If you are looking for a great buy in the Chattanooga real estate market, they’re is really no secret in finding a steal. There really is not a magical/elusive way to purchase that will make you extremely wealthy. You have likely heard of every way possible to purchase a home before including new construction, resales, short sales, auctions, foreclosures, tax sales, ect. Each has their pros and cons and a steals are available for different types of sales, some will just require more work before/after the sale than others and profit has to be weighed a factor of time. The reality of finding a great buy in Chattanooga is readiness and perseverance.
No matter whether you a looking at new homes or foreclosures in Chattanooga TN or anything in between, you really have to be ready to pull the trigger to get a steal. Your biggest hindrance in purchasing a home is timing, so the more flexible that you can be with your move in schedule the better (if you’re planning to occupy it). When you are pressed for time you compromise more than you would if it were not issue. However this is not a luxury that all of us can afford, but you can by ready at all times. The fact is that great buys or either found or made meaning you either negotiate a great sales price for the home you want or you jump on a great deal as soon as you find it or if you lucky both. So if you’re serious about getting a great buy always be looking for properties, everyday if possible and have all your ducks in a row on the financing side including being prequalified, providing all your basic docs lender beforehand, and having respectable deposit ready. Strength in offer comes by way of deposit, ability of borrower, and a quick close. So have all these working for you. You’re best bet is to make an offer before anyone else does and make the seller negotiate quickly before they realize other parties are interested.