K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.


Buying A Home In East TN

October 15, 2020

Buying a Home In East Tennessee By Sandra C Brown, Broker, GRI 


These points cover the housing market for the East TN Counties of Sevier, Cocke, Jefferson, an Hamblen Counties


Until this year in East TN you could buy a starter in East TN  for uner $100,000    There  are still a few but typically need $20,000 in repair work.     Investors with cash are now buying a them and are either turning them into rentals or upgrading them an reselling them for a profit.


Becareful who you use as a lender. One lender  quit taking  loans on anything but "cabins"   starting at $300,000 this year.  Another lender wll take your application but then will put it aside unless is over $250,000.  You hae to screen your lender carefully.


We are also finding very hard to find contractors who will do the small jobs requested for an FHA 203B or FHA 203K loan because they can make more money building cabins .    Just  like your lender you hve to screen your contractor.   


Hud homes still remain one of best places for a home buyer who doe not have cash to buy  a home. The  HUD homestore is is all about home ownership for the owner occupant


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