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Top Reasons You Should Sell Your Knoxville Home NOW!

Troy Stavros — Mon, 17 Jun 2013 20:09:46 +0000

Time to Sell a Knoxville Home is Now

With low mortgage interest rates and depressed home prices, the last few years have garnered a lot of talk about how great a time it is to buy a home in Knoxville. While that has absolutely been true, let’s talk about why it might also be a great time to sell your Knoxville home. Here are some reasons why right now may be the perfect time to put your Knoxville home on the market.

First reason is HIGH DEMAND. Knoxville home buyers are serious about buying and are out in full force, holding true to what we are seeing on a national level where buyer traffic is 31% stronger than a year ago. National statistics are showing that homes are selling at the fastest pace since the market spiked in response to the home buyer tax credit. The latest National Association of REALTORS Existing Home Sales Report showed that monthly sales increased 9.7% over the same month last year. Total sales have been above year-ago levels for 22 consecutive months.

The second reason is that inventory is beginning to increase. Nationally, total housing inventory last month rose to a 5.2-month supply at the current sales pace, compared with 4.3 months in January. Many experts expect inventory to continue to rise as more sellers are again above water on their mortgages as a result of rising home prices. Selling your Knoxville home now, while demand is still high and before supply increases may get you top dollar.

The third reason is increasing competition with new construction. The last few years, sellers haven’t had to compete with new homes, but with low inventory levels, and a recovering market, more builders are ramping up their construction. As they get more comfortable they will build more homes, thus increasing the competition with your existing home. Better to sell now, with less competition from new, energy efficient homes with modern amenities.

The fourth reason is rising interest rates. According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have jumped to 3.98% which represents an increase of more than ½ point since the beginning of the year. Economists across the board seem to be projecting interest rates to keep rising. The longer you wait to sell, the higher your interest rate will likely be when purchasing your next home.

The final reason is lifestyle. Why is it that you are looking to sell your Knoxville home in the first place? What is more important right now, a few more dollars or moving on with your life? Perhaps you are selling to get closer to family, or looking to retire to a different area, or downsizing financially to give yourself more freedom. When you weigh the benefit of a few more dollars against the real reason you are selling, it most likely gives you the biggest reason to sell your home now.

Thinking of selling your Knoxville home? The time is now!

Troy Stavros — Sat, 08 Jun 2013 20:26:21 +0000

Are you a homeowner and thinking about selling your Knoxville home? The time is now! The market is starving for inventory. This home in Fox Run went under contract in a few days. Call us today to discuss what your home is worth and your options.

12705 Ackley Circle, KNOXVILLE, TN 37934 (MLS # 847191)

(all data current as of 6/19/2013)

Price	$374,500
Beds	4
Baths	3 full
Home size	2,808 sq ft
Lot Size	n/a

GORGEOUS CUSTOM BUILT HM W/ MASTER AND GUEST SUITE ON MAIN LEVEL! HM FEATURES: 9FT CEILINGS and HARDWOOD FLRS THRU-OUT MN, GREAT RM W/ CATHEDRAL CEILINGS, FIREPLACE and BUILT-INS, KITCHEN W/ BREAKFAST BAR and TABLE AREA W/ VAULTED CLNGS. UPSTAIRS OFFERS 2 ADD L BEDRMS PLUS LARGE BONUS RM WHICH COULD BE 5TH BEDRM ~ DON T FORGET THE WALK-IN STORAGE AREA! ENJOY THE OUTDOORS ON THE PAVER PATIO and BEAUTIFUL ARBOR!

