"Discover Your Dream Home in Chattanooga: Unveiling the Hidden Gems of Tennessee Living"
Welcome to the scenic and vibrant city of Chattanooga, Tennessee! Nestled amidst the picturesque landscapes of the Tennessee Valley, Chattanooga is not just a city; it's a lifestyle. In this blog post, we'll explore some of the finest homes and neighborhoods in Chattanooga, showcasing the diverse real estate options that make this city a haven for both residents and newcomers.
North Shore: Where Community Meets Convenience
The North Shore district is a charming blend of historic homes, trendy boutiques, and a thriving community atmosphere. Whether you're looking for a cozy cottage or a modern townhouse, North Shore has it all. With the Tennessee River as your backdrop and the Walnut Street Bridge just a stroll away, North Shore effortlessly combines convenience with a touch of urban sophistication.
Lookout Mountain: Living on the Edge of Nature
Imagine waking up to breathtaking views of the Tennessee Valley every day. Lookout Mountain offers a unique blend of upscale living and natural beauty. This residential haven is renowned for its luxurious estates, each designed to capture the essence of mountain living without compromising on modern comforts. It's the perfect choice for those who seek tranquility without sacrificing accessibility.
St. Elmo: Historic Charm and Modern Living
Steeped in history, the St. Elmo neighborhood boasts Victorian architecture, tree-lined streets, and a strong sense of community. This district effortlessly marries the charm of the past with modern conveniences, making it an ideal location for those who appreciate a touch of nostalgia in their everyday lives.
Downtown Living: Embracing the Urban Lifestyle
Chattanooga's downtown area is a thriving hub of activity, with an eclectic mix of condos, lofts, and apartments. Living in the heart of the city means having easy access to renowned restaurants, cultural attractions, and the vibrant Riverfront. Dive into the urban lifestyle while enjoying the close-knit community that downtown Chattanooga offers.
Signal Mountain: Elevated Living at Its Finest
For those seeking an elevated lifestyle, both figuratively and literally, Signal Mountain is the pinnacle of refined living. This residential gem offers exclusive properties with panoramic views, top-notch schools, and a strong sense of community. Discover why Signal Mountain is a coveted destination for those who appreciate the finer things in life.
Conclusion: Chattanooga, Tennessee, is a city that effortlessly combines natural beauty, historic charm, and modern living. Whether you're drawn to the urban energy of downtown or the tranquility of Lookout Mountain, Chattanooga has the perfect home for you. Let us be your guide in finding your dream home in this vibrant city, where every neighborhood tells a unique story and every street is a pathway to a life well-lived. Explore the real estate opportunities that await you in Chattanooga, and embark on a journey to a new chapter of your life in the heart of Tennessee.
Dustin Sherlin | Realty ONE Group Experts | Broker, Owner
The real estate market is in an unusual position right now. Let me explain.
First off, mortgages are once again incredibly low.
After increasing for much of last year, mortgages started dropping last November. And they've kept dropping, up to and including the present. The current 30-year fixed-mortgage rate stands at 3.49%, just 0.18% over the all-time historic low.
Second, home prices are rising again. This July, home prices rose 3.6% over the previous year.
However, we are also seeing fewer bidding wars. Just 10% of listed homes wound up in a bidding war this August, compared with 42% last year.
Finally, existing home sales are barely holding steady.Home sales dropped in every month for the past year and a half, but were slightly higher this July.
So you can see why it's an unusual position right now. Mortgage rates are incredibly low, making homes more affordable. And yet homes sales aren't taking off. Prices are increasing, but this isn't being driven by heated bidding wars.
So what's going on?
Well, it’s partially due to overall economic uncertainty. The stock market recently experienced several big swings, and this has pushed mortgage rates down while keeping some buyers on the sidelines.
But a much more important cause is likely to be the severe shortage of homes on the market.
Last autumn, we finally saw an increase in the supply of homes for sale. However, with the ongoing drop in interest rates, more demand soon overwhelmed the increase in supply.
Housing inventory was near all-time record lows in early summer, and this explains the low number of home sales.
So what does this all mean for you?
Well, if you've been considering selling your home, then I think right now is the moment to act, for two simple reasons.
First, the current low mortgage rates are making homes very affordable to buyers. But this could change at any time. The mortgage rate could start swinging upwards, just like it did last year.
Second, home prices are at very healthy levels right now. That's largely due to the lack of inventory. But if mortgage rates start increasing, this too could change quickly.
The upshot is that if you list your home now, chances are good that you can sell it quickly and for a top price. Wait a few months, and the situation might change dramatically.
In case you'd like to see what your home is currently worth, take a look at this home value calculator, which takes into account recent Cleveland sales:
And if you are thinking about selling, give me a call at 423-896-6000. I've been talking to a lot of buyers around Cleveland, and I can give you my advice on how to best position and price your home in the current unusual market.
If you have any other questions about what you should ask your agent before hiring them or you have any other real estate needs, don’t hesitate to call or email us anytime. We’d love to speak with you.
You may think that your house is ready to go on the market as-is, but little things you would not expect can end up being big deal-breakers for buyers. This is why today I want to take a look at three silly things that could sabotage your home sale if you don’t fix them:
1. A messy lawn. Buyers likely won’t forgive a messy lawn. Your home may even stand out if a buyer sees you making an effort to clean it up while your neighbor’s yard is still 15 inches deep in leaves.
2. Animals. While buyers may not mind if animals live in the home that they are considering purchasing, they don’t want to see or smell any evidence of them.
3. Cords hanging from a mounted TV. Do not be surprised if a potential buyer’s eyes go straight to the dangling cords as they walk in. At that point, they’re going to wonder why you did not take the extra steps to hide those cords.
If you have any additional questions, please feel free to contact me. And, if you are thinking of selling your home, please call or email anytime. I would be happy to help.
The Differences Between a Homeowner Sale and a Bank Foreclosure
Today I want to talk about the difference between a homeowner sale and a bank foreclosure.
There actually is not much difference. However, there is an emotional side to a homeowner sale, while banks have a strategy behind how they liquidate the property for foreclosures.
Banks work with appraisers and brokers for opinions on price before they put the home on the market. They also check for any condition issues to reflect that in the price just like a homeowner would.
The only big difference is that banks want to compete in the market, so they will have a strategy to do that. They also make price reductions on a more regular basis because they may have a bottom line that they have to meet to pay off a mortgage.
Writing an offer on a bank foreclosure versus an offer for a homeowner sale is still the same. The offer will still have to be presented to the seller, whether that’s bank or the homeowner themselves, and then negotiated out like any other contract is.
Do not be afraid of bank foreclosures. There are a lot of stories about whether they are harder to deal with, easier to deal with, or if you can get a great deal on a property. That all depends on if the bank has rehabbed the property and got it ready to sell or if it has bigger issues like any home could.
All in all, bank foreclosures are still good properties to buy. You just have to make sure, as with any other property, that you get a home inspection completed first.
If you have any additional questions or are interested in buying or selling, please feel free to reach out to me. I look forward to speaking with you soon.