Posts from February 11th, 2011
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11
Auction Biz Heats Up as Market Stagnates - The Memphis Daily News
By Sarah Baker
VOL. 126 | NO. 26 | Tuesday, February 08, 2011
For the most part, Memphis has always been a traditional real estate town with the standard broker-seller relationship.
But that doesn't always work, and oftentimes sellers need the process to happen quicker than the conventional market will allow, said Bill Caller, broker with Crye-Leike Commercial.
Real estate auctions force the market to react. If there's a buyer out there, the seller gains some leverage by setting the date, time and terms. And because it's a cash sale, there's no negotiation, the property is sold as is and the buyer pays the commission instead of the seller in the form of a buyer's premium.
"The auction is the next wave," Caller said. "Five years ago if you would have told people in the real estate business that foreclosures and short sales would be standard ord...
11
Crye-Leike, REALTORS Excited To Be Expanding Into Knoxville Housing Market
The company's first Knoxville branch, its new Farragut office, will be located at 731 Campbell Station Road.
"After 34 years of being in business, Crye-Leike is proud to be opening its doors in Knoxville for the very first time," said Managing Broker Melonie Carideo. "Our President and CEO Harold Crye has been wanting to break into the market for over 15 years now. Our new office in Farragut is already all fired up with a half-dozen agents and we're currently conducting interviews looking to grow our agent count."
Crye-Leike's Farragut office will host a grand opening that's being planned for late March or early April. The office's Managing Broker Melonie Carideo, Office Administrator Cassie Riconoscuito,...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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