Things to Expect for Chattanooga TN Homes This Year
To follow up on our previous blog, here’s a few points for trends we’re seeing in Chattanooga TN homes that will most likely persist throughout the rest of 2014. As we stated, the recession is mostly over and things have bounced back, not to where they were during the peak days of the bubble but much better than a few years ago. As a result, homeowners have been able to be more selective with their buyers since the supply of Chattanooga TN homes isn’t keeping up with demand. With the market favoring sellers, competition among other home buyers and proper negotiation will be one of the primary factors in determining the difference between a successful transaction and missing out on a golden opportunity.
Buyers Still in the Market for Chattanooga TN Homes
There’s a couple of factors contributing to these current conditions. First, there are buyers on the market from 2013 who have still not committed. That overflow of buyers adds up to a small segment of “boomerang buyers” whose homes were unfairly foreclosed and are now back as buyers due to new FHA laws. Along with new buyers for 2014, these populaces add up to a small storm which in turn makes things harder than they may have been a few years ago when everyone was trying to sell. Buyer demands that may have worked in the past will almost certainly be less effective now, so be careful when asking the seller for too much.
Work With The Best
With Chattanooga TN homes rising in value, new mortgage laws restricting lenders, and a slew of other buyers to compete against, finding the perfect home can be difficult without proper representation. Call Nathan and Charlie Walldorf at (423) 544-7700 if you have any questions. We’re here to help you get the most out of your time and money, whether you’re a potential buyer trying to negotiate successfully or a seller looking to maximize the value of their home.