The Truth About These Common Homebuying Myths

Buying a home can seem like a daunting process. With the wide variety of information readily available on the internet it is easy to be left wondering what is true and what is not. Let’s take a look at a few of the prevailing myths about purchasing a home that may be holding you back from taking the first steps towards owning a home.

Myth 1: Owning a home is more expensive than renting. Mortgage rates are at all time lows making home ownership more affordable than ever before while rental prices are on the rise. It is true that owning your own home will mean that you are responsible for repairs but in exchange for that you gain the freedom to make your own choices about your living space.

Myth 2: You have to have perfect credit to buy a home. It is correct that the higher your credit score the more options you will have in choosing a mortgage. However, having a score in the lower ranges does not mean it is impossible to obtain a loan. If you are thinking of a purchase talking with a lender will help you to navigate your credit report and verify the loan options that are available to you.

Myth 3: You must have a 20% down payment. Sure, having a large down payment will lower your payments but is not always necessary. Many loan programs are available that will allow as little as a 3.5% or in some cases no down payment. We recommend talking with your lender about options such as an FHA or Rural Development loan.

Myth 4: Getting a mortgage is too complicated. Although lending guidelines have gotten tighter than they used to be, with the help of your lender and your real estate agent navigating the process is made much easier. There are some hoops to jump through and it may seem that your lender is asking for an endless supply of documentation but your agent and lender will assist you in making sense of it all and getting you to a successful closing on your home.

Myth 5: Foreclosures need a lot of work. Though some foreclosed homes are left in a state of disrepair this is certainly not the rule. Your agent will assist you with obtaining home inspections to determine the true condition of the property. In many cases you will find that like other homes a foreclosure just needs a little TLC. If the inspection reveals major items that need repaired your agent will be looking out for your best interests and help you negotiate through the inspection results.

Myth 6: Buying a foreclosure will get me a huge discount. Yes, the banks are looking to thin their inventory but they are also trying to protect their interests as well. Though some foreclosed properties are offered at lower than market value prices this is not always the case. The bank obtains a market analysis of the property and sometimes a full appraisal prior to listing it on the market and price it accordingly to see what the market will bear. In most cases the bank would prefer to lower the price in small increments until they obtain a reasonable offer rather than accept a cut rate offer.

Myth 7: The perfect home is out there if I just keep looking. Homes are a lot like people, none are perfect in every way but when we love them we accept the flaws. When you step into the house that is right for you for the first time you will know it. Prior to viewing homes make a list of the things that are most important to you in a home and of what things would be a deal breaker. Once you have an accepted offer we encourage you to have a home inspection which will reveal if any of your deal breaker items exist or if there are simple maintenance items that you are willing to address so that you do not lose the opportunity of owning the home that was meant for you.

The goal of our team is to make your home buying process as easy and stress free as possible. Armed with a great agent and accurate advice you will find the home that is right for you and be at the closing table before you know it. Take some time at to see the wide variety of homes that are available and when you are ready to take the next step we are available to assist with every aspect of the process.

Here Are A Few Of My Featured Listings:

View City Lights Against The Mountains Absolutely amazing views of downtown Gatlinburg and the Great Smoky Mountains National Park. Incredible close up night lights view, you can actually see people on the sidewalks with a dramatic mountain backdrop. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $359,900 Get more information >


180 Degree Mountain & City Light Views $14,300 rental income in 2010 with 2011 already ahead at $14,500 through October. Very private ridgetop retreat w/ wraparound covered deck that has amazing 180 degree views of the mountains & city lights. Type: Single Family Home Location: Price: $189,900 Get more information >


Mount Leconte Views Beautiful mountain home with view, wrap around decks, updates throughout including kitchen, new appliances, quartz counter tops and glass tile back splash. Great for permanent residence or rental. Type: Single Family Home Location: Chalet Village Price: $239,900 Get more information >


Why Should You Get Pre-Approved To Purchase A Smoky Mountain Home?

Whether you are searching the web, talking to friends or getting ready to meet your you have most likely been asked if you are pre-approved. Ever wonder what all the buzz is about? Let’s take an in-depth look at what it means to be pre-approved, how to do it and why we think it is such an important first step in your home search.

What It Is:
A loan officer will review your financial status, including your income, cash flow and credit score, to help you determine the maximum monthly housing payment for which you may be able to qualify, and, if qualified, “pre-approve” your mortgage before you’ve found a home. 

How To Get It:
We suggest speaking with a few lenders to shop for rates and decide who you feel most comfortable with. A great place to start is at your current bank. Next, ask us for a . We have a network of lenders that we work with who are very familiar with all aspects of purchasing in the Smoky Mountains. It only takes a short amount of your time but the benefits of  being pre-approved are numerous.

