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Buyers
Are You Looking to Buy a Home In the Smoky Mountains Area?
 There is no better choice for a buyers broker in the Great Smoky Mountains real estate area which includes Gatlinburg, Pigeon Forge, Sevierville Tennessee real estate than ERA In The Smokies agents. Each of our professional agents strive to work hard on your behalf no matter what home you are buying in the East Tennessee. With our extensive MLS search and listings, there may the right home waiting for you with another agent. With the agent network and the way our agents communicate, your home may be closer than you think!
Some home buying tips to have before you start the search process to help get you on your way whether you are a first time buyer or old pro!
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Know How Much You Can Afford. If you have no idea, speak to a mortgage expert at your local bank or call a few lenders up to get a sense. If possible, look for a home that is slightly below what you can afford – living paycheck to paycheck is not a great option. Talk to a lender about a pre-approval letter. The most disheartening thing is when you find the home of your dreams then realize you can't afford it. The pre-approval letter not only gives you and your agent a search range but also gives you great ammunition when it comes time to make an offer. The seller knows you are already approved for the loan amount and are serious about buying the house.
Have an Earnest Money Deposit Available. This is usually is equal to 1-3% of the purchase price and the more the better, although sometimes less is acceptable.
Set Back a Little Extra. Plan to have a little extra money available in case you want to do an inspection. Costs can range from $100-$800 and even more depending on how much you want inspected. When using the inspection results for negotiations, decide what is most important to you in the sale of the home. Many times these are safety issues or things that would really make or break the sale.
Get a Buyer's Agent. A buyer's agent can save you enormous amounts of time and frustration. He or she can use years of real estate expertise to track down that perfect house for you, so consider a buyer's agent if it is at all possible.
Decide to Invest the Time. Some homebuyers only look at a few properties before rushing to close. If you want a home that is truly great, you need to give yourself time to look at many homes so that you can understand what is on the market and what a good bargain is.
View Homes – Armed With the Right Tools. View as many homes as you possibly can. Come in comfortable clothing and armed with a level, a flashlight, an instant camera, a notebook, and measuring tape. Look into every nook and cranny and take notes so that you can review the viewing later. When you find a home that seems promising, get an inspector and assessor to take a look at the property for you as well – such expert opinion is invaluable.
Do Your Research. Research neighborhood property values, resell times and crime rates. Learn as much as possible about the area where you will be living and opt for neighborhoods that are up-and-coming or very well cared-for. A house never exists in a vacuum – your area and neighbors will have a big impact on whether your home is a dream house or a nightmare.
Be Patient. During the time between the acceptance of the inspection and closing there is a brief time of silence where you might feel no one is doing anything. But this is the time where all the folks behind the scenes really start their work. Escrow agents, lenders and sellers know now that you are serious about buying and more than likely the deal will go through so they need to start their work to be sure underwriters have all the paperwork, the title is cleared, etc.
Pack Your Bags! At this point you can start packing and preparing your self to move. Contact the local post office of your move and have your mail forwarded. Close up any loose ends and prepare your children for the move. Such as with schools and programs if necessary. |
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For additional information on real estate in the Smoky Mountains and surrounding areas, contact the professional and qualified agents at ERA in the Smokies today!
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Knowing and implementing these simple tips will help prepare you to make a good, solid offer. Please feel free to contact us with any questions you may have.
We will get on a search for you right away!
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