As we move closer to the New Year, many homeowners and aspiring homeowners wonder what exactly 2021 has in store. No one could have predicted that 2020's pandemic would have such a dramatic, long-lasting impact on nearly every person, place, and industry around the world. One of the industries that has been surprisingly resilient in much of the United States is the real estate industry.
Real Estate in 2021: What to Expect
At Fletcher Bright Realty, our real estate agents are always keen to introduce clients like you to everything Chattanooga has to offer. From the delectable dining scene to the strong economy to the Tennessee Aquarium, it truly has something for everyone.
But one aspect to Chattanooga homes for sale is special: You won't find it by looking in our bustling downtown or checking your spacious backyard. It's our night sky, and plenty of pro and amateur stargazers spend their time enjoying it every season of the year.
While summer is the high time for stargazing, especially in the Northern Hemisphere, every month you can find plenty of places all around Chattanooga perfect for appreciating the night sky. Whether you want backcountry camping far away from city lights or would prefer the view from a world-class telescope, your opportunity awaits.
Let's take a closer look at five outstanding opportunities for stargazers:
The sky is the limit when it comes to real estate opportunities here in Chattanooga. To find out more about local homes with enough yard space to set up a telescope, contact us.
Calling Chattanooga home means that you'll always have another fun, local festival coming up on the calendar, and the fall season is certainly no exception. There are festivals planned around harvest time, events packed with local culture, and plenty of opportunities to explore all of the excitement that Chattanooga has to offer. Pleasant weather makes fall a great time to enjoy the outdoors, and spend time with your favorite people at local events. Our REALTORS® are ready for fall fun, and we've got the details on five great festivals coming to Chattanooga this fall.
Chattanooga Oktoberfest, 1801 Carter St., Chattanooga, TN 37408 - October 13
Chattanooga homes for sale make it easy to reach all of the fantastic festivals and events on our list, including Chattanooga Oktoberfest which takes place at the First Tennessee Pavilion. Visit Chattanooga's longest-running Oktoberfest event for a full weekend of great food, local brews, and German traditions. The festival features traditional German dining, more than 99 different craft brews, and live music throughout the weekend. This is a family-friendly Oktoberfest event, with attractions and fun for all ages.
Understanding an Appraisal
Q. Is a Comparative Market Analysis an appraisal?
A. Appraisals and Comparative Market Analysis are similar but have different purposes.
When a home is sold, the buyer's mortgage lender will order an appraisal of the 'subject' property. This is done to make sure the home is worth the amount being mortgaged.
A Comparative Market Analysis (CMA) is the tool used to determine a listing price for the subject property. It, too, compares the subject to several other recent sales and listings to arrive at an asking price for the home. The difference is that a CMA is a tool of the seller or the seller's agent, not the lender, and it is less detailed. Well-researched CMAs net list prices very close to appraised values, but lenders do not accept them as proof of the property's worth.
· Appraisers are licensed.
· The appraiser should be an objective party.
· The buyer assumes the cost of an appraisal.
· Appraisals are somewhat subjective; four different appraisers may arrive at four different property values.
Appraisal reports are quite detailed. A few major components are:
One of two methods generally used to appraise residential properties are:
construction. Building costs (present and known) are calculated to arrive at a replacement value for the subject home.