3 Realities Every Knoxville Home Buyer Must Know When Shopping For A Home

keys 300x196 3 Realities Every  Knoxville Home Buyer Must Know When Shopping For A HomeBuying a Knoxville home for sale is an exciting time for every buyer. Unfortunately, buying a Knoxville home isn’t all sparkles and sunshine, there are certain realities that every must buyer must understand. Here are 3 realities every  Knoxville home buyer must know when shopping for a home.

Be Realistic About Your Knoxville Home Search

Searching for a Knoxville home for sale is exciting, but it isn’t always perfect. Short of building your own home, it is important to understand that you might not find absolutely everything you want in a home. It is important that as a buyer you have a good understanding of your buying wants and needs. In addition, it is important to have talked to a loan officer prior to starting your home search. It can be extremely helpful to have an idea of your price range prior to starting to look at homes. Read the rest of this entry »

Written by Kati Smenner Cumberland

Is The Fall and Winter A Good Time To Buy A West Knoxville Home?

I was recently meeting with a buyer to talk about buying a home in West Knoxville. While we were talking about the type of housing they were wanting to 545653437 5a1b7b17c0 z 300x225 Is The Fall and Winter A Good Time To Buy A West Knoxville Home?buy. They asked me is now a good time to buy or should we wait until Spring?

I told them in my opinion the Fall and Winter are the BEST Time to buy!! They looked at me in a confused look and asked how could that be we thought the Spring was a better time.

I told them that is what everyone thinks but let me share 3 reasons why now is the BEST Time to buy.

1. Since most buyers think the Spring Market is the best time there is less competitions  for you. Less competitions means fewer buyers competing for houses. Which mean less chance of competing offers on really good houses. Which means better pricing and terms for you as a buyer.

Read the rest of this entry »

Written by Rick Smenner

3 Things To Do If Your Knoxville Home For Sale Hasn’t Sold

sold 3 Things To Do If Your Knoxville Home For Sale Hasnt SoldIf you Knoxville home for sale has spent a month or two on the market, chances are you’re probably frustrated. Here are 3 things to do if your Knoxville home for sale hasn’t sold after a few months on the market.

Do A Reality Check

When it comes to selling a Knoxville home for sale, price is a big deal. Some buyers will not even be willing to look at a home that they feel is overpriced, let alone consider making an offer on it. If you have had little or no showings on your Knoxville home for sale, it may be time to consider doing a reality check on the price of your home. Consider sitting down again with your agent and see what homes are currently for sale in your price range and what has recently sold in the area. This can give you a realistic idea of what the competition is and you can set a realistic price from there. Read the rest of this entry »

Written by Kati Smenner Cumberland

West Knoxville First Time Buyers: How To Save Money For Your First Home

11442453873 b86deb213f b 300x225 West Knoxville First Time Buyers: How To Save Money For Your First HomeFor many West Knoxville first time buyers, one of the biggest concerns is finding the money to buy a home. Luckily, there are options for first time home buyers to buy a home with no money down. Regardless of whether you are saving for a down payment or saving for the expenses that come with owning a home, here are a few ways to save up some extra money before buying a West Knoxville home.

Cut The Little Extras

One easy way to help save money for a West Knoxville home is to cut the small daily extras that can quickly add up. If you go on a daily coffee run, that can add up on a daily basis, so consider brewing your own. Also, when you dine out, consider cutting the dessert or alcohol. Those little items can quickly add to a bill. If you commit to cutting the extras, it can quickly add up and before you know it, you’ll have the money saved for a West Knoxville home.

Get Rid of Cable

With the help of Netflix, Hulu Plus, and Amazon Prime, having cable is no longer as essential as it used to be. If you’re able to live without it, getting rid of cable all together can be an easy way to save on a monthly basis for a West Knoxville home. And, don’t forget about investing in some old school bunny ears for your TV, you can get many local channels in HD quality. Read the rest of this entry »

Written by Kati Smenner Cumberland

Why You Need Owner’s Title Insurance When Buying A Knoxville Home

14534661443 e4b21372e6 z 300x200 Why You Need Owners Title Insurance When Buying A Knoxville HomeBuying a Knoxville home is one of the largest investments you will ever make. Most buyers do not hesitate to get a home inspection or to carry homeowner’s insurance to protect their investment. But, what about protecting your ownership interest? Strangely, many buyers do not understand the importance of owner’s title insurance. Here is why you need to get owner’s title insurance when buying a Knoxville home for sale.

Unfortunately, many buyers do not understand what owner’s title insurance really is, which is why many people opt not to get it. Simply put, an owner’s policy helps protect your ownership interest in your home, should any problems arise in the future. It is a one time fee at closing that protects your ownership interest for as long as your or your heirs live in the home. Read the rest of this entry »

Written by Kati Smenner Cumberland

What Do The Changes To The THDA Loan Program Mean For Knoxville Buyers?

