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Luxe Properties | East Tennessee Real Estate Blog

Thursday, January 9, 2025   /   by Arial Davis

Budgeting Basics for Homebuyers: What You Need to Know

Buying a home is an exciting milestone, but understanding the costs involved can feel overwhelming. The good news? It doesn’t have to be! By getting familiar with the expenses you may encounter upfront, you’ll feel more in control of the process. Here’s what experts say you should plan for:
1. Down Payment
One of the first things that comes to mind when buying a home is the down payment. Many believe you need 20% of the purchase price, but that’s not always the case. Depending on your loan type, you may only need 3.5% or even 0% down.
As The Mortgage Reports explains:

“The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals. If you don’t have a large down payment saved up, don’t worry—there are plenty of options available.”

A trusted lender can help you explore your loan options and even introduce you to down payment assistance programs. By working with a profess. ...

Thursday, December 19, 2024   /   by Arial Davis

The Biggest Perks of Buying a Home This Winter

Purchasing a home during the winter season offers several distinct advantages that can make the process more favorable for buyers. Here are some key benefits to consider:
1. Motivated Sellers

Homeowners who list their properties in winter often have compelling reasons to sell, such as job relocations or life changes. This urgency can lead to more flexible negotiations and potentially better deals for buyers.

2. Less Competition

The housing market typically sees a slowdown during winter months, resulting in fewer buyers. This reduced competition means you're less likely to encounter bidding wars, increasing your chances of securing your desired home.

3. Faster Transactions

With fewer real estate transactions occurring in winter, professionals like agents, lenders, and inspectors have more availability. This can expedite the home-buying process, allowing for quicker closings.

4. Realistic Pricing

Sellers listing in winter are often more realistic about pricing, aimi ...
Luxe Properties | East Tennessee Real Estate
David Rowan
2916 Tazewell Pike suite D
Knoxville, TN 37918
407-493-5950

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