As an example related to the above, let's say the house was bought for $200,000 and sold for $300,000, and it took 5 years for this transaction. To actually buy the house, the legal fees, land transfer taxes, mortgage contract and real estate fees amounted to $1000, $3000, $500 and $5000 respectively. The total set up costs would be $9500 so far, which would be subtracted from the money you made, because it actually costs you $200,000 PLUS $9500 to physically buy the house.
Due to growth in the number of licensed brokers and Knoxville home for sale production, this firm decided to join the mega franchise Century 21. They recently built a brand new office building to house their 44 agents and now enjoy one of the most attractive real estate offices in the area.
If the brokerage you deal with offers assistance with the sales transaction knoxville homes for sale with pool a fee that can be worth it. Selling can be tedious and making sure you cross your t's and dot your i's is essential.
You should also be sure to ask for an option, during which you can cancel the contract without fault. The contract form should contain a clause for this purpose, and you can usually get a ten day option (to allow you plenty of time to order and get an inspection) knoxville homes for sale by owner $50 to $100-and make sure to get an inspection. If anything comes up, you can usually negotiate further reductions or repairs during the option period. Remember, the inspection and renegotiation must take place before the option period expires. By the way, you should also stipulate that the option money applies toward your closing costs in your offer. Everything is negotiable.
A lot of times, I will use a LOI when I am trying to purchase an investment property for much less than the Seller is listing the property. I may also use a LOI if I am unfamiliar with the property and the area. I like to use a LOI in these cases to start the negotiating process while I do some due diligence work during the process.
I believe you will do well by Knoxville home for sale choosing The Neil Co. Century 21 Real Estate. It's a great company with great management, good history, and professional brokers.