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Old 11-28-2007, 09:56 AM
 
3 posts, read 7,117 times
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HI, Im a home owner in the knoxville area, Ive had my house listed with a realtor for about a month now and have had three showings... THREE. There was an open house as well and NO ONE showed.

Is this typical right now in the knoxville area market?

Im pulling my hair out! My neighbor sold her house within a week of listing it last year.
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Old 11-28-2007, 10:17 AM
 
Location: Beautiful Lakes & Mountains of East TN
3,454 posts, read 7,114,915 times
Reputation: 875
Not only do I believe the housing market has slowed in Knoxville (as it has everywhere, I think), but this time of year is about the worst time you could try to sell.

Getting your home ready to sell in March/April and putting it on the market in May is best, I'm told.

People like to move in the good weather, and when their kids will be out of school so as not to disrupt them more than necessary.
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Old 11-28-2007, 10:29 AM
 
3 posts, read 7,117 times
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Good point, and to be honest we aren't in a rush to sell, it would be nice but there is no emergency. I guess Im really wanting to find out if other agents have experienced this or is my agent just not advertising enough.
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Old 11-28-2007, 01:57 PM
 
2,197 posts, read 7,129,873 times
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Yep, it's slow... and it's the holidays. Buyers seem to be waiting until spring to see what happens with rates, the economy, this subprime mess, the increased inventory and the economic jitters that have the stock market crashing one day and soaring the next. My neighbors down the street were going through a nasty divorce and dumped their house at a fire sale price. Most sellers won't do that-- and don't have to-- so the market's going to need some time to sort itself out and find the happy medium between what buyers want and what sellers are willing to give. Good luck to you!

BTW, I'm not an agent, just an interested bystander.
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Old 11-28-2007, 02:42 PM
 
Location: The Conterminous United States
22,583 posts, read 51,693,082 times
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On the other hand...things might be a whole lot worse, come next year.
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Old 11-28-2007, 05:11 PM
 
2,197 posts, read 7,129,873 times
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Well, yes, and as a buyer, not a seller, I wouldn't mind. But as someone who would really like the wheels not to totally come off the economy and crash my retirement, I'm hoping we can continue to skate on the edges of disaster and pull ourselves out of this quicksand-like hole.

But that's little picture thinking. Now that the Arabs own Citicorp, we might as well go shopping for turbans this holiday season.
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Old 11-28-2007, 05:21 PM
 
Location: The Conterminous United States
22,583 posts, read 51,693,082 times
Reputation: 13564
Quote:
Originally Posted by goodbyehollywood View Post
Well, yes, and as a buyer, not a seller, I wouldn't mind. But as someone who would really like the wheels not to totally come off the economy and crash my retirement, I'm hoping we can continue to skate on the edges of disaster and pull ourselves out of this quicksand-like hole.

But that's little picture thinking. Now that the Arabs own Citicorp, we might as well go shopping for turbans this holiday season.
You and I think alike!

I have my Arab/Citicorp rants on the Florida and Business/Economy forums!

Last edited by hiknapster; 11-28-2007 at 05:38 PM..
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Old 11-28-2007, 07:12 PM
 
2,197 posts, read 7,129,873 times
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Well, I've been saying I need to get a hat. And I do like sand...

I've had to stay off the topic on the Business forums. If I get up on this soapbox, I'll never get off!
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Old 11-28-2007, 07:24 PM
 
Location: Atlanta suburb
4,725 posts, read 9,712,861 times
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Question To sell or not to sell? That is one H*** of a question.

This is really funny. Not haha funny, but ironically funny.

Our realtor told us that this was a great time to put our house on the market because people who are buying during the winter months are REALLY in need of a house and do not negotiate too much. They want a fast relo without any hassle.

Do you think there is any truth to that or just more realtor-speak?

It is a bit unnerving knowing that those who should have the goods on the economy are just as much in the dark as the rest of us.
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Old 11-28-2007, 07:36 PM
 
2,197 posts, read 7,129,873 times
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Hey, hiknapster, I checked out your Business thread. I couldn't resist. See what you started!

I am now officially off my soapbox and chopping it up for firewood.
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