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Increase the odds of selling your home with Wallace Real Estate
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{161}” paraid=”1241859211″><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Moxi%20Blog%20Images%20(900%20x%20500%20px)%20(48).png” style=”margin: 10px; width: 700px; height: 389px;” class=”featured”></p> <p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{161}” paraid=”1241859211″>Do you pay your doctor only if the cure to what ails you is a long time coming? Does a contractor earn his wage only if it takes more time than you’d hoped to finish a home improvement project? Are you happier with your mechanic when it takes weeks instead of days to repair your car? In this world of instant gratification, the service providers who don’t get the job done right away are considered not as skilled in their trade as the service providers who work quickly and efficiently. </p> <p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{183}” paraid=”1241859213″>So why is it, when a house goes on the market and an offer comes in immediately, the sellers often don’t think that the real estate agent worked hard enough for their commission? In fact, the opposite is true. A quick sale means an agent has done their job with skill, knowledge, planning, and precision. </p> <p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{195}” paraid=”1241859214″>A real estate agent is hired to bring a buyer and a seller together. As listing agents, we do that by putting marketing out into the world for the public and for other agents to see. But that’s not all. </p> <p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{195}” paraid=”1241859214″>Even the best marketing, visible to the most people, is not the only thing needed to sell a house quickly. An agent must know their market. They must provide the seller with great advice using market statistics to come up with the appropriate asking price. An excellent real estate professional earns their commission not only by marketing, but by properly positioning the house to sell. </p> <p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{215}” paraid=”1241859215″>Looking at the prices of homes that have sold is perhaps the most common way to come up with an asking price, but that’s not enough. An examination of the asking prices of the current homes for sale is smart, but you must use that information, not to select a similar price for your listing, but to properly position your home among those homes with which you will be competing. </p> <p paraeid=”{a7d3cf82-8d96-41e4-8c7c-a79ccfe6af0b}{245}” paraid=”1241859216″>Your agent should be able to provide you with the absorption rate of homes like yours in your area. Absorption rate will tell you the pace at which homes are selling in a given time period. Let’s say, in the past year, 12 homes like yours have sold. If 16 homes like yours are currently for sale, then at the current rate of sale, it means that 75% of the current listings will sell in a year’s time. </p> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{32}” paraid=”1241859217″>While it is true that no one can guarantee the speed at which a house will sell, there are ways to up your odds of selling quickly. Using the numbers above, you can see that homes are selling at a rate of 1 per month. If 1 per month sells, to figure out your chances of selling in 30 days, divide the number sold in a month (1) by the number of homes currently for sale (16), then the odds of selling a house like yours in one month is just 6%. That means that 94% of the current inventory will NOT sell in 30 days. And that is assuming nothing else enters the market in that length of time. </p> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{76}” paraid=”1241859218″>How do you sell in 30 days? Your house has to be a better value than 94% of the competition. Notice I did not say a lower price than 94% of the competition, but a better value. There is a difference, and a real estate agent who is skilled in their trade can help position your home appropriately, and can increase your odds of selling quickly. </p> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{96}” paraid=”1241859220″>The market value of a house isn’t the price for which others sold. It isn’t the appraised value, it isn’t the price at which other homes are listed, and it isn’t what the seller has in it or wants to get out of it. It IS what a buyer is willing to pay for it. </p> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{96}” paraid=”1241859220″>Have your agent help you properly position your home among the competition and you will find a ready, willing, and able buyer in the time you desire. </p> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{118}” paraid=”1241859221″><em>*This article was reprinted with permission from the Knoxville News Sentinel April 14, 2024 Edition.</em></p> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{134}” paraid=”1241859224″> </p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
Embrace Community: 5 Ways to Give Back This April
Spring has arrived in East Tennessee, and with it comes warmer weather and the desire to get outside and reconnect with your community. April is a great time for this, as it has been designated as National Community Service Month. It’s a time to come together, roll up our sleeves, and make a positive impact right where we live. At Wallace Real Estate, we believe in the power of community and we’re sharing some impactful ways you can give back this month.
