Category Archives: Home Buying

Norris Lake – Golf & Lake Community

Woodlake is located on the pristine waters of Norris Lake. There are many recreational opportunities available; a par 72 championship golf course (rated one of the “best new courses” by Golf Digest in 2000), swimming, tennis and all forms of boating. At the end of the day enjoy fine dining at the Country Club. Click on the video to see the Woodlake Community for yourself.

Lakefront – Watts Bar

Enjoy lake living at its best in this home that’s located on Watts Bar Lake in Indian Shadows. It offers a master bedroom that faces the lake, bonus and hobby rooms, both a screened porch and a covered patio to enjoy the lake views. It’s an easy stroll from the house to the private boat dock with lift. Watch the video to see all of this, plus more for yourself.

10 Tips for Real Estate Buyers

1. Find the right real estate agent
2. Get pre-approved for a mortgage
3. Create a “must have” list for the type of home and location
4. Be open to adjusting your “must have” list
5. Learn about the neighborhood once you identify a property
6. Always have a home inspected
7. Understand the process and the paperwork
8. Submit a reasonable offer
9. Don’t expect the seller to make too many improvements
10. Stick to your pre-determined budget

Wonder How Most Home Buyers Find an Agent?

Most buyers find their real estate agent in one of the following ways (listed from most common to least common):

1. Referred by a friend, relative or neighbor

2. Website

3. Used agent previously

4. Saw contact info on a For Sale or Open House sign

5. Meet agent at an open house

6. Referred by another agent

7. Personal contact by agent

8. Employer or relocation company referral

9. Office walk-in

10. Internet search engine

Source: National Association of RealtorsĀ®

How Buyers Can Turn-off Sellers

Here are a few of the ways that buyers can annoy sellers:

Disrespectful house visitors: This could include going in with muddy shoes and tracking up the carpeting, allowing children to run loose and play with the seller’s stuff, changing the heat and air settings, leaving lights on; and worst of all, leaving a door unlocked.

Submitting a long list of defects: Doing this will leave the seller questioning; does the buyer really want this place? If your wanting to buy a particular house, the better approach might be to give the seller a hand written note accompanying your offer introducing yourself and explaining why you would like to buy their house.

Too many visits: After committing to purchase a house, some buyers will want to get access to the property for a number of reasons prior to closing. These could include measuring for window treatments, planning furniture placement and obtaining repair estimates to name a few. Many sellers find the constant visits disruptive because they are in the middle of packing and making their own plans during this period.

Renegotiation: Once a contract is signed and the price and terms are agreed upon, many buyers will come back before closing and want more concessions from the seller. Most often this is being driven by the results of a home inspection. A realistic buyer should know that everything is not going to be in perfect condition, so common sense needs to come into play at some point when dealing with repair or replacement demands.

Sources: Bankrate.com & REALTORĀ® Magazine

Mortgage Credit Availablity Reaches 3-Year High

Access to mortgage credit is at its highest level in three years, and credit standards are expected to loosen even more this year, according to a newly released index by the Mortgage Bankers Association.

The Mortgage Bankers Association index rose to a 114 reading in March of this year, which is the highest reading in the gauge’s three year history.

Mortgage underwriting standards have gotten easier over the last two to three years, but nowhere near the loose standards of the 2005 and 2006 era.

Nearly 17 percent of the large banks recently eased their credit standards for prime purchase mortgages, while 5.6 percent have tightened their standards. The remaining banks have left their standards the same. This information comes from the Federal Reserve’s recent senior loan officer survey.

Source: Realty Biz News (4/14/2014)

Farragut – Custom Built / All Brick

Don’t miss out on this beauty. Master on the main, gourmet kitchen with custom made cabinets, walk-out basement, surround sound throughout. Enjoy the outdoors from the screened porch that overlooks wooded common space. The subdivision offers both a pool and tennis courts for added enjoyment. For additional information or to schedule your private showing, contact Lori Douthat at (800) 747-0713.