Category Archives: Real Estate

Real Estate, Real Estate News

Realty Executives Associates Celebrates Over 40 Years

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Realty Executives Associates, of Knoxville, TN, is proud to celebrate over 40 years of service and growth in 2021. Throughout the decades, Realty Executives Associates has solidified itself as the #1 brokerage of East Tennessee, through its dedication to global resources mixed with a local approach.

Founded in 1977 by R. Vance Burkey, the brokerage brought the Realty Executives industry’s original 100 percent commission model to Knoxville and has now grown to over 700 agents, 13 offices and over 50 employees. Burkey founded the company on the basis of putting agents and their clients first, innovating and cultivating a culture that prides itself on community and providing an unparalleled level of support to not only its agents, but clients as well.

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Home Buyers, Real Estate

Well-Known Padre Island Draws in Home Buyers with Hidden Gem North Island

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North Padre Island isn’t the typical beach scene of cheesy shops and tourist-filled walkways. Offering miles and miles of undeveloped beach and wilderness, this coastal land is perfect for those looking for an oasis to call home.

With its mix of sea, sand and entertainment, North Padre touts various recreational, cultural and lifelong hobbies and activities not often seen in big cities. Recognized as the longest stretch of undeveloped beach in the world, this Texas gem is much more than spring-breakers and party scenes. 

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Real Estate

Top Five Binge-Worthy Real Estate Shows

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Are you a reality TV junkie with a love for real estate? There are so many shows, whether through streaming giants or cable networks, that give you a behind the scene look into the world of real estate, home design and cut-throat business.Check out our list of the top five most binge-worthy real estate shows! 

Selling Sunset

If you follow pop culture at all, you’ve probably heard of Selling Sunset. This Netflix original has become a phenomenon after only three seasons of airing and a fourth on the way. This show follows the fashionable and successful real estate agents and brokers of the Oppenheim Group, an LA-based brokerage, catering to exclusive and luxury clientele. The show not only gives you a glimpse into the world of high-end California real estate, but also provides plenty of drama between fellow agents in and out of the office. Nominated for Critics Choice award and mentioned by several media outlets, this show is a must-watch.

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Real Estate

Common Real Estate Terms and What They Mean

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Buying or selling a home is an exciting journey. But with so many different things to research and decide, it may be overwhelming. Especially when you aren’t familiar with terms commonly used during real estate procedures. Our experts are here to help! Let’s go through some of the most common real estate terms and what each one means for you.

Annual Percentage Rate (APR)

This phrase is mostly used for home buyers who are calculating their loan amount. Your APR is the amount of interest charged every year on the loan.

Contingency

This is one of the most used words in a real estate contract or by a real estate agent. A contingency refers to certain events that must take place in order for the contract, between buyer and seller, to not be nullified or voided. For example, a buyer’s contingency may state that the seller must replace the water heater before sale is final. If the seller chooses not to meet this requirement, the buyer may pull out of the sale.

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Real Estate

Best States to Start a Real Estate Business in Right Now

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Is 2021 going to be the year you start your real estate business? Perhaps you’re ready to build your business, but you’re not sure about which state is the best place to start. Real estate is one of the best investments you can make, but you must invest your money in the right place. Here are the best states for starting a real estate business in 2021.

Florida

Florida is a great location to start your real estate business. The tax-friendly sunshine state continues to grow in popularity. Florida’s diverse population attracts people from all walks of life. Young independent singles are moving to the state to escape the big city lifestyles in LA and New York. Whilst families are moving for the warm weather and friendly atmosphere. Whatever the reason, people are setting up roots in Florida, and you can capitalize off of this. 

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Homeowners, Real Estate

Tips for Moving During Winter

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Often considered the most magical time of the year, winter can be a tough season for any kind of obligation. Relocating can get messy on any regular day, let alone during a snowstorm or cold day. Luckily, we have some tips to tackle some difficulties of moving during winter.

