Dyersburg Tennessee Area Real Estate Information

Final Residential Sales Numbers For Dyersburg 2011

2012-01-02T09:03:00.000-08:00

As promised, here are the final Dyersburg real estate residential sales numbers for 2011.

First of all let me give you our December 2011 residential sales numbers for just Dyersburg. Last year, Dyersburg's December residential sales were $711,800 verses our 2011 December sales of $1,963,631. That is an increase of 176%. And remember, all of our expected December closing didn't happen. I personally have 2 sales that will probable close this week that were supposed to close in December. My agents also have some of those also as I am sure is the case across the entire MLS.

Now lets compare Dyersburg residential sales for all of 2011 verses Dyersburg residential sales for all of 2010. Last year(2011) residential sales were $13,891,435 and 2010 they were $9,999,708 for an increase of 39%.

Looking further into the sales figures for our entire MLS, Dyer County was off 3% for the entire year verses 2010(this does not include Dyersburg,Trimble or Newbern).
Newbern was off 40% for 2011 residential sales verses 2010.

From all this data, we can see that the City of Dyersburg is beginning to turn the corner for real estate sales but the county and outlying cities are still having trouble.

We Are In the Office Working

2012-01-02T08:04:00.000-08:00

I just wanted to let all my readers know that my agents and I are at work today (Jan 2, 2012)and available to assist you with all your Dyersburg real estate needs.

Most of you are on the last day of your holiday and today would be an excellent time to look at the houses on the market that you have been watching online for some time.

Our direct number at Carousel Realty is 731-285-2277. Call now and let me or one of my agents help you today.

Today is December 30,2011 And Several Closings Haven't Happened Yet

2011-12-30T14:52:00.000-08:00

Today is Friday December 30, 2011 and we have several Dyersburg real estate closings that did not happen yet.

I personally have 3 house deals that were supposed to close this month but small glitches have these closings happening early 2012.

Almost all of my agents have experienced the same problem but we expect everyone of them to close very soon.

Sometime early next week I will write a post giving you the final sales numbers for the Dyersburg real estate MLS for 2011.

Have a happy and prosperous New Year!

December Closings Brisk & Merry Christmas

2011-12-22T14:06:00.000-08:00

Dyersburg real estate December closings have been brisk and I look for that to continue through New Years. I still have 5 properties I am hopeful that will close before the end of the year. Looking at the stats on the MLS there have been many many closings this month with lots more pending including several of my agents' deals .

After the end of the month I will do a Dyersburg real estate 2011 statistics post so come back for that.

This will be my last post before Christmas so let me wish each and everyone of you a Happy and Merry Christmas. Enjoy the time with your family and friends.

Dyersburg Real Estate Statistics For November 2011

2011-12-13T11:42:00.000-08:00

As I promised in my last post, here are the November 2011 statistics for the Dyersburg real estate market.

During the month of November 2011 the residential sales volume for just Dyersburg was $1,149,300 verses $422,000 for the same period 2010. That is an increase of 33%.

For Dyer County(excludes Dyersburg,Newbern and Trimble) the sales volume for November 2011 was $947,500 verses $297,000 for the same period 2010. That is an increase of 300% for those 11 months. The towns of Newbern and Trimble did not fare so well.

I also ran the number for the entire year 2011 through the end of November and they came in for Dyersburg at $11,927,804 verses $9,287,908 for the same period in 2010 which is an increase of 4%. Up until November those stats were down from last year.

I really believe our Dyersburg real estate market has turned the corner. We currently have 20 more pendings due to close before the end of December so we will finish well ahead of last year.

If you are planning a move to the Dyersburg area and need a great real estate team to assist you, call Mike and his sales team at Carousel Realty (731-285-2277).

Dyersburg Real Estate Market "Red Hot" November-December 2011

2011-11-30T14:32:00.000-08:00

The Dyersburg real estate market has turned red hot during the month of November and going into the month of December.

I cannot pinpoint why people are choosing to buy now unless it is just demand that has built up and now is just the time.

Although we are still selling lots of Dyersburg foreclosures, we are also starting to have more "regular home sales" as well.

Part of this business is move-ups and part of it is recent transfers in. I am thank-ful to be so busy and look forward to assisting your family with their Dyersburg relocation. My direct number is 731-589-7841 and my name is Mike Frazier.

If I get a break from the activity in next day or two I will do another post comparing November 2011 to November 2010. I am sure we will see a healthy increase.

Dyersburg Area Lakefront Home Priced "Right"

2011-11-16T09:58:00.000-08:00

I don't normally discuss listings here but could not pass up the opportunity to show you this home in Dyersburg's Lakewood community and right on the water!

Mike Frazier | Carousel Realty | mike@dyersburgrealestate.com | (731) 589-7841

108 Beech Cir, Dyersburg, TN

Nice 5 bedroom home on about 300' of lake frontage. Almost everything new inside and out and priced below market value.

5BR/3+1BA Single Family House

offered at $179,900

Year Built	1985
Sq Footage	2,904
Bedrooms	5
Bathrooms	3 full, 1 partial
Floors	2
Parking	3 Car garage
Lot Size	43,560 sqft
HOA/Maint	$0 per month

DESCRIPTION

Owner added a master suite on main floor that is super nice. Four spacious bedrooms upstairs with none of these over the master suite.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- Walk-in closet	- Tile floor	- Living room
- Office/Den	- Dining room	- Dishwasher
- Refrigerator	- Stove/Oven	- Basement
- Laundry area - inside	- Balcony, Deck, or Patio	- Yard
- Jacuzzi/Whirlpool

ADDITIONAL PHOTOS

Photo 1	Photo 1
Photo 2	Photo 3
Photo 4	Photo 5

Contact info:

Mike Frazier

Carousel Realty

mike@dyersburgrealestate.com

(731) 589-7841

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 20, 2011, 12:58pm PDT

New Tire Plant Set To Open in West Tennessee

2011-11-11T09:36:00.000-08:00

As many of my readers know, Goodyear Tire closed a tire plant in Union City, Tennessee earlier this year displacing about 1900 worker but now the news is that Titan Tire Company has purchased this closed plant along with some other assets of Goodyear and will re-open the west Tennessee tire plant for some production.

Here is a link to an article in the Jackson Sun newspaper discussing this purchase. It is my understanding that possession is going to happen "today".

As I get more information about this acquisition, I will bring it to you here. We all know that the Dyersburg real estate market is directly related to jobs in the Dyersburg area so this is great news for Dyersburg and the surrounding area.

More Job Openings In Dyersburg,Tn Area

2011-11-04T10:32:00.000-07:00

There are more job openings in the Dyersburg,Tn area. Besides seeing several jobs listed in the newspaper here in Dyersburg, there are also job openings at Eaton Corporation in Newbern,Tn and also job openings in Blytheville,Arkansas at Tenaris.

I talked to supervisors at both plants yesterday and both told me they were hiring. The Newbern plant(Eaton) has several job openings and to find out about those go to Eatonjobs.com

The supervisor I talked to at Tenaris told me they are finishing up a multimillion dollar addition and moving in the new equipment. He believes they will hire lots of new people beginning after the first of the year. The Tenaris company link for more information is here.

I always like to share good news for the Dyersburg real estate market and we all know the economy is directly related to jobs.

Exclusive "Free" Foreclosure Site For My Dyersburg,Tn Clients

2011-11-03T07:26:00.000-07:00

A few years ago I got tired of seeing all the foreclosure sites charging for looking at their foreclosure and preforeclosure houses so I created a site that lets you look for free.

I put together a blogsite that has approximately 90% of all the foreclosures that occur in Dyersburg,Tn and the Dyersburg area. Here is that site link to Dyersburg foreclosures.

The other 10% of the foreclosures will be listed by an agent in our MLS and I will write an article on complete with pictures and information when those come up.

The sites that charge have preforeclosures also but I am seeing what is hitting the courthouse steps as foreclosures and have that information readily available and sometimes write posts on my foreclosure site about those as well. If you have an address and want information about that call Mike at 731-589-7841 and I will tell you what I know(at no cost to you).

I would be remiss if I didn't tell you to use due diligence in buying on the courthouse steps or even after the properties are listed. Always use a real estate attorney to search the title and an experienced Realtor to guide you through the process.

I learned two interesting lessons yesterday about foreclosures.

1. When the house is auctioned on the courthouse steps, all the liens except mechanic,fixture or IRS are removed. An investor I know just got stuck with a fixture lien on a house he purchased 3 weeks ago. Now I believe he will do due diligence and have a title search performed before completing any future purchases.

2. The government (HUD foreclosures) does not have to disclose everything they know about the foreclosure they are trying to sell. First of all you cannot have the utilities turned on but have to rely on the inspection HUD had performed. Please use an experienced Realtor who can help you and your attorney dig up any potential problems. Make sure the Realtor asks the listing agent if there is any additional information that they possess and has not been disclosed.

Dyersburg Real Estate Market Conditions Sept. 2011

2011-09-17T10:55:00.000-07:00

The Dyersburg real estate market conditions appear to be turning back positive once again. Although prices are generally 15-20% lower than they were in 2008. Back in late 2007 or early 2008 I did a post here stating that the market here was doing well subject to what happens to the national economy.

That statement would apply today as well. Our market appears to be on the mend but again subject to the national economy.

Although we have had a few plants to close in or near Dyersburg, the balance of the remaining plants appear to be doing quite well and many hiring new employees. I have written several posts about all the new jobs available in Dyersburg.

We have many who are moving into the Dyersburg area for jobs and those who are fortunate enough to have sold their homes back home are purchasing here. Today is Saturday and I am in the middle of negotiating a contract on a home I listed 2 days ago. Not bad huh?
I have a house sale closing on Monday. All of my agents are showing properties and closing on house sales. This kind of reminds me of 2007 and before when sales were doing well. Time will tell!

If you are moving to the area here and need a real estate professional to help you buy your Dyersburg home, call or text Mike at 731-589-7841.

Advice For Sellers when Listing Their Homes

2011-07-05T08:29:00.001-07:00

I always try to make a point that if you list your home, list it for what it is worth and do not shoot the moon.

The common phrase I hear is, "I can always come down". That is true but the longer it is on the market the lower the ultimate sales price will be.

My friend J. Philip has an excellent article here where he studied the relationship of list price to sales price in his NY market but the same principals will hold true for the Dyersburg,Tennessee real estate market.

