Q: Are Homes Still Flying Off the Market This Summer?

Despite the pandemic, homes are still flying off the market.

You may have heard doom and gloom about our real estate market lately, but the reality is, homes are still selling like hotcakes.  

Despite the COVID-19 outbreak, over the past three months, pending sales have increased 6% compared to last year, and last year’s market was busy enough. The biggest issue is the number of homes for sale. Typically, we have anywhere from 5,000 to 6,000 available listings at any given time, but right now there are only 1,500 homes for sale. That’s a 20% drop year over year, and one of the lowest inventory levels I’ve ever seen. Homes are also averaging between 30 and 40 days on the market. 


There’s never been a better time to get top dollar for your home.


What’s especially interesting, though—if you’re thinking about selling—is that the median sales price has skyrocketed. In May 2018, the median sale price was $185,000. In May of this year, it was $221,000—a $40,000 increase in just two years! There’s never been a better time to get top dollar for your home.

If you’d like to know what’s happening in your local area before listing, we’d be happy to come out to your home and tell you exactly what it could sell for. Just send me an email or call my team directly.

As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.
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Location: Chattanooga, TN, USA

Q: What Are the 6 Things Every Homebuyer Should Consider?

These are the six tips every homebuyer should keep in mind.

Here are the six things that every homebuyer needs to consider during their search:

1. Location, location, location. It’s no joke. Where you buy your home is as important as anything. Make sure the location is good before you make an offer.

2. Don’t buy your forever home first. Try out a starter home, find out what you like and don’t like, then use the equity you build up in that home to buy your dream home next.

3. Buy in moderation. Just because you’re approved by a lender for a certain purchase price doesn’t mean that you have to hit that max. There are going to be other costs, like insurance and closing costs, that you’ll need to have some money saved up for. Don’t spend it all just on the house.


Just because you’re approved for a certain purchase price doesn’t mean you have to hit the limit.

4. Don’t wait until spring. If you’re ready to buy this fall or winter, there will be some great bargains out there in the market.

5. Be open to areas outside of town. If you’re willing to live out in the country a bit or over in the North Georgia area, you might be able to get more house for your money.

6. Find out your buying style. If you’re looking for trendy things, what’s going to happen when you’re tired of that trend? Think about a home in terms of if you’ll still be happy with it five years down the road.

If you want more tips about how to buy a home successfully, reach out to one of our great buyer specialists. If you have any other questions for me or my team, don’t hesitate to reach out via phone or email. I look forward to hearing from you.
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