The Benefits:
*Armed with a mortgage pre-approval, you can start searching for homes with a much better idea of your price range, and in turn save time as you will know the right homes to focus on. Obtaining a pre-approval may offer more confidence and certainty to home sellers in your ability to purchase the home.

*It will give you the ability to see the homes you want to see when you start looking. Many sellers in today’s market will not approve a showing without a pre-approval being provided ahead of time.

*Purchase forms often require buyers to apply for financing within a given time period, in many cases, seven to 10 days. By meeting with loan officers in advance and identifying mortgage programs, it won’t be necessary to quickly find a lender, check credit, and rush into a financing decision that may not be the best option.

*Being pre-approved may expedite the acceptance of your offer to purchase. Many sellers will not respond to an offer to purchase without a pre-approval letter. In the meantime, they can continue to consider other offers.

*You will be in a much better negotiating position with a pre-approval in hand especially in the case of multiple offers on the same property.

If you would like about pre-approval or would like one of our preferred lender partners to contact you please give us a call or email anytime. We look forward to assisting in your home purchase. While you are working on that pre-approval why not take some time to browse the variety of in the area?

Here are a few of my featured listings:


Smoky Mountain Money Maker
Smoky Mountain money maker did over $26,000 in rental income for both 2010 & 2011. Nestled in a resort like neighborhood this large cabin is filled with amenities & is close to Dollywood.
Type: Single Family Home
Location: Pigeon Forge
Price: $179,900
Get more information >


Award Winning Design & Mountain Views
This home’s commanding presence and awe inspiring setting have contributed to its status as an architectural icon. Award winning design and attention to detail create a distinctive home unlike any other you’ve seen.
Type: Single Family Home
Location: Chalet Village
Price: $899,900
Get more information >


Fantastic Rental Income & Mtn View!
Incredible furnished rental with fantastic Mt LeConte view. Lots of decks w/hot tub to enjoy the view. Bedroom suites with recreation room and kitchenette for entertaining. Lots of room for large groups. Sleeps 18.
Type: Single Family Home
Location: Sevierville,TN
Price: $399,900
Get more information >



One of a Kind Gatlinburg TN Home For Sale

Gatlinburg TN Home For Sal
Gatlinburg TN Home For Sal

A completely refurbished home in 2008 that added an extra 3,000 square feet to the original structure is now available in Gatlinburg, Tennessee.

This one of a kind Gatlinburg TN home for sale was mainly used as a second home, but would be a fantastic income producing vacation home or residence.

Four levels of living and deck space, as well as five bedrooms and bathrooms, will give the future residents of this 4143 total square footage home plenty of room to see the tremendous views of Gatlinburg and the Great Smoky Mountains.

Interior details include a brand new chef’s kitchen, oak flooring, luxury baths, and a spacious recreation room.  Over $100,000 was spent to revamp the exterior details to include additional parking, landscaping and irrigation, and an amazing screened deck.

This unique piece of Gatlinburg TN real estate will not be on the market long.

For more information on this Gatlinburg TN family home or other Smoky Mountain real estate, please contact the local Smoky Mountain real estate agent, Jason White.

Smoky Mountain Unique Animal Attraction

Smoky Mountain Road (Courtesy of pfly on
Smoky Mountain Road (Courtesy of pfly on

A unique and touching Smoky Mountain attraction located just off Highway 411 in Sevier County is the Smoky Mountain Deer Farm and Exotic Petting Zoo. 

In 1985, this Smoky Mountain Unique Attraction was opened by Greg & Lynn Hoisington as a home to animals from around the world. 

Every year this Smoky Mountain animal attraction which is home to 300 animals brings up to 60,000 visitors to the deer farm. The RainForest Adventures and the Australian outback exhibit, which are just down the road from the deer farm, house everything from porcupines to pythons and red kangaroos. 

A fun place to visit for the whole family, this Smoky Mountain unique animal attraction will provide fun pictures and memories for years to come. 

For more information on other unique Smoky Mountain attractions or real estate in the Smoky Mountain region, please contact Jason White, a local Smoky Mountain real estate agent.

Pigeon Forge TN Homes For Sale

Pigeon Forge TN
Pigeon Forge TN

Homes for sale in Pigeon Forge TN are located in an unique location.  This mountain town is surrounded by the Great Smoky Mountains and is in close distance to other towns in Sevier County such as Sevierville, Gatlinburg, and Seymour. 

Homes for sale in Pigeon Forge TN have the luxury of being in an active tourist area, which offers the great advantage of living in a beautiful area year round that some people only get to visit once in their life. 

For more information on homes for sale in Pigeon Forge TN or Pigeon Forge TN real estate, please contact Smoky Mountain real estate agent, Jason White.