Why is Everyone Selling Their House Right Now?

Understanding What Selling As-Is Means Selling a house as-is means the seller is offering the property without making repairs or upgrades, and generally without warranties on the condition. In today’s market around Chattanooga, this approach can work but comes with important drawbacks to consider. It’s not inherently a bad idea,

Understanding What It Means When Your Home Value Drops After Listing When you list your home and suspect or discover that its value has dropped afterward, this can be stressful and confusing. The term “home value” can refer to different things depending on the context: the listing price, recent appraisal

Understanding What Overpricing Means Overpricing a house means listing it for a sale price higher than what buyers are willing to pay based on local market conditions, comparable homes, and current demand. This often happens when sellers have high expectations about their home’s value or are not fully aligned with

What Causes Some Homes to Sell Quickly While Others Remain Unsold? When looking at the local real estate market, it can be puzzling to see some homes get snapped up fast while others linger for months without offers. The core reasons usually boil down to how well a home fits

What is driving sellers to reduce home prices? Sellers are slashing prices right now primarily because the real estate market is cooling down after a period of high demand and rising prices. Many homeowners who listed their homes expecting quick sales at top dollar are now facing longer market times

Direct answer: Is overpricing worse than pricing low? Overpricing a house generally causes more problems than pricing it low. While setting a lower price might reduce potential profit, overpricing can lead to longer time on the market and decreased buyer interest. This often results in a lower final sale price

Understanding What “Too Long” Means in Today’s Market There isn’t a one-size-fits-all answer to how long is too long for a house to sit on the market, especially in Chattanooga and surrounding areas. Generally, if a home has been listed for more than 60 to 90 days without serious offers,

Understanding What It Means When Your House Doesn’t Sell If your house doesn’t sell, it simply means there was no successful buyer transaction within the timeframe you expected. This can happen for various reasons including price, market conditions, property condition, or marketing issues. When you face this situation, it’s important

Deciding Whether to Sell Now or Wait Deciding whether to sell your house now or wait is a difficult choice with no one-size-fits-all answer. The local market, personal circumstances, and broader economic trends all play a role. Selling now can mean capitalizing on current demand and prices but might leave