Home Town Home Buyers

02/09/2022

At Home Town Home Buyers, we buy properties as-is for cash in Knoxville.

We can even close in as little as two weeks — the seller picks the closing date and we pay all closing costs!

And we’ve helped TONS of people in Knoxville to get a fast and fair offer for their homes.

Primarily, we buy properties that are in a condition where it’s difficult to sell them to traditional buyers on the MLS — outdated properties with a lot of repairs to be done, for instance.

But one of the most common questions often asked is…

“Why do you want to buy a property that’s not in good condition?”

That’s a fair question.

And to answer it, you have to understand our business model.

We buy homes that need some work from sellers who don’t want to hassle with fixing them up themselves. We then fix those properties up to current market standards so that we can either sell them for a profit or rent them for some cash flow.

Of course, there are a lot of risks involved in buying and fixing up properties.

But we’ve been investing in Knoxville for quite some time and we’re confident in our abilities. :)

So.

THAT’S how we’re able to give people a fair price for their off-market properties.

Hope that gives you a little more clarity as to what we do and how we do it!

If you want to see what your cash offer would be, give us a call at 865-830-0955 — we can make you an offer within 48 hours and close in as little as two weeks!

02/04/2022

Having a rental property can be a great way to create passive income, build equity, and invest in your long-term wealth.

But how do you prepare a property to be a rental?

At Home Town Home Buyers, we’ve spent quite a long time investing in real estate in Knoxville... so we thought we’d drop by with some tips.

Here’s what’s recommended for preparing your property to be a rental.

Inspect & Repair — The first thing to be done is to inspect the property for problems and make the necessary repairs. As a landlord, you’ll be largely responsible for the safety of the tenants as it relates to the quality of the home being rented. So don’t skimp on the repairs.

Clean — Obviously, the property must be thoroughly cleaned if it’s going to be rented out. People won’t want to live in a dirty place. So, make it as sparkly clean as possible before it’s time to start showing it.

Notify Insurance — It will be necessary to let the mortgage and insurance companies know what the new use of the property is going to be. It’s also important to get landlord insurance.

Determine Price — How much should the charge per month be for the rental property? You can determine how much it’s fair to charge by looking at demand, market conditions, and other similar properties that are being rented out in the area. Try to charge enough that there’s a little bit of income every month but stay competitive.

Screen Tenants — It’s better to let a property sit unoccupied for a couple of months than it is to have your property destroyed by bad tenants. So take the time necessary to find the right tenants for your property.

Hope that helps!

Oh — and if you want to get a fair cash offer on your property, give us a call at 865-830-0955. We can pay all closing costs and close in as little as two weeks!

02/02/2022

At Home Town Home Buyers, we’re a team of real estate investors that buy and sell homes in Knoxville.

More specifically, we can buy YOUR HOME as-is for a fair cash price.

BUT…

One of the most common questions we get from home sellers like yourself is… “How do I know your offer is actually fair?”

That’s a fair question.

Heck, it’s a question we expect to get.

And so we thought we’d stop by and give you a little more insight into how we calculate our offers for home sellers like yourself. :)

Here’s what we consider…

Cost of Repairs — This is the amount of money we’ll have to put into the home to list it on the market and resell it. More repairs mean a lower offer price might be necessary. Fewer repairs generally mean a higher offer price.

ARV — This stands for After Repair Value. It’s the amount of money the house is expected to sell for after repairing it. This isn’t guesswork, though. Our office runs comps just like a real estate agent would.

Holding Costs — This is the amount it takes to pay for “holding” the property before it sells (interest, property taxes, utilities, etc.) or rents.

Cleaning Costs — This is the amount of money it’ll cost to clean the property. The cleaner the house already is, the less it’ll cost to have it cleaned it!

That’s how it’s done.

If you want to get your fair cash offer, give us a call at 865-830-0955!

12/16/2021

02/11/2021

Is your house no longer meeting your needs. Here is our simple downsizing plan to help Knoxville homeowners when it’s time for them to sell.

