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Multiple Offers in Seller's Markets: Sometimes homebuyers wonder if it's even worth trying to compete against other buyers in a seller's market. It's not unusual for a seller to receive receive two, three, four, or even more offers when there's very little inventory on the market.
It's almost always a good idea to write an offer anyway. Somebody will be the winning offer. Why can't that person be you?
Write Your Best Offer: Don't hope for negotiation in a seller's market. Offer your highest price, one you can live with if your offer should be rejected. Do your best!
Tim Sharp 865-705-2062 REALTOR “listing agent and buyer’s specialist Realtor”. He can be reached by phone, email, or even by text messaging. Just Listed Knoxville Real Estate
Winter has mildly settled in here in our state. Frost hugs the mountaintops and trees, and turns the purest water ice cold. Bundle up and let your eyes behold the winterized beauty in our state parks and natural areas. While visiting, make sure you remain hydrated and stay on paths properly marked by Tennessee's official state parks and wildlife management teams. Here are just eight places you should explore during the cold months:
Explore 24,000 acres of wilderness made of hiking, biking and horse riding trails. The peak of the Cumberland Mountains at 3,324 ft. is covered in ice and snow in the winter months. Perfect for that always-coveted Tennessee Instagram photo-op.
The nation's most visited park also has a wealth of hiking opportunities. Get out in nature and discover what wildlife roams this time of year. With waterfalls, forests, panorama views, and caves, the most difficult part of your trip will be choosing which trail to explore.
Mortgage loan requirements, down payment rules, tax laws, and the overall financial climate can change from year to year. It may be tempting to seek advice from parents or others who have purchased homes before, but their guidance could be outdated and inaccurate. Beware!
With mortgage rates at an all-time low, it may be a great time to buy. Just be sure to have a firm understanding of what you can afford and your overall financial situation, and stay up to date with the current mortgage requirements.
Ok, so how do I get my dream home? See how much home I can afford. Get pre-approval by a lender. View current mortgage rates.
Our partners that work with us are all experienced professionals and will make your purchase or sale a smooth one.
We are your top rated #1 real estate agents from Just Listed Knoxville Real Estate: Contact personally: Tim Sharp | Direct: (865) 705-2062 | JustListedKnoxville.com | REALTORS
Contact personally: Steve Albin | Direct: (865) 235-1520 - Contact personally: David Hohman | Direct: (865) 227-1631
JustListedKnoxville.com 5 Unwritten Etiquette Rules Home Buyers Might Not Even Realize Are a Big deal if you're looking to buy a home, you're probably eager and excited. That's fine, but just keep in mind that in this heightened emotional state, it's easy to get swept up in the moment and behave, well, not perfectly.
This can lead to trouble since, just like anything else, buying a home comes with its own set of rules. Some may be fairly obvious since they're outlined in all that real estate paperwork you'll soon be signing. But some of these rules are the unwritten, etiquette-based kind. And if you break 'em, it could still stop a real estate deal in its tracks.
Worried you might not be aware of all the things you might do that could inadvertently rub home sellers or real estate agents the wrong way? Then heed these five etiquette rules that many homebuyers might all too easily overlook.
Rule 1: See a house online you love? Don't call the listing agent.
You're not going to get a better deal by going directly to the listing agent, they represent the seller and are just trying to get the seller the best price.
Rule 2: Don't ask your agent to show you homes until you sign a buyer broker agreement.
A buyer-broker agreement is a contract that defines the relationship between the buyer (that's you) and your real estate agent. The agreement is good for both parties since it outlines exactly what services the broker is going to provide. Remember that buyer's agents are only paid if they close a deal—they aren't paid for their time.
Rule 3: Don't make an offer without mortgage pre-approval
A mortgage pre-approval is a letter from a lender saying it will provide you with financing to buy a home up to a certain loan amount. It makes everyone's lives easier since it provides proof of how much home you can afford to buyers and agents—and that you can put your money where your mouth is with an offer. Without it, your offer is an empty promise.
Rule 4: Don't be late to home showings—or bail entirely
If you have an appointment with your agent to view a home, treat it like a priority. If you're going to be late or can't make it, call your agent and let him know.
Rule 5: Don't pretend you're ready to buy if you know you're really not
This one might sound like a no-brainer, but it's such a big part of real estate etiquette it's worth driving home: Don't pretend that you're ready to buy if you aren't.
We are your top rated #1 real estate agents from Just Listed Knoxville Real Estate: Contact personally: Tim Sharp | Direct: (865) 705-2062 | JustListedKnoxville.com | Just Listed Knoxville Real Estate
Getting buyers in the know.
Myth: You Need 20 Percent Down To Buy
Although it is true that most conventional loans require a 20 percent down payment, there are loans out there that cater to different financial needs.
You can typically qualify for an FHA or VA loan or a down payment assistance program. Conventional mortgage: 0% to 5% Down Payment FHA loan: 3.5% Down Payment VA and USDA: 0% Down Payment. Need A Little Help? There IS Assistance! 0% to 5% Down Payment.
Myth: You Need Amazing Credit
The credit guidelines for an FHA LOANS are much more lenient than for most conventional loans. Your credit score can be as low as 580 to qualify. USDA RURAL LOANS Down to a 620 Credit Score, VA HOME LOANS Down to a 580 Credit Score, CONVENTIONAL LOANS Down to a 620 Credit Score, Down Payment Assistance Need A Little Help? There IS Assistance! 0% to 5% Down Payment.
Myth: Pre-Qualification Is The Same As Pre-Approval.
Confusingly, these two terms don’t mean the same thing. To get pre-qualified, you give your lender basic information about you (assets, income, debts, etc.) so they can determine what kind of loan you can qualify for and estimate how much you’d be eligible to borrow.
But not until the lender is ready to give you a loan by verifying the information you provided are you actually pre-approved. You’ll have to complete a mortgage application after your lender evaluates your financial background and credit rating.
Myth: All Agents Are The Same
Our agents are intimately acquainted with our local markets. Our partners that work with us are all experienced professionals and will make your purchase or sale a smooth one.
Tim Sharp 865-705-2062 Steve Albin 865-235-1520, David Hohman 865-227-1631 Trusted. Respected. Recommended and Award Winning. ★★★★★ JustLISTEDKnoxville.com / Just Listed Knoxville Real Estate llc.