Why It Still Makes Sense To Buy A Knoxville Home In 2015

2015 300x213 Why It Still Makes Sense To Buy A Knoxville Home In 2015With spring weather finally upon us you may start considering whether or not this year is a good year to buy a Knoxville home for sale. Here are some reasons why it still makes sense to buy a Knoxville home in 2015.

Mortgage Rates Are Still Low

Mortgage rates are still historically low. It expected, though, that mortgage rates will creep up towards the second half of 2015. You may think that a small increase in interest rate won’t really matter, but it can make a larger impact than you think. If rates go up by just 1%, it can reduce how much home you can afford by 11%. For example if you can afford a $250,000 loan with a four percent interest rate, your buying power would be reduced to $222,500 at a five percent mortgage. While interest rates aren’t expected to creep up a full point this year, even half a point increase can influence you’re buying power. Read the rest of this entry »

Written by Kati Smenner Cumberland

3 Common Mistakes West Knoxville First Time Home Buyers Make

11442453873 b86deb213f b 300x225 3 Common Mistakes West Knoxville First Time Home Buyers MakeBuying a West Knoxville home for sale can be an overwhelming process, particularly if you are a first time home buyer. If you’re in the process of shopping for your first home, here are 3 common mistakes to avoid as a first time home buyer.

Buying More Than You Can Afford

Buying a West Knoxville home for sale is more than just the mortgage payments, there are property taxes, insurance, mortgage insurance, and maintenance to think about as well. When buying a West Knoxville home, be sure that you take into account all of the costs that come with buying a West Knoxville home for sale. Also, be sure that you have enough money left over each month to stow away into savings as an emergency fund. Read the rest of this entry »

Written by Kati Smenner Cumberland

How To Keep Your West Knoxville Home Bug And Critter Free

beadedbugs 300x225 How To Keep Your West Knoxville Home Bug And Critter FreeKnoxville’s southern climate is mild enough that critters and bugs can be a big problem. If bugs and critters are a problem in your West Knoxville home, here is how to keep your home bug and critter free.

Invest In Some Borax

Borax can be an inexpensive solution to keep your West Knoxville home bug free. Sprinkle some Borax in any areas that are inviting to bugs, including entrance ways, windowsills, under cabinets and in garbage cans. Read the rest of this entry »

Written by Kati Smenner Cumberland

Knoxville Homes For Sale – Is Your Home Ready To Sell This Spring?

hr3104427 34 Knoxville Homes For Sale   Is Your Home Ready To Sell This Spring?Spring is almost upon us. After a very cold, snowy February, many Knoxville buyers and sellers are ready to venture out in the Knoxville real estate market. If you’re in the market of selling your Knoxville home this spring, here are 3 things to get your home ready to sell this spring.

Get Rid Of Clutter

Prior to putting your Knoxville home on the market, it can be helpful to get rid of clutter in your Knoxville home. Clutter and an overload of personal items can be distracting to buyers. It can also make your home feel smaller, which is why it can be helpful to take care of de-cluttering prior to putting your home on the market. Clear kitchen counters of items that are only essential and simplify the decorations in your home. It can be helpful to depersonalize your home so that a buyer can picture his or herself there. Read the rest of this entry »

Written by Kati Smenner Cumberland

3 Things To Keep In Mind When Buying A West Knoxville Home This Year

3458668053 d6ff53e0ce 3 Things To Keep In Mind When Buying A West Knoxville Home This YearWith news of home pries and mortgage interest rates rising, many West Knoxville home buyers are feeling the pressure to buy this year. While it can be important to keep in mind what the market is doing, it is also important to not get too hung up on real estate statistics. If you’re thinking about buying a West Knoxville home this year, here are three important things to remember when buying a West Knoxville home for sale.

Don’t Get Caught Up In The Numbers

There can be a lot of statistics out there about the real estate market. When it comes to buying a West Knoxville home for sale, don’t let the statistics trip you up too much. Keep in mind, that real estate is largely local, so not all national statistics paint a clear picture. Compared to other parts of the country, Knoxville doesn’t tend to have such boom and bust cycles. Things tend to rise and fall at more at a more gradual pace. Read the rest of this entry »

Written by Kati Smenner Cumberland

How To Buy A West Knoxville Home In A Competitive Market

5985974767 78bf56d790 o How To Buy A West Knoxville Home In A Competitive MarketIf you’re one of the many West Knoxville buyers, who have been wondering about if now is a good time to buy a West Knoxville home, you’ve probably been watching the real estate market a bit. You’ve probably heard mortgage interest rates have risen and housing inventories are lower than what they were.  If you’re about to start your West Knoxville home search, here are a few tips to buy a West Knoxville home in a competitive market.

