Hamblen County is a Seller's Market!
December 2019 stats show us that Hamblen County is STILL a strong seller's market for all price ranges under $500,000. The graphic gives a break down of active, pending, and sold homes in December 2019. Homes in the $125,000 - $175,000 price range, as well as those in the $225,000-$275,000 range, have less than a 1 month supply of inventory! This indicates a strong seller's market. What does that mean for you? If you have been thinking of selling but wanted to wait until spring, DON'T WAIT! NOW is the time to get your home listed. There is a lot less competition and demand is strong.
Have you thought about selling but not sure what your home is worth in today's market? I will be happy to provide you with a no obligation Comparative Market Analysis. This is NOT an automated valuation but an honest pricing opinion created by a real live person, ME!
Hamblen County Sold Map for December 2019
The interactive map below shows the 54 homes sold in Hamblen County for December 2019. Click on the home icon to see the address, list price, sold price, and other details about the home.
What does this mean for buyers?
If you are a buyer, be prepared to make an offer fast if you find the home you want because odds are it won't be on the market long. If you're having a hard time finding the "perfect house", take advantage of this time and get your lender all of your income documentation so you can truly be pre-approved. This makes you a much stronger buyer than someone who has only been pre-qualified. What does your lender need?
- Most recent 30 days worth of paystubs
- Past 2 years W2's (give them 2017 & 2018 but know that when you receive 2019 they will need it as well)
- Most recent 2 years tax returns
- Most recent 2 months bank statements
- Explanation for any large deposits or withdrawals
- Explanation of any recent credit inquiries
Providing these items to your lender now allows them to verify your income and your assets through underwriting to truly make you a "pre-approved" buyer! Sellers will know that there won't be any last minute surprises or delays in your financing and that can definitely play to your favor in a competitive market.
With interest rates in the mid 3's, it is a GREAT time to purchase a home. If you're ready to start the process but not sure what the 1st step is OR if you need a recommendation to a great lender, let me know and I can point you in the right direction.
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