A little over 22,500 people call Farragut home, with many of them attracted by the unique combination of small-town feel with plentiful amenities. The town takes its name from Union Admiral David Farragut, born in Campbell’s Station in 1801. There is an abundance of retail outlets and restaurants to choose from and a variety of indoor and outdoor recreation opportunities. With easy commuter links to Oak Ridge, Knoxville, Maryville, and other cities, Farragut is a great place to lay down some roots for your family.
As your Farragut TN realtor, if I can give you just one piece of advice about buying a home, then it would be this - get your finances in order first! Before you even think about visiting an open house or checking out local listings, find out what a realistic budget looks like for you. What can you actually afford? Make a note of your income and expenditure and look at mortgage calculators to estimate your budget. Your mortgage payment should be something that you can comfortably afford each month, along with your other debts and financial commitments. You will also need a down payment of around 20% and enough money to cover your closing costs.
Once you have settled on an appropriate budget, your next step is meeting with a lender to discuss loan options and interest rates. It can be helpful to work with a reputable mortgage advisor to find the best deal. When you choose us as your Farragut TN realtor, we recommend some of the top mortgage advisors in the Knoxville area. When you decide on the right loan, ask for a prequalification letter that helps you prove you have the funds to offer a property.
Now the fun part starts! Shopping for your dream home. As your Farragut TN realtor, we will ask you to provide a list of your must-have features. For example, how many bedrooms do you need? Do you want a pool? Is there a particular style of home that appeals to you? This will help narrow down the search to only the listings that are likely to interest you. Once you find the right property, your agent will help you to make an offer and, if accepted, walk you through the rest of the home buying process.