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Articles about Home Buying Tips

Home Buying Tips
Home Buying Tips

Below you will find all of our articles with Home Buying Tips.

Feel free to browse through our posts, or give us a call if you have specific questions.

Call Libby at (925) 628-2436

You may also like Articles for Home Buyers

Finding a New Home for Your Next Stage of Life

May 17, 2021 By Libby Guthrie Leave a Comment

Finding a New Home for Your Next Stage of Life

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. 🙄 Not pretty, right? For most of us, our housing needs are cyclical.1 A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, […]

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Filed Under: Home Buyers Tagged With: California Real Estate, Home Buying Tips, Homeowner Tips, Moving Tips, Older Adults

Tips for Buying a Home Even When Your Credit Profile Isn’t Ideal

March 23, 2021 By Guest Leave a Comment

Tips for Buying a Home Even When Your Credit Profile Isn’t Ideal

Guest Post by Bob Shannon Photo from Pixabay When making large purchases that require a loan, building a good credit score is critical. Despite your best efforts, you may find that your credit profile isn’t ideal when it comes time to purchase a house. Many people find themselves in this situation, but there are things […]

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Filed Under: Financing Tagged With: Credit, Credit Score, Home Buyer Tips, Home Buying Tips

Should You Move Up or Buy a Second Home?

September 15, 2020 By Libby Guthrie Leave a Comment

Should You Move Up or Buy a Second Home?

Which Move Is Right For You? The pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home. According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing […]

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Filed Under: Homeowners Tagged With: Home Buyer Tips, Home Buying Tips, Homeowner Tips

Top 10 Myths that Trip up First-Time Home Buyers

Thank you for requesting your free report “Top 10 Myths that Trip up First-Time Home Buyers“. (Click or tap on the link or image to open in your browser, or right-click and “Save link as…” to save to your desktop.               Follow Us on Facebook | Follow Us on […]

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How to Avoid the Top 8 Home Inspection Mistakes

October 15, 2019 By Libby Guthrie Leave a Comment

It’s easy to get swept up in the excitement of buying a home. Once you’ve had an offer accepted on your dream house, you’ll probably be anxious to move in. However, before you make a significant financial commitment, it’s best to know exactly what you’re buying. When you hire a home inspector, you get a […]

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Filed Under: Home Buyers Tagged With: First-Time Home Buyers, Home Buyer Tips, Home Buying Tips

What a Half Million Dollar House in Hayward CA Looks Like 🤯

August 21, 2018 By Libby Guthrie Leave a Comment

What kind of house will $500,000 buy in Hayward, CA compared to Brentwood, CA? Welcome to our second article comparing housing prices in the San Francisco Bay Area to East Contra Costa County. And just FYI, even though we are on the edge of what you might think is the Bay Area, we still consider […]

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Filed Under: Real Estate Tagged With: Brentwood CA, Hayward CA, Home Buying Tips

Frequently Asked Questions of Home Buyers

Frequently Asked Questions of Home Buyers What is the Difference Between Getting Pre-Qualified and Getting Pre-Approved for a Mortgage Loan? Mortgage Loans: Pre-Qualified vs Pre-Approved One of the first steps in purchasing a home is getting either pre-approved or pre-qualified for a mortgage. Unless of course, you’re buying with all cash. 😉 It’s very easy […]

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guthriegrouphomes

Libby Guthrie, Realtor
@ Keller Williams 865-966-5005
🏡 Helping You Make the Move to Knoxville
📱 Cell: 865-364-0200
🏡 Good People, Great Homes!

Most People Compare the Wrong Two Numbers 🤔⁣ ⁣ Mos Most People Compare the Wrong Two Numbers 🤔⁣
⁣
Most owners weighing "sell it or rent it out" start with two numbers: what the house would sell for, and what it would rent for.⁣
⁣
Those two numbers don't answer the question.⁣
⁣
What matters is what each path nets you over the years you'd actually hold it. On the sell side, that's the proceeds after commission, closing costs, and whatever it takes to get the deal done — and then what that equity goes on to do next. ⁣
⁣
On the rent side, it's the mortgage plus property taxes, insurance, a maintenance reserve, a vacancy allowance, and management fees if you won't be handling it yourself.⁣
⁣
And a rental pays you in three ways that arrive at different speeds: monthly cash flow, the principal your tenant is quietly paying down, and appreciation over time. ⁣
⁣
A house that barely breaks even each month can still be a strong hold. One that cash-flows can still be the wrong call if you need that equity for the next place.⁣
⁣
Run it with real local numbers for your specific house. Rent, taxes, and appreciation vary enough from one neighborhood to the next to flip the answer.⁣
⁣
Link in bio⁣
⁣
Libby Guthrie, REALTOR® 🏡 | Cell: 865-364-0200 | GGHKnoxville.com ⁣
Keller Williams 865-966-5005 | Libby@GuthrieGroupHomes.com⁣
Knoxville, Tennessee⁣
⁣
#GoVols⁣
⁣
#SellOrRent #RealEstateTips #HomeEquity #MovingSoon
5 Things That Change the Day You Become a Landlord 5 Things That Change the Day You Become a Landlord 

Keeping your old house and renting it out sounds simple. It's manageable — but five things change the day a tenant moves in, and every one of them is easier to handle before than after.

🏦 Your lender — most primary-residence mortgages require you to move in and live there for a set period first. Confirm where you stand before you plan around it.

🛡️ Your insurance — a standard homeowner's policy doesn't cover a home rented out long-term, and a landlord policy generally runs about 25% more.
📋 Your HOA — rental caps, minimum lease terms, and approval processes are the reason some owners can't take this path at all.

🔑 Your tenant — screening, a proper lease, security deposit rules, and your state's and city's landlord-tenant law. This is the part that goes wrong when it's rushed.

⏰ Your time — a few hours a month in a quiet stretch, and whole days when something breaks or someone moves out. The 2 a.m. water heater call is real.

Nothing on that list is a reason not to do it. All of it is a reason to do it on purpose.

Link in bio

https://gghknoxville.com/keep-it-or-cash-out-selling-vs-renting-your-knoxville-home/

Libby Guthrie, REALTOR® 🏡 | Cell: 865-364-0200 | GGHKnoxville.com 
Keller Williams 865-966-5005 | Libby@GuthrieGroupHomes.com
Knoxville, Tennessee

#SellOrRent #Landlord #RealEstateTips #HomeOwnership
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