Property Type(s): Residential

Last Updated	6/4/2013	Tract	n/a
Year Built	2001	Community	FOX RUN
Garage Spaces	2.0	County	Knox County
Total Parking	2	Walk Score ®	25

Additional Details

Sub Area	Farragut City	Listing Status	Pending - Continue to Show

Features

Basement	Crawl Space
Construction	Brick
Construction Type	2 Story
Cooling	Central Cooling
Exterior Features	Cable Available, Insulated Windows, Neighborhood Pool, Patio, Porch - Covered, Professional Landscaped, Sidewalks
Features	Breakfast Room, Cathedral Ceiling, Dishwasher, Disposal, Great Room, Master Bdrm Main Level, Microwave, Office/BR Main Level, Pantry, Range/Oven, Self Cleaning Oven, Smoke Detector, Walk-in-Closets, Washer / Dryer Connections, Whirlpool/Tub
Fireplace	Gas Logs
Floors	Carpet, Hardwood, Tile
Fuel	Electric, Gas
Garage	Attached, Garage Door Opener, Main Level, Side/Rear Entry, Two Car
Heat	Central
Lot Description	Level Lot
Property Type	Residential
Style	Traditional
Terms (New Financing)	Cash, Conventional, FHA, VA

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #847191)

12405 Valencia Point, Knoxville, TN 37934 in Farragut’s Fox Den

Troy Stavros — Sat, 08 Jun 2013 20:17:54 +0000

Looking for that unique home in Farragut to call your own? Tired of cookie cutter houses? Take advantage of the incredible location and beautiful setting that Farragut’s Fox Den neighborhood has to offer with this cool contemporary home for under $300,000.

12405 Valencia Pt., KNOXVILLE, TN 37934 (MLS # 846643)

(all data current as of 6/19/2013)

Price	$299,900
Beds	3
Baths	2 full, 1 half
Home size	2,163 sq ft
Lot Size	n/a

WHAT A GREAT HOUSE IN FOX DEN FOR UNDER $300,000! THIS GORGEOUS HM SITS AT THE END OF A CUL-DE-SAC AND IS VERY PRIVATE SURROUNDED BY TREES. FEATURES INCLUDE LARGE FAMILY RM W/ FIREPLACE and CATHEDRAL CLNGS, BEDRM ON MN, KITCHEN W/ ISLAND AND BREAKFAST/DINING RM. UPPER LVL OFFERS LG MASTER SUITE W/ BATH FEATURING STACKABLE WASHER and DRYER AND GUEST BDRM W/ PRIVATE BATH! RETREAT OUTDOORS ON THE LARGE DECK and ENJOY THE PRIVACY THIS HM HAS TO OFFER! CALL TODAY!

Property Type(s): Residential

Last Updated	6/4/2013	Tract	n/a
Year Built	1980	Community	FOX DEN
Garage Spaces	2.0	County	Knox County
Total Parking	2	Walk Score ®	15

Additional Details

Sub Area	Farragut City	Listing Status	Active

Features

Basement	Unfinished
Construction	Cedar
Construction Type	1-1/2 Story
Cooling	Central Cooling
Exterior Features	Cable Available, Deck, Insulated Windows, Professional Landscaped
Features	Breakfast Room, Cathedral Ceiling, Dishwasher, Disposal, Great Room, Office/BR Main Level, Range/Oven, Refrigerator, Self Cleaning Oven, Smoke Detector, Walk-in-Closets, Washer / Dryer Connections, Wet Bar
Fireplace	Masonry
Floors	Hardwood, Tile
Fuel	Electric, Gas
Garage	Attached, Basement, Garage Door Opener, Side/Rear Entry, Two Car
Heat	Central
Lot Description	Cul-De-Sac, Private, Wooded
Property Type	Residential
Style	Contemporary
Terms (New Financing)	Cash, Conventional, FHA, VA

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #846643)

1111 Avocet Lane, Knoxville, TN 37922 – Herons Pointe Subdivision

Troy Stavros — Sat, 08 Jun 2013 19:23:21 +0000

New Listing in West Knoxville’s Herons Pointe Subdivision at 1111 Avocet Lane, Knoxville, TN 37922. The Knoxville home for sale features approximately 3000 square feet, 4 bedrooms and 2.5 baths. An open floor plan with the eat-in kitchen opening to the family room featuring a fireplace and built-in bookcases. Main level also includes an office and formal dining room as well as laundry room and half bath. 2nd level includes a spacious master bedroom and master bath with dual sinks. shower, and whirlpool tub. 3 additional bedrooms up plus a large bonus room. Front and rear staircases. Super cul-de-sac location is convenient to the lake, parks, golf courses, and shopping. Zoned for the new Northshore Elementary School as well as Farragut Middle School and Farragut High School. Contact us today for your private showing or more information.

