Archive for the ‘Signal Mountain Home for Sale’ Category

Signal Mountain Home for Sale – Are You Obsessing?

Tuesday, March 16th, 2010

The national real estate market, state markets and city markets all seemed to be wrapped up in a nifty bundle that effect whether your Signal Mountian home for sale will have a buyer. With the news reports over the last two years about the pop of the housing bubble, homeowners everywhere essentially lost their minds.

Here are a few examples:

  • Some homeowners panicked and immediately put their houses up for sale
  • Some homeowners chose to walk away from it all, leaving their homes vacant and mortgages in default
  • Some homeowners went into a flurry of home renovations, with the idea of selling
  • National and Signal Mountain home for sale listings shot through the roof

The amazing thing isn’t that the real estate market seems to be stabilizing – that’s not the miracle. The miracle is that we still even have a real estate market at all.

Obsessing Over the Sale

This year opened up with a lot of homes on the market, but it also opened with a lot of sellers digging into real estate news. They’ve started obsessing; they’ve started pouring over online real estate digests, articles and blogs. In fact, the traffic for this site alone has jumped tremendously.

While it’s understandable that you, as the seller, want to know what your chances are for selling your home, obsessing is bad for business. Especially if you’re dealing with potential buyers in person, your eagerness to sell can show in very bad ways. You might end up selling the home for way less than you could have – or you might not sell your home at all if they sense desperation.

If you’re obsessing over whether your home will sell or not, stop. Take a deep breath. Relax. Even if you’re in a hurry, taking a short break from worry can help clear your mind and leave it open for better ideas.

It may be hard to remember sometimes, and giving trust is always difficult, but that’s what we’re here for. You hired your real estate agent to take care of your Signal Mountain home for sale and get it off the market. We do the research on the market and we have the experience.  In other words, we do the worrying for you!

If you’d like to sell your home, I can help. Call me at 423-488-1882 or email me at travis@travisclosehomes.com for more information.

Keyword/Tag:  Signal Mountain home for sale

Homeowners chose to walk away

http://articles.sfgate.com/2008-03-16/news/17166894_1_foreclosure-process-subprime-home-values-tumble

A lot of homes on the market

http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-foreclose_21bus.ART0.State.Edition1.3cfbcf0.html

Taking a short break from worry

http://www.caringtoday.com/reduce-stress/break-free-from-worry

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2010 Forecasts for National and Signal Mountain Real Estate Are In!

Tuesday, March 16th, 2010

From national and Signal Mountain real estate to the U.S. economy, the predictions for 2010 are in.  Like any predictions, they vary from somewhat bright and cheery to doom and gloom:

CNBC’s Realty Check predicts:

  • the beginning of a housing market recovery mid-year
  • higher foreclosure inventory
  • rising mortgage rates, probably leveling off around six percent.
  • suffering commercial real estate

The National Association of REALTORS®’ (NAR) chief economist is projecting:

  • A sustainable recovery.  The tax credit expansion will help to relieve extra housing supply through mid-2010.
  • A rise in existing home sales.  The NAR is expecting existing home sales to rise as high as 5.69 million, even with continuing unemployment issues.  That’s a 13.6 percent increase.

In fact, the U.S. forecasts for national and Signal Mountain real estate are overall positive for 2010.

Housing Predictor, one of the first places to predict the wave of foreclosures, also forecasts positive numbers for 2010.  They anticipate rising home sales, market improvement and even value appreciation for some places. Again, the magic period for the start of stabilization is the middle of the year.

Although no one knows for certain what will happen in the future – especially for such struggling sectors as national and Signal Mountain real estate – we can all gain a little hope from the 2010 forecasts. There is one thing that is fairly well agreed upon according to these predictions:  there will be a real estate recovery in 2010.

If you’re struggling to sell your home, I can help. Call me at 423-488-1882 or email me at travis@travisclosehomes.com for more information.

Keyword/Tag:  Signal Mountain real estate

Links:

Realty Check

http://www.cnbc.com/id/34110130

Existing home sales

http://www.realtor.org/press_room/news_releases/2009/11/hopeful_leading

Housing Predictor

http://www.housingpredictor.com/better.html

=MsoNo< ig@</yle=’font-size:12.0pt;font-family:”Times New Roman”,”serif”; mso-bidi-font-family:Calibri’>http://articles.moneycentral.msn.com/CollegeAndFamily/MoneyInYour20s/9waysToBuildAKillerCreditScore.aspx

Improve your credit score:

http://www.myfico.com/CreditEducation/ImproveYourScore.aspx

Credit-to-debt ratio:

http://michaelbluejay.com/house/debt-ratio.html

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National and Signal Mountain Real Estate Gets a Makeover

Thursday, January 7th, 2010

When home values started dropping in 2007, a lot of homeowners panicked and immediately began putting their houses on the national and Signal Mountain real estate markets. The supply of homes for sale rose to a staggering amount and prices dropped lower, fueling more homeowners to “get out while they still could.”  However, as 2009 rolled to a close, a new trend that may mean a calming of the panicked markets began.

