The decision to refinance your home is not one to be taken lightly. Like any financial strategy, refinancing has its pros and cons, and it must align with your lifestyle and investment goals. Here's a closer look at what refinancing entails, its advantages and disadvantages, and when it might be a good or bad idea. Refinancing is the process of replacing your existing mortgage with a new one, typically with better terms. This can mean a lower interest rate, a shorter loan term, or switching from an adjustable-rate to a fixed-rate loan. The goal is to reduce your monthly payments, pay off your mortgage faster, or tap into your home's equity. Let's start with the pros. Refinancing often comes with lower interest rates, which can save you a significant amount in the long run. For instance, if you originally took out a 30-year loan at a 6% interest rate, and you refinance to a 4.5% rate, you could potentially save tens of thousands of dollars over the life of the loan. Another pro is the possibility of shortening the term of your mortgage. If you've been dutifully paying off a 30-year mortgage and can now afford larger monthly payments, you might refinance to a 15-year mortgage. You'll pay off your home loan faster and save on interest— a double win! Refinancing can also allow you to switch from an adjustable-rate mortgage (where the interest rate fluctuates) to a fixed-rate mortgage. With a fixed-rate mortgage, you're locked into a set interest rate for the life of the loan, which can simplify budgeting. The ability to cash out some of your home equity is another advantage of refinancing. This essentially converts a portion of your home's value into cash, which you can use for home improvements, debt consolidation, or other expenses. However, refinancing isn't suitable for everyone. The process of refinancing can be time-consuming and expensive. Closing costs for refinancing can range between 2% to 5% of the loan amount. You'll need to consider whether the potential savings outweigh these upfront costs. Furthermore, refinancing to a shorter term mortgage or cashing out home equity will likely increase your monthly payments. This could be a con if you’re not financially prepared for higher monthly obligations. Refinancing can also extend your repayment period if you opt for a longer-term loan, which means you'll be in debt for a longer time. Lastly, if your credit score has taken a dip since you took out your original mortgage, you might not qualify for a lower interest rate. In such a scenario, refinancing might not be in your best interest. To sum up, refinancing your home can be a powerful financial tool, but it's not always the best move. It's crucial to consider your lifestyle, financial situation, and long-term investment goals. If you're unsure, consult with a financial advisor or mortgage professional to understand better if this strategy is right for you. Always remember, understanding your options and making informed decisions is the key to achieving financial success. For more information, contact Shawn Wilmoth REALTOR®  ShawnWilmoth.com

As a potential homebuyer, you may wonder if there is a specific day that is best to make your purchase. While there is no guaranteed answer, there are a few factors to consider when deciding when to buy your new home. Knowing the Market First, it's important to understand that the real estate market is constantly changing and fluctuating. It's impossible to predict when the best day to buy a home will be, but there are some general trends that can be helpful to know. Time of Year One factor to consider is the time of year. During the summer months, the real estate market tends to be more competitive, with more people looking to buy and sell homes. This can drive up prices and make it more difficult to find a good deal. In contrast, the winter months are typically slower, which can lead to more affordable prices and less competition. Another factor to consider is the day of the week. Some experts suggest that Wednesday is the best day to make an offer on a home. This is because many home sellers will review offers on the weekends and may be more likely to accept an offer that comes in mid-week. However, it's also important to keep in mind that the best day to buy a home will vary depending on your personal situation. For example, if you have a specific deadline for when you need to move, you may not have the luxury of waiting for the "perfect" day to buy. It's also important to consider your own financial situation and whether you are able to afford the home you are interested in. Ultimately, the best day to buy a home is the day that works best for you and your family. If you find a home that you love and can afford, it's better to make an offer sooner rather than later. Waiting for the "perfect" day could mean that you miss out on a great opportunity. When it comes to buying a home, there are many factors to consider. While there is no magic formula for determining the best day to buy, keeping an eye on market trends and being prepared to act quickly can help you find the home of your dreams at a price you can afford. Real Estate Agent As a buyer, it's important to work with a trusted real estate agent who can help guide you through the buying process and provide expert advice on market trends and pricing. With the right support and a little bit of patience, you'll be well on your way to finding the perfect home. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

When it comes to buying or selling a home, one of the biggest questions that arises is what amount of commission percentage is fair to pay a realtor. This is a valid concern as it directly impacts the amount of money involved in the transaction. In this blog, we will explore the commission percentage for buyers, sellers, and new construction. Buyers As a buyer, it is important to know that the commission percentage is typically paid by the seller and split between the seller's agent and the buyer's agent. Therefore, as a buyer, you do not have to pay anything out of pocket to your realtor. The commission percentage can vary depending on the market and the type of property being purchased. In general, the commission percentage for buyers ranges from 2.5% to 3% of the purchase price of the property. Sellers As a seller, you will be responsible for paying the commission percentage to both your agent and the buyer's agent. This can range from 5% to 6% of the sale price of the property. However, it is important to note that this percentage is not set in stone and can be negotiated with your agent. When negotiating, keep in mind that the commission percentage can impact the level of service you receive from your agent. A lower commission