by Julia Odom, the Chattanooga Real Estate Bloggess
WITHOUT setting the thermostat on 58 this winter or 78 this summer (who makes up those tips, anyway)? Sadly, most of the tax credits for energy efficient improvements have gone the way of the dinosaur. Luckily Chattanooga’s electric company, EPB, is taking up some of the slack. Right now and for the forseeable future, EPB… Read More
If you’d prefer to listen to this post instead of reading it, click to be taken to the podcast: Earnest Money for HUD Homes Coming up with an earnest money amount is usually a matter of negotiation when you are buying a home. You offer the seller $7.47 and they ask for $12,500.00. You want… Read More
A while back I wrote several posts about the HUD home buying process. HUD did an overhaul of the way they do business and some of those points are no longer valid. Most of the changes aren’t anything that the typical buyer would even notice but some things are a good bit different. Bid periods… Read More
This is the 2nd thrilling installment of “Everything you ever needed to know about buying a HUD house in Chattanooga but were afraid to ask.” Part One can be found here. One of the things that usually befuddles HUD buyers is the repair escrow. In a HUD listing you’ll often (but not always) see the… Read More
UPDATE: Under contract within 10 days – I told you it was a steal! Diagonally across from Tennessee Temple’s athletic fields, this home has a great location, is totally updated and move in ready with a cook’s kitchen for the low, low price of only $87,500. That, my friends, is a steal. Because HUD likes… Read More
One of the advantages of buying a HUD house with FHA financing is that you don’t have to get an appraisal. HUD’s already taken care of that for you and very graciously agreed to sell the house at exactly that price. So you won’t need to worry so much about the difference between an appraisal… Read More
What, what, WHAAAT? There are unmentionables in home ownership, Jules? How could that possible be? One of the pitfalls into the money pit that CAN be historic homeownership is the sewer line, the mother of all yucky stuff. Anyone who knows me knows that I LURRVE old houses. Along with that love comes a price… Read More
With foreclosures and other ‘distressed’ sales abounding these days you see a lot of listings with two little bitty words: AS IS So what does AS IS mean, Jules? It means that the seller doesn’t want to hear you (or actually me, your agent) whine about all the little things that are wrong with the… Read More
Should you buy a house that needs repairs? Short answer: No Long answer: It depends Longer than you want to hear answer: I often work with buyers who are seduced by the siren song of the house that needs a lot of work. ‘Lot of work’ means different things to different people. A couple of… Read More
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