Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

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

July 17, 2019

We include these Contingency Clauses in our Buyers Purchase and Sales Agreement.

HOME OWNERSHIP: Contingency Clauses in Home our Purchase Contracts If the provisions aren't met., these let you back out of a contract.

We include these Contingency Clauses in our Buyers Purchase and Sales Agreement.

Home inspection contingency. This gives the buyer the right to have the home professionally inspected and request repairs by a certain date — typically within five to seven days of the purchase agreement being signed. Depending on where you live, you may be required to make home repairs for structural defects, building code violations, or safety issues. Most repair requests are negotiable, though, so you have the option to haggle over which fixes you’re willing to make.

Appraisal contingency. For a mortgage lender to approve a home buyer’s loan, the home must pass appraisal — a process during which the property’s value is assessed by a neutral third party. The appraisal verifies that the home is worth at least enough money to cover the price of the mortgage. (In the event the buyer can’t make their mortgage payments, the lender can foreclose on the home and sell the property to recoup all — or at least some — of its costs.) Generally, the home buyer is responsible for paying for the appraisal, which typically takes place within 14 days of the sales contract being signed.

Financing contingency. Also called a loan contingency or mortgage contingency, a financing contingency protects the buyer in the event their lender doesn’t approve their mortgage. Although the timeframe for financing contingencies can vary, mortgage lenders report that buyers generally have about 21 days to obtain mortgage approval. 

Title contingency. Before approving a mortgage, a lender will require the borrower to “clear title” — a process in which the buyer’s title company reviews any potential easements or agreements that are on public record. This ensures the buyer is becoming the rightful owner of the property and the lender is protected from ownership claims over liens, fraudulent claims from previous owners, clerical problems in courthouse documents, or forged signatures.

Just Another Way We Work In Your Best Interest Tim Sharp 865-705-2062  REALTOR “listing agent and buyer’s specialist Realtor”.  No Upfront Fees

He can be reached by phone, email, or even by text messaging. Just Listed Knoxville Real Estate llc

July 16, 2019

Knoxville Tennessee offers Relocation buyers Southern charm

Knoxville Tennessee offers Relocation buyers Southern charm, the youthful energy of a college town and the beautiful backdrop of the Great Smoky Mountains. Knoxville also appeals to generation interested in health and outdoor activity. 

( JustListedKNOXVILLE.com ) Locals Already Know Want to be in a well located place. Looking to relocate, Knoxville Tennessee area might be for you...... Home price growth as well as affordability - New Infrastructure - Better climate/weather - Job opportunity - Proximity to family - For better health - Proximity to friends - Proximity to significant other - Above average citizens - Positive thinking - Fabulous biscuits, banana pudding, and hot chicken - Fiscal Stability #1 U.S. News - Great friendships - Knoxville is considered the most romantic spot in the state – Educational opportunity – Longevity - Looking for like minds - Seeking an active lifestyle - There are job drivers  - Lowest tax rates in the country - Forbes Calls Tennessee a ‘Southern Taxpayer Safe Space’ - The four seasons, each one more stunning than the last - Nestled in the foothills of the Great Smokey Mountains - Least—Expensive Towns for Retirement - Knoxville taxes are low, really low and Tennessee doesn’t have a state income tax, so Social Security benefits escape state taxes. Knoxville also appeals to generations interested in health and outdoor activity. 

 

July 16, 2019

Everything You Wanted to Know About Sunrooms

Let the Sunshine In! CLICK Here to View  More HomesDifferent Types of Sunrooms

Also known as a solarium or conservatory, a sunroom expands your home’s usefulness during the less seasonable months of the year. If you’ve decided that it’s for you, then you’ll need to decide between a three-season and four-season porch.

A three-season porch is most typically used in milder weather — spring, summer and fall — while a four-season porch is designed to be heated and cooled so you can enjoy the room even on those freezing winter days or summer scorchers.

“Heated concrete or stone floors are especially popular in four-season rooms, and choosing the right windows can help bring the outdoors in without driving up heating and cooling costs,” CLICK Here to View More Homes

July 15, 2019

Do you have a Dream Home in mind

Exclusive Real Estate Services:  Do you have a Dream Home in mind, but no time or patience to muddle through a MLS, Zillow, Trulia or Homes search? No problem! Let us work for YOU. Unlike other real estate agents that want you to search some web site and click, click, click  Contact us and we will help you find that Dream Home of your own 

Posted in Market Updates
July 15, 2019

Get up to 4 offers for your mortgage.

Exclusive Real Estate Services: Get up to 4 offers for your mortgage. Compare Home Lender that Suits You the Best. We work with lenders that other buyers have used to find the best loan for your situation, Contact us and we will send you a list of mortgage lenders to answer your questions

Posted in Market Updates
July 14, 2019

New bill slashes FHA mortgage insurance for first-time homebuyers

JustListedKnoxville.com New bill slashes FHA mortgage insurance for first-time homebuyers

New bill slashes FHA mortgage insurance for first-time homebuyers. Borrowers who undergo counseling can get a discount on their upfront mortgage insurance.

The House of Representatives passed a bill Tuesday that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the Federal Housing Administration.

The Housing Financial Literacy Act of 2019, or H.R. 2162, stipulates that first-time homebuyers who complete a housing counseling program to learn about sustaining homeownership can get a 25-basis-point discount (0.25%) on their upfront mortgage insurance for an FHA loan.

Tim Sharp  applauded the bill’s passage. CLICK HERE View Newest Listings Realtor’s, Zillow, Homes, Trulia MLS Listed Homes

July 14, 2019

Casino Gambling | Sevierville, Pigeon Forge, Gatlinburg

Casino Gambling | Sevierville, Pigeon Forge, Gatlinburg

The EBCI assembled 122 acres that abut Smokies Stadium. The Eastern Band of Cherokee Indians will enter into a $13.5 million contract to purchase 197.62 acres of land along Interstate 40 in Tennessee following a unanimous vote from Tribal Council July 11. The property is located south of I-40 just east of the Exit 407 interchange and borders I-40 for about a mile. On the other side of the highway lies another piece of property recently purchased by the tribe. The property is directly behind the Tennessee Smokies Minor League Baseball stadium. It’s adjacent to a retail center that includes a Bass Pro Shop. It’s also in an area zoned for commercial development. “The land is an outstanding commercial property that can be developed in other ways,” the chief said. Tribal Council voted in February to buy the 122-acre tract for $7.5 million. Sevierville Public Information Officer Bob Stahlke said the city has talked to the Cherokee, but hasn’t discussed specific development plans – yet, anyway.

Ever wanted to own property near the Great Smoky Mountains National Park? Mountain Views & Established Rental Income! For all our buyer clients looking for an investment cabin, this is the ultimate dream purchase! Cabins can produce an ROI that is hard to resist. 

Sevierville, Pigeon Forge, Gatlinburg Tim Sharp 865-705-2062 “listing agent and buyer’s specialist Realtor”

June 24, 2019

Search Smarter Realtor’s, Zillow and Trulia MLS Listed Homes

JustLISTEDknoxville.com Search Smarter Realtor’s, Zillow and Trulia MLS Listed Homes for you. Tim Sharp 865-705-2062 REALTOR , We can be reached by phone, email, or even by text messaging.

 

P.S. Know of friends, neighbors, associates or family members considering making a move interested in buying or selling home or investing in real estate, Please feel free to forward this e-mail to them. Just Listed Knoxville Estate LLC

 

July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates