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Welcome

As your Chattanooga Real Estate Consultant and a Principal Real Estate Broker, I'm confident you will find this site extremely helpful and informative. Be assured that we will be here when you need us to assist you in your goal of buying or selling a home.

The Chattanooga Home Team's and my professional "can do / will do" attitude combined with experience and expertise will result in either quickly finding you the "perfect" home to buy and negotiating the best price for you OR, cause your house to sell quickly for the best price possible. Put a powerful negotiator in your corner who will keep the deal together through closing. In fact, the only Master Certified Negotiations Expert (MCNE) in the Chattanooga Area!

There will be NO Buyer Realtor fees paid what-so-ever! We will have the Seller's REALTOR split their fees with us. The Chattanooga Home Team has a $150 administrative fee charged at closing (excluding VA loans).

Feel free to explore this site of Hamilton County Tennessee communities including Chattanooga, East Brainerd, Brainerd, North Chattanooga, Ooltewah, Harrison, Lookout Mountain, St. Elmo, Signal Mountain, East Ridge, Red Bank, Hixson, Soddy Daisy, and Sale Creek. Also, don't forget that Chattanooga, TN is right on the Georgia border which gives you the option of living in Ringgold (Catoosa County), Ft. Oglethorpe (Catoosa & Walker Counties), and Rossville (Walker County), GA. This website is a comprehensive online tool with direct access to the latest homes and properties for sale in Chattanooga and NW Georgia. It features extensive community information, consumer links, school information, free reports, answers to commonly asked real estate questions, and more, you'll find everything about Chattanooga homes and real estate within one source. Area maps are located HERE. Also, don't forget to check out all of the Community Links to learn everything about Chattanooga, Tennessee and NW Georgia.

If you currently own real estate and are thinking of placing it on the real estate market, this site contains information about preparing your home for sale, selecting the right real estate consultant, pricing your home competatively, marketing it effectively, and receiving timely market snapshots and evaluations.

Sincerely,

George   

The Chattanooga Commercial Team Check out this site for all your Chattanooga commercial property needs! The Chattanooga Commercial Team of Heather Bevil and Valerie Gallups bring true commercial real estate experience to bear when representing Buyers, Sellers, Landlords, and Tenants. Just click the logo to explore!

 

Real Estate News!!!

Latest Realty News from NAR

Boom or Bust for Spring Homebuying?

Home prices reached an all-time high in most markets in 2018. Homeowners benefited greatly as a result, with their overall net wealth rising by a cool $1 trillion. A typical homeowner’s wealth is estimated to have reached $254,000 while that of a typical renter stood at only $5,000.  Looking ahead, home values are poised to advance further in 2019, albeit more modestly.  However, home sales slumped badly in the closing months of last year. Persistent sales declines are nearly always associated with dampening home prices and homes sitting on the market for a lengthier time.

Read the full article at Forbes >

State and Local Tax Deduction (SALT): The Impact by State

The state and local tax (SALT) deduction allows taxpayers to deduct state and local tax payments on their federal tax returns. The new tax law, called the Tax Cuts and Jobs Act, instituted a cap on the SALT deduction. Starting from the 2018 tax year, the maximum SALT deduction that taxpayers are able to claim is up to $10,000. In contrast, before the new tax law, there was no limit. This blog focuses on what the reduced deduction means for taxpayers, especially in high-tax states like California, New York and New Jersey. However, let’s first understand how the state and local tax deduction works.

What is the state and local tax deduction?

Taxpayers who itemize their deductions, and therefore don’t take the standard deduction, can deduct what they’ve paid in certain state and local taxes. The SALT deduction includes property, income and sales taxes. To be more specific, a taxpayer who itemizes can deduct property taxes but the taxpayer needs to choose between deducting income and sales taxes. Taxpayers of states with high income taxes typically opt to deduct their state and local income taxes while taxpayers of states with high sales taxes typically deduct their sales taxes. Generally, taxpayers deduct property and income taxes using the SALT deduction.

Nationwide, 30 percent of the taxpayers used the SALT deduction, while the average SALT deduction was $12,540 in the 2016 tax year.

How will the reduced SALT affect taxpayers by each state?

Starting with the 2018 tax year, taxpayers’ SALT deductions are limited to $10,000. However, especially in high-tax states, itemizing taxpayers typically pay an amount higher than this limit. Let’s take a closer look at where most taxpayers claim the SALT deduction and how much they deduct on average.

