About Knoxville's Halls

Homes For Sale in Halls on a Cul-De-Sac

Immaculate Halls home for sale at the end of a private cul-de-sac in the wonderful established neighborhood of Haynesfield in the heart of the Halls area of Knoxville, TN. Home features a formal dining room, spacious kitchen with breakfast nook, and gas log fireplace in the cozy living room. This 3-bedroom home + huge bonus room boasts a large master suite with an incredible master bath featuring dual vanities, whirlpool garden tub & separate shower. The enormous 20'x20' bonus room is perfect for entertaining, gaming or 4th bedroom. All this with a cul-de-sac location and a private level backyard that backs up to forested woods complete with a tranquil creek! This Halls home is truly a must see!

For more info and pictures visit:
www.5601StillMeadow.com

5601 Still Meadow Ln.
Knoxville, TN 37918
Haynesfield Subdivision
$174,900

Halls Crossroads, more commonly known as just Halls, is an unincorporated community in north Knoxville. The center of the neighborhood is located near the junction of three major roads making for easy access from any direction. One of Halls assets is the abundance of recreation to be had. If you're a golfer, you have found a perfect location to settle. Nearby courses and country clubs include Beaver Brook Golf & Country Club, Three Ridges Golf Course and Beverly Park Junior Golf Course. Halls Community Park is also here, with ball fields, a playground, a community building and its connection to the Halls Greenway. Or there's the nearly new 10,000-square-foot Halls Senior Center, which features numerous amenities like a computer center, a billiards room, arts and crafts room, and fully
equipped kitchen.

Search all homes for sale in Halls

Located just north of Knoxville in Halls is a unique residential development. The perfect "green development" as Cobia Partners recycled a defunct quarry into an emerald jewel. Minutes from Knoxville or Interstate 75 and Norris Lake this is a perfect community to raise a family. For more info visit http://www.hgre.net

The National Association of Realtors (NAR) recently put out a survey to members asking what impact, if any, the new Home Valuation Code of Conduct (HVCC) has has on the real estate business.

From the preliminary data received it appears that the HVCC is having a negative impact on real estate sales across the country.

Realtor and appraisers members of NAR are reporting that:

• 75% of Realtors representing buyers or sellers said that the time to obtain a completed appraisal increased after May 1st (when HVCC took effect). 69% reported an increase of over 8 days.
  
• Lost sales were reported by 37% of Realtors trying to get a sale to closing with 20% reporting more than 1 lost sale.
  
• Reports of lost sales will impact teh fallout rate in pending home sales although some of these sales may be completed after a delay of who knows how long.
  
• Increased use of out of area appraisers was reported by 70% of Realtors trying to complete a sale.
• NAR appraiser members say they now obtain over 50% of their appraisal management companies (AMC).
  
• Around half of NAR appraiser members say their fees have been reduced by AMCs. 70% says consumers are now paying higher fees. Of course the AMCs are getting the difference.
• 85% of NAR appraiser members reported a perceived reduction in appraisal quality!
• NAR appraiser members reported that a 'significant' number of their assignments were in unfamiliar areas. 16% said that 11% of their assignments were in unfamiliar areas.
  

There you have it boys & girls. Appraisers are being forced to work in unfamiliar areas for less money while consumers are paying higher fees for a poorer product.

I know lots of you will have antecdotal stories of simiar situations. I had a $135,000 condo I put some folks in last year on a lease purchase. We tried to close and our appraisal came in $8,000 low because an out of area appraiser used some lower end comps.

I supplied the underwriter some more relevant comparable sales and we were able to complete the sale at the original price. Buyer payed $100 more for his appraisl and it took 3 weeks longers to close than it should have.

www.KnoxvilleHomeCenter.com

Here's the first quarter of 2008 sales report for the greater Knoxville, Tennessee area