Ask any locals and you'll find everyone in Knoxville has noticed that people are flocking to the city for the low cost of living and the high quality of life. This has caused companies who promise to sell houses fast to start popping up all over the region. While their promises might be tempting, there are different ways to sell your house fast in Knoxville.
Take a quick look at the market and you'll see why experienced local agents are excited about the city right now.
Knoxville Housing Market Forecast for 2019 — and Beyond
All across Tennessee, there's a tech boom happening This has meant lots of job growth and is resulting in changes in the housing market. The median home value has skyrocketed by nearly 10% to its current state of nearly $175,000.
There's never been a better time to get a piece of the Knoxville housing market.
While there's a lot to be made for enterprising real estate investors, there's also a lot to do on a tight budget. Knoxville is still a place where it's affordable to go out every weekend while still being able to afford a house in Shady Grove or Fox Fire.
While mortgages are still below the national average, that won't last for long. Although the booming tech sector of Nashville is three hours away, it's not all that far to do business. There are plenty of companies who are opening up their branches in the Knoxville area to save on costs and still take advantage of Tennessee tax breaks.
As of now, most houses in Tennessee stay on the market for less than a month, signaling a healthy housing market. While some housing experts anticipate a housing recession in 2020, Knoxville may not be hit too hard. It's already starting off behind other markets, so there's almost nowhere to go but up.
3 Key Factors That Help Knoxville Homes Sell Faster
Selling a house quickly requires a combination of knowing how to when to sell, how to price it, and how to market the home. These are things that an experienced Knoxville real estate agent can help with, but you can do some of the initial work on your own.
1. Know When To Sell
Knowing when to sell requires extensive knowledge about the market. That's where working with Clever Partner Agent can come in handy. They'll offer you a no-obligation consultation and bring with them a competitive market analysis to ensure that you have all the information you need.
While spring is considered the beginning of the real estate season, every city and every neighborhood is different. Only an experienced agent can know where homes sell the quickest.
2. Price Competitively
Choosing the right price is a tricky business. If you price your Knoxville home too low thinking that you might sell quickly, you might find that it does the opposite. A price that's too low might have buyers thinking that there's something wrong with the property.
Pairing up with a full-service, low-commission agent allows you to choose a competitive price without having to compromise on what you feel like you should get for your home.
3. Make It Move-in Ready
If you look at the latest trends in home buying, millennials want different things than earlier generations. They want a home that's less hassle than previous generations who might have been excited about saving money on a fixer-upper. While working long hours to pay off student debt, they're looking for a place that's move-in ready.
Work with a listing agent who knows how to help market to the audience that's buying homes right now.
Beware of “We Buy Houses for Cash” Companies and iBuyers
If you're in a situation where you're looking to get out of your current home and into a new one, you might be tempted by the multiple companies promising to get you out fast. There are more companies than ever offering to buy houses for cash. If it sounds too good to be true, it probably is.
“Houses for Cash” and iBuyers prey on vulnerable sellers who are struggling to sell. If people are divorcing, going through bankruptcy, or divorcing, these companies swoop in to take advantage of that. While some people might be ready to get rid of a vacant or damaged home, that doesn't mean that it's worth as little as these companies offer.
Don't let frustration or desperation drive you into their arms. iBuyers are especially keen on undervaluing your property so that they can convince you to sell it to them for next to nothing. No one can evaluate how much your home is worth over the internet or without an extensive inspection by an experienced and trusted appraiser.
It turns out that some of the Knoxville companies running these businesses aren't even working with licensed realtors.
Benefits of Partnering with a Local, Knoxville Real Estate Agent
When you're looking to sell your house fast in Knoxville, one of the companies who put that promise in their name is going to be appealing. However, these companies often don't even specialize in the Knoxville market. They're going to be looking at what they can get and offer you as little as possible for your home.
Working with a local agent means that you're working with someone who knows the market and how hot it is. They'll go through your neighborhood comparing it to homes like yours to ensure you do as well as other sellers have done.
With jobs coming to Tennessee at twice the rate of the rest of the country, Knoxville is a great place to be selling a home right now. An experienced local agent is going to allow the local culture to thrive and grow by focusing on one home at a time. Where those other companies work on volume, working with a Clever Partner Agent allows you to focus on the quality of your sale and walk away with the best deal for you.
Clever Partner Agents work at just a fraction of what a standard listing agent will charge you. You get everything they offer for a flat rate of $3,000 or just 1% of any listing that sells for more than $350,000. Contact us today to be paired with an agent who can sell your house fast for the highest price possible.