Mountain Realty Group

Got Questions? Give Us a Call! We’ve called this beautiful area of East Tennessee our home for many years and there’s not too much about it we don’t know. So if you’ve got questions, we’ve probably got the answers! If we don’t, chances are we know where we can find them! Call us at 865-908-2909 or send an email to info.lovewhereyoulive@gmail.com. Someone from the Mountain Realty team will get back to you as soon as possible. We thank God every day for the blessings He’s given us and this business and we’re also thankful that you took the time to visit our website. We’d love the opportunity to meet you face-to-face and see if we can help you find the right home. We want you to join our other happy clients in saying you truly “love where you live.

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There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has beendefined as an “overwhelming lack of supply,”and even a “straight up inventory crisis.” First American just released the results of asurvey which sheds light on the reasons for the current lack of supply. The survey asked title agents and real estate professionals to identify what they believe are the top reasons for this lack of inventory in their markets. Here are the results of the survey: 47% – existing homeowners are worried that they will not be able to find a home to buy26.5% – first-time buyer demand is absorbing a large share of available homes11.3% – existing homeowners’ mortgage rates are lower than the current rates10.6% – insufficient or negative equity in the home4.6% – foreign buyer demand is absorbing a large share of available homes As the survey revealed, there is a shortage of current homeowners willing...

Millennials are the largest group of home buyers for the fourth consecutive year, according to the National Association of Realtors 2017 Home Buyers and Sellers Generational Trends Report. Nearly 40% of home buyers were under 36 years old. So what’s driving the change in millennial home ownership? Forty-nine percent of millennial buyers had at least one child, also according to the report. That is up six percentage points from two years ago. Also, while millennials are not racing down the aisle, they are purchasing homes with their partners. Though marriage rates declined, the number of U.S. adults in cohabiting relationships reached nearly 18 million last year, up 29% since 2007. About half of those cohabiters (those living with an unmarried partner) are younger than 35. But most importantly, in a joint Real Estate Investment Survey with Harris Interactive, RealtyShares found that 55% of millennials are enthusiastic about home ownership as an inves...

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or more?” Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year). The chart below shows the full results: The article points out several reasons for these results: “After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May, according to CoreLogic. Toss in persiste...

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank. Every month in their Home Price Perception Index (HPPI), Quicken Loansmeasures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth, as compared to an appraiser’s evaluation of that same home. Bill Banfield, VP of Capital Markets at Quicken Loans urges anyone looking to buy or sell in today’s market to remember the impact of this challenge:  “While a 1 or 2 percent differ...

Short Term Rentals: What Hosts and Guests Need to Know Websites like Airbnb, Bookings.com and Homeaway have made it easier than ever to rent out your home or apartment to guests. For travelers, these websites make booking a stay easy and offer competitive rates. There are some important legal considerations for both the hosts and guests who use these websites. These include local regulations, liability insurance coverage and protecting yourself from scams. The following tips will help you avoid common problems and make informed decisions.  If you have any legal questions contact your LegalShield provider law firm. 8 Legal Tips for Summer Travel Important legal questions are often forgotten during the frenzy of summer travel. Whether you are driving, flying or taking a cruise, it is important to be prepared. These tips will help you be ready for the unexpected.  Call your LegalShield provider la...

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DO YOU LIKE "ROLLER COASTERS"? The career of a Realtor can sometimes be described as a "roller coaster". Anticipation of having a client, then working with your client diligently, then don't find the "just right" place. OR anticipation of having a client, then working diligently with them & HOORAY we find the  "just right" place, then financing falls through. OR anticipation of having a client, then working  diligently with them, HOORAY find the "just right" place, waiting the 45 days for the  paycheck on closing day and all is GREAT!!!  Ups and downs of our industry are mind  boggling. Commission based careers are tough. Emotions are high & low. Always have to have  your sights on the master for guidance, so that the lows don't do you in or the highs give  you the expectation for every day to be the same high! Balance, how do we find that on a  Roller Coaster?  My first and only roller coaster ride happened ...

The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the availability of mortgage credit each month with theirMortgage Credit Availability Index (MCAI). According to theMBA, the MCAI is: “A summary measure which indicates the availability of mortgage credit at a point in time.” The higher the index, the easier it is to get a mortgage. Here is a chart showing the MCAI over the last several months as rates have increased. Have requirements for attaining a mortgage actually eased? Yes. Here are two examples: FICO® Score – the credit score which helps determine a buyer’s eligibility. The score required to attain a mortgage has been falling over the ...

Tip #1: Wash Your House’s Face Before you scrape any paint or plant more azaleas, wash the dirt, mildew, and general grunge off the outside of your house. REALTORS® say washing a house can add $10,000 to $15,000 to the sale prices of some houses.  A bucket of soapy water and a long-handled, soft-bristled brush can remove the dust and dirt that have splashed onto your wood, vinyl, metal, stucco, brick, and fiber cement siding. Power washers (rental: $75 per day) can reveal the true color of your flagstone walkways. Wash your windows inside and out, swipe cobwebs from eaves, and hose down downspouts. Don’t forget your garage door, which was once bright white. If you can’t spray off the dirt, scrub it off with a solution of 1/2 cup trisodium phosphate — TSP, available at grocery stores, hardware stores, and home improvement centers — dissolved in 1 gallon of water.  You and a friend can make your house sparkle in a few we...

  Congrats to Wendy Booth was awarded once again Realtor of the month.. Show you appreciation.. www.mountainrealtygroup.com