Selling Lake Property on Norris Lake Tennessee

norrislakeliving.com
http://www.norrislakeliving.com/norris-lake-home-sellers/item/13-sell-your-lake-house-on-norris-lake
Sell your Lake House on Norris Lake
Lake Homes on Norris Lake
Norris, TN - Selling your vacation home or lake property on Norris Lake takes preparation, organization and
prof essional marketing. Here's everything you need to know to be f ully prepared to sell your lake property in
Tennessee, f rom understanding the Norris Lake housing market to choosing a prof essional Real Estate agent
that can handle your lake property listing.
Selecting a Listing Agent
A good real estate agent is worth their weight in gold during the home selling process. Be sure to choose an
agent or even better — a lake property specialist who is an expert on all things real estate in your
neighborhood and Norris Lake. The agent should know area lake communities on Norris Lake, what vacation
home upgrades are necessary to attract buyers and all the intricacies of the transaction. The average agent
won't have the detailed knowledge of waterf ront properties in your area.
From marketing your lake home f or maximum exposure to negotiating a price and closing the deal, hiring the
right agent f or your needs will get it done right!
Determining Lake Property Value
Determining the right price to sell your lake property is much more a science than an art. If the price is too high,

your house is passed over. Set too low and you stand to lose thousands on the sale. When setting the asking
price f or a home don't let emotional attachment and other f actors unrelated to the home's true market value
end up inf luencing your sound judgement. Letting emotion drive up your asking price is a mistake that can end
up costing you big in the end.
Some benefits of pricing your lake property on Norris Lake right include:
- Real estate agents will be enthusiastic about presenting your property to buyers
- Selling f aster (because it is exposed to more qualif ied buyers)
- Doesn't become stale or lose its marketability
The good news is that hiring a lake property specialist on Norris Lake with knowledge in the local real estate
market will give you the f acts you need to know to make an educated decision on asking price.
Lake Property Market Analysis
Perf orming a Comparative Market Analysis (CMA) is crucial in determining the f air market value of your vacation
home on Norris Lake. A CMA will not only provide you with everything you need to know about about your local
housing market but will also include how much similar vacation homes are f etching in your neighborhood and
whether you're dealing with a seller's market. Prices f or vacation homes that have recently sold in your
neighborhood represent what buyers are prepared to pay. Listings that have expired generally are overpriced or
poorly marketed.
Hiring a listing agent with years of experience and knowledge of the local Norris Lake housing market makes
him or her best qualif ied to interpret the data and make sound recommendations.
Calculating Expenses & Costs
Be sure to budget f or all the expenses associated with selling a vacation home on Norris Lake. Typical costs
besides real estate agent f ees and the cost of a new home are legal f ees and disbursements, utility and
property tax adjustments, home inspection, repairs and renovations and moving costs.
Have lake property on Norris Lake or surrounding area that you would like to list on the market? Give me a call
today to schedule an appointment at (800) 485-1290. Please share your thoughts and comments.

http://www.norrislakeliving.com/norris-lake-home-sellers/item/3-5-ideas-for-selling-your-lake-home-on-norris-lake
5 Ideas for selling your lake home on Norris Lake
5 Ideas f or selling your lake home on Norris Lake
What´s a lake house worth on Norris Lake? That really depends on where it is and how much lake f rontage is
available! Here is a list of 5 helpf ul home selling ideas and tips that can help you get the highest market selling
price f or any home. Be sure to read the inf ormation below to f ind out what you need to know bef ore you sell.
Curb Appeal
Everyone has heard this bef ore, but you would be surprised on how important curb appeal really is! First
impression are important! Especially when trying to sell your lake house. New sod, f resh landscaping, new
exterior paint on your boat dock, outdoor lighting or simply trimming your trees f or a better lake view can add
the right amount of curb appeal to luring buyers inside. If the home you're trying to sell is lakef ront does it
of f er a great view? You would be surprised how trimming a f ew bushes and trees can bring out the beauty of
your lake home on Norris Lake!
First Impressions