1. Volunteer at a Local Shelter: One way to make a difference in your community is by volunteering at a local shelter. Whether it’s serving meals to those in need, organizing donation drives, or simply lending a listening ear, you can help improve the quality of life for those individuals being served by East Tennessee area shelters. There are a wide range of organizations providing vital support to individuals experiencing homelessness or facing other challenges, including Family Promise. Wallace Real Estate recently completed a Give Back Day with Family Promise, in which we cleaned, landscaped, painted, and did repairs. It was a great experience and we invite you to reach out to one of the shelters or other organizations in your area to inquire about volunteer opportunities and how you can help.
2. Participate in Neighborhood Cleanups: Beautifying your neighborhood is a great way to give back. Not only does this improve the aesthetics where you live, but it also fosters a sense of pride and unity among residents. Organize or join a neighborhood cleanup event where community members come together to pick up litter, plant trees, and spruce up public spaces. Maybe you have a Facebook group or neighborhood association mailing list you can use to connect with neighbors to plan.
3. Support Local Nonprofits: Local nonprofits play such an important role in addressing various social, environmental, and cultural needs within our communities. No matter what causes or efforts you are passionate about, there’s likely an organization doing some work around the subject.
Take the time to research nonprofits in your area that align with causes you’re passionate about, whether it’s education, healthcare, environmental conservation, or arts and culture. Consider donating your time, resources, or skills to support their mission, or organize a fundraiser to raise awareness and funds for their cause.
4. Mentorship and Tutoring Programs: Investing in the next generation is essential for building a brighter future for our communities. Maybe you’re passionate about education. It’s a great time to get involved in mentorship or tutoring programs that provide support and guidance to children and young adults. Whether it’s helping students with their homework, offering career advice, or serving as a positive role model, your time and mentorship can make a significant impact on a young person’s life.
5. Participate in Community Events: Communities thrive when residents actively engage and participate in local events and initiatives. Keep an eye out for community events such as fundraisers, festivals, or charity runs happening in your area. Not only are these events fun and enjoyable, but they also provide opportunities to connect with neighbors, support local businesses, and contribute to worthy causes.
Wallace Real Estate has been a trusted member of our community since 1936 and we recognize the importance of giving back to the communities that we serve. This April, let’s come together and make a difference by volunteering our time, resources, and talents to support those in need and enhance the well-being of our neighborhoods. Together, we can embrace a sense of community and make April a month of meaningful impact and positive change!
Wallace Luxury Spotlight | 1622 Riceland Drive Sevierville, TN 37862
Discover Serenity: Your Dream Home Awaits at Victoria Fields
Nestled on more than 1.5 acres of peaceful serenity, this home in Victoria Fields welcomes you to a lifestyle of luxury and tranquility. Conveniently located close to everything yet secluded enough to offer a retreat from the hustle and bustle of everyday life, this open-concept floor plan is designed to elevate your living experience.
As you enter, prepare to be enchanted by the meticulous attention to detail that defines every corner of this exquisite home. Tall ceilings, granite countertops, and abundant windows invite natural light to flood the space, creating an atmosphere of warmth and comfort.
Indulge in the master bath fit for royalty, where every luxurious detail has been carefully curated to provide the ultimate in relaxation and rejuvenation. Downstairs, you’ll discover ample storage space, a fourth bedroom with tremendous closet space, and an expansive two-car garage.
When you experience the two-story patio, you’ll be immersed in the beauty of nature that surrounds you. Whether you’re enjoying your morning coffee or hosting a gathering with friends and family, the tranquil ambiance is sure to leave a lasting impression.
And with the assurance that short-term rentals are not permitted, you can rest assured that peace and quiet will always be yours to enjoy. Plus, with plenty of shopping, dining, and schools nearby, this Wallace Luxury property truly offers the best of both worlds.
Don’t miss your chance to experience the serenity and luxury that awaits at Victoria Fields. Schedule your showing today and embark on a journey to discover your dream home.
Listed by Beech Signature Homes – Wallace West Office | Click here to learn more about this exceptional property.
Wallace Luxury Spotlight | 1919 Legend View Court Sevierville, TN 37862
Experience Luxury Living: A Tour of 1919 Legend View Court
Enter a world of elegance and sophistication at 1919 Legend View Court, where space meets grace in this breathtaking 7510 square foot home. Nestled amidst stunning mountain views on all three levels, this custom-built residence offers an unparalleled living experience that seamlessly blends luxury and convenience.