 

Meet the Nesters

 

During the real estate boom, house flippers popped up from everywhere. In fact, flipping houses became such a big industry that cable channel A&E began producing “Flip This House” for those who wanted to try it themselves. Houses had become financial investments, a way to build equity or even immediate cash. However, as prices dropped for national and Signal Mountain real estate, investors found their investments failing.

 

So, if you can’t build equity, you can’t invest and you can’t flip homes, what good are they? Ask the “nesters,” who’ve decided that a home is something to hold on to and a good investment anyway.

 

2009 showed a 20% increase in the first three quarters for home construction according to NAHB (National Association of Home Builders), and another 8.7% increase in the last quarter of the year. The amount spent on remodeling in 2009 hit $114 billion by October. What are these nesters doing?

 

While some paying for remodeling are trying to raise the quality of their home to sell it, most are fixing it up to live in. Most people move to get more space, but these nesters would rather expand the place they live in than buy a new home. As well, many contractors believe the number of home improvement bids have gone up thanks to the $1,500 energy tax credit for raising the energy efficiency of a home.

 

Whatever the reason, the rise in nesters may mean an evening out of the housing supply. Although the national and Signal Mountain real estate markets may not stabilize immediately, a drop in the number of homes hitting those markets could make all the difference in a housing recovery.

 

If you’re looking for a beautifully remodeled home, I can help. Call me at 423-488-1882 or email me at travis@travisclosehomes.com for more information.

 

Keyword/Tag:  Signal Mountain real estate

 

Links:

Flip This House

http://www.aetv.com/flipthishouse/

 

National Association of Home Builders

http://www.nahb.org/reference_list.aspx?sectionID=134

 

$1,500 energy tax credit

http://www.energy.gov/taxbreaks.htm

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The Clock is Ticking on that Home for Sale on Signal Mountain – Again

Thursday, January 7th, 2010

Once again, the clock is ticking for first-time home buyers to get a home for sale on Signal Mountain before the tax credit runs out. Extended in November, 2009, the first-time buyers’ tax credit is set to expire in April, 2010, and there are no plans for another extension.

 

What does this mean for you? If you’re a home seller, it’s time to look over your home for sale on Signal Mountain, make sure all your t’s are crossed, i’s are dotted and that you’ve done everything you can to put your home at the front of the buying line. If you’re a first-time or repeat buyer hoping to take advantage of the credit, it’s time to start looking for your new home; the binding sales contract has to be signed by April 30, 2010.

 

Making the Buying Process Easier

Many times, the buying process can take forever.  Red tape, failing negotiations and more has caused several possible sales to fall through. So, what can you do to make the buying process easier? Here are a few tips:

 

  1. Find out if you qualify for the first-time or repeat buyer tax credit. The home buyer requirements are many.  If you can’t afford to buy a home without the tax credit, make sure you qualify.

 

  1. Shop for lenders before hand. Choosing a mortgage lender can be a lengthy process, so finding one you want to use before you start looking for a home will cut down on the time it takes to buy the house.

 

  1. Get pre-approved. Getting pre-qualified is the first step in the loan process, but it’s based on an estimate, not verified facts. By getting pre-approved for a mortgage, you know exactly how much you qualify for, and how much house you can afford. Because this is a large part of the buying process, once you’re pre-approved, the lender can expedite the rest of the deal for a quicker closing.

 

  1. Negotiate wisely. Remember that you’re on a time-line and try not to let negotiations with the seller turn into a contest of wills. Yes, negotiate, but make sure your counteroffer on the home is realistic.

 

Buying a great home for sale on Signal Mountain before the tax credit expires is definitely possible, even with only four months to go.  Following the tips outlined above can make the sale go as smoothly and quickly as possible.

 

Have questions about the home buyer tax credit?  I can help. Call me now at 423-488-1882 or email me at tclose@realtycenter.com .

 

Keyword/Tag:  Signal Mountain Home for sale

 

Links:

Home buyer requirements

http://www.federalhousingtaxcredit.com/faq1.php#11

 

Getting pre-approved for a mortgage

http://mortgage-x.com/library/pre-approval.htm

 

Counteroffer on the home

http://www.dcu.org/streetwise/homes/hbg-negotiate.html

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