Why This West Knoxville Neighborhood Is the Talk of Tennessee
Why This West Knoxville Neighborhood Is the Talk of Tennessee
Blog Article
A home is the most valuable possession of any owner. Perhaps you are now in a position where you want or need to sell your home, and you're looking at homes for sale in your area. Whether it's due to a recession, a new job, or simply wanting a change in your environment, selling your home and buying a new one is an important decision. When you're ready to make this step, it is imperative to find a real estate agent who is experienced on both ends of the real estate spectrum - in buying and selling.
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.
Furthermore, the lender sets the price --- it's not like it starts at $1 and goes up. Lenders put a property on the market starting at what's owed on it usually. So, for example, if a Knoxville home for sale owes $50,000 on a property, that's what the starting bid would be.
You must also beware of the intention of the property owner. If they are selling knoxville homes for sale with pool the wrong reasons, then it might have an impact on your reputation or the sale of the house, later on.
Example Selling agent agrees to take knoxville homes for sale by owner less due from seller at closing than is mentioned on the listing agreement. Seller agrees to pay $5,000 towards buyers closing costs and pre-paids (make sure that your agent writes it up in accordance with his state laws).
The long and short of it is you need to handle everything when you're selling your own home. A good for sale by owner brokerage will get your house listed on MLS so that other Knoxville home for sale buyers and potential buying agents can see find the house, however after that it's all you.
Real estate is not a good or bad investment - it can be all of the above. The point of the article is that people misrepresent what actually happens in real estate by leaving out selected information. It is usually losses and monthly expenses that are ignored in favour of the big gain made on the price. All aspects of the investment need to kept together to find out if it is really worth it for you to copyright estate.