Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

865-675-8326
RE/MAX Preferred Properties
[email protected]

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Knoxville Short Sale Question: Do I Need To Worry About Maintenance?

thinking-web-picIn our Ask the Expert Section, we recently received a question from Phoebe, she asks, "I was relocated a little over a year ago. I tried to sell my Knoxville home, unfortunately, I owe way more on my home that it is worth. I eventually stopped making payments because it was too difficult to pay living expenses in two different cities. I'm in the process of doing a short sale on my Knoxville home. Do I still need to worry about maintaining the home and keeping utilities on?" As a Knoxville homeowner facing foreclosure, there are many difficult decisions to make. The first of which being whether or not a Knoxville short sale is right for you. It can be very difficult to decide what to do when you're financially strained and upside down on your mortgage. As far as the maintenance on your Knoxville home, it is important to keep in mind that you're still in process of selling your Knoxville home. Even though your home is being sold as a short sale, it is still important to keep up with any of the maintenance that you are able to. Things like maintaining the yard or mowing the grass can go a long way. While this may not be possible to do sine you live out of town, it is important to do what you can. As far as major maintenance goes, in a Knoxville short sale, the home is sold "as is." This means that the buyer is accepting the home in its current condition with no repairs to be done at closing. In return, a buyer is able to get a Knoxville short sale at a deeply discounted price. Finally, while in the process of completing a short sale, it can be helpful to keep utilities on. Throughout the process of doing a short sale, there are times that it will be necessary to have the utilities on. It can be helpful to have the utilities on for showing to show that all major systems work. In addition, it will be required that utilities are one for the home inspection and the appraisal. Are you underwater on your Knoxville home? Do you want to hear what options you have to avoid foreclosure? If so, please do not hesitate to give my team a call at 865-696-9002 or send an email to [email protected]. We’ve helped countless Knoxville homeowners avoid foreclosure. Give us a call today for a free consultation.

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