ServicesBuying, Selling, or Relocation.
Have questions? Call Pam to schedule a consultation (865) 607-0318
Why engage a buyers agent?
A buyers agent starts by finding out everything about your family and your needs for a home. There may be things you never even thought of.
Buyers agents don’t cost a thing, so give Pam a call before starting your search.
9 Steps to help you acquire a wonderful new home
The U.S. Department of Housing and Urban Development (HUD) lists nine steps that will help you acquire a wonderful new home.
FIGURE OUT HOW MUCH YOU CAN AFFORD
The rule of many lenders is that your total debt divided by your total income cannot exceed 36%. A conservative estimate for housing is that your housing payment divided by your total income should not exceed 28% or 33% for an aggressive estimate. Do not forget to factor in private mortgage insurance, property taxes and other savings requirements that may be necessary to achieve your goals.
KNOW YOUR RIGHTS
The Department of Housing and Urban Development prohibits discrimination and intimidation of people in their homes. Principles of freedom and opportunity ensure that all housing is Fair Housing. Beginning, October, 2015, new single family residential mortgage rules came into effect when closing on a home. Written and instituted by the Consumer Financial Protection Bureau (CFPB), The Know Before You Owe mortgage disclosure rule replaces four disclosure forms with two new ones, the Loan Estimate and the Closing Disclosure. The new forms are easier to understand and easier to use. The rule also requires that you get three business days to review your Closing Disclosure and ask questions before you close on a mortgage. Choose your lender carefully. Click on this link for important information from the CFPB regarding your home mortgage and the lending process, http://www.consumerfinance.gov/owning-a-home/.
SHOP FOR A LOAN
You can save money by comparing costs and interest rates. Talk to several lenders in order to get a better deal. The pre-approval process can also speed up the process allowing you to move in to your new home faster.
CHECK YOUR CREDIT SCORES
Credit reports are maintained by http://www.experian.com/,http://www.equifax.com/home/en_us and http://www.transunion.com/. Borrowing for your home can go much smoother if you correct any errors in your credit report before applying.
LEARN ABOUT HOMEBUYING PROGRAMS
FHA loan programs offer lower downpayments and may be a good option for first-time homebuyers.
SHOP FOR A HOUSE
Choose a real estate agent. Pam Owen can comprise a list of homes that fit your criteria in the locations where you want to live. With Pam’s experience and eye for design, she can help find the perfect home and features that exceed your expectations. Whether you are looking for the perfect starter home, a larger home for your growing family or the mansion of your dreams, Pam knows what is available and will be happy to assist with your home shopping needs.
MAKE AN OFFER
This is where you really need the help of a realtor. The negotiation process can be difficult at times. Many offers are not accepted the first time. The seller may come back with a counter offer. Pam can make this process easy. Negotiation processes are mentally draining, but Pam will handle all of those annoying details to get you in your home.
GET A HOME INSPECTION
Buying a home is one of the most important purchases and investments you will make. A qualified home inspector evaluates the physical condition of the property, identifying items that should be repaired or replaced and estimates the remaining useful life of plumbing, electrical, heating, air conditioning, equipment and structures. This will help keep you from those major repair surprises.
SHOP FOR HOMEOWNERS INSURANCE AND COMPARE SEVERAL PROVIDERS
Some providers offer discounts for bundling your insurance needs. For example, compare quotes for purchasing auto, home and life from the same company. Determine the appropriate deductible A higher deductible usually results in lower premiums Some home safety features such as dead bolt locks and alarm systems may reduce premiums Insure your home, not the land. After a fire, the land will still be there. Make sure you purchase enough coverage to replace what needs to be replacedStay with the same insurer. Some companies give discounts if you stay with them for 3-5 years. Review your policy and limits once a year. Don’t forget to include insurance costs in your budget when determining the price of the home you can afford.
Pam Owen has experience handling closings and thoroughly understands the process. Pam will help you through the process getting you in your home in a more efficient manner.
Need Help Finding a Home?
Working in Your Best Interest
A seller’s agent does more than just list your property. From beginning to end Pam has your best interests in mind. You’ll get the best price for your property and avoid unforeseen negotiation issues.
SELLING YOUR HOME
As a professional realtor, I know the market. There are many factors that help determine what your home is worth. You need someone who is in touch with the changing market conditions. Here are some services I can provide:
- Help determine the value of your home
- Set a realistic asking price
- Coordinate scheduled showings of your home
- Host open houses
- Advise on repairs and upgrades that will maximize your selling price
- Help create that inviting atmosphere that makes buyers want your home
- Act as a liasion between you and other agents and buyers
- Help with the legal details like contracts and disclosures
- Guide you through the closing process
- Help you find the perfect home for your needs
The most valuable
asset many people
own is their home.
Relocating? Moving to a new area can be exciting and stressful. There is so much to consider… schools, work commute, type of home, neighborhood, acreage, amenities, shopping, medical and… oh my, resale.
You want an agent who listens and who can morph herself into your needs and wants to find the most perfect home for you. Pam’s experience is one thing but as important are her professionalism, patience and tenacity in working for you. From ‘the search’ to ‘the closing’, Pam’s ability to navigate that process gives you time to focus on all the other parts of the move.
Did you know
- Knoxville is easy to get to, with I-40, I-75 and I-81 all intersecting right here.
- Knoxville has a wide variety of neighborhoods: Historic homes, urban centers, suburbs, even lake and mountain properties.
- Knoxville is great for retirees. It’s got one of the fast growing retiree populations in the US. Low cost of living, mild climate and tons of recreational actives make it an attractive place to move.
- Knoxville is great for business and technology. We’ve got one of the country’s 5 national labs just north in Oak Ridge, The University of Tennessee and seventeen more colleges.