There is no doubt now is a great time to buy a West Knoxville or Farragut home, with home affordability in West Knoxville and Farragut at record highs and mortgage interest rates are at historic lows. If you are among the many people considering buying a West Knoxville or Farragut home, here are a few essential DOs and DON’Ts of buying a West Knoxville or Farragut home.
DO get pre-approved. Talk with a loan officer about how much you can afford. Getting pre-approved for a home is an essential part of the home buying process.
DO get a home inspection. A home inspection can help identify any potential issues that the home could present in the future. It is better to know sooner rather than later.
DO hire a REALTOR®. A REALTOR® is there to watch out for your best interest. They are there to help you through the home buying process and help negotiate the best deal possible for you.
DO your research. With the internet and social media, home searching in West Knoxville and Farragut is as easy as every. Start your search online to help narrow down the area you want to live in along with what type of homes will fit your needs. It will make the whole search process much easier.
DON’T start you home search without being prepared. If you fail to narrow down what you are looking for and get pre-approved for a loan, the whole search process could end up being incredibly disappointing. There is nothing worse than falling in love with a West Knoxville or Farragut home, only to realize it is out of your price range.
DON’T write a ridiculous offer. Writing an offer 40% lower than the asking price is not a good idea. If you are truly interested in the home, you run the risk of upsetting the seller so much that they won’t even counter your offer.
DON’T have unrealistic expectations. While there are many great deals on the real estate market, don’t expect that you’ll get a home dirt cheap. While the market is a buyer’s market, you may still not get everything you want. Making ridiculous demands to sellers will only upset them and could sour a good deal.
DON’T forget to enjoy the process. Searching for homes should be a fun experience. After all, you are looking for a new place to truly call home.
Are you thinking about buying a West Knoxville or Farragut home? Please let us know if there is anyway that Knoxville Home Team can assist you in your home search. You can contact Rick at 865-696-9002 or via email at [email protected]. Or, you can contact Kati at 865-392-5880 or via email at [email protected]. Also, be sure to check out our Home Search Page to see what homes are for sale in the Farragut and West Knoxville area.