percentage may result in less effort and resources being put into the sale of your property. New Construction When buying new construction, it is important to know that the commission percentage is often built into the price of the home. This means that the commission percentage is already factored into the cost of the home and will be paid by the builder. However, this can vary depending on the builder and the market. In some cases, the commission may not be built into the price and the buyer may be required to pay a commission percentage to their agent. It is important to clarify this with your agent before making a purchase. Fair Commission Percentage Determining a fair commission percentage can be subjective and depend on various factors such as the market, location, and the level of service provided by the agent. However, in general, a fair commission percentage can be considered as the industry standard. This means that the commission percentage is in line with what other agents in the area are charging for their services. In conclusion, when it comes to commission percentage, it is important to understand that it can vary depending on the type of transaction. As a buyer, you do not have to pay anything out of pocket for commission. As a seller, the commission percentage can be negotiated with your agent, but keep in mind that a lower percentage may result in less effort put into the sale of your property. When buying new construction, the commission percentage may be built into the price of the home. A fair commission percentage is generally considered to be in line with the industry standard. If you have any questions or concerns about commission percentage, it is important to discuss them with your agent. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Are you considering buying a house but unsure whether it's the right time to do so? It's a common question that many prospective homebuyers have. After all, purchasing a home is a significant investment, and you want to make sure you're doing it at the right time. In this blog, we'll discuss when the best time to buy a house is and how it impacts both buyers and sellers. Buyers: Timing is everything when it comes to purchasing a home. Of course, you want to buy when you have enough money saved, but there are other factors to consider. One of the most significant factors to consider is the current real estate market. When demand is high, prices rise, and homes sell quickly. On the other hand, when the market is slow, home prices may drop, and you may have more negotiating power. Another factor to consider is interest rates. When interest rates are low, you can lock in a lower mortgage rate and save money over the life of your loan. However, when interest rates rise, the cost of borrowing money increases, and your monthly mortgage payments will be higher. Finally, consider your personal circumstances. Are you ready to settle down in a particular area for a while, or do you anticipate moving in the near future? Do you have a stable job and income, or are you still building your career? Answering these types of questions will help you determine whether it's the right time for you to buy a house. Sellers: If you're thinking about selling your home, you're likely wondering when the best time to do so is. As a seller, you want to maximize your profits and sell your home quickly. One of the most significant factors that impact the timing of a home sale is the real estate market. When demand is high, homes sell quickly, and you may receive multiple offers. On the other hand, when the market is slow, you may have to wait longer to sell your home, and you may have to accept a lower offer. Another factor to consider is the time of year. Real estate sales tend to pick up in the spring and summer months, which means that you may have more buyers interested in your home during this time. However, competition may be higher during these months, so you'll need to make sure your home is in excellent condition and priced competitively. Market Update: Currently, the real estate market is red hot, and demand is high. In many areas, home prices have increased significantly over the past year, and homes are selling quickly. Interest rates are still relatively low, which means that buyers can lock in a lower mortgage rate and save money over the life of their loan. However, competition is fierce, and buyers may find themselves in bidding wars for the homes they want. While the current market favors sellers, it's still a good time for buyers to consider purchasing a home. Interest rates are still low, and there are plenty of mortgage programs available to help first-time homebuyers. However, buyers need to be prepared to act quickly and have their finances in order. In conclusion, the best time to buy a house depends on a variety of factors, including the current real estate market, interest rates, personal circumstances, and more. It's essential to do your research, understand the market conditions, and consult with a real estate professional to determine when the right time to buy is. Whether you're a buyer or a seller, understanding the market conditions and timing your transaction can help you achieve your real estate goals. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Choosing a style of home can be a difficult task. With so many options available, it can be hard to decide which one is perfect for your needs and style. Whether you are looking to buy or rent a home in Tennessee, it is important to understand the differences between the various styles of homes to make an informed decision. In this blog post, we will explore five popular styles of homes – farmhouse, timber-frame, siding, ranch, and colonial – to help you decide which one is the best fit for you. Farmhouse Style Homes If you're looking for a timeless and traditional style of home, a farmhouse might be perfect for you. Farmhouses blend practicality and style, incorporating elements like pitched roofs, wrap-around porches, and large windows. They’re great for those who want a home that feels warm, welcoming, and full of character. Timber-frame Style Homes If you appreciate the beauty of wood and want a home that feels cozy and comfortable, a timber-frame home could be a good choice. These homes feature an exposed timber frame structure, often with high ceilings and open floor plans. They offer a unique aesthetic that is both rustic and modern. Siding Style Homes Siding homes are a popular choice across the US because of their versatility and easy maintenance. Whether you’re looking for a more simple and modern style, or prefer historically accurate detailing, siding homes offer a wide range of customizable options. With materials