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					        June 1, 2005                     Real Estate Information You Can Use!                             Vo lu me 5 , I ssu e #6



                                          COLONIAL REAL ESTATE, INC.
                                             www.ColonialProperties.com
                                                      From: Steve’s Desk… potential buyers contracts, there’s
      Residential                                                             less competition for homes generally.
                                                      At first, it might seem
      Commercial                                                              The end result? Less real estate
                                                      that a gallon of gas
                                                                              demand, fewer sales, higher
                                                      doesn’t have a great
                                                                              operating costs and less pricing push.
INSIDE THIS ISSUE:
                                                      deal to do with real
                                                       estate values. But
                                                                              President Bush has now proposed
                                                       energy costs- - and
From Steve’s Desk...       Pg # 1                                             that we build more oil refineries
                                      Steve Lane especially gas prices,
                           Pg# 2
                                                                              and nuclear power plants, and that
From Ben’s Desk                      Principal Broker directly influence how
                                                                              we convert old military bases for
                           Pg #2                      much folks will pay
From David’s Desk                                                             such purposes.
                                    for a house.
Featured Properties        Pg #2
                                    Here’s how.                                      Such proposals are hardly complete,
Tips on … Preparing        Pg #5
                                                                                     but they would do much to reduce
Your Home For Sale!
                                    When energy prices rise, costs                   energy costs while also resolving
From Our Kitchen to        Pg #5
                                    throughout the economy are impacted,             a difficult political problem.
Yours…
                                    the entire economy is effectively taxed.
Real Estate Stats in       Pg #6
                                    Higher fuel costs without extra                  The Bush plan inherently touches
Sevier County
                                    productivity add to inflationary trends.         five core issues, each of which is
    Special Points of Interest      Mortgage lenders, and other lenders,             important for what is said… and not
•     Premier Properties…           then seek higher interest rates to               said.
      Offered by–                   compensate for the buying power lost
      Ron Rader                     to inflation.                                    Nuclear, Oil Refining, Base
•     Available Properties                                                           Development, Oil Production,
      Kathy Gothard                 Higher mortgage rates reduce mortgage            Fuel Conservation
                                    affordability, and as the pool of
•     Kathy Leedy...
      Exceptional Buys!

•     Favorite Recipe from                               “Outstanding in Our Community!”
      the kitchen of...
      Patt Webb                     For 10 years, Emily Kile, an                              raised $22,000. Final numbers
•     June Calendar of              affiliate broker with Colonial Real                       aren’t in yet, but this year’s
      Events in Sevier Cty.         Estate, and a breast cancer                               luncheon was a sell-out and
                                    survivor, has actively worked with                        exceeded last year’s numbers.
•     Tips on … Preparing           the American Cancer Society.
      Your Home For Sale
                                    Once again this year Emily is                              The 2005 Relay For Life event
•     Outstanding in Our            involved with the Relay For Life                           in Sevier County will be at held
      Community… American           program, as the sponsor of the                             at Sevier County High School
      Cancer Society- Relay         Friends of the Relay Team. The                             on June 3rd, beginning at
      For Life– Emily Kile
                                    Colonial Real Estate family of                             6:00PM. It’s a fun filled over-
                                    REALTORS is proud to be a part of                night event that mobilizes communities
                                    Emily’s team. Recently, the second annual        across the country to celebrate survivor-
                                    Friends of the Relay Luncheon was held           ship, remember those who lost their lives
     “Equal Housing                 as a fund-raiser for this years Relay For        to cancer, and raise money for the fight
                                    Life Event. The luncheon included door           against cancer. If you would like to join
      Opportunity”
                                    prizes, entertainment by a gospel artist         the Friends of the Relay Team, or would
                                    and a silent auction of local artist’s prints.   like more information about this year’s
    License # Fm00222226            Last year the Friends of the Relay luncheon      event, call us at 865/453-3333.
                     Page 2                 Colonial Real Estate, Inc.                           Volume 5 , Issue #6

