Chattanooga Real Estate Blog

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Archive for August, 2007

This Weekend in Chattanooga

Posted in Just for Fun by Karen Rhodes on August 31st, 2007

Lots going on this Labor Day weekend

Aug. 6-Nov. 6
Alan Shuptrine Fine Art presents Copperplate Etchings by Stephen Scott Young (Gold Leaf Designs & Gallery, 2646 Broad Street, Chattanooga, Tennessee 37408)

Aug. 16-Aug. 31
Gold Leaf Designs & Gallery presents 19th, 20th and 21st Century American Art & Antiques (Gold Leaf Designs & Gallery, 2646 Broad Street Chattanooga, Tennessee 37408)

Aug. 31
Big River Grille & Brewing Works’ Souther Brewers Fest (featuring Randall Bramblett Band, Sterchi Brothers, The Dynamites and Pat McLaughlin

Aug. 31
Heath Hyche (Comedy Catch)

Aug. 31-Sept. 3
Labor Day Music Festival (Rock City)

Aug. 31-Sept. 1
Polk County Fair (Benton, TN.)

Sept. 1
Caney Creek Music Festival with Aaron Tippin (Crossville, TN.)

Sept. 1
Centennial Celebration (Sale Creek High School)

Sept. 1
Cookin’ on the Quarter (featuring David Lee Murphy, Buck and Duke, The Waybacks, Lou Wamp and the Dappled Grays, Tony Joe White, Leaving Miss Blue) (First Tennessee Pavilion)

Sept. 1
Siskin Children’s Institute’s StarNight with Hootie & the Blowfish (Chattanooga Convention Center)

Sept. 1
Swingfest (Coolidge Park)

Sept. 2
River City Antiques Show & Sale (The Chattanooga Market, 1826 Carter Street, Chattanooga, Tn 37408)

Sept. 3
Red Bank Community Labor Day Barbeque (Red Bank City Park - behind Erlanger North)



Chattanooga Mortgage Rates 8-31-07

Posted in Mortgage Info by Karen Rhodes on August 31st, 2007

Interest rates compliments of:

Owens Financial Group
Melanie Huddleston

1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

  Conventional Fixed Rate

30 yr  =  6.375%

20 yr = 6.25%

15 yr  =  6%

40 yr = 6.625

FHA and VA

30 yr  =  6.25%

ARMS

3/1 = 5.75%

5/1 = 5.875%

Rates subject to change

Amy Broghamer and Cincinnati Real Estate

Posted in ReviewMe Reviews by Karen Rhodes on August 28th, 2007

A great site for Cincinnati Homes is www.amybsells.com.  Amy Broghamer is a REALTOR® who specializesAmy Broghamer in working with buyers and sellers in the Cincinnati luxury real estate market.

I found the site to be easy to navigate and full of information on Amy, her team and her listings.  It’s a little wordy but if you haven’t already made your mind up to contract with Amy then I highly recommend you take a few minutes and read the “Buyers” or “Sellers” page as is appropriate in your situation.  Both of these pages are excellent resumes for Amy. 

The “Resource” page has some pretty good information. I love the fact that there are links to crime data.  One thing I did find missing was school information.  In my experience schools are very important to buyers.  Even in the luxury market where children will most likely attend private schools; information on those schools is useful.

I always like a direct link to a “home search” from the home page when I am looking at a real estate site.  I didn’t think it was there at first glance but when I scrolled down I did find it.  Just me being lazy

Overall www.amybsells.com is an excellent source for buyers and sellers in the Cincinnati area.

This is a paid review of www.amybsells.com from ReviewMe!



Chattanooga Mortgage Rates 8-24-07

Posted in Mortgage Info by Karen Rhodes on August 24th, 2007

Interest rates compliments of:

Owens Financial Group
Melanie Huddleston

1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

  Conventional Fixed Rate

30 yr  =  6.375%

20 yr = 6.25%

15 yr  =  6%

40 yr = 6.625

FHA and VA

30 yr  =  6.25%

ARMS

3/1 = 5.75%

5/1 = 5.875%

Rates subject to change



Still a Good Time to Buy in Chattanooga

Posted in Buyers, General Info by Karen Rhodes on August 13th, 2007

Unfortunately all we hear about is how bad the market is.  Everything isn’t terrible, in fact it’s a great time to be a buyer.sold house
A few reasons:

1.  Plenty to choose from

There are more homes on the market now than there has been in ages so you have a huge selection to choose from.

2.  Rates are still good

While rates have inched up a little they are still pretty good if you have decent credit. 