like vinyl and fiber cement, they can be a cost-effective solution that comes with minimal upkeep. Ranch Style Homes Ranch homes are a staple of American suburban living and have been popular since the 1950s. They are typically designed with a low-pitched roofline, an open floor plan, and a simple facade. Ranch homes are perfect for those who want to live on one level and enjoy a home that is easy to maintain. Colonial Style Homes If you want a home that exudes classic charm and elegance, a colonial style may be the one to choose. These homes feature symmetrical facades, and ornate details, and are typically two or three stories tall. Whether you choose a brick or a wood exterior, colonial homes offer a timeless and enduring style. Using Shawn Wilmoth REALTOR® Choosing the right style of home is an important decision, but so is choosing the right realtor. Shawn Wilmoth is a seasoned realtor who knows the market inside and out, specializes in Middle Tennessee real estate, and can help you find the home of your dreams. With his years of experience, Shawn can guide you through the buying or renting process, and make sure you get the best deal possible. In conclusion, choosing a style of home is a personal decision that reflects your tastes and preferences. While there are many options to choose from, understanding the differences between farmhouse, timber-frame, siding, ranch, and colonial homes can help narrow down your choices. Whether you're looking for a traditional or modern home, at the end of the day, the perfect home is where you feel most comfortable. If you're in Tennessee and need a realtor to help you find the perfect home, contact Shawn Wilmoth today. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Are you considering moving to Knoxville, TN? With its beautiful scenery, friendly people, and low cost of living, it's no wonder that Knoxville is becoming an increasingly popular destination for those who want to enjoy the Southern charm and hospitality. However, moving to a new city can be a daunting task, especially if you're not familiar with the area. That's where I come in. As a local real estate agent, I've helped many families find their dream home in Knoxville and I'm excited to share my insider knowledge with you. In this blog post, I'll give you a comprehensive guide on what you need to know before moving to Knoxville, TN. Using Shawn Wilmoth REALTOR®: Before we dive into the details, I want to briefly introduce myself. My name is Shawn Wilmoth and I'm a licensed real estate agent in Knoxville, TN. When it comes to buying or selling a home, having a trustworthy and experienced realtor on your side can make all the difference. I pride myself on providing personalized service and going above and beyond to exceed my clients' expectations. If you're looking for a realtor who can guide you through the process of buying or selling a home in Knoxville, feel free to contact me. 1. Neighborhoods to Consider: Knoxville is a relatively large city with many different neighborhoods to choose from. The best neighborhood for you will depend on your specific needs and preferences. Here are some of the most popular neighborhoods in Knoxville: - Downtown: If you want to be close to restaurants, shops, and entertainment, downtown Knoxville may be the perfect fit for you. Downtown is also home to the University of Tennessee and the Knoxville Convention Center. - West Knoxville: This area of Knoxville is known for its suburban feel and family-friendly atmosphere. West Knoxville is home to several shopping malls, including Turkey Creek, and has easy access to parks and outdoor recreational activities. - South Knoxville: South Knoxville is an up-and-coming area that is attracting young professionals and families who want to live in a more affordable yet trendy area. This area has a variety of unique shops and restaurants. - Sequoyah Hills: This neighborhood is known for its beautiful homes, mature trees, and proximity to the Tennessee River. If you're looking for a more upscale area, Sequoyah Hills may be the right choice for you. 2. Cost of Living: One of the major selling points of Knoxville is its low cost of living. Compared to other cities in the US, Knoxville is incredibly affordable. The median home price in Knoxville is around $200,000, which is significantly lower than the national average. Additionally, the cost of groceries, healthcare, and transportation are all below the national average as well. This makes Knoxville an attractive destination for anyone looking to stretch their dollar further. 3. Job Market: Knoxville is home to several large employers, including the University of Tennessee, Oak Ridge National Laboratory, and Covenant Health. The job market in Knoxville is relatively stable and diverse, with opportunities in healthcare, education, and manufacturing, among others. The low cost of living also means that salaries can go further than in other cities. 4. Outdoor Recreation: One of the biggest draws of living in Knoxville is its proximity to some of the most beautiful outdoor recreational areas in the US. The Great Smoky Mountains National Park is just a short drive away and offers opportunities for hiking, camping, fishing, and more. Additionally, the Tennessee River runs right through Knoxville, providing ample opportunities for boating, fishing, and other water activities. Knoxville also has several public parks and greenways within the city limits. 5. Education: If you have children or are planning to have kids in the future, education is likely a top priority. Fortunately, Knoxville has several excellent public and private schools, as well as higher education options. The University of Tennessee is a major research university and is one of the top employers in the area. Additionally, Knoxville has several highly-regarded private schools that offer a variety of educational philosophies. Moving to Knoxville, TN is a great choice for anyone who wants to enjoy a low cost of living, beautiful scenery, and Southern hospitality. With its diverse neighborhoods, stable job market, and abundant outdoor recreational opportunities, Knoxville has something to offer everyone. If you're looking to buy or sell a home in Knoxville, feel free to contact me for personalized service and expert guidance. I can't wait to welcome you to our wonderful city! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