Dyersburg Real Estate Business Has A New Twist

2011-06-29T12:25:00.000-07:00

Although we are not back to pre 2008 levels, the Dyersburg real estate market is pretty hot right now.

What has fanned the flames(besides pent up demand and record low interest rates) is FEMA(Federal Emergency Management Authority) money has just been paid to homeowners affected(house was totaled) by the recent flooding who were uncovered by flood insurance. Agents in my office and all over town are working with these people to snatch up homes.

Yesterday I tried to get one of my clients in to see a new listing and the listing agent told me she had received a accepted contract from a flood victim 1 hour before I called.

If you are moving to the Dyersburg area and searching online(87% do search online first) you might should contact a good Realtor(like me and my agents) to assist you with your relocation to the Dyersburg,Tn area. My direct number is 731-589-7841.

Dyersburg Pending Sales Not All Closing

2011-05-18T07:16:00.000-07:00

In my last post I told you that our pending sales were up and that is a good sign. Since writing that post, I have seen several pending go back to square one because either the appraiser couldn't find recent comparable sales to support the purchase price or the underwriters just would not approve the buyer. Currently we have lots of willing buyers who are having trouble buying.

I just closed the sale of a Dyersburg real estate deal that took 8 weeks(twice the normal time for conventional) to close. This was supposed to be a slam dunk, credit score of almost 800, beautiful home in town that easily appraised for sales price, buyer going conventional loan and putting 20% down.

I can understand the lenders tightening the standards but now they have gone too far to the other extreme. My agents all have had deals go sour in the last 3-4 weeks because of one of the above conditions happening.

There are some fantastic deals available but please have your credit in order and be pre-approved for a home loan. Some people are finding out that the mortgage industry has changed drastically and mortgages are suddenly harder to acquire for a Dyersburg home purchase.

1st Quarter Dyersburg Real Estate Market Statistics

2011-03-31T15:43:00.000-07:00

As promised a few posts ago here are the first quarter results for sales in the Dyersburg,Tn area.

First of all I said in an earlier post that this quarter would surpass last year but according to these hard numbers that is not the case.

For all the areas that the Dyersburg realtors service, the total sales for the first quarter of 2011 were 64 units and $4,378,090. For the same time last year(2010) the total sales were 78 units and $6,232,262. This would be a decrease of about 19%. I believe part of the reason for the decrease is because the bank lending standards continue to tighten preventing some to purchase that would have qualified in 2010.

The numbers also reflect that Dyersburg and Dyer County fell by 14% and all the other areas had larger drops to bring us that total area 19%.

In Dyersburg the average sales price was $62,832 verses $74,002 a year ago which is a drop of 15%.
I believe what brought the average sales price down so much was the foreclosures here in the Dyersburg area.

One bright spot for the Dyersburg real estate market, the pending home sales appear to be up over this time last year and I believe that is a trend that was just reported nationally.

Dyersburg Official Interviewed

2011-03-29T11:37:00.000-07:00

A couple of days ago I interviewed an official with the city of Dyersburg. He asked me not to mention his name.

He was excited about the different projects currently underway primarily in the final stages of preparation before actual construction begins. Most of these projects are retail in nature. One of these is Big Lots.I will give additional information as soon as it is all public knowledge.

It was also disclosed that an outside firm is close to picking Dyersburg and the new spec building for their plant location. Again, I will disclose that information as soon as it becomes official.

As you can tell, I am excited about Dyersburg's future and proud to live and raise my family here in Dyer County.

New Family Rolling In To Dyersburg Today To Purchase

2011-03-16T13:33:00.000-07:00

Later this afternoon I start working with a family moving here from Paraguay. This family is going to work for our church. Chris will be our new family minister. They have 3 kids and a dog.

Chris and Vicki really need 4 or more bedrooms with 2500+ heated and cooled sq feet, open floor plan, 2 car garage and bonus room or office.

Their price range is between $175,000 and $245,000. If you are considering selling your Dyersburg home please contact Mike at 731-589-7841.

Dyersburg Real Estate Market Is Improving

2011-03-11T09:16:00.000-08:00

Over the last several weeks I have mentioned increased job openings in the Dyersburg,Tennessee and surrounding area. Jobs are normally one of the first leading indicators of economic recovery. As people get jobs they start spending money and also buying houses.

All of my agents are busy showing properties and writing sales contracts and closing deals.

House values had been dropping but it appears that the values have stabilized and homes are selling. I will bring you some hard stats in the next post or two to validate what I am saying.

Another good sign for the Dyersburg real estate market is that the # of new foreclosures hitting the market is declining and also the # of houses selling on the courthouse steps(as part of foreclosure process) is also declining.

Two Restaurants Celebrating Grand Opening

2011-03-02T12:54:00.000-08:00

Today I took both pictures of a celebration of sorts. I took a picture of the new Chick-fil-A opening tomorrow. There were tents everywhere for the people camping out trying to be part of the first 100 crowd.

The other picture was of McDonalds which had streamers everywhere. I guess they are also celebrating this new restaurant opening up right beside them.

Great things are happening in Dyersburg.

Chick-fil-A Opening In Dyersburg

2011-02-24T08:50:00.000-08:00

In case you haven't noticed, the new Chick-fil-A is almost ready to open. I just got a contact from someone inside the PR company promoting the restaurant opening asking me to remind my readers of the grand opening and deal for first 100 customers.

Here is that note from her:

Just found your great blog and thought you might want to share this good news with your readers. Wanted to be sure you knew about the grand opening of the stand-alone Chick-fil-A restaurant in Dyersburg at 2440 Lake Rd. on March 3.
Your readers will be interested in knowing that Chick-fil-A will celebrate this grand opening by awarding a one-year supply of free Chick-fil-A® Meals (52 certificates) to each of the first 100 adults in line, age 18 and older with identification, at the new Dyersburg restaurant. The line officially opens at 6 a.m., Wednesday, March 2, with the free meal cards being awarded Thursday, March 3, sometime between 6 a.m. and 6:10 a.m. The restaurant will open for business immediately thereafter. If there are more than 100 people by 6 a.m. on Wednesday, all 100 spots will be determined by a raffle. See http://www.chick-fil-a.com/Locations/First-100 for complete rules.

This is always an exciting event full of interesting people – some travel around the country to be part of the grand openings and they have some great stories to share! Since it tends to fill up fast, we want to be sure the Dyersburg community is aware of this event.

People usually arrive more than 24 hours in advance of an opening, carrying tents, lawn chairs, computers, TVs, couches and all kinds of other gear to make their wait more comfortable and entertaining. Wednesday will take on a tailgate type atmosphere complete with dancing, food, games, and prizes for those camping out.

Heather Adams has been selected as the franchisee to operate the new location. Heather and her Chick-fil-A team members look forward to building strong relationships in the community through the new stand-alone restaurant. It seems to be a family tradition for Heather to be a Chick-fil-A operator with her mother and three brothers all operating Chick-fil-A restaurants.

Please let me know if you need any other information. Have a great day!

--
Anne Lerner
CP Communications Inc.
770-883-4271
annelerner@cpcommunicationsinc.com

Still More Jobs In the Dyersburg,Tn Area

2011-02-10T14:34:00.001-08:00

Over the last few days numerous companies have been advertising jobs in the local paper. I want to share those with you here because Dyersburg area jobs directly affect the Dyersburg real estate market.

1.Briggs & Stratton hiring under Life Style Staffing(office at plant 750 Hwy 77 Newbern) openings include assembly,fabrication,paint line and forklift.

2.NSK Steering Systems in Dyersburg- opening is team leader 2nd shift. Address is 2962 Fort Hudson Road e-mail address for job inquiries is DespainL@nssa.nsk.com

3.Cableone in Dyersburg is looking for direct sales representatives. Apply online at www.cableone.net

4. Reporter for the State Gazette newspaper in Dyersburg. To inquire contact: srouse@stategazette.com

5.Volunteer Home Care needs private duty LPN's and CNA's for Dyersburg area. For info contact Jennifer Armstrong 731-285-4396

6.Super D in Dyersburg is looking for sales associates. 1502 Brayton Ave.

7.Noranda in New Madrid,Mo looking for a sales administrator. Mail resume to Noranda Aluminum C/O Compensation, Benefits & HRIS Supt./Sales Admin. P.O. Box 70 New Madrid,Mo 63869

8. The Bridge at Ridgely nursing facility is looking for CNA's on all shifts. Phone # is 731-264-5555

9.Pemiscot Memorial Health Systems looking for experienced full time Registered Nurses. 573-359-3625

10. Hamilton-Ryker temporary agency just relocated to Dyersburg and has jobs available. 640 Hwy 51 East Bypass Suite G. Phone 731-287-3003

If you are relocating to the Dyersburg area and need help with housing(either a purchase or rental) please call or text Mike at 731-589-7841

Dyersburg's Excel Polymers Now Part of Sweden's Hexpol AB

2011-01-25T09:13:00.000-08:00

A few weeks ago we heard about our Excel Polymers being purchased by a foreign company. I have been doing lots of digging and this is going to be great for Dyersburg.
Here is a link to the story of the Dyersburg acquisition.

Since I grew up in Dyersburg and returned to Dyersburg after serving in the Air Force, I pretty well know the people who also grew up in Dyersburg.

There are a couple of former Dyersburg guys who are already working for this new company and are actually corporate executives with Hexpol AB North America. Tracy Garrison and Randy Simpson both worked here in Dyersburg at the rubber company before leaving for other rubber manufactures.

I have it from a good source that now Hexpol Dyersburg is bringing in more top executives(some that worked here previously) to work in the Dyersburg plant. I suspect that they also will continue hiring hourly workers. They rehired one of my renters who had been layed off before the new company purchased the plant. He says he is getting all the overtime he wants. Guess I will just have to sell him a house.

This will influence the Dyersburg real estate market in a positive way and also help the employment situation.

With all the bad publicity about Dyersburg lately(most of it unfounded) I am sure the pundits will not mention this good news for Dyersburg.

Before I close I just want to restate that I believe Allen Hester and the local chamber staff are doing a great job under difficult circumstances.

Dyersburg Area Jobs Turndown Doesn't Always End With No

2011-01-18T08:15:00.000-08:00

I have a friend who I referred to Eaton Corporation in Newbern for a job and they sent him a denial letter saying they did not need his services. I talked to my contact at Eaton and told him over and over what a mistake they were making. He worked many years at the now closed up World Color plant.

