Today I went to the Chamber of Commerce for a luncheon. The President of the chamber(Alan Hestor) discussed with the group the new spec building under construction in Dyersburg. The Memphis business Journal wrote a recent article about this project.
Other deals are in the making for Dyersburg including 3 different companies looking at the former building owned by Bekaert Steel.
We also discussed the river port under construction near Tiptonville,Tn and the impact it will have on Dyersburg,Tn.
Dyersburg is on the move and in position to really grow and prosper!
A few months ago a company contacted me to help them auction off foreclosures for several of their clients. If they have any houses for me, they fax me the details and paper work on Wednesdays and I auction off these foreclosures in the Dyer county courthouse on Thursdays. Most of these properties have been financed with B-paper mortgages(originated by national out of town mortgage companies). All of our local banks have been sheltered from most of the foreclosures!
I got a call a couple of days ago from my company asking me if I can auction any day of the week as they are going to be working with a new much larger client who needs to auction several properties coming up.
Our Dyersburg real estate market has turned the corner as pending are up,new listings are up and the number of homes sold is also up. I am confident the new foreclosures will not have any adverse affect on our market.
Just wanted to shared with my friends here at Activerain and those looking at localism for the Grand Rivers/Livingston County Kentucky area(land between the lakes) these short video clips of whats available to you in this area.
My family and I travelled less than 2 hours and joined friends at the land between the lakes area of Kentucky.
This first short video clip is of the swimming area located at the Hillman Ferry campground near Grand Rivers,Ky.
The second clip was actually shot by my daughter Erin at the Eddie Creek Marina.
The third clip was shot by me also at the Eddie Creek Marina.
The fourth clip was shot at the Happy Trails horseback riding stables near Eddyville,Ky.
The last clip was shot in Grand Rivers at an apparently very popular ice cream stand!
I have a much longer video I shot of the fireworks at the Eddie Creek Marina but I am editing it with some great patriotic song clips.
Dyersburg,Tn 38024
The results for the real estate market in Dyersburg and Dyer County is mixed according to the latest numbers provided by the Dyersburg MLS.
For the period from Jan1 to July 1 of this year, there were 284 listings with 155 of these sold(54.58%). For the same period last year there were 438 listings with 188 of these sold(42.92%). This reflects an increase of percentage sold of about 11.5%.
Last year the sale price/list price ratio was 95.42% verses this year of 94.61%. I believe this in part reflects perhaps more foreclosures in the numbers this year. Last year the average days on market was 114 and this year it is 144 which reflects a longer time for homes to sell.
Last year the average sales price for solds was $118,983 and this year is $107,146. This also is a reflection of the foreclosures in our market.
These numbers do not include anything but single family homes in Dyersburg and Dyer county. The commercial market including multifamily has been doing very well compared to last year.
The surrounding counties also in our MLS are not doing as well as Dyersburg and Dyer County but are not reflected in the numbers up above.
Copyright © 2008 By Mike Frazier, All Rights Reserved. *Real Estate Market Conditions for Dyersburg,Tn for month ended July 1, 2008*
About 5 months ago I listed a house for a lady. I did the market analysis and showed her the numbers. She chose to list it with me at about 10% above the current value. I normally will not take a listing overpriced but did get her to agree to automatic price reductions. We started out at $94,500 and are now down to $89,900.
We have had several lookers but no offers. One thing that the owner and I failed to take into account is the foreclosures that keep popping up. Every time we think we have a serious prospect, they end up buying a "new" foreclosure in the neighborhood.
I sent my seller an e-mail yesterday apologizing for not predicting all these foreclosures that keep popping up and for obviously listing her property too high. I also asked for a further price reduction and she just wants to hold tight for now.
If I could offer some advice for potential house sellers and their agents, do a market analysis for the neighborhood and if the owner really wants to sell the property, list the house at what houses are currently selling for in the neighborhood. That's what these banks are doing; pricing their properties to sell! Forget what houses are currently listed for, price at what they are selling for.
