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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
Read More What is the Best Day to Buy a Home?
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
Read MoreFinding Your Perfect Home: Working with a Realtor in Knoxville
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
Read MoreWhy Airbnb is the Best Investment you Can Make as a Small-Time Investor
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
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If you are planning to sell an investment property and use the proceeds to purchase another property while deferring paying taxes on the gain, then a 1031 exchange might be the perfect solution for you. A 1031 exchange is a tax deferment strategy for real estate investors that allows them to swap one investment property for another while deferring capital gains. In this blog post, we will provide you with a comprehensive guide on everything you need to know. What is a 1031 Exchange? A 1031 exchange is a tax-deferment strategy that allows real estate investors to defer paying capital gains taxes on the sale of an investment property by using the proceeds to purchase another like-kind property. The term "like-kind" refers to the fact that both the property sold and the replacement property must be used for investment purposes. How does it work? The sale process of an investment property is straightforward. When you sell a property, you will realize a taxable gain that will be subject to federal and state taxes. However, if you use the proceeds from the sale to purchase another investment property within a specific period, typically 180 days, the capital gains taxes will be deferred. The new property must be of equal or greater value than the old property sold. Types of 1031 Exchange There are various types of 1031 exchange strategies. One of the most common is the Delayed Exchange, where an investor sells a property and identifies a new investment property within 45 days. The investor will then have another 135 days to close on the new property. Another type of 1031 exchange is the Simultaneous Exchange. In this strategy, the sale of the old property and the purchase of the new property occurs on the same day. This type of exchange is not common, given the difficulty of timing management. Benefits The primary benefit of a 1031 exchange is the ability to defer taxes on the capital gains realized on the sale of an investment property. By deferring taxes, investors can purchase more properties and increase their revenue streams through rental income. In conclusion, a 1031 exchange is a great tax-deferment strategy for real estate investors to defer capital gains tax on the sale of their investment property. When executed correctly, investors can benefit from a variety of advantages and increase their overall wealth. We hope this comprehensive guide on a 1031 exchange has provided you with valuable information to help you determine your eligibility and how to make the most of this investment opportunity. Before making any significant investment decisions, make sure you consult with a tax professional to ensure compliance with all tax laws and regulations. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
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Renting out a property can be a great source of extra income, but when it comes to finding tenants, many property owners face the challenge of filling vacancies with long-term renters. Sometimes, however, what you really need is a tenant for a shorter term, like a travel nurse who is only in town for a few months. Luckily, innovative resources, such as Furnishedfinder.com, connect property owners with tenants seeking a more short-term solution. In this blog post, we'll discuss how Furnishedfinder.com works and how it can help make your property a more attractive rental for those searching for a temporary home. Benefits of Short-Term Rentals: There are many advantages to renting out your property for a limited amount of time. For one, you don't have to worry about a lengthy lease agreement. Instead, you can rent out your property to numerous tenants over time. Additionally, you can charge higher rental rates for short-term rentals since the tenants usually need housing. Furthermore, if you want to use your property yourself for an extended period, you can do so by renting it out for short-term periods of time when you are away. How Furnishedfinder.com Works: FurnishedFinder.com was established in 2008 as the first company in the travel nurse housing industry to specialize in fully furnished monthly rentals. The website connects property owners with travelers in search of short-term rental options. Property owners can advertise their furnishing, location, and availability while renters can browse listings that fit their needs, such as locations near their work or with specific amenities. There are no listings or subscription fees for property owners, which makes it easy and cost-effective to advertise on Furnishedfinder.com. Sign Up for Property Owners: To start renting out your property, simply set up an account and fill out the basic information about your property, including the location, number of bedrooms, and available dates. Don't forget to upload images of the space and highlight any unique selling points. Once you're ready, your property will be listed on Furnishedfinder.com, and travelers can contact you to rent your property. It's that simple! Pros and Cons of using Furnishedfinder as a Resource: While Furnishedfinder.com is a great resource for short-term rentals, there are some pros and cons to consider when using their service. One