Sellers Category
Rainy Day Maintenance: 5 Things to Do During the Next Rainy Day
February 6th, 2012 categories: Fun Things To Do, Home Improvement, Sellers
The spring season is almost upon us in Knoxville and it can mean two definitive things for Knoxville residents: beautiful weather and lots of rain. A rainy day is the perfect occasion to take care of some maintenance, whether you are considering selling your West Knoxville home or of if you just want to do some routine maintenance.
- Check out your waterworks. Use the sporadic downpours to see if your gutters are properly functioning. Are the gutters functioning like the should be or are they clogged with leaves and debris? When the water leaves the downspouts, is it moving away from the house? You want to ensure that the water is moving away from your home, and not saturating your foundation. Read the rest of this entry »
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Selling Your West Knoxville Home? A Great Kitchen is Key
February 1st, 2012 categories: Buyers, Sellers, West Knoxville Neighborhoods
Before putting your West Knoxville home on the market, there is a lot to consider. Is it the right time to sell your West Knoxville home? What can you do to make your home sell faster? And, what is the one aspect of your West Knoxville home that buyers are really looking at to stand out? A great kitchen. This is something that many buyer’s consider to be a true selling point of a home.
So what makes this such a strong selling point for your West Knoxville home? Think about it. The kitchen is essentially the heart of every home. It is where meals are cooked and families come together to eat and share their day. When entertaining guests the kitchen is one area of the home guests are likely to see. And, in many new floor plans the kitchen is one of the main focal points of the home, opening up into family rooms and other areas of the house, making it an area where entertaining guests happens. Read the rest of this entry »
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Real Estate Market Update: 2011 Foreclosure Numbers Are In
January 17th, 2012 categories: Buyers, Foreclosures, Market Trends, Statistics
The numbers are in. That is, the 2011 Year End Foreclosure Report put out by RealtyTrac, and online resource solely dedicated to foreclosure statistics and sales across the United States. So, what do these numbers mean for the Knoxville real estate market, and other areas of the nation? Check out the breakdown of statistics below to see how this 2011 compares to recent years pas.
- In 2011, there were 1,887,777 foreclosure filings (including default, auction, and bank repossession notices) in the U.S. Though, 1.9 million homes seems like a daunting number, it is actually the lowest it has been since 2007. The 1.9 million homes that went into foreclosure in 2011 is down 34% from 2010, 33% from 2009, and 19% from 2008.
- Nationally, in December 2011, 1 in every 634 homes received a foreclosure filing. The Knoxville real estate market fares significantly better than the national ranking. In Knox County, 1 in 1136 homes received a foreclosure notices. To see how other East Tennesee counties fared, check out the Foreclosure Rate Heat Map on RealtyTrac.com. Read the rest of this entry »
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FHA Waives Anti-Flipping Rule Through Year End
January 10th, 2012 categories: Buyers, Foreclosures, Sellers
The Federal Housing Administration (FHA) has waived its anti-flipping rule through the end of 2012. The FHA originally put the waiver into effect on February 1, 2010 and it was extended through 2011. And now, it will remain in effect for the rest of the year. But, what exactly does this mean for the Knoxville real estate market? And, what does it mean for people buying or selling homes in Knoxville?
So what exactly is the FHA anti-flipping rule?
The FHA anti-flipping rule does not allow homeowners, who have an FHA insured mortgage, to sell their homes any sooner than after 90 days of home ownership. The Federal Housing Administration, under the Department of Housing and Urban Development, instated this rule to prevent properties from being sold at artificially inflated prices by a seller, who purchased them for significantly less. With foreclosures being so prevalent, the rule was put into place to protect home buyers from artificially inflated prices. Read the rest of this entry »
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When Is the Best Time to Sell Your West Knoxville Home?
December 9th, 2011 categories: Buyers, Sellers, West Knoxville Neighborhoods
Perhaps, have been thinking about selling your West Knoxville home for awhile. Perhaps, certain life circumstances are requiring you to consider selling. Still, one of the most commons questions from seller is: When is the best time to sell your West Knoxville home?
