World class screened porch on this 4 bedroom Gulf Park beauty, move in condition.
Another week has passed in Knoxville, Tennessee and here’s the passed week’s real estate transfer report form the Knox County Register of Deeds for Knoxville area and Farragut real estate sales.
It appears from the statistics below there were 160 Knoxville area real estate transfers recorded, the breakdown remains typical of the year, we’ve averaging around 150 transfers per week to ... Read Full Story
Congress passed a bill extending the current $8,000 tax credit for persons buying a home who have not owned one in the past three years that was their principal residents. President Obama signed it this past Friday, November 6th, so it’s now official. Read Full Story
Sellers will consider lease purchase for this extensively redone home, 5 minutes to downtown Knoxville.
Below is a chart prepared by the National Association of REALTORS ® comparing the new changes to the Homebuyer Tax Credit.
The biggest change is that current Homeowners are now eligible if they sell their current homes and then buy AFTER the date of enactment of this extension which is November 6th, 2009.
Comparison of existing tax credit to extended and expanded version
www.Knox... Read Full Story
Buy this terrific north Knoxville home and get up to $8,000 in tax credits to help.
It’s now official, President Obama signed an extension of the existing $8,000 homebuyers tax credit into law yesterday (Friday, Nov. 6th).
The new law extends the existing tax credit for Knoxville area buyers who have not owned a home that was their principal residence in the past three years and adds some new criteria and qualifying homebuyers.
The $8,000 credit was scheduled to lapse on Dece... Read Full Story
This delightful home above has been reduced to $184,900 and will qualify for the $8,000 federal tax credit if you have not owned a home in the past three years. Click the Visual Tour above to see a virtual tour and then call me to schedule a private showing.
** UPDATE** The extension passed the Senate vote today and President Obama said he would sign it on Friday!
It looks like the extension of the $8,000 federal tax credit for Knoxville & Farragut TN area homebuyers is almost ... Read Full Story
7412 Harvest Creek Lane, Powell, TN 37849
It appears the malaise in the Knoxville area real estate market continues this week as it has for the past weeks in 2009.
The Knox County Register of Deeds office reports 170 real estate transfers for the past week, a touch above the average 150 per week we’ve had all year but well below the 200 mark only reached three times in 2009.
Knoxville area real estate transfers for the past week.
John Walsh, the President of Data Quick had this to say... Read Full Story
“Senate Dems on Board with Credit Extension
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years. Read Full Story
Last week’s results from the Knox County Register of Deeds is now available. It appears the past weeks transactions were a bit below our typical weekly average this year of around 150 closed transactions. Read Full Story
I was interviewed by WATE recently about the present and future state of the Knoxville area housing market.
Here’s a link to that interview and video below.
So far this year Knoxville area sales are oddly resisting their typical seasonal downturn as we approach the colder months and the holiday season.
Usually we see a downturn in sales around July-August when school starts but so far this year that is not happening. I believe a significant portion of those sales are being driven by... Read Full Story