My guy kept applying and they just hired him. I guess perseverance can pay off so if a plant tells you no you keep telling them you are the man or the woman for the job.

I noticed in the local paper that there are more Dyersburg jobs being advertised.

Briggs and Stratton has openings for assembly, forklift, and press.They hire thru Life Style Staffing and their number is 731-627-1335.

NSK Steering Systems is looking for a mechanic for 2nd shift. A technical certificate is required as is 2 years related experience. Send your resume to browna@nssa.nsk.com

The Bridge At Ridgely(long term facility) is looking for certified nursing assistants for all three shifts. their number is 731-264-5555

Peebles Dept Store(in Dyersburg mall) is looking to hire a full time Clinique Beauty Advisor. You must talk to Wendy Fisher(store manager) to apply. My sister in law held this job a couple of years ago until going to work with her husband and she just loved it there at Peebles.

Lupo's Italian restaurant in Dyersburg is looking for servers and you must apply at the restaurant.

Last, Fastenal is looking for a sales support person. Bring your resume to 1601 Forrest Street in Dyersburg.

The Dyersburg real estate market is doing much better and it is because of the jobs picture in Dyersburg improving.

Call me if I can assist you with your relocation to the Dyersburg area. I can assist you with rentals or purchase. My direct number is 731-589-7841.

Still More Dyersburg Tn Area Jobs Available

2011-01-11T08:00:00.000-08:00

This morning I contacted my Eaton guy to recommend a friend to them for a job. He thanked me and said keep them coming. He has over 40 more positions they hope to fill in the coming months. I did a post earlier about the jobs there and here are the qualifications listed on that post.

You must have 1-3 years manufacturing experience, good problem solving abilities,able to work in a fast paced environment and have either a high school diploma or GED.

Go to www.eatonjobs.com to sign up for a job interview at Eaton Corporation in Newbern,Tn 38059.

And remember, the agents at Carousel Realty can assist you with rentals and home purchases. Our direct number is 731-285-2277.

Dyersburg Real Estate Market Improving But Still Some Problems

2011-01-07T13:40:00.000-08:00

For the last 3-4 months the Dyersburg Real Estate market has been showing signs of improvement. However, there are still two problems plaguing the Dyersburg real estate market. Actually there are three but the foreclosures appear to be on the decline so I am not counting those.

1. Our biggest problem is finding comparable sales to support the increasing number of regular or normal(non foreclosures) house sales. It is one thing to write a contract and both buyer and seller agree to the terms but it is another thing just trying to find normal comparable sales within the last 3-6 months. The appraisers have to have 3 sold comparables and 3 listed comparables. This problem will probable last for at least the next year as house prices creep back up.

2. Our second biggest problem is buyers who still think the real estate market is not turning and they can still "steal" properties. Folks, we have bounced off the bottom and the real estate market in Dyersburg is going back up.

Aviation Repair Technologies to expand its Blytheville facility

2011-01-07T09:16:00.000-08:00

I always love to bring good news about jobs so here are more jobs coming to the area.
Aviation Repair Technologies(ART) just announced January 5, 2011 of their plans to expand their aviation repair facility at the old Blytheville Air Force Base in Arkansas. Their current employment there of 300 is expected to double pretty quickly as they invest about 10 million dollars to expand.

Here is a link to where I got all my information.

Dyersburg Real Estate News and Information

2010-12-29T12:00:00.000-08:00

What is the best single source of Dyersburg real estate news and information? Since April of 2005 I have been blogging about the Dyersburg real estate market and the local news and information that affects it. If you get a chance, look back at my posts over the last few years.

Dyersburg has had its ups and downs but overall we continue moving forward. I believe a part of this forward movement is due to a great chamber of commerce and staff that leads our chamber.

As you can see, I am bullish on Dyersburg and I am excited about our future.

New Store Coming to Dyersburg Mall

2010-12-28T14:50:00.000-08:00

About a week ago a guy called about renting an apartment and I asked him where he works. He told me he was coming to the Dyersburg Mall to remodel the space previously rented by Goody's Dept.Store.

He told me the name of the new store coming is Burke's Outlet. I told him I have never heard of it and he asked me if I have ever been to Bealls or Beall's Outlets in Florida. I told him my wife and I travel to Destin quite a bit and she shops at Bealls there and just loves it. He told me if she loves Bealls just wait till Burkes opens in a few short weeks. Here is a link to the company that owns both stores.

With this new store comes more jobs to Dyersburg and that is always a good thing! Remember you heard this great news here first.

Looking For a Foreclosure Deal Near Dyersburg?

2010-12-23T09:06:00.001-08:00

I just ran across a new Hud foreclosure close to both Bogota and Ridgely,Tn. I did a post about this Dyersburg area foreclosure over on my Dyersburg Foreclosures website. Here is a link to that post and foreclosure.

Number one Realtor® in Dyersburg,Tennessee

2010-12-20T08:11:00.001-08:00

I just clicked on Google and entered the phrase Number one Realtor® in Dyersburg,Tn and wasn't surprised by the results. Fifteen minutes after doing this post Google replaced my number one position by this post.

The reason my blog is at the very top is because of all the good quality Dyersburg real estate information I publish online.

Are you looking for a number one Realtor® in Dyersburg who knows the pulse of the real estate market?

Dyersburg Real Estate Is My Business

2010-12-19T13:57:00.000-08:00

Since 1992, I (Mike Frazier) have been actively working in the Dyersburg real estate business. Carousel Realty Company was formed in 1998 as Dyersburg's premiere real estate team where the customers are always #1.

For the last 12 years these Dyersburg real estate professionals have striven to make customer service a top priority and "always" put our client's interests ahead of our own. Sometimes we have even advised our clients not to purchase a particular property if the end result is not what is best for them.

If you are relocating to the Dyersburg Tennessee area and need a knowledgeable Realtor to help you locate your next home, give these Dyersburg professionals a call at 731-285-2277. You will be glad you did.

Merry Christmas From Dyersburg Real Estate-Mike,Jackie,Renee,Will,Karen,Joanne,Gene and Donna

2010-12-17T13:29:00.000-08:00

Merry Christmas from Mike and staff at Dyersburg real estate(Carousel Realty). I wanted to make sure I got this post off before I get any busier before Christmas. We are wishing you and yours a Merry Christmas and prosperous new year.

Dyersburg Real Estate Activity Rushing To Close Out Year

2010-12-17T11:00:00.000-08:00

The Dyersburg real estate activity is rushing to close out year end. I don't remember ever having the last half of December being so busy. I have two separate deals with the buyers and sellers rushing to close.

The biggest reason for one of my buyers rushing is because of his interest rate lock. He locked in his rate for 30 days and the rate has gone up one percentage point since the lock was set.

In the Dyersburg real estate market statistics post I did a few weeks ago I indicated this year would match last year but it just might surpass the sales of 2009 due to this late surge of activity.

More Dyersburg Tn Area Jobs Available

2010-12-15T12:24:00.000-08:00

As is my custom I always try to post information here about jobs available in the Dyersburg,Tn area. The Dyersburg real estate market is directly affected by available jobs in the Dyersburg area so here is my way to help(just a little) people trying to find work in the Dyersburg area.

Eaton Corp in Newbern,Tn is hosting a jobs fair soon. To be invited you must have 1-3 years manufacturing experience, good problem solving abilities,able to work in a fast paced environment and have either a high school diploma or GED. To apply for the job fair just go online at eatonjobs.com and submit your resume.

The Newbern First United church is looking to hire a pianist and also a worship leader/choir coach. The salaries are based on experience. Contact 731-627-3386.

A company in Blytheville,Arkansas is looking for full time Electrical maintenance technicians. If interested send a resume to 5974 East state Hwy 18 in Blytheville, Arkansas 72315 or e-mail james.stewart2@heritage-enviro.com

Noranda Aluminum in New Madrid, Missouri is looking for a senior buyer for their purchasing department. Mail resumes to Noranda Aluminum, Inc. C/O Compensation, Benefits & HRIS Supt,/Sr Buyer P.O. Box 70 New Madrid,MO 63869

Briggs & Stratton in Newbern,Tn 38059 has immediate openings for assembly, fabrication, paint line and forklift. Their temporary agency is Life Style Staffing and their phone number is 731-627-1335.

As always, if I can assist you with your relocation to the Dyersburg area please call or text me at 731-589-7841. We also have short and long term residential rentals available.

Editing Post That Allows You To Search For Houses In Different Subdivisions

2010-12-10T14:29:00.000-08:00

I have spent most of today working on my post(and link) allowing you to search for homes in specific subdivisions or neighborhoods.

If you don't see a particular subdivision or neighborhood that you want to search for homes in, please let me know and if it is in our Paragon system I will be glad to add it.

Dyersburg Area Subdivisions & IDX House Search

2010-12-09T08:07:00.000-08:00

Welcome to the Dyersburg area subdivisions home search w/IDX. If you know the subdivision you want to live in, just click on its link down below to see everything listed in the MLS for that area.

Dyersburg's Lakewood subdivision

Lakewood Blog

Camelot subdivision off Upper Finley Road

Castleton Estates Off Upper Finley Road

The Farms

The Farms 2

Also Part of The Farms 2

Farms Twin Oaks

Lattawoods

North Fork

Cottonvilla

Rolling Meadows

Edinburgh Subdivision

Lake Luanna

Saddleridge Subdivision

Countryview Subdivision

Palmer Subdivision

Heathridge Subdivision

Old Pioneer & part of The Farms

Near Dyersburg-Three Bedroom Rental Home

2010-12-07T12:11:00.000-08:00

My tenant just moved from 127 Glenwood Road. This is a three bedroom 1 bath recently remodeled home near Dyersburg,Tennessee.

This Dyersburg area house rental is available today for $600 a month with $400 deposit. Your kids will love the area since so many children live in this neighborhood.

Call Mike today at 731-589-7841 to see this home and to make this home your home for the next year.

Dyersburg Real Estate Market Sales Statistics 2010

2010-11-30T11:27:00.000-08:00

I may be jumping the gun by 3-4 hours but I wanted to bring you the Dyersburg real estate market sales statistics for the first 11 months of 2010 verses the same period last year.

First of all, total sales for the Dyer County Board of Realtors for first eleven months of 2009 were $60,105,076. As of today the 2010 numbers are $59,776,494. Two of my agents told me 2-3 of their HUD foreclosure sales were not counted in that total so I am calling it a statistical tie with last year. With sales pretty slow in the first half of the year, it appears that the last half picked up considerable.