If you are looking to invest in real estate or move to a new state, there are plenty of options in the US. However, Kentucky and Tennessee are two states that offer an exceptional experience for home buyers, renters, and sellers. But which one is better for you to invest in? This blog post analyzes Kentucky vs Tennessee based on the cost of living, housing options, job opportunities, and educational facilities, providing insights into which state is best for you. If you are looking for a detailed breakdown of the benefits of each state, read on. Cost of Living: One of the most important factors to consider when choosing a state to live in is the cost of living. When comparing the cost of living in Kentucky vs Tennessee, both states are relatively affordable. However, Kentucky offers a lower cost of living compared to Tennessee, with an average cost of living index of 91.8 compared to Tennessee's 94.5. Housing Options: When it comes to housing options, both states offer a variety of choices for home buyers, renters, and sellers. In Kentucky, popular cities like Louisville, Lexington, and Frankfort provide affordable housing options while also offering easy access to modern amenities such as shopping, entertainment, and healthcare facilities. On the other hand, cities like Nashville, Knoxville, and Chattanooga in Tennessee offer more expensive housing options but come with an excellent quality of life. Job Opportunities: Kentucky and Tennessee might not be the first states you think of when it comes to job opportunities. However, both states offer diverse job markets, ranging from automotive manufacturing to medical facilities. When considering job opportunities, Tennessee offers a larger job market compared to Kentucky, with a more significant number of job openings and a lower unemployment rate. Educational Facilities: Both Kentucky and Tennessee offer several educational facilities that are top-rated in the country. In Kentucky, you'll find a range of public and private schools, colleges, and universities that offer quality education. On the other hand, Tennessee is home to some of the finest educational institutions, including Vanderbilt University, University of Tennessee, and Lipscomb University. Entertainment and Recreational Options: Lastly, both states offer a diverse range of entertainment and recreational options to explore. Kentucky boasts natural beauty with breathtaking views of mammoth caves and horse racing tracks. Tennessee, on the other hand, is the home of Country Music, the Great Smoky Mountains, and the famous Dollywood theme park. In conclusion, both Kentucky and Tennessee offer great living options, depending on your budget and preferences. However, when it comes to the cost of living, job opportunities, and housing prices, Kentucky offers a better deal. Nonetheless, if you are looking for a higher quality of life with plenty of entertainment and recreational options, Tennessee is the way to go. Whenever you decide to invest in the real estate market, ensure you consult with a professional realtor. They can guide you in making informed decisions regarding your investment. In any event, whether you choose Kentucky or Tennessee, both states are great places to call home. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Finding the perfect place to call home in Knoxville, Tennessee can be tough, but it doesn't have to be. Working with a knowledgeable and reliable realtor like Shawn Wilmoth can make all the difference in finding your dream home. In this article, we will explore what it means to work with a real estate agent in Knoxville, and why Shawn Wilmoth REALTOR® should be at the top of your list. What is a Realtor? A realtor is a licensed real estate agent who belongs to the National Association of Realtors. They are held to a high ethical standard and must follow a strict code of ethics. Additionally, realtors have access to exclusive information and tools that can help you buy or sell your home more efficiently. Working with a realtor in Knoxville like Shawn Wilmoth will give you access to years of knowledge and expertise. Why Work with a Realtor in Knoxville? Knoxville is a unique city with many different neighborhoods and communities. Working with a realtor who knows the ins and outs of Knoxville can make all the difference. Shawn Wilmoth REALTOR® has extensive knowledge of the local market and can help you navigate the buying or selling process with ease. With years of experience in the Knoxville real estate market, Shawn can help you find that perfect home or sell your home quickly and efficiently. Benefits of Working with Shawn Wilmoth REALTOR® When working with Shawn Wilmoth REALTOR®, you can expect personalized attention and top-notch service. Shawn has a reputation for going above and beyond for his clients. He will work with you every step of the way to ensure that your buying or selling experience is as stress-free as possible. Shawn's knowledge of the Knoxville market, coupled with his attention to detail, makes him the perfect realtor to help you find your dream home. How to Get Started Finally, if you're interested in working with Shawn Wilmoth REALTOR® to buy or sell your home, the first step is to schedule a consultation. During this meeting, Shawn will get to know you and your specific needs. This will allow him to tailor his services to your unique situation. Once Shawn has a good understanding of what you're looking for, he'll work tirelessly to find your dream home. Working with a realtor in Knoxville, like Shawn Wilmoth REALTOR®, can make all the difference in finding your perfect home. Shawn has extensive knowledge of the local market and is dedicated to providing his clients with top-notch service. If you're in the market for a new home in Knoxville, schedule a consultation with Shawn today. He'll help you navigate the buying or selling process with ease, ensuring that you find your dream home quickly and efficiently. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

One of the biggest concerns for home buyers is the interest rates. When the interest rates are high, many buyers feel that they should wait until the rates go down before buying. However, waiting may not always be the best option. In this blog post, we will discuss why buyers should consider purchasing even when the interest rates are high. 1. Lock-In Guaranteed Interest Rates When you buy a property when interest rates are high, you can lock-in the guaranteed interest rates. If you wait for the rates to go down, there is no guarantee that they will stay low. By buying now, you can secure your loan at a fixed interest rate, which means that your monthly payments will remain the same throughout the life of the loan. 2. Increase Your Buying Power When interest rates are high, sellers may be willing to negotiate the price of the property. This can increase your buying power, allowing you to purchase a property that may have been unaffordable when interest rates were low. This is especially helpful in a competitive market where prices may be high due to high demand. 