Kim Bass: Sellers Say They’re Confident—But Are They Really?

Monday, May 6, 2019 - by Kim Bass, president, Greater Chattanooga Realtors
Lately I’ve talked a lot about the homebuying process, and with good reason. The spring/summer months are some of the busiest times to shop for a house. But there’s another equally important aspect to a real estate transaction, selling a home.

Selling a home is often the largest financial transaction a person will make, but that doesn’t mean homeowners want to devote a lot of time to it. More than half—58%—of homeowners who recently sold a home say they spent less than three hours researching the method and professional they chose to sell their home, according to a new survey of 1,000 homeowners conducted by SOLD.com.

A separate survey from the National Association of REALTORS® shows that 75% of recent sellers hired the first real estate professional they contacted to sell their home.

While sellers may have a limited search, that may be because they feel confident.
Ninety-four percent of homeowners say they feel confident about how to sell their home (with men more so at 73% versus 49% of women), the SOLD.com survey showed. But more than half concede they are unfamiliar with any options aside from a traditional real estate agent or for sale by owner in getting a home sold. 

Women surveyed tended to rely more on professional resources to sell their home while men were more inclined to speak with family and friends or do online research, the survey showed. Homeowners do still express plenty of concerns. The top concern they say they have for selling a home (by 43% of respondents) was “getting the home ready to sell,” such as with home renovations and repairs.

Many consumers also expressed some concerns over the emotional sides of selling a home. Twenty-seven percent said they had stress and anxiety about moving, and 21% said they were concerned about the financial implications of a move. The financial issues that weighted on homeowners the most included 28% who said they were concerned about coordinating the timing of selling and buying a home, and 27% were also concerned about the tax implications associated with the sale.

“These findings highlight the emotional component of selling a home, which can be just as important to people as the enormity of the financial elements of the transaction,” the study notes.


Brandi Pearl Thompson: COVID-19 Pressing The Brakes On Real Estate? I Don’t Think So

Greater Dalton Habitat Receives Equipment Donation

Chattanooga's Million Dollar Homes


As I tell my friends and family, real estate is still happening; just in a different way. I love statistics. I enjoy seeing the metrics of home sales. Each week I see the market activity from ... (click for more)

Greater Dalton Habitat for Humanity would like to thank local business man Terry Ross for donating a 14-ft. box truck, two Hyster forklifts and several pallets of flooring. "Terry has been ... (click for more)

Chattanooga's Million Dollar homes, reflected in recent transactions, include: 4504 Eyrie Way, Birchwood 4 bedrooms, 4 bathrooms, 4,498 square feet, has 350 feet of river frontage Sale ... (click for more)



Real Estate

Brandi Pearl Thompson: COVID-19 Pressing The Brakes On Real Estate? I Don’t Think So

As I tell my friends and family, real estate is still happening; just in a different way. I love statistics. I enjoy seeing the metrics of home sales. Each week I see the market activity from our Multiple Listing Service, and I compare to the numbers from previous years. Up until COVID-19, I would look at the activity and see the sharp rise in market activity and selling prices. ... (click for more)

Greater Dalton Habitat Receives Equipment Donation

Greater Dalton Habitat for Humanity would like to thank local business man Terry Ross for donating a 14-ft. box truck, two Hyster forklifts and several pallets of flooring. "Terry has been a supporter of Habitat for several years, and we truly appreciate him helping us to build more homes and hope," officials said. "These donations will help the Habitat ReStore tremendously. ... (click for more)

Breaking News

Tennessee Aquarium Announces Phased Reopening Plans

After standing empty for more than three months, the Tennessee Aquarium’s galleries will soon echo with the laughter and excited chatter of guests once again. The aquarium will begin a phased reopening to the public with exclusive opportunities for members beginning June 12-14. The Aquarium will then close for a few days to ensure new processes and safety protocols are operating ... (click for more)

County Courthouse Employees Go Home At Mid-Day Before Protestors Arrive; Hamilton Place Closes Early

Employees at the Hamilton County Courthouse on Monday shut down at mid-day ahead of another wave of expected protestors. Trustee Bill Hullander said the action was taken after there was word that a protest would be held at 1:30 p.m. on the Courthouse grounds. He said, "We did not want to take a chance on something happening to one of our employees as they left to go home." ... (click for more)

Opinion

When Violence In America Was Affirmed And Praised: Understanding And Solving Racial Injustices

One man’s violent anti-government protests is another man’s just war. First, let me say I do not condone the rioting and violence that is occurring across our nation, following the murder of George Floyd at the knees of white police officer Derek Chauvin. As someone who values that Jesus taught us to “turn the other cheek” I believe there are other ways we must respond, even ... (click for more)

Roy Exum: My Garden This June

On this, the first day of a new month, I pause during my monthly trip to the garden as I mourn for my country. The protests that morphed into ugly, race-fueled riots are worse than the COVID virus that continues to plague our nation. By this I mean we were helpless to the virus – there was no way to stop it and therefore we must endure. Criminal rioting is altogether different. ... (click for more)