Necessary Repairs to Sell Your Home

In this Knoxville home market, buyers are expecting the property to be “move in” ready. In order to sell your house in this competitive market, these repairs should be made before you list your Knoxville home for sale.

Repair and clean the gutters. Loose or hanging gutters are a huge red flag that the property hasn’t been maintained.

Fix cabinet doors that are askew. Make sure all cabinet doors can open and close easily.  Cabinet pulls and hardware should be updated and installed properly.

Replace chipped tile and re-seal grout. A cracked or chipped tile will stick out like a sore thumb to potential buyers. It leaves an impression that the home will require a lot of work before moving in.

Repair leaky or dripping faucets. You might not notice a drippy faucet, but a potential buyer will.

Patch nail holes. A little putty and paint and potential buyers will never know where pictures or posters used to hang.

Eliminate odors. Candles or potpourri can’t mask powerful kitchen odors or the smell of smokers living in the home. Cleaning can usually eliminate most kitchen smells, but certain deep fried cooking aromas can permeate the cabinets, ceiling, and walls. A more thorough, deep scrubbing might be necessary. For smokers, cleaning might not be enough. Removing carpet and painting the walls may be the only way to eliminate the smell of smoke.

Clean the baseboards. Dust and grime accumulate along the baseboards and in corners where the vacuum and mop can’t reach. Spend some extra time getting those hard to reach places.

Remove peeling wallpaper. Outdated, peeling wallpaper represents a headache to a potential buyer. Remove the wallpaper and go with a neutral paint color.

Making all these necessary repairs will give you an advantage when trying to sell your Knoxville home. If you have any questions about listing your house, then contact an experienced Realtor, like Judi Starliper and the J-Star Team.

Real Estate Transaction Costs

Knoxville real estate transactions are like any major purchase. Whether you’re a first time home buyer or purchasing a Knoxville luxury home, doing your homework could save you money in the long run.
For example, did you know that some costs associated with closing a real estate transaction are negotiable? While some in the Knoxville home market may do their mortgage research online, Knoxville Realtors suggest shopping the interest rate and closing costs with local mortgage brokers. Knoxville real estate agents advise clients to ask the mortgage broker for a good faith estimate of closing costs and review it line by line. Also, don’t hesitate to ask the lender which fees are negotiable and which are fixed.
An advantage with working with a local lender is that if a question arises throughout the transaction, you or your Knoxville Realtor can pick up the phone or make a visit to the mortgage broker’s office to handle deal with any questions.
Those in the Knoxville real estate market who might be cash-strapped will be pleased to know that sellers can offer to pay the closing costs. An experienced Realtor can assist Knoxville first time home buyers to negotiate a deal with the seller. For example, if the purchase price is $100,000 and the closing costs are $6,000, a deal may be negotiated to offer the seller $106,000 if they pay all of the closing costs.
A real estate transaction can be confusing and at times, frustrating. An experienced Knoxville Realtor will walk you through the transaction and ensure that you will be pleased with the end result.

Advice for First Time Homebuyers

Buying a home can be overwhelming. It can be difficult to know what steps to take and when. That’s why it’s good to have an experienced Realtor who can help you with the process. Judi Starliper knows the Knoxville area real estate market and she made a video to help first time home buyers.

Top Reasons to Buy a Home Now

With the current economy, everyone seems to be in a holding pattern. Some people say they are waiting to make financial decisions, like the purchase of a home. This decision to “hold off” on purchasing a home could turn out to be a costly one.

Here are some top reasons why now is the perfect time to buy a house:

* Interest rates are at historically low levels. For example, for each $100,000 financed, the potential monthly savings is $67 at 4.5 percent compared to 5.5 percent. This one-point rate difference on $100,000 financed can save almost $22,000 over the life of a 30-year loan.

* Ample inventory on the market means you can be selective and find the home that suits you and your family.

* Motivated sellers are negotiating more than ever on the sales price of their home.

* Many loan programs are still available for borrowers to qualify for a mortgage.

If you are ready to take advantage of this “buyer’s market,” contact Judi Starliper and her J-Star Team. They can help you find the perfect home. For more information of mortgage interest rates, contact Neal Bailes of Real Estate Finance Group.