by Julia Odom, the Chattanooga Real Estate Bloggess
Many new home buyers are cash poor which limits them to a precious few options when it comes to financing. FHA with its (slightly) lower down payment is truly the go-to loan product right now, in many cases even for those with cash to spare . If you can scare up a few more dollars… Read More
Pocket doors & clawfoot tubs & transom lights, OH MY! Crye Leike is scheduled to auction the former home of Lula Adeline Rackley at 862 Oak St. Chattanooga, TN 37403 (smack dab in the middle of the Fort Wood historic district) on February 11, 2010 at 5pm. For its age and lack of updating, the… Read More
New FHA rules being implemented soon mean that FHA buyers need to act now or be prepared for more out of pocket dollars!
OK, so I’m not going to get into the whole ‘I’m-a-taxpayer-so-it-isn’t-really-free’ debate. The fact of the matter is that this is the closest to a free ride that you’re ever going to find. What are you talking about, Jules? Why, the Homebuyer Tax Credit, of course! Time is running out to take advantage of this… Read More
I work with first time home buyers quite often and most are intimidated (to say the least) by the home buying process. Here’s a little secret: it’s really not that hard. Do your homework beforehand, choose a Realtor (like me!) and a lender you can trust and then, barring something strange happening, you’ll likely go… Read More
Click here for part I of this series Done with steps 1-5? Are you ready to actually start looking for your new home? Nope, not yet, false alarm. 6. Start thinking about what type of loan programs you might qualify for. Are you a veteran? First time home buyer? Are you flat busted broke or… Read More
Haven’t read part I or part II? Clickity clack on over to see those first. OK, so you’ve found the house of your dreams, you’re pre-approved for a mortgage, you have a good Realtor (like me!) on your side. What’s next? 11. Writing the offer. This step really deserves its own post or three (which it… Read More
Check out Part I, Part II & Part III if you haven’t already. You have a binding agreement, you’ve done your inspections and either re-negotiated the contract or decided to live with the house, warts and all. What’s next on the agenda? 16. Pay for your appraisal. Your lender or another third party will order… Read More
Hey Jules! I’ve come to the party late, where’s the previous thrilling installment? Glad you asked. Right here. You’ve picked out your title company, insurance company and you’ve stayed on top of the process. Now what? 21. Schedule your closing. Eeeek, we’re getting close now (no pun intended). Your contract will specify a closing date…. Read More
What goes into an offer? The terms are more than just price even though price is obviously a big factor. Some of the things you also need to think about: contingencies, possession, & closing costs. Contingencies Generally, the fewer contingencies you include in an offer, the more likely the seller is to accept your offer… Read More
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