1111 Avocet Lane, KNOXVILLE, TN 37922 (MLS # 848157)

(all data current as of 6/19/2013)

Price	$259,900
Beds	4
Baths	2 full, 1 half
Home size	3,000 sq ft
Lot Size	n/a

Approximately 3000 square feet. 4 bedroom 2.5 baths plus Bonus room. Zoned for new Northshore Elementary and Farragut Middle and High. Open floor plan. Huge family room with fireplace and built in dual bookcases opens to 25x13 eat-in Kitchen with bay window. Main level office. Large bonus up. Front and rear stairs. Patio and gazebo out back. New roof, gutters, tile, backsplash, and more! Minutes from public and private golf courses, ice rink, and lake access (marina).

Property Type(s): Residential

Last Updated	6/14/2013	Tract	n/a
Year Built	2001	Community	HERONS POINTE
Garage Spaces	2.0	County	Knox County
Total Parking	2	Walk Score ®	15

Additional Details

Sub Area	Northshore Drive, Choto	Listing Status	Active

Features

Basement	Slab
Construction	Brick Front, Vinyl
Construction Type	2 Story
Cooling	Ceiling Fans, Central Cooling
Exterior Features	Bay Window, Cable Available, Patio
Features	Breakfast Room, Dishwasher, Disposal, Great Room, Microwave, Office/BR Main Level, Range/Oven, Smoke Detector, Walk-in-Closets, Washer / Dryer Connections, Whirlpool/Tub
Fireplace	Gas Logs
Floors	Carpet, Hardwood, Tile, Vinyl
Fuel	Electric, Gas
Garage	Main Level, Two Car
Heat	Forced Air
Lot Description	Cul-De-Sac, Level Lot, Rolling
Property Type	Residential
Style	Traditional
Terms (New Financing)	Cash, Conventional, FHA, New Loan, VA

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #848157)

Custom Home for Sale in Cabot Ridge Subdivision

Troy Stavros — Fri, 17 May 2013 20:32:23 +0000

Beautiful custom built home for sale in Cabot Ridge Subdivision. Master bedroom plus 2 additional bedrooms located on the main level. Main level office with mountain views. Custom built-in cabinetry in the vaulted great room as well as in the vaulted hearth room off the kitchen. Both great room and hearth room feature a fireplace and built in cabinets. Deluxe eat-in kitchen with top of the line appliances, granite counters, and an island. Vaulted master bedroom with plush master bath featuring jetted tub, frameless glass enclosed shower, dual sinks, granite tops, and a large walk-in closet. Great cul-de-sac location is zoned for Northshore Elementary, Farragut Intermediate, Farragut Middle School and Farragut High School.

12830 Cabot Ridge Lane, KNOXVILLE, TN 37922 (MLS # 844171)

(all data current as of 6/19/2013)

Price	$495,000
Beds	4
Baths	3 full, 1 half
Home size	3,847 sq ft
Lot Size	n/a

BEAUTIFUL ALL BRICK HOME AT END OF CUL-DE-SAC and MOUNTAIN VIEWS. MASTER, OFFICE and 2 ADD L BDRMS ON MAIN LEVEL. KITCHEN OFFERS SS APPLIANCES, GAS COOKTOP, GRANITE TOPS, PANTRY, BREAKFAST BAR and LG. CENTER ISLAND and KEEPING RM OFF OF KITCHEN W/FIREPLACE and VAULTED CLGS W/BEAMS. PLUSH MASTER SUITE ON MN W/TREY CEILING and BATH W/HEATED FLOORS, JAC TUB and TILED SHOWER. OTHER FEATURES INCLUDE: TRUE HARDWOOD FLOORS THRU-OUT MN, 1ST AND 2ND FLOOR LAUNDRY RMS, HUGE BONUS PLUS MEDIA RM and BDRM SUITE UPSTAIRS. THIS GORGEOUS QUALITY CONSTRUCTED HM IS PRICED TO SELL! SELLER WILL CONSIDER LEASE/PU

