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

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

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

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

Buying a new construction home seems like an ideal idea - no one has lived in it, brand new features, and modern designs. But underneath the perceived flawless exterior lies investment issues that many homebuyers do not initially consider. In this blog, we will discuss why a new construction home is not always the best investment for buyers in terms of real estate. Higher Prices Many buyers think that purchasing a new construction home will help them save money on costly repairs or renovations that come with older homes, but this is not always the case. A new construction home often comes at a higher price than resale homes because builders need to include the costs of land, materials, and professional fees. If you are looking for a budget-friendly option, resale homes might be a better choice. Lower Resale Value New construction homes can depreciate rather quickly over time, especially if the builder has other developments nearby. If you plan to sell your new home in the future, you might end up losing your investment due to low resale values and competition with other new construction homes in the area. Limited Room for Negotiation When buying a new construction home, buyers do not have many options to negotiate prices or features compared to buying a resale home. Builders have set prices and set designs, and any changes you want might come at an additional cost. This lack of flexibility can hurt your budget and leave you with features you did not want or need. Longer Wait Times Building a new construction home takes time, and often construction can take longer than anticipated due to bad weather or unforeseen construction issues. This can be frustrating for buyers who have already sold their current home and have nowhere else to go. Moving into a new construction home might take a while, and waiting too long might leave you with a mortgage and rental fees. Unforeseen Issues A new construction home is not a guarantee for a perfect home. You might face issues after move-in, such as faulty wiring, plumbing issues, or poor quality materials used in the construction process. Fixing these issues might come at additional costs that were not anticipated, leaving some buyers feeling cheated and ultimately costing them more than they budgeted for. A new construction home might seem like a smart investment, but in reality, it comes with a host of issues that many buyers do not consider. From higher prices to lower resale values and limited negotiation options, new construction homes are not always the best investment for real estate buyers. If you are searching for the right home to invest in, consider exploring resale homes, which can offer better value, a range of features and settings, and more affordability. In the end, investing your time in the right home can save you money and spare you headaches in the future. 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

The search for a real estate agent can be a daunting task, especially if you are unfamiliar with the area. With so many agents to choose from, how do you find one that is right for you? Knoxville, TN is a diverse city that offers a plethora of housing options, making it challenging to know where to begin your search. In this blog post, we will explore what you should consider when looking for a good real estate agent in Knoxville, TN, and highlight one of the area's top realtors - Shawn Wilmoth REALTOR®. Step 1: Look for Referrals When searching for a good real estate agent in Knoxville, TN, the first step should always involve asking for referrals. Friends, family, and co-workers who have recently bought or sold property can be a valuable resource in your search. Start by compiling a list of names, and then investigate each one further. Step 2: Credentials and Experience Once you’ve narrowed down your list of potential agents, it's crucial to check their credentials and experience. A good real estate agent should be licensed and have experience dealing with the type of property you are looking to buy or sell. Don't be afraid to ask for their credentials and to investigate their experience. Step 3: Communication and Availability When looking for a good real estate agent, communication and availability are key. An agent who is prompt in answering your calls and emails, and willing to provide regular updates on your property's status, is vital. Look for an agent who is willing to go the extra mile to ensure your needs are met. Step 4: Marketing and Networking A good real estate agent in Knoxville, TN should have an understanding of the local market, as well as the ability to market your property effectively. A solid marketing strategy should include a mix of traditional and digital marketing efforts. Additionally, a well-connected agent with a strong network can provide valuable connections and resources for selling or buying a property. Shawn Wilmoth REALTOR® Shawn Wilmoth is a top-rated real estate agent in Knoxville, TN, who brings expertise and professionalism to every client engagement. Shawn's knowledge of the local market coupled with his excellent communication and marketing skills make him an ideal partner for those looking to buy or sell property. As a resident of Knoxville, Shawn understands the city's nuances and is committed to helping his clients achieve their real estate goals. Finding a good real estate agent in Knoxville, TN requires diligence, research, and a bit of patience. Look for agents with credentials, experience, and excellent communication skills. Don't be afraid to lean on referrals and investigate your prospective agents thoroughly. Shawn Wilmoth REALTOR® is an exceptional real estate agent in Knoxville, TN, who brings professionalism, expertise and a deep understanding of the local market to every client engagement. His holistic approach to real estate sets him apart from others, and his commitment to helping his clients achieve their goals has earned him a reputation as one of the area's top realtors. 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