Total houses listed in 2009 was 593 and number sold was 305 with 51.43% sold. Total houses listed in 2010 was 592 and number sold was 296 with 50% sold.

In 2009 average sold price was $91,629 and 2010 it was $92,399. In 2009 the average days on the market of sold listings was 155 and in 2010 it was 133.

Carousel Realty(my company) was in the #3 spot(out of 10 companies) for total sales at $6,658,168.

We continue to see quite a few foreclosures but not as many as this time last year.

My agents and I hope you had a great Thanksgiving and would like to wish you a Merry Christmas and a happy and prosperous new year.

Mennonites Wanting to relocate to the Dyersburg,Tn Area

2010-11-23T14:35:00.000-08:00

I just got off the phone with a Mennonite and a committee up in Lancaster County Pennsylvania is trying to locate fertile farm ground for Mennonites to purchase and relocate to in the Dyersburg,Tn area.

If you own farm land in the Dyersburg/Dyer County area or in surrounding counties and are considering selling then this is your golden opportunity.I have a friend in Lancaster County Pennsylvania who tells me these people pay cash for what they purchase. Farm land is now going for up to $10,000 an acre in Pennsylvania but when my Mennonite contact heard me tell her $3500-$4500 an acre for fertile ground here she really got excited.

I cannot think of a group of people I would rather have as neighbors than the Mennonites or Amish. My staff and I are getting information together and are e-mailing much of it to them. Call me if you want them to look at your farm for purchase. It has to be fertile ground. My direct number is 731-589-7841.

Dyersburg Historic Low Mortgage Interest Rates Will Soon Be Gone

2010-11-22T14:22:00.000-08:00

Normally I don't talk much about interest rates but when I got an e-mail from Roger Bell this morning it made me think about where rates are headed!

Conventional 30-year 4.375%
Conventional 15-year 3.75%
FHA 30-year 4.25%
VA 30-year 4.375%
Rural Development 30-year 4.5%

Take a good look at these rates because these will soon be headed back up. The Federal Reserve says our economy is growing too slowly so they have decided to spur inflation. Every time we have inflation interest rates go up. I will never forget the inflation that hit in the 70's when Jimmy Carter was president. Mortgage rates almost hit 20%. I don't believe that will happen this time but I do believe it will be several years(if at all) that we see rates below 7 or 8% again.

If you have been sitting on the fence waiting to buy, you better jump now or remain on that fence for a long time to come. Now is by far the best time to purchase Dyersburg real estate and lock in these low rates. Home prices are down, interest rates are down and now you need to jump down to take advantage of the current market.

Call me now to start the home buying process! Mike Frazier 731-589-7841

Update: 12/2/10 Rate sheet
Conventional 30-year 4.75%
Conventional 15-year 4.0%
FHA 30-year 4.625%
VA 30-year 4.625%
Rural Development 30-year 4.75%

Update December 13th, 2010

Conventional 30-year 4.875%
Conventional 15-year 4.25%
FHA 30-year 4.75%
VA 30-year 4.75%
Rural Development 30-year 4.875%

Update December 29th, 2010

Conventional 30-year 5.0%
Conventional 15-year 4.25%
FHA 30-year 4.75%
VA 30-year 4.875%
Rural Development 30-year 5.0%

Crayola Not Coming to Dyersburg

2010-11-22T09:03:00.000-08:00

A few weeks ago, Allen Hester(Chamber President) spoke to the board of Realtors about economic activity in Dyersburg. At that time he mentioned a rumor going around about Crayola purchasing an existing building and relocating a plant here in Dyersburg.

Allen has called the Crayola Corporation to either get the rumor confirmed or denied. Crayola told him that they are not locating a plant here in Dyersburg.

I do however continue to work with several new families moving into the area to work at existing plants who are expanding their operations.

If you are a new family relocating to Dyersburg with a job, I would be happy to assist you with your relocation to our great city of Dyersburg. I can assist you with rentals or help you find and purchase a home. My direct number is 731-589-7841.

Clients Asking Me To Take Videos For them

2010-11-19T14:38:00.000-08:00

I have some out of town clients who found me on the internet to ask me to video some properties inside and send them the links. I am able to do that with my flip video camera and I edit and publish the finished product on youtube.

Here is a video I did yesterday for a client.

If you are contemplating a move to the Dyersburg area and want more than traditional Realtors are willing to provide, just call or text me at 731-589-7841.

Very Busy Week With Clients Ends Tomorrow

2010-11-12T15:21:00.000-08:00

This is the first time in quite some time that I have shown Dyersburg real estate almost everyday of the week. I still have some second showings tomorrow morning.

On Monday my family moving here from central Kentucky came down and the wife looked at property with me while the husband completed his final job interview at a plant here.They have 6 kids so we only looked at the larger homes. We have not decided on one yet and the wife will be back in a few days to look some more. They really need at least a 6 bedroom and the price range is between $200,000 and $285,000.

On Tuesday my middle Tennessee family came in to look and they have narrowed down their list to 2 properties. We go back tomorrow to make the final selection.

On Wednesday a doctor and his family came in and we looked at property and they have made their final pick.

On Thursday my clients from Natchez, Mississippi came in and we started looking at property at 2pm. I could not start any sooner as I had to march in the veterans parade and then eat at the national guard armory with the vets. However, this family narrowed their final list down to 3 and I am sure they are having a hard time deciding which one to buy.

Today, I caught up on my e-mail and also helped my maintenance man change out a water heater in one of our rental apts.

Tomorrow I wrap up the week hopefully with another contract and happy clients.

If you have a 6+ bedroom house you are considering selling, I have the client so call me or text me at 731-589-7841.

New Client Looking for Classy 4 Bedroom House in Dyersburg

2010-11-10T09:46:00.000-08:00

A few days ago a new client called me and announced she would arrive in Dyersburg tomorrow and she is looking for a 4 bedroom classy house. I asked her what she meant by classy and she said a older house with lots of curb appeal, mature trees and a garage not on the front of the house. The price range is between $120,000 and $190,000.

I have several houses set up for her to see but if you want to get on my list of Dyersburg real estate to show her please let me know today if possible.

Please contact me directly at 731-589-7841.

Clients Moving to Dyersburg Looking for Information

2010-11-09T13:12:00.000-08:00

Two different new clients have contacted me in the last 7 days to tell me they are relocating to the Dyersburg Tn area and I am the only one they are finding online providing quality information about the Dyersburg real estate market.

I have been blogging for almost 10 years now and I have written a lot of information trying to assist people with Dyersburg relocation information.

The call yesterday told me she has been reading my blogs for quite some time and feels like she already knows me.

If you are looking for an experienced agent to help you gather information to make an "informed" Dyersburg real estate purchase, then look no further. My cell number is 731-589-7841.

West Tennessee River Port Now Fully Funded

2010-11-04T09:55:00.000-07:00

As I mentioned in my last post, the proposed river port in Lake County has received the final monies needed to get the project underway.

Here is an article carried by the state gazette newspaper and the associated press.

Associated Press - November 3, 2010 1:35 PM ET

DYERSBURG, Tenn. (AP) - A new port in Lake County is now fully funded. Construction can begin as soon as the port authority receives the guidelines for using the $13 million in federal grant money it received.

Northwest Tennessee Port Authority Chairman Jimmy Williamson made the announcement on Monday after the authority secured the final $3 million for the Port of Cates Landing. The State Gazette reports the money will come from state matching funds. Gov. Phil Bredesen had already earmarked $4 million for the project.

The port on the Mississippi River is projected to cost $20 million total.

Williamson thinks the port should be completed within 18 months once construction starts.

An economic study from Middle Tennessee State University found the port should bring 1,700 jobs to the region and retain 2,293 related jobs.

Dyersburg Chamber President Speaks at Realtor Luncheon

2010-11-02T11:59:00.000-07:00

Yesterday Allen Hester spoke at our Dyersburg Board of Realtors luncheon/meeting. He spoke about 30 minutes and shared lots of information about the growth of Dyersburg and potential industry relocating to Dyersburg.

Let me share some of his thoughts here:

1.There are 6 different potential companies looking at our spec building in the new industrial park. Lots of information about Dyersburg has been shared with all 6 and he is hopeful one of these will commit soon. He also mentioned a rumor he heard but
but so far unable to confirm that Crayola is looking at the former world color building in Dyersburg.
2. There are 4 plants already in Dyersburg with imminent plans for expansion(says he is sworn to secrecy)
3. New prospect activity has already almost double from this time last year.
4. Excel Polymers factory just sold to another company.(my-Mike's sources inside and out tell me this is a win/win deal)and they have added 20 new jobs since Jan 2009
5. Sun Products Corp(former Huish detergents) has added 55 new jobs since Jan 2009
6. NSK Steering systems(here a couple of years now) has added 62 new positions since Jan 2009
7. ERMCO Transformers factory has added 5 new jobs since Jan 2009
8. Firestone(makes car parts) added 9 new jobs since Jan 2009
9. Colonial DPP(rubber plant) has added 23 new jobs since Jan 09
10. Nordyne(new plant here about 6-7 yrs ago and makes central AC units) has added
146 new jobs since Jan 2009
11. The river port just north of us is now being funded and constructed.
13. Interstate I69 is under construction and planned to come through Dyer
County close to Dyersburg
14. There is a mega site purchased and paid for in Haywood County with 3400
acres and when a car company or other industry builds here many employees will
live and shop in Dyersburg
15. Heckathorne Off Road Products has bought the former Thomas Industries building
because they have outgrown their current location

As you can see I am pretty excited about Dyersburg(as is Allen) and believe we have a bright future. Allen did not mention the growth going on in Newbern(8 miles northeast of Dyersburg and part of Dyer County. Briggs and Stratton and Eaton Corporation have both been hiring new employees. He also failed to mention the steel related industries just across the river who have been employing so many people who live in Dyersburg.

We have a very active Dyersburg/Dyer County Chamber of Commerce and a great president leading our chamber. Allen, if you read this thanks for all your hard work and for speaking to us yesterday!

If you are moving to Dyersburg and need help with your relocation, please give me a call at 800-896-8016 or text me at 731-589-7841.

Dyersburg real estate and more right here

2010-10-22T07:21:00.000-07:00

Although my main job is helping people find and buy Dyersburg real estate(also have temporary housing), more and more people are calling me about the jobs I have been mentioning in previous posts.