First, it can be very important to be a prepared, educated home buyer. Be sure you’ve talked to a loan officer about qualifying for a mortgage. Also, be sure to have selected a West Knoxville real estate agent to assist you in your home search. The more prepared you are, the better. It will only be to your advantage having a West Knoxville real estate agent there to help you make a competitive offer. It is also helpful to have talked to a loan officer, so you know how much you can afford. Read the rest of this entry »

Written by Kati Smenner Cumberland

How To Do A Final Walk Through Of Your Farragut Home

keys How To Do A Final Walk Through Of Your Farragut HomeA final walk through is done before closing on a Farragut home for sale. A final walk through gives a buyer the chance to have one last look at the Farragut home prior to closing, to ensure everything is left as it was discussed in the contract. So, what should should you look for in the final walk through of your Farragut home for sale?

First, in a final walk through, it is important to look for any new damage in the Farragut home. It has probably been awhile since you’ve been in the home, and in that time the sellers have moved out of the home. Are there any significant changes to the homes condition? Tears in carpeting? Large scrapes on the wall? If there are any significant changes to the home, the final walk through gives you one last chance to do anything about it prior to closing. Read the rest of this entry »

Written by Kati Smenner Cumberland

How To Create Your Knoxville Home Buying Wish List

11442453873 b86deb213f b How To Create Your Knoxville Home Buying Wish ListIf you’re like most Knoxville home buyers, you’ve probably been thinking for awhile about what you want in your Knoxville home. Buying a home brings up a lot of questions about what you do an what you don’t want in your home. Here is how to create your Knoxville home buying wish list.

Start With Your Budget

Considering how buying a Knoxville home will fit into your budget, is the first thing you should consider before starting your home buying wish list. Sticking to your budget is important so that you don’t buy more home than you can afford.

1. After talking with a Knoxville loan officer, how much home can you afford?

2. Based on how much home can you afford, does that monthly payment fit into your budget? If not, how much do you want to spend per month and how much Knoxville home does that allow you to buy?

3. How much money do you need to set aside for monthly expenses like maintenance, homeowner’s association dues, or trash pick up? Read the rest of this entry »

Written by Kati Smenner Cumberland

Knoxville First Time Home Buyers – Boost Your Mortgage Approval Chances

Getting approved for a mortgage is an essential part of buying a Knoxville home, particularly for first time home buyers. Unfortunately, with tightenedimages1 Knoxville First Time Home Buyers   Boost Your Mortgage Approval Chances mortgage standards, it isn’t always a cake walk. Here is how to boost your mortgage approval chances when buying a Knoxville home sale.

One important thing to help boost your chances at getting approved for a mortgage is to have stable employment. A lender wants to see that you hold a stable job so that you won’t have any trouble making your monthly mortgage payment. Someone who jumps from job to job can seem risky.

Another thing that lenders want to see is that you have stable income. Generally, those who are salary or hourly will have an easier time getting approved for a mortgage to buy a Knoxville home for sale. If you have a job that is commissioned based, it won’t be impossible to get improved for a mortgage, it jut might be a bit more work. In order to have commission count as income, lenders generally require 2 years of income for it to be counted. Income is important because a lender wants to see that you will have enough money every month to pay your mortgage. Read the rest of this entry »

Written by Kati Smenner Cumberland

How To Cut Down On The Stress While Selling Your Knoxville Home

8391945539 842dc60145 z How To Cut Down On The Stress While Selling Your Knoxville HomeSelling your Knoxville home is stressful. As a seller, you can have a million thoughts running through your head. Will your home sell? How long will it take to sell? How much will it sell for? How much time will you have to move?  With all the unknowns, it is no shock that a majority of sellers are stressed throughout the process. Here is how to cut down on the stress while selling your Knoxville home.

Get Help From A Professional

Realtors are in the business of selling homes. They know the market. They know how to sell a home. And, they know what to do if your home doesn’t sell. When it comes to selling your Knoxville home, get help from a professional. They’re there to help and they can help lessen the burden of selling your Knoxville home. Throughout the process, a Realtor is there to help you through whether it is pricing a home to sell it or negotiating repairs from a home inspection, it helps to have help. Read the rest of this entry »

Written by Kati Smenner Cumberland

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