If you have made the decision to sell your house, you may be wondering whether you should choose a national or local company to help you with the process. While it can be tempting to opt for a local, boutique agency, choosing a national company can offer several benefits. In this blog post, we’ll explore why using a national company to sell your house is a smart decision. Access to a Wider Pool of Buyers: National companies have a wider reach than local ones, meaning they have access to a larger pool of potential buyers. With a bigger network of agents and offices across the country, national companies can cast a wider net when marketing your home. This means you’re more likely to attract buyers from different cities and states, which can be particularly helpful if you’re selling in a slow market. Expertise and Experience: National companies often have more resources and experience than local agencies. They have large teams of agents who specialize in different areas, such as marketing, finance, and negotiation. This means they can offer a more comprehensive service when selling your home. In addition, national companies may have a better understanding of market trends and conditions, giving them an advantage when it comes to pricing and marketing your property. Better Marketing Tools: National companies have access to better marketing tools and platforms than local agencies. They have the resources to invest in high-quality photography, 3D virtual tours, and professional staging, which can help your home stand out from the rest. Additionally, they have access to a wider audience through their online presence and social media channels. Consistency and Reliability: National companies are more likely to have established processes and procedures in place, ensuring a consistent and reliable service. They often have strict quality control measures and guidelines that agents must adhere to, ensuring a high level of professionalism and integrity. This can give you peace of mind during what can be a stressful and emotional time. Selling your home is a big decision, and choosing the right company to help you with the process is essential. While there are benefits to choosing a local agency, a national company can offer several advantages that shouldn’t be overlooked. With access to a wider pool of buyers, expertise and experience in the market, better marketing tools, and a reliable and consistent service, a national company can help you sell your home quickly and efficiently. So, if you’re thinking of selling your house, consider a national company as your first choice. United Real Estate Solutions is a national company that provides a comprehensive suite of real estate services to its clients. With a solid reputation for delivering results, this company is known for its commitment to excellence and customer service. Whether you are looking to buy, sell, or invest in real estate, United Real Estate Solutions has the resources and expertise that you need to make informed decisions. From market research to negotiations to closing, their team of professionals is dedicated to providing guidance every step of the way. If you are looking for a reliable partner in the world of real estate, look no further than United Real Estate Solutions. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

As a small-time investor in the real estate market, you are always looking for the best way to make a return on your investment. One of the best ways to do that today is by investing in Airbnb properties. Airbnb has become a popular option for people looking to rent vacation homes and apartments, and it is transforming the real estate industry in many ways. In this blog post, we will discuss why Airbnb is the best investment you can make as a small-time real estate investor. 1) High Returns on Investment (ROI) Airbnb properties can generate higher returns on investment than traditional rental properties. According to a study by Priceonomics, homeowners in San Francisco can earn an average of $30,000 per year renting out an entire home on Airbnb. This is more than double what a traditional rental property owner would make. Airbnb rentals are also popular in tourist destinations and cities, where the average nightly rate for an Airbnb rental is significantly higher than traditional rentals. 2) Airbnb Requires Lower Capital Investment Investing in an Airbnb rental requires less capital investment than traditional rental properties. You don’t have to purchase a property in an expensive location or outfit it with expensive amenities. You can start by renting out a spare room in your home or investing in a small apartment or condo. This flexibility makes Airbnb rental properties an attractive option for small-time investors. 3) Flexibility and Control As an Airbnb host, you have complete control over your rental property, including the price, availability, and rules. You can set your own schedule for when to rent out your property and to whom. This flexibility makes it easy to manage Airbnb properties, especially if you have a full-time job or other responsibilities that require your attention. 4) Airbnb Rentals are in High Demand Airbnb rentals are in high demand, especially during peak travel seasons. This high demand means that your rental property will not be vacant for long periods, and you can generate a steady stream of income. The Airbnb platform also provides hosts with a robust marketing and booking platform, making it easy to reach potential renters. 