Buyers Category
Move-In Ready West Knoxville Home for Sale
September 28th, 2011 categories: Buyers, West Knoxville Neighborhoods
For anyone looking for homes in West Knoxville in the $120K price range, this home has a great deal to offer buyers. This West Knoxville House of the Week is located at 10528 Lone Star Way, in the Devonshire Subdivision.
List Price: $124,000
Details: 2 Bedrooms, 2 Baths
Schools: Hardin Valley Elementary, Cedar Bluff Middle, Hardin Valley High School
Year Built: 1999
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3 Tips for Choosing Your West Knoxville Neighborhood
September 27th, 2011 categories: Buyers, West Knoxville Neighborhoods
Buying a home is a big decision. The price needs to be right. The home needs to have the amenities that you want. It needs to feel like it is the right place to truly call home. But, what about choosing your West Knoxville neighborhood?
Check out these tips for choosing a West Knoxville neighborhood.
1. Consider the location of your West Knoxville neighborhood. They say real estate is all about location, location, location, but what about location is important to you? Do you want to be close to work? Or, is it more important to be close to other things such as grocery stores, restaurants, or shopping? When buying a home, consider what aspects of location will be most important to you and focus on finding a home in that area. This will be a huge part of daily life for you – it will be the time it takes you to get to work or to get to the store.
Another aspect of choosing your location is not only what aspects of that location are important to you, but what are the additional costs of the location. How much gas will you have to use to get to work or other places you will commonly run errands? How high will your property taxes be? And, will there are Homeowner’s Association dues? These are all factors that can incur additional cost and should be taken into consideration when purchasing a home.
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Beautiful Rockwell Farm Home for Sale
September 21st, 2011 categories: Buyers, West Knoxville Neighborhoods
Located in Rockwell Farm, this Farragut House of the Week has many great things to offer potential buyers. This Rockwell Farms home for sale is located at 12900 Laurel Brook Lane in Rockwell Farm.
List Price: $275,000
Details: 3 Bedroom, 2.5 Bathrooms, 1 Bonus Room
Year Built: 2004
This home for sale in Rockwell Farm has many great things to offer buyers who are interested in purchasing in Farragut area. Being built in 2004, this West Knoxville home is in great condition. It has a nicely landscaped yard and a private backyard with plenty of privacy. On the main level, this home has beautiful hardwood floors. The kitchen is large and spacious, with plenty of cabinet space. The kitchen also has updated stainless silver appliances. It has 3 bedrooms, plus a spacious bonus room, and 2.5 bathrooms. The master bedroom has a spacious bedroom and bath area, with a jetted tub.
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West Knoxville House of the Week: Beautiful Home in Montgomery Cove
September 16th, 2011 categories: Buyers, West Knoxville Neighborhoods
This Farragut House of the Week is located in the West Knoxville waterfront community of Montgomery Cove. The home is located at 12422 Amberset Drive in Farragut.
List Price: $549,900.00
Details: 5 Bedroom, 3.5 Bathrooms, 3,693 Square Feet
Year Built: 2004
Schools: Farragut Elementary, Farragut Middle, and Farragut High School
This West Knoxville home for sale has an open floor plan, spacious kitchen, and many other great amenities to offer potential buyers looking for homes in the Farragut area. This Montgomery Cove home has a nicely landscaped yard and private backyard with a large deck. Among the many other great features in this West Knoxville home are a spacious kitchen with lots of cabinet space, stainless steel appliances, and granite countertops. There are 5 bedrooms, with a guest suite located on the main level. The main level has gorgeous hardwood floors throughout and a large family room area, perfect for entertaining guests.
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West Knoxville Homeowner Trying To Decide To Sell Or Refinance?
September 9th, 2011 categories: Buyers, Market Trends, Mortgage Guidelines, Mortgage Rates, Sellers
West Knoxville Homeowner should they sell or Refinance..?? Ask yourself these 3 questions..
I was recently on an appointment at a past clients home in West Knoxville. They had bought a home from me in 
Farragut a few years ago and were considering either moving or refinancing their current home. They didn’t know what they wanted to do move or refinance they just wanted to take advantage of the low rates either way.
We looked at some homes in the West Knoxville neighborhoods they were interested in moving to if they decided to sell their home. They were comfortable if they decided to sell they could find another home that would fit their needs.
