Reported by Robin Bohin, REALTOR, SRES, e-PRO, CERTIFIED RELOCATION SPECIALIST
Updated October 6, 2009.
Current Market Rating: 2
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Current Price Trend: 3
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Falling
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Local real estate activity is steady and improving in this market. While the national news continues its resounding cry of housing downturns, our conservatively priced homes with steady appreciation have only hiccuped at the fanfare! We have buyers coming in on a weekly basis to learn more about the wealth of treasures found here: Modestly priced housing, low property taxes, low home insurance premiums, and the added bonus of no state income taxes provide us with a market very attractive to a large majority of out- of -state buyers. Approximately 70% of my 2008 clientele have been coming into the Bristol area to purchase second homes prior to retirement, relocating to enjoy our temperate climates that are not plagued by natural disasters, and those looking to migrate to an area that is within 4-5 hours commute of most major metropolitan areas on the southeastern seaboard. Our networking with credible lenders means buyers have options concerning interest rates and a menu of mortgage programs available locally to finance their new Tennessee residence!
My ability to network with credible lenders means buyers have options concerning interest rates and a menu of mortgage programs available locally to finance their new Tennessee residence! Additionally, buyers are looking for a place to safely "park" their investment monies in these uncertain economic times and choose to buy local real estate as that resource.
The added bonus for sellers, "Homes that are priced right are selling." There are added demands for updated homes offering one-level living, homes with acreage and those that are located near or in golfing/lake communities. Of course, for potential investors, well-maintained and located multi-family housing continues to be requested. Buyers and Sellers will both be in WIN-WIN situations as the summer market approaches, picks up steam, and provides a diversified inventory from which they select a "place to call home".
Robin Bohin (423) 384-7000 www.robinbohin.com
ZIP Code: 37663 Approximate Location Boundaries: Sullivan County
Location Characteristics: It’s a great place to raise a family or retire to! When visiting Colonial Heights, it’s hard to miss the natural beauty of mountains and lakes that surround our area. Career, Recreational and Cultural opportunities are within minutes of your back door. Colonial Heights is a unique neighborhood community consiting of suburbs that join Kingsport proper. The Best of Colonial Heights finds the Appalachian or Creeper Trail at your backdoor, numerous lakes, state parks and diversity of living in either the city or a more rural setting. A great assortment of dining options, good medical facilities and the diversity of the Tri-Cities makes a newcomer realize what a special place this is! Despite the rise in real estate prices that have some long-time locals shaking their heads, people come to Colonial Heights because it is still a relative value; compared to other places around the country, the cost of living is actually pretty low!
About Robin Bohin:
"It's not about me, its about You and selling the Best Homes in the Tri-Cities, Yours!" Has the seller priced below market, at market or above market? As your Buyer's Agent, these are questions I can provide answers for. I am very passionate and professional about what I do! I am a native resident with past career experience in negotiating for multi-million dollar clients for a Fortune 300 company. That expertise, as well as, my consultant style approach, listening and communication skills guarantees satisfaction for my buyer or seller client and their real estate needs. Visit my website at www.robinbohin.com for testimonials from clients and see 10 reasons why I am the realtor for You!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