5) Airbnb is a Low-Risk Investment Airbnb is a low-risk investment because you can stop renting out your property at any time if the market conditions change. Unlike traditional rental properties that require long-term leases, Airbnb rentals can be adjusted depending on market conditions. This flexibility means you can avoid the risk of prolonged vacancies or renters who don’t pay on time. Investing in Airbnb rental properties is a great way to generate high returns on your investment with lower capital investment and a flexible schedule. Airbnb is also a low-risk investment that provides you with complete control over your rental property. As a small-time investor, Airbnb is a great opportunity to enter the real estate market and make a profitable investment. With the demand for Airbnb rentals on the rise, now is a great time to invest in an Airbnb rental property. 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

Real estate in Knoxville is an ever-evolving industry that is crucial to the economy of the city. Knoxville's real estate sector covers both commercial and residential properties. However, the two types of real estate differ significantly in terms of their physical structure, use, clientele, and financial aspects. As a prospective investor or homeowner in the Knoxville market, it is essential to understand these differences. In this post, we will delve into how commercial and residential properties differ in the Knoxville market. Additionally, what you need to know as a homebuyer, seller, or investor. What is Commercial Real Estate in Knoxville? Commercial real estate refers to properties that are primarily used for business purposes, such as malls, offices, warehouses, and hotels. These properties are typically large, with higher value, and are often leased out to businesses or individuals that require such spaces. Commercial properties require specific features to suit the needs of businesses, such as parking, loading docks, and high ceilings. As a commercial client in Knoxville, you will need to work with a qualified Knoxville commercial REALTOR® to find the ideal property that fits your requirements. On the other hand, commercial properties have higher financial risks than residential properties, as their income source is dependent on a business or tenant. As a result, commercial leases often require longer terms, higher rents, and more stringent monitoring of the property's condition. It is why commercial landlords will demand a higher credit score, financials, and references than residential leases. A qualified Knoxville commercial REALTOR® can help you navigate the complex process of commercial property acquisition. What is Residential Real Estate in Knoxville? Residential real estate, on the other hand, refers to properties designated for the housing of individuals or families. These include single-family homes, condos, townhouses, apartments, and vacation homes. Residential properties often have a longer lifespan and may require lower maintenance costs than commercial properties. Many homeowners in Knoxville desire to purchase homes in well-established neighborhoods with parks, schools, and shopping centers nearby. As a residential buyer in Knoxville, you will need a qualified Knoxville residential REALTOR® to help you find your dream home. Additionally, residential landlords are subject to specific legal regulations with regard to property maintenance, security, privacy, and property access, making their financial risks lower than commercial landlords. Residential leases also tend to be shorter, giving homeowners the flexibility to move as needed. However, the residential real estate market in Knoxville is just as competitive as the commercial market. With the help of a Knoxville residential REALTOR®, you can position yourself for success in the market. What are the Key Differences between Commercial and Residential Real Estate in Knoxville? The primary differences between commercial and residential real estate in Knoxville lie in their clientele, financing terms, rental rates, valuation, and maintenance. Commercial properties are designed to meet the needs of businesses, which require more space, parking, and loading areas. Residential properties are primarily intended for individual or family living. Additionally, they have specific amenities such as yards and close proximity to grocery stores. Financing terms are also different between the two types of real estate. With commercial properties often requiring higher down payments, longer terms, and closer monitoring. This requirement is because commercial properties typically have higher income potential, stricter regulation, and more significant financial risks. In contrast, residential properties require less stringent financing terms, making them accessible to more buyers. In conclusion, Knoxville's commercial and residential real estate sectors remain crucial to the city's economy. As a homeowner, investor, or prospective tenant, you must understand the differences between the two forms of real estate to make informed decisions. A qualified Knoxville commercial REALTOR® or Knoxville residential REALTOR® can help you navigate the complex real estate market and find the best property that meets your requirements. By working with a seasoned agent, you're guaranteed to receive the right guidance and direction towards your Knoxville real estate goals. