HOME SELLER GUIDE
Compare offers
Comparing offers by what you take home, not just price, with a net sheet for each one.
Step 6 of 8 · Home Seller Guide
LIVE FROM THE MLS
Search every home for sale in Sevier County
See what’s listed near you and what you’re up against. Live from the local MLS, updated all day.
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WILL SAYS
Compare offers by what you keep, not just the price. Ask for a net sheet for every offer.
What happens and why
Compare offers by net proceeds, not just price: loan type, earnest money, inspection period, closing date and who pays which costs. Ask for a net sheet for each one.
Good to know: Tennessee charges a transfer tax of 37 cents per $100 of the price when the deed is recorded, and state law puts it on the buyer. A new mortgage adds 11.5 cents per $100 of the loan, with the first $2,000 exempt. On a $300,000 purchase with a $270,000 loan, that works out to $1,110 plus $308.20. A contract can shift costs between buyer and seller, so read that part closely.
Do this now
- ☐ Ask for a net sheet for each offer.
- ☐ Compare loan type, earnest money, inspection period and closing date.
- ☐ Answer each offer before its deadline.
Will’s tip
Look hard at how strong the buyer’s financing is. A slightly lower offer with a full pre-approval and a short inspection period can be the better offer.
Smart questions to ask
- What will I net from each offer after payoff and costs?
- How strong is each buyer’s financing?
- What happens if the appraisal is low?
YOUR PATH
TALK TO WILL
Questions about this step?
Will Cupp has worked in real estate here for more than 30 years. One short call can save a lot of guesswork.
Thinking about selling?
Will Cupp can show you what similar homes really sold for and help you plan the timing.
Will Cupp, Realtor and Real Estate Broker, Realty Executives Associates. Mobile 865-654-9807. Office 865-983-0011.
This page is general information, not legal, tax or lending advice. Tax rates, permit rules and programs change; confirm details with the office named before you rely on them. Rental income is never guaranteed. Tennessee Real Estate Commission consumer information · Fair housing
SOURCES
Where these facts come from
Facts, rates and rules on this page were checked against the official sources below in October 2026. Rules and rates change, so confirm before you rely on them.
- Tennessee Residential Property Condition Exemption Notification (summary of the Disclosure Act)
- Tenn. Code Ann. 66-5-202, required disclosures or disclaimers (Justia)
- Tennessee Department of Revenue: recordation tax rates (transfer tax and mortgage tax)
- Tenn. Code Ann. 67-4-409, recordation tax, grantee pays the transfer tax (Justia)
- Sevier County Register of Deeds
