Chattanooga Real Estate Bloghttp://www.chattanoogapropertiesonline.com/blogChattanooga TN real estate market news provided by Keller Williams RealtyTue, 12 Jul 2011 14:49:00 GMTShould I Buy a Home Now?I’m often asked if this is a good time to buy a home.  Some clients are concerned that home prices may fall further than they have already.  They are assuming that the best course of action is to wait for the bottom in the market and then buy.  The problem with this approach is that you don’t know where the bottom is until you see it in the rear view mirror, meaning until you’ve missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability.  Even though interest rates have gone up in the last six months, they are still near historic lows.  Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life.  It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.”  To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.

]]>http://www.chattanoogapropertiesonline.com/Blog/Should-I-Buy-a-Home-Nowhttp://www.chattanoogapropertiesonline.com/Blog/Should-I-Buy-a-Home-NowTue, 12 Jul 2011 14:49:00 GMTWhat is My Home Worth?If you are interested in knowing the value of your home in the Chattanooga/NW Georgia area, please feel free to contact us for a FREE CMA.  A CMA is a market anlysis of your home.                                                                            Please visit http://www.chattanoogamarketvalue.com/ and we will email a CMA over to you right away!!

The Charlotte Mabry Team    

Keller Williams Realty

423-664-1900 office

423-664-1930 fax

518 Georgia Ave. Suite 200

Chattanooga, TN 37403                                                                                                              

]]>http://www.chattanoogapropertiesonline.com/Blog/What-is-My-Home-Worthhttp://www.chattanoogapropertiesonline.com/Blog/What-is-My-Home-WorthWed, 03 Sep 2008 14:07:00 GMT