You only get one chance to make that positive f irst impression. Create an impression that is memorable! When
a potential lake home buyer walks in your home — a clean home, f resh f lowers and scented candles can go a
long way. Be sure to de-clutter and remove any unnecessary items that take up space. A majority of home tours
are f rom visitors out of town ---- including Ohio, Kentucky, North Carolina, etc and they won't be back if there
f irst impression is not good!
Maximize Space
Open your mind to new ways to rearrange your f urniture. This can create openness and space within a room
making the room seem larger. This will of f er open views that can enhance the f eeling and mood of the room.
Be sure to always rearrange your f urniture with a f ocal point in mind. This can be anything f rom a great view of
the lake, pool, or patio area.
Modernize the Kitchen
When thinking about upgrades f or your kitchen, think about the people that will be using them. Are your kitchen
appliances outdated? What appliances would you want the most when spending a vacation on the lake? Using
all stainless steel or neutral colors can add real value to your home.
A Clean Home is a Happy Home
Your vacation home shouldn't look like a zoo. Remove any unused items around the lake house that may
create clutter. Make the master bedroom shine like a luxury suite with that exceptional view of Norris Lake!
Closets should also look and smell clean. Removing f loor rugs can sometimes create the f eeling of more
space while showcasing the beauty of your wood f loors and that lake house f eel.

http://www.norrislakeliving.com/norris-lake-home-sellers/item/14-increase-the-value-of-your-lake-home
Increase the Value of Your Lake Home
Actual SOLD Listing
Norris Lake, TN - Although making home improvements does not guarantee an increase in value, it will at the
very least make your vacation home on Norris Lake more competitive against your competition. The value you
create now will increase over time. Use these tips to help increase the value of your vacation home and enjoy
the rewards when it is time to sell.
Upgrades that add Value to your Lake House or Vacation Home
Specif ic home improvements can increase your property value above the cost of the improvements themselves
— such as remodeling a kitchen, adding a bathroom and even upgrading landscaping. Be sure to remember that
quality pays with remodeling. A bad remodeling job will do little to boost your property value. Savvy home buyers
will be able to easily identif y the things wrong with your lake house.
Modern Kitchen - This includes any of the f ollowing: kitchen appliances, cabinetry, tile backsplashes, counter-
tops and f looring. Try to use natural materials. If your appliances are older than 3-5 years, you should consider

purchasing new ones. Using top of the line appliances with stainless steel or a prof essional series that
integrates with the cabinetry are sure to help home buyers take a second glance.
Master Bedroom & Bath upgrades - The master bedroom should f eel like a suite, especially since it's a
vacation home. Adding dimming f eatures and recessed lighting create an ambiance of high value. The bathroom
and shower should also provide spa like f eatures with oversized tubs, large shower heads and tiled f loors.
Also, don't f orget about the closet! Closet storage is one of the easiest and of ten overlooked upgrades.
Modern Fixtures - This can be anything f rom kitchen and bathroom with plumbing f ixtures more than 10 years
old. Brushed nickel, antique copper and brass f ixtures are inexpensive and easy to replace. Your home should
have a unif ied look throughout.
Landscaping - Invest in curb appeal. Well manicured lawns, trimmed landscaping and a clean driveway help
create a greater buyer appeal.
Other Upgrade Ideas
Going Green - Upgrading or adding Eco-f riendly home improvements can have a big return on investment
including tax incentives. Going Green can include water saving plumbing f ixtures, tank-less hot water heaters to
energy ef f icient appliances.
Quality Roof - Roof s older than 15 years should be inspected and possibly replaced. A quality new roof will
not only protect but adds value to the home. Use clay tiles, copper, slate or standing metal seam instead of the
standard asphalt shingles.
Energy Saving Windows - Installing Energy Star qualif ied windows lowers energy bills and saves money. Use
double paned windows, windows with integral window treatments or insulated varieties all equate to saving
energy. Well-placed skylights are also a good touch that can add value.
Have a question, comment or suggestion you would like to share? Please f eel f ree to post a comment.

http://www.norrislakeliving.com/norris-lake-home-sellers/item/15-showing-your-vacation-home-on-norris-lake
Showing Your Vacation Home on Norris Lake
Actual SOLD Listing Russell Brothers Rd Sharps Chapel. TN List Price $949,000
Lafollette, TN — Having your lake house on Norris Lake ready f or open house viewings at all times will save
you f rom last minute cleaning sprees and potential lost of f ers because of sloppy housekeeping. Use these
tips and ideas to ensure a perf ect f irst impression f or your vacation home f or sale.
Preparing for an Open House
It's important to create the proper atmosphere that helps home buyers envision themselves living in your
vacation home. Remember the majority of potential home buyers looking f or lake homes on Norris Lake are
f rom out of state, so that f irst impression is very important! They may be in f or the weekend and will not return
unless it's worth it! Norris Lake is also seasonal. Be sure to pick the best months when the lake levels are
highest.
1. Home Staging