The best answer to this question is answered with a question: When is the best time for you to sell your West Knoxville home? With this response, most sellers react with a very confused looked or perhaps a snarky remark. How can such a serious question be answered with a question?
Let me explain.
Regardless, the time of year. Regardless, of what homes are for sale in West Knoxville. Regardless, of what the real estate market is like. There are always buyers who are looking to buy, especially in this market with so many great deals.
Can you remember when you bought your West Knoxville home?
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8 Tips to Winterize Your West Knoxville Home
December 7th, 2011 categories: Buyers, General, Sellers
Winter Time is here and it helps to take a few steps to winterize your home. Just by doing a few simple things outside and inside can add up to BIG savings. Here are a few quick and easy things you can do
1) Prevent Plumbing Freezes
Locate your water main in the event you need to shut it off in an emergency.
Disconnect all garden hoses from Hose Bib and protect hose bib
Insulate exposed plumbing pipes.
If you go on vacation, leave the heat on, set to at least 55 degrees and shut off main water valve.
During Extreme Cold weather leave interior faucet dripping and cabinet doors open where plumbing is located.
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Will Home Staging Help You Sell Your West Knoxville Home?
December 1st, 2011 categories: Buyers, General, Sellers, West Knoxville Neighborhoods
Are you considering selling your West Knoxville home? Have you considered having your home staged? Here are a few reasons why having your home staged may be a worthy investment, that could make your home sell faster and get your a better asking price.
- According to the National Association of Realtors, having your home staged can increase you asking price by 1% to 3%, which would increase your return anywhere from 8% to 10%.
- A professional stager can see your home in a more objective light. A professional stager can de-clutter and organize a home more objectively than the average seller. They can make quick, simple fixes that will make your home more marketable and appealing to potential buyers. A little organizing can go a long way. Read the rest of this entry »
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BOA To Increase The Amount Of Short Sales 60-70%
November 30th, 2011 categories: Buyers, Knoxville Short Sales, Market Trends, Sellers
Recently, CDPE author and Charfen Institute CEO Alex Charfen hosted an exclusive broadcast with Bob Hora,
Senior Vice President of Mortgage Servicing at Bank of America Home Loans.
Bob Hora provided insight into Bank of America’s evolving approach to managing their distressed mortgage portfolio, which includes plans to increase short sales by as much as 60 – 70% next year. To achieve this increase, Bank of America is improving their short sale process and implementing a number of new programs to help both homeowners and agents.
Download the Report Now!
In CDPE’s newest report, we detail the information covered in the broadcast, such as Bank of America’s new community outreach campaigns and homeowner transition guides. You’ll also learn how increases in manpower and improvements to Equator will effect you, the agent, and the homeowners you serve.
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Presidential Candidates Blasted for Views on Housing
November 30th, 2011 categories: General, Knoxville Short Sales, Market Trends
In a recent blog post, CNBC’s Diana Olick slams the Republican presidential candidates’ plans for solving the nation’s housing crisis.
Political beliefs aside, Olick makes some astute observations regarding the bank’s preferences for short sales over foreclosures and the important role that Fannie Mae and Freddie Mac play in keeping the market liquid.
Given the major impact housing has on the overall U.S. economy, it’s vital that our political leaders have a thorough understanding of these issues.
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West Knoxville Home Values Are You Using Fuzzy Math?
November 29th, 2011 categories: Buyers, Existing Home Sales, General, Market Trends, Sellers, West Knoxville Neighborhoods
With the internet it has made it alot easier to search for homes and obtain information about properties. I was reading an interest article in Smart Money about people obtaining property values on homes on line. The article went to say that 
big national sites like Zillow and Trulia people were putting alot of faith in the values they find on these sites. But come to find out alot of the data you find on housing values can be all over the board being maybe too high or too low.
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