The Key Mission of Gables & Gates, Realtors® is to match our clients not only with the perfect home, but with the community that best suits their needs and desires. We believe we are able to do that better than anyone else.
A mortgage lender will be able to take your financial information and determine what amount you will be able to borrow. Having your pre-approval letter in hand, as well as a good faith estimate, before we start searching will save us time and make sure we don’t miss out on the perfect home opportunity. The pre-approval letter will accompany an offer.
If you've got the money in the bank and you are ready to purchase your home in cash, that's great. I will inform you as to your closing costs and we will need a proof of funds to supplement any offers. You can acquire a proof of funds from your financial advisor or your banker to show that you have a balance that meets the purchase price.
Once you've got your finances in order, the fun of looking for the perfect home begins! I will set you up on an automatic search through the Multiple Listing Service (MLS), which is the database that Realtors use to list and search for homes. The moment a home that fits your search criteria is listed for sale, it will be sent to your email inbox. If we ever need to adjust the search criteria, just let me know and I can make any change you need. Make sure to let me know which homes pique your interest and we will set up some showings.
Write an offer to purchase on your favorite property. In order to write an offer, we will need the following information:
What is the Escrow/Trust Deposit?
The escrow/trust deposit is also known as the "Good Faith Deposit" and is paid up front to show that you are serious about the purchase. The higher the escrow, the more attractive the offer is to the seller.
Where does it go?
As soon as we have an executed contract, you have approximately 3 days (unless negotiated differently) to get the Escrow/Trust Deposit to the real estate company. That company holds it up until closing, then it will be counted towards your balance due at closing. You can submit your deposit by check.
During the inspection period, the buyer has the right to hire a professional to inspect the condition of the home that would have otherwise been unknown.
The standard home inspector's report will cover the home's heating system; central air conditioning system; interior plumbing and electrical system; roof, attic, and visible insulation; walls, ceilings, floors, windows, and provide a written report of the inspection. You may be present for the inspection if you would like to ask the inspector any questions.
An appraisal is an estimate of value of the property by a licensed professional appraiser. Once any problems during the inspection are solved, the appraisal will be ordered by the lender and paid for by you. The goal of the appraisal is to verify the value of the property for the lender and to protect you from overpaying. The contract is contingent upon whether the appraisal comes in at or above the purchase price. If the appraisal comes back short, we go back to the negotiation table.
You have 5 days from the date of contract execution to begin the mortgage loan application. During the 30-45 days before closing, the lender will be finalizing your mortgage. It is very important not to make any major job changes, major purchases, or open new credit cards or lines of credit, as any of these activities could alter your qualifications for a loan. Don't buy furniture until after closing!
Your lender will require you to obtain a homeowner's insurance policy. You will need to get the lender this information before closing.
Unless the seller already has a recent and acceptable survey of the property, the buyer is required to pay for the survey if he wants one. However, the survey is no longer required by the lender. The title company can order this for you. The survey is a sketch showing a map of the property lines/boundaries and easements. The survey will show if there are any encroachments on the property.
The title company will conduct a title search to ensure the property is legitimate and find if there are any outstanding mortgages, liens, judgments, restrictions, easements, leases, unpaid taxes, or any other restrictions that would impact your ownership associated with the property. Once the title is found to be valid, the title company will issue a title insurance policy that protects lenders or owners against claims or legal fees that may arise over ownership of the property. This is also a part of your closing costs.
"Clear to Close" is excellent news. It means the mortgage underwriter has officially approved all documentation required to fund the loan. All that remains is the actual closing process. Here is a checklist to ensure a smooth closing:
Janet was great! We flew up in a snowstorm and she took us to see 19 houses in 3 days and helped us through every step in purchasing the one we chose, even meeting contractors on our behalf, since we were doing all this from out of state. She really did everything to make the sale as smooth as possible.— Lisa Kay M.
We cannot say enough good things about Janet. We recently decided to go from 2 homes (IN and FL) to 1 and had zeroed in on Tennessee. We found a home on Realtor.com that looked like it fit our needs and Janet just happened to be the listing agent. She quickly responded to our inquiry and we set up an appointment to see that house and others in the Knoxville area. We had planned to spend 2 days with her, and those 2 days let us fell in love with Knoxville - we cancelled the rest of our trip across the state. Once we found "the house," which happened to be under construction, Janet stayed involved throughout the process, always quickly responding to o...— Barb & Steve C.
Janet was such a huge help to us. We were buying a house in Knoxville from another city, which in the market at this time was quite tricky. She went above and beyond taking care of things for us since we could not be there in person for everything. And she treated us like we were million-dollar buyers, though our price range was far from it. Her reputation in Knoxville is stellar! So many people in different areas of the housing industry whom I came across during the process had only the utmost respect for her when I would mention her name to them. It was such a relief to hear them gush over how great she is. I would recommend her to anyone! We cert...— Sara R.
Janet helped us through a very difficult closing on our new home. She was very professional and proactive to make sure we closed on time! Great job Janet!— Peter F.