Preparing your lake house f or sale on Norris Lake is beyond decorating and cleaning. Home Staging makes
your house look bigger, brighter, cleaner and inviting to home buyers. It's all about the small details that
highlight your home's best f eatures.
2. Brighten the Room
Make sure the lighting in the room is adequate. Turn on all the main interior and exterior lights and open drapes
and blinds. Light f illed rooms are always appealing and bring attention to your home's details.
3. Spark the buyer's imagination
Make your visitors f eel welcome. Setup f resh f lowers, light scented candles and provide ref reshments and
snacks to keep people at your open house longer. If you have pets put them in a f enced yard or have f riends
look af ter them.
Have some ideas or comments you would like to share? Feel f ree to share your thoughts!

http://www.norrislakeliving.com/norris-lake-home-sellers/item/16-5-tips-for-staging-your-lake-house-on-norris-lake
5 Tips for Staging your Lake House on Norris Lake
Actual SOLD Listing Russell Brothers Rd Sharps Chapel. TN List Price $949,000
Did you know that a well-maintained and attractive vacation home in Norris Lake, TN tends to sell more quicker
and f or a higher price? Home staging and makeovers aren't anything new but it does make a lake house more
attractive f or potential home buyers to picture themselves living in your vacation home.
5 Tips for Staging your Lake House
The goal in home staging is to decorate your lake house to showcase it's best f eatures. Thus, make it more
attractive to potential home buyers. Creating that positive f irst impression is key when selling any vacation
home on Norris Lake. With a small investment in cleaning supplies, neutral f urnishings and the proper f urniture
placement you can get the edge over competing sellers in your market as well as add thousands of dollars to
your property value.
1. Clean up

If you're planning an open house the vacation home should be clean f rom top to bottom. Inside and out! Don't
f orget the garage as well as the patio deck and boat dock. Potential buyers should have a lasting impression
when they visit your lake house. Remember that the majority of home buyers looking f or lake homes on Norris
Lake are f rom out of state! No one wants to come home to a dirty house!
2. De-clutter and Dispose
It's important to create lots of space to make your lake house on Norris Lake more sellable. Be sure to
declutter and dispose of any items f rom your kitchen and bathroom counter-tops. Pull up old carpets or
remove area rugs to showcase your hardwood f loors.
3. Organize
Storage is a priority f or many home buyers especially in closets and cabinets. Prioritize and re-organize by
neatly storing all of your personal items to maximize space. Put away any clutter that may be hiding potential
storage space.
4. Furnish Empty Rooms
Too much space can sometimes work against you. Especially if home buyers can't get a good sense of space
with an empty room. Staging a room with the right f urniture can make it easier f or buyers to imagine living in the
space.
5. Curb Appeal
The more inviting the outside the more likely and excited people will be to see the inside. Make sure the
entryway to your lake home looks pristine. A well maintained lawn and a little landscaping f rom your local home
renovation store can do some wonders.
Have a home staging tip or recommendation of your own? Please share your comments.

http://www.norrislakeliving.com/norris-lake-home-sellers/item/6-real-estate-tax-tips-for-home-sellers
Real Estate Tax Tips for Home Sellers
The Peninsula lake community on Norris Lake
If you're moving into a new home you've just purchased here's a couple of tips that may put a little extra money
in your pocket. Depending your individual situation, a deduction of certain moving expenses can be claimed if
you are moving to a new home because you changed a job location or started a new job?
Deductible Moving Expenses
For 2012, the standard mileage rate f or using your vehicle to move to a new home is 23 cents per mile. You
may be able to deduct moving expenses whether you are self -employed or an employee. Your expenses
generally must be related to starting work at your new job location. However, certain retirees and survivors may
qualif y to claim the deduction even though they are not starting work at a new job location.
Also see IRS Deductible Moving Expenses - Publication 521
Sale of Residence

You may qualif y to exclude f rom your income all or part of any gain f rom the sale of your main home. Your main
home is the one in which you live most of the time. If you sold your main home, you may be able to exclude up
to $250,000 of gain ($500,000 f or married taxpayers f iling jointly) f rom your f ederal tax return. This exclusion
is allowed each time that you sell your main home, but generally no more f requently than once every two years.
Also see Sale of Residence - Real Estate Tax Tips
Have a comment or tip you would like to share? Please f eel f ree to leave us a comment!