As you enter, you’ll be greeted by the grandeur of gorgeous woodwork, Italian stone, and tile flooring that adorn every corner of this magnificent home. The spacious kitchen boasts new granite countertops, perfect for culinary enthusiasts, while custom draperies and new carpet in the bedrooms add a touch of refinement to every room.
With fresh paint inside and out, as well as new epoxy flooring in the garage, every detail has been carefully curated to ensure both beauty and functionality. The cul-de-sac location offers a sense of privacy, allowing you to enjoy the tranquility of your surroundings while still being just minutes away from LeConte Medical Center and the vibrant downtown areas of Sevierville and Pigeon Forge.
But it’s not just the spaciousness of this home that will captivate you—it’s the warmth and comfort that envelops you from the moment you step inside. From cozy evenings by the fireplace to leisurely mornings on the balcony overlooking the mountains, every moment spent in this home is sure to be cherished.
If you’re in search of a custom home that offers both luxury and convenience, look no further than 1919 Legend View Court. With short travel times to regional amenities, entertainment, shopping, dining, and the majestic Smoky Mountains, this is the epitome of luxury living.
Don’t miss your chance to experience the unparalleled beauty and elegance of this remarkable home. Schedule your private tour today and embark on a journey to discover the home of your dreams.
Listed by Gary Harwell – Wallace Bearden Office | Click here to learn more about this exceptional property.
Celebrating Wallace Week 2024: Honoring Our Legacy and Looking to the Future
April 1st kicks off Wallace Week, a week-long celebration unlike any other. Wallace Week isn’t just about marking the founding of our company on April 1st, 1936; it’s a time to reflect on the milestones that have shaped our journey, celebrate our achievements, and look forward to the bright future ahead. Join us as we take a trip down memory lane and embark on new adventures during this special occasion.
A Legacy of Growth and Innovation:
From our humble beginnings with a single office on Gay Street in Downtown Knoxville, Wallace Real Estate has grown and evolved over the decades. April 1st holds particular significance for us, as it marks the day when pivotal milestones shaped our legacy.
In 1988, we took a bold step forward by joining forces with a national franchise, expanding our reach while remaining rooted in our local community. This move allowed us to offer our clients even greater resources and expertise.
In the year 2000, April 1st symbolized a new chapter in our story as we acquired a local company, nearly doubling our agent count and expanding our service offerings to include commercial real estate. It was also the day we moved into our current corporate headquarters atop Bearden Hill, a testament to our commitment to growth and innovation.
However, perhaps the most significant milestone came in 2023, when we made the decision to return to our roots as a local, independent brokerage. This move reaffirmed our dedication to our community and our values, setting the stage for a new era of success.
Wallace Week: A Celebration of Our Journey
From April 1st to April 5th, we will be celebrating Wallace Week, a week-long tribute to our rich history and bright future.
Monday, April 1st: We’ll kick off the festivities with a flurry of social media content celebrating our founding and reflecting on key moments in our history.
Tuesday, April 2nd: We’ll be enjoying a full day of special day of events in downtown Knoxville, where we’ll explore our “Founding to Future.” Highlights include a talk by Wallace agent Jennifer Montgomery about her Local Lore initiative, historical walking tours, and talks by renowned historians Jack Neely and Dr. Warren Docktor. These engaging discussions are aimed at deepening our agents’ knowledge of East Tennessee’s rich history.
Wednesday, April 3rd: This will be our Broker Blitz, which includes a market-wide open house event, for area real estate professionals to attend. We will be showcasing some of our exceptional properties all around the region.
Thursday, April 4th: We’ll be sharpening our skills and expanding our horizons with a full day of learning featuring nationally recognized speaker Zan Monroe. We’ll cap off the day with an ice cream social, because even hard work deserves a sweet reward.
Friday, April 5th: We’ll give back to our community by volunteering at a local nonprofit, lending a helping hand to improve their facilities and make a positive impact in the neighborhoods we serve.
