Why are houses so expensive?
The coronavirus pandemic changed a lot: More people are working from home, families want to optimize their down time and everyone is craving great outdoor living areas.
Need a bigger house to accomplish all that? It’s complicated right now, Laura Slyman, owner of Slyman Real Estate, told Knox News.
There is a shortage of available homes in Knoxville’s sizzling real estate market, and homes with amenities like pools and home offices are even more rare.
Because of the steep competition to buy a house, local and out-of-state buyers are purchasing properties almost immediately after they’re listed. And buyers are often paying well over the asking price to seal the deal.
So when you find a house you want, what will make your offer stand out to sellers? Slyman said it doesn’t just come down to money. Here’s her advice as a real estate agent with more than 20 years of expertise.