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
No matter how carefully you examine a home during an open house or private viewing, there will be aspects of a home that a professional home inspector will be needed to identify. While a home inspection isn't always mandatory, getting a home professionally inspected will help you determine whether the house you have your eye on is truly ready for you to move in.
Home inspectors must be licensed in Tennessee and in many other states. It takes specialized training to identify various home building materials, learn current building codes, and spot specific signs of damage or deterioration. Our real estate agents want you to know what to expect when home inspectors are looking at Chattanooga homes for sale.
A Look Around
House hunting is an exciting but stressful exercise. You're looking for a home you'll fall in love with, but also one that comes closest to your needs, in terms of location, size, and cost. Along with the excitement come concerns about going over budget and other pitfalls.
As you search for Chattanooga homes for sale, you need a strategy. To get you started, here are several things you should do before you get serious about house hunting.
You've done your homework. You've been pre-approved. Now, you want to be one of this year's 5 million homebuyers. Finding your dream home takes patience, research, and a little luck. Whether you buy the first or 50th home you view, use the list below crafted by our REALTORS® to help determine that the search is over, and you've found the home of your dreams.
Closing costs are inevitable when you purchase Chattanooga homes for sale. It is essential to include these in your accounting when choosing your home. Knowing what these fees are, and how much they will cost, will protect you from "sticker shock" during the closing process. When closing on a home, be aware of these potential closing costs you may run into.
Judge Judy has mediated many a dispute between neighbors who have quarreled over the location of property lines. Fortunately, determining accurate boundaries doesn't have to be that dramatic. Use these helpful methods to find the correct property lines of Chattanooga homes for sale.
The process of buying a home starts long before you start looking at listings. It starts when you begin building credit. The ways you spend money and the debts you carry will have a significant impact on your credit. Our REALTORS® are here to help you understand the "Five C's" of credit and what lenders are looking for when you're buying a home.
Whether you're buying or selling a home, the neighborhood where that home is located should always be one of the most important considerations. A strong school district, attractions, parks, shopping, and employment options nearby can all make a neighborhood a more desirable place to call home. When a neighborhood becomes more attractive to a wide range of potential residents, real estate values in the area tend to go up. Museums, in particular, can help add significant value to nearby properties, and the Hunter Museum of American Art in Chattanooga is a great example of the concept in action. Our REALTORS® have more on how museums add value to neighborhoods, and what you can expect at Chattanooga's Hunter Museum.
When the world-famous Guggenheim Museum opened in Bilbao, Spain in 1997, the city was well-known, but not yet an iconic international destination for the arts. The museum quickly changed that, turning Bilbao into one of the hottest arts and culture destinations in the world, which lead to a massive increase in real estate values. This effect can be seen to varying extents whenever a popular museum opens, proving that museums can add value to a neighborhood in a variety of different ways.
If you're looking to buy your first home, then look no further than Chattanooga homes for sale. Buying a new home is a big decision, and there's quite a lot to consider – mainly can you afford a new home? If the answer is an unequivocal "yes," then you can afford to buy a home in Chattanooga. Here's how.