The news today stated that many are leaving states such as California because of the heavy tax burden placed on residents.
I would like to personally invite those people to the state of Tennessee because we have no state income tax and the cost of living is one of the best in the country. I would like to encourage you to move to west Tennessee and specifically to Dyersburg,Tennessee.
If you are looking for good schools, good doctors and hospital, accessibility to shopping, great churches and great people then look no further than Dyersburg,Tennessee. Our crime rate is low and community leaders are always looking for ways to improve our community.
Perhaps you are a Realtor looking for a place to move and get started again selling real estate. Look no further than Carousel Realty in Dyersburg,Tennessee. We are busy helping people like you relocate to our area and are always needing to hire more agents to help us.
It appears that the real estate market in Dyersburg,Tennessee is starting to turn. I pulled the MLS data that compared Jan 1 - July 9th 2008 to Jan 1 - July 9th 2009.
Single Family Homes
Quantity sold 09 (108) vs 08 (189)
Volume sold 09 ($11,311,050) vs 08 ($20,971,729)
Average sales price 09 ($104,731) vs 08 ($110,961) median sales price 09 ($89,450) vs 08 ($95,000)
Quantity active 09 (490 listings) vs 08 (644 listings)
From just these numbers the number of single family homes sales have dropped from last year by 81units
Average sales price has dropped from last year by6%
The number of active listings has also dropped.
From all appearances 09 has been pretty dismal (except for new listings) compared to 08. However, since we have been so busy the last few weeks, I pulled data for April 1 - July 9 09 verses same period in 08.
Average sales price 09 $108,936 vs 08 $108,853 median sales price 09 ($97,725) vs 08 ($93,000)
Most housing analysts judge the direction of the real estate market by the median sales price. The median sales price is the midpoint between the most expensive house and the least expensive house sold in an area during a specific time. The midpoint of theprice of homes-equal number of properties sold above the median price as the number of properties sold below the median price. The Median Sales Price is often used as an indicator of the strength and direction of the real estate market.
Looking at all of 09 verses all of 08 the median price dropped from $95,000 to $89,450
Looking at April 1, 2009 to July 9th, 2009 the median price has increased from $93,000 to $97,725
I really believe the Dyersburg real estate market has turned the corner and is headed back up!
Every year, many people come to Dyersburg,Tennessee to celebrate the 4th of July holiday with family and friends. Some of these people plan to move "back" to Dyersburg and they look around for houses while visiting relatives here.
Last year, my websites, mikefrazier4homes.com, dyersburgrealestate.com, and dyersburgrealestate.info had record traffic from people looking to relocate to the Dyersburg area.
Many that come also jump on Google and search the term Dyersburg real estate or Dyersburg homes for sale. Not only do my websites come up near the top but many times one of my blogs like this one also pops up.
If you are wanting to move back to Dyersburg or just relocate to Dyersburg my staff and I are will and able to assist you.Many of my agents are working showing property this holiday weekend and one of us would be happy to help you. My cell number is 731-589-7841 and home number is 731-285-3074.
After what has seemed as an eternity(actually just a few months) the real estate market here in Dyersburg Tn has turned the corner. We are still seeing alot of foreclosures but we are also selling "regular sale" homes as well.
Because Dyersburg is a regional shopping and business area, many people are still relocating to the Dyersburg Tn area for jobs.
I am seeing the biggest influx of new employees coming in to work at our local hospital. I blogged earlier about a new cardiac wing opening up so many are coming in to work there. I have personally worked with several doctors coming to Dyersburg.
Some of the industries here are rotating employees out and others in. NSK Power Steering Systems is bringing in an additional 50 jobs.
All of my "full time" agents are very busy now showing and selling property. If you are relocating to the Dyersburg area, now is a great time to purchase a home. Home prices are lower than they have been in a few years. Some are relocating here expecting to find houses to lease and at this time those are so hard to locate. We do have temporary and long term housing available in the form of 2 bedroom apts located at Twin Oaks apartments at 900 East Tickle Street and also Laurenwood apartments located at 1013 East Tickle street. Both sets of apartments are just down the street from the hospital.
Because Dyersburg did not experience the double digit gains in real estate prices over the last couple of years, we also did not experience the double digit declines in home prices.
Dyersburg,Tn is a great place to live and to work and we look forward to you joining us here in Dyersburg!
On June 29th, 2009 Carousel Realty and Security Bank teamed up and conducted a first time home buyer seminar. We had door prizes, food and refreshments.
Although we did not have a hugh turnout, the food was good and the different speakers were second to none. I introduced our different speakers beginning with Richard Boone from Security Bank. Richard briefly explained some of the mortgages that his bank has available but said the most popular right now is the Rural Development loan. It is the only loan product(except VA) that is 100% financing. This loan product is called Great Start/Great Rate. He also told us(we are experiencing this) that the waiting for underwriting approval is getting longer as this product is so popular. Rural housing just expanded the income qualifications for 1-4 people in household to $73,600 and households of 5-8 people to $97,150. These brackets now reach most of the middle to upper middle class. For those with good credit but do not meet the minimum criteria for income, there is a direct Rural Housing loan available and that is what our next speaker discussed.
Tyler Hayes is an area Specialist with the United States Department of Agriculture(Rural Development). His office is in Union City,Tennessee. Tyler comes to Dyersburg twice a month but can take your application by phone or mail. Tyler just replaced Mr. Taylor who I talked to often getting people hooked up with this loan program. Mr. Taylor was always very nice and pleasant and it appears that his replacement(Mr. Hayes) will also be great to work with. Tyler explained that there are three criteria for the direct loan from Rural Housing. These are as follows:
1. income limits for Dyer County(1 person $27,350 2 persons $31,250 3 persons $35,150 4 persons $39,050.
