865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Farragut Lot in Berkeley Park Subdivision only $50,000!

By

Amazing deal on a Farragut lot for sale located in the prestigious Berkeley Park Subdivision.  This level corner lot is located in the newest section of Berkeley Park, The Battery.  A maintenance free community with sidewalks and a neighborhood pool and one of the most convenient locations in Farragut.  Just minutes to Turkey Creek, schools, hospitals, library and parks.  Contact Troy Stavros with Gables & Gates, REALTORS today at 865-599-9444 to secure this deal or to ask any questions.

[idx_listing_details listing=”889751″ _=”1415683582500″]

5BR West Knoxville Home For Sale For Under $240,000!

By

UPDATE: UNDER CONTRACT IN 9 DAYS! It is rare indeed that you can find an updated 5 bedroom West Knoxville home for sale under $240,000. This gem located at 9029 Tall Timber Drive, Knoxville, TN 37934 in the Hundred Oaks Subdivision is the deal of this new fall season.  From the updated kitchen to the main level owner’s suite, plus a main level office, this home just has too much to be priced this low.  Hardwoods galore with no carpet on the main level at all.  Entertain out back on the custom stone patio, practice on your personal putting green, or pull a chair up by the stone fire pit.  The only mistake you’ll make with this home is waiting too long to buy it as we predict competition will be fierce.  Call Troy Stavros with Gables & Gates, REALTORS today at 865-599-9444 to schedule your private showing or for answers to your questions.

[idx_listing_details listing=”904545″ _=”1414129005853″]

How To Get The Best Deal When Buying A Home In Knoxville

By

best deal on buying a knoxville homeA recent article on the Wall Street Journal’s MarketWatch website discussed housing affordability and how home buyers can get the best deal when buying a new home.  The article’s summary of the national market conditions showed that home prices will continue trending higher this year, but not as fast as 2013.  Mortgage rates are also expected to rise, but estimates say they will do so gradually.  Because of these two factors, home’s will be somewhat less affordable.

It is with these facts in mind that I echo these 6 pieces of advice for getting a better deal when buying a home in Knoxville.

  1. The sooner you buy the better.  Simple logic tells us that if both Knoxville home prices and mortgage interest rates are rising, then it’s better to buy sooner rather than later to take advantage of lower prices and lower interest rates.
  2. Find yourself an expert and work with them.  The last thing I want to do is bash other real estate agents, but just like in all professions, not everyone is created equal.  Find an agent who is intimately familiar with the area where you want to buy your next home, who is on top of market trends, and who has proven themselves as a good negotiator.
  3. Know the local home market.  Continuing off the advice in #2, a good agent will be able to look at a home’s price and tell you if it’s priced above, below, or at market value.  This is key in knowing not only what to offer, but how fast you need to offer.  Homes in the current Knoxville home market that are priced below market value are selling very fast, so if you delay in making an offer, chances are pretty good you will lose out to another interested party.  If your agent isn’t armed with the information to educate you, then you may lose out on a home you love.
  4. Get your financing in order.  As a Knoxville home buyer or a buyer anywhere for that matter, it is super important to understand how much house you can afford.  This dollar amount may or may not be what the mortgage broker says you can qualify for.  Think seriously about how much you are comfortable paying a month (they key term there is comfortable, don’t stretch yourself too thin).  Having a ceiling price can really help when you start getting emotional during negotiations and are tempted to offer more than you should.
  5. Make yourself attractive to sellers.  First and foremost a seller wants to know that you can afford to buy their home, so getting pre-approved by a lender and including a pre-approval letter with your offer is key.  Also keeping the number of contingencies in your offer to a minimum is important.  Oftentimes the highest price isn’t the most important thing to a seller.  When wearing my listing agent hat, I tell me sellers to take into account which offer has the highest probability of closing, as well as which has an attractive offer price. If an offer can’t close, it doesn’t matter how good the offer price is.
  6. Expand your geographic search area.  Depending on where you are looking for your home, sometimes you can get more for your money if you expand your search area a bit.  I’m not talking about moving to a different county (although that is an option), but a subtle zipcode change can make a big difference in pricing.  If you are trying to stay within a certain school district, there may be different pockets within that search area which may offer more house for the money.  Being flexible on location can not only save you money, but can open up additional options and perhaps get you a better overall home.

I’d love to sit down and talk to you about the Knoxville home market.  Contact me, Troy Stavros to discuss your goals in buying a home in Knoxville.