3. Return on Investment Buying a property is an investment, and the longer you hold on to it, the more money you can make. Even if you buy at a higher interest rate, over time, the value of the property may increase, and the interest rate may have less of an impact on your ultimate return on investment. 4. Time on the Market If you plan to buy a property and rent it out, higher interest rates can work in your favor. When interest rates are high, some potential buyers may be deterred from buying, making rental properties more in demand. This can lead to potentially higher rents and a more active rental market. 5. Peace of Mind Last but not least, buying a property can provide peace of mind. If you rent, you are always at the mercy of your landlord. Buying a property gives you the ability to make decisions about your home and gives you more control over your living situation. Owning your own home can give you a sense of freedom and security that renting can’t provide. There are many reasons why buyers should consider buying even when interest rates are high. By locking in guaranteed interest rates, increasing your buying power, and gaining a potential return on investment, buying now may be a better financial decision in the long run. Don’t let high interest rates discourage you from making an investment in your future. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

If you are in the process of buying a home, you must have come across the term "real estate disclosures." Real estate disclosures are legal documents that provide information about a property's condition, history, and other relevant details. As a home buyer, understanding these disclosures is crucial to making an informed decision. In this blog post, we’ll take an in-depth look at real estate disclosures, what they are, and why they matter. What Are Real Estate Disclosures? Real estate disclosures are legal documents that provide important details about a property that a home buyer should know before making an offer. These documents are typically provided by the seller or their agent, and they are designed to protect the buyer from any potential surprises after the sale. Disclosures vary from state to state, but most cover the property's condition, potential defects, past renovations or repairs, and any other material facts that can affect the property value. Types of Real Estate Disclosures: There are several types of real estate disclosures. Some of the most common ones include: 1) Property Disclosure: This form covers information about the property's condition, including any known defects, such as leaks or structural damage.2) Lead-Based Paint Disclosure: This is required for any home built before 1978, which is when lead-based paint was banned.3) Seller's Property Condition Disclosure: This form provides a complete record of the property's condition and all installed systems, appliances, and features.4) Natural Hazard Disclosure: This covers any natural hazards that may affect the property, such as flooding or earthquakes. Why Are Real Estate Disclosures Important? Real estate disclosures are essential because they help buyers make informed decisions. By knowing what the potential problems are, homebuyers can avoid expensive repairs or unexpected surprises after closing. Disclosures also protect sellers from future legal problems by disclosing any material defects or issues upfront. What Happens If There Are Issues Disclosed? If a seller discloses any issues with the property, the buyer has the opportunity to review the disclosure documents and decide whether to proceed with the purchase. If there are significant issues, the buyer can ask the seller to fix them or renegotiate the price of the property. Additionally, the buyer can choose to hire a home inspector prior to closing on the property if they want to ensure that any potential issues are identified before making an offer. In conclusion, real estate disclosures play a vital role in the home buying process. They provide transparency and help buyers make informed decisions. For sellers, they protect them from potential legal problems down the road. As a home buyer, it is crucial to review all disclosures carefully and ask questions if necessary. A competent real estate agent or attorney can help you understand these disclosures better and avoid any unpleasant surprises in the future. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Are you buying or selling a home and heard the term “pending deal?” What does this mean, and why is it significant? When a home is listed for sale, buyers make offers, and once the seller accepts, a contract is written and executed. This contract comes with various contingencies, including a pending status. We will explore what a pending status means and how it affects home buyers, renters, sellers, and visitors. What does pending status mean? A pending status means that an offer has been made on the property, and the seller has accepted the offer. However, the deal is not yet final as there are still contingencies to be met before the sale can close. Contingencies may include a home inspection, financing, and appraisal. These contingencies must be met before the sale can close. Until then, the property is considered to be in a pending status. What happens during the pending period? During the pending period, the buyer will perform any necessary due diligenc. That may include scheduling a home inspection and appraisal. The home inspection may uncover defects or issues that need to be resolved, usually resulting in another round of negotiations. The buyer may also need to obtain financing for the purchase. Pending status lasts until all contingencies are met, and the sale is ready to close. Why is pending status important to buyers? When a property is in a pending status, it is no longer available for sale. If you’re looking to buy a property and see it listed as pending, you can still make an offer. It’s possible that the seller won’t consider it until the current pending deal falls through. It’s rare for a seller to accept another offer while their property is in pending status unless the initial offer falls through. What about sellers? For sellers, a pending deal is a good sign that their property will sell soon. However, the deal is not final until all contingencies are met, and the sale is closed. There is always a chance that the buyer may back out during the pending period if they are unable to meet the contingencies. For this reason, sellers can still accept backup offers. A backup offer is a secondary offer from a different buyer, just in case the initial pending deal falls through. What about renters and visitors? For renters, a pending deal doesn’t affect them unless they are interested in buying the property they are renting. Visitors who are considering buying a home can use pending status as a way to gauge the level of competition in the market. If a property is pending within a few days of being listed, it means that the market is hot, and buyers must act quickly to make an offer. If you’re buying or selling a home, then understanding what pending status means is essential. Buyers should be aware that a pending status means that the property is no longer available for sale. Sellers should know that the deal is not final until all contingencies are met, and they can still accept backup offers. The decision to accept backup offers is ultimately up to the seller, and they are under no obligation to do so. Pending deals may be a sign that the property will sell soon, but there is no guarantee until all contingencies are met, and the sale is finalized. