Now is the Right Time to Buy Your Dream Home

Understanding Closing Costs When Buying Your Knoxville, TN Home

Most people who are in the market for a new home are aware of the costs associated with purchasing a home and moving, but closing costs can be expenses that may be overlooked, especially for first-time home buyers.  In most cases, they can be approximately four percent of the purchase price of your home.  So before planning your home purchase budget, here are some expenses that aren’t always talked about that you may want to include when buying your Knoxville TN home.

 

In general, there are two types of closing costs, recurring and non-recurring.  Recurring costs include things like fire and flood insurance, property taxes, and mortgage insurance; these are expenses that should become part of your monthly budget and in most cases, are often anticipated by new home buyers.

 

Non-recurring costs are one-time costs that are associated with closing a home purchase, and usually make up the bulk of extra expenses.  Non-recurring closing costs usually include:

  • Title Policies
  • Escrow
  • Wire Fees
  • Delivery
  • Endorsements
  • Recording
  • Transfer Taxes
  • Home Protection Plans
  • Natural Hazard Disclosures
  • Home Inspection
  • Lender Fees

 

All of these costs will be discussed with you by your lender. And your actual closing fees may include just a few of these costs. Purchasing a home is a huge investment and expense, and getting a clear picture of the cost before signing your name on the dotted line is important.

 

If you would like a referral to a lender or you are thinking of buying your Knoxville TN home, call me today at 865-588-3232

Buying vs Renting Your Knoxville TN Home

When it comes to a home, you have two options: buy or rent.  What is right for one person may not be right for another, which is why it’s important to know which is the best option for your individual situation, especially now that interest rates are starting to rise.

Why People Rent

There are a number of reasons why someone may either choose or be forced to rent, frequent relocating for employment, sporadic or unpredictable income, a high debt-to-income ratio, a bankruptcy or foreclosure within the last six months, unpaid collection accounts or judgments, or just not wanting the commitment to maintaining a home.

Maintenance Matters

As a homeowner, you will be responsible for any maintenance or repair issues that arise.  This is a big consideration when choosing whether to rent or buy.  When you rent, the property owner is responsible for repairs and it may not always be obvious that these issues can be very costly.

How To Know When It’s Time To Buy

If you have steady income with a good employment history, can provide a down payment of at least 3.5-10 percent of the purchase price and are current with all debts, it may be time to consider buying a home instead of renting.  In some cases, the cost of rent may even exceed that of a typical mortgage payment.

When deciding to buy, job stability is a big factor.  If your job does not require frequent relocation and you plan to live in the home for at least 5-10 years, you may want to consider making the purchase.  If you need to relocate after that, you may have enough equity from the sale to use as a down payment on another home.

Home Buyer’s Checklist 

If you can answer yes to the following questions, you may be ready for home ownership.  I can help you to find the perfect home based on your individual needs.

  • Have you been steadily employed for at least one year, but preferably two years?
  • Do you plan to live in the home long enough to build equity?
  • Can you provide a down payment and still have enough money left to pay for closing costs, utilities and home furnishings?
  • Are you current on all debts, including auto loans, credit cards, etc.?
  • In addition to any current debts that you may have, can you afford a monthly mortgage payment which will likely include property taxes and insurance?
  • Do you have the time to devote to shopping for a home and comparing interest rates from various lenders?
  • Have you checked your credit reports for inaccuracies and disputed anything that needs correction with each of the three major credit reporting agencies?

The decision to buy or rent is a very personal one that can only be determined after a careful evaluation of your situation. I can show you the perfect home and a lender can tell you whether or not you can afford it, but it’s up to you to make the choice as to whether or not you are ready to make the move. If you have been thinking of buying, now would be the time to start getting your finances in order, and lock in a lower interest rate, before the rates go up too much. If you aren’t sure, give me a call today at 865-588-3232, and ask for Chiara!

Presenting 7317 Willette Court Knoxville TN

Welcome to 7317 Willette Court Knoxville TN, being offered at $196,000. This 3 bedroom, 3 bath home offers plenty of space for. It also has a separate workshop (with electric and cable) and a storage shed.

If you want a quick tour, check out the video below, or the portfolio here. Schedule your own private showing by calling 865-588-3232 today.

Seven Things to Consider Before Listing Your Knoxville Home

Sold Home For Sale Sign in Front of New House

Sold Home For Sale Sign in Front of New House

You have decided that you are going to sell your home.  While your home may work just as it is for you and your family and you don’t want to invest any more time or money into your property, there are a few necessary steps that every homeowner should take to ensure that their home will sell quickly and at the highest price possible.

 

Contact me and I will give you advice on what your property’s potential value may be, what improvements your home needs to get the best price, and the best strategy to use to market your home.

 

Have Your Home Professionally Cleaned-While this may seem like an unnecessary expense, it can give your home that fresh appearance that really appeals to potential buyers.

 

Make All Necessary Minor Repairs-This is an inexpensive way to give your home a finished look and will convince potential buyers that the home is in good repair.  This includes fixing any damage to walls and ceilings, installing new faucets or lighting fixtures, and making any cosmetic changes to the kitchen and bathrooms that will give your property a modern appearance.

 

Clear The Clutter-Giving your home an open and clean appearance can definitely make a huge difference in attracting buyers.  Be sure you tidy any messy areas of the home, and depersonalize it by removing most photos and any items or collections that may distract buyers during open houses or while looking at pictures of your home.

