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 MoreCommission Percentage and What is Fair
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
Read MoreWhen is the Right Time to Buy?
Are you considering buying a house but unsure whether it's the right time to do so? It's a common question that many prospective homebuyers have. After all, purchasing a home is a significant investment, and you want to make sure you're doing it at the right time. In this blog, we'll discuss when the best time to buy a house is and how it impacts both buyers and sellers. Buyers: Timing is everything when it comes to purchasing a home. Of course, you want to buy when you have enough money saved, but there are other factors to consider. One of the most significant factors to consider is the current real estate market. When demand is high, prices rise, and homes sell quickly. On the other hand, when the market is slow, home prices may drop, and you may have more negotiating power. Another factor to consider is interest rates. When interest rates are low, you can lock in a lower mortgage rate and save money over the life of your loan. However, when interest rates rise, the cost of borrowing money increases, and your monthly mortgage payments will be higher. Finally, consider your personal circumstances. Are you ready to settle down in a particular area for a while, or do you anticipate moving in the near future? Do you have a stable job and income, or are you still building your career? Answering these types of questions will help you determine whether it's the right time for you to buy a house. Sellers: If you're thinking about selling your home, you're likely wondering when the best time to do so is. As a seller, you want to maximize your profits and sell your home quickly. One of the most significant factors that impact the timing of a home sale is the real estate market. When demand is high, homes sell quickly, and you may receive multiple offers. On the other hand, when the market is slow, you may have to wait longer to sell your home, and you may have to accept a lower offer. Another factor to consider is the time of year. Real estate sales tend to pick up in the spring and summer months, which means that you may have more buyers interested in your home during this time. However, competition may be higher during these months, so you'll need to make sure your home is in excellent condition and priced competitively. Market Update: Currently, the real estate market is red hot, and demand is high. In many areas, home prices have increased significantly over the past year, and homes are selling quickly. Interest rates are still relatively low, which means that buyers can lock in a lower mortgage rate and save money over the life of their loan. However, competition is fierce, and buyers may find themselves in bidding wars for the homes they want. While the current market favors sellers, it's still a good time for buyers to consider purchasing a home. Interest rates are still low, and there are plenty of mortgage programs available to help first-time homebuyers. However, buyers need to be prepared to act quickly and have their finances in order. In conclusion, the best time to buy a house depends on a variety of factors, including the current real estate market, interest rates, personal circumstances, and more. It's essential to do your research, understand the market conditions, and consult with a real estate professional to determine when the right time to buy is. Whether you're a buyer or a seller, understanding the market conditions and timing your transaction can help you achieve your real estate goals. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
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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
Read More An Insider's Guide to Moving to Knoxville, TN
Are you considering moving to Knoxville, TN? With its beautiful scenery, friendly people, and low cost of living, it's no wonder that Knoxville is becoming an increasingly popular destination for those who want to enjoy the Southern charm and hospitality. However, moving to a new city can be a daunting task, especially if you're not familiar with the area. That's where I come in. As a local real estate agent, I've helped many families find their dream home in Knoxville and I'm excited to share my insider knowledge with you. In this blog post, I'll give you a comprehensive guide on what you need to know before moving to Knoxville, TN. Using Shawn Wilmoth REALTOR®: Before we dive into the details, I want to briefly introduce myself. My name is Shawn Wilmoth and I'm a licensed real estate agent in Knoxville, TN. When it comes to buying or selling a home, having a trustworthy and experienced realtor on your side can make all the difference. I pride myself on providing personalized service and going above and beyond to exceed my clients' expectations. If you're looking for a realtor who can guide you through the process of buying or selling a home in Knoxville, feel free to contact me. 1. Neighborhoods to Consider: Knoxville is a relatively large city with many different neighborhoods to choose from. The best neighborhood for you will depend on your specific needs and preferences. Here are some of the most popular neighborhoods in Knoxville: - Downtown: If you want to be close to restaurants, shops, and entertainment, downtown Knoxville may be the perfect fit for