Your dream home has got the big front yard where a dog can run around, the master suite that has a huge walk-in shower, and an open floorplan wide enough for everyone’s hopes and dreams.
This might seem out of budget, but the right real estate agent can help. Here’s what you should know about choosing the best option.
Find a Real Estate Agent
Most home-buyers head straight to the internet to find their dream home. Very few contact a real estate agent first, 14% to be exact. This is a big mistake. Real estate agents often know more about the market, can negotiate with sellers, and land you a deal far better than the one you can find on your own. When they know your style and budget, they will notify you first when something perfect for you is about to hit the market. Once you’ve found your Knoxville real estate agents, ask them about number 2.
USDA Home Loans
If you are looking for a home in a rural area, USDA home loans are a perfect way to afford your dream home. Down payment, who? Not you!
This loan doesn’t require you to put 20, 10, not even a 5% down payment. Your credit also doesn’t have to be perfect when you apply. A USDA home loan is a federal loan that most people qualify for. Just call up your realtor and ask them if the house (or land) you’re considering qualifies as “rural,”
Buy a Fixer-Upper
The great thing about a fixer-upper is if you buy in the right location, you can use the USDA Home Loan to buy it (most likely for very cheap) and then use the rest to make the home of your dream.
And no, Chip and Joanna Gaines are not going to do the work for you — any realtor in Knoxville will tell you that — but how amazing will it feel to build the exact home of your dreams? You get to redesign a space into the perfect home for you and your family.
If you’re considering a fixer-upper, definitely take an experienced realtor along to help you make a knowledgeable decision about the buy. Typically, they can easily spot things you might miss: the age of a roof, bad foundation, or even termites. Obviously, you will have to invest in a home inspector when you’re ready, but it’s better to discover the big problems before you’ve spent the big bucks (and gotten too attached to the home).
Buying a home you love doesn’t mean you have to sell your soul. Just call in a professional, explore your options, and if you’re up for it, roll up your sleeves and get to work! When you’re ready to take the next step, rely on 865 Tristar today.