Gatlinburg homes, like others across the nation, offer challenges to a first time home buyer. Today’s blog explores five mistakes that novice home buyers commonly make. The source for our material came from the National Association of Realtors. As the key trade association for real estate in the U.S., much research is conducted to advise our membership. This material helps agents assist buyers and sellers in the potentially complex transactions of real estate exchange.
Mistake number one is the novice buyer fails to ask enough questions of their lender. This can lead to missing a great deal on a home. Especially in our current home market, getting pre-qualified is crucial. Today there is a fast pace driven by foreclosures and short sales. Knowing what amount and whether you qualify in this tighter credit market is key. First-time mistake number two is failing to make a quick decision. This allows someone else to buy your house. As previously noted, speed is the quintessential element in discount priced property. Mistake number three is not finding the right agent. New buyers need a representative who is patient and relates well to them. Home buying is a huge commitment and it is critical to have a trustworthy ally on your side. This takes much of the first time stress and fear out of the process. The fourth common mistake is first time buyers do not make their offer look appealing to a seller. The best deals offer a win/win for both parties. There are often extra items that can sweeten a deal for the seller. Often something like more time or flexibility on some aspect of the negotiation would not cost the buyer, but it could seal the deal. The last of the five common mistakes is failing to think about resale before purchasing a home. The U.S. average is four years living in a first time home purchase. What might be a deal today, could become tomorrow’s nightmare, if the new home is not easily resold. Nobody wants to tie up their capital in a home that is not easy to resell.
Avoiding these five mistakes are important even for experienced home buyers. The Jason White Team gears our website, and the experience of our people to help our buyers avoid these 5 potentially expensive mistakes. We encourage buyers to work with lenders in advance. With pre-approval you can act with confidence when a deal appears. Also, setting up your personal search criteria on our website, allows you to focus on only those properties that match what you want. We can also send you listings daily or weekly that match your needs. Contact us online or by phone 877-678-2121 and begin today.
Here are a Few of My Latest and Current Listings:
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Foreclosure/ Furnished! Foreclosure with ample parking. This property is generating a strong rental income in 2009 of $46,503! Massive open floor plan with cathedral ceilings. Features include movie projector,bar w/fridge,hardwood floors,gourmet kitchen and much more. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $329,900 Get more information > |
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Premier View of Smoky Mountains! Condo with sought after mountain views and 3 bedroom plan. Indoor and outdoor pools, hot tubs and saunas and really close to the Great Smoky Mountain Nat’l Park and ski resort. Type: Condo Location: Gatlinburg, Tennessee Price: $109,900 Get more information > |
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Updated with Private Bedroom Suites! Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views. Type: Single Family Home Location: Chalet Village Price: $249,900 Get more information > |