Step Into Your Next Chapter With This Knoxville Home

Step Into Your Next Chapter With This Knoxville Home

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Preparation is the key to a smooth and successful short sale transaction. As with many things in life, proper planning is always the preferred method when approaching a financial transaction. And that is just what a short sale transaction is, a financial transaction involving multiple parties all with different goals or objectives.



You need to do your research and figure out if you want to list your home on the MLS. Some sites offer this service and others do not. Remember that generally only realtors use MLS so if your home is found on this listing it may mean paying the realtor that found it a fee. Additionally, homes sold using MLS can take a little longer. Some people really like MLS and prefer to have their home listed using this service. You need to determine what matters to you and to research this carefully to ensure that you make the correct decision regarding MLS.

Furthermore, the lender sets the price --- it's not like it starts at $1 and goes up. Lenders put a property on the market starting at what's owed on it usually. So, for example, if a Knoxville home for sale owes $50,000 on a property, that's what the starting bid would be.

Instead, our path to wealth has been through buying nice knoxville homes for sale with pool Knoxville home for sale from motivated sellers at below market prices. We sell these houses through lease-to-purchase, or "rent-to-own" contracts at market or slightly above market prices. Our profit is generally $15,000 to $20,000 per house and our marketing time is usually less than two weeks.

Even though you only have knoxville homes for sale by owner to pay down payment you will still need the required earnest money. HUD requires a buyer to submit with the Purchase Contact earnest money of $1,000 if the purchase price is over $50,000 and $500 if the purchase price is under $50,000.

Ask the seller for the "Seller's Disclosure" notice. Some form of such notice is required by state law in most states. If the seller does not have such a notice, ask them to provide you with one. When completed in all candor, these notices generally reveal any latent defects and past repairs to serious problems with the property in addition to other helpful information about the property.

A website is an essential. And the web design behind that site is very important to make sure that it sells not only the houses, but also the services of the real estate company.