This Article Is About The Top Reasons To Buying A Home In Tennessee For Home Buyers
Many residents of high taxed states are making Tennessee their home.
- A large percentage of New York residents are moving to Tennessee
- Tennessee is attracting many homebuyers from high tax states such as New York, Illinois, New Jersey, California, and countless other states
- The state is always ranked in the top 5 Best Places To Live in many real estate publications
- The whole state has a beautiful landscape with its Southern atmosphere, great hospitality, amenities, and most importantly, the state has no state income taxes
- Tennessee is one of the 9 states in the U.S. where there are no state income taxes
- There are weekly, monthly, and annual festivals throughout the state
- Many fall in love with the state’s rolling hills, and the beautiful landscape of the state
Top Reasons To Buying A Home In Tennessee Is Due To Housing Prices
Home prices in Tennessee have been rising for the past three years. However, home prices are still very reasonable in all counties throughout the state:
Top Reasons To Buying A Home In Tennessee Is Due To The Great Economy
The state of Tennessee has a solid economy.
- The state is profitable
- Tennessee is one of the 9 states in the United States where there are no state income taxes
- Residents relocating to Tennessee from high-taxed states will not regret making this state home
- Over 65% of the population in the state has a bachelor’s degree
- The average income for a Tennessee wage earner is documented at $87,750 annually
The cost of living is 4.0% lower than the national average.
Top Reasons To Buying A Home In Tennessee Is Due To No Income Taxes
The state of Tennessee is one of the 9 states in the U.S. where there are no state income taxes. However, sales taxes are higher than the median sales tax in the nation.
What New Residents Say About Tennessee After Moving There
Gustan Cho Associates Mortgage Group is a national lender licensed in multiple states.
- Many of our clients are leaving high-taxed states to the Great State of Tennessee
This is what one of our borrowers who recently closed on their home said about making Tennessee their new home:
Another homebuyer who recently closed on their home in Tennessee said the following:
Qualifying For A Mortgage In Tennessee
Gustan Cho Associates is a direct lender with no lender overlays on government and conventional loans. We are also experts on Non-QM Mortgages. We are licensed and bonded in Tennessee and multiple states:
If you’d like more information about qualifying for a mortgage in Tennessee, or you are thinking of relocating, contact us at Gustan Cho Associates at 800-900-8569 or text us for faster response. Or email us at gcho@gustancho.com. The Team at Gustan Cho Associates Mortgage Group looks forward to hearing from you and working with you!
November 5, 2020 - 3 min read