If you’re using some sort of financing to buy a West Knoxville home for sale, your finances will be under scrutiny until closing papers are signed. Just because you have great credit and stellar finances, doesn’t guarantee a lender will give final approval to proceed with closing. If you’re in the process of buying a West Knoxville home for sale, be sure to avoid these big financial boo-boos prior to closing.
Financial Boo-Boo #1 – Making A Big Change
Don’t change jobs or change banks prior to closing on a West Knoxville home for sale. For many buyers, this may seem odd; however, this is something that can be worrisome to lenders. Lenders like to see bank statements and financial records prior to closing, and if you change banks that can make things difficult or raise red flags. Like changing a bank, changing jobs can also be a big deal. Lenders like to see stable income.
Financial Boo-Boo #2 – Making A Big Purchase
When you’re buying a West Knoxville home for sale, avoid major purchases at all costs. It’s not a good time to buy a boat or a new car. Doing so can raise your debt-to-income ratio, which in turn be the tipping point for loan approval. Financial stability is a large part of loan approval, so be sure not to raise any questions while you’re applying for a loan. Read the rest of this entry »
November 25th, 2013 categories: Fun Things To Do
‘Tis the season in Knoxville. Thanksgiving is this weekend. The cool winter weather has just begun to set in. It is the time of year for epic holiday shopping adventures, holiday parties, gatherings with family and friends, and enjoying the holiday cheer. The greater Knoxville area has many holiday events for residents to enjoy, here are few that you won’t want to miss this 2013 holiday season.
Come take advantage of Market Square’s full sized ice rink in the heart of downtown. The rink is open from now until January 5, 2014. Admission is $10 for adults and $7 for kids. Admission includes skate rental and unlimited time on the ice.
A Christmas Carol
Enjoy the Dicken’s classic at the Clarence Brown Theatre on select days from November 27th to December 15th. Read the rest of this entry »
When you’re buying or selling a West Knoxville home, the task is not complete until you make it to closing. Whether you’re buying or selling a West Knoxville home this year, be sure to avoid these critical closing mistakes.
One critical closing mistake that can happen when you’re buying or selling a West Knoxville home is not making the proper arrangements for closing funds. If you’re a seller bring money for closing or a buyer putting some money down, be sure you have a plan as to how you’ll be getting funds for closing. Funds will either need to be wired to the title company or you’ll need a cashier’s check. (If you’re coming from out of town, be sure you know how these arrangements will be made.) If you’re withdrawing money from a 401(k) or IRA be sure you know how quickly you can have access to those funds and what the requirements are.
Closing Date Flexibility
Whether you’re buying or selling a West Knoxville home, it is is essential you have some flexibility when it comes to the closing date. A majority of closings do happen on time; however, there are no guarantees. Last minute hiccups in the closing process can happen and closing dates can get pushed. Just be sure you have enough flexibility in your moving schedule in case of delays, so you don’t find yourself homeless. Read the rest of this entry »
In this edition of the blog post series, “West Knoxville House Hunters: The PUD & Condo Edition,” we will look at three different Planned Unit Developments (PUDs) and condos for sale in West Knoxville below $140,000. For West Knoxville buyers looking to enjoy maintenance free living, a PUD or condo could be a great housing option. They both offer a wide range of amenities and come in many different shapes and sizes. Be sure to check out these PUDs and condos all priced below $140,000.
List Price: $155,000
MLS Number: 858685
Details: 2 Bedrooms, 2 Baths
Square Footage: 1,468 Square Feet
Age: 7 Years Old
Features: This West Knoxville PUD for sale is located in the Kirkwood subdivision. It has a two car garage, two bedrooms, and two baths. This West Knoxville PUD for sale has an open floor plan and lots of updates. It has beautiful hardwood floors in the living area and dining room. The kitchen has dark cabinets, smooth top cabinets, and stainless steel appliances. It also has a bar area to eat at. The master suite is spacious with large attached bath. This home also has a private patio and a small yard. Read the rest of this entry »
November 15th, 2013 categories: Buyers
The decision to rent or buy in West Knoxville isn’t always an easy one. Every person’s situation is a little bit different. If you’re wanting to take advantage of low mortgage rates and still low home prices, here are a 5 questions you must ask yourself before buying a West Knoxville home for sale.
What’s My 3-5 Year Plan?
Generally, in order to recoup the money you spend on buying a West Knoxville home for sale, you need to live in the home for at least 3-5 years. If you’re thinking about buying a West Knoxville home for sale, it is important to consider if you’ll be staying the same place for at least 3 to 5 years. If you’re thinking about moving in the near future, renting may be a better option.
Can I Afford A West Knoxville Home For Sale?
Owning a West Knoxville home is a financial obligation. It is important to have stable income and some reserves in your savings account just in case of emergency. In addition, you’ll want to have a plan to cover a down payment. Luckily, the West Knoxville area has a few different loan programs that allow 100% financing, be sure to talk to a loan officer to see what you may qualify for. Read the rest of this entry »
November 13th, 2013 categories: Buyers
There is a lot to consider when you’re thinking about buying a West Knoxville home for sale. There is the price of the house, the location, the amenities, square footage, updates, among many other things. But, what about the school district? For some buyers with kids or thinking about having kids the decision to buy in a certain school district can be a no brainer. But for other buyers, does a school district matter when buying a West Knoxville home for sale?