CLICK HERE to read the complete source article at MarketWatch.com.

Will All Credit Bureaus Give Me the Same Credit Score?

By

If you have looked at your credit report recently or spoken to a lender about your credit, you may have seen that there are three different credit bureaus that handle credit scoring.  They are Equifax, TransUnion, and Experian.  All get the same information from your creditors, so you would think that your credit score would be the same for all three.  So, if all reported information is exactly the same, will Equifax, TransUnion, and Experian all give you the same credit score? The truth is, not all of the companies report the same and look at the information the same way.  Some report information sooner than others as well, so depending on the day your credit is pulled, balances may show differently with each company, making your credit score different.

Have any other questions about credit or any other real estate related questions?  Contact me, Troy Stavros at Gables & Gates, REALTORS and I’d be happy to answer your questions or help in anyway that I can!

Luxury Mountain Home In The Hills Of East Tennessee

By

East Tennessee Luxury Mountain HomeLuxury mountain home on 6.3 acres carved out of the hills of East Tennessee.  Family property located at 544 N 27th Street, Lafollette, TN 37766 is being offered to the public for the very first time.  Builder’s personal, custom, luxury mountain home, includes over 4400 square feet, 3 bedrooms, 2.5 baths, a custom gazebo overlooking the stocked, spring fed pond and pool and much, much more.  Quality constructed from Hardie Plank siding and stone with custom craftsmanship inside and out, as witnessed by the stunning wood beamed ceilings, 3 fireplaces, massive owner’s suite with fireplace, vaulted beamed ceiling, multi-head spa shower, and a tower room that allows for a bird’s eye view of the acreage. The property is perfectly suited for fishing, swimming, hunting, or hiking.  Hike a trail 45 minutes up the mountain in the backyard and reach the Appalachian Trail! Enjoy the incredible long views all the way to Knoxville. While city water and city sewer are located at the street and available to tie into, this property has the benefit of a private pump house, as the mountain provides a source of constantly flowing, pure mountain water at the rate of 5 gallons per second!  Both the main house and guest house are served through two, 1000 gallon water tanks in the pump house.  The modular guest house is not included and will be removed.  It has 3 bedrooms, 2 baths, approximately 1950 square feet and a beautiful screened porch perched high above the pond to enjoy the scenic views and can be purchased for an additional $25,000. Both the main and guest house have oversized 2 car attached carports.  In addition to the carports, the property includes a 24×40 Motor Home garage with additional living quarters above and a detached 6 car garage.  This is a unique property priced well below replacement value.  It is in need of a little TLC and is priced accordingly.

To schedule your private showing or for more information, contact me, Troy Stavros with Gables & Gates, REALTORS.  Your mountain retreat awaits!

[idx_listing_details listing=”892674″ _=”1404321907227″]

Homes for sale in Fox Run Subdivision – 501 Serenity Lane

By


Bring your big family and then some to this home located at 501 Serenity Lane, Knoxville, TN 37934 in Farragut’s Fox Run Subdivision.  Over 5500 square feet on 3 levels.  Gleaming hardwood floors greet you as you enter the 2 story foyer.  Follow the hardwood floors into the main level office and bright formal dining room.  Windows across the back of the home flood light into the eat-in cook’s kitchen with counter tops aplenty including an island with vegetable sink.  The kitchen opens directly to the family room.  Just a few steps off the family room and kitchen is the large screened in porch.  Great outdoor entertaining spaces as the screened porch is adjacent to a separate open deck area perfect for grilling or laying out and enjoying the sun.  A short trip down the stairs of the deck leads you to the lower level patio areas and backyard.  Venture upstairs to the enormous Owner’s Suite with His/Her vanities and walk-in closets.  2 additional bedrooms and baths upstairs along with a large bonus room which could serve as a 6th bedroom if needed because of it’s large closet.  The 4th bedroom is located on the main level as a private guest suite.  The lower level features an open rec room, 5th bedroom and full bath, 2nd office, and a lower level garage bay with private driveway.  The lower level is easily suited for in-laws, and older child, a business in the home, or family fun.  Bring  your imagination!  Fox Run Subdivision features a neighborhood clubhouse, 2 neighborhood pools, pavilions, tennis court, and play fields.

To schedule a private showing or for more information contact me, Troy Stavros with Gables & Gates, REALTORS.  I look forward to talking with you!

[idx_listing_details listing=”896449″ _=”1407300011174″]