3.  Favorable negotiations can be had

Sellers are offering incentives to buyers, reducing prices, and leaving appliances.  I know of one seller in Chattanooga who is offering a 2008 automobile to the person who buys their home!



Chattanooga Lake Homes

Posted in General Real Estate Info by Karen Rhodes on August 11th, 2007
Drum roll please!

I am pleased to announce my new website is now live!  I’ve dedicated the site to living and playing on Chickamauga Lake.  The "Lake Resource" page includes marinas, sail up restaurants, TVA info and Tn Wildlife info.  If you know of a service on the lake that I have forgotten please let me know and I’ll get it added asap.

Without further ado I give you:

chattanoogalakehomes.com
 
 


July Residential Chattanooga MLS Stats

Posted in Chattanooga MLS Stats by Karen Rhodes on August 10th, 2007

Well, it’s that time again.  Time for the continuing saga of the Chattanooga real estate market.

Nothing new.  Sales continue to decrease (10% down from last month and 17% from July 2006) and available listings continue to increase (15% up from last July 2006).  Year to date we have about 9% fewer sales than last year. 

Category - Residential

Month

Year

Monthly Sales

Avg DOM

Curr Inventory

Months Inventory

January

2006

455

106.0

4270

9.38

February

2006

594

111.0

4374

7.36

March

2006

743

110.0

4467

6.01

April

2006

707

107.0

4692

6.64

May

2006

793

98.0

4812

6.07

June

2006

864

100.0

5010

5.80

July

2006

774

107.0

5125

6.62

           

January

2007

468

120.0

5152

11.01

February

2007

551

116.0

5404

9.81

March

2007

728

115.0

5513

7.57

April

2007

653

113.0

5676

8.69

May

2007

771

117.0

5722

7.42

June

2007

713

104.0

5825

8.17

July

2007

645

106.0

6023

9.34

 

Note:

The "Current Inventory" column reflects the number of active listings on the market
on the 1
st day of each Month.The "Months of Inventory" column is equal to
the "Current Inventory" divided by the "Monthly Sales". This reflects how many months
it would take to sell out of inventory at the current month
s rate of sale.



The Nigerians and Online Real Estate Scams

Posted in General Info by Karen Rhodes on August 8th, 2007

I guess they finally figured out people were getting smart about their old 419 scams so they are genigerian scamtting a little more creative. 

Renters and buyers often post phone numbers, instant messenger nicknames and e-mail addresses on forums along with specific descriptions of the kind of property they’re looking for.

This makes it easy for scammers to write proposals that will elicit further information, said Chris Boyd, security research manager for FaceTime Communications Inc., a security vendor.

Read the whole article here including links to some of the emails involved.  Amazing…

 



St. Elmo Hosts National Night Out

Posted in General Info by Karen Rhodes on August 7th, 2007

National Night Out is a a wonderful campaign that has been going on for 24 years to unite the public and the police against crime and drugs.  The NNO 2007 is tonight. 

The only community I am aware of locally who is participating is St. Elmo.   Pack a picnic dinner and take the family to the park in St. Elmo from 7 to 9.  In addition to meeting your neighbors and local law enforcement officers there will be balloons and activities for the kids.



Getting Ready for Heavy Rains

Posted in General Info, Home Maintenance by Karen Rhodes on August 6th, 2007

If you live in one of those climates who has to endure heavy rains and damage to your home, we can help you water proof your home so that you don’t have to worry when it rains. One of the first things that you should do is caulk any cracks or leaks around windows or doors that would otherwise let the rain in. This is something that should be done every year. Hot sun in the summer can cause caulking to crack so before the rainy season hits then you should make your rounds.

Make a check of the trees that are on your property and pick up all of the dead branches and if you see any dead branches hanging, remove them before a storm hits with wind and these branches fall off. Another source of water build up is in the roof gutters, every three or four months you should clean out the gutters, leaves and branches could clog up the gutters and the water build up could actually rot out the roof making it susceptible for collapse.

If you have a swimming pool, try to lower the water level so when it rains the rainwater won’t overflow the pool area and cause some flooding. You should also check your sewer traps and make sure they plugged with check valves. These check valves will lead the water in only one direction so the water flows away from your home rather than inside of it. When you know you are expected a very heavy rain, if you have an automatic sprinkler, try to remember to turn off them off so you don’t flood out your lawn.

If you have a sump pump you should make sure it is working and you should have on hand sandbags and sand just in case you need them. Depending on where you live, fire departments will provide sandbags and you can go to the local masonry and buy some sand.

Any little bit helps when you are trying to protect your home even if it is from rain. Rain may not seem like a big deal but it can certainly do a lot of damage if you are not prepared. 




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