you. Downtown is also home to the University of Tennessee and the Knoxville Convention Center. - West Knoxville: This area of Knoxville is known for its suburban feel and family-friendly atmosphere. West Knoxville is home to several shopping malls, including Turkey Creek, and has easy access to parks and outdoor recreational activities. - South Knoxville: South Knoxville is an up-and-coming area that is attracting young professionals and families who want to live in a more affordable yet trendy area. This area has a variety of unique shops and restaurants. - Sequoyah Hills: This neighborhood is known for its beautiful homes, mature trees, and proximity to the Tennessee River. If you're looking for a more upscale area, Sequoyah Hills may be the right choice for you. 2. Cost of Living: One of the major selling points of Knoxville is its low cost of living. Compared to other cities in the US, Knoxville is incredibly affordable. The median home price in Knoxville is around $200,000, which is significantly lower than the national average. Additionally, the cost of groceries, healthcare, and transportation are all below the national average as well. This makes Knoxville an attractive destination for anyone looking to stretch their dollar further. 3. Job Market: Knoxville is home to several large employers, including the University of Tennessee, Oak Ridge National Laboratory, and Covenant Health. The job market in Knoxville is relatively stable and diverse, with opportunities in healthcare, education, and manufacturing, among others. The low cost of living also means that salaries can go further than in other cities. 4. Outdoor Recreation: One of the biggest draws of living in Knoxville is its proximity to some of the most beautiful outdoor recreational areas in the US. The Great Smoky Mountains National Park is just a short drive away and offers opportunities for hiking, camping, fishing, and more. Additionally, the Tennessee River runs right through Knoxville, providing ample opportunities for boating, fishing, and other water activities. Knoxville also has several public parks and greenways within the city limits. 5. Education: If you have children or are planning to have kids in the future, education is likely a top priority. Fortunately, Knoxville has several excellent public and private schools, as well as higher education options. The University of Tennessee is a major research university and is one of the top employers in the area. Additionally, Knoxville has several highly-regarded private schools that offer a variety of educational philosophies. Moving to Knoxville, TN is a great choice for anyone who wants to enjoy a low cost of living, beautiful scenery, and Southern hospitality. With its diverse neighborhoods, stable job market, and abundant outdoor recreational opportunities, Knoxville has something to offer everyone. If you're looking to buy or sell a home in Knoxville, feel free to contact me for personalized service and expert guidance. I can't wait to welcome you to our wonderful city! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreKentucky vs Tennessee - Which is the better state for living and real estate investment?
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
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 MoreHow to Find a Good Real Estate Agent in Knoxville, TN
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
Read MoreEverything You Need to Know About Real Estate Disclosures
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
Read MoreWhat Does a Pending Deal Mean in Terms of Real Estate?
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
Read MoreWhy You Should Choose a National Company to Sell Your House?
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
Read MoreProtect Yourself as a Home or Commercial Property Seller
Selling a property can be a challenging experience, especially if you're unfamiliar with the different legal and financial processes involved. As a seller, it's important to protect your interests and safeguard yourself against any potential legal or financial issues. Meaning, anything that may arise during, or after, the transaction. In this comprehensive guide, we'll walk you through the various ways in which you can protect yourself as a home or commercial property seller. 1. Hire an Experienced Real Estate Agent One of the best ways to protect yourself as a home or commercial property seller is by hiring an experienced real estate agent. A knowledgeable agent can provide you with in-depth market insights and handle negotiations. Additionally, they can ensure that all necessary paperwork is completed accurately and on time. By hiring a reputable agent, you'll have access to expert advice and guidance that can help you navigate the housing market. 2. Get a Home Inspection Before you put your property on the market, it's essential to get a home inspection. A home inspection can identify any issues that need to be addressed before you sell your property. From, structural defects, electrical problems, or plumbing issues. Addressing these issues before listing your property can help you avoid potential legal or financial issues down the line. 3. Be Transparent About Your Property When selling a property, it's important to be transparent about any known issues with the property. Failure to disclose issues can result in legal action, which is why it's always best to be honest with potential buyers. Additionally, your real estate agent can help you address any issues and ensure that you provide accurate disclosures to potential buyers. 