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You're absolutely correct. I neglected to include the link to the webpage for the property! Thanks for pointing that out! I have added the link to the description and also include it here for you. Thanks for watching! WEBPAGE: Property webpage: bit.ly/805PunktonRD

Thanks! Actually the signal was clear till I bumped the tuning dial. I tried to retune it and it was too touchy for me to get it reset. Soooooo, I just posted the short, sent a link to Chris and told him I screwed up his tuning and he would have to fix it. I THINK he's OK with that although I did hear him mumble something about sunny beaches! JK of course, Chris and I are good friends! Thanks for watching!

@@EdParrottRealtor haha I love everything about this video even more now 😂

Cheers from Belgium nice content​@@EdParrottRealtor

Thank you, glad you liked it!

What ever works! Right!??

Well, he's a character but then again so am I!! No, fortunately the fart just dissolved into the air! Normally, I don't take him into buildings but since this one looked like a tear down he got to come in with me.

What part of Florida would you prefer? While I'm not licensed in Florida I can put you in touch with a Keller Williams agent in the area you desire.

Good morning Scott. The asking price is 215,000. It is located in Cumberland County on the plateau. You can call me at 865 414-2452 or email edparrott@kw.com and I will be happy to answer all your questions. I was down there visiting and pasted by this place. I have a regular client that runs campgrounds and had made this for him. He lives in Del Rio which is about 120 miles away so he decided that was too far to operate a campground. If you are interested and live out of state I can go back down and get some more detailed video and photos from the road that would be best to use for an entrance.

While this is forest country and a wildfire is a possibility, there hasn't been a fire on this property to my knowledge. There was a fire northwest of Del Rio in 2021: www.fs.usda.gov/detail/cherokee/news-events/?cid=FSEPRD905359

www.realtor.com/realestateandhomes-detail/M9021068222

@@EdParrottRealtor only took over a year to go contingent, definitely wasn’t because it’s overpriced though I’m sure. Curious where the buyer is from though too

Good luck with that

www.realtor.com/realestateandhomes-detail/M9021068222.

The last time I shared the link below the property was under contract. It has since closed so feel free to click the link again to see the closing price. What any real estate is worth is determined by what the market will bear. That means bringing a willing buyer and a willing seller together. This particular property has the privacy and outstanding mountain views the buyers wanted. They will be building their retirement home on top of the ridge. I will be documenting the progress so if you would like feel free to watch the videos as they are posted. As for me being snooty, I think it's you that has a feeling of superiority deciding for other people what that want, can afford and calling them a fool.

Yes indeed! Many people are electing to downsize to tiny homes. This land is unrestricted so tiny homes could be placed there. You would need a state permit for the septic system. This is an example of the land available in the area. If you would like more information or have real estate questions in general please click edparrott.com. I have all my contact information on the website as well as other information you might like.

Thanks Rene! I'm working on another I hope to have out later today or in the morning. I want to provide the information people would like to see. Is there any real estate topic you would like to have me cover?

Well is't not quite THAT bad but you're right financing land generally requires a higher down payment AND the interest rate is higher. Around 8% is what I've heard from mortgage companies that will even do a loan on vacant land. That's what makes this one so attractive at only 5%. Of course there is a five year balloon but by that time the buyer's house will be finished and they will be able to get a regular mortgage. Thanks for watching!

If it's not worth it to you then you shouldn't buy it. There is a property for every buyer and I hope you find the one for you! There is also a buyer for every property and in fact this one just went under contract this morning.

Electricity and fiber optic internet are on the property. For water there are two options. One is to drill a well which based on past clients experience will run around 12K and the other would be to build a holding tank and catch the water from the spring. That is a relatively common thing around here. If I did that I would want to install a UV purifier system in the line just to be on the safe side. The last client that did that got their system for $700 and it is rated to purify 25 gallons per minute. The owner will need a state permit for the septic system which on this property has already been obtained. The septic system has not been built.

0 mature trees. Sucker thicket.

Yep, I’m on the river in Sevierville.

Thanks for watching! You're right! I'm from middle TN originally and have lived from Florida to Alaska during my 70 trips around the sun! I moved to Knoxville in 2001 and after my 95th trip around the sun they can scatter my ashes on Rocky Top!

Thanks for watching Rene! I should have the latest report posted later today.

All the information including price is available on the webpage link in the pined comment above or here: edparrott.com/775-punkton-road

@@alexbernal4988 Sorry to waste your time. You may be interested to know the property went under contract this morning.

Listed at $475,000. More information: edparrott.com/775-punkton-road

There are links in the description for a video on the land along with a webpage giving full details of the land and additional videos. In addition I put the same links in the first comment I pined to this video. One viewer had specifically requested video of the barn so I posted this one. Thanks for watching.

Crime is horribly high! “Crime in Zip 37727 (Del Rio, TN) Crime is an issue in Del Rio, Tennessee, with the violent crime rate being 58.9 which is more than double the US average of 22.7. Property crime is also a problem in the area, with the rate at 82 compared to the US average of 35.4. These numbers are quite alarming and it's important that law enforcement and local community members work together to create a safe environment for all citizens.”

The population of Cocke County TN where Del Rio is located was 36,400 in 2021 (the latest data available). Here is a link to the crime report for 2022 (again the latest data available) from the Cocke County Sherrif's Office as published by the TBI: crimeinsight.tbi.tn.gov/tops/report/violent-crimes/cocke-county-sheriffs-office/2022 If you think ZERO murders, a total of 18 sex offenses and 105 assaults for the year is more than you can risk then I suggest you stay in the big city where you're safe.

And if you think you're going to sell this property with 1 person requesting and video of just the barn then you better hope they're very excited about it.

Here is the link for the property webpage: edparrott.com/775-punkton-road

Hi Darryl, the listing price is $475,000. Here is a link for more information on the property: edparrott.com/775-punkton-road

Thanks for watching! I'm glad you enjoyed it.

I agree, the Fed kept the rates so low for so long it stimulated the market too much. I would like to see the Fed slowly bring the Fed Funds target down to the 2.5% range.

@@EdParrottRealtor I think the problem is not higher rates, I still see 7% as low rates compared to the double digits I have paid in the past. The problem, as I see it, is home costs have skyrocketed in the last few years. The values will probably drop due to market conditions, interest rates just being one of those factors. Housing cost is up 7.2% in the last year, so we are way above the 2% target and double what the reported CPI is. In that environment, I don’t see rates dropping.

@@bruceharkness4497 Absolutely the price of homes has gone up too much too quickly and has in fact out paced inflation. The point I was trying to make at 14:05 in the video is that the Fed is part of the problem at this point. They have gone from one extreme to the other when the Fed effective funds rate was basically zero from 2009 through 2016 before coming up to about 2.4% over the next two years only to drop to zero again till 2020. In 2022 they started their aggressive campaign raising the Fed Funds target rate resulting in the (relative) higher (certainly no where near Jimmy Carter levels) mortgage rates. This has had the effect of discouraging potential home sellers from going on the market when their existing mortgage is in the 3 to 4.5 percent range. Only time will tell what the outcome will be. I am awaiting the result of the FOMC meeting on the 31st and HOPE they AT LEAST pause the rate hikes.

Thank you! Yes, I like to make it easy to find the topics. Hope to see you next week! PS: Is there a real estate topic you would like to see me cover?

In 2019 gas in Knoxville was 1.89/gal well before the pandemic.