Knoxville Home Buyers: What’s On Your Wish List?
May 17th, 2012 categories: Buyers, Farragut Neighborhoods, West Knoxville Neighborhoods
With West Knoxville and Farragut home prices are historically low and mortgage interest rates at all time lows, there is no doubt now is a great time to buy a home. But, have you thought about what you are looking for in your West Knoxville or Farragut home? Having a good idea of what you are looking for and composing a “wish list” can help make the home buying process much easier for you and your realtor.
Here are a few things to consider putting on your West Knoxville or Farragut home “wish list”:
Location: Quite possibly the biggest factor when choosing a home. What do you want to be close to? What area of town suits you the best? Determine you value most about your homes location. Some prefer a neighborhood that is close to everything while others would rather be away from the crowds and hubbub of living near the busy parts of town.
Home Type: Are you looking for a condo, town home, or single family home? Condos can be great for people wanting to avoid outdoor maintenance, but can lack the privacy and space of single family homes. What is right for one buyer, can be totally wrong for another.
Neighborhood: West Knoxville and Farragut have many neighborhoods to choose from. Are you looking to have a community pool and club house? Are you looking to live in a maintenance free neighborhood? Are you looking to live near the water? Or, are you looking for a place with a bit more privacy? With so many diverse neighborhoods in West Knoxville and Farragut, there is sure to be something that suits your needs. Read the rest of this entry »
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West Knoxville Home Sellers: Choosing Exterior Paint Colors
May 9th, 2012 categories: Buyers
Are you considering selling your West Knoxville home? Are you wonder what change your should make to your West Knoxville home prior to putting it on the market? If you’re considering giving your home a fresh coat of paint prior to putting it on the market, read on below for some major dos and don’ts of picking the exterior paint color for your West Knoxville home.
Start by looking at the big picture. When you repaint the exterior of your home, you’re not starting with a clean slate, the paint colors your choose will need to match the existing part of the home that will remain unchanged like the roof or brick or stone accents on the exterior of your home.
Then, pick a color that will cover a majority of your home’s exterior, called the field. The color your choose to cover to field will make up a majority of what people see when they look at your home. Light colors can make your home look large, but can also make your home look flimsy. Dark colors can make your home look smaller, but give a more solid appearance. Read the rest of this entry »
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West Knoxville Real Estate Outlook: Housing Affordability At Record High
May 3rd, 2012 categories: Buyers
If so, here is yet another great reason now is a good time to consider finally buying that West Knoxville home. According to recent data from the National Association of Realtors [NAR], the housing affordability index has hit a record high.
In fact, housing affordability has never been this high since the National Association of Realtors began keeping track of it in 1970. In January, NAR’s housing affordability index rose to 206.1. The figure is based on the median home price, median family income, and the average mortgage interest rate. High figures indicate that housing affordability is high, while low figures show that housing affordability is low. This would be the first time that the index has broken the 200 mark. This means that most people who are considering buying a home have double the income to purchase a median priced home. Read the rest of this entry »
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Why You Should Buy A West Knoxville Home Now
May 2nd, 2012 categories: Buyers
You’ve been hearing it for awhile now: Now, is a great time to buy a West Knoxville home. Like most buyers, you are wanting to get the best deal on the West Knoxville home you buy, so you may be hesitant about home prices may do. You may be worried that home prices may drop more or that interest rates could become even lower. If you’re on the fence about purchasing that West Knoxville home, here are a few reasons you should buy that West Knoxville home now.
Knoxville home sales are on the rise, which could help stabilize prices. In a recent article in The Knoxville News Sentinel, it was reported that area home sales have been on the rise this year. This year home sales have seen the strongest first quarter since 2008, with 2,313 homes selling in the first quarter, according to data from the Knoxville Area Association of Realtors MLS. And, this is only the second time since 2006 that home sales have increased in the first quarter from one year to the next. With this data, it is hard to say what home prices will do, however, with home prices being historically low now, it is a great time to take advantage of it.
Knoxville was named the Best Place for Jobs This Spring. With many area employers looking to hire this spring, many residents may be inspired to finally buy a home. Whether they were waiting on getting more stable income before purchasing or are moving here from other parts of the country, with area’s economy seeing growth, more home purchases could result, which could help stabilize prices. Read the rest of this entry »
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Sundown in the City Replaced By Market Square Concert Series
May 1st, 2012 categories: Fun Things To Do
For many years, Sundown in the City was a popular event for many Knoxville residents. For 15 years, it was a free concert series put on by AC Entertainment taking place in Market Square and drawing thousands of Knoxville residents. This year, however, Sundown in the City has been replaced by the Market Square Concert Series.
It will take place on Thursday evenings during this spring and summer, sponsored by the City of Knoxville, WDVX, and Stellar Visions and Sound. It is meant to draw a family atmosphere and celebrate local and regional musicians. The series kicks off on Thursday, April 26th with a concert by the Grassroots Gringos, a local Knoxville bluegrass band. More dates and performances are expected to be announced soon.