significant advantage is that the tenants using the website are typically vetted by medical staffing agencies or traveling on work assignments, which makes for a more dependable rental experience. Additionally, the website offers many features, including renters insurance, utility setup support, and support for locals who can help to check on your property when you're away. On the other hand, the website is narrower in scope than traditional rental platforms, meaning your potential pool of renters may be more limited. However, if you are looking for a reliable tenant for a shorter rental term, the limitations may not be a significant issue. Whether you're renting out your property for extra income or trying to take advantage of a temporary vacancy, Furnishedfinder.com could be an excellent resource for you. By offering short-term rental options that are easy to set up and manage, property owners can attract tenants in need of a short-term solution. Remember; providing quality facilities and service will inevitably bring good reviews, and in turn, attract more potential renters. By considering Furnishedfinder.com as an option for your rental needs, you can take advantage of the benefits of short-term rentals and, potentially, make more money! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read More Why Should you Choose AirBnB Over Monthly Rentals
Are you a property owner looking for ways to maximize your profits? Maybe you're a renter or a traveler in search of accommodation options that fit your budget. Whether you're on either side of the spectrum, there's been a buzz in recent years about choosing short-term rentals like airBnB over traditional monthly rentals. In this blog post, we'll explore why airBnB properties could be a lucrative investment for property owners and an affordable option for travelers. Flexibility of Rental Rates One major benefit of airBnB rentals is the flexibility owners have with rates. Traditional monthly rentals require a long-term contract. Also, having a fixed rate that may not reflect the market's demand or fluctuating prices. With airBnB, property owners have the ability to change their rates based on the time of year. Special events in the area, or even the day of the week will also change rates. This flexibility gives owners the opportunity to earn more from their properties and capitalize on peak travel seasons. Increase in Occupancy Rates Unlike monthly rentals, airBnB properties cater to short-term stays. Meaning, that the occupancy rates are usually higher. Travelers tend to prioritize affordability, location, and unique experiences when choosing accommodation. AirBnB properties often provide these factors, which leads to higher interest from potential guests. With more bookings, property owners earn more revenue. The cost per night could end up being more than what a traditional monthly rental would offer. Opportunity to Showcase Unique Properties One factor that sets airBnB properties apart from traditional monthly rentals is the ability to showcase unique and personalized spaces. With traditional rentals, the property is usually furnished with basic furniture. AirBnB owners can curate spaces with unique decor, art, and themes that appeal to guests. This level of customization has been known to attract more bookings. Travelers are looking for memorable and authentic spaces to stay. Potential for Additional Services and Amenities Apart from unique decor and furnishings, airBnB owners can also provide guests with additional services and amenities. These can range from simple amenities like free wifi and laundry facilities. Some may have more elaborate options like cooking classes, personal tours, and even private chefs. By adding these services, airBnB owners can earn additional income while also enhancing guest experience. This leads to higher ratings and reviews on the platform. Integration with Digital Marketing and Social Media AirBnB allows owners to integrate their listings with digital marketing and social media. This gives owners additional opportunities to market their properties to potential guests. This integration enables owners to showcase their listings on social media. Being able to highlight the unique features of the space, and even offer exclusive discounts. By leveraging these platforms, owners can reach a broader audience and increase their revenue potential. Choosing airBnB over monthly rentals can be a smart investment for property owners or an affordable option for travelers. AirBnB properties offer more flexibility in rental rates, higher occupancy rates, unique customization, additional services and amenities, and integration with digital marketing and social media. With the opportunity to earn more, showcase unique spaces, and provide exceptional guest experiences, airBnB has become a valuable option for property owners and travelers alike. So, why not consider this short-term rental option and reap the benefits of a lucrative investment? Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreLiving in Oak Ridge, Tennessee: The Ultimate Guide
