Johnson City, TN Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

How much does a realtor make in TN? ›

Like every other city, living in Johnson City comes with its pros and cons. The good aspects of the city include its affordability, peaceful setting, lack of state income taxes, and low property taxes. On the other hand, there's the high sales tax, lack of high-paying jobs, and unavailability of big city conveniences.

Living in Johnson City offers residents a dense suburban feel and most residents rent their homes. In Johnson City there are a lot of parks. Many young professionals live in Johnson City and residents tend to be conservative. The public schools in Johnson City are highly rated.

The seller and the buyer both pay closing costs in Tennessee. In Tennessee, real estate transactions are usually closed by attorneys or title companies.

First is the total commission paid by the seller. In California, it ranges anywhere from 1-6% of the sales price. The standard is 5-6%, but for high-priced properties (i.e. $1+ million) the commission may be more like 4-5%. The amount is negotiated between the seller and listing agent before a contract is signed.

Before you fill out any paperwork, start saving up for your down payment. Most traditional home loans require 20% of the home's purchase price up front, while other types of mortgages, like an FHA loan, require much less.

While there is no legal requirement to retain an attorney to buy a house in Tennessee, it is nevertheless prudent. Buying a home is a huge investment and expense, and the process involves complex contract language and specific legal requirements that can benefit from a lawyer's involvement.

Traditional home loans typically require a 20% down payment of the purchase price, while FHA loans offer a lower down payment option, usually around 3.5% of the home price. You can reduce your monthly mortgage payments by saving up for a down payment upfront.

In Johnson City, your dollar stretches further. The cost of living is 10% lower than the national average, and housing costs are a whopping 18% below the U.S. average.

Is it expensive to live in Johnson City TN? ›

The cost of living in Johnson City, TN is 7% higher than the state average and 4% lower than the national average. Johnson City, TN housing is 1% cheaper than the U.S average, while utilities are about 10% less pricey.

Johnson City Demographics

White: 84.92% Black or African American: 5.98% Two or more races: 4.81% Asian: 2.23%

Johnson City

The city is known for its outdoor recreation, including its parts, water recreation, nearby fossil sites, and more. Johnson city stands out in just about every way a retiree could want. It has a low cost of living, including housing and healthcare costs that are lower than the national average.

Walk Score: 26

From Willow Springs Park to Johnson City Mall, there's something for every lifestyle. The downtown area is particularly walkable, with numerous restaurants, shops, and attractions. See Johnson City, TN homes for sale and apartments for rent.

Tennessee is home to over 55 active retirement communities, most of which are near bustling towns and cities. Franklin, Chattanooga, and Knoxville often rank among the best places to live in Tennessee for retirees. Tennessee has a low cost of living and natural beauty.

A career in real estate can be extremely lucrative, but it will take a lot of work and a bit of time to rise to the top-earning ranks. The good news is that Tennessee real estate professionals earn comparable—if not higher—salaries than in many other states.

If you want to become a real estate agent in Tennessee, the process is very simple, compared to many other states in the US. Your legal title will be “affiliate broker” and you'll just have to complete 90 hours of pre-licensing courses, pass the state exam, and select a brokerage to work with.

Being a successful real estate agent is easier said than done. After all, there's a reason 87% of real estate agents fail. However, knowing the mistakes these realtors make, such as failing to follow up with clients or not having adequate funding, can help you prepare and grow a successful real estate business.