How This Knoxville Home Blends Functionality with Elegance
How This Knoxville Home Blends Functionality with Elegance
Blog Article
Preparation is the key to a smooth and successful short sale transaction. As with many things in life, proper planning is always the preferred method when approaching a financial transaction. And that is just what a short sale transaction is, a financial transaction involving multiple parties all with different goals or objectives.
If there are any new features or work that has been done, a listing is the place to highlight it. New flooring, a new roof, windows and furnace could be of importance to a buyer. Someone searching through many listings and advertised homes may find that just a few have some of the things they are looking for.
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.
However, today, this information is available easily online. Buyers can even look at the history of the listings to obtain information about the purchase of the property and how long it has been listed on the Knoxville home for sale market. They can even compare properties to gain an idea of the approximate value of knoxville homes for sale with pool in the local market. In this scenario, one might question the very need to even have a realty agent.
Even though you only have knoxville homes for sale by owner to pay down payment you will still need the required earnest money. HUD requires a buyer to submit with the Purchase Contact earnest money of $1,000 if the purchase price is over $50,000 and $500 if the purchase price is under $50,000.
Too often for sale by owner homes stay on the market for weeks and even months without a single offer. Perhaps the biggest cause of this is a lack of visibility. If people don't know your home is for sale, they won't know to make an offer on it.
I believe you will do well by choosing The Neil Co. Century 21 Real Estate. It's a great company with great management, good history, and professional brokers.