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Real Estate & More Blog

Thursday, August 11, 2022   /   by Margie Wright

Understanding Home Appraisals

A home appraisal is a big part of the buying process. You've made an offer, it's been accepted, and now the home appraisal is upon you. Depending on what the appraisal comes back with, that could trip you up and potentially impact your ability to close. The best way to tackle this final leg of the buying process is knowing what you're up against and having your real estate agent in your corner the entire way.

What is a Home Appraisal?
To understand what a home appraisal is, there are two amounts you want to be familiar with: the home's price and the home's value. The price is how much you're willing to pay. The value is what the home is actually worth. These two different amounts don't always line up since a buyer will sometimes pay more or less than a house is worth. It's likely a buyer will pay more during a bidding war, or when it's a seller's market and it's not uncommon for a house to sell above the listing price. 
In the case of a bidding war, you increase your off! ...

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  homes, tips, homebuyers, buyers, first time buyer, financing

Thursday, August 4, 2022   /   by Margie Wright

Selling During Back to School

School is starting to roll into being back in session! In some places, school has already started back up. Kids of all ages are gathering materials, packing their backpacks, and getting ready to see their friends again. During this season though, we're also seeing the real estate market starting to change. Houses are staying on the market longer, prices are being reduced, and slowly it looks to be changing to a better market for buyers. If you listed your home during the summer or are just now listing it, it can be hard to navigate selling your house and back to school time with kids. As if selling wasn't difficult enough already... but don't fret too much! I've got a survival guide to help you with the process.

1. Create a Blank Slate
Personalizing a house is what turns a house into a home. You likely remember when you bought your house... the blank walls and rooms filled to the brim with possibilities of decoration. If you remember that feeling, then you know what it looks like. . ...

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  homes, homeowners, tips, home sellers, sellers

Thursday, July 28, 2022   /   by Margie Wright

To Customize or Not to Customize - That is the question!

Whether you're building your home from the ground up or just looking at remodeling and redecorating your current home, you have the option of going for ready-made options or tailor-made options. You can even do a combination of both or have semicustom pieces. Whatever you choose, it's important to weigh the pros and cons of custom versus non-custom pieces. Don't forget to ask the professionals you're working with for their honest opinions as well! 

The Pros of Custom
1. Custom-made items can elevate and personalize your space
With the freedom to design and build custom items, spaces can be truly tailored to your specific needs and preferences. It adds a layer of empowerment to your space by making it feel more personal, special, and truly unique. They can also make the spaces more dynamic. Something as simple as a custom headboard in your bedroom can make the room overall feel higher-end and more like a fancy hotel. Built-in cabinets are another popular option as you can get ! ...

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  homes, homeowners, tips, design, decoration, interior design, renovation

Thursday, July 21, 2022   /   by Margie Wright

Should You Rent or Buy?

Deciding whether to rent or to buy is a big deal. It's not something to be decided super quickly as each option has different processes and pros and cons. Though, it's important to see how buying a home is a lot more beneficial in the long run. Of course, what you decide and when is all up to the various factors in your life and the world around you. But if you're trying to decide between renting or buying, it's important to see how buying can benefit you!
When you rent...
You face rising rental costs. Your monthly payment generally goes up each time you sign or renew a lease. You may start out with a certain monthly price and have it for a while, but then all of a sudden, the price has increased. Nothing else has changed about where you're living while renting. Simply, the price rises and you can be caught in a situation where you can't easily afford it anymore.
Further, you don't earn any financial benefits from renting. Because of rising rent costs, that puts a pinch on your wall. ...

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  homes, tips, homebuyers, buyers, first time buyer, financing

Thursday, July 14, 2022   /   by Margie Wright

All About Down Payments

One of the big key terms that you'll hear when starting the home buying process is "down payment." And for good reason. A down payment on your home is one of the biggest things you need to budget for. You may have heard that you need a 20% down payment, but that's not entirely the case. There are benefits to a 20% down payment, but it's not the only option which means that home ownership is actually a lot closer to being attainable than you think. Plus, with the addition of down payment programs, it's even more attainable! With the down payment being what causes most people to wait or skip on buying a home, there are options out there to help change that.

Saving Up
If you're going the route of saving up on your own, start saving up immediately. Depending on how much you plan on putting down, it could take several years to have that money saved up. Of course, this depends on many factors. How much you earn, whether you're buying with a partner or solo, and whether you already h! ...

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  homes, homeowners, tips, homebuyers, buyers, financing

Hurst Real Estate and Auction - Margie Wright Property Marketing Group
Margie Wright
221 East Main Street, Suite 103
Morristown, TN 37814
423-312-9220
423-353-1112

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