CherokeeLakeRealty https://validator.w3.org/feed/docs/rss2.html Home LAST MONTH YOU ANSWERED A QUESTION AS TO WHAT PROBLEMS AND DEFECTS MUST BE REVEALED TO A BUYER WHEN SELLING A PROPERTY. THERE IS A PLANNED CAMPGROUND GOING UP DOWN THE ROAD, AND THERE IS A ROCK QUARRY CLOSE BY, WHERE OCCASIONALLY, THEY USE EXPLOSIVES AS THEY BREAK UP THE ROCKS. MUST THIS INFORMATION BE DISCLOSED? IS AN UNRESTRICTED PIECE OF PROPERTY WORTH MORE THAN A PROPERTY THAT HAS COVENANTS? THE FOLKS THAT ARE BUYING OUR HOUSE WANT TO MOVE INTO THE HOUSE BEFORE CLOSING. OUR AGENT DOESN’T SEE ANYTHING WRONG WITH THAT, WHAT ARE YOUR THOUGHTS? SHOULD WE FIRST SELL OUR CURRENT HOME BEFORE PURCHASING OUR NEW ONE OR SHOULD WE BUY THE NEW HOME FIRST AND THEN SELL OURS? PREVIOUSLY YOU ANSWERED A QUESTION ON WHAT NEEDS TO BE DISCLOSED TO A POTENTIAL BUYER. WE HAVE A “PROBLEM” NEIGHBOR. FREQUENT NOISY WEEKEND PARTIES WITH LOTS OF GUESTS, PARKING ISSUES, AND EVEN SOME FIGHTS WITH OTHER NEIGHBORS. THE POLICE HAS ACTUALLY BEEN CALLED SEVERAL TIMES. DO WE HAVE TO DISCLOSE THIS SITUATION? OUR HOME HAS BEEN ON THE MARKET FOR SEVERAL MONTHS AND IT HAS NOT SOLD. SHOULD WE REDUCE THE PRICE? WE’VE BEEN RENTING AND ARE THINKING OF BUYING OUR FIRST HOME. WE CAN’T AGREE ON WHAT’S MOST IMPORTANT. DO YOU HAVE ANY SUGGESTIONS? WE WERE HOPING THAT THE FED WOULD CUT INTEREST RATES. SHOULD WE WAIT FOR THE FED TO REDUCE RATES OR MOVE FORWARD ON PURCHASINGA HOME? WE WANT TO PURCHASE LAND WITH VIEWS OF CHEROKEE LAKE AND HAVE SEEN THAT PRICES VARY. WHAT DETERMINES PRICING? I’M LOOKING AT PURCHASING A HOME AND EITHER RENTING IT OUT, OR DOING OWNER FINANCING, AS AN INVESTMENT. WHICH DO YOU RECOMMEND? WE SOLD OUR HOME WITHOUT HIRING A REAL ESTATE AGENT. THE BUYERS ARE GETTING A LOAN, AND THEIR BANK HAS APPRAISED THE HOME VALUE AT LESS THAN WHAT THE BUYERS AGREED TO PAY US FOR IT. WHAT ARE OUR OPTIONS? LOT 125 COW POKE LANE ∙ RUTLEDGE ∙ 0.7 OF AN ACRE ∙ OFFERED AT $89,900 PARCEL 070.03 ROCKY BRANCH ROAD ∙ RUTLEDGE ∙ 0.87 ACRES ∙ OFFERED AT $35,000 PARCEL 070.04 ROCKY BRANCH ROAD ∙ RUTLEDGE ∙ 1.71 ACRES ∙ OFFERED AT $55,000 PARCEL 070.00 ROCKY BRANCH ROAD ∙ RUTLEDGE ∙ 3.1 ACRES ∙ OFFERED AT $105,000 LOT 157 HOPPERS BLUFF ∙ RUTLEDGE ∙ 0.99 OF AN ACRE ∙ OFFERED AT $189,900 LOT 158 HOPPERS BLUFF ∙ RUTLEDGE ∙ 1.1 ACRES ∙ OFFERED AT $149,900 WHAT AREAS DO YOU COVER? Upcoming Events for the Cherokee Lake Area… LOT 209 WOODSTOCK DRIVE ∙ RUTLEDGE ∙ 0.9 OF AN ACRE ∙ OFFERED AT $89,900 WE OWN A SECOND HOME IN CROSSVILLE. OUR PRIMARY HOME IS IN BEANSTATION. WE READ YOUR COLUMN EVERY WEEK AND ARE VERY IMPRESSEDWITH YOUR KNOWLEDGE OF REAL ESTATE. WOULD YOU CONSIDER LISTINGOUR SECOND HOME IN CROSSVILLE? WHAT ARE THE OPTIONS IF I RECEIVE AN OFFER TO BUY MY HOUSE THAT I THINK IS TOO LOW? HOW MUCH WILL MY HOUSE BE WORTH NEXT YEAR? WHAT PERCENTAGE DO YOU SEE IT INCREASING? WE’RE TRYING TO DECIDE WHETHER WE WANT TO PUT IT ON THE MARKET NOW OR WAIT UNTIL NEXT YEAR. WE ACCEPTED AN OFFER ON OUR HOME. NOW THE APPRAISAL REQUESTED BY THE BUYER HAS OUR HOME WORTH LESS THAN WHAT WE AGREED TO SELL IT TO THEM FOR. WHAT ARE OUR OPTIONS? WHAT INFORMATION