 

Look At Your Home From A Buyer’s Perspective-Because you are use to it, sometimes you may not notice small imperfections or areas of your home that seem not to flow with the rest of the house.  Try to take a walk through your home and on your property with fresh eyes, and be as critical as you would be if you were looking to buy your home again.

 

Make Repairs To The Exterior-Don’t forget the front and back yards, as well as the roof and brick or siding of your home, when making repairs to your property.  Your investment is always worth it, and creating curb appeal can really make a difference in attracting buyers.

 

Consider More Major Renovations If Necessary-If your kitchen or bathroom is very outdated or in bad repair, or you have electrical, plumbing, or water problems in your home, these are all issues that can really stall the sale of your property.  Fixing these problems will usually not only make your home sell more quickly, but will also increase the value of your home far beyond the expense associated with making the repairs in the first place.

 

An updated, well taken-care-of home, does not stay on the market for long. If you are considering selling your Knoxville home, call me today at 865-588-3232.

Thanks to All Who Served

I would like to extend a heartfelt thank you to all who have served our country.

vetsday2

 

Time to Turn Back Our Clocks

Yes, it’s that time of year, when we get an extra hour of sleep, or an extra hour of partying, which ever you prefer.  Saturday night, it’s time to turn back our clocks as Daylight Savings Time comes to an end for this year.

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If you are considering buying or selling real estate, give me a call today, at 865-588-3232.

Get An App To Help Your Home Search

Yeah, well, I’ve been using the app for a while and just finally figured out that I can put this thing on my website. How cool is that? Sometimes you just need an afternoon off to get these things figured out so that I can better help you in your home search.

Just go here to the home page and my home search app will be sent to your phone. Or you can text TNHOMES412 to 32323 to have the app sent to your phone.

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Visiting a neighborhood you like, just open the app and look at the listings in that area. Or, if you see a house you would like to know more about, just ask from the app. Cool!

 

I look forward to hearing from you!

Considering Curb Appeal

flower-garden-1082258_1280If you’re selling your home, there are a number of things you can do to improve your property’s potential value and appeal.  Creating curb appeal is one of the most effective and easy ways to accomplish this and to increase the interest of potential buyers in your home.  Here are some simple and inexpensive ways you can increase your home’s curb appeal.

 

Use Color Effectively

 

Color is a powerful tool in attracting people to your home.  If the exterior of your home could use a fresh coat of paint or a new door, this is a great opportunity to add some points of interest to your property.  Always remember, however, more is less-choose colors that are similar to other homes in the area.  You can infuse more vibrant and interesting colors through accent features and flowers or plants.

 

Create An Inviting Entrance

 

Making the entrance to your home attractive and inviting will give potential buyers an instant sense of welcome the moment they walk through the door.  Make the door the focal point of the exterior of your home, and think about elements such as lighting and color to make it as attractive as possible.  Also think about details such as including a nice welcome mat on your front step, some flowers in attractive pots or urns flanking the entrance, and even consider adding a chair with a small table if you have a larger porch area.

 

Landscaping Is A Must!

 

Making your lawn and yard attractive, free of clutter and debris, and nicely landscaped can really make all the difference in adding curb appeal.  First remove all weeds, fix any areas on your lawn that need repair, and mow it carefully.  If you have any unsightly items or clutter in the yard, remove it and replace it with well-placed flowers and plants.  If you have a large front yard with no trees, consider planting one or two to add interest and value to the property.

 

These are just a few of the many ways in which, with a little effort and a small amount of money, you can increase interest in your home. If you considering selling your home, call me today!

Choosing the Best Lighting for Your Space

lights-1285893_640Whether it is a romantic dining room or a home office, finding the right lighting for each space in your home is essential to making it functional and inviting.  So what should you consider when choosing lamps or lighting fixtures to ensure they will provide the right kind of light for your space, while still fitting in with the décor of the room?

Function Before Fashion   

Naturally you want your lighting choices to match and complement the décor of your home. If they aren’t the right functional choice for the space they will call home, your initial infatuation with them will likely fade.  For work spaces such as kitchens or offices, be sure your lighting will provide ample brightness while being easy on the eyes.  For rooms such as the living room or dining room, you’ll want to consider lighting sources that are adjustable to allow for relaxation and a romantic atmosphere, as well as the ability to work and play with enough light to see.  It is also important to consider the financial and environmental impact of the lighting you use.  Using energy-efficient bulbs and dimmers can reduce your carbon footprint and your electricity bill.

Size Matters!

If you have a small traditional dining room, choosing that large ballroom-sized chandelier you fell in love with may not be the best idea.  Also, going with recessed lighting for a large foyer, while functional, can make the space feel cold and uninspired.  Making sure that the fixtures or lamps you choose are proportional to the space they will call home will make the room look well designed.

Using Light As Decoration

While choosing lighting for a room requires balancing form and function, lighting can also be a great way to highlight existing features in a room.  Whether it is a great painting over the mantle, a few antiques in the hall, or a unique feature in your space, using lighting to highlight them can add a finished and dramatic look to any room.

 

Lighting can really make all the difference in any room, and can make all the hard work you have put into choosing the other décor elements of your home worth the effort, looking finished and spectacular!

If you’re looking for your Dream Home, call me at 865-588-3232