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Buying or selling a property can be a daunting task, especially if you are unfamiliar with the Tennessee real estate market. That's why it's crucial to enlist the services of an experienced Tennessee REALTOR®. They can provide you with expert guidance and support throughout the entire process. In this blog, we'll explore the various ways an experienced Tennessee REALTOR® can assist you in achieving your real estate goals. Comprehensive Knowledge of the Tennessee Real Estate Market An experienced Tennessee REALTOR® possesses comprehensive knowledge of the local real estate market. Including information on trends, pricing, and the value of different properties. This knowledge is crucial in helping you make informed decisions about buying or selling a property. Your REALTOR® can provide you with up-to-date information on supply and demand, property values, and other relevant market indicators. Expertise in Buying and Selling Properties in Tennessee An experienced Tennessee REALTOR® can provide you with specialized assistance in buying or selling a property. Additionally, they can use their expertise to help you navigate the complex legal and financial aspects of the process. Buying or selling a property involves a multitude of tasks. Such as, negotiating prices, preparing legal documents, conducting inspections, and appraising properties. It all can be overwhelming if you do not have the appropriate experience and expertise. Access to a Wide Network of Industry Professionals and Resources An important benefit of working with an experienced Tennessee REALTOR® is that they have access to a wide network of industry professionals. Anywhere from,  home inspectors, lenders, appraisers, attorneys, and other relevant experts. Your REALTOR® can facilitate communications between you and these professionals, making the process more efficient and streamlined. Guidance in Pricing Properties Accurately Based on Market Trends and Analysis Pricing your property accurately is important to ensure that it sells quickly and at the best price possible. An experienced Tennessee REALTOR® can provide you with expert guidance in pricing your property based on accurate market analysis and trends. This will help you avoid overpricing, which can deter potential buyers, or underpricing, which can result in lost revenue. Skillful Negotiation on Behalf of Clients to Achieve Favorable Deals Negotiating on behalf of clients is a critical skill that experienced Tennessee REALTORS® possess. They know how to navigate and negotiate through various scenarios and outcomes to get the best results for their clients. If you work with an experienced Tennessee REALTOR®, they will be able to provide you with the necessary expertise to achieve favorable deals. Assistance in Preparing and Reviewing Contracts and Legal Documents Preparing and reviewing legal documents and contracts is an essential part of buying or selling a property in Tennessee, and it can be a complex process. An experienced Tennessee REALTOR® can help you with the legal requirements and the technicalities of these documents, and ensure that you understand every detail before you sign on the dotted line. Expert Advice on Property Inspections, Appraisals, and Financing Options An experienced Tennessee REALTOR® can provide you with expert advice. From property inspections, appraisals, and financing options, which are key considerations when buying or selling a property. They can help you identify potential issues and offer expert advice on financing options and appraisals. A Dedication to Providing Exceptional Customer Service and Building Long-Term Relationships with Clients An experienced Tennessee REALTOR® is dedicated to providing exceptional customer service and building long-term relationships with their clients. They understand that buying or selling a property can be a stressful and emotional experience. They are there to provide you with the support and guidance you need. Overall, enlisting the services of an experienced Tennessee REALTOR® can provide you with the expertise, support, and guidance needed to achieve your real estate goals. They possess comprehensive knowledge of the local real estate market, have extensive experience in buying and selling properties, and provide invaluable assistance throughout the entire process. Working with an experienced Tennessee REALTOR® can save you time, money, and stress, and provide you with peace of mind knowing you have the support of a qualified professional every step of the way. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Buying a home or commercial property is a major investment that comes with a high level of financial risk. You want to make sure that your investment is protected. But, how can you protect yourself as a home or commercial property buyer? In this blog post, we'll provide you with a comprehensive guide to protecting yourself as a real estate buyer, complete with helpful tips and expert advice. 1. Do Your Research One of the most important things you can do to protect yourself as a property buyer is to do your research. Research the location, the neighborhood, the property, the market, and the real estate agent you're dealing with. This will help ensure that you're making an informed decision and that you won't be taken advantage of. 2. Hire a Real Estate Attorney A real estate attorney can help protect your interests as a buyer. They can review contracts, negotiate on your behalf, and advise you on any legal issues that may arise. Hiring an attorney is especially important when buying a commercial property, as the legal issues involved are often more complex. 