4. Understand Your Legal Obligations As a seller, it's essential to understand your legal obligations. This includes ensuring that all necessary paperwork is completed accurately and on time, adhering to local zoning laws and regulations. Additionally, ensuring that your property is in compliance with environmental regulations. Your real estate agent can help you navigate the various legal requirements and ensure that your property sale proceeds smoothly. 5. Consider Title Protection Title protection is a type of insurance that can protect you as a home or commercial property seller if any issues with the title arise after the transaction is complete. This type of insurance can provide you with peace of mind, knowing that you're protected against any potential legal or financial issues arising from disputes over the title or ownership of the property. Selling a property can be a complex and challenging process, but by following the tips outlined in this guide, you can protect yourself as a home or commercial property seller and ensure that your transaction proceeds smoothly. Remember to hire an experienced real estate agent and get a home inspection. Finally, be transparent about your property, understand your legal obligations, and consider title protection. By taking these steps, you'll be able to safeguard your interests and protect yourself against any potential legal or financial disputes. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreExclusive Right vs Exclusive Agency: Understanding the Difference
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
Read MoreModular Homes vs Mobile Homes: What's the Difference?
Choosing between modular homes and mobile homes can be overwhelming for many home buyers. They both have their advantages and disadvantages, making it difficult to determine which one is better for your needs. Modular homes are designed like traditional homes and are built in sections that are assembled on-site. Mobile homes, on the other hand, are built on a steel chassis and are designed to be moved from one location to another. In this blog post, we will compare modular homes vs mobile homes, their differences, benefits, drawbacks, and costs to help you make an informed decision. The Construction Process Modular homes are built in sections in a factory, where they are subjected to stringent quality control checks. Afterward, the sections are transported to the building site and assembled on a foundation. As a result, modular homes are quicker to build than traditional homes. The construction process usually takes weeks, and they are designed to meet all building codes. Mobile homes are built on a chassis in a factory and are transported to their location. However, installing mobile homes is not as time-efficient as it is for modular homes. There are also fewer standards in the mobile home industry, so it's essential to hire a reputable manufacturer that uses high-quality materials. Customizability Modular homes offer greater flexibility in design than mobile homes. Since they are built-in sections, you can customize them to meet your unique needs and preferences. This means that you can select the features, materials, and finishes that you want, similar to traditional homes. Mobile homes, on the other hand, offer limited customizability because of their design and layout. As they are built on a chassis, it becomes challenging to modify them once they have been constructed. However, some manufacturers provide some level of customization in the layout, size, and finishes. Costs Modular homes are generally more expensive than mobile homes. They have a higher initial investment cost because they are built to the same standards as traditional homes. This means that you'll have to pay for other expenses such as the foundation, permits, transportation, and assembly. However, you will benefit from the long-term value of your home on resale. Mobile homes are cheaper than modular homes but may depreciate more quickly due to their construction materials. They are also subject to a shorter lifespan, and this may require more maintenance and repairs over time. Durability Modular homes are built to withstand harsh weather conditions and time. They can be as durable as traditional homes and have a longer lifespan than mobile homes. They have a solid foundation, high-quality materials, and undergo rigorous inspections during and after construction to ensure they meet all building codes. Mobile homes, on the other hand, are more susceptible to damage from severe weather conditions such as tornadoes or hurricanes. This is because they are built-in sections transported on a chassis, which leaves them more prone to damage. The decision to buy a modular home or a mobile home depends on your unique needs and circumstances. Modular homes are more durable, customizable, and have a longer lifespan. However, they are more expensive than mobile homes. In contrast, mobile homes are cheaper, easily transportable, and have a shorter lifespan. Still, they are less customizable than modular homes. In conclusion, before making any decisions, we advise that you consult with a reputable real estate agent or contractor. They will guide you on what options align with your preferences, budget, and lifestyle. Identifying the best type that meets your needs will ensure that you get the best return on investment in the long run. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreLiving in Strawberry Plains, TN