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Selling a commercial property is a significant transaction that can bring in a lot of money, making it attractive to scammers and fraudsters. Therefore, before entering into any agreement, it is crucial to verify the buyer's legitimacy to avoid any potential loss or legal issues. In this blog post, we will explore how to determine if a commercial buyer is real and the cautionary measures to take. 1. Check the Offered Terms One way to identify a genuine commercial buyer is to evaluate their offered terms. If the terms seem too incredible to be true, it's a potential red flag. Scammers may offer unusually high prices or other favorable terms to lure sellers into a trap. Therefore, consider seeking professional advice before accepting any offers that appear too good to be true. 2. Be Suspicious of High Earnest Money Additionally, beware of buyers who offer a large amount of earnest money. It could be a bait-and-switch tactic, where the supposed buyer lures the seller with large deposits only to back out of the transaction later. Verify the buyer's credibility using a reputable verifier to avoid such risks. 3. Short Closing Time A real commercial buyer understands that closing the deal takes time, and any request for an unreasonable short closing time should be handled with caution. Scammers may pressure the seller to agree to a quick closing, which may cause the seller to overlook details and miss fraudulent activities. Finally, always opt for reasonable closing timelines to avoid such scenarios. 4. Verify the Source of Money Ensure there is a clear path to the money source, such as a verifiable 1031 qualified intermediary. If the buyer fails to provide a clear indication of where the cash is coming from, it could be a sign of risk. Always verify the provided information using reputable sources. 5. Check the Expertise Be cautious if the buyer is acquiring property outside their area of expertise. It may signify a lack of knowledge or funds flow volatility, leading to complications throughout the deal. Consider asking the buyer questions to access their level of knowledge and experience. 6. Agent Commission Split Also, if the buyer's agent is not concerned about commission split or documentation, it could signify fraudulent activities. Commercial real estate transactions are all about money, and agents who aren't concerned about their earnings may be working for fraudulent entities. Always scrutinize agent documentation and commission payment credentials for authenticity. 7. Verify the Lender Finally, a significant portion of commercial real estate transactions often involve bank loans, so you need to verify the lender's credibility. The lender should be reputable, experienced, and regulated; this ensures they comply with necessary regulations and protocols. Consider seeking professional advice in verifying the credibility of potential lenders to prevent issues down the line. In conclusion, verifying a real commercial buyer is essential when dealing with property transactions. Always take caution if the offered terms are too good to be true, the buyer's hard-earned money seems excessive, the closing time is too short, or there is doubt over the money source. Check the buyer and agent's credibility and hire reputable experts to verify the provided information. Remember to take your time in every step of the process and never leave out essential due diligence protocols. 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

When it comes to real estate, negotiation is an essential part of the buying and selling process. Negotiation skills can mean the difference between getting the best deal possible or settling for less. In this blog post, we'll delve into the five elements of negotiation and how they apply to real estate. 1. Preparation: Gather All Necessary Information Before beginning negotiations, it's crucial to gather all the necessary information. As a buyer or seller, you need to research the property, market conditions, and the other party involved. Knowing the property's history and the seller's motivations can give you an advantage regarding price. In addition, having market data can help you determine whether the asking price is reasonable. 2. Relationship Building: Establish a Positive Rapport Establishing a positive rapport with the other party builds a foundation of trust and open communication. You can do this by being friendly, honest, and transparent. Show that you're interested in working with the other party to find a mutually beneficial solution. By establishing a good relationship, you'll gain their confidence, making it easier to negotiate and reach an agreement. 3. Communication and Active Listening: Clearly Express Your Needs and Interests While Actively Listening Communication and active listening are also critical components of negotiation. Clearly expressing your needs and interests while actively listening to the other party's perspective is key to understanding what they want. When both parties can articulate their goals and concerns, it's easier to find a middle ground, a win-win situation for both parties. Active listening is also important when you need to clarify any misunderstandings or address any counterarguments. 4. Problem-Solving: Collaborate to Find Mutually Beneficial Solutions Negotiation is not about winning or losing; it's about finding mutually beneficial solutions. Parties must collaborate to establish a win-win situation. Problems can arise during the negotiation process, and it's essential to have creative problem-solving skills to address any conflicts or obstacles. Look for alternatives to a proposed solution or offer ways that may benefit both parties. 