3. Get a Home Inspection Before closing a deal, make sure to get a home inspection. A home inspection can reveal any potential problems with the property that would otherwise have been missed. If any issues are found, use this information to negotiate repairs or a lower price with the seller. 4. Purchase Title Insurance Title insurance is a type of insurance that protects you against any losses that may occur as a result of defects in the title of the property. While it's not required in all states, it's recommended that you purchase title insurance to protect yourself against any potential loss. 5. Understand Your Mortgage If you're taking out a mortgage to finance your property purchase, it's important to understand the terms and conditions of your mortgage. Make sure to carefully review the agreement and ask any questions you may have. Don't sign anything until you fully understand your obligations. 6. Trust Your Gut Finally, when it comes to buying real estate, always trust your gut. If something doesn't feel right, it probably isn't. Don't be afraid to walk away from a deal if something seems off. Remember, you're the one investing your hard-earned money, so make sure you're comfortable with your decision. Buying a home or commercial property can be a stressful experience, but by following these tips, you can protect yourself and your investment. Do your research, hire a real estate attorney, get a home inspection, purchase title insurance, understand your mortgage, and trust your gut. With these steps, you can be confident that you're making an informed decision and safeguarding your financial future. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com  

Are you in the market for a new house, apartment, or any other type of real estate property? As a homebuyer or seller, it's important to understand the different agreements that exist in the real estate industry. Two of the most common agreements are exclusive right and exclusive agency. They may seem similar at first, but they have different terms, legal implications, and obligations. In this blog post, we will explain the difference between exclusive right and exclusive agency real estate agreements. Exclusive Right Agreement: What is it? An exclusive right agreement is a legal contract between the real estate agent and the home seller. This agreement gives the agent the exclusive right to sell the property during a specific period. What this means that the agent has the sole authority to market the property, find buyers, and complete the transaction. The seller cannot engage with any other agent or broker. Additionally, will not have to pay any additional fees, even if they find the buyer themselves. Exclusive Agency Agreement: What is it? An exclusive agency agreement is another type of contract between the real estate agent and the seller. In this agreement, the seller chooses one agent to exclusively market and sell the property. However, unlike the exclusive right agreement, the seller retains the right to sell the property through their own efforts and without the involvement of the agent. If the seller sells the property themselves, they will not have to pay any commission to the agent. 1. Legal Implications The exclusive right agreement is the most secure for real estate agents. Real estate agents will get paid regardless of how the property was sold. In contrast, in an exclusive agency agreement, the agent will only get paid if they're the one who introduced the buyer to the property. Otherwise, there is no commission for them. 2. Obligation With exclusive right, the real estate agent has to put more effort and money into marketing the property since they are guaranteed to earn a commission. The agent will use different tactics to attract potential buyers. Such as advertising, open houses, and online marketing. In the exclusive agency agreement, the agent's efforts are limited because the seller has the option to sell the property themselves. 3. Exclusivity In an exclusive right agreement, the seller is not allowed to work with any other agent or broker to sell the property. They still can still sell it on their own. An exclusive agency agreement, the seller is allowed to sell the property themselves and only the agent that the seller had selected can market and sell the property. In conclusion, opting for an exclusive right or exclusive agency agreement has its advantages and disadvantages. An exclusive right agreement is more secure for the real estate agent, and the effort put into marketing the property will be higher. On the other hand, an exclusive agency agreement provides the seller with flexibility and lower commission fees if they sell the property themselves. When deciding which agreement to choose, sellers should consider their personal and financial goals and consult with a real estate expert. By understanding the difference between these two real estate agreements, you will be well-equipped to make the best choice for your situation and get the most out of your sale. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

The East Tennessee Market The east Tennessee real estate market has been in a season not much different than other preferred south eastern American markets.  So, property values are soaring and product is becoming scarce. Cleaver real estate professionals look to creative ways to either find a unique niche or take advantage of opportunities.  But, some in the business pass by opportunities that might require sharing or splitting commissions.  In the Knoxville and surrounding counties such as Jefferson, Cocke and Hamblen there are lots of opportunities for an agent with initiative beyond just showing and hoping for a quick and smooth sale. Working with and selling D.R. Horton homes is one way to distinguish yourself from the pack.  And, let your clients know you want to find them exactly what they are looking for.   About D.R. Horton Homes One market territory that often gets overlooked is national home builders that have their own in-house sales departments. One of the biggest and most common name in home building is D.R. Horton. In 2021 D.R. Horton closed 81,965 homes.  Subsequently, this puts the home building company at 10% of the national market share. Also, D.R. Horton homes is the largest home builder for twenty consecutive years in a role. D.R. Horton had an income attributed to home sales of $4.2 billion dollars in 2021.  And, over $650 million in commissions being paid out to outside real estate professionals. One might think, with having their own marketing department and in-house sales force they would not need the help of outside realtors.  But, contrary to that they invite real estate professionals  on their website to apply and team up with their own department. There is a lot of benefits for realtors in this partnership.  