Property Type(s): Residential

Last Updated	5/22/2013	Tract	n/a
Year Built	2007	Community	CABOT RIDGE
Garage Spaces	2.0	County	Knox County
Total Parking	2

Additional Details

Sub Area	Northshore Drive, Choto	Listing Status	Active

Features

Basement	Crawl Space
Construction	Brick
Construction Type	1-1/2 Story
Cooling	Central Cooling
Exterior Features	Cable Available, Deck, Insulated Windows, Professional Landscaped, Sidewalks
Features	Breakfast Room, Burglar Alarm, Cathedral Ceiling, Central Vacuum, Dishwasher, Disposal, Great Room, Master Bdrm Main Level, Microwave, Office/BR Main Level, Pantry, Range/Oven, Refrigerator, Self Cleaning Oven, Smoke Detector, Split Bedrooms, Walk-in-Closets, Washer / Dryer Connections, Whirlpool/Tub
Fireplace	Gas Logs, Wood Burning
Floors	Carpet, Hardwood, Tile
Fuel	Electric, Gas
Garage	Attached, Garage Door Opener, Main Level, Side/Rear Entry, Two Car
Heat	Central
Lot Description	Cul-De-Sac, Level Lot, Mountain View, Rolling
Property Type	Residential
Style	Traditional
Terms (New Financing)	Cash, Conventional, Lease Purchase

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #844171)

Home for Sale in West Arden Subdivision. Prime West Knox Location!

Troy Stavros — Fri, 17 May 2013 19:06:43 +0000

Home for sale in West Arden Subdivision. Prime West Knoxville location. 5 bedrooms, 3 full baths, and a bonus room. Main level living consists of an open floor plan with kitchen open directly to family room w/ fireplace, formal dining room, office, and full bedroom and bath. The eat-in kitchen boasts and island, granite counters, stainless appliances, large pantry, as well butler’s pantry. Large master suite upstairs with walk-in closet, and bath with dual sinks, garden tub, and separate shower. The remainder of the upstairs has 3 additional bedrooms, a full bath, and bonus room. Level fenced backyard with patio. Located on a cul-de-sac street just a short walk to neighborhood clubhouse and pool.

815 Hammerstone Lane, Knoxville, TN 37922 (MLS # 844174)

(all data current as of 6/19/2013)

Price	$309,900
Beds	5
Baths	3 full
Home size	2,960 sq ft
Lot Size	n/a

Located in West Knoxville s West Arden Subdivision, this home features 5BR, 3BA, and a bonus room. Main level boasts an open floor plan with kitchen open directly to family room w/ fireplace. Eat-in kitchen with island has granite counters, stainless appliances, large pantry, as well butler s pantry. Bedroom with full bath, formal dining room, and office also on main level. Large master suite upstairs, w/ 3 additional BR, BA, and bonus room. Level fenced backyard with patio. Located on a cul-de-sac street just a short walk to neighborhood clubhouse and pool.

Property Type(s): Residential

Last Updated	6/11/2013	Tract	n/a
Year Built	2007	Community	West Arden
Garage Spaces	2.0	County	Knox County
Total Parking	2	Walk Score ®	5

Price History

Prior to Jun 5, '13	$319,900
Jun 5, '13 - Today	$309,900

Additional Details

Sub Area	Concord, Bluegrass	Listing Status	Active

Features

Basement	Slab
Construction	Brick Front, Vinyl
Construction Type	2 Story
Cooling	Ceiling Fans, Central Cooling
Exterior Features	Cable Available, Fenced Yard, Neighborhood Pool, Patio, Porch - Covered, Professional Landscaped, Vinyl Windows, Wood Fence
Features	Breakfast Room, Dishwasher, Disposal, Microwave, Office/BR Main Level, Pantry, Range/Oven, Smoke Detector, Walk-in-Closets, Washer / Dryer Connections
Fireplace	Gas Logs
Floors	Carpet, Hardwood, Tile, Vinyl
Fuel	Electric, Gas
Garage	Garage Door Opener, Main Level, Two Car
Heat	Forced Air
Lot Description	Cul-De-Sac, Level Lot, Rolling
Property Type	Residential
Style	Traditional
Terms (New Financing)	Cash, Conventional, New Loan