2. They want a credit score of about 640 but have some latitude on this
3. Do not currently own a home
Tyler Hayes can be reached by phone at 731-885-6480 ext 118
Tyler, if you are reading this, thanks for a great job explaining your loan product!
Our last speaker was Don Englehardt, a CPA with Joe M. Enoch and Associates,PLLC. we asked Don to talk to us about the new tax credit being offered by the IRS for first time home buyers. Much of the information he gave us was eye opening. Did you know if you own a house but have had it rented out for the last three years, you still qualify for the tax credit? Did you know, once you close on your purchase you can either amend your 2008 tax return and get that money from the IRS within a few short weeks or apply it to your 2009 taxes. Don passed out information from the IRS just about the tax credit being offered. Don can be reached at don@enochcpa.com or by phone at 731-286-6080. Don is very knowledgable and I personally appreciate him taking the time to come talk at our home buyers seminar. I have extra handouts from Don Englehardt that i would be happy to share with those who want to know more about the government tax credit for first time home buyers.
After Don, we wrapped up and had the drawing for door prizes. Since this was so successful, we plan to do this again in the fall.
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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
After graduating high school, I entered the Air Force and travelled around the world. After serving 4 years and being honorable discharged, I went back to college and received a business degree in management. I got my real estate license in 1992 and began not only working with clients but also buying rental property. Soon after that I got my residential contractors license and built many many quality homes. Just recently I retired that license to devote 100% of my efforts to helping buyers and sellers.
I am married(for 27 years now) to Gail Berry Frazier and we have 2 beautiful daughters Lauren 15 yrs and Erin 12 years old. I am so proud of my wife and daughters and let me tell you they are my whole life; second only to God!
Also, I am very proud to be the first and still only realtor here writing online about the Dyersburg real estate market. In addition to staying abreast of the real estate market here, I also actively seek out the latest information in marketing strategies.
I am working very hard to make my mark in the Dyersburg real estate market while putting the needs of my clients above my own. My business is built around trust and as a result I receive many referrals. In 1998 my new company was formed(Carousel Realty of Dyer County) and currently I have 7 agents and a trainer. My trainer and I spend countless hours teaching our agents how to sell real estate but more importantly how to take care of their clients.
My area of expertise is relocating out of town clients into the Dyersburg,Tn area. My agents and I also list residential and commercial property here in West Tennessee. I love my job and love to help my clients with their housing needs.
I also have a passion for selling waterfront property here in West Tennessee. We have two main areas that are waterfront-Lakewood(5 lakes) and historic Reelfoot Lake.
Also, our company works with all the major relocation companies relocating clients into the Dyersburg real estate market area. We relocate people from the Reelfoot Lake area to just south of Ripley,Tennessee. The map of our coverage area can be viewed here along with information and listings for Dyersburg real estate.
Halterman Testimonial
Mike asked us if we would give him a recommendation regarding our home purchase. We are Jeff and Teresa Halterman and we just moved to Dyersburg,Tennessee from Mississippi. We closed on the purchase of our new home on Hwy 78 just yesterday (Oct. 4, 2007).
Teresa gave Mike a long list of possible homes but Mike helped her discard several before we even looked. We spent one entire Tuesday looking at homes(list narrowed down to 8). Teresa kept saying, "this house is just too small" or "I just do not like this location". We completed looking at the entire list of homes at 1:30 and we went to lunch. Mike gave thanks for the food and then asked the Lord to help us find a home!
We returned to Mike's office for one final look through the MLS and Mike came up with one listed home and one unlisted home that he knew the owners were getting ready to sell. Mike set appointments up for both and we were off to look. When we walked into the home on Hwy 78, Teresa smiled at me and said, "this is the one".
This is the first time a realtor has been able to help us find and buy a home on the first day looking. Mike was very patient and very professional. He is definitely one fine realtor. We highly recommend Mike Frazier and Carousel Realty. Thanks again Mike for a job well done!
Hansford Testimonial
My name is Kathy Hansford. Mike Frazier and his team at Carousel Realty just helped my family buy a home. I have been wanting to own a home for quite some time and finally talked my husband into getting serious about purchasing. At the top of my list was buying in this one neighborhood. My husband is very detailed and methodical and his list for my new home was very long.Guy is an appliance repairman by day and an home inspector by night (at least he was when we were looking to purchase a home). Mike found us a great home in my chosen neighborhood. Not only was Mike very patient with my husband as he inspected (everything) but we also found him to be very professional and he made our purchase process go very smoothly. I recommend him to anyone considering a purchase in the Dyersburg area and will be glad to talk to you personally about our purchase. Let Mike know you desire to talk to me and he can arrange that for you.
Reisner Testimonial
Hello, I am Mark Reisner and my wife's name is Lori. About 3 months ago, I employed Mike Frazier with Carousel Realty to sell our home. We lived on Wesley Drive(one of Dyersburg's newest subdivisions).We debated trying to sell by owner but I got a job offer in Tulsa,Ok that I could not turn down and we had to be in Tulsa by the August 10th.
Mike did a market analysis and told us where to position our home on the market. He stated that if we price it where we did, it should sell within 90 days.We had several showings before we left for Tulsa but the home sold about 3 weeks after we left. Mike had it on the market for 86 days. Another agent in his office made the sale but Mike was really skillful in his negotiations on our behalf. We are now homeless in Tulsa; but are purchasing very soon.
Thanks Mike for a job well done!
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