Tagged : home buyer RSS Feed

Found 9 blog entries tagged as "home buyer".

So you've decided to list your home and need someone to do the heavy lifting to get it sold? Maybe your family is growing or you're ready to downsize? Looking for the ideal space to call your first home? It's time to call a real estate professional! Choosing the right agent can seem like a daunting task, but we've put together a guide to help keep things simple.

Do I Really Need a Real Estate Agent?

Although you can list and sell your own home, there are many benefits to hiring an agent. A realtor is working in the local market every day, so their knowledge of current pricing trends is invaluable. This can ensure you make the highest profit possible on your home. They know what buyers are looking for and how to stage your home to grab the…

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It has been quite the whirlwind of a real estate market over the last few years here in Chattanooga, TN. We hit all time lows with interest rates as well as all time highs with home value increases. Homes were selling in less than 24 hours and with little to no contingencies. Throughout 2022 and 2023, we started to see that change a bit as the interest rates began to increase which changed a lot of people’s buying power. It has been all over the news and social media lately that interest rates are expected to drop in 2024 which would mean a lower mortgage payment for buyers. While you may be saying to yourself, “I’ll wait to buy a home when the interest rates drop,” we’re here to discuss why that may not be in your best interest. While we can’t…

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If you’ve kept up with the real estate market over the last few years, you’ve probably noticed it has been anything but what we would consider “normal.” Historically low interest rates, property values increasing exponentially, and houses selling within hours! In the last half of 2022, we saw an increase in interest rates which caused the market to shift a bit. 

We are currently still in a sellers market as there are still many buyers looking for a home and not enough sellers. While it is incredibly unlikely that we will see interest rates drop to 2% and 3% again, those low interest rates seem to still have an effect on our current market. Many people who purchased or refinanced in the last several years locked in the lower rates and now they…

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Over the past couple of years, interest rates on home loans have been historically low and you may have heard a lot of talk about how it was a great time to refinance your home. In today’s market, with interest rates rising, you may hear less about refinancing now and more about buying now and refinance later. If you are wondering, what does it mean to refinance and how will it help me later, we are here to help! 

What is refinancing?

Simply put, refinancing is changing your current loan terms. Common goals for refinancing are to lower one's fixed interest rate to reduce your monthly mortgage payments, change the duration of the loan, switch the type of loan you have, or cash out on your home equity. Many people recently refinanced their…

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There has never been a better time than now to list your home! The home inventory in Chattanooga and North Georgia is so low that homes are selling in just hours of being on the market. 

Choosing a Realtor is the most important step in the process, so if you’re thinking of listing your home, here are just a few questions to get you started: 

1. How many clients do you have right now? 

This question is worthwhile for two reasons. First of all, you want to know how much business your potential Realtor is doing. If they only have a couple couple of clients, you have to wonder why. But also if they are a mega agent with more clients than they can handle, will your home get the attention and effort that it needs? Make sure that there is a good balance…

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Story contributed by Lexi Carr

Time and time again, Chattanooga is rated one of the best places to live—and for good reason! Located comfortably between Nashville and Atlanta, Chattanooga is an excellent choice for those looking for the perfect balance between big city feel and small-town living. 

Although Chattanooga is known for its many outdoor opportunities, the city also has a reputation for being one of the country’s newest technology hubs. Dubbed “A Tornado of Innovation” by Barack Obama in 2015, Chattanooga continues to boom with more companies and talented individuals choosing to make the city their home.

If you are looking to move, consider the generous benefits—ranging from ideal scenery, fantastic neighborhoods, and tons of…

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Many people think that renting is less expensive than owning their own home. But as it turns out, it’s actually cheaper to pay a monthly mortgage payment than a month’s rent. 

According to a study done by the personal finance website GOBankingRates.com, the median monthly rent price for a single family home was $1,195, while the average mortgage payment was $934—a difference of $261! What could you do with an extra $261 a month?

Taking the leap from renting to buying a home is one of the biggest financial decisions a person can make, but mortgage rates are still historically low, making now a great time to buy. It’s also gratifying for homebuyers to see their mortgage going towards something that is theirs, as opposed to throwing away money…

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Buying a home can be stressful, especially if you’re a first-time home buyer. If you’ve been considering buying a home, now is a great time! To help you get ready for this big life decision, we’ve gathered some of the most important tips you should know before you buy: 

1. Start saving for a down payment early 

There are plenty of mortgage programs that offer as little as 3% down on a new home—but by putting less than 20 percent down, you’ll be losing a lot of money in the long run. If you borrow more than 80 percent of the value of your home, you normally have to pay for private mortgage insurance (PMI) to protect the lender. That PMI typically costs between .5-1 percent of the loan amount, which may not sound like much, but if if your loan balance…

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Buying or selling a home is one of the most important financial decisions you’ll ever make, and the real estate agent you choose to help you is going to make all the difference! But with a market flooded with Realtor and real estate agent options, how do you choose? Here are the most important boxes to check in the process: 

1. Make sure the agent is full-time, not one who does real estate part time on the side

You want to choose an agent that is fully invested in their business, and therefore, you! Someone who does real estate on the side is not going to be fully committed to working for you and will instead have other things—like their full-time gig—taking priority. 

2.  Avoid hiring a relative

It can get a little personal when you mix…

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