in East Tennessee say they are still busy but instead of working alot of multiple offers on properties they are getting just one offer at a time for the properties. This means the average marketing time there has changed from 30 days to 60 days. Many of the realtors there welcome the slower pace. The realtors I talked to from West Tennessee all reflect the same market conditions we are currently having in the Dyersburg area. The average marketing time for properties priced within 2% of value are selling within 60-90 days. All of the realtors I talked to stated that properties priced at actual value are selling quickly and the properties priced above value are taking alot longer to sell.
I had a great trip to San Antonio but left there to take a vacation in Florida. I went to Destin and relaxed on the beach and did some deep sea fishing. Our boat caught alot of big King mackerel. I had my blackberry with me and negotiated 3 property sale contracts while on my trips.
My vacation is over and I am back to work full time. My office staff and I are indeed very busy assisting clients and customers both on the listing side and sales side.
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