At the heart of Tennessee lies Oak Ridge, a picturesque city popular for its rich history, lively community, and job opportunities. Whether you're a home buyer, renter, or visitor seeking adventure, Oak Ridge offers so much! It's stunning scenery, and welcoming ambiance makes it an ideal place to call home. In this blog, we will delve into what living in Oak Ridge, Tennessee is like. Let's dive in! EMPLOYMENT If you're looking to start or grow your career, Oak Ridge could be the place for you! The city is the core of a region known as the "Innovation Valley." It is a hotbed for cutting-edge technology firms, research institutions, and start-ups. Some of the major employers in the area include the U.S. Department of Energy and Oak Ridge National Laboratory. Apart from excellent job opportunities, Oak Ridge has affordable living costs, quality healthcare, and excellent education systems. THINGS TO KEEP BUSY Oak Ridge is home to an array of activities that will keep even the most adventurous person occupied. The city has everything from outdoor activities to educational attractions, museums, restaurants, and shopping. If you love the outdoors, Oak Ridge has over 16 parks, including the beautiful Melton Hill Lake and Haw Ridge Park. Fans of science can visit the American Museum of Science and Energy. Additionally, history buffs can explore the city's historic sites and museums. Some included are the Oak Ridge History Museum and the Y-12 History Center. You can also indulge in delicious meals at the city's several restaurants before browsing through the shopping boutiques. EXTRAORDINARY SCENERY Oak Ridge has some of the most breathtaking scenery in the country. The city is surrounded by magnificent mountain ranges and freshwater lakes, making it ideal for nature lovers. You can go fishing, kayaking, or swimming on the beautiful Melton Hill Lake. Also, take a drive through the iconic Dust to Dawn Drive. You'll also love the scenic hike at Haw Ridge Park. It offers several trails that meander through the woods and along the ridges. A LITTLE BIT OF HISTORY Oak Ridge has a rich and fascinating history. The city was founded in 1942 as part of the U.S. government's Manhattan Project during World War II. At the time, the federal government built a government-owned energy facility to produce enriched uranium that was used in the first atomic bomb. The city was a secret city until 1949, and up until then, it was populated solely by lab engineers and scientists. Today, Oak Ridge is a thriving community that cherishes its history and heritage. Living in Oak Ridge, Tennessee is a delightful experience. With its abundant job opportunities, endless activities, scenic beauty, and rich history, it's easy to see why people love to call it home. Whether you're looking to buy a home, rent, or visit, Oak Ridge is a city that caters to all. So, pack your bags, and make sure to stop by Oak Ridge, the city with a charming community, fascinating history, and endless adventures. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read More10 Essential Factors to Consider When Purchasing A Home
Whether you're a first-time homebuyer or an experienced homeowner, purchasing a home is one of the most significant investments you can make in your life. With so many different options, selecting the perfect home can be a challenging process. However, by knowing what to look for, you can make an informed choice that will benefit you in the future. In this blog post, we'll discuss the ten most crucial factors to consider when buying a home. 1. Home Cost Before you begin the process of looking for the perfect home, you'll need to know how much house you can afford. Your budget will be influenced by factors such as your income, expenses, down payment, and mortgage rates. You may want to seek the guidance of a financial advisor who will help you assess your financial situation to ensure that you can afford the cost of the home. 2. Home Location The physical location of a property is an important factor to consider when buying a home, and it's one of the significant determinants of your final decision. A convenient location will save you time and money on transportation, and it will also have other positive environmental, economic, and social benefits. Consider buying a home nearby areas that either suit your lifestyle or are near important amenities like schools, hospitals, and shopping. 3. Property Type The right home should cater to your living standards and choices. Determine the size of the property that is ideal for you, the number of rooms you want, the accessibility of the outdoor spaces, and more. Will you prefer a single-family home or a multi-family dwelling? Knowing what you want in a property can guide you in narrowing down your property options to find what you will need. 4. Neighborhood Before buying a home, learn about the nature of the area surrounding the property. What kind of people live there? Are there any excellent schools, parks, entertainment facilities, or restaurants nearby? Is the neighborhood safe and clean? The neighborhood should sync up with your lifestyle, preference, and standards. 5. Home Age and Condition Newer homes may come with better amenities and comfort, but older homes can bring some of the factors you might prefer. Deciding whether to purchase a new or old home will depend on many factors, such as the expected maintenance and renovation expenses you are willing to pay. You'll want to know the condition of your home before purchasing to mitigate any future expenses. 6. Property Ownership Property ownership is a crucial consideration. You'll want to know who is selling the property and why. Try to identify any potential legal issues, such as unpaid taxes or current lien, to avoid legal challenges once you purchase the home. A title search may be necessary for you to uncover prior property ownership challenges. 7. Property Resale Potential It's always worth considering the resale potential of a property, even if you don't plan on selling anytime soon. Think about how desirable your home will be in the future market to avoid getting stuck in a hard-to-sell house. Consult with a professional real estate agent to determine the market position of the property and any future resale potential. 