http://www.norrislakeliving.com/norris-lake-recently-sold/item/148-just-sold-crowne-pointe-lot-7-at-the-peninsula
Just Sold: Crowne Pointe Lot 7 at the Peninsula
Crowne Pointe Lot 7 Laf ollette, TN The Peninsula
Crowne Pointe Lot 7 Lafollette, TN — This f abulous lake lot has sold at the Peninsula lakef ront community
on Norris Lake!
Crowne Pointe Lot 7 Lafollette, TN
This beautif ul lake lot has just sold at the premier lakef ront community the Peninsula! The new owner will enjoy
this lake lot with 1.7 acres. The lot owner can build to the 1035 elevation on Norris Lake with less than 90 f t of
water. This lake lot also looks directly into the Chuck Swan Wildlif e Management area. There is 332 f t of
dockable waterf ront f or this waterf ront lot located near the tip of the Peninsula.

Aerial views of the gated lakef ront community the Peninsula on Norris Lake!

Closeup view of waterf ront lake homes at the Peninsula on Norris lake! Lake homes at this community average
at least 3,500 sq f t.
This lake lot at the Peninsula has of f icially closed. If you are interested in seeing lake property at this
community, call (800) 485-1290 f or a personal tour of this lake community on Norris Lake! Be sure to check out
other available lake lots f or sale at the Peninsula on Norris Lake!
ADDRESS CITY STATE ZIPCODE LOT # ACREAGE PRICE MLS#
Crowne Pointe Lane Laf ollette TN 37766 7 1.7 $399,000 846086
Asking Price: $399,000

Request Info
Bo Caldwell
Slyman Real Estate
TN Lake Home Specialist
(865) 719-1202
Have a question or comment about this f eatured lake house on Norris Lake? Feel f ree to share your
comments or give us a call at (800) 485-1290 f or a personal home tour!

http://www.norrislakeliving.com/norris-lake-recently-sold/item/164-just-sold-597-crowne-pointe-at-the-peninsula
Just Sold: 597 Crowne Pointe at the Peninsula
597 Crowne Pointe Laf ollette, TN The Peninsula
597 Crowne Pointe Lafollette, TN — This f abulous lake house has sold at the Peninsula lakef ront
community on Norris Lake! The new home owners will enjoy a 2 story lake home with 4 bedrooms, 4 baths and
5, 341 sq f t of living space.
597 Crowne Pointe Lafollette, TN
This beautif ul lake home has just sold at the premier lakef ront community the Peninsula! This lake house
of f ers amazing views looking directly into the Chuck Swan Wildlif e Management area. The Peninsula of f ers
some of the most beautif ul and custom designed lake houses in East Tennessee. It's of little reason why this
place has become one of the most sought af ter addresses on Norris Lake! Seeing is believing, if privacy and
seclusion is what you have been looking f or! Call (800) 485-1290 today and schedule a tour of this private
gated lake community!

View of the kitchen with Cherry Wood cabinets, center island with Granite counter-tops and hardwood f looring.

Gorgeous view of the dining room looking into the enclosed outdoor patio room!

View f rom dining room looking into living room! Note the cathedral ceilings with stone slab f ireplace and built-in
TV.

Aerial view f rom upstairs looking down into the living room and dining room area!

View f rom inside the enclosed patio room looking into the Chuck Swan Wildlif e Management Area and Norris
Lake!

Great views f rom the Master Bedroom with hardwood f looring and trey ceilings above!

View of the Master Bath with his/her vanity sinks, whirlpool tub and tile f looring!

View of the Great Room on the Lower Level with direct access to ground level patio and Norris Lake!

View looking into the Lower Level Kitchen and Wet Bar to entertain guests and f amily.

View of the outdoor patio on ground level that leads to walkway path to the boat dock and Norris Lake.

Close-up view of the boat dock with two boat slips and hydro hoists. Also note the upper level and storage
area.
This lake home at the Peninsula has of f icially closed. If you are interested in seeing lake property at the
Peninsula on Norris Lake, call (800) 485-1290 f or a personal tour of this lake community on Norris Lake! Be
sure to check out other available lake lots f or sale at the Peninsula on Norris Lake!
ADDRESS CITY STATE ZIPCODE BDRMS BATHS SQFT PRICE MLS#
597 Crowne Pointe Laf ollette TN 37766 4 4 5,341 $1,149,000 865920
Asking Price: $1,149,000

Selling Lake Property on Norris Lake Tennessee

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Selling Lake Property on Norris Lake Tennessee