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In 2020, agents who typically make over $125,000 saw a lot more cash can be found in; whereas, representatives making under $50,000 saw their profits decrease. Bailey said the key to making it as a representative long term is perseverance. "The representatives that appear to be really patient and truly long lasting with their purchasers seem to be the ones that are getting a great deal of referrals right now," Bailey stated.

Knoxville's real estate market is hot. And not simply property sales. Knox News asked women in industrial property to share their observations on the state of the market and what's ahead for their companies. Maribel Koella, CCIM, SIOR, FRICS, CRE, is co-owner and primary broker of NAI Koella RM Moore, a nationally licensed woman-owned, minority-owned (and very first generation Mexican-American) service.

She has encouraged and served on the boards of numerous nonprofit organizations over the years. Found Here . Velas is an industrial real estate agent specializing in multifamily property sales in East Tennessee. She is a certified broker, current president of her CCIM chapter, past president of the House Association of Knoxville and has been offering multifamily for over 25 years in the East Tennessee market.

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Frazier is president and primary broker for Blue Ridge Real Estate Inc., a regional commercial genuine estate firm specializing in leasing, sales and management of workplace and retail properties. Frazier holds the expert classifications of Qualified Residential or commercial property Supervisor (CPM), Certified Commercial Investment Member (CCIM), and Society of Industrial and Office Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Company at the University of Tennessee.

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HOT HOT HOT. We have really recuperated well from the COVID pandemic. For industrial realty, 2020 was among our best years ever as financiers heavy in cash purchased into our market. Healthy. During the shutdown, we started to get calls out of California, Chicago, New York and other metropolitan locations from businesses that wanted to transfer to the Knoxville region, particularly in the industrial and financial investment sectors.

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Also, these are investors who, formerly, would have been looking to main markets. This is a powerful shift to secondary/tertiary markets like Knoxville due to the fact that locations like Nashville and Atlanta that would previously have been targeted are becoming saturated and more expensive. While 2020 was incredibly busy, 2021 has seen market values increase substantially.