8. Inspections and Appraisals Obtaining a home inspection and appraisal can be an excellent way of evaluating the current condition and market value of your potential investment. The home inspection should identify any fundamental issues before buying a home, while an appraisal can help determine the fair market value of the property. 9. Mortgage Options and Rates There are many options when it comes to a mortgage product. It's essential to know which options you need. Shop different lenders and evaluate your mortgage options depending on the best possible interest rate, upfront fees, and any hidden costs. 10. Homeowner Association If you're buying a home in a community that is under an association, you'll want to learn more about the requirements and expectations of the association. Things like fees, restrictions, and other regulations can make it easier or harder to live in your dream home than you think. Purchasing a home is a significant decision that requires careful consideration. Before making the final decision, it's essential to consider all the above factors to make the right choice. Remember to consult with professionals like real estate agents, lawyers, and financial advisors to ensure that your choice is informed and you make the right investment. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreLife in Rocky Hill, TN: A Small Town With Big Possibilities
If you’re looking for a small town with big possibilities, we suggest you look no further than Rocky Hill, TN. Located just 35 miles from Nashville, this charming town has all the amenities of an urban area but with a quaint, community-focused atmosphere. Let’s take a closer look at what life is like in this special place. A Historic Feel Rocky Hill was founded in 1873 and is full of historic charm. The downtown area is home to the oldest post office in Tennessee and many of the original buildings are still standing today. The town also features several historic markers scattered throughout the city that highlight important moments in Rocky Hill’s past—from the founding of its first church in 1873 to its role as an agricultural hub during World War I. With these historical landmarks come plenty of opportunities for fun and exploration! Every year, locals celebrate local history on Founders Day at the Annual Rocky Hill Historical Festival. Visitors can explore old-fashioned crafts, listen to live music from local bands or grab a bite to eat from one of the many food vendors. A Growing Economy In recent years, Rocky Hill has seen an influx of businesses and residents thanks to its proximity to Nashville. The city offers great job opportunities as well as plenty of housing options for those who want to call Rocky Hill home year-round or even just make it their weekend getaway spot! Local businesses range from family-owned restaurants to boutique shops selling handmade goods crafted by local artisans—and everything in between! Plus, if you’re looking for something more traditional, several corporate offices nearby offer job opportunities as well. A Community Vibe Rocky Hill may be small but residents have created a vibrant community here that makes it feel much larger than it actually is! Locals gather together weekly for events like movie nights and farmers' markets; there are also monthly art walks where visitors can explore galleries and meet local artists. Plus, there are several outdoor recreation areas near Rocky Hill including hiking trails and lakeside parks where families can spend time enjoying nature together All things considered, life in Rocky Hill is full of possibilities! Not only does this small town boast an interesting history but it also offers plenty of job opportunities and recreational activities for everyone. So why not take advantage of what this special place has to offer? Come join us here in Rocky Hill and experience life with all its little pleasures firsthand! We promise you won't regret it! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreShawn's Quick Guide to Selling Your House
Quick Ways to Sell Faster Selling your home can be a hassle. You can do certain things to ensure a quicker process of selling your home. This blog series will help you learn these easy steps to sell your home faster. Make Sure to Check the Paint Make sure you touch up any chipped or dirty spots with a fresh patch of paint in that area. Creating an "accent wall" will create an intriguing focal point. Checking the paint on the outside of the house is just as important as the inside. You want them to picture themselves living there. You may not have to paint the whole house but make sure that there are areas that are not left without a surface of matching paint. Giving the fresh layer of paint gives the house a sense of being new/fresh. Time to Declutter Declutter the house before any showings or pictures are taken. You want the buyers to picture themselves in the home, and having clutter isn't inviting. Make sure rooms are tidy with beds made and floors picked up, dressers, etc. Countertops in the bathrooms were cleaned off as well as the kitchen counters. This leads us to our next topic...closets. Clean Out the Closets Don't use the closets as your catchall or hiding place for the clutter. The first thing everyone does when they have a showing is shove everything into the closet so it is hidden and out of site. Most buyers want to see all of the space the house has to offer, closets included. Closets are a big part of the selling process. Buyers want to see if their belongings or both of their stuff will fit into the closet. If you shove everything into the closet, they can't see the space and will be turned away by the clutter. In our next blog post, we will go over lighting and some safety measures. Contact Shawn now to help sell your home and help you sell it quickly! Please contact Shawn Wilmoth at www.shawnwilmoth.com/contact
