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Thinking of Selling? Do it TODAY!!

Thinking of Selling? Do it TODAY!! | Simplifying The Market

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

And CNBC says consumer confidence in the economy is fueling the market:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.

Kathryn Lovell, Broker

RE/MAX Preferred Properties, Inc.

Office-865-392-5885 Cell- 865-740-4877

I am a licensed Broker.I specialize in representing my clients in the purchase and sale of single-family residences,lots and land, cabins, and investment property within Sevier County. I am a Louisiana native,born and raised in New Orleans. I am also a Certified MRP (Military Relocation Professional) and take pride in helping active duty and veterans purchase and sell their homes.

RE/MAX Preferred Properties, Inc 953 Dolly Parton Parkway Sevierville, TN 37862 Office 865-392-5885 Cell 865-740-4877 Each Office Independently owned and operated Licensed in the state of Tennessee

Each Office Independently owned and operated


1342 Wisteria Lane, Sevierville, TN 37862

1342 Wisteria Lane, Sevierville, TN

3 BEDROOMS- 2 BATHS | 1616 SQUARE FEET

Beautiful Home located in Prime area. Turn key, well maintained, 3 Bedroom and 2 Baths. All rooms are spacious, light and bright. On the main level is thelarge living room, open to the dining area and kitchen, perfect for family gathering and entertaining. The kitchen has ample counter space and lots ofcabinetry. Spectacular mountain views from the lower level windows. Also on the lower level is the laundry room and the first of 2 master suites, withFrench doors leading to the deck and yard. This master suite would work well as a guest bedroom, play room, office or library. The upper level is whereyou will find the Second Master suite and additional guest bedroom. The Oversized Master suite and master closet has enough room for furnishings and asitting area. Outstanding mountain views from all windows. The Spacious guest bedroom has a walk in closet and access to a full bath. All city utilities.Near all area attractions, and The Great Smoky Mountains National Park, which has 800 miles of maintained trails, fishing, picnicking, wildlife viewing and isAmerica’s most visited national park, with diversity of plant and animal life, and the beauty of its ancient mountains. Dollywood, and Dollywood SplashCountry, The Island at Pigeon Forge, and all area shopping and services. Sq footage taken from tax records, buyers to verify if important.

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Presented By:

Kathryn Lovell

Broker
RE/MAX Preferred Properties, Inc
865-392-5885
Licensed In: TN
License #: 315211

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RE/MAX Preferred Properties, Inc
Direct 865-740-4877
Office 865-392-5885
Each Office Independently Owned and Operated

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This Time “Mr. Wonderful” is just WRONG!!

REAL ESTATE with Kathryn Lovell

This Time “Mr. Wonderful” is just WRONG!! | Simplifying The Market

Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point.

1.) In the recent National Housing Market Survey conducted by Fannie Mae, it was revealed that:

“…data indicates that millennial renters today have as much desire to own a home as the general population of renters. According to NHS data, the substantial majority of renters age 25-34 say that owning makes more sense than renting from a financial perspective. A majority also agree that owning makes more sense than renting from a lifestyle perspective. The vast majority of millennial renters tell us they plan to own a home at some point in the future.”

2.) A recent Merrill Lynch report found that 81% of Millennials agree that “homeownership is an important part of their personal American Dream”

3.) The most recent H.O.M.E. Survey explained that 85% of Americans ages 34 and under believe that “homeownership is a good financial decision”.

Bottom Line

Kevin O’Leary might be a great white shark when it comes to investing in companies. However, he is just a guppy when dealing with the residential real estate market.

Kathryn Lovell, Broker
 RE/MAX Preferred Properties, Inc.
Sevierville, TN
Office-865-392-5885 Cell- 865-740-4877
I am a licensed Broker.I specialize in representing my clients in the purchase and sale of single-family residences,lots and land, cabins, and investment property within Sevier County. I am a Louisiana native,born and raised in New Orleans. I am also a MRP (Military Relocation Profesional) and take pride in helping active duty and veterans purchase and sell their homes.

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Get in Touch
RE/MAX Preferred Properties, Inc 953 Dolly Parton Parkway Sevierville, TN 37862 Office 865-392-5885 Cell 865-740-4877 Each Office Independently owned and operated Licensed in the state of Tennessee

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Kathryn Lovell, Broker, CDPE, SFR, e-PRO
RE/MAX Preferred Properties, Inc.

953 Dolly Parton Parkway, Sevierville, TN 37962
Direct 865-740-4877
Office 865-392-5885
 Fax   888-901-4030
Each office independently owned and operated
TN License-315211

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