Peyton Cherry of Keller Williams
Cherry Blends Customer Service With Background in Economics
A relative newcomer to the real estate profession, Peyton Cherry already knows he made the right decision in his career change.
“I have been in real estate for just under a year,” he explained. “After working in accounting for several years, I realized that spending countless hours behind a desk was not the ideal environment for me. I decided that my education, personality and personal interests were perfectly aligned with the Knoxville real estate market.”
Peyton recognizes that this is an interesting time for buying and selling houses. “Right now, in Knoxville, home prices have risen faster than the average household income but buying power has continued to increase due to low interest rates,” he stated. “This is giving many individuals the opportunity to get into the home of their dreams at an affordable rate. I predict that the real estate market in the Knoxville area will remain strong; the main challenge will be inventory of homes in the market. ”
Getting to use his economics degree and knowledge of the economy, Peyton loves to dig into the analytical side of real estate.
“I enjoy the fact that my real estate career allows me to gain first-hand experience of micro economic trends in the real estate market,” he said. “In addition, this career has given me the ability to connect with such a diverse crowd with people from all over the world, in all walks of life. ”
One important lesson he has learned since working with clients is that a solid relationship is vital.
“You can’t help someone find their dream home if you don’t understand who they are and learn their needs. Another thing I’ve learned is that while real estate may appear to be a glamorous career, it entails countless hours behind a desk studying the market trends. It’s not a 9-5 job. You are working constantly to provide your client with the optimal experience and meet all their needs.”
Peyton tells first-time buyers “the most important thing is to get pre-approved for a mortgage. That way the buyer knows exactly how much they can afford and won’t spend time or frustration looking at houses they cannot purchase.
Another tip is to not make any large transactions on credit such as buying a new car or financing furniture before you have closed on the home. This impacts the debt-to-income ratio and could hurt on the pre-approval amounts.
Keller Williams Signature Real Estate
4823 Old Kingston Pike, Suite 302
Knoxville, TN 37919