East Tennessee Real Estate & Neighborhood Source
Check out the beautiful Knoxville luxury home of former UT Vols Basketball Coach, Donnie Tyndall. Located in West Knoxville’s, The Quarry at Keller Bend Subdivision, the home features over 8500 square feet with plenty of custom features, my favorite being the pool area with long views of Fort Loudon Lake. ENJOY!
This listing is no longer available.
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The INFOGRAPHIC below gives you a visual picture of the current national housing market news as reported in the recent Existing Home Sales Report.
Have questions about the national or local Knoxville and Farragut real estate markets? Contact me, Troy Stavros with Gables & Gates, REALTORS today at 865-999-0925 and I’d be happy to discuss what is happening from first hand experience.
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Lake view brick and stone home just listed in beautiful Jefferson Park Subdivision in West Knoxville, located at 1216 Charlottesville Blvd, Knoxville, TN 37922. Enjoy views of Fort Loudon Lake from your covered front porch. Large, open living areas that include an eat-in kitchen with island designed to be a gathering space, complete with a hearth room. Enjoy views of the lake from your formal dining room or relax in the family room featuring a cozy gas fireplace and easy access to the breezy covered back porch. The generously-sized back patio is the perfect spot for hosting outdoor parties complete with an outdoor fireplace (3 total fireplaces on the property)! Plenty of space to spread out with 5 bedrooms, 5 baths, plus a bonus room. Owner’s suite plus an additional bedroom and full bath on the main level. A quick 5 minute walk and you are enjoying the neighborhood pool, fire pit, shooting hoops at the basketball court, or starting an excursion from the community boat docks. This home is zoned for the highly desirable Northshore Elementary school, Farragut Middle School and Farragut High School. Sellers are relocating and have priced this home $50,000 below the January appraisal for a quick sale! Don’t miss this incredible opportunity to own a wonderful lakeview home in Jefferson Park!
For more information or to schedule a private showing of this stunning home located at 1216 Charlottesville Blvd, Knoxville, TN 37922 in West Knoxville’s Jefferson Park Subdivision, call/text Troy Stavros with Gables & Gates, REALTORS at 865-999-0925. I look forward to serving you!
This listing is no longer available.
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Here is one of the best tips for selling a house in Farragut or Knoxville that I can give you. Price it right! In today’s competitive Knoxville real estate market, where demand is outpacing supply, like in Farragut, parts of Knoxville, and many regions of the country, pricing a house is one of the biggest challenges REALTORS face. Sellers often want to price their home higher than recommended, and many Knoxville real estate agents go along with the idea to keep their clients happy. That being said, the best agents realize that telling the homeowner the truth is more important than getting the seller to like them. I always say, I’d rather you be a little upset with me now because I’m being honest, then really upset with me later when your home hasn’t sold because it was priced too high.
Some sellers think, “If the home doesn’t sell for this price, I can always reduce the price later.” This is a big no, no. Why? Research proves, homes that have a listing price reduction sit on the market longer, ultimately selling for less than similar homes.
John Knight, recipient of the University Distinguished Faculty Award from the Eberhardt School of Business, actually did research on the cost (in both time and money) to a seller who priced high at the beginning and then lowered the their price. In his article, Listing Price, Time on Market and Ultimate Selling Price published in Real Estate Economics revealed:
“Homes that underwent a price revision sold for less, and the greater the revision, the lower the selling price. Also, the longer the home remains on the market, the lower its ultimate selling price.”
Another factor to consider is, the “I’ll lower the price later” approach can paint a less than positive image in the minds of buyers. Every time a price reduction occurs, buyers often think, “Something must be wrong with that house.” Because of this perception, when a buyer does make an offer, they low-ball the price because they perceive the seller to be “highly motivated.” Pricing it right from the start eliminates these challenges.
Many sellers say that they want to price their home high, in order to have “negotiation room.” But, what this actually does is lower the number of potential buyers that see the house. This reduced demand will negatively impact the sales price of the home.
Wondering how this could be true? Look at it this way.. when a buyer is looking for a home online (as research says over 93% of buyers do), they put in their desired price range. If you, as a seller are looking to sell your home in Farragut for $400,000, but list it at $425,000 to build in “negotiation room,” any potential buyers that search in the $350k-$400k range won’t even know your listing is available, let alone come see it!
A better strategy would be to price it properly from the beginning and bring in multiple offers. This forces these buyers to compete against each other for the “chance” to purchase your house. I’m not just talking hypothetically, this is happening often with the homes I’m selling in Farragut and Knoxville right now.
Think of it like this.. if you only receive one offer, you are set up in a “seller vs. buyer” situation. If, however, you have multiple offers, you have two or more buyers fighting to please you (“buyer vs. buyer). Which do you think will result in a better selling situation?
Great pricing comes down to truly understanding the local real estate trends, down to the neighborhood level. Look for an agent that will take the time to simply and effectively explain what is happening in the housing market and how it applies to your home in Farragut or Knoxville. You need an agent that will tell you what you need to know rather than what you want to hear. This will put you in the best possible position.
Interested in finding out the truth about what your Knoxville or Farragut home could sell for? CLICK HERE! Want to discuss the local or national real estate market? Have any real estate questions at all that you’d like answered? Contact me, Troy Stavros with Gables & Gates, REALTORS at 865-999-0925 and I’d love to help. I’m here to serve you!
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In an effort to make your Knoxville and Farragut home search easier, I’ve upgraded my system that sends you listing updates for Knoxville and Farragut homes for sale via email. You will now receive email updates the instant a property hits the market as well as have a new updated News Feed (much like Facebook) for all of the new listings, which will allow you to stay on top of which homes you have viewed. You will also have the ability to rank them, to easily see which homes you liked and which you did not. Below is a video explaining the new benefits and how to use them. If you aren’t setup for email updates, feel free to email, call or text me, Troy Stavros with Gables & Gates, REALTORS at 865-599-9444 and I would be happy to get you started!
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Completely renovated home just listed for sale in Farragut’s Old Stage Hills Subdivision located at 12616 Pony Express Drive, Knoxville, TN 37934. This completely renovated Farragut home is zoned for ALL Farragut schools. Pretty much brand new from top to bottom. From the new roof down down to the new sand and seal oak hardwood floors & stairs, plus new carpet and ceramic tile. In between you’ll find NEW Energy Star rated, double hung, windows, new doors, plus a new 3 ton HVAC unit, but it doesn’t end there! All new kitchen with Armstrong Linen White cabinets and granite counters with custom tile backsplash plus new stainless steel appliances. Owner’s suite that has access to a private balcony and features a master bath with new vanity and granite counter, 2 person tile shower, and walk-in closet. The lower level includes the 4th bedroom, rec room with fireplace & 1/2 bath. Enjoy the big, flat, fenced backyard. Neighborhood pool just opened up for your summer swimming fun!
Other improvements include: Newly painted interior and exterior, all new interior and exterior lighting, new 16×8 private deck off owner’s suite, full masonry brick fireplace, new garage door, new asphalt driveway, concrete patio off lower level rec room.
This listing is no longer available.
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