You Deserve a Home Like This One in Knoxville
You Deserve a Home Like This One in Knoxville
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If you want to buy or sell your home you can look at advertisements in the homes for sale section of the media or websites. But you also need practical advice and street smart insight to guide you right. It is your big investment and there is a lot of money at stake, so it helps to understand the inner workings of a real estate transaction. Making informed decisions can make you profits.
What documents would I need to sign in order to work with you? Can I get a copy to review before I decide to sign? This question can actually be very telling. There are obviously various methods to structure a short sale transaction as an investor. Be cautious if the the investor wants you to sign over the deed to the property or be on title with you. If the investor is shady, this can create many complications for you. If the investor wants to structure the deal using a land trust, you should also be cautious. Land trusts used to be a common structuring method but have fallen into disfavor with many banks and lenders and may cause a red flag. Always consult an attorney if you ever feel "uncomfortable" with what you are asked to sign.
Speaking of Realtors, are you going to "cooperate" with them? That is, if they bring the buyer that ultimately buys your home, are you willing to pay them? If so, how much? The vast majority of Knoxville home for sale listed in the MLS offer compensation of three percent of the sales price to the buyer's agent. In my experience, around 90% of FSBOs offer compensation to buyer's agents.
It may seem like a small thing, but I prefer an agent that returns calls. Leave messages with a few and see who gets back to you that day. Especially if you are selling a property you want an agent that returns calls promptly, so you don't lose a knoxville homes for sale with pool to a potential buyer.
Most agents seem to be much more worried about how to make sure they get their commission than helping the homeowner escape knoxville homes for sale by owner. In the states with the highest rates of foreclosure, it takes less time to become a real estate agent than it does to become a head cashier at Disney World.
You may also wish to check out the homes listed for sale through the Department of Housing and Urban Development, also called HUD. HUD homes are available through the Federal Housing Administration, also called FHA. The FHA helps to get the loans from financial institutions but when the owner defaults on their mortgage, the FHA takes over the property as it was their assurance that got you the loan. They are responsible for it now. The next step is for them to sell the home to try to correct the situation. You can find real estate agencies that deal in HUD houses and with a bit of looking on the internet, you can find out more information.
You can sell your Knoxville home for sale house yourself. However, you must know going in that selling any home in any market is challenging. Do your research and be prepared to compete. One easy and effective tool is to advertise your home as "Realtor Friendly". You will pay a fraction of the cost of listing your home. Of course you still have the issue of drawing attention to your home.