If you are looking for a small, welcoming community to call home, Strawberry Plains TN should be on the top of your list. Located in Jefferson County, East Tennessee, this town has a population of about 2,500 and boasts of a tranquil and refreshing environment. You can enjoy the slow pace of life without sacrificing access to all the amenities that you need. In this blog post, we will uncover what it is like to live in Strawberry Plains and discover the reasons why people cannot resist the allure of this charming town. Genuine Southern Hospitality When you decide to move to Strawberry Plains, expect to be greeted with warm embraces and courteous smiles. Residents are known for their kind-hearted nature and are quick to make newcomers feel at home. Whether you are shopping at the local farmers' market, attending a church service, or sharing a meal with your new neighbors, you will surely find yourself welcomed with open arms. Abundance of Outdoor Activities If you are an outdoorsy person, Strawberry Plains is the perfect place for you. The town has several forests made up of thousands of acres of land. The Holston River flows alongside the town, and there are plenty of spots for fishing, kayaking, and canoeing. If you love hiking, mountain biking, and trail running, you can explore the renowned Seven Islands State Birding Park, where you can witness breathtaking wildlife and landscape. Affordable Housing and Low Taxes One of the biggest perks of living in Strawberry Plains is affordable housing and low tax rates. You can find houses, apartments, or condos, to cater to any lifestyle you desire, without breaking the bank. The town's proximity to Knoxville means you also have access to a wide range of job opportunities. The low property taxes make it easy to invest in a home, and residents enjoy the privilege of owning a home at a modest price. Schools and Healthcare Facilities Several schools that serve Strawberry Plains have a reputation for excellence in academics, arts, and athletics. The town has a mixture of public, private, and specialized educational institutions, providing access to education for every child. Additionally, Strawberry Plains has a modern medical center complete with exceptional medical facilities and highly skilled practitioners to assist in providing outstanding healthcare. Charming Downtown and Local Businesses Another reason to live in Strawberry Plains is the charming downtown and local businesses. You can find several mom-and-pop shops, boutique stores, and country-style diners that serve comfort food like no other. The farmers' market held every week ensures that you have access to fresh produce and homemade goods. The seasonal events that the town holds bring people together for fun, games, and community building. The town's simplicity makes it easy to get involved and feel like a close-knit community member. Living in Strawberry Plains, TN is like living in a slice of heaven on earth. The town's serene beauty, outdoor activities, friendly residents, and affordable housing make it the perfect place for home buyers, renters, customers, visitors, and home sellers. You can expect to fall in love with this small town and embrace a lifestyle that epitomizes the Old-Southern charm. Why not plan a visit and see for yourself what makes Strawberry Plains a hidden jewel in East Tennessee? Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreDeals in Writing: Never Rely on a Verbal Agreement
In today's fast-paced world, people tend to make deals with just a simple handshake or a few words of agreement. However, while verbal agreements are still used in various areas of business, they are becoming more and more unreliable. It can lead to disastrous consequences, especially in those cases where there is a conflict of interest or a misunderstanding. This is why it is essential to have your deals in writing. In this blog post, we will explore why you should always insist on a written agreement and the benefits of doing so. 1. Clarity and Detail One of the primary advantages of having your deal in writing is that it provides clarity and detail. When you have a written contract, it can establish the terms of the agreement. Additionally, including its purpose, scope, and specific details related to the transaction. The terms will consider all possible scenarios and many things are discussed in detail so that there is no ambiguity. This means that everyone involved in the transaction knows what is expected of them. There is a clear understanding of what will happen if there is a breach of the contract. 2. Legal Enforceability Another benefit of having your agreement in writing is that it is legally enforceable, which means it has the power of law behind it. This means that if one party breaches the contract, the other party has legal recourse to remedy it. In comparison, verbal agreements are difficult to legally enforce, and they often depend on word of mouth. By having your terms in writing, you have the legal benefit of protection. 