School districts can play a role in West Knoxville home prices. For some buyer with kids or planning to have kids in the future, the school district is an important criteria for where they will buy a house. In many cases, West Knoxville home buyers will be willing to pay a higher price for a home that is in a particular school district.
Though, you may pay the price to live in a certain school district, it can be a worthy investment. A good school district can add to a home’s locational value. Homes that are in good school districts tend to maintain their value over time, despite what the West Knoxville real estate market it doing. Read the rest of this entry »
In this edition of the blog post series, “West Knoxville House Hunters: Farragut Crossing Edition,” we will look at three homes for sale in Farragut Crossing, which are all priced below $400,000. Farragut Crossing is a beautiful neighborhood in West Knoxville with a community pool and clubhouse. It has tree-lined boulevards, rolling hills, and views of the mountains. If you’re looking at homes for sale in the Farragut area, be sure to check out these homes.
MLS Number: 865152
Details: 4 Bedrooms, 2.5 Baths
Square Feet: 4,191
Year Built: 1988
Features: This Farragut Crossing home for sale has 4 bedrooms, 2.5 baths, a large bonus room and a three car garage. This home lots of space and has tons of upgrades. The kitchen has a bar area to eat at along with an eat in area. The kitchen also has black and stainless steel appliances, granite counter tops, and double ovens. The master suite is located on the main level. The master bath is large with double sinks and a large jetted tub. this home also has a great private, wooded lot and great deck to enjoy it. Read the rest of this entry »
Selling your West Knoxville home is no easy task. Setting a price, marketing your home, overseeing showings, and negotiating a contact are just a few of the tasks that come with selling your West Knoxville home. It can be helpful to use a Realtor to help make the task easier. Still unsure if you need a Realtor? Here are a few reasons why you should use a Realtor when you sell your West Knoxville home.
One big reason to use a Realtor when you sell your West Knoxville home is to help you set a price. A price that is too high will make it difficult to sell your home, and a price that is too low will mean you walk away with less than money that you could have. Realtors are in the business of knowing the Knoxville real estate market. They can provide you will comparable homes that have sold in you area to help you set the right price for your home, so you get the best price possible.
Another big thing a Realtor will assist you with when you sell your West Knoxville home is marketing your home. Your home is only eligible to be listed on the Knoxville Multiple Listing Service (MLS) when you use a Realtor. The MLS is one of the most common place where buyers and other agents go to look at West Knoxville homes for sale, which is why it is extremely helpful to have your home listed on the MLS. In addition, your Realtor will know the best ways to properly market your home to potential buyers. Read the rest of this entry »
In this edition of the blog post series, “West Knoxville House Hunters: Concord Hills Edition,” we will look at three homes for sale in Concord Hills, which are all priced below $500,000. Concord Hills is a beautiful Farragut neighborhood with views of the Great Smokey Mountains and Lake Loudon. This neighborhood also has a community pool and tennis club that residents are able to join. If you’re looking at homes for sale in the Farragut area, be sure to check out these homes.
MLS Number: 851291
Details: 5 Bedrooms, 5 Baths
Square Feet: 6,166
Year Built: 1989
Features: This Concord Hills home for sale has a fabulous floor plans and has been kept in great condition. The main level has an open floor plan, a formal dining room, and a living room. The family room is spacious with built in shelves and a fireplace. The kitchen is large with a center island, eat-in area, gas top range, and stainless steel appliances. The master suite is large with a bay window and fireplace. In addition, this home has 4 more bedrooms and a basement rec room. This home also has great mountain views. Read the rest of this entry »
November 4th, 2013 categories: Buyers
Weighing the pros and cons of renting versus buying in West Knoxville can be tough. Every situation is a little different, and the right option is truly dependent on the person. Still, it can be difficult to ignore that it cheaper to buy a home in West Knoxville, than it is to rent. If you are debating whether you should rent versus buying this fall, here are 5 reasons why renting in West Knoxville may not be for you.
Rent Money = Money Lost
It can be painful to write a check every month on a West Knoxville rental, only to know that you’ll never see that money again. If you buy a West Knoxville home, depending on how long you’ll stay, most likely you’ll see some of that money back. Not to mention, you are able to write off mortgage interest and property taxes when you do your taxes.
It’s Hard To Make A Rental Your Own
One major downfall of renting is West Knoxville is the fact that rentals cannot be customized. Oftentimes, there are limitations on what modifications you may do to a rental. And, modifications you do make have to be changed back to the way they were before you move out.
Lack of Space
One great thing about owning a West Knoxville home is finally having more space than most rentals have. Walk-in closets? Extra storage? Backyards? When you rent, you often don’t have as much space as when you buy a West Knoxville home. Read the rest of this entry »