For instance, once a prospective home buyer is introduced to the D.R. Horton sales force the independent realtor can ease up on the reigns and let them do what they do best, selling D.R. Horton homes. Getting the Home you Want Sometimes after searching and a lot of leg work the product which seems the most fitting either gets sold or goes off the market for a multiple of other reasons. With a working relationship with a builder like D.R. Horton homes you can be confident they either have the home your client has been dreaming of or they can find an upcoming suitable location and floor plan in one of their top ongoing developments. Your Friendly Home Town Realtor If you want to work with a real estate professional that is dedicated to finding you a home in the Knoxville or surrounding areas Shawn Wilmoth is your guy. You can be assured he will take all your hopes and expectations for a new home into account and is open to all possibilities that are available. Shawn Wilmoth understands how important it is to work with other strong leaders in the Knoxville real estate market. And, D.R. Horton is just another partnership that leads to a win-win-win for all three parties involved. Shawn Wilmoth understands his first responsibility to his client.  100% satisfaction.  Please visit other Shawn Wilmoth businesses and partnerships:

If you're on the hunt for a new home, it's easy to feel intimidated. While the current real estate market is booming, that can be a challenge for many buyers. You may not even know where to start, especially if you've never purchased a home before. Fortunately, there is a simple shortcut to finding the right home: working with a real estate agent. Technically speaking, you don't have to work with a real estate agent when finding a house. But with over 3 million active real estate licensees currently available in the United States, according to the Association of Real Estate License Law Officials, there are a few reasons why you may want to consider it. Here are just four reasons why you should have a qualified real estate agent by your side when you're buying a home. 1. Save Time Time isn't on your side when you're house hunting. In fact, lots of people only have a few months, if that, to find and close on a house. A real estate agent can cut through the homes that aren't worth your time and help you find a house that is exactly what you're looking for. Additionally, a real estate agent has access to resources like a local MLS, which will enable them to compile a list of homes for you more efficiently. 2. Save Money If you want to save money on a house, you should work with a real estate agent. A good real estate agent will not only stick to your budget, but help you negotiate with sellers in order to get the best deal possible. They can also keep you from overspending on a house that's likely to have underlying issues or getting involved in a bidding war that you aren't likely to win without great sacrifice. Although agents do earn a commission from the sale, their expertise can ultimately help you spend less overall. 3. Better Options Thanks to their use of resources like a local MLS, real estate agents are much more aware of the types of houses available in your area. They will be able to find homes that you didn't even realize were available and potentially locate the house of your dreams. They'll have learned the tips and tricks of the trade that can help you find available properties that might not be open to the masses. That's especially true if they're working with other clients looking to sell their current homes! 4. Less Work It takes a lot of effort to find a house. If you try to find a home on your own, you may spend months search online, only to end up with nothing but frustration. A real estate agent can use a local MLS to locate homes for you. In other words, they'll do all the grunt work by locating available properties, setting up appointments, and negotiating with the seller's agent. It really is a full-time job, so don't take that burden on by yourself. Looking for a home? Don't do so without a real estate agent. To learn more about how we can help, get in touch with us today.

There are many things that people think of when they're considering buying or selling a home, but choosing the right realtor can be one of the most important. Those who choose to work with an experienced and knowledgeable agent may find themselves saving time and money, as well as navigating through what could otherwise be confusing processes. Here are seven questions to ask any realtor you might be considering working with. 1. How Long Have You Been Working as a Realtor? The amount of experience a realtor has can be indicative of their expertise in the field. Someone who has been practicing for a while will likely have more knowledge about the industry and how to help you successfully buy or sell your home. 2. What Is Your Success Rate? When considering any professional, it's important to know their success rate. Ask the realtor how often they have helped buyers buy a home that met their expectations and how often sellers received the price they were hoping for. 3. What Is Your Specialty? Not all realtors are created equal. Some may specialize in working with buyers, while others may work mainly with sellers. It's important to find someone whose specialty aligns with your needs and goals. 4. What Are Your Fees? Realtors typically charge a commission for their services, which is usually a percentage of the home's sale price. Be sure to ask the realtor about their fees upfront, so there are no surprises later. 5. What Kind of Training Do You Have? Look for a realtor who actively keeps up with industry trends and is well-versed in the latest technology, as these can often make a big difference in their success. 6. How Familiar Are You with the Area? A good realtor should be intimately familiar with the neighborhoods where you're looking to buy or sell a home. Ask them about their experience working in that particular market and what they think of the current housing climate. 7. Do You Have Any Other Clients I Could Talk To? One of the best ways to get a feel for whether or not a realtor is the right fit is to speak with their past clients. Ask the realtor if they have any references you could speak to and see what their experiences were like working with them. Generation X (born between 1965 and 1979) makes up the greatest number of homebuyers in the United States. So, if you are a member of Gen X or any other generation and are planning to purchase or sell a home in the near future, it is important that you do your research before selecting a realtor. Ask around and interview several candidates before making your decision. The questions above will help get you started.