02/04/2021

Are you in foreclosure with your Knoxville TN house and wondering “Can I sell my house in foreclosure? This articles walks through your options…

01/31/2021

If you’re searching for “selling my house for cash in Knoxville” and struggling to find a local cash buyer for your house, this article walks you through a local resource…

01/26/2021

How To Sell a House That Needs Repairs in Knoxville

Need to sell a house now but you feel overwhelmed by repairs? Have you run out of time, forced to sell before facing foreclosure and eviction proceedings? Unable to perform the work or afford the expense of completing the repairs your home needs before you list it on the real estate market? There are other options, read on to learn more about how to sell a house that needs repairs in Knoxville.

Sell As-Is
To sell a house that needs repairs in Knoxville, you could market the property “as-is,’ meaning that no repairs will be made. Nor will any credit towards the repairs be met as a contingency of the sale. Naturally, buyers expect a bargain price when they look at homes that need repairs so you must be prepared to take a loss. As most buyers will request an inspection, it would be wise to have your own inspection and appraisal done, so that you will be fully armed with financial facts at the negotiating table, about how much the repairs should subtract from the market value. Regrettably, lenders have standards for homes and require inspections and appraisals, so your pool of buyers is limited. Above all, be honest about everything, disclosure in real estate carries legal risks for you as the seller.

Make the Repairs
Another way to sell a house that needs repairs in Knoxville, in the hopes of selling at the full market is to have your home inspected by a professional, then get an estimate from at least three reliable contractors for the work. In this way, you will have a realistic picture of what you’ll go through what can be highly time-consuming repairs. Because surprises may arise that could add thousands of dollars to the process, you should include a padding for these unknown issues being discovered. Be certain to allow a buffer of 10 percent more than the known work estimate to avoid being caught off guard. You should also allow a buffer of time, when you are making your plans, it is very easy for work crew schedules to get off track, causing delays down the line like dominoes. While there may be an average number of days on the market, there is no way to know ahead of time when or if the property will sell, so be certain you can afford to hold the property as well.

Direct Sale
Sadly, should you attempt to sell the home “as-is,” many buyers are immediately turned away, preferring homes in move-in condition, meaning even more time sitting on the market. After you have gone through the hassle, headaches, and expenses of making repairs, there is no closing date awaiting you at the end of it all. There isn’t even a guarantee the home will sell. The easiest way of all to sell a house that needs repairs in Knoxville is a direct sale. Because professional buyers, like T3 Realty, buy homes in “as-is” condition, you do not even need an inspection. With a fast closing date, usually within a week, and a guaranteed sale, professional buyers like T3 Realty help you solve your problems quickly. By making a direct sale to T3 Realty, you won’t need to worry about insultingly low offers. T3 Realty takes all the risks, letting you forget all about the concerns of disclosures, the headaches of showings, or losing time and money on making repairs.

Are you ready to sell a house that needs repairs in Knoxville right now? We will do all of the work while you are enjoying your earnings! Why not make the wise choice and start working with T3 Realty? Just send us a message or call T3 Realty at (865) 830-0955 today!

01/22/2021

You might be thinking “How do I sell my house without an agent in Knoxville?” Here are some tips you can use to eliminate the need for help from an agent.

01/17/2021

Are you asking “Why won’t my house sell in Knoxville?” There are several factors preventing your TN house from selling. This post will walk through some important tips on selling your house fast…

01/15/2021

What Do I Need To Do To Sell My House In Knoxville TN?

You want to sell your Knoxville house, and you want to get top dollar.

Excellent!

But “What do I need to do to sell my house in Knoxville“?
Here are some tips on how to get your home ready to sell if you’re looking for top dollar that the market will bear:

*NOTE: These instructions are if you’re looking to get full retail value for your house sale. However, if you don’t want to do the things below… or don’t have the time or money to do the things below… you can still sell your Knoxville house fast for a fair value in a win-win sale that’ll save you time and expense.

1) Clean, clean and clean. Even vacant houses get dusty and dirty, so keep it up! Nothing short of gleaming perfection will impress buyers. If you’re not a total clean freak, hire someone who is to help you out until you sell.