These calls are giving me the opportunity to talk to these people and encourage them about jobs here in the Dyersburg area.

One of my good friends is a headhunter in Jackson,Tn and he told me yesterday about some engineering related jobs he is trying to fill near Dyersburg. Call me if you want me to hook you up with Jamie about an engineer type job(one of them is a quality control engineer). Don't forget that another of my friends is still trying to fill some positions at Eaton in Newbern. I can hook you up there as well.

The Dyersburg real estate market appears to be heating up(usually starts slowing down about now) and although almost half of the sales are foreclosures, many more are to people relocating to the Dyersburg area with jobs. About half of these people moving here are going to work just across the river in steel related businesses.

I look forward to talking to you about your relocation to Dyersburg,Tennessee and you can reach me at Carousel Realty 731-285-2277 or on my cell phone 731-589-7841.

More Jobs In Dyersburg,Tn 38024

2010-10-08T09:19:00.000-07:00

This morning I got an e-mail from the Chamber of Commerce here in Dyersburg advertising an approaching job fair at Sun Products Corporation here in Dyersburg. More jobs in Dyersburg is great news!

The job fair will be held on Saturday October 16th, 2010 from 9am-1pm at the plant location(2450 Huish Road in Dyersburg).

Here are the jobs they are looking to fill:

Process Operations
Raw Material Operators
Forklift Operators
Mechanics
Case packers
Packaging Filler Operators
Time Lead Positions
Supervisor Positions
Electricians

After you get hired, call me or one of my staff if we can assist you with relocating to the Dyersburg area. We can assist you with rentals or a home purchase. Our phone number is 731-285-2277.

Dyersburg Real Estate Market Sales Increasing

2010-10-04T12:13:00.000-07:00

For the last 6 or 7 weeks the Dyersburg real estate market sales have been increasing. I would like to say it is because the national economy is recovering but I do not believe that to be the case. I do believe however that there are signs of life in the local economy as 2-3 local plants have been hiring and steel mill related plants across the river have been doing pretty well.

I really believe the current business is mostly just pent up demand and record low interest rates. I did close a nice home sale on Friday to the controller of a local plant. He moved here almost a year ago and has been renting from me until the right deal came along. His interest rate on a 30 year mortgage is around 4%.

Perhaps you are moving to the Dyersburg area but not quite ready to purchase until you find that "perfect" deal. We can help with a rental(like we did for the guy up above)until you get to know the area and are ready to "jump".

New Listing In Camelot Subdivision

2010-09-21T14:21:00.000-07:00

Because it is so hard to find a great deal on a home in a newer subdivision, I wanted to mention this home to my readers. This 3 bedroom 2 bath home has a fenced in backyard,nice outbuilding, formal dining room as well as a eat-in kitchen.

All the floors have recently been recovered with either laminate, carpet or vinyl and all are in perfect condition. The roof was replaced a couple of years ago and this home has 1518' heated and cooled area and a 2 car garage. Here is a video I shot of the inside of this home.

Camelot subdivision is located off of Upper Finley Road and this house is in a cul de sac at the end of Sir James. Priced right at $118,900 this home should sell in the next 60 days.

Update: 06/22/11 This home has been painted inside to a neutral color. This home has been reduced to $116,500 and is still on the market.

Twitter this listing to your friends!

Newbern,Tn Subdivision-Crowne Pointe Estates

2010-08-26T11:29:00.000-07:00

Yesterday I wrote another article about a Newbern,Tn subdivision called Crowne Pointe Estates.

I got excited about this upscale subdivision because after pulling comparable sales for the neighborhood I found out that it is very comparable as a whole to the values found in Dyersburg's "Farms" neighborhood.

For anyone working in Newbern,Tn 38059 and looking to buy in the price range $160,000 and up,this is the first place I will take them. This neighborhood's values have not declined as a result of the economic downturn which helps me see that Crowne Pointe Estates is hot,hot,hot!

New Dyersburg Pharmacy

2010-08-23T14:42:00.000-07:00

Earlier today I did a post about a new independent pharmacy in Dyersburg. C&C Pharmacy just opened its doors and has their grand opening on Thursday Sept. September 9th. To read the entire informational post please click here.

If I can assist you with your relocation, give me a call. Mike Frazier-Realtor
731-589-7841

Dyersburg Real Estate Mortgage Rates Still Fantastic

2010-07-27T10:02:00.000-07:00

Everyday Roger Bell from First State Mortgage sends all the Realtors the interest rates for all the major loan products his company offers to customers.

The rates for mortgages to buy Dyersburg Real Estate are just fantastic. Here is the e-mail from today.

Conventional 30-year 4.5%
Conventional 15-year 3.875%
FHA 30-year 4.5%
VA 30-year 4.5%
Rural Development 30-year 4.625%

Roger Bell
First State Mortgage
Mortgage Banker
731-286-4474 office
731-286-4341 fax
731-676-3475 cell
rogerbell@first-state.net

Jobs, Jobs, Jobs in Dyersburg Tennessee

2010-07-02T16:04:00.000-07:00

There are starting to be a lot of job openings up in Dyersburg and the surrounding area.

One of my real estate agents just left to work for Sun Products here in Dyersburg. Sun Products makes laundry detergent. They are so busy with new orders that they have been hiring all the "qualified people" they can find. They are having a Dyersburg Job Fair this July 10th(Saturday) at the Sun plant.

Another company that I have mentioned before is Eaton Corporation in Newbern,Tn(8 miles north of Dyersburg). My good friend Darrell Allgood is one of the management people there and he told me just yesterday that they are still hiring "qualified" people to help them with all their international business. I referred a great management type guy to them who they have hired. Both Darrell and the guy hired came in to personally thank me for helping them hook up.

What I mean by "qualified" is someone who has worked in a factory before and has a good work record and good health.

I just got off the phone with a friend who works at Nucore Steel in Blytheville,Arkansas. He says their order books are filled up and company doing great and never really quit hiring people. There are several other plants located near Nucore who either work for Nucore or buy their product. I am sure they are doing great as well.

With World Color closing at the end of the year I am sure many of those employees are finding employment at Sun and at Eaton and quite possible across the river at one of those plants.

If you are considering a move to the Dyersburg area, there are jobs available so please call us to help you either purchase or rent. we can help you with both.

Dyersburg real estate mortgage rates have dropped!

2010-07-01T10:05:00.000-07:00

Roger Bell with First State Bank sends out an e-mail daily with current interest rates for all the loan products they offer. Here are the rates today that they are offering for qualified borrowers/purchasers of Dyersburg real estate.

30 year conventional 4.625%
15 year conventional 4.125%
30 year FHA 4.5%
30 year VA 4.625%
Rural Development 4.75%

If you have considered buying a home, there might not be a better time to buy and get these low rates for your mortgage. Many experts believe rates will start(very soon) going up pretty quickly.

Dyersburg Real Estate Market Heating Up

2010-06-03T08:39:00.000-07:00

For the last couple of weeks it seems that all of a sudden houses are selling in all price ranges. I did not expect this with the tax credit ended last month but I guess pent up demand as well as record low interest rates is beginning to drive this market.

When I pull up a MLS listing with another company and call to check on it, often times it just came under contract. I just closed a house last week and all of my agents are closing houses this week and next. Also, we are all working like crazy showing properties and writing contracts.

It is almost like a faucet was opened and the Dyersburg Real Estate Market started pouring out.

I will return here in the next 30 days with some hard numbers to show what is going on in the Dyersburg market.

Fema Money Coming Into Play In Dyersburg Real Estate Market

2010-05-20T09:13:00.000-07:00

Yesterday many displaced (by recent flood) Dyersburg homeowners and tenants received checks from the federal government for amounts ranging from $6000 to $20,000(some could be higher) to be used for living expenses.

Some of these people are calling or coming into the office at Carousel Realty with hopes of getting homeowners to finance their houses for sale. Many of these plan to use most of their (FEMA money) as a down payment.

This could spur the sales of the lower priced homes on the market in the Dyersburg real estate area.

Some of the displaced are choosing to just rent. Carousel Realty can assist both rental clients and homebuying clients. Call Mike today at 731-285-2277 if you want to sell or buy your home or if you are in the rental market(we have houses and apartments for rent).

Dyersburg Area IDX Search

2010-05-17T13:54:00.000-07:00

As one of Dyersburg's leading Realtors, I am always looking for ways to help my clients. Here is an IDX link to the Dyer County MLS where you can search for residential,land,commercial,industrial and multi-family.

After you see some properties you like then contact me to get further information or to view the property.

This search link will allow you to search for properties in Alamo,Crockett county,Dyer County,Dyersburg,Gibson County,Halls,Lake County,Lauderdale County,Newbern,Obion County,Ripley,and Trimble.

How's the Real Estate Business doing in Dyersburg,Tennessee?

2010-04-29T10:46:00.000-07:00

I have 8 or 10 people a day ask me how the real estate business is in Dyersburg. My response is we are booming but ask me again after this tax credit period ends this Friday night.

In addition to our clients chasing the tax credit money, we still have alot of people chasing good deals in the foreclosure market. I am seeing a slight decline in the foreclosures hitting the market here.

My guess is that our business will fall off some after tomorrow but should continue to be better than this time last year.

Feature Listing For Dyersburg Real estate

2010-04-14T12:47:00.000-07:00

A few weeks ago one of my clients purchased a foreclosure in Pioneer Subdivision. It is a 4 bedroom 2 1/2 bath brick home with 2 car carport and fenced in back yard. This client has totally remodeled the home including new roof, new paint inside and out, new carpet and ceramic tile , new kitchen appliances, and much,much more. The address is 1836 William Cody in Pioneer Subdivision Dyersburg,Tennessee 38024

Priced at only $97,400 this "practically new home" should be gone by the time the tax credit expires in a few days. Call me at 731-589-7841 to view this home.

Jobs Still Driving Dyersburg Real Estate Market

2010-04-13T12:32:00.000-07:00

I know I wrote in my last post about World Color Press closing its doors in a few weeks but I believe things are still bullish for Dyersburg.

The plant Comptroller for the Eaton Corporation in Newbern came in my office yesterday and told me he was hoping to get some of the good workers from World Color when they close. He stated they are still hiring like crazy but need workers who have been factory workers in the past. He asked me if I knew of any good factory workers to refer to him. Of course I have some tenants working at World Color who have been with their company a long time and I am referring them to him.

