If you dream of buying a home in Knoxville, you are about to embark on an exciting journey. You may already have spent several enjoyable hours swiping through listings for fun, dreaming of what your new home will look like. However, once you really get into the nitty-gritty of buying a home in Knoxville, it can quickly become a stressful experience! When you start seriously going through potentially hundreds of listings trying to find homes that fit your needs and your budget, the process can start to lose its shine, especially if you lose a bidding war along the way. With that in mind, we’ve put together a few tips to help you with buying a home in Knoxville without too much stress.
Get Pre-Approved For A Mortgage
One of the most crucial steps in buying a home in Knoxville is to secure a pre-approval for your mortgage before you start your search. Imagine finding your dream home, only to discover that you can't afford it. A pre-approval letter sets out the maximum home loan you've been approved for, allowing you to focus your search on homes within your budget. It also gives you an edge as a serious buyer who can close the deal quickly, increasing your chances of securing your dream home.
Make a List of Your Deal Breakers
What does your dream home look like? Think about the features you absolutely cannot live without and create your list of deal breakers. You can eliminate any listing that does not fit these criteria, creating a shortlist of properties that you might want to arrange viewings. However, keep your list realistic; otherwise, you will have difficulty buying a home in Knoxville. Your deal breakers should be things you cannot live without, such as the number of bedrooms, an easy commute to work, or a home office. You may also want to have a second list of things that are wants rather than needs, which can be used to shorten your list of potential properties even further. This list would be things that you would like, but that won’t stop you from buying a property if they are missing. Examples might be a pool or space for a home gym.
Choose a Neighborhood
It’s not just the features of the property itself that you need to consider when buying a home in Knoxville. The neighborhood is also going to play an important role. Think about the local amenities that matter to your family. Look at the school district, the local amenities, outdoor recreation opportunities, walkability, parking, and shopping. We recommend taking some time to drive around or hang out in some of the neighborhoods you are interested in to get a better sense of what it might be like to live there. If you find a neighborhood that you know is ‘the one,’ you can use the zip code to narrow down your search for suitable listings.
Keep Notes On Viewings
When buying a home in Knoxville, you will likely go to a lot of open houses and viewings. After a while, the houses may start to blur together, and you may not remember details from specific houses. That’s why it is a great idea to keep notes and take photographs. This will help you to remember the good, the bad, and the ugly of each property you visit. Make notes about the features you really loved and any repairs you spot that need to be done before closing. It is also a good idea to take note of anything you will need to renovate once you move in. With notes and photographs in hand, it is much easier to go back over the listings and narrow down your search for that dream home.
Work With a Local Real Estate Company
When you are buying a home in Knoxville, having someone who knows the local area in your corner can be invaluable; choose a local real estate company like Wright Realty to guide you through the process of buying a home in Knoxville. With a wealth of knowledge about the local area and experience of the Knoxville housing market, they can help you find the best neighborhood to suit your needs and help find the listings that fit your wish list and your budget. This can go a long way to making buying a home in Knoxville much less stressful!
--
Wright Realty is a full-service real estate concierge with a wholistic approach to buying and selling property in East Tennessee. We are your trusted advisor and keep open communication throughout your entire buying/selling process. Real Estate done "Wright" means more than just a 'transaction'.
Finding Your Property the "Wright" Way!
Visit www.realtydonewright.com or call 865-556-8599