Earnest money. The earnest money requirements are $1,000 if the list price of the HUD home listing is over $50,000 and $500 if the list price is under $50,000. It has to be in the form of a cashier check, official bank check, or money order. The return of the earnest money is not automatic if you decide you don't want the HUD home listing.
Purchasing a Knoxville home for sale involves more than just coming up with enough money for down payment. You also do not just buy a house that seems or looks good for you. When viewing homes for sale there are a few things you need to carefully consider before making the actual purchase.
I purchased three houses in Charlotte, South Carolina. I then purchased a condo in knoxville homes for sale with pool Tennessee. Finally, I purchased a condo in Gautier, Mississippi. The reason that I bought this last property was because it is located in the post Katrina area, in an area designated by the government as the "Go Zone". When you purchase a property in this zone you are given additional tax breaks and incentives. It appeared that I was finally on my way to financial successes. I had built up Knoxville home for sale an inventory of nine income properties.
This does not mean you make a folksy presentation. Definitely do not use amateurish photos or cutesy descriptions. Often a knoxville homes for sale by owner broker takes care of the details. But with a flooded market, you may not get the attention you need to sell your property fast. If you are taking on some of the marketing yourself, make sure the photos you post look professional. If you are not a good photographer, find someone who is. If you cannot write a decent sentence, someone you know can.
Surveys show more than 90% of all homes sold were listed on the MLS. But in addition to the MLS, most Flat Fee MLS listing packages give your property exposure on the Broker MLS Internet Data Exchange (IDX) websites. Your home appears on all of the real estate brokerage websites that display property listing information through the MLS IDX. That's a tremendous amount of exposure for your property. Millions of home buying customers around the world now have access to your property's information through the country's most comprehensive real estate listing databases.
If you would prefer not to spend a lot of your valuable time calling banks and different government agencies, there are services out there that will do this work for you for a nominal fee. They will put together a monthly list for you of all foreclosed upon homes in your area. A lot of them also offer a money back guarantee if you change your mind or don't think they will find what you are in the market for. Talking with your local real estate agent that specializes in these types of services could help you also. Getting in touch with the right people could also get you information on private auctions.