I believe with the economy continuing to expand that the future for the Dyersburg real estate market is bright. I hosted a Realtor open house at two of my listed houses today and all the Realtors indicated that they are super busy showing and selling property. I believe that part of this is last minute clients trying to take advantage of the tax credit that expires soon but I am not so sure all of this activity is because of the tax credit.

I would be happy to assist you if you are looking to sell or buy a home in the Dyersburg area.

World Color to Close in Dyersburg,Tn

2010-03-22T09:29:00.000-07:00

The Dyersburg State Gazette newspaper carried a story late last week about the local Quebecor World color Press factory closing its doors. Here is a link to the story.

Search for Homes in Dyersburg Area

2010-03-09T12:32:00.000-08:00

Are you moving to the Dyersburg Tennessee area? If so, Frazier Properties and Carousel Realty can assist you with that move. We either own or manage over 80 residential rental units and offer long term leases or short term leases to our clients we are assisting in purchasing a home in the Dyersburg Tn area.

To view our current availability for rentals just click this link. To view houses for sale in Dyersburg area code click here.

There are many people relocating to the Dyersburg area looking to rent short term until they get a feel for the area(that we can assist you with). We are here to help so just call 800-896-8016 or e-mail us sales@dyersburgrealestate.com.

More jobs openings in Dyersburg Tn area

2010-03-07T07:14:00.000-08:00

The only way to stimulate the economy is with jobs. It's all about jobs.

A friend of mine Darrell Allgood is the plant controller at the Eaton Plant in Newbern,Tennessee. Darrell is a client of mine and I am always asking my business clients about their company and if they are hiring new workers.

When Darrell came in my Dyersburg office yesterday I asked him that question and he told me they could not find enough workers for all the orders they have. I immediately asked him to write out what he was looking for and here is his response:

Looking for dependable plant workers who aren't afraid of getting a little dirty.

Looking for an operations manager

Looking for 2 supply chain Sr. Buyer/Purchaser

Darell's plant make industrial rubber high pressure hoses for many uses. I also have another friend who has worked at this plant for a long time.

If you are interested in a great job with great pay and lots of hours then call 731-627-2531. Tell them Mike Frazier and Darrell Allgood sent you!

I just did another post about a Dyersburg swimming pool installer needing workers.

This information was also posted on Dyersburg Localism information with the hopes that people searching online for jobs in Dyersburg will also find it.

I truly believe the recession is over(at least for the Dyersburg Tn area). If you are considering a move to Dyersburg,Tennessee and want a job then this is a great place to find a job. Frazier Properties and Carousel Realty can offer you short or long term rentals until you are ready to let us assist you with your Dyersburg real estate purchase.

New Dyersburg Foreclosures Blog Site

2010-02-19T12:17:00.000-08:00

Over 1/2 of my calls now are from people looking for a great deal in a foreclosure. Since there are so many sources(some charging for the information) I have decided to provide a single site where most if not all the foreclosures in the Dyersburg area can be viewed free of charge.

It is my hope that if you find my information helpful and you need a Realtor to assist you then I would be that Realtor.

The new website can be viewed at www.dyersburgforeclosures.info

New jobs in Dyersburg,Tn area

2010-02-09T12:51:00.000-08:00

One of my clients came in the office today and told me his plant is going full force. He works for Kinder Morgan Bulk Terminal in Hickman,Arkansas.

His plant services the Nucore Steel Plant there close by. Barry told me they are mainly looking for operators to drive shuttle trucks around the yard and also looking for torch cutters. Kinder Morgan delivers scrap steel from barges to the Nucore Plants close by.

Kinder Morgan first hires people through Dawson Employment Agency in Blytheville ,Arkansas. Their phone number is 870-763-0133. My contact says he does not believe you have to complete 90 days before they hire you permanently.

I also talked to someone at my church who works at Tenaris in Hickman. That plant makes steel pipe for the oil industry and they are working 7 days a week right now trying to get caught up. Sorry I do not know who you contact for that job!

In order for the Dyersburg Real Estate market to do well, people have to have jobs and I am proud to be able to relay jobs information as I get it.

January 2010 vs January 2009 market report

2010-02-02T09:46:00.000-08:00

In an earlier post I promised to return here to crunch the numbers for the Dyersburg real estate market for the month of January verses the same period one year ago.

Quantity of Units Sold 8 in Jan 2010 vs 10 in Jan 2009 (which is a decrease of 20%)

Volume Sold $635,400 in Jan 2010 vs $1,169,500 in Jan 2009 (this is a decrease of 46%)

Average Sales Price $79,425 in Jan 2010 vs $116,950 in Jan 2009 (this is a decrease of 32%)

Quantity Active 150 units in Jan 2010 vs 211 in Jan 2009 (this is a decrease of 29%) (this is a good sign)

According to these numbers, the Dyersburg Real Estate market is still weak. In a previous post we indicated that the 2009 numbers were below 2008 numbers but we had a slight rebound in December verses a year ago. Because of that rebound I promised to analyze the January numbers. One factor that could have affected sales in January was the snow storm we had. Business absolutely shut down as did other businesses and all the schools. Actually all the schools are still out today.

New site created to search for Dyersburg "lakefront" properties

2010-01-26T09:30:00.000-08:00

Yesterday I created a new blogsite that has the IDX search for all areas in or near Dyersburg that has lakes with houses either with lake frontage or a lake view.

That link can be found here Dyersburg Lakefront Properties.

Don't forget to check back next week for an updated market report for Dyersburg Real Estate.

Dyersburg real estate market conditions for 2009 vs 2008

2010-01-14T09:03:00.000-08:00

As I promised about 3-4 weeks ago, here are the numbers for the Dyersburg Real Estate Market. First of all, I will compare 2009 single family residential for Dyersburg and Dyer County with the same period in 2008.

Quantity of Units Sold    223 in 2009 vs 291 in 2008 (which is a decrease of 23%)

Volume Sold    $22,547,883 in 2009 vs $32,169,779 in 2008   (which is a decrease of 30%)

Average Sales Price   $101,111 in 2009 vs $110,549 in 2008   (which is a decrease of 9%)

Quantity Active 690 in 2009 vs 849 in 2008   (which is a decrease of 19%)

Based on all these numbers it appears that the Dyersburg Real Estate Market is still on the decline but since all my agents are really busy with clients I decided to pull the numbers for Dec 2009 vs Dec 2010.

Quantity of Units Sold   14 in Dec 2009 vs 11 in 2008 (which is an increase of 27%)

Average Sales Price   $124,326 in Dec 2009 vs $98,877 in Dec 2008   (which is a increase of 26%)

Quantity Active 254 in 2009 vs 302 in 2008   (which is a decrease of 16%) actually this is good!

Based on December 09 numbers, I would say that our market has begun to turn the corner but I thought that last year in July when I did a post about the market. Also what might be driving the numbers is the first time home buyer tax credit and also the other home buyer tax credit. We did a post about those earlier. I will be able I think to confirm a continued turn around when I again pull the numbers on Feb 1, 2010 so please come back to see the results!

Dyersburg Real Estate and Family and Friends

2009-12-24T08:46:00.000-08:00

Just wanted to wish all my friends and readers here a Merry Christmas and Happy New Year! If you are in from out of state and want to look at property, please feel free to call me at 731-589-7841 (cell).

Dyersburg Real Estate Market Conditions Dec 16, 2009

2009-12-16T09:13:00.000-08:00

Today is December 16, 2009 and for the last couple of weeks all of my agents(including myself) have been very busy assisting clients finding and purchasing houses.

The reason for this new activity in the Dyersburg real estate market is twofold.

First of all, many have been sitting on the fence just waiting to buy. Finally we start getting some good news nationally and people are starting to feel better about the economy.
The first time home buyer tax credit has been extended until April 30, 2010. Also another tax credit was added to repeat buyers who have lived in their home for 5 out of the last 7 years consecutively and purchase another primary residence. For more information about both of these programs click here.

I promise to return here in early January to share the market numbers for the Dyersburg real estate market conditions comparing 2009 with 2008 and also comparing Dec 09 with Dec 08.

Home Buyer Tax Credit

2009-12-04T08:47:00.000-08:00

On January 1, 2009 the new taxpayer first time homebuyer tax credit took effect. This was just extended from the old deadline of Nov 1, 2009 to April 30, 2010. This tax credit is for qualified buyers who have not lived in a principal residence in the last 3 years and the credit is for 10 % of the purchase price up to $8000.

In addition to the first time homebuyer tax credit, the congress and the president passed a second homebuyer tax credit for qualified move-up/repeat home buyers(existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 or purchased and closed by June 30, 2010 with a binding sales contract signed by April 30, 2010. This tax credit is also for 10% of the purchase price up to $6500.

For more information click on this link.

Dyersburg real estate market conditions

2009-11-16T09:14:00.000-08:00

Today is November 16, 2009 and here is what's happening in our market.

Up until about 3 weeks ago, first time home buyers were scrambling to get their contracts signed and houses closed. Now,those first time home buyers have more time to get this done and many are now back on the fence but still looking for great deals.

The biggest sector for sales right now is with investors. We are still seeing a lot of foreclosures and when these properties hit the market investors are stepping up to purchase. Many of these are initially trying to flip these properties but most end up in the rental market. This trend has softened the demand for rentals right now driving down the monthly rental amounts.

We are still seeing people relocating in with jobs but most of these still have a house to sell back home. Most if not all of these are renting until their houses back home sell.

I told a potential client this morning that I can sell his 2 houses but he will be competing with these foreclosure houses and this means at a much lower sales price. He chose to wait and just rent out his properties.

There are some great deals right now in our market and if you enlist the right Realtor to help you, you can beat these investors and real estate agents at their own game.

Dyersburg handicap accessible apartment available

2009-09-04T11:32:00.000-07:00

Carousel Realty and Frazier properties either own or manage about 100 properties. We just had come available a 2 bedroom 1.5 bath apartment at Laurenwood apartments on Tickle Street.

As you can see the front of the building has a nice ramp for wheel chairs to go inside and outside the building. The master bathroom has a wider doorway to allow wheel chair entry. We do have another handicapped fellow across the hall from this apartment.