5. Closing and Follow-Up: Finalize the Agreement, Ensure All Terms are Met, and Maintain a Professional Relationship After a successful negotiation, it's time to finalize the agreement. Ensure that all terms are met before closing on a deal. After the deal is closed, maintain a professional relationship with the other party. If a relationship was established based on honesty and trust, maintaining that relationship may bring future business deals. In conclusion, the five elements of negotiation are essential skills to succeed in buying or selling real estate. Preparation, Relationship Building, Communication, Problem Solving, Closing and Follow-Up. In real estate, negotiation is crucial to find a win-win situation for both parties. It is vital to have a clear understanding of what you want and what the other party wants. Build rapport based on trust and transparency, listen actively, and collaborate to reach a mutual beneficial solution. Finally, ensure all terms are met before closing the deal and maintain a professional relationship. These negotiating skills can make a real difference in obtaining the best possible outcome in your real estate transactions. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Finding the best realtor can be challenging, especially in a competitive market like Knoxville. With countless agents claiming to be the best, it can be difficult to know who to trust. However, you don't have to navigate the real estate market alone. This guide will provide you with all the information you need to find Knoxville's best realtor, from qualifications to customer service. Qualifications When searching for Knoxville's best realtor, it's essential to prioritize qualifications. A legitimate agent should be licensed and registered with the state of Tennessee. Additionally, an experienced realtor will have proven success in selling homes in the area. Look for agents with a solid track record of sales, as it demonstrates their knowledge and expertise in the industry. Marketing Strategy Effective marketing is a crucial aspect of a successful realtor's business plan. A top-rated agent will have a comprehensive marketing strategy that targets prospective buyers and sellers. Look for realtors with an online presence that includes a professional website and active social media accounts. These tools will provide insight into the agent's marketing skills and approach. Communication Skills Clear communication is the key to a successful real estate transaction. When seeking Knoxville's best realtor, look for someone who prioritizes communication. This means an agent who makes themselves available to clients and responds promptly to inquiries. Additionally, an agent who communicates clearly and effectively can help to avoid confusion and misunderstandings during the transaction. Reputation A real estate agent's reputation is a crucial factor in deciding who to trust with your transaction. Look for agents with positive reviews and ratings from previous clients. If you're unsure where to start, ask friends and family for referrals. Additionally, working with an agent who has won industry awards or recognition can help to ensure you're receiving the best service. Customer Service Finally, exceptional customer service should be a top priority for any real estate agent, especially those claiming to be Knoxville's best. Look for agents who take the time to understand your unique needs and preferences. An agent who goes the extra mile to provide excellent service demonstrates their commitment to your satisfaction. Shawn Wilmoth REALTOR® Shawn Wilmoth has in-depth knowledge of the Knoxville, TN real estate market and current market trends and stats. He is able to analyze data and make accurate predictions to help you make informed decisions. Helping create customized property searches based on your preferences, priorities, and budget. Additionally, he can help buyers of all experience levels find their ideal property. Shawn has excellent negotiation skills that will enable you to get a fair price for any property you’re buying or selling. His commitment to client service sets him apart from other realtors in the area; he is dedicated to building lasting relationships with his clients. While the search for Knoxville's best realtor may seem daunting, narrowing down your options based on qualifications, marketing strategy, communication skills, reputation, and customer service can help simplify the process. Ultimately, finding the right realtor for your needs comes down to trust and communication. By following the guidelines we've provided, you'll be well on your way to finding Knoxville's best realtor to help you navigate the real estate market successfully. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Purchasing commercial real estate can be a lucrative investment, but it can also be a complex process. It involves a significant amount of time, money, and resources. Before committing to a commercial property, it’s essential to do your due diligence and ask the right questions. In this blog post, we’ll discuss the top 10 questions you should ask when buying commercial property. 1. What is the property's zoning? Zoning laws regulate land use in specific areas, such as residential, commercial, or industrial. It’s important to understand the zoning of the property you’re buying to determine what kind of development is allowed. 2. What is the condition of the property? Before purchasing, make sure you commission a thorough inspection to assess the condition of the property. This will help you identify any underlying issues, such as structural problems or environmental hazards, that could affect the property's value. 3. What are the financials? Review financial statements, including income and expenses, to ensure that this investment is feasible. You need to know how much revenue the property generates, what the expenses are, and what kind of cash flow you can expect. This will help you determine the potential return on investment (ROI). 