Real Estate News

Crye-Leike Cleveland Realtors Have High Hopes for 2014 Housing Market

Release Date:     January 07, 2014
Category: Chattanooga Area


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CLEVELAND, TN., - In 2013, many great things happened for the real estate market including increased sales, higher home prices and less foreclosures.

Crye-Leike, REALTORS certainly had a good year achieving a $5.2 billion sales volume in 2013 which was a total 16% higher than 2012 when the company had a $4.5 billion sales volume. Crye-Leike's sales were up in 2013 by $700 million and its Realtors helped the company sell 30,471 properties.

Locally in Chattanooga, Crye-Leike agents achieved a $405 million sales volume from selling 2,737 properties in 2013.

Crye-Leike's Cleveland Realtors are celebrating the increased home sales in the local market and they were happy to hear their office had the highest sales and ranked as Crye-Leike's top producing office for the company's Chattanooga region in 2013.

Hundreds of Crye-Leike's Chattanooga Realtors and agents from the company's Cleveland branch were eager to jumpstart 2014 with high hopes for the local housing market.

At Crye-Leike's annual kick-off meeting for its Chattanooga region, Realtors from across the area met to talk about predictions for the local market in 2014. In the crystal ball segment of the program, Crye-Leike Co-founder and CEO Harold Crye offered his forecasts of what he thinks will happen this year.

"We're happy the real estate market continued to strengthen in 2013 and thankful to our agents for helping Crye-Leike surpass its sales goals for the year," said Harold Crye. "We are optimistic the market will continue to improve in 2014, but rising interest rates and home prices could create some challenges for the market. Because of those things, home affordability has already started to decline, but the good news is home affordability is still the best it has been in 5 years."

Mr. Crye adds, "With Crye-Leike selling 2,406 more properties in 2013 than it did in 2012, we are confident that 2014 will bring more increased sales for the real estate market. Homeownership is a powerful part of life and a great investment in the future, so we encourage everyone to keep striving to achieve their dream of becoming a homeowner as we expect the 2014 housing industry to once again see improvements."

Crye-Leike's Cleveland office had a lot to celebrate about their success in 2013 with several of their agents ranking on the top 125 list of Realtors for the region. Those Cleveland agents named top producers in 2013 were Cindi & Bryan Richardson, Max Phillips and Jannis Sams, Judy and Larry Allen, Philomena and Jim Davis, Eric Spencer, Johnny and Kim Lewis, Tony Young, Margie Lynch, Mike and Sheryl Domeck, Brandy Sams, Tammy Davis, Cindy Chase, Paul Guinn, Gary Silcox and Grace Johnson.

Crye-Leike's Cleveland office is starting off 2014 strong under the continued leadership of Managing Broker Jo Organ who is busy promoting the opportunities in the market right now for buyers and sellers.

"We have great faith in the Cleveland housing market this year thanks to increased sales, business and phone calls," said Organ. "We have some of the most experienced and dedicated real estate professionals in the market with us here at Crye-Leike Cleveland. I have agents who have worked in the industry for 40 years - like myself - and many more Realtors who have been successfully working in the industry for several years. There's a wealth of experience and knowledge here."

The Cleveland office has a sales force of 35 associates with many of them ranking as continuous top producers for the company. The office also had 3 licensed and accomplished Auctioneers. Crye-Leike's Cleveland Realtors are strong supporters of the River Counties Association of REALTORS (RCAR). With a hard working and dedicated sales team, Organ and her fellow associates take great pride in helping people buy and sell real estate.

With the increased sales and the strong momentum the real estate market saw in 2012 and 2013, Crye-Leike Cleveland agents say 2014 is shaping up to be another great year to buy, sell and invest in the future value of real estate. They enjoy helping clients with all of their real estate needs and they stand ready, willing and able to assist even more buyers and sellers in 2014 as they offer some helpful tips for anyone considering listing their home to sell or for anyone shopping for a home to purchase:

BUYING A HOME

Select a Real Estate Professional - Selecting a Real Estate Professional to assist you with the home buying process is VERY important. Because buying a home is one of the largest and most important purchases you will make in your lifetime, you should always consult a real estate professional to assist you. Our sales associates have the expertise, experience and education to help you make good, sound home purchasing decisions. You will work together to find the right home. Your sales associate will notify you when new properties come on the market. He or She can schedule showings, advise you on the real estate process, help you write offers, negotiate terms and coordinate inspections.