Watch the weather

If you’re relocating during winter, it’s important to watch the weather forecast. Although weather can change quickly and unexpectedly, you can try to monitor as best you can and plan to move on a day that is reporting a high percentage of no snow or ice.

Prepare the gear for moving during winter.

You can minimize all the risks by preparing the necessary gear. This mostly applies to the transportation vehicle for you and your belongings. Some things you may need are:

  • Tire chains
  • Aid kit
  • Shovel for snow
  • Tow rope
  • Resilient window wipers
  • Warm clothes and blankets
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Real Estate

U.S. Housing Market Predictions for 2021

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First, the facts: According to NAR, July 2020 posted the highest monthly total of existing home sales since 2006, jumping 24.7% over June to hit 5.86 million (SAAR). And for the first time in U.S. history, the median existing-home price for all housing types broke a record with the median surpassing $300,000.

According to Zillow, the typical U.S. home sold in just 16 days in September, a typically slow-moving month for real estate.

Still, delinquencies and subsequent distressed property sales could put the brakes on home price growth in the future. If, for instance, CoreLogic Chief Economist Frank Nothaft’s forecast holds true, home price growth could slow to 0.6% in July 2021 with prices declining in 11 states, led by Louisiana, Illinois, Connecticut, Iowa and Arkansas.

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Real Estate

Retirement Real Estate

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Retirement societies are in a continual state of change all over the world. Whether helping people who live alone, in need of assisted living or memory care, or advancing to competent care, there is regular turnover regardless of the clients they represent.

Many buyers are likely to sell their house before making the move, while helping seniors plan a move from their long-time home to a senior neighborhood. Therein lays one of the greatest challenges to be tackled by any senior group sales agent.

Being a realtor is a respected career, especially if you are able to have an appreciation for the needs of older clientele. Since many seniors have not sold a house in years, even decades, the real estate agent needs the skills to direct them through the process of home purchases, but also the ability to explain what to expect and how to overcome challenges along the way.

In comparison, if your agent already has a team of service providers who can provide their customers solutions, their relevance to the senior practitioners in the industry improves even further. One stop shop… that’s what a lot of good realtors have.

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Real Estate

The Right Real Estate investment for You

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What is an investment? For most people, it’s buying stocks and shares. However, it’s quite intimidating, given the turbulent nature of current circumstances. So if you are looking to invest, real estate is always a smart choice. It’s a physical asset, a great passive income generator – overall, a reliable revenue source. You might not have known that there are several types of real estate investments, and you should think long and hard before you decide which is the best for you.

Passive real estate investments

As the word implies, this is the type of investment where you take a more passive role. There is no driving around in search of a suitable property. Instead, there are real estate investment platforms where you can browse through the options. These platforms often function as crowdfunding websites. You will find a specific project you want to invest in. The amount of money you will put in will depend on the project and the platform of your choice. Then, your money will be put together with other investors’ money, and you will receive dividends from the projects you have invested in. Dividends will, of course, be proportionate to the amount of money you have put in. 

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Real Estate

How is COVID-19 Affecting Urban Buyers

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The COVID-19 pandemic took the world by storm this year, and it shows no signs of going away soon. It seems that, for the time being, we’ll have to get used to “the new normal”. But what does that look like for the real estate market? The virus and all attempts to stop it have already changed how we work, travel, even shop for groceries. Indeed, buying a house is going to look different in this new world too. It’s still hard to say precisely which changes are here to stay for good and which are just temporary. But one thing is for sure: the health crisis is affecting buyers in urban areas at the moment. In some ways, city dwellers looking for a real estate investment have an advantage because of this. In other ways, however, buying a home in the city right now is more challenging than ever.

There is less competition for urban properties at the moment

Before the coronavirus pandemic struck, experts predicted 2020 would be one of the best years for real estate in decades. While those predictions never quite came true, they also weren’t that far off: most real estate agents are reporting postponements rather than cancellations from potential buyers. This proves that people are still very much interested in investing in real estate even now.

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