4. What are the tenant lease agreements? If the property is occupied, be sure to review all tenant lease agreements. This includes the lease terms, rent amount, and expiration dates. If you're taking over existing tenants, you'll need to determine how to handle the transition. 5. What are the property’s operating costs? Operating costs can include property taxes, insurance, maintenance, and utilities. Review these expenses carefully to determine how much it will cost to maintain the property and ensure that you have a realistic understanding of these costs. 6. What are the market and economic conditions? Be sure to research the local real estate market and economic conditions. This includes vacancy rates, supply and demand, and current rental rates. This will help you to determine the property’s viability as an investment. 7. What is the property’s history? Review the property’s history, including purchase price, sales history, previous owners, and any legal issues. This will help you to uncover any issues or concerns with the property that could affect your investment. 8. What are the development plans for the area? Research any proposed or upcoming development plans for the area to understand how they might affect the property's value and desirability. This can include new roads, infrastructure, or zoning changes. 9. What are the property’s environmental risks? An environmental assessment of the property is essential to ensure that there are no environmental risks or issues that could affect its value. This can include soil contamination, water pollution, or hazardous waste. 10. What are the closing costs? Finally, you must understand the closing costs associated with purchasing commercial real estate. These can include legal fees, transfer taxes, appraisal fees, and title fees. Make sure you have a clear understanding of these costs to ensure that they fit within your budget. Purchasing commercial real estate requires careful consideration, research, and due diligence. By asking the right questions, you can ensure that you are making an informed decision that aligns with your investment goals. These ten questions are a great starting point, but you should also consult with real estate professionals, attorneys, and financial advisors to ensure that you have a comprehensive understanding of the property and its potential risks and opportunities. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Are you tired of living in the typical house with the same design and layout? Do you crave a unique and practical way of living that provides an comfortable lifestyle, then consider barndominiums. Barndominiums are an excellent concept that combines the essence of barn and living space. It provides a modern and elegant appeal. Also, it's the perfect option for those seeking a genuinely unique and exquisite way of living. This guide will take a closer look at barndominiums to understand its unique style, buying and building options, and why it's an excellent choice. The Concept of Barndominiums Barndominiums are a unique concept that combines working and living spaces. It originated from barns and has evolved to become a modern, stylish, and spacious place. It provides a unique style that sets it apart from the traditional home design. Barndominiums also offer a customizable and flexible layout, which makes it easier to accommodate different lifestyles. Plus, with its unique style appeal, it's not difficult to see why it has become one of the most popular home choices in recent years. Buying and Building Buying a barndominium can be an affordable option for those looking to own a unique home. When buying, you can choose to purchase an already built barndominium or build from scratch. Building a barndominium from the ground up can be a lot of work. Although, with proper planning and preparation, it can be an enjoyable and rewarding experience. The cost of the barndominium will vary depending on the size, location, and materials. It's essential to budget and determine the type of materials desired to ensure the project cost stays within the budget. The Unique Style of Barndos Barndominiums have a unique style that sets them apart from traditional homes. They generally have an open-concept design that provides more natural light and the illusion of more space. The living space emphasizes minimalism, which makes it practical and spacious. Furthermore, the open floor plan allows you to add unique design elements to enhance the home's aesthetic appeal. The trend now is to match the rustic elements of the barn with modern living space features, which provides a delightful atmosphere. Living in a Barndominium Finally, living in a barndominium offers a unique and inviting lifestyle that you can't get anywhere else. You'll have a spacious and flexible living space that allows you to customize and design to accommodate your unique lifestyle. It's a practical option for those that love to entertain guests. The open floor plan makes it easy for everyone to gather in one place. You'll experience a unique blend of nature and modern living that provides a charming and captivating lifestyle that's hard to resist. If you're looking for a unique and practical way of living that provides a blend of rustic charm and modern living, then barndominiums are an excellent choice. It's a great concept that combines working and living space, providing you with the flexibility and space you need to accommodate different lifestyles. With its unique style, customizability, and affordability, it's easy to see why barndominiums are becoming one of the most popular home choices in recent years. Consider a barndominium for your next home, and experience the captivating and charming lifestyle it provides like nothing else. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com