At Wallace Real Estate, our commitment to excellence and community runs deep. As we celebrate Wallace Week and commemorate our journey since 1936, we invite you to join us in honoring our past, embracing our present, and shaping our future together. Here’s to many more years of success and service to East Tennessee.
Cheers to Wallace Real Estate: Trusted since 1936.
Celebrating Milestones and Accolades with Wallace Real Estate
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” class=”featured featured” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Hold-Frame%20(1).jpg” style=”margin: 10px; width: 750px; height: 422px;”></p> <p><em>Wallace Real Estate celebrates national accolades and the 88th anniversary of its founding on April 1st, 2024, one year after relaunching as an independent brokerage.</em></p> <p>Locally owned Wallace Real Estate has been named a member of RISMedia’s 2024 Power Broker Top 1,000 Real Estate Firms, landing in the top third of the prestigious national list with a No. 258 ranking in Residential Units Sold and No. 311 in Residential Sales Volume.</p> <p>Wallace Real Estate also was named to the RealTrends national Top 500 Verified Brokerages list, landing at No. 274 and No. 330 for sides (a party to a transaction) and volume (total dollar amount sold), respectively.</p> <p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Real%20Trends%20Banner%202024.png” style=”margin: 10px; width: 750px; height: 107px;”></p> <p>On both lists, Wallace is the top-ranking independent firm from the East Tennessee area.</p> <p>“These external accolades underscore the commitment, dedication and creativity of our agents and team, and we couldn’t be happier to receive the news in time to celebrate 88 years of Wallace Real Estate in East Tennessee,” CEO George Wallace said. “We have put customers and ethics first since our founding in 1936; our success and longevity should be credited to those customers and the trust they place in us during pivotal life moments.”</p> <p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/2024-Awards-Winners-Social%20Media%20Post-IG-Best%20Website%20Design.jpg” style=”margin: 10px; float: left; width: 200px; height: 200px;”>Wallace also recently won “Best Website Design” from Leading Real Estate Companies of the World at its annual global conference. The award recognized the firm’s efforts in designing a user-first online experience. While Wallace is locally based, it has a global presence as a member of Leading Real Estate Companies of the World® and Luxury Portfolio International®.</p> <p>“Our innovations were carried out with our customers in mind, and our systems of marketing and support propel our agents to reward customers with the best experience, value and results,” Wallace said.</p> <p>To commemorate these significant milestones, Wallace is kicking off a local celebration called <a href=”https://youtu.be/bjn7nRC2aKM?si=P9sbf3iyvPkaDxW1″>“Wallace Week”</a> to provide its agents a variety of fun events throughout the week of April 1-5, partnering with local companies to offer engagement and volunteer opportunities.</p> <p>A year ago on April 1, Wallace relaunched as the largest independent real estate firm headquartered in East Tennessee to provide more flexibility, support and opportunities for agents in a real estate market that has undergone rapid growth and changes.</p> <p>For more information about Wallace Real Estate, its anniversary celebrations and community involvement, visit wallacetn.com or follow the firm on social media @WeAreWallaceRE.</p> <p><u><strong>About Wallace</strong></u></p> <p><em>Wallace Real Estate has been trusted in East Tennessee since 1936. An industry leader with six area offices and nearly 500 sales associates, Wallace is a leading residential and commercial real estate firm in East Tennessee. Selling approximately 4,000 properties each year, the firm owes a great deal of its success to the individuals who laid its foundation: Charles A. Wallace and his father, James A. Wallace, Sr. Since 1936, three generations of the Wallace family have provided buyers and sellers in the region — including Knox, Anderson, Blount, Loudon, Roane and Sevier counties — with a real estate experience that remains unmatched.</em></p> <p><em>The company sets itself apart with industry-leading training and agent development, and always puts integrity first. A one-stop shop, Wallace Real Estate also includes a relocation department, and property management and rentals, as well as mortgage and financing with CMG Financial mortgage loan specialists available in every office. Clients can enjoy convenient closing services through Melrose Title, a locally owned, attorney-driven title company, as well as insurance and home warranty solutions with Dogwood Insurance and 2-10 Home Buyers Warranty. As Wallace celebrates its 88th anniversary this year, it continues to be a reliable authority in the industry.</em></p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
