If you're able to pay cash, you might expect a 3% - 5% discount off of the list price, especially on newer listings. Maybe more on homes sitting on the market for awhile. It really depends on the seller's motivation and needs but that's a guideline.
I'm very interested in moving to Northeast Tennessee, but I don't know where exactly. I'm considering the Knoxville area, and also the Johnson City area. Recently, I have been watching videos of Jonesborough. I hope to come down and spend time looking around. I was thinking of renting for 6 months and exploring the region. Seeing what activities I could get involved in and where I might make friends. In short, where I would be happy to live. One thing I really would like to have is natural gas. I have to find out where that is available. I don't want an electric stove, or a propane tank. I would also prefer a sewer system to a septic tank too. And I need good internet. Is broadcast TV available, or only cable? Many considerations. Thanks for your great videos.
As long as you are in the city limits, you should be good on the sewer & internet. Broadcast TV is available. There are ABC, NBC, and CBS stations in the tri-cities. Natural gas isn't as simple, as it is spread out in different areas, but it is indeed available. Thanks for the kind words.
That market is just as tight as the housing market. I've heard that apartment prices had been increasing,, but compared to a lot of other cities I've looked at, our rent is pretty reasonable.
Very informative video! I had a question for you, I looked up what the mortgage interest rates are predicted at for 2025 (the year I plan to move to NE Tennessee) and they are predicting interest rates to be at 15%!!!!!!! As a realtor, have you heard this, as well, because if it is true moving to NE Tennessee will be out of the question for me, financially. I am deeply saddened by this information and would truly appreciate your input on this regarding whether or not you think that the predicted interest rates are correct. Thank you so much!!
I can't imagine a realistic scenario where rates would be anywhere near that high. The last time 30-year mortgage rates were that high, the Federal Reserve rates were in the high teens also. As long as a slight recession happens this coming year or two, there's no way the feds would raise rates anywhere near that in that range. Everyone is kind of expecting no higher than 5.75% this year, probably lower. Take a look at this article by Forbes - www.forbes.com/advisor/mortgages/mortgage-interest-rates-forecast/
I’m curious how things are now compared to when this was made in January?
Great information! Thank you!
Glad it was helpful!
Very helpful information, thank you.
Looking to move 🎉 possibly to tn
What if any advantage do mortgage-free homeowners have wanting to purchase a different home at this time in the marketplace?
If you're able to pay cash, you might expect a 3% - 5% discount off of the list price, especially on newer listings. Maybe more on homes sitting on the market for awhile. It really depends on the seller's motivation and needs but that's a guideline.
I'm very interested in moving to Northeast Tennessee, but I don't know where exactly. I'm considering the Knoxville area, and also the Johnson City area. Recently, I have been watching videos of Jonesborough. I hope to come down and spend time looking around. I was thinking of renting for 6 months and exploring the region. Seeing what activities I could get involved in and where I might make friends. In short, where I would be happy to live.
One thing I really would like to have is natural gas. I have to find out where that is available. I don't want an electric stove, or a propane tank. I would also prefer a sewer system to a septic tank too. And I need good internet. Is broadcast TV available, or only cable? Many considerations.
Thanks for your great videos.
As long as you are in the city limits, you should be good on the sewer & internet. Broadcast TV is available. There are ABC, NBC, and CBS stations in the tri-cities. Natural gas isn't as simple, as it is spread out in different areas, but it is indeed available. Thanks for the kind words.
How about rentals, apartments, cottages?
That market is just as tight as the housing market. I've heard that apartment prices had been increasing,, but compared to a lot of other cities I've looked at, our rent is pretty reasonable.
@@TNVAHomeTeam thank you
Very informative video! I had a question for you, I looked up what the mortgage interest rates are predicted at for 2025 (the year I plan to move to NE Tennessee) and they are predicting interest rates to be at 15%!!!!!!! As a realtor, have you heard this, as well, because if it is true moving to NE Tennessee will be out of the question for me, financially. I am deeply saddened by this information and would truly appreciate your input on this regarding whether or not you think that the predicted interest rates are correct. Thank you so much!!
I can't imagine a realistic scenario where rates would be anywhere near that high. The last time 30-year mortgage rates were that high, the Federal Reserve rates were in the high teens also. As long as a slight recession happens this coming year or two, there's no way the feds would raise rates anywhere near that in that range. Everyone is kind of expecting no higher than 5.75% this year, probably lower. Take a look at this article by Forbes - www.forbes.com/advisor/mortgages/mortgage-interest-rates-forecast/
Selling my homes in the north and buying in Tennessee within the next 2 or 3 years.
I subscribed, I like the Bristol area and want to move there soon.
Guarantee once everyone sees how police are policing TN going fall in 3rd world prices and actions
Y’all’s home and land prices are frigging highway robbery.!