Knoxville Real Estate Market: What Buyers Should Know

If you are in the real estate market looking for a good deal on a home or property in an area that was previously out of your price range, you may be in for a pleasant surprise. Prices have dropped in many desirable areas. In some hard hit markets, such as California and Florida, homes for sale have been reduced by 25-35% or more in the past year.



6). Estimated HUD-1. This is often called a "net sheet". This shows the lender what they will net from the sale of your house after taking out expenses like closing costs and Realtor fees.

Unfortunately, most real estate agents are not properly trained to handle the complexities of negotiating with a bank to successfully help the Knoxville home for sale. The agents are at a complete disadvantage as many do not even realize that they are in a negotiation with a trained troubleshooter whose job is to mitigate losses for the lender.

Actress Kirsten Dunst placed her home on the market as well, adding to our list of celebrity knoxville homes for sale with pool for sale. Kirsten's house will reportedly be sold off at about 1.7 million. What a bargain for those of you who want your very own celebrity home.

Make your offer at least 5% below your estimate of value or the asking price, which ever is lowest. In addition, ask knoxville homes for sale by owner a seller contribution of 6% of the sales price toward your closing costs, a $435 contribution toward a home owner's warranty, and ask the seller to pick up the cost of the survey if they do not have an existing survey acceptable to the title company and lender. Your goal should be to eventually negotiate a price at least 2% below your estimate of value, and a 3% seller contribution Knoxville home for sale to your closing costs, the contribution for the home owner's warranty, and the cost of the survey.

While there is no perfect house, a fresh coat of paint does work wonders. Repair items that are known to not be working, and clean like the home sale depends on it. Absolutely nothing turns off a buyer more than a dirty, dusty, smelly house. Worst of all, bad smells will kill sales.

You can sell your house yourself. However, you must know going in that selling any home in any market is challenging. Do your research and be prepared to compete. One easy and effective tool is to advertise your home as "Realtor Friendly". You will pay a fraction of the cost of listing your home. Of course you still have the issue of drawing attention to your home.

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