I had a discussion with my number one agent in the office this morning. We both decided that we would not take any more over priced listings!
Having you been thinking about an exciting career in real estate? What do you have to do to get your affiliate broker real estate license in Tennessee? One of the training schools has this webpage that explains what it takes to become an agent!
After you get your license you then have to go to work with a local real estate company. Carousel Realty is interested in helping you fulfill your dream of becoming a 1st class real estate agent. Over a year ago, one of the best agents in Dyersburg closed his own real estate office and came to work for me as an agent and as a trainer.
Jackie Keeling is(in my opinion) the best Realtor in the Dyersburg,Tn area and that is why I hired him as my trainer. We have weekly staff meetings which includes a training session on how to become a better Realtor and actually how to be in the top percentage of real estate professionals in Dyersburg.
Not only does Jackie cover the basics but we also discuss marketing techniques that includes internet marketing! We also cover ethics and always putting your clients interest ahead of your own.
If you live in the Dyersburg area or are planning a move to our area and are interested in becoming a real estate agent, please come by our office for a personal interview and let us talk to you about starting your real estate career! You can also visit us online at our company website.
I have recorded a short video(down below) of our last training session here at Carousel Realty.
Most of my posts have been addressed mainly toward potential buyers in the Dyersburg Tn area. Today, I want to address everyone considering selling their Dyersburg home or property in the upcoming months.
I would like to suggest some questions you should ask before employing a Realtor to market your home!
My staff and I at Carousel Realty are ready to assist you with your home sale. As you may have noticed, we are very internet savvy and we work very hard to help you sell your house or property. If you like, visit us online or call us today at 285-2277. We look forward to hearing from you!
Are you considering a move to the Dyersburg,Tn area? Of course you do not know the area but would like to look around a while and get to know the area before your purchase!
Carousel Realty is here to help! We have over 120 units-(houses and apartments) which includes three apartment complexes, two on Tickle Street and the other complex on Troy Avenue(near downtown).
We are offering "our" buyer clients the opportunity to rent any available units, houses or apartments "short term" until you get to know the area and are ready to purchase. The other landlords in Dyersburg require a one year lease.
Our prices range from $400 up to $1000 monthly. We only offer these short term rentals to our buyers relocating into the area!
Many coming in with one of the plants are working with a relocation company. That is no problem with Carousel Realty as we work with all the major relocation companies!
Call us today at 800-896-8016 or e-mail us to get the process started! You can also visit us online at our relocation website.
I keep hearing contractor friends saying that they wish a good reputable /dependable plumber would move to the Dyersburg area!
Do any of you Activerainers out there know of such a person who may have had their business slow down considerable and are looking to relocate?
Although our new construction slowed down quite a bit, there is still new construction and a lot of remodelling going on here in the Dyersburg area.
The other trades are also in demand here but in my book plumbers are in greatest need. If you know of a plumber that fits this description, please have him or her call me at 800-896-8016.
Last year and the year before, many many people chose to relocate to Dyersburg from Florida. We also got our share of people who relocated from California. Those have now slowed to a trickle. Before, they were selling their overvalued properties and buying value priced properties in Tennessee. This appeared to be the norm across the state. Now with the real estate market collapse, they are unable to sell their properties and reinvest in Tennessee.
The new trend I am seeing is people moving here from Nigeria. I am running into a lot of new faces and many have that distinct British accent. I have some new friends who I just sold a home to who are originally from Nigeria. He is a doctor in Hayti.
I have met many others from Nigeria with most of them being in the medical field. Perhaps there is a shortage of medical professionals here in the states and our government is bringing in these people to help out with the shortage.
My specialty is working with buyers & sellers in the Dyersburg area. Much of my new business comes from internet marketing. I also get a lot of repeat business & referrals from past clients. Thank-you
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