865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Your Tax Refund Could Be Your Key To Homeownership!

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According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals. For anyone looking to buy a home in […]

46 Million Millennials Are Now Mortgage Ready. But Do They Know It?

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Much has been written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. (Partially because this generation has been […]

What Credit Score Do You Need To Buy A Home in Knoxville?

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There are many misconceptions about the credit score needed to buy a house in Knoxville. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is […]

Luck In Real Estate Is When Opportunity Meets Preparation Followed By Action

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Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity today!

DO NOT Do These 7 Things After Applying For a Mortgage

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Congratulations! You’ve found a home to buy in Knoxville and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you […]

4 Reasons To Buy A Home This Spring In Knoxville

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Spring has sprung in Knoxville, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Knoxville Home Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% nationally over the last 12 months. The same report predicts […]

How To Prepare To Buy Or Sell A Home This Spring in Knoxville

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Some Highlights: In the majority of the country, this past weekend marks the start of Daylight Savings Time as we set our clocks forward an hour on Sunday at 2:00 AM EST. Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition! Spring brings two things: […]

Would You Rather Be Paying Off Your Landlord’s Mortgage Or Your Own?

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There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical […]

Time To Squash The 20% Down Payment Myth For Good

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The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses. In combination with higher rents, survey after survey has shown that non-homeowners (renters […]

4 Time Tested Ways Real Estate Can Build Family Wealth

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Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few: 1. Appreciation “The rising of home prices over time, is how […]

Homeownership and the Effects of Student Loan Debt

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Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations. Due to this, student loan debt has soared to $1.5 trillion and represents the largest […]