Read MoreWhy invest in an Airbnb property in Sevierville Tennessee
Interested In Buying An Airbnb Investment Property? Looking for realtors in the Gatlinburg or Sevierville area? Are you wanting to buy a cabin that can get good returns? You’re in the right place. We make your dream of owning Airbnb investment properties easy and hassle-free. About Gatlinburg & Sevierville, Tennessee. East Tennessee is home to the city of Sevierville, a mountain town full of beauty and history. Located on the south side, lined by the Great Smoky Mountains National Park that contains forest trails and waterfalls. Sevierville native Dolly Parton is memorialized by a statue by the 1896 beaux-arts-style courthouse downtown. A number of vintage aircraft are on display at the Tennessee Museum of Aviation, including two P-47 Thunderbolts. The Forbidden Caverns, located to the east, consisting of underground caves with calcite formations. The mountain town of Gatlinburg lies in the heart of Tennessee's Great Smoky Mountains National Park, which stretches across 520,000 acres. The Gatlinburg SkyBridge and SkyLift offer the best views of the mighty mountains and spectacular scenery. What Are The Advantages Of Investing In An Airbnb In Sevierville? Whether you’ve stayed at an Airbnb rental for vacation or have just heard about the lucrative potential of investing in a sought-after short-term rental property, owning a portfolio of Airbnb investment properties may seem like a smart way to increase your passive income. The savvy investor understands the value of a great location, amenities, and recreation facilities. Owning an Airbnb investment property is simple and flexible. Airbnb platform gives you the flexibility to change your prices, depending on your goals and current situation. For short-term renters, this means high occupancy and high traffic all year round. Make High Profits Gatlinburg and Sevierville, Tennessee are both vibrant high-traffic areas that attract tourists from all over the world. There are various activities located in the areas - like swimming, kayaking, boating, and fishing in Douglas lake. Sevierville hosts the Wears Valley Fall Festival, every October amidst the stunning backdrop of the Smoky Mountains. Residents and tourists alike enjoy the wonderful weather and scenery. However, in high-demand neighborhoods, the nightly price of an Airbnb can lead to greater profits. In this way, you could potentially make $35,500 from your Airbnb investment property, which is an increase of $8,500 compared to what you would make from renting a traditional property. Entertain A Wide Cross-section Of Guests You can host a new guest every few days since Airbnb rentals are based on short-term stays. The opposite is true with long-term rentals, where you will keep the same tenants year after year. Operating and coordinating traffic of guests from around the world is a unique experience. It is for all those who enjoy interacting and meeting new people, owning an Airbnb investment property is just perfect. More Lucrative Than Traditional Renting Destination areas or locations like cabin retreats, ski towns, beaches, and lakeside access homes, attract Airbnb renters and guests from all over the world. The vacation rental market is flooded in some areas, while others are untouched gems with high vacancy rates. When compared to traditional renting, Airbnb offers dynamic flexibility and better control over your investment properties. In traditional renting it is difficult to modify the price of your long-term rental, cabin, or property on a whim. Plus, Airbnb investment properties offer a high return on investment, with high foot traffic. Experienced Realtors in Gatlinburg & Sevierville, Tennessee. As seasoned realtors who have lived in high tourist areas of Gatlinburg and Sevierville, Tennessee, we have accumulated experiences as owners and operators of Airbnbs for over a decade. We're a dynamic couple who are passionate about investing, building, and helping others realize their dream of owning Airbnb investment properties. To make sure you have a smooth process of owning and renting your Airbnb property, we work closely with you every step of the way. We ensure you have a solidly booked Airbnb rental, throughout the year, and we give you tips to engage and entertain a wide variety of guests. At present, we own and operate seven Airbnb units, and we are building nine more (Barndominiums) to add to our portfolio. The knowledge we have as realtors can help buyers looking for rental properties in Sevierville and Gatlinburg. We help you compare active rentals in the area, annual revenue trends, and occupancy rates to get you the best fit for your investment portfolio. Having lived in the neighborhood for thirty years, we enjoy building new Airbnb investment properties in the area and making it part of the lively community. If you’re wanting to buy a cabin in Gatlinburg & Sevierville, Tennessee, we’re here to help you be a 5 star Airbnb host (like Priscilla and I are) and realize your dream of earning a steady income from your investment property. We look forward to meeting you and chatting about your next Airbnb. Shawn and Priscilla Wilmoth REALTORS® Visit our website www.shawnwilmoth.com to learn more about Gatlinburg Sevierville Airbnb investment properties.
Read More7 Questions to Ask Prospective Realtors
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.
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