Buying your first Knoxville home is a very exciting thing. Before jumping straight into looking at Knoxville homes for sale, here are 5 things every Knoxville first time home buyer should know.
#1 – Buying A Knoxville Home Is A Commitment
Buying a Knoxville home for sale is a huge investment, which is why you want to make sure you are fully ready to be a homeowner. You want to make sure that you are ready to take on all that comes with owning a Knoxville home. Owning a home is more than just the mortgage payment, it involve maintenance, HOA fees, along with taxes and insurance. You’ll also want to make sure that you plan on staying in the home a few years, to be sure you at least break even.
#2 – There Are More Mortgage Options Than You Realize
With the help of a THDA Grant or USDA financing, you can buy a Knoxville home for sale with absolutely no money down. In addition, you may be shocked that you can get into a home with as little 3.5% down with the help of an FHA loan. If you’re unsure of your mortgage options, be sure to talk to a loan officer prior to starting your Knoxville homes search.
#3 – Pick A Location First
Prior to starting your Knoxville home search, it can be helpful to narrow down a few locations that you’re interested in. Otherwise, you may find yourself looking at more homes than you need to. Figure out what aspects of a location are important to you like being close to work, close to shopping, or in a certain school district. This can help narrows down your search area and make your home search much easier.
#4 – Give Yourself The Time
Depending on your situation, you may or may not be under a certain time table to find and close on a Knoxville home for sale. Regardless, just be sure to give yourself enough time. There is nothing worse than feeling like you’re under the gun to find a home.
#5 – Get Professional Help
Whether you’re a first time buyer or a twelfth time buyer, buying a home is a big investment. It can be extremely important to have a buyer’s agent that represents your exclusively. They’ll be there to help you find the right home, negotiate a contract, and get through the closing process. In addition, find a loan officer you like and use their knowledge to make the buying process a whole lot less stressful.
Are you interested in buying a Knoxville home for sale? If so, please do not hesitate to let us know. Rick can be contacted at 865-696-9002 or via email at [email protected]. Kati can be contacted at 865-696-1888 or via email at [email protected] Also, be sure to check out our Knoxville Home Search Page to see what homes are for sale in the area.
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