Now they had to address the question of refinancing and staying in their current home. I told them them there are 3 questions they need to ask and explore to see if that was the best option for them.
Here are 3 questions to consider when you are thinking about refinancing:
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Farragut House of the Week: Upgraded, Traditional Home in Mallard Bay
September 7th, 2011 categories: Buyers, General, West Knoxville Neighborhoods
Are you looking for a traditional, move-in ready home, with lots of upgrades in Farragut? Are you looking for a home located near the waterfront community in Farragut? If so, look no further than our Farragut House of the Week, located at 12723 Mallard Bay Drive.
List Price: $629,000.00
Details: 10 Rooms, 4 Bedrooms, 3.5 Bathrooms, 4,175 Square Feet
Year Built: 2003
Location: Mallard Bay Subdivision (off Choto Road, near Northshore Drive)
Schools: Farragut Elementary, Farragut Middle School, Farragut High School Read the rest of this entry »
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Part Three: Renting Vs. Buying in Knoxville
September 2nd, 2011 categories: Buyers, Mortgage Guidelines, Mortgage Rates, Sellers
In Part I of the blog post series, “Renting Vs. Buying in Knoxville,” we compared the price of buying a home in Knoxville versus that of renting an apartment. And, in Part II, we looked at the benefits of renting. In this blog post, we will look at the many great benefits of buying a home.
Here is a list of reasons why buying a home might be the right choice for you.
- When you buy a home, you building equity over time. When you rent an apartment, the money you pay for rent you will never see again. With the median rent in Knoxville being $637, that is $7,444 each year, $38,220 every five years that you will never see again. Money put into your home is an investment for the future.
- There are many tax benefits to buying a home in Knoxville. Homeowners can deduct the following from their gross income: mortgage interest payment [for mortgages below $1 million or $500,000 if married and filing separately], property taxes, loan origination fees, and loan prepayment penalties. Also, profits from selling your house can be excluded from your taxes up to $250,000 if filing as single and up to $500,000 if filing as married.
Read the rest of this entry »
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Part Two: Renting Vs. Buying in Knoxville
August 24th, 2011 categories: Buyers, Market Trends
In Part One of this blog series, “Renting Vs. Buying In Knoxville,” we compared the cost of buying a home in Knoxville versus renting an apartment. Though, it currently costs less to buy a home, it is not an ideal choice for all people.
Here is a list of reasons that it would make more sense to rent:
- Renting allows for more mobility. As someone who lives in an apartment, you have more choice when and where you can move. It may requiring waiting until your lease is up, but you have more freedom. Homeowner’s are tied to their houses selling. Knoxville offers a wide range of apartment complexes, with the median gross rent reported as $637, according to City-Data.com. For people who are not sure where they will be living in the next few years and lavish in the ability to move, apartment living may be the better option. Read the rest of this entry »
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Is It Time To Buy A Home In West Knoxville?
August 22nd, 2011 categories: Buyers, FHA Mortgages, General, Market Trends, Real Estate Investing, West Knoxville Neighborhoods
I just had a meeting with a buyer who was looking to buy a home in West Knoxville. They had been renting during the last few years and had now decided it may be a good time to get into the home market in West Knoxville.
During our meeting were talking about the different aspects of the home buying process. They had decided they wanted to purchase a 4 bedroom home in either the Farragut or Cedar Bluff areas. About halfway through our meeting they both asked me is now the time to buy in my opinion?
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Part One: Renting Vs. Buying in Knoxville
August 19th, 2011 categories: Buyers, Market Trends
To rent, or to buy, that is the question.
It currently costs less to buy a two bedroom home in Knoxville than it does to rent a two bedroom apartment, if you plan on staying there for longer than a few years. The average list price of a two bedroom house in Knoxville is $94,900 and the average rent for a two bedroom apartment is $680. Operating under these assumptions, the average homeowner would save $13,690 over a 5 year period and $32,902 over a 10 year period.
This calculation comes from Trulia’s Rent Vs. Buy Calculator, which compares the average list price of two bedroom homes with the those of a two-bedroom apartments. The calculations also take into context things such as: utilities, property taxes, tax benefits of buying a home, insurance premiums, and other costs and benefits that come with renting an apartment or buying a home.
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