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #844174)

501 Serenity Lane, Knoxville, TN 37934 New Listing in Fox Run

Troy Stavros — Thu, 25 Apr 2013 20:37:14 +0000

Just listed for sale! 501 Serenity Lane, Knoxville, TN 37934 in Farragut’s Fox Run Subdivision. 5 bedrooms, 5 full and one half bath. Large eat-in kitchen with island and solid surface counters and separate desk area opens directly to the family room with fireplace and access to screened porch. Gleaming hardwoods in most main level areas including the family room, office, dining room, and more. Main level guest suite with private bath. Huge master bedroom up with closet space galore and his/her sink areas. 2 additional bedroom upstairs plus a bonus room. Lower level features massive rec room, 5th bedroom, full bath, office space, and 3rd car garage with it’s own separate driveway (great for your boat or toys!). Fox Run Subdivision features a neighborhood clubhouse, two swimming pools, play field, tennis court, and multiple gazebos. Contact the Holloway Group today to schedule your private showing and watch the video below.

501 Serenity Lane, KNOXVILLE, TN 37934 (MLS # 841852)

(all data current as of 6/19/2013)

Price	$549,900
Beds	5
Baths	5 full, 1 half
Home size	5,543 sq ft
Lot Size	n/a

Available for immediate occupancy. 5BR, 5.5BA, over 5500SF w/ finished basement. All bedrooms have attached baths. Gleaming hardwood floors. Located on a cul-de-sac street. Spacious eat-in kitchen open to family room w/ fireplace. Main level BR w/ private bath. Large master BR up w/ 2 additional BR and bonus room. Watch the action in the big backyard from the screened porch, open deck or lower patio. Lower level garage has separate driveway. Rec room, 5th BR and full bath in lower level. Neighborhood clubhouse, swimming pools, play fields, tennis court, and gazebos.

Property Type(s): Residential

Last Updated	5/22/2013	Tract	n/a
Year Built	2002	Community	FOX RUN
Garage Spaces	3.0	County	Knox County
Total Parking	3	Walk Score ®	23

Additional Details

Sub Area	Farragut City	Listing Status	Active

Features

Basement	Finished, Walk-Out
Construction	Brick
Construction Type	2 Story Basement
Cooling	Ceiling Fans, Central Cooling
Exterior Features	Cable Available, Deck, Neighborhood Pool, Patio, Porch - Covered, Professional Landscaped
Features	Basement Rec Room, Breakfast Room, Burglar Alarm, Central Vacuum, Dishwasher, Disposal, Microwave, Office/BR Main Level, Pantry, Range/Oven, Smoke Detector, Washer / Dryer Connections
Fireplace	Gas Logs
Floors	Carpet, Hardwood, Tile
Fuel	Electric, Gas
Garage	Basement, Main Level, Three Car
Heat	Forced Air
Lot Description	Cul-De-Sac, Level Lot, Rolling
Property Type	Residential
Style	Traditional
Terms (New Financing)	Cash, Conventional, New Loan

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #841852)

Builders Show Gives Ideas For Building A Home In Knoxville

Troy Stavros — Mon, 22 Apr 2013 20:05:34 +0000

Thinking of building or doing some remodeling on a home in Knoxville? Each year new products hit the market that can give you ideas if you are building a home in Knoxville. At this years International Builders Show in Las Vegas some of those new products were on display. The video below shows some of the new innovative products hitting the building materials market. If you are thinking of building a home in Knoxville or selling a home in Knoxville and need some advice, contact the Holloway Group today and we’ll be happy to assist in any way that we can.