                    From Ben’s Desk…                              From David’s Desk…
                                                             Certified Commercial Investment
                Colonial Properties…                         Member (CCIM)
                A Five Star Property Management              www.smokies-commercial.com
                Division of Colonial Real Estate
                                                             If you track our local real estate market,
                     The ultimate purpose for investing in   you know of the abundance of listings
                     real estate is to make money. I make    and recent sales for overnight rental
  Ben Hughes         this statement with no apologies.                                                  David Gothard
                                                             cabins and condos. They are certainly      Commercial Sales
 Broker- Residential Real estate is just like any other
   Sales Director                                            popular with small investors, but are          Director
                     investment- - whose primary purpose     they wise investments? Sometimes
is to build wealth. Thus- - there should be a time           they are. Many will not provide early positive cash
in the future that the investor plans to sell.               flows, after debt service and taxes; some may never
With the Prime Directive of “buy low, sell high”             do so. However, over a longer holding period, yields
laid aside, most investors grapple with when to              can potentially be good, considering both annual
sell. There are several sell points real estate              cash flows and property appreciation. Hotels,
investors should have in their business plans.               motels, time shares, condos and cabins all compete
Looking to the future, investors may want to sell            for overnight guests, keeping competition strong in
after having reached one of the following                    an expanding supply market of new units. Investors
benchmarks: the property has                                 should carefully evaluate factors such as: the right
maximized it’s profit, you’ve                                location; appeal of the property and surrounding
located a better investment                                  area; age and condition; verifiable rental history;
opportunity, the tax                                         basic and special amenities; intended use, i.e.
depreciation limit has been                                  rental only or with some personal use; the right
reached, or you’ve realized                                  rental management company and the property’s
your wealth-building goals.                                  potential upside for greater revenue.

         Call Colonial Real Estate, Inc. for your residential and commercial property needs!




                                                                                              Ron Rader
      SOLD in 10 days                           SOLD in 33 days
                                                                                    The average number of days
                                                                                        on the market, in the
   905 Smoky Mtn. Queen Road            1763 Harrisburg Mill Road                      Smokies Region, for a
    @ Douglas Lake– Sevierville                  Sevierville                       residential single family home
  Duplex fronting on cul-de-sac w/   Beautiful contemporary style 3 bed-         is 180+/- days. Ron Rader SOLD
view of the water & community boat room, 21/2 bath home w/180º unob-             these 2 homes in just 10 days and
 ramp. Beautiful lot w/lake water @ scured view of the Smokies. Lg. spa-               33 days, respectively.
 back yard in summer. Duplex units cious rooms w/tall ceilings. FP in lg.
are mirror image, w/LR, 2 BR, bath master bedroom. Lush landscaping,                      Ron Rader …
  & kitchen, w/673 sq. ft. of living 3 car garage, level lot. Private rear       “Creating Real Estate Solutions!”
   space in each. Sold @ $180,000     screened porch. Sold @ $305,000

 If you are interested in buying or selling property in the Smokies Region call Ron Rader @ 865/604-9161
               Kathy Gothard… “Putting People First!”                                                       Page # 3




                        SOLD                                                SOLD
      #2008 Spotted Fawn Way– Bluff Mountain                 #614 Morning Mist Way in Gatlinburg
        “Lookin for Love”… beautiful log overnight           “Honeymooner’s Bliss”… fully furnished &
       rental cabin. Fully furnished, FP. Wood floors.        decorated overnight rental. Great location.
                    Priced @ $ 119,000                                  Priced @ $ 107,900




                    PENDING                                         NEW LISTING

           #2004 James Road in Sevierville                       #1850 Trout Way in Sevierville
      View! Enclosed back patio w/glass. 3 BR, 2BA          One of 9 fully furnished cabins in log home
      & 1,855 sq. ft. Split floor-plan. Great amenities.   resort close to Dollywood, PF & Sevierville.
                   Priced @ $ 236,900                                  Priced @ $ 195,000




             NEW LISTING                                          NEW LISTINGS
             #1851 Trout Way in Sevierville                 #1219 Collier Drive in Sevierville Studio
      1 of 9 fully furnished log homes available. 2BR,     condo, 1BR,1BA. Beautifully furnished. Pool
      2BA, FP. Underground utilities & paved roads.          Rental program. Great location. $ 89,900
                     Priced @ $ 195,000                      3BR, 2BA condo also available. $ 289,900

Call Kathy Gothard, the Hat Lady... to sell your property @ 865/621-0450
Page # 4         For Exceptional Buys in Sevier County Real Estate… Call Kathy Leedy

                              A,B,C s of Real Estate                 Featured Property...

