The Knoxville real estate market has transitioned back into a seller’s market. Sellers out there are receiving multiple offers and new homes are not last long. For Knoxville buyers, this means the competition is fierce, and they need to act accordingly.
In a seller’s market, the rules of engagement are a little bit different for Knoxville buyers. When you’ve finally found the perfect home for you, there is a lot you can do right and a lot you can do wrong.
In order to set yourself apart from the competition, don’t do these 3 things when you get into a bidding war. Read the rest of this entry »
One key step in buying a Knoxville home for sale is applying for a mortgage. For a majority of home buyers, a mortgage is necessary to buy a home. Unfortunately, mortgages these days require a lot more information than they did a few years ago. Here is a breakdown of what documents you need to apply for a mortgage to buy a Knoxville home for sale.
A majority of the documents that you’ll need to provide when applying for a mortgage involve documenting your finances. While you will most likely verbally provide this information to your loan officer, they will want to see the documentation that proves that this information is in fact true.
Here is a breakdown of the documents that you’ll typically need to provide when applying for a mortgage:
-2 Years Worth of Tax Returns
-2 Years Worth of W-2s (or 1099s if self-employed)
-1 Months Worth of Paystubs
-Most Recent Bank Statements Read the rest of this entry »
One of the great things about owning a Knoxville home is your ability to customize the home to fit your needs. Unfortunately, not all upgrades and repairs increase Knoxville home’s value. If you’re thinking about selling Knoxville home this year, here are a few things that can kill your home’s value.
Trying To Have The Best House On The Block
The value of your Knoxville home is directly influenced by the homes surrounding it, which is why you don’t want to outdo all of your neighbors. When it comes to making repairs or upgrades to your West Knoxville home, the general rule of thumb is to make changes that are comparable to your neighbors. For example, if you’re in a neighborhood where homes generally sell for $120,000 or so, and you put $30,000 into a new kitchen, you’re not going to see the full return of those upgrades because that type of kitchen isn’t common in your neighborhood. Read the rest of this entry »
August 11th, 2016 categories: Buyers
Buying a Knoxville home for sale is a process. It starts when you start looking at Knoxville homes for sale and ends once all of the closing paperwork is signed. The process of buying a home can take a matter of weeks or a matter of months, depending on the buyer.
While the process of buying a home is always a little bit different for every buyer, there are still many similarities for each buyer. Along the way of buying a home, there are 5 hurdles every buyer must overcome when buying a home.
Hurdle #1 – Finding The Right House
Finding the right home can be exciting, but sometimes it can be a bit of a challenge. Some buyers find the right home in matter of days, while others take weeks or even months to find the right home.
There is no tried and true formula as to how long it will take the right home, it just depends. It depends what a buyers search parameters are, how many homes are on the market, and how competitive the market currently is. For buyers that struggle to find a home early on, it can always help to widen the search area little bit, if the buyer permits. It can also help to have a clear understanding of what you’re searching for. The more your know what you’re looking for, the easier it will be to find it. Read the rest of this entry »
July 20th, 2016 categories: Buyers
Buying a Knoxville home in a competitive market can be difficult.
With so many buyers on the market, many buyers will experience rejection in one way or another, which can be heartbreaking when you find the right home.
In this post, we’ll take a closer look why offers get rejected.
Your Offer Is Too Low
Price is everything when it comes to making an offer, particularly when you’re buying a Knoxville home in a competitive market.
When sellers are receiving offers at or above list price, it can be a rookie mistake to make an lowball offer. In the current seller’s market, sellers have the ability to pick and choose among offers, which is why it is essential that you come in with a strong offer from the start. Read the rest of this entry »
May 6th, 2016 categories: Buyers
Located in the Sterchi Hills subdivision, this home for sale comes with a prime location and tons of upgrades. It has 3 bedrooms, 2.5 baths, a bonus room, and an asking price of $220,000. It is located at 7006 Cardindale Drive.
On the main level of this home there is a family room, dining room, half bath, and kitchen with an eat-in area. The kitchen in this North Knoxville is completely renovated. It includes stainless steel appliances, granite counter tops, and tile back-splash. There is also a center island, a bright eat-in area, and plenty of cabinet and counter space. The family room has hardwood floors, a gas fireplace, and a ceiling fan. The dining room includes hardwood floors and tons of natural light. Read the rest of this entry »
Located in the Wyndham Pointe subdivision, this Karns home for sale is in like-new condition. This home it comes with a many amenities and a great floor plan.
This home for sale is located at 6953 Wyndham Pointe, just off of Beaver Ridge Road, near Oak Ridge Highway.
The main level of this home offers a family room, formal dining room, and kitchen with eat-in area. The family room features new carpeting, a gas fire place, and lots of natural light. The kitchen includes tile floors, smooth surface counter tops, and tons of cabinet space. It also includes stainless steal appliances including a refrigerator, stove, microwave, and dishwasher. The dining room comes complete with hardwood floors and wainscoting. Read the rest of this entry »
Located in the Eagle Glen subdivision, and loaded with upgrades, this West Knoxville home for sale offers a unique opportunity. This luxury home is located at 1100 Bald Eagle Boulevard, just off of Westland Drive. With 3,271 square feet spread out over two stories, this West Knoxville home for sale has 4 bedrooms, 3 full baths, and large bonus room.
On the main level, this home features a functional floor plan and open layout. The main level has gleaming hardwood floors throughout, which were added to the home in 2015. The main level has a formal dining complete with wainscoting. There is also a living room and an additional room that could function as an office or an additional bedroom. There is also a full bathroom on the main level, with updated tile. In addition, the family room is spacious and comes with a beautiful stacked stone gas fireplace. Read the rest of this entry »
January 20th, 2016 categories: Buyers
There’s the financing.
There’s giving notice and squaring away where you currently live.
And, there’s that daunting task of simply finding the perfect home.
With all of these moving parts, you can just about drive yourself crazy if you’re not careful. Don’t worry though, we’ve got you covered, here are 5 easy ways to simplify buying a West Knoxville home with as little stress as possible. Read the rest of this entry »
We would be lying if we told you that selling your home is a breeze. In some cases, it’s anything but that. Still, selling your home can also be a very important and necessary step in order to move on to another house.
Here are 4 headaches sellers deal with when selling their Knoxville home and their solutions.
The Problem: Constant Interruptions
One of the largest annoyances that sellers face when selling their home is the constant interruptions. Showings can be scheduled at the last minute, on the weekends, in the middle of the day, and in the evenings, so it can feel like you’re constantly being interrupted.
The Solution: While the interruptions are a necessary part of selling your home, they can be really annoying to deal with as a seller. First, it’s important to keep the end goal in mind as you get frustrated with showings. Showings are a necessary way to get your house sold and to allow you to get on with your life. To help make the interruptions more bareable, it can be helpful to make use of the time you have to get out of your housing. Go to the gym, have dinner with a friend, or run errands to make the experience more productive and positive. Read the rest of this entry »