THDA Logo 1024x603 What Do The Changes To The THDA Loan Program Mean For Knoxville Buyers?For many Knoxville first time home buyers, it can be stressful to find the money to put down on a Knoxville home. In the past, with the help of the Tennessee Housing Development Agency (THDA), first time home buyers were able to buy a home with no money down. While that is still possible, with the help of THDA, the program to buy a home with no money down has changed. Read on to find out more about what has changed.

In October of last year, THDA announced a new program called the Great Choice Program. Instead of offering grants as they did in the past to cover closing costs or a down payment, the Great Choice Program offers a second mortgage to cover any closing costs or a down payment. The second mortgage loan is 4% of the sales price and is paid back over ten years with a 0% interest rate. If the home is sold before the 10 years is up, the remaining balance can be paid off with the sale of the home. Read the rest of this entry »

Written by Kati Smenner Cumberland

Why Your Lender Matters When Buying A West Knoxville Home For Sale

keys Why Your Lender Matters When Buying A West Knoxville Home For SaleWhether you are a first time buyer or a home buying veteran, picking the right mortgage lender isn’t always easy. It is important to find lender who can help you secure a loan to buy a West Knoxville home for sale, answer your questions throughout the process, and get you closed on time. Here area few tips for picking a lender and why it matters when buying a West Knoxville home for sale.

Not All Lenders Are Created Equal

One thing many buyers forget when picking a lender is that not all lenders are one created equal. You may love your local bank or credit union, but that doesn’t necessarily mean they’re the best person to do your mortgage. You wouldn’t go to your family physician for heart surgery, you’d go to a heart surgeon. The same goes for picking a lender to help you buy a West Knoxville home for sale. Pick someone who specializes in the type of mortgage you plan to use. Are you planning to do a VA loan or USDA loan? Be sure to do your homework and see who in the area specializes in that type of loan and has a proven record of getting it done. Read the rest of this entry »

Written by Kati Smenner Cumberland

Knoxville First Time Home Buyers – Don’t Fall For These 3 Myths

5985974767 78bf56d790 o Knoxville First Time Home Buyers   Dont Fall For These 3 MythsThere’s a lot of information out there for Knoxville first time home buyers. Some of it’s good, some of it’s bad, and some of it’s altogether crazy. Here are 3 common myths that Knoxville first time home buyers often fall for.

You Need 20% Down

One of these most common myths Knoxville first time home buyer fall for is about down payment requirements. It is possible to put no money down when you buy with a Knoxville home for sale for the first time, with the help of a USDA loan, VA Loan, or THDA grant. It is also possible to buy a home with a minimal down payment with a 5% down conventional loan or a 3.5% down FHA loan.  Needless to say, there are a lot of options to buy a Knoxville home for sale, so before stressing out about the down payment do some research into what options you may have to buy a Knoxville home for sale. Read the rest of this entry »

Written by Kati Smenner Cumberland

REI, Ulta, Whole Foods To Open In Papermill Plaza In West Knoxville

4519716672 aa1bfaf610 z 300x194 REI, Ulta, Whole Foods To Open In Papermill Plaza In West KnoxvilleREI, Ulta, and Whole Foods are just a few of the new businesses that will be opening in the newly renovated Papermill Plaza.  Located at the intersection of Kingston Pike and Papermill Drive, Papermill Plaza in West Knoxville has a prime location. So, what do these new businesses have to offer West Knoxville residents?

REI is a specialty shop for camping and outdoor gear. It offers all kinds of outdoor gear including camping gear, climbing gear, skiing and snowboarding gear, among many others. The REI location in West Knoxville will also have a bike shop with a range of professional services for cycling enthusiasts. REI is one of the largest national consumer cooperatives. Anyone can shop at REI, but members who pay the one time membership $20 receive a share of profits through an annual member refund. REI is expected to open on Friday, October 24th. This will be the second REI location in the state of Tennessee. Read the rest of this entry »

Written by Kati Smenner Cumberland

5 Qualities That Can Make A West Knoxville Neighborhood Great

Kensington 10 300x199 5 Qualities That Can Make A West Knoxville Neighborhood GreatLocation is critical quality for every West Knoxville neighborhood. It will influence how close you are to work, how close you are to the store, and what amenities you enjoy on a regular basis. Here are five qualities that can make a West Knoxville home great.

Proximity To Everything

One thing that can make a neighborhood great is how close it is to everything. Being close to the interstate, schools, the store, or other popular destinations will be a part of your daily life. As a matter of convenience, it is great when a West Knoxville home has a location that is close to everything.

Amenities

There are many West Knoxville neighborhoods that offer a wide-range of amenities. Amenities can range from community pools and clubhouses, boat docks, basketball courts, tennis courts, among other things. Read the rest of this entry »

Written by Kati Smenner Cumberland

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