I’ve had the pleasure of contracting with Janet DeBusk Hensley to be my real estate agent as both a seller and a buyer several times over the past few years. I highly recommend her to you for several reasons. Her professionalism from the beginning to the end of the process is impressive. Janet’s attention to detail in all aspects of the transaction help me on more than one occasion. Janet is very responsive and attentive to help with questions throughout the process. Her availability by phone, text, email, or even to meet in person further showers her dedication not serving her clients. She doesn’t pass you off to someone in her office. She makes it...— Steve F.
Janet DeBusk Hensley is a top Realtor® who is a strong advocate for her clients. As a home inspector, I have appreciated how she works hard for her buyers and wants to make sure they get a good home that fits their needs and is in good condition and a good value. I highly recommend Janet DeBusk Hensley.— Bert H.
Janet and her team are stellar. She was very flexible with our timeline and availability. She also has the local knowledge, experience and connections to make the process as painless and enjoyable as possible. Of the past 3 homes I’ve purchased this was the easiest from beginning to end. She also found us a local lender whose rates and service beat any I found with the banks I’ve used previously. 100% would do business with her again and no hesitation to recommend her to friends and family.— Ben T.
Janet is a wonderful Realtor® to work with. She listed our home and it sold within 24 hours. She is very knowledgeable of the Knoxville area market and what homes are for sale and what has sold. She truly has your best interest in mind and will get the most for your listing.— Jan H.
Janet is the best! She is very experienced and knowledgeable always on top of every detail. Seriously, you in great hands with Janet as she works for you. I bought a home with her as my Realtor® 10 years ago, and I used her to buy a home recently, and she will be selling that first home. I can’t recommend her enough.— Joe E.
Janet is the best to work with! She has helped our family sell two different homes. She communicated with us constantly regarding the listings, the showings, feedback from showings, etc. Janet is such a hard worker and promptly answers calls and texts. She is great to work with! Highly recommended!— Heidi B.
Janet has worked with us on several transactions and she has been wonderful and very professional with them all. My favorite Janet story is from a friend we referred. They wanted to live in a certain neighborhood and there were no homes for sale! She made up a flyer and gave one to each homeowner in that neighborhood to see if anyone was interested in selling. There were and our friends got a home they love in the neighborhood they desired. Janet is a real go-getter.— Tupper B.
I have purchased two houses and sold one using Janet. She has been exceptionally attentive and response to anything I needed. Her knowledge of the area is fantastic, and she helped guide me to sound purchases both times. Highly recommend her!— Bob S.
Janet is a wonderful Realtor® with personal touch! Always getting right back to you with any questions. Listens to what you are looking for and delivers! One of the best Realtors® we ever had.— Brooke J.
Very professional. Detail oriented. Pleasure to work with. I would certainly use her services again.— Jane M.
We found Janet by looking on Zillow to see what price range of properties she was selling and had sold already. When we met she talked through her plan of how she would market our property and would present us with a Marketing Plan. This was comprehensive and well thought out. When the house went on the market we had a buyer in 3 weeks. Before we bought the house it was on the market for 18 months. During the contract stages, Janet was exceedingly helpful and pulled in various contractors and specialists to address points raised in the home inspection. She also advised on what we should push back on as unreasonable and what we should agree to. Even ...— Justin H.
It is my pleasure and gratitude that I share comments on my experience with Janet DeBusk Hensley in the listing and sales of my properties. I have lived in this area for many years have bought and sold a large number of properties worked with a number of Realtors®. I have never before encountered such a level of excellence and experience as I have with Janet. I am happy to give Janet my highest recommendation for anyone desiring to sell their property or buy one. Her in-depth know-how and the numerous professional and personal contact in her business places her in an enviable position from were she can take advantage of opportunities for her clients...— Wayne C.
Janet was extremely professional, well prepared, and executed a comprehensive marketing plan for us that resulted in getting 2 contracts on our home within 6 days of the listing date! She also followed up throughout the process to ensure a smooth transaction with inspection(s), appraisal, and closing. I would, without a doubt, recommend Janet 100% of the time to anyone that is looking for a Realtor® to help with buying or selling a home!— Jason B.
Janet was a great agent; she helped us navigate our relocation to Knoxville and buy a new home. She’s very knowledgeable of the area and gives great tips on location, things to look for and anything that might affect resale value. She’s also very aware of the fair market price. She is always on time and very responsive to emails and phone calls. I would highly recommend working with her.— Bob S.
Janet is amazing. She went way beyond what most Realtors® would do to sell our lake lot. She earned every penny of her commission. We would use her again and recommend her to anyone with a home or property.— Eric W.
Janet Hensley helped us greatly in a very difficult closing. She was very responsive and helped navigate through several issues so we could close on time. Truly a great Real Estate agent to have and know!— Peter F.
Very professional. Extremely knowledgable. Always available. Nothing but positive things to say about Janet. Would use her again and recommend her highly.— Janet L.
Janet is one of the very best Realtors® in East TN.— David E.
I work with Buyers & Sellers in all price brackets and believe I have a reputation for professionalism, integrity, and a commitment to placing the needs of my clients first.