VIDEO: Looking for things to do in Knoxville? Â Here is something that is always fun and interesting. Be sure to go downtown and visit Market Square. Â Whether you are looking for great food, shopping, music, or people watching, Market Square won’t disappoint.
Things To Do In Knoxville: FREE Admission to Museums on Saturday!
Looking for things to do in Knoxville with the family that are inexpensive and educational? This Saturday, September 28th, 2013, thanks to Smithsonian Museum Day Live, you can take advantage of FREE admission to several area museums. Â The Knoxville museums participating are: American Museum of Science and Energy, McClung Museum of Natural History and Culture, Museum of East Tennessee History, Crockett Tavern Museum, Museum of Appalachia, Sequoyah Birthplace Museum, and the Women’s Basketball Hall of Fame. Â Get your by DOWNLOADING IT HERE, from the Smithsonian website.
Clues That Your Knoxville Home May Have A Drainage Issue
Needless to say the Knoxville area has received quite a bit of rain this year. Â I heard someone say the other day that we have received more than Seattle this year! Â With lots of rain comes lots of water. Â With lots of water comes drainage issues in your Knoxville home. Â Here are some clues that your home may have a drainage issue that needs attention.
- WHEN IT RAINS YOUR GUTTERS POUR – Is water flowing over the edge of your gutters like a waterfall in Cade’s Cove? Â If so this probably means that the gutters are full of debris (leaves, branches, etc). Â Not around to see the gutters when it rains? Â Then look for these other clues that your gutters are full: vertical streaks of dirt on the outside of the gutters, siding or brick splattered with mud, or vertical strips of peeling paint on the house. Solve this problem by keeping your gutters clean.
- ABBREVIATED DOWNSPOUT SYNDROME – OK, it’s really not called that, but it’s still a problem. Â This is when your downspouts are too short and cause all of the water coming off the roof to dump next to the house. Â Did you know that a 1000 square foot roof can dump as much as 600 gallons of water? Â Guess where that water goes when your downspouts are too short? Â Right along your foundation, and if you have one, into your basement. Â Solve this problem by adding extensions to the downspouts, allowing the water to dump away from the house.
- WATER STAINS IN THE BASEMENT – If you see water stains on the foundation walls of your basement you are experiencing a drainage issue. Â The staining is most likely being caused by surface water seeping down (caused by one of the issues above or because the soil is not sloping adequately away from your home). Â Solve this problem by eliminating the gutter issues mentioned above or regrading the soil so it slopes away from the home. Â If it is not being caused by one of those issues, it could be a larger issue such as the basement effected by a fluctuating water table or storm drains backing up during heavy rains. Â Solve this problem by having a professional install an interior drain system with pumps.
- EXPANDING CRACKS IN THE FOUNDATION – Every home will eventually have cracks that come from normal settling. Â Those aren’t the cracks we are worried about. Â What you need to watch out for are cracks larger than 1/8″ wide that continue to expand. Â This may be a sign of a drainage problem effecting the foundation. Â Solve this problem by contacting a structural engineer to assess the situation. Â Better safe than sorry.
- MOLD IN THE ATTIC – What? How do you get mold in the attic? Look for mold growing on the underside of the roof. Â Although this is at the top of the house it could be pointing to a drainage problem at the ground level. Â Oftentimes if their is a drainage issue causing moisture in the basement or crawlspace of a home, that moisture will rise through the house and form condensation on the underside of the roof in the attic. Â Solve this problem by finding the source of the moisture and eliminating it (most likely one of the causes mentioned above). Â Also check to be sure one or more bathroom vents aren’t venting directly into the attic as this can form condensation as well. Â If so, solve this by venting them through the roof or an outside wall.
- WHO KEEPS MOVING MY MULCH! – If you notice your mulch moving, say onto your driveway, or depositing somewhere else, you have a drainage issue. Â Nothing major, but you’ll need to move some dirt around to help the soil drain properly. Â Always remember to keep the soil flowing downhill from your home as that is the way you want the water to run.
Have any other questions regarding real estate or need a recommendation for a contractor to help you with your drainage issues? Â Contact the 865 Real Estate team today!
Real Estate Update – What’s happening in the Housing Market
Recently released reports show that July new home sales were down over 13% month to month, but existing home sales increased a healthy 6.5%.  Why there is such a big difference? The reason is that new home sales are based on signed contracts in July and the existing home sales numbers are based on closings which were contracts signed in May or June.  One factor for this difference is rising mortgage rates which jumped from 3.5% to 4.5% between May and July and made buying a home 15% more expensive.  This rising expense is just calculating the increased mortgage rate, not the rising prices of homes.  Lender Processing Services calculates that prices have increased nationally by 8.4% from last year.  The S&P Case Shiller Index calculates the increase at 12.2%.  Rising rates plus rising home prices are beginning to effect the ability to buy a home for some home buyers.  It is even beginning to effect the investor market.  Investors who have been bolstering many markets, accounted for only 16% of the sales in July, down from 22% in February.  First time home buyers, who may be feeling the effect of these higher home prices and higher mortgage rates, historically account for around 40% of home sales. In July, first time home buyers only accounted for 29% of the home sales.  If mortgage rates level off and the current administration continues to focus on making housing a priority for the ailing economy, then home sales should continue on a steadier pace.  However, if rates keep increasing along with prices, the housing market will be negatively impacted.  Have questions about the market or any real estate questions in general?  Contact the 865 Real Estate team today!
501 Serenity Lane, Knoxville, TN 37934 OVER 5000SF in Fox Run
Reduced! Â POSSIBLE LEASE/PURCHASE. 501 Serenity Lane, Knoxville, TN 37934 in Farragut’s Fox Run Subdivision. 5 bedrooms, 5 full and one half bath. Large eat-in kitchen with island and solid surface counters and separate desk area opens directly to the family room with fireplace and access to screened porch. Gleaming hardwoods in most main level areas including the family room, office, dining room, and more. Main level guest suite with private bath. Huge master bedroom up with closet space galore and his/her sink areas. Â 2 additional bedroom upstairs plus a bonus room. Lower level features massive rec room, 5th bedroom, full bath, office space, and 3rd car garage with it’s own separate driveway (great for your boat or toys!). Â Fox Run Subdivision features a neighborhood clubhouse, two swimming pools, play field, tennis court, and multiple gazebos. Â Contact the 865 Real Estate team today to schedule your private showing and watch the video below.
Getting A Home Loan In Knoxville May Be Getting Easier
Over the last few years, getting a home loan in Knoxville hasn’t been as easy as in the past. Â With banks battening down the hatches after the turbulent robo-signing scandal, and years of rampant sub-prime loans, the lending standards were tightened quite a few belt holes. Â Couple that with the last few years of uber-low interest rates and homeowners re-financing like crazy, and banks didn’t have to budge. Â Well, the tide is turning. Â Now that interest rates are trending higher and homeowners are no longer jumping on the refinance bandwagon, banks need business. Â The good news for homebuyers is that in order to get more business, banks will likely have to loosen those tight lending standards. Â If you were turned down in the past because of self-employment or other issues, it might be a good time to revisit the process of getting a home loan. You just might like the results. Need a recommendation for a lender or a looking for real estate advice? Â Contact us today!
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