We are in the process of installing new carpet in the living room and hallway. This is available on a short term basics or long term. If you are looking for a Dyersburg handicap accessible apartment then this is it. Contact us at 731-285-2277

Fantastic opportunity for lakefront foreclosure near Dyersburg,Tn

2009-08-20T12:53:00.000-07:00

I have been watching a foreclosure in Lakewood(about 4 miles north of Dyersburg,Tennessee)and now it is priced to sell!

This house is a 4 bedroom 3 bath sitting on about one acre and has lots of lake frontage on Lakewood's 4th largest lake. The original list price on this Dyersburg foreclosure was $160,000 but has been reduced to $142,500.

I know this home well as it used to belong to my best friend who sold it about 4 years ago in mid 160's.

This foreclosure is listed by Leon at Tennessee Realty but I am ready to help you buy this great deal. In my opinion, this Dyersburg lakefront foreclosure can be purchased somewhere around $130,000. I do not usually recommend real estate deals on this blog but knew that I have a great audience reading this.

Dyersburg Apartment Rentals

2009-08-14T12:02:00.000-07:00

As I stated in a post about one month ago, the Dyersburg real estate market is beginning to turn the corner.
Many are starting to move into the Dyersburg,Tn area.

Most of those that are moving in still have a house to sell back home and are looking for available rentals.

It appears to me that the employer bringing in the most people right now is Dyersburg Regional Medical Center. We have rented several apartments to the doctors, nurses and other medical professionals moving into Dyersburg recently.

Carousel Realty can offer other professionals either short term rentals or long term rentals. We even offer our clients month to month leasing until we can help them purchase a home.

Dyersburg real estate first time homebuyer seminar

2009-07-17T12:56:00.000-07:00

A couple of weeks ago I blogged about our upcoming first time home buyers seminar.

Ten days ago we hosted that event and those that came enjoyed the door prizes, food and excellent information from three experts in mortgages,taxes and Rural Housing Development.

I blogged on another platform about this event and please click here to read the information that was discussed by the experts.

Dyersburg real estate foreclosures

2009-07-15T09:43:00.000-07:00

I am working with a client who asked me how I know about all the foreclosures in Dyersburg. Here is the e-mail I sent her:

Thelma,

It was a pleasure to meet and talk to you the other day. I will be
diligently searching for that "right home" for your family.

Here are some links to Dyersburg foreclosures:

First one is HUD foreclosures. Just enter state then county.
https://www.bidselect.com

Here is a link to Lankford Realty. He gets all the Fannie Mae foreclosures.
Just enter zip code of 38024. That should get the area you are looking in.

http://www.lankfordrealty.com/advancedSearch

Here is the Jackson board of realtors site. Some realtors there get Ginnie
Mae foreclosures. Just enter Dyer County to see their foreclosures here. 99%
should be foreclosures that they have listed here.

http://www.jaar.net

There are other foreclosures that are assigned to realtors here in Dyersburg. About 4 realtors including myself are assigned these Dyersburg foreclosures to sell.

Hope this helps,

Mike

Dyersburg real estate market conditions

2009-07-13T15:04:00.000-07:00

A few days ago, I wrote a blog post about the Dyersburg real estate market. I analyzed the data from our MLS and confirmed my suspictions that the Dyersburg market has turned.

For the first 6 1/2 months of this year, the Dyersburg market is down from last year but for the last 2-3 months, we have made the turn. The complete blog post can be viewed here.

Free First Time Home Buyers Seminar Near Dyersburg Tn

2009-06-24T12:22:00.000-07:00

Carousel Realty and Security Bank have teamed up to offer the public a free first time home buyer seminar on June 29th, 2009 from 5-9pm. This home buying seminar will take place in Newbern,Tn at Security Bank's branch at 602 W. Main.

There will be refreshments, door prizes and valuable information about first time home buyers and the new government tax credit for first time buyers.

Realtors from Carousel as well as a mortgage lender from Security Bank will be present as well as a tax expert to explain the new tax credit.

Interview with Dyersburg,Tn banker David Hayes

2009-06-19T10:46:00.000-07:00

Yesterday I had the privilege of having lunch with David Hayes and discussing some questions I posed to him a few weeks ago.

1. How has the local Dyersburg market(from banking standpoint) been affected by the national banking crisis?

David said that the crisis is really a wall street crisis caused by greed. And the idea that some companies are too big to fail but the government allows others to fail is really not fair. David went on the say that Dyersburg bankers as a whole did not participate in making bad loans that foreclosures are reflecting right now. He said that his bank(Security Bank) did not take any TARP money. Security Bank is financially strong and still making loans and doing business as usual.

2. What are the banking trade association analysts saying as far as when the national economy will hit bottom and begin to recover?

David stated that the analysts believe we are at the bottom of the recession with signs of a recovery. He also stated that television is causing people to have fear and doom and gloom mentalities when actually our economy is still one of the best in the world. He and I both agree that the psychic of Americans has been negatively affected and this can be turned around with bold visionary leadership out of Washington,D.C.

3. What do you see in the near future for Dyersburg,Tn as far as credit issues, retail, and manufacturing?

Mr.Hayes restated that banks are doing business as usual in Dyersburg. They are doing so because they did not participate in the bad lending practices that have affected the national economy. I told David that all the B-paper loans that some of the real estate agents(I refuse to call them Realtors) were helping their clients get to purchase houses were all originated out of town(most in Jackson) and these loans were sold to subsidiaries of the banks now getting TARP money.

David said that yes many of the local manufactures have been affected by the recession. Some examples include one or two local manufacturers who were selling to GM. That bankrupcy rippled all the way down to the suppliers. Other manufacturers here have had to lay off due to slow sales. Ermco has been slow due to new home sales being slow. They make the transformers furnishing electricity to the homes. Briggs and Stratton has been slow due to low sales volume for new lawn mowers. However, other manufacturers here are doing great and some have been hiring lately.
David mentioned NSK steering systems preparing to add 50 jobs here at their new facility.

We both discussed the need to continue to market to high tech industries wanting to locate in cities like Dyersburg that has a low crime rate, great schools, a community college that is teaching high tech skills, an educated available work force,and a close knit community. David says we are competiting for these industries against other cities across the country.
All of the low tech non skilled jobs have moved overseas.

5. What does Dyersburg have to offer individuals or companies considering a move to Dyersburg?

David pretty much answered this question up above but he also stated that we have a great community with lots to offer. There is a lot of "new blood" that has already moved to Dyersburg that have good values and fresh ideas that we must cultivate. We have a real opportunity for old members and new members of our community to work together and if that happens then their are infinite possibilities ahead for our city.

6. Do you share my belief that the worst is over for our local and national economy?

He does believe we are entering the uphill phase of a recovery but jobs will be key to a healthy recovery. Our kids need to excel in learning and our adults need to have high tech skills in order for new industry to come to Dyersburg. The days of the low pay no tech factories are over. If you want a great paying job you have to prepare yourself with technical skills the high tech companies are looking for.

7. What in your opinion should happen to the toxic assets being discussed in Washington and just what are those toxic assets?

Those toxic assets are loan packages that were put together and sold to banks and investors. Many of these are considered toxic because the risk of default is high. Much of this is the b-paper loans that were made and foreclosures that are happening now. David said that the companies that made them or bought them should have to deal with them themselves and not ask the government to "bail them out of the mess they created".

8. Do you believe the United States helped create this world wide recession?

Yes, I believe the greed on Wall Street did contribute to the world recession. The financial system in our country is built on trust but when greed and fraud is brought into the equation then the system stumbles. David went on the say that the government will probable put a lot more regulations in place which could actually slow down "good growth". He believes in regulation but perhaps we need to enforce the regulations already in place. Fannie Mae and Freddie Mac were pretty much unregulated. This coupled with the thought that every American deserves to own a home even if they cannot afford it. Many bought that could not afford it and now many are in foreclosure.

Lets get back to basics here in our country and everyone be responsible for their own actions. Our country has drifted away from personal responsibility.

In closing, David and I are "excited" about our community of Dyersburg and believe there are great things to come!

Interview with prominent Dyersburg banker

2009-06-18T09:39:00.000-07:00

Later today I am scheduled to interview David Hayes, president of Security Bank in Dyersburg,Tn. We interviewed him last year also here on this blog.

I sent him a list of questions that would be part of the interview. Basically I am getting his take on our local economy and then what his analysts foresee into the future for the national economy.

I will return here tomorrow with the questions and answers from this interview.

New factory locating in Alamo,Tn

2009-03-16T14:36:00.000-07:00

Earlier today I wrote a blog on another site about a new factory relocating to Alamo,Tennessee.

If you click on this link, you will be directed to that post.

This factory will be hiring up to 35 people immediately.

Dyersburg mayor speaks at Realtor luncheon

2009-02-23T13:34:00.000-08:00

Today Mayor Holden spoke for 25-30 minutes at our quarterly Realtor luncheon. John Holden discussed the improvements being done around the city and improvements to the City of Dyersburg website.

He also discussed just briefly about the new spec building under construction and about 90% complete. Mayor John Holden told us a company has been here twice to look at this new facility so just maybe a new company will be coming to Dyersburg very soon.

I am very encouraged with the direction the city is going and the proactive stance our city and county governments are taking in bringing in new industry.

Dyersburg,Tn sales slow except foreclosures

2009-01-20T14:20:00.002-08:00

The Dyersburg Tennessee real estate market has slowed during this national economic downturn and during the holiday season. I also believe people have been waiting until after the new president is sworn in (which happened today).

We are seeing quite a few foreclosures come on the market which are mainly b-paper loans that indexed up and the people walked away. We are also seeing a few conforming loans being foreclosed on for a number of reasons. In addition to a few losing their jobs here many other foreclosures are a result of divorce or illness.

In addition to the foreclosures(which are selling pretty quickly) we are also seeing investment(rental) properties being purchased.

This current crisis will ease in the coming months if not sooner and life will get back to normal.

sales

2009-01-20T14:20:00.001-08:00

Dyersburg Tn real estate Holiday wishes!

2008-12-23T14:37:00.000-08:00

I would like to wish all my friends and family and those reading this blog a very Merry Christmas and a Happy New Year! May God bless you and your family this holiday season as you spend quality time with your loved ones!

The entire staff at Carousel Realty wishes all of you a joyous Christmas and a Happy New Year!

Fire destroys Dyersburg,Tn warehouse used by Briggs & Stratton

2008-12-04T08:52:00.000-08:00

On Monday night a fire broke out in the Bekaert building in Dyersburg,Tennessee. Briggs & Stratton was using this facility for storage of their inventory of push mowers and snow blowers.