                                DOM = Days on Market.
                                This is a field in our
                                multiple listing service that
                                allows the buyer to know
                                how many days a property
                                has been on the market.
           If the buyer is being represented in the
           transaction, the buyer’s agent will have
           provided average days on the market for
           comparable properties. What does this
           mean for you? If you are the seller, it is
           important to price correctly so your DOM
           are not overly long. If you are the buyer
           and you know the DOM is overly long,                 DOUGLAS LAKE NL104940 Great
           then you may be looking at an over-priced            permanent, getaway or overnight rental,
           listing. Or if it is a unique property, you          lake frontage. Less than 30 minutes from
           may be looking at a motivated seller by              downtown Sevierville. 2 bedrooms & 2 full
           now. If the DOM is within the last 30 days,          baths, could sleep up to 12 if used as
           and a buyer makes an offer, the seller               overnight rental. Main level inc...2BR,
           may believe he’s priced too low. That                1BA, living/dining/kitchen & additional
           may not be the case. The seller may just             room. Lower level has extra room, family
           be priced at market value and a faster               room, laundry closet & bath. At listed
           sale should result. Whether you                      price seller will completely finish home &
           are the buyer or seller, you might think             re-do driveway. If offer is made prior to
           about the DOM in your next transaction!              completion, seller will negotiate off price
                                                                for buyer to complete.            $ 124.900

                               New Properties on the Market...




                                                                        IN-LAW QUARTERS
           KODAK NL104817 Well built home in great              KODAK NL101229 If gardening is your pas-
           location, easy access to Knoxville. Split            sion, this is your property. Beautiful back
           bedroom plan for maximum use of square               yard, great for entertaining; lg. level corner
           footage. 3 bedrooms/2 baths. Entry & formal          lot. Many upgrades & absolutely move in
           dining area have laminate flooring. Cathe-           ready! Main level has kitchen, living/dining.
           dral ceiling in living room. Has double car          Half level up has 3BR/2BA. Hot tub off
           garage, 1 side now used as storage space,            master. Lower level has den & rec. room
           could be easily converted back. $ 159,900            w/2nd kitchen, laundry & 1/2 bath. $250,000

If you know of anyone who wants to buy or sell real estate in Sevier County, or would
    like more information on these properties… call Kathy Leedy @ 865/604-5051.
T h e C o lo n ia l R e a l E s t a t e , I n c . N e w s l e t t e r                                                           Page 5


        Calendar– June 2005                                                     Is Your Home Ready to Sell?
06/01- “Spring Secrets”- Guided
06/30 Limo Tour of Gatlinburg                                                                  If your selling objectives are…
06/03- Pontiac Club Car Show                                                               Selling @ the Highest Possible Price
06/05 Music Road Hotel & CC in PF                                                             in the Shortest Amount of Time
                                                                                        with the Least Amount of Inconvenience...
06/04 Smokies Baseball vs. Birmingham
                                                                           Let the      •   Leave the Selling & Showing to the
06/04 MOPAR Car Show
                                                                        professionals       Professionals at Colonial Real Estate
      Sevier County Fairgrounds                                                         •   First Impressions Are Lasting Impressions
                                                                         @ Colonial
06/04 English Mountain Challenge                                                        •   Beauty is More Than Skin Deep
                                                                         Real Estate    •   Accentuate the Positive Aspects of
      30, 62 & 100 mi. Rd. Courses
                                                                          help you          Your Home
      Sevierville Municipal Complex
                                                                           prepare      •   Put Your Home in It’s Best Possible Light
06/10- Tractor Pull at Sevier County                                     your home      •   Keep the Disturbances Down During All
06/11 Fairgrounds                                                                           Showings of Your Property
                                                                             for        •   Create a Homey Atmosphere for the
06/16       Smokies Baseball vs. Carolina                                the fastest        Potential Buyer of Your Home
                                                                          possible      •   Have Records Available for the Buyer’s
06/17- Southern Nationals Assn.
                                                                            sale.           Review
06/18 Camaro, Chevelle Nationals
       Music Road Hotel & CC in PF
                                                                           Follow the simple tips outlined above …
06/17       Dollywood’s Kidsfest Begins                                    to improve the showings of your home.


