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.