Home for sale in Avalon Golf Community at 135 Deerfield Court

Troy Stavros — Sat, 06 Apr 2013 14:06:12 +0000

Come live the Avalon lifestyle! Home for sale at 135 Deerfield Court, Lenoir City, TN 37772. ONE LEVEL LIVING in this 4BR, 2.5BA, cul-de-sac home in the Avalon Golf Course Community. Spacious eat-in kitchen with loads of cabinets and counter top space. Huge master bedroom suite w/ tray ceiling and 5 piece master bath. Kick back and relax on the covered deck which overlooks an expansive backyard that backs to farmland. Looking for something to do? Walk to the neighborhood clubhouse and pool and talk with your neighbors or drive your golf cart to the 18 hole championship golf course to play a quick round. Quick 10 minute drive to Turkey Creek Shopping.

135 Deerfield Court, Lenoir City, TN 37772 (MLS # 838811)

(all data current as of 6/19/2013)

Price	$349,900
Beds	4
Baths	2 full, 1 half
Home size	2,583 sq ft
Lot Size	n/a

ONE LEVEL LIVING! 4BR, 2.5BA, cul-de-sac home in the Avalon Golf Course Community. Large, eat-in kitchen with island plus plenty of counter space. Cabinets galore. Huge master bedroom w/ tray ceiling and 5 piece master bath. Covered deck overlooks expansive backyard that backs to farmland. Walk to the neighborhood clubhouse and pool or drive your golf cart to the 18 hole championship golf course to play a quick round. 10 minutes to Turkey Creek Shopping. Come live the Avalon lifestyle!

Property Type(s): Residential

Last Updated	5/22/2013	Tract	n/a
Year Built	2003	Community	Avalon
Garage Spaces	2.0	County	Loudon County
Total Parking	2	Walk Score ®	3

Additional Details

Sub Area	Lenoir City	Listing Status	Active

Features

Basement	Crawl Space
Construction	Brick
Construction Type	Ranch
Cooling	Ceiling Fans, Central Cooling
Exterior Features	Cable Available, Deck, Neighborhood Pool, Porch - Covered, Professional Landscaped, Sidewalks
Features	Breakfast Room, Burglar Alarm, Dishwasher, Disposal, Great Room, Master Bdrm Main Level, Microwave, Office/BR Main Level, Pantry, Range/Oven, Smoke Detector, Split Bedrooms, Walk-in-Closets, Washer / Dryer Connections
Fireplace	None
Floors	Carpet, Hardwood, Tile
Fuel	Electric
Garage	Attached, Side/Rear Entry, Two Car
Heat	Heat Pump
Lot Description	Cul-De-Sac, Golf Community, Irregular, Level Lot, Rolling
Property Type	Residential
Style	Traditional
Terms (New Financing)	Cash, Conventional, New Loan

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

(view all details for MLS #838811)

Waiting To Sell Your Knoxville Home At A Higher Price May Cost You

Troy Stavros — Fri, 29 Mar 2013 02:50:17 +0000

Troy Stavros, Broker and Partner with the Holloway Group stated, “We often hear of sellers waiting for prices to increase before putting their home on the market. While that might sound like a good idea, it’s quite possible that they could end up costing themselves money in the long run.”

Stavros agrees that there are circumstances that call for a wait and see approach. Those being if a seller is in a negative equity situation, or is in a situation where the use of equity in the home is needed for the down payment on a new home in Knoxville, and additional equity is needed.

For sellers not in those situations waiting to sell your Knoxville home may be the wrong thing to do. Why? Two main reasons:

1) While a sellers home is appreciating in value, so are the homes the seller will ultimately purchase. January saw the biggest year over year price increase on homes since 2006. For move-up buyers, waiting just doesn’t make sense.

2) According to the Mortgage Bankers Association, mortgage rates are expected to increase from the 3.5% range up to 4.4% in the next year. On a 30 year, $300,000 mortgage, this difference would cost a homeowner an additional $155 per month in payment or a whopping $55,853.49 in extra interest over the life of the loan.

Stavros concluded, “If rates and prices weren’t going up it would be a different story, but they are both going up and at what looks to be a brisk pace. Delaying will cost you money.”