Logo of the Federal Housing Administration.
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If you have ever had any aspirations to own your own home, NOW is the time. Economic factors have all came together to create the proverbial “perfect storm” in the home buying market.

  1. First, the nation’s financial crisis has driven mortgage interest rates to their lowest levels ever; currently you get fixed rates below 5% all over Knoxville.
  2. A glut of houses has increased inventories of both new and resale homes providing a huge selection to choose from. Currently just in Knox County there are almost 2,000 homes for sale priced under $200,000
  3. The federal government, in an effort to stimulate the economy is providing up to $8,000 as a fully refundable tax credit to encourage you to buy a home.
  4. The State of Tennessee‘s “Tennessee Housing Development Authority” (THDA for short) has a no interest loan program to give you up front to use for a down payment, up to 3 1/2% of the purchase price of your new home which coincidentally happens to be the minimum down payment required for FHA (Federal Housing Authority) financing. So you can borrow your 3 1/2 % down payment at 0% interest and repay it from your $8,000 tax credit.
  5. Because of the number of houses for sale I’m usually able to negotiate with a seller to pay most or all of your closing costs to get you into a new home with no cash out of your pocket.

This informative local news story tells how the Knoxville area housing market is starting to heat up.

Here’s a few examples of what is on the market today. And like the story above says, they’re starting to move so now would be a great time to get in the home buying game or at least give me a call to find out what you can do.

This beautiful, 3 bedroom, 2 bath, 2 car garage home in north Knoxville is currently listed at $159,900.

This beautiful, 3 bedroom, 2 bath, 2 car garage home in north Knoxville is currently listed at $159,900.

And yes, you can still find houses in west Knoxville for under $200,000. Here’s just a couple

Nice looking one level home in Farragut and on the market with 3 bedrooms and two baths for only $154,900.

Nice looking one level home in Farragut and on the market with 3 bedrooms and two baths for only $154,900.

This west Knoxville home is 'move in' ready and offers 3 bedrooms and 2 baths for just $154,900.

This west Knoxville home is 'move in' ready and offers 3 bedrooms and 2 baths for just $154,900.

This charming home, complete with red door, is located in Fountain City and can be yours for only $124,900.

This charming home, complete with red door, is located in Fountain City and can be yours for only $124,900.

So there you have it; world class interest rates, lots of credits and homes to choose from, time to get moving.

My number is (865) 693-3232, answered 24 hours a day (just not always me. ;-)) and my my email is [email protected]. Let’s get started today and have you in a new home with payments probably less than what you may be paying now for rent.

www.KnoxvilleHomeCenter.com is where you can see all of the greater Knoxville area’s homes for sale. Pick out a few and lets go look at them soon.

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