Get Pre-Approved/Apply for a Loan - It's important to get a loan officer to pre-approve your mortgage before you start house hunting. A pre-approval is a guarantee that you can qualify for financing to a maximum purchase price and loan amount. This means you can write a stronger purchase offer. In a competitive market, this could mean the difference between acceptance of your offer rather than another buyer's offer. When you apply for a loan, be sure to get a good faith estimate of your closing costs.

Find the Right Home - Search the Internet for property available for sale. You and your Real Estate Agent will search for homes together. Your agent can guide you to the areas you like best. Have fun looking and shopping!

Make an Offer - Once you've found the right home, it's time to write an offer to purchase. Writing the offer is an exciting, emotional and complicated experience. You'll be glad you have an experienced Crye-Leike sales associate at your side to help you through the process.

Order a Home Inspection - A professional home inspection is essential. A professional home inspector sees beyond the cosmetics and surveys the entire house, including structure, roof, exterior and major systems (heating, plumbing, cooling, electrical, ventilation, etc.)

Attend Closing Day - Congratulations, you will soon become a homeowner! Crye-Leike's full service continues right through to the closing day. At the closing, you will settle all the financial details, the title to your new home will be conveyed and usually you will receive the keys to your new home.

SELLING A HOME

Crye-Leike's one-stop-shopping concept and innovative marketing programs makes it easy for you to sell your home for the best price.

Proper Pricing: Your property will generate the most attention and showings in the first weeks it's on the market. For the best results, you should list it at a realistic price right from the beginning. If your price is too high relative to the competition, the right buyers will not even look at an otherwise attractive property - particularly during the critical stage of initial market exposure. Setting the right price before you list is critical to getting the most for your property and selling it quickly. Having a professional with experience in your neighborhood prepare a

Competitive Market Analysis (CMA) gives you the facts and insights to set the right price

Showing Your Home: With a little effort, your home can be sold more quickly and at a better price. Here are 5 ways to show your home at its best.

1. First Impressions Are Lasting...

The front door greets the prospect. Make sure it is fresh, clean and scrubbed looking. Keep lawn trimmed and edged, and the yard free of refuse. Be sure walks and steps are free from debris, snow and ice.

2. Decorate for a Quick Sale...

Faded walls and worn woodwork reduce appeal. Why try to tell the prospect how the home could look, when you can show him by redecorating? A quicker sale at a higher price will result. An investment in new kitchen wallpaper will pay dividends.

3. Let The Sun Shine In...

Open draperies and curtains and let the prospect see how cheerful your home could be. (Dark rooms do not appeal.)

4. Fix the Faucet!

Dripping water discolors the sink & suggests faulty plumbing.

5. Repairs Can Make A Big Difference...

Loose knobs, sticking doors and windows, warped cabinet drawers and other minor flaws detract from home value. Have them fixed.

Home Warranties: Home warranties are very useful, whether you are buying or selling a home. A home warranty policy will pay for the cost of fixing and, if necessary, replacing many systems including heating, cooling, electrical, plumbing, water heaters, ovens, refrigerators, etc. The policy offers coverage against normal damage and is for a set period of time, usually one year. In some cases ceiling fans, pools and even roofs can be warranted.

Crye-Leike, Realtors Cleveland branch office is located at 4627 N Lee Highway, Cleveland Tennessee, 37312. For all of your real estate needs, please contact the office at 423-473-9545. You can also find them and locate a qualified associate on the web at www.crye-leike.com


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For More Information

Joyce Friedman, Vice President
Crye-Leike Corporate Communications
5111 Maryland Way, Brentwood TN 37027
(615) 373-2044 Office | (615) 221-0446 Direct | Email

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