Your Window to Real Estate Blog

Thursday, February 4, 2021   /   by Randy Durham

What is the difference between short sales, foreclosures, REOs, and traditional sales?

Traditional sale
This is usually the most common type of sale, and the least complicated.  Let’s say that the owner of a home wants to put his home up for sale for whatever reason. They may be going through a divorce, relocating, upsizing, downsizing, the neighbors built an ugly fountain in the yard and they’re sick of looking at it…or simply because they want to. The reason doesn’t matter. All that matters is they want to move. As a buyer who wants that house, you are most likely going to be getting a conventional or government-backed loan such as FHA, VA, USDA, or a state-specific loan like THDA or GA Dream. If this is the case, then your chances are very high that you will be involved in this type of sale. A traditional sale happens when you buy or sell your home with a realtor or on your own. As a side note, buyer agents work for sale by owners all the time. They are not limited to showing you homes on their MLS that are listed with other agents. ...

  buyers

Tuesday, January 12, 2021   /   by Randy Durham

How to Deal with Negative Showing Feedback

It's my job to oversee marketing activities for hundreds of residential listings. In the past, our team even specialized in expired and distressed properties. When the market was slower, combing through showing feedback was a crucial part of revamping their marketing strategies and still is relevant today even in a faster-paced market. In real estate, great photography is your friend. Photographers can lift shadows to show the entire shot a room to highlight desired features like open floor plans, shiny hardwood floors, and decorative touches. However, they can't photoshop things like dated wallpaper or poor upkeep, or a truckload clutter with no place to hide it. Think of this process like seeing a great pair of pants on the rack and then realizing the pants give you a muffin top when you got to the dressing room. If pictures lead a buyer to be interested in your home, a showing is like trying a house on for size. Sometimes, images and virtual tours are only one of the key features th! ...

  seller tips

Tuesday, January 12, 2021   /   by Randy Durham

First Time Home Buyer's Guide

Do you want to be a homeowner? A good rule is that you will be staying in the same place for at least five years, you will have enough money for maintenance that happens down the road, you have enough money for a down payment, closing costs, and other fees that come up during closing. You also have to factor in things like property taxes and Private Mortgage insurance. Another question. Do you hate maintenance? When you rent and you have a leak in your roof you can pick up the phone and call your landlord. The landlord sends out a professional roofer to fix the leak and he foots the bill. Your landlord will usually cover structural maintenance. As a homeowner, you are responsible for the cost of professional maintenance. You may have to get your hands dirty with some DIY fixes. Your landlord also pays your property taxes. There are several advantages to renting vs buying. If you plan on staying in one place for at least five years and have enough savings to cover the costs of purchas; ...
Real Estate Partners Chattanooga LLC
Randy Durham
525 W Main Street
Chattanooga, TN 37402
Randy Durham


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