Are you planning on selling your house in Knoxville in 2019? You will no doubt have more than 4 questions on your mind, but knowing the answers to these will get you started with confidence! Let’s get together to answer these and any other questions you may have! Contact me, Troy Stavros with CornerStone […]
How To Prepare To Buy Or Sell A Home This Spring in Knoxville
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: […]
Why an Economic Slowdown Will NOT Crush Real Estate this Time
Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.” Their […]
Would You Rather Be Paying Off Your Landlord’s Mortgage Or Your Own?
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
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
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 […]
Year End Housing Snapshot: Sales Declining Nationally, Knoxville Still Strong
Nationally, at the end of 2018, pending home sales fell, possibly due to concerns about the economy and rising home prices, according to a recently released housing index from the National Association of REALTORS®. Chief economist for NAR, Lawrence Yun said, “The stock market correction hurt consumer confidence, record high home prices cut into affordability, and mortgage rates […]
Homeownership and the Effects of Student Loan Debt
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 […]
Why It Doesn’t Make Sense To Wait For Spring To Sell Your Home
The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As […]
Things You Need To Know In A Shifting Real Estate Market
Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market? If you […]
Buying A Home In Knoxville This Year? Here Comes The Inventory!
The top reason homeowners cited for not listing their home for sale in 2018, was their belief that they would be unable to find a home to buy. After 3 years of declining inventory for sale, we’re finally starting to see more listings come to market! Let’s get together to chat about what this means […]
Selling Your Home? Come On Down.. But Make Sure the Price is Right!
If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming […]
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