3. Better Communication and Record Keeping Having deals in writing allows better communication and record-keeping, ensuring that there is no loss of information. For example, if there are multiple parties involved in a transaction, the written agreement can be circulated to all parties. It can then be referred to later if there are any queries. Without a written agreement, there is no easy record to go back to should there be a dispute down the line. Which can be detrimental, particularly when dealing with large sums of money. 4. Professionalism By insisting on a written agreement, you show professionalism and a sense of responsibility. This demonstrates that you take your business dealings seriously and are not willing to cut corners that can lead to misunderstandings or conflict with your counterparties. It portrays your accountability for your actions. This is an instrumental element, particularly in any business where integrity is essential in building and maintaining a solid reputation. 5. Peace of Mind Finally, having your agreement in writing provides peace of mind. A verbal agreement can never provide you with the same level of protection as a written one. By having everything written down, you're guaranteed that everything lies in writing, creating accountability. It can give you the extra boost of confidence and assurance that everyone is on the same page, and no one will feel slighted down the line. In conclusion, it is essential to have everything in writing to avoid any misunderstandings or conflicts. The need for the written agreement extends beyond the legally enforceable part of the deal, from professionalism to better communication and record-keeping. So, the next time you're making a deal, don't hesitate to insist on a written agreement. It will prove to be the smartest decision you ever made. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
Read MoreFor Sale By Owner Properties: The Pros and Cons You Need To Know
Buying a property is not an easy task. You have to go through a lot of stages and processes before you can finally get your hands on your dream home. One of these stages is choosing whether to buy a property listed by a real estate agent or a For Sale By Owner (FSBO) property. While it might be tempting to go for the latter since it seems cheaper, there are some things to consider. In this article, we'll break down the pros and cons of buying a For Sale By Owner property. You Might Save Some Money One obvious benefit of buying an FSBO property is the potential to save some money. Since there are no commission fees, the seller may pass the savings down to the buyer in the form of a lower asking price. However, this isn't always the case, so it's essential to do your homework before making any assumptions. It's essential to research the market prices for similar properties in the same neighborhood. That way, you can determine whether the asking price for the FSBO property you're interested in is reasonable or not. You'd Have to do the Work Yourself When you buy an FSBO property, you'll have to take on m any of the responsibilities that a real estate agent would typically handle. For starters, you must research the market and neighborhood to determine the actual market price of the property. You'll also have to carry out due diligence to ensure that the property is in good condition and has no undisclosed defects. Moreover, you'll have to handle all the paperwork and legal requirements yourself. This can be overwhelming, especially if you're a first-time homebuyer. Risk of Buying a Problematic Property One of the risks associated with buying an FSBO property is that the seller may not be forthcoming about the property's issues or defects. Unlike professional real estate agents who are required by law to disclose all defects, FSBO sellers may try and hide defects to make the property more appealing to buyers. To prevent this, it's recommended to hire a professional inspector. Hire one to carry out a thorough inspection of the property before finalizing the purchase. This would give you an idea of any hidden defects so that you can make an informed decision on whether to continue with the purchase or not. The Sale Process May Take Longer Buying an FSBO property may take longer than buying a property listed by a real estate agent. Since there are no intermediaries involved, the negotiation and paperwork process can drag on longer than usual. This can be frustrating, especially if you're on a tight schedule or facing stiff competition from other buyers in the market. However, if you're patient and persistent, you could land a good deal. You May Miss Out on Professional Guidance When you're buying a property through a real estate agent, you have the advantage of professional guidance. Experienced agents understand the market and can provide you with valuable advice on what to look for and what to avoid. They can also act as a mediator between you and the seller to ensure that the negotiation process goes smoothly. With FSBO properties, you'll miss out on this guidance. You'll have to rely on your research and instincts to make the right decision. Buying an FSBO property can be an excellent way to save some money, but it's not without its risks. You'll have to do your homework, handle the work yourself, and ensure that there are no hidden defects before finalizing the purchase. However, if you're persistent, patient, and cautious, you could land a great deal. Consider all the pros and cons before making a decision that could affect your finances and happiness for years to come. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
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