MUST WE REVEAL WHEN SELLING OUR HOME ? OUR SON WANTS TO BECOME A REAL ESTATE AGENT. ANY ADVICE YOU CAN GIVE HIM WOULD BE APPRECIATED. YOU HAVE WRITTEN IN SEVERAL COLUMNS THAT AS A SELLER WE ARE LEGALLY RESPONSIBLE FOR DISCLOSING HOW MANY BEDROOMS OUR SEPTIC SYSTEM IS APPROVED FOR. WHAT IF WE DON’T KNOW THIS INFORMATION? WE HAVE DECIDED TO MOVE TO THE CHEROKEE LAKE AREA FROM PENNSYLVANIA. WE ARE AT THE AGE WHERE THE COLD BOTHERS US MORE THAN IN THE PAST. BASED ON YOUR EXPERIENCE, DO YOU THINK IT IS BETTER FOR US TO BUILD A NEW HOME OR BUY ONE THAT HAS ALREADY BEEN BUILT? LOT 180 WOODSTOCK DRIVE ∙ RUTLEDGE ∙ 0.78 OF AN ACRE ∙ OFFERED AT $35,900 Knoxville tops list of popular cities for relocation, study finds High rent and home prices are pushing neighbors out of Knox County LOT 104 RED CLOUD LANE ∙ RUTLEDGE ∙ 0.6 OF AN ACRE ∙ OFFERED AT $94,500 164 LOGAN’S BLUFF ∙ BEAN STATION ∙ OFFERED AT $799,900 1689 W HIGHWAY 25-70 ∙ NEW MARKET ∙ OFFERED AT $1,399,000. LOT 7 SHILOH SPRINGS ROAD ∙ RUTLEDGE ∙ 0.9 OF AN ACRE ∙ OFFERED AT $19,900 When will mortgage rates go down? The outlook heading into 2026. WE WILL BE SELLING OUR HOME SOON. HOW DO WE DETERMINE WHAT TO PRICE IT AT? WE DON’T WANT TO OVERPRICE IT, BUT WE ALSO DON’T WANT TO SELL IT FOR LESS THAN WHAT IT’S WORTH. LOT 48 SHILOH SPRINGS ROAD ∙ RUTLEDGE ∙ 0.97 OF AN ACRE ∙ OFFERED AT $194,000 MY WIFE AND I WANTED TO LET YOU KNOW HOW MUCH WE APPRECIATE YOUR COLUMN. YOU’VE PROVIDED SOME GREAT REAL ESTATE INFORMATION AND KEEP UP THE GOOD WORK. WE DO HAVE A QUESTION FOR YOU. DO YOU ONLY LIST LAKE PROPERTIES FOR SALE? I WOULD LIKE TO MAKE AN INVESTMENT IN REAL ESTATE. DO YOURECOMMEND INVESTING IN LAND OR A HOUSE? WE’VE HAD OUR HOME ADVERTISED FOR SALE FOR QUITE A WHILE AND IT HAS NOT SOLD. THE LISTING IS EXPIRING, AND WE DON’T KNOW WHETHER WE SHOULD RENEW IT OR JUST TAKE IT OFF THE MARKET UNTIL THINGS IMPROVE ECONOMICALLY. IN YOUR OPINION, WHAT IS THE BETTER OPTION? WE DON’T LIVE IN TENNESSEE AND ARE LOOKING AT ADS ONLINE FOR A HOME TO PURCHASE. WHAT SHOULD WE LOOK FOR BEYOND THE PHOTOS? LOT 199 WOODSTOCK DRIVE ∙ RUTLEDGE ∙ 0.57 OF AN ACRE ∙ OFFERED AT $42,900 YOU WROTE A COLUMN A FEW WEEKS BACK ON HOME INSPECTIONS. YOU RECOMMENDED THAT SOMEONE BUYING A HOME SHOULD HAVE IT INSPECTED BEFORE PURCHASING. AS A SELLER, SHOULD WE GET OUR HOME INSPECTED TO BETTER UNDERSTAND WHAT ISSUES MAY COME UP? 987 SELLERS ROAD ∙ JEFFERSON CITY ∙ OFFERED AT $134,900 WHAT IS THE NUMBER ONE ADVICE YOU COULD GIVE US IN CHOOSING A REAL ESTATE AGENT TO LIST OUR HOME? MY HUSBAND PASSED AWAY AND I WILL DO WHAT HE ALWAYS RECOMMENDED AND INTERVIEW THREE COMPANIES BEFORE I MAKE A DECISION ON WHO TO LIST OUR HOME WITH. I WAS PLANNING ON HAVING YOU AS ONE OF THOSE THREE. BUT MY NEIGHBOR TOLD ME YOU TURNED DOWN HER LISTING? THAT’S UNUSUAL TO TURN DOWN WORK WHEN IT’S OFFERED. WHY DO YOU TURN DOWN A LISTING? WE MADE A MISTAKE IN PURCHASING A HOME. WE HAVE GONE THROUGH THE CLOSING PROCESS BUT HAVE NOT MOVED IN YET. HOW MANY DAYS DO WE HAVE TO CHANGE OUR MIND AND GET OUR MONEY BACK? LOT 3 RHONDA’S WAY ∙ RUTLEDGE ∙ 2.61 ACRES ∙ OFFERED AT $17,900