One of the reasons cited for Sundown in the City’s cancellation is that the event had outgrown its location in recent years. When the series was started 15 years ago, it was started to bring people downtown. In recent years, the event had drawn crowds of more that 12,000 people. Read the rest of this entry »
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West Knoxville House Hunters: Fox Run Homes for Sale Under $475,000
April 25th, 2012 categories: Buyers, Farragut Neighborhoods, West Knoxville Neighborhoods
In this weeks edition of the blog post series, “West Knoxville House Hunters,” we will look at three homes for sale in Fox Run, which are all priced $475,000. Fox Run is a West Knoxville neighborhood located in the Farragut area. If you are interested in buying a home in the West Knoxville or Farragut area, be sure to check out what these West Knoxville homes for sale have to offer.
12823 Stahl Drive, Knoxville, TN 37934
Price: $474,900
Details: 4 Bedroom, 3 Full Bats, 2 Half Baths
Age: 10 Years Old
Square Feet: 3,789
Highlights: This Farragut home for sale has been kept in immaculate condition. With beautiful hardwood and tile floors on the main, along with an open floor plan. The kitchen is large with center island, an eat-in area and lots of cabinet space. In addition, this home for sale has a large master suite with hardwood floors and large bathroom. This home is also located on a corner lot and has a private backyard with large screened in porch. If you’re looking for a home that’s been kept in great condition, this home is worth taking a look at. Read the rest of this entry »
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West Knoxville First Time Home Buyers: What You Need To Know
April 24th, 2012 categories: Buyers, Farragut Neighborhoods, West Knoxville Neighborhoods
For many West Knoxville home buyers, spring and summer are among the most popular times to buy a home. With so many great deals in the West Knoxville real estate market and home prices and mortgage interest rates at record low, it is a great time to buy a home in West Knoxville. If you are among one of the many first time home buyers thinking about buying a home this spring or summer, here are a few things your should know.
The cost of owning a home is more than just the purchase price. While owning a home comes with many tax benefits and it currently costs less to own a home in West Knoxville than it does to rent, homeownership can come with its own share of costs. You will want to make sure you are prepared for for all costs associated with owning your first home. Be sure to check how much property taxes are, if there are any homeowners association dues, and how much utilities run. Also, be prepared for any unanticipated repairs.
There are programs for first time home buyer’s in Tennessee. With the help of Tennessee Housing Development Agency [THDA], you could purchase your first West Knoxville home with no money down. THDA offers programs for first time home buyers to either help cover closing costs or help with the down payment. If you are considering buying a home in West Knoxville for the first time, their programs are definitely worth checking out. Read the rest of this entry »
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Will Your West Knoxville Home Hold Its Value?
April 19th, 2012 categories: Buyers
When buying a West Knoxville home, there is a lot to consider. Like most buyers, you will want to be getting a good deal in the current market, that you find a West Knoxville neighborhood that fits yours needs, and that home has exactly what you are looking for so that you can truly call it “home.” But, have you considered if your West Knoxville home will hold its value? Here are a few signs that your home will.
- Your West Knoxville neighborhood’s location is key. They say real estate all comes down to one thing: location. So regardless of what is going on with the West Knoxville real estate market, location will play a big role in maintaining your property’s value. While the home you buy may have many appealing amenities, it is important to consider the good and the bad aspects of the location. A busy street may not be as appealing as a quiet one. A neighborhood that is close to everything may be more appealing than one that is out of the way.
- You buy a home in a good school district. Good schools always help maintain housing values. Regardless of what the housing market is doing, people will always want to buy a home in a good school system. Read the rest of this entry »
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West Knoxville House Hunters: Mallard Bay Homes for Sale Under $525,000
April 18th, 2012 categories: Buyers, Farragut Neighborhoods, West Knoxville Neighborhoods
In this weeks edition of the blog post series, “West Knoxville House Hunters,” we will look at two homes for sale in Mallard Bay, which are all priced $525K. Mallard Bay is a Farragut area neighborhood, located in West Knoxville. If you’re considering buying a home in West Knoxville or in the Farragut area, check out Mallard Bay homes for sale under $525,000 have to offer.
12608 Mallard Bay Drive, Knoxville, TN 37934
Price: $425,000
Details: 3 Bedrooms, 2.5 Baths
Square Footage: 3,300
Age: 11 Years Old
Highlights: This Farragut area home for sale has a great open floor plan and great views of Lake Loudon. It also has a private pool area with beautiful landscaping. The kitchen and master suite are spacious and in like new condition. If you’re looking for a contemporary home near that would allow you to enjoy being part of a waterfront community, this West Knoxville home for sale has a great deal to offer
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Tips To Help Update Your West Knoxville Kitchen
April 17th, 2012 categories: Fun Things To Do, General, Home Decor, Home Improvement, Sellers, West Knoxville Neighborhoods
A kitchen can be one of the biggest selling points of your West Knoxville home. If you’re considering selling your West Knoxville home this spring or summer, but are concerned that you kitchen isn’t quite up to par, here are a few easy, cost-effective ways to spruce up you kitchen.
Give you cabinets a quick and easy makeover. Sand the edges down and update them with a fresh coat of paint. Give them a custom look by adding molding to the top or updating cabinet hardware.
Visit a salvage store. If you’re trying to avoid a major expense but still looking to make some upgrades, a salvage store could be just what you are looking for. You may not find exactly what you are looking for, but with a little creativity you can make it work.
Spend smart. You will not be able to make every change to your West Knoxville home, but, if you spend smart you’ll be able to make a few. Are you wanting to add granite counter tops, but can’t afford the whole kitchen? Consider just adding them to the center island. Or, upgrade on the small scale, light fixtures and faucets. Read the rest of this entry »
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