                                                                                                                         “Have you
                          From Our Kitchen to Yours!                                                                    ever heard
                                                   From the Kitchen of: Patt Webb                 06/01/2005               this
         Garlic Flavored                           Ingredients…                                                        expression?”
        Mashed Potatoes                            6 large potatoes
                                                                                                                      “ You only get
                                                   1 can Chicken Noodle Soup
                                                   1 tbsp minced garlic (more if you love garlic)                       one chance
                                                   3 tbsp butter or margarine                                             at a first
                                                   1/4 cup bacon bits or cooked bacon pieces                           impression!”
                                                   1/4 cup milk
                                                   1 tbsp Italian or Greek seasoning                                  It’s very true.
                                                   Salt & pepper to taste
                                                   Preparation…                                                        Call Colonial
                                                   Peel & wash potatoes. Boil until fork tender. Drain pota-           Real Estate,
                                                   toes. Cook minced garlic in 1 tablespoon of butter or                 Inc. today
                                                   margarine until golden brown; being careful not to burn              for a FREE
                                                   the garlic. Put potatoes in large mixing bowl, add can of              copy of
                                                   chicken noodle soup, cooked garlic, 2 tablespoons of                 our handy
        Great Side Dish for                        butter, bacon bits and 1/4 cup of milk. Mix at medium                  tip guide
         Summer Grilling                           speed for 4 or 5 minutes or until all lumps are gone. Mix           on preparing
       with Chicken, Beef or                       in spices, salt & pepper to taste. Optional-add shredded
                                                                                                                        your home
             Seafood                               cheese on top & place under broiler for 1 to 2 minutes.
                                                                                                                          for sale.


                           For a FREE video of the Smokies Region…
                                   visit www.mynewcity.com
Colonial Real Estate, Inc.      953 Dolly Parton Parkway Sevierville, TN 37862                                                                                       Page # 6


  Report on                     Colonial Real Estate, Inc. is #1 in total real estate                                                                         PRSRT STD
 Sevier County                                                                                                                                                US Postage
  Real Estate
                                       sales in the entire Smokies region.                                                                                        Paid
                                           Come by our new office…                                                                                             Permit 582
                                                                                                                                                              Knoxville, TN
                                           Colonial Properties                                                                                                   37950
Through the reporting
                                                 in Pigeon Forge.
 period REALTORS®
     in the Smokies
Region have sold 779
    residential single
family homes, totaling
        more than
  $151,000,000. This
      represents an
increase of about 150
    more homes sold            For information on all of our listed properties, as well as all properties
 than during the same             available in the Great Smokies region MLS visit our web-site…
period last year and a                              www.ColonialProperties.com
 34% increase in total                  or phone: Call 24/7 @ 865/453-3333 or 800/336-1899
   dollars sold for the
    same period. The
   average price of a
    residential single
   family home in the                                New-Comers Corner!
  Smokies region has
       increased to          Retirement! Ahhh, the sweet sound of                                             “We feel like we’ve come home!
      $194, 493, an          that word. After working for Ottawa                                              We’ve seen more sunshine and blue
 increase of about 9%        Hills Schools and                                                                                      skies in these
  more than last year.       as office manager                                                                                      few short weeks
                             at TSP in Ohio,                                                                                        that we’ve been
Average days on the          Mike and Toni                                                                                          here than we
 market is 174 days.         Gaylord felt it was                                                                                    would see for a
  The hottest market         time to retire and                                                                                     whole year in
 area in the Smokies         live life at a                                                                                         Toledo! Even a
    continues to be          slower pace.                                                                                           trip to the
  Pigeon Forge, with         Because they                                                                                           grocery store in
      Gatlinburg,            both love nature                                                                                       Seymour is a
    Sevierville, and         and the outdoors,                                                                                      treat, looking at
     Wears Valley            Sevier County                                                                                          these lovely
    following in that        was the perfect                                                                                        mountains! We
 order. Bluff Mountain       place to relocate.                                                                                     love it here!”
 continues to show a         They were married in Gatlinburg while
strong sales trend, as                                                                                        “Mike and Toni, we welcome you to
                             visiting relatives in the Carolinas, and
 does Chalet Village,                                                                                         beautiful Sevier County!”
                             fell in love with the area.
     Cobbly Nob,
Kodak, and Seymour.                    Welcome our new neighbors to Sevier County!
                             (*) Square footage and acreage information was provided by the Sevier County & Jefferson County tax records. Square footage
                             and acreage calculation(s) have not been verified as accurate by the listing agent(s). Buyer(s) should verify all information.
                             Information is deemed reliable but not guaranteed.
Statistics provided by       Colonial Real Estate, Inc.
    GSMAR MLS                “EQUAL HOUSING OPPORTUNITY”.
Sold Market Analysis.                                       Not intended to solicit currently listed property.

				
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