Whether you’re a first time buyer or you’re a seasoned home buyer, buying a Knoxville home can be a complicated process. The Knoxville real estate landscape is always changing, so if you haven’t bought a home in recent years, the game has changed a little bit.
With the current market being more competitive than it has in a few years, it’s important to bring your A-Game. In addition, with significant changes coming to the mortgage world via TRID (TILA-RESPA Integrated Disclosure), its important to be an informed, prepared Knoxville home buyer.
Here are 5 habits highly effective Knoxville buyers.
Habit #1: Be Prepared
In the end, you and you alone are the one who determines the success of your Knoxville home search. This can be pretty scary when it comes to making the biggest investment of your life, but it’s ultimately true.
This is why it’s important for Knoxville buyers to be prepared for buying a home. This starts with surrounding yourself with trusted advisors to help you through the home buying process. Find a Realtor, loan officer, title company, and home inspector that you trust. During the process, those people are there to help offer you advice throughout the process. Still, in the end, even after surrounding yourself with a trusted group of advisors, the end result falls on you. As the buyer, you’re there to be sure you read and follow up on things. It’s your house hunt, take control of it and be prepared.
Habit #2: Make Buying A Financial Priority
Buying a home takes financial responsibility. Whether you’re paying cash or getting a loan, in order to buy a home, Knoxville buyers must be financially responsible in order to buy a Knoxville home.
This can look a bit different depending on the buyer. Some buyers are just naturally more responsible with money and may have been putting some money away for sometime. Other buyers may have to cut down on some spending and pay down some debt before being able to buy a home.
Before even starting to look at homes, sit down with a loan officer and make sure your finances are where they need to be. That way, if there are any issues, you’ll be able to work through them prior to searching for a home.
Habit #3: Know Your Priorities
There is a saying among Realtors that “buyer are liars.” This saying can be very true for those buyers who haven’t really thought about what they want in a Knoxville home. They’ll talk with a Realtor about what they think they want in a home, but as they start to look, they start to go back on what they’ve said, making the home search more difficult for them and their Realtor. This is why it’s important to know what you want.
Knoxville buyers who have a clear picture of what they want in a Knoxville home. Those who have sat down and really though about what they want and need in a home and who have carefully narrowed down a search area, will have a significantly easier home search than those who don’t. Before you even start your search, create a clear picture of what you’re looking for and go out and find it.
Habit #4: Know The Art Of Compromise
Successful buyers know there is compromise if every real estate transaction. If you think you’re going to write a lowball offer with a long lists of demands, you may find that you’re sorely mistaken.
Any real estate transaction is a two way street. It’s a back and forth conversation until both parties come to terms that are acceptable to both parties. You may offer one price and the seller will counter back a bit more on account of your closing costs. You must give a little to get a little.
Habit #5: Enjoy The Process
Buying a home should be an exciting time. You’re finding a place to call your home. Unfortunately, for many buyers, this can be an extremely stressful experience.
Instead of letting the stress rule your home search, allow yourself to enjoy the process. The thought of finding the right home should be exciting, not stressful. Find yourself a Realtor and lender you’ll enjoy working with. When you’re surrounded by people you trust and enjoy, it’ll ease the stress in your home search.
Bottom Line – The Experience Is What You Make It
Buying a Knoxville home doesn’t have to be a horrible experience. If you come in prepared and hire a team of experts to help you out, you’ll be doing yourself a huge favor. You are only as prepared as you allow yourself to be and you’re advisors are only as good as you hire. Set yourself up for success and you’ll find that buying a Knoxville home is a breeze.
Are you thinking about buying a Knoxville home this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected]. Also, be sure to check out our Knoxville Home Search Page.
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