One entire wing of this building was destroyed by the fire.

Briggs & Stratton had just laid off several employees because they had a sufficient inventory to enter into their spring mowing season. Now with their new inventory up in flames, they are gearing up to hire people and start production into full swing.

Now is perhaps a great time to get a job at the near by Briggs & Stratton facility.

Market conditions Oct 23, 2008 Dyersburg,Tn 38024

2008-10-23T10:24:00.000-07:00

I run into people everyday on the street and they all ask me the same question, "How is the market"? I tell them that sales have slowed somewhat but there are still buyers and sellers out there.

It appears that the lower priced houses(under $75,000) are the slowest movers in this market. For people who cannot wait to sell in this price range, they are lowering their prices and unloading them. There are also more foreclosures in this price range than any other.

In a slow market, usually the last sector to recover is rental properties. In this market, rental properties are the first sector recovering and all these houses being unloaded and the foreclosures are being turned into rental properties.

Up until 3-4 months ago there was a shortage of rental properties but now with all these purchases turning into rentals there is more available to rent.

Interview w/bank president in Dyersburg,Tn 38024

2008-10-06T07:54:00.000-07:00

With all the questions swirling about the bailout in Washington, I decided to interview David Hayes who is the president and CEO of Security Bank in Dyersburg.

I chose David because he has (IMO) one of the most brilliant minds when it comes to banking and finance.

David just oversaw the completion of extensive remodelling of the main bank in Dyersburg which includes a internet cafe, extensive changes in the lobby area and additional small offices and an extensive face lift on the outside of the building.

I have had numerous conversations with David and he believes the future of Dyersburg is bright and with his bank spending all this money on renovation reinforces this belief.

I gave David a list of questions and here are his replies.

First of all Security Bank is a very strong and stable bank. We have
money to loan and have not been directly affected by the national
financial problems. If any of the readers have concerns about their bank they should visit www.bankrate.com and evaluate the bank rating there.

Readers should NOT be concerned because if they want to discuss
anything I am just a short phone call or visit away.

The Washington/Wall Street mess has caused all of us to be concerned and
I have had sleepless nights not knowing what the future of our country will
bring. As I type this I just received word that the "Bailout Bill" had
passed and will be signed by the President today. What does that mean-as
much as I hate to see the government involved in such a plan it was the
only choice we had. We did not get into this type of problem overnight
and will not get out overnight. America has some of the brightest minds
in the world but we should have seen this coming. We need to be careful
with the continued concentration of financial resources into the hands of
a few institutions.

Let's just pray that the plan works and allows the larger companies in
the world to have access to credit just like those on Main Street have
access.

Real prospects looking hard at Dyersburg,Tn

2008-09-29T14:19:00.000-07:00

A couple of days ago I ran into Alan Hester who is the president of the Dyersburg/Dyer County Chamber of commerce.

Alan was all smiles and I asked him the same question, "Any prospects?" and his response was 3 very likely companies. After further prodding he admitted that one of them probable would be buying the Bekaert building for an industry to relocate into Dyersburg. That is all the information I was able to get him to share but he assured me the prospects for new industry coming to Dyersburg looked very good indeed!

Chamber of Commerce 12 at 12

2008-08-19T14:43:00.000-07:00

Today I attended the monthly 12 at 12 luncheon at the chamber. They invited many of the real estate brokers in Dyersburg.

One of the things we discussed was the new spec building under construction. One of the other brokers in the room told me the chamber already has a company ready to commit to purchasing upon completion. I could not or did not get this confirmed but believe it to be true.

Alan Hestor, the president of the Dyersburg Chamber of Commerce told the group that several companies are looking at purchasing the building previously owned by Bekaert Steel.

Alan also announced that Dyersburg was selected number 81 by Southern Business & Development for top 250 places in the south to relocate your business or industry to.

We also discussed the river port(under construction) in Tiptonville,Tn and the impact it will have on Dyersburg,Tennessee.

All the pieces are in place for Dyersburg to continue growing and prospering!

Dyersburg real estate market continues to recover

2008-07-21T13:58:00.000-07:00

I just wanted to tell my readers that my agents and I continue to show properties and write contracts. There are still many people moving into the area for jobs and some of these have recently sold their homes so they are able to purchase.

We are also seeing a lot more investors moving in to purchase the foreclosures the mortgage companies are offering at below value. I would say that 95% of all the foreclosures were financed by out of town banks and mortgage companies and these companies are taking a real beating. Most are choosing to dump the properties at below market values.

In my opinion, we will not see a real strong recovery in our market until the presidential election has passed. Until then, we will continue to find good deals for our buyers and attempt to list properties at their "current value".

Great buy at lakewood near Dyersburg,Tn 38024

2008-05-15T08:11:00.000-07:00

This is a new listing at Lakewood community(just north of Dyersburg,Tn 38024). This property is priced to "sell" so I went out and shot this video. This is a 3 bedroom 2.5 bath brick home priced at $187,500.
Please contact me at 800-896-8016 for more information or to request a showing!

Mike Frazier | Carousel Realty | 731-589-7841

41 Chestnut Circle, Dyersburg, TN

Home in Lakewood listed by Elaine Slaughter at All-Star Realty

3BR/2.5BA Single Family House

offered at $187,500

Year Built	1989
Sq Footage	2,470
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	1
Parking	2 Car garage
Lot Size	52,272 sqft
HOA/Maint	$0 per month

DESCRIPTION

Nice deck on back of the house. Lots of lake frontage w/boatdock(belongs with this property)

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Walk-in closet	Hardwood floor
Dining room	Dishwasher	Refrigerator
Stove/Oven	Laundry area - inside	Balcony, Deck, or Patio

COMMUNITY FEATURES

Lake

ADDITIONAL PHOTOS

Seller contact info:

Mike Frazier

Carousel Realty

731-589-7841

For sale by agent/broker

Equal Opportunity Housing

Posted: May 15, 2008, 8:25am PDT

New lakefront property listed at Lakewood! from Mike Frazier on Vimeo.

Dyersburg Tn real estate business returning to normal

2008-05-01T10:05:00.000-07:00

If you watch much TV, you will be convinced that the real estate business and home prices are suffering everywhere!

The Dyersburg real estate market is actually doing very well. We were in our weekly training/staff meeting and we discussed "our" sales to date. For me personally, I have already surpassed all of last year. My top agent has also surpassed last year
and it is just May 1st.

In our market today, there are lots of investors buying rental property. In the normal cycle of recovering from slow sales, single family homes recover first followed by rental property.

However, many people are relocating to Dyersburg or our market area for the available jobs but have been unable to sell their homes. These people are renting homes and apartments at a record level.

We are also starting to see a recovery in single family homes. I noticed yesterday that there are about 20 single family homes pending(waiting to close). This is a very healthy number considering the statistics across the country.

Aviation Repair Technologies company to locate at the old Blytheville Air Force Base

2008-04-14T06:13:00.000-07:00

On Saturday, my family and I went to a birthday party in Jackson,Tn for one of my clients daughters. While there, my wife and I met a lady who lives and works in Blytheville,Arkansas and she asked me if I heard about the new company coming to Blytheville. I told her no but I would research it.

I just found an article online discussing the new industry coming to Blytheville. This article is written in the Arkansas Business.com website by Mark Friedman.

This new plant is expected to cost about $20,000,000 and projected to hire between 310 and 440 workers within 3 years. The average pay is projected to be $20 an hour.

The location for this new venture is the Arkansas Aeroplex(old Blytheville Air Force Base) where there is a very nice 10,000+ ft long runway. Sometimes I practice IFR approaches into this runway. I assume that this will no longer be allowed once they start construction.

The lady I was talking to about this said she wished all these employees would relocate in and around Blytheville but she knew that many would choose to live in Dyersburg,Tennessee because of the excellent housing,schools, shopping and doctors.

Dyersburg will indeed benefit tremendously from many of these new workers choosing to live in the Dyersburg area. As I have said in many posts in the past, Dyersburg is by far the relocation choice of many people working in the Blytheville area.

I plan to return here with more information as it becomes available!

Plans off for new steel mill in Blytheville

2008-04-02T07:49:00.000-07:00

A few days ago Warren Fabricating & Machining corporation made an announcement that due to economic conditions they are postponing the construction of a new plant in Blytheville,Arkansas.

I recently talked to an engineer who attended the meeting in Nashville when the State of Tennessee met with Warren Fabricating concerning tax incentives for locating in Tennessee(Cates Landing).

It was announced a few days later that Warren had picked Blytheville because of incentives offered by Arkansas but right after that it was announced that the plans were off.

My source(engineer) told me these people really wanted to go to Cates Landing but all the funding has not been secured so Cates Landing might not be completed as quick as originally planned.

I really believe Warren is waiting for the infrastructure to be in place at Cates Landing and then they will "renegotiate" with the State of Tennessee and announce their intent to build a new plant here in Tennessee at Cates Landing.

Bad news is still good news for Dyersburg!

2008-03-07T08:21:00.000-08:00

A few weeks ago, I did an article on a possible new steel mill being constructed at Cates Landing in Tiptonville,Tn. The name of that company is Warren Fabricating and Machining Corporation.

I have bad news then good news! The bad news is that this company did not choose to locate this steel mill in Tiptonville. The good news is that they instead chose to build in Blytheville,Arkansas.They are projected to employ as many as 1000 people.

Why is this good for Dyersburg? First of all for the jobs. This will be another industry just across the river with good paying jobs. I have a lot of friends right now working across the river at steel mills or related industries.This will be good for our residents that chose to work there. Secondly, this will be good for Dyersburg because a large percentage of the people that work in the steel mills and related industries in or near Blytheville chose to live in or just outside Dyersburg.

The news about this company choosing Blytheville,Arkansas over Tiptonville,Tennessee can be read in the Union City Daily Messenger or by clicking on this link to that article.

Dyersburg selected as one of the best small towns to retire to!

2008-02-29T18:17:00.001-08:00

A few days ago, I wrote an article on-line about a handful of small towns in the southeast chosen as having the lowest cost of living. The article went on to say that in the entire southeast, these 6 towns are the best areas to retire to based on a fixed income.

In that article I quoted from several sources who also picked up on the "great" news of Dyersburg's selection.

I am excited about Dyersburg's future and know that you either enjoy living here or will in the future. Here is that article.