When it comes to buying or selling a Knoxville home, there is a great deal of advice out there. Everywhere from friends to family members to the guy serving you your morning coffee seems to have real estate advice for you. While some advice can be good, other nuggets of wisdom can be altogether bad. If you’re thinking about buying or selling a Knoxville home this year, here are 5 pieces of real estate advice that you shouldn’t take.
You’ll Need To Put At Least 20% Down
The mortgage world can be confusing, so when some offers you mortgage advice, take it with a grain of salt. Down payment requirements vary when it comes to buying a Knoxville home for sale. It all depends on income, credit scores, among other things. Buyers are able to buy a home with no money down or with as little as 3.5% down, it all really depends on the buyer. If you have the assets to put money down, you can put as little or as much money down on a Knoxville home as you want. Talk with a trusted loan officer to see what options you qualify for.
There’s No Need For A Realtor
You wouldn’t go to a butcher for heart surgery, so don’t go to just anyone for Knoxville real estate advice. Knoxville real estate agents are in the business of buying and selling homes. For both buyers and sellers, a Realtor is a valuable asset. A Realtor is there to help provide you with knowledge, expertise, and tried and true real estate advice throughout the process. While it may seem like its easy enough to do yourself, there is a lot involved in a real estate transaction that buyers and sellers often overlook. Buying or selling a home involved a lot of money, so there is nothing wrong with a little help.
Everyone Should Buy A Knoxville Home
Many people will offer you the advice that buying a Knoxville home for sale is the “best investment you’ll ever make.” For the right person, buying a home can be a great, worthy investment. However, that doesn’t mean that everyone should go out and buy a home. For those that are ready to take on the responsibility of owning a home, buying a home is a great thing. For those that aren’t ready to deal with the responsibility or that don’t want to be tied down by a home, there is nothing wrong with renting. Owning a home is a largely personal choice and it’s not for everyone.
Remodeling Your Knoxville Home Has Great ROI
One thing that can often trip up Knoxville homeowners prior to selling their Knoxville home is remodeling projects. Just because you put $10,000 into your Knoxville home doesn’t automatically mean you’ll get $10,000 more when your home sells. While remodeling projects can help increase the price of your Knoxville home when it sells, don’t get to hung up on getting every penny back. Also, be sure to make sure you keep your home consistent with home in your neighborhood, since over-improving your home could make recouping your money more difficult. If you’re concerned about what needs to be done to sell your Knoxville home, seek out the advice of a real estate agent. They can help guide you one what may or may not need to be done.
You Should Have Bought/Sold A Home Last Year
When it comes to buying or selling a Knoxville home, the choice is largely personal. It’s not about what the market doing or what interest rates are doing. (Although, those factors can be added bonuses.) Are you ready to buy or sell a home? If so, then it is the right time. Trying to time the market too much causes unnecessary stress.
Are you thinking about buying a Knoxville home for sale? Are you thinking about selling your Knoxville home this year? If there is anyway Knoxville Home Team can assist you, please let us know, you can give Rick at call at 865-696-9002 or send an email to [email protected]. Kati can be contacted at 865-392-5880 or via email at [email protected].