A new year brings about new goals. If you’re planning to move to East Tennessee in 2023 and looking to buy a home in Knoxville or the surrounding area, we can help you prepare now, so you can shop efficiently and successfully find a home you love. Here are a few tips to help you start the process, but please feel free to contact us with any questions. Our Knoxville real estate team is here to make your move to East Tennessee as stress-free as possible.
Learn about the local communities.
East Tennessee offers a variety of communities to choose from, and we recommend exploring each to decide where to look for your next home. Living in Knoxville will provide you with a comfortable lifestyle with convenient access to all of life’s modern conveniences, many entertainment options. However, compared to surrounding areas, Knoxville is more densely populated. So, if you are looking for more space and peace and quiet, you may want to consider living outside Knoxville in Powell, Alcoa, Louisville, Maryville, Oak Ridge or Lenoir City. Although these communities provide fewer shopping, dining and entertainment options, they offer the opportunity to put a little distance between your home and the hustle and bustle. Each East Tennessee community has its unique perks, and we are happy to discuss which would best fit the lifestyle you enjoy.
Understand your tax liability and cost of living changes.
Relocating to East Tennessee from another state will most likely come with changes to your cost of living and tax liability. According to 2022 research by WalletHub, Tennessee ranks 15th for the lowest property taxes in the United States. As you shop for your new East Tennessee home, pay attention to local tax rates. Since property taxes are collected on a city and county level, they will be unique to where you purchase your home. Additionally, the State of Tennessee has no income tax but ranks in the top five for states with the highest sales tax rate. The sales tax rate is a combination of the state rate and local rate, so the overall sales tax varies from county to county. Understanding Tennessee taxes will help you form a clearer picture of your new potential cost of living.
Work with an experienced local agent.
When shopping for a new East Tennessee home from afar, we recommend working with an experienced agent who is local to the East Tennessee area. Knoxville real estate agents, like our agents on The Bedros Team, can help you understand the nuances of the Knoxville market and the markets of the surrounding counties. Real estate is our team’s full-time career, and we take pride in being a wealth of information for our clients. We understand the challenges of buying a home in an area where you do not currently reside, and we do everything possible to ensure you feel completely confident in your buying decision.
When you are ready to find your home in East Tennessee, please reach out to our team. We are here to answer your questions and help you through every step of the process.