If you’re a slob, consider finding somewhere else to live while you show your house. Maybe you can bribe your cleanest friend to trade houses with you? Seriously, keeping everything immaculate really helps buyers feel comfortable in your space. Nothing stops people faster from buying faster than feeling grossed out.

2) Cultivate a cohesive, neutral style. You don’t have to paint everything off-white. In fact, some subtle colors can really help change the perception of spaces – for example, a soft yellow will help brighten up a dark kitchen, while a deep dark blue or green will help a bright bedroom to feel like a calm place to sleep (but be careful, dark colors will also make rooms feel small).

Spend the money to get high-quality paint and professional help. Subconsciously people will pay more money for a property with just the right colors and very neat lines – it makes the home feel better built, even though it’s just paint.

Optical illusions are real, and psychologists study this stuff. Don’t believe me?

Look it up. And don’t neglect the outside and just do the inside, or anything else that’s unbalanced.

3) Fix or replace anything that’s broken. Yeah, it might feel like a waste of money to spend an extra couple hundred bucks on a dishwasher that someone else might just pull out and replace again. But really, quite a few buyers will get a home inspection and use the opportunity to negotiate with you. As the seller, you’ll often end up paying more if you try to hide neglected maintenance from the purchaser – and of course you don’t want to be guilty of fraud.

Make sure you stay in compliance with all the laws.

It’s often a good use of money to hire a home inspector to come through before you put the property on the market. If you ask in advance, they’ll often charge you a tiny rate to come back after you’ve done a bunch of minor repairs and deliver you a clean bill of health. Prospective buyers love to see an independent report on the condition of the house – it makes them feel very comfortable with the purchase.

4) Make only necessary improvements. The biggest mistake people make when getting their house ready to sell is over-improving. They often spend too much money on customized frills that can’t be recovered in the sale.

Paint is about the only safe investment – it’s easy to overspend on almost everything else, and it’s easy to get ripped off by unscrupulous contractors.

It’s important to know what improvements will produce a return on investment to avoid wasting money.

5) Get expert opinions. You should definitely find at least a few decent real estate brokers who will help you price your property, but be honest with them. If you’re going to market the property on your own, don’t make enemies by lying about your intentions. Great brokers are rare, but they make more money for their clients than they earn.

6) Have a really great marketing plan. Again, great brokers earn their value by doing this work and spreading the advertising expenses across many clients. It’s pretty expensive and time-consuming to start from scratch on your own, but if you’re already a marketing expert you’re ahead of the pack.

If you’re not, spend the time listening to what the best brokers do to sell houses in Knoxville – just to educate yourself on the options.

7) Get a cash offer. We buy houses all over the Knoxville area, and we do all the work so you don’t have to deal with any of this stuff.
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Don’t Want To Do The Things Above Yourself? But Still Want To Sell Your Knoxville TN House Fast?
While everyone wants to get as much as they possibly can from their house sale… not everyone can do the things or wants to do the things required to sell it at full retail value to an end buyer.

Doing the repairs, cleaning the property up, upgrading the property, marketing the property… those all take money and can take lots of time.

If you have the funds to do these things... AND you can wait the 3-9 months it takes to sell houses in this market… then you’ll be better off financially to do those things then list it on the MLS (the main property listing service that real estate agents use).

If you don’t have the funds to do these things... AND can’t wait months to sell your house… then you may be a perfect fit for our local Knoxville house buying service. You’ll submit basic info about your house over here on our website, we’ll evaluate your house, we’ll make you a fair all-cash offer on your house, and you can decide if it’s a fit for you.

Then we can close FAST (often times within 7 days) if you need us to.

Take a look at what we’ll pay you not to do anything versus the time, expense and hassle involved with doing it on your own.

So if you’re still asking “what do I need to do to sell my house in Knoxville“… now you have 2 solid options.

Either…

Fix the property up and get it all nice and ready with the steps above to sell it at top dollar
Let us do all of the work and we’ll make you a cash offer on your house in AS-IS condition. This saves you time, money, and gets the hassle off of your hands.
If you need to sell a property near Knoxville, we can help you.

We buy properties like yours from people who need to sell fast.

We’d like to make you a fair offer on your Knoxville house
Give us a call anytime at (865) 830-0955