Step Into Your Next Chapter With This Knoxville Home
Step Into Your Next Chapter With This Knoxville Home
Blog Article
If you want to buy or sell your home you can look at advertisements in the homes for sale section of the media or websites. But you also need practical advice and street smart insight to guide you right. It is your big investment and there is a lot of money at stake, so it helps to understand the inner workings of a real estate transaction. Making informed decisions can make you profits.
As an example related to the above, let's say the house was bought for $200,000 and sold for $300,000, and it took 5 years for this transaction. To actually buy the house, the legal fees, land transfer taxes, mortgage contract and real estate fees amounted to $1000, $3000, $500 and $5000 respectively. The total set up costs would be $9500 so far, which would be subtracted from the money you made, because it actually costs you $200,000 PLUS $9500 to physically buy the house.
This is absurd! So we feel it's important that the Knoxville home for sale in foreclosure find out what they are getting into, or what they are into, if they have already tied their hopes to the newly dubbed "short sale expert" real estate agent.
The clearest answer is "yeah, probably." Who can figure out what's going on? Maybe this is what Wall Street legend, Peter Lynch, was talking about when he said, "The man who studies macroeconomics knoxville homes for sale with pool 15 minutes a year wastes 10 minutes." There are too many moving parts to get a true picture of reality!
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 Knoxville home for sale 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 to your closing costs, the contribution for the home owner's warranty, and the cost of the survey.
If you hire the help of professionals, you should hire an interior design team. This team will decorate your home and stage it properly to make it sell. A properly designed home will definitely help to close a sale faster than a home that is full of clutter.
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.