NAR calculated the percentage of taxpayers that used the SALT deduction and the average deduction for 50 states and DC. In the 2016 tax year, the states with the highest percentage of taxpayers using the SALT deduction are in the Northeast and West regions. The percentage claiming the deduction ranged from 17 percent in West Virginia to 46 percent in Maryland in 2016. In the meantime, the average deduction ranged from $5,130 in Alaska to $21,780 in New York.

For instance, more than 40 percent of the taxpayers claimed the SALT deduction in California, New York and New Jersey while the average deductions in these three states were all over $18,000.

SALT deduction by income level

While the SALT deduction is used across all income levels, the amount of SALT deductions by lower, middle, and upper income taxpayers provides insight into how those taxpayers benefit. Nationwide, almost 40 percent of taxpayers earning between $50,000 to $75,000 per year and more than 70 percent of taxpayers earning $100,000 to $200,000 per year used the SALT deduction. For income brackets above $200,000, almost all of those upper income taxpayers claimed the deduction.

When looking at the total amount deducted by income bracket, it is clear that the SALT deduction benefits taxpayers across all brackets. Specifically, taxpayers earning more than $100,000 deducted above $10,000 (the new limit) on average. These taxpayers represent 14 percent of all taxpayers nationwide.

For more detail information and to scroll across the various parts of the U.S., see below:

 

Wealth Gains from Homeownership across Metro Areas in 2018

Homeownership has been associated with positive social outcomes[1], and is also the largest source of wealth among homeowning households. In 2016, the median net worth among homeowners was $231,400, with housing wealth making up 85 percent of wealth (average net housing wealth was $197,500).[2]

Housing wealth contributes positively to the homeowner’s and children’s economic condition, because home equity can be tapped for expenditures such as investing in another property (which can generate rental income), home renovation (which further increases the home value), a child’s college education, emergency or major life events, or expenses in retirement.[3]

Housing wealth (or net worth or equity) is built up over time via the home price appreciation and the principal payments that the homeowner makes on the loan.[4]  The chart shows the change in housing wealth (equity) as of 2018 for a home buyer who purchased a typical single-family existing home in the United States 5, 10, 15, or 30 years ago. Over these holding periods, most of the wealth gains are from the appreciation in home values. For example, if one purchased a home five year ago (2013), a home buyer would have typically gained $79,488 in wealth (equity), of which $64,200, or 81 percent is from the home price appreciation ($197,400 in 2013 to $261,600 in 2018).  Homeowners who move typically do so in 10 years, so a homeowner who bought a home 10 years ago (2008) would have $91,081 in home equity gains as of 2018).[5] The longer the holding period, the larger the increase in wealth due to home price appreciation and the cumulative principal payments, which reduce the loan balance.

If you had purchased a home just five years ago in these metro areas, here are the typical gains in home equity that you have due to home price appreciation and the principal payments you’ve made[6]:

Metro areas with home equity gains of $200,000 or over for a home purchased 5 years ago:

  • San Jose-Sunnyvale-Sta. Clara: $620, 410
  • San Francisco-Oakland-Hayward: $393,561
  • Boulder, CO:  $264,395
  • Anaheim-Sta. Ana-Irvine, CA: $218,773
  • Los Angeles-Long Beach-Glendale, CA: $216,613
  • San Diego-Carlsbad, CA: $205,659

 

Metro areas with lowest equity gains (loss) for a home purchased 5 years ago:

  • Atlantic City-Hammonton, NJ: ($8,593)
  • New Jersey City-White Plains, NJ-NY: $3,336
  • Cumberland, MB-WV: $6,215
  • Trenton, NJ: $7943
  • Elmira, NY: $8,705

Use this data visualization to explore the typical increase in housing wealth across metro areas as of 2018 if you purchase a home 5, 10, 15, 30 years ago. These are typical gains and are illustrative of the magnitude of the wealth gains over time. Actual wealth gains will vary by property:


[1] Lawrence Yun and Nadia Evangelou, Social Benefits of Homeownership and Stable Housing, Realtor® University The Journal of the Center for Real Estate Studies; https://realtoru.edu/real-estate-studies/journal/

[2] Federal Reserve Board, 2016 Survey of Consumer Finances

[3] Brad Finkelstein, 7 reasons why consumers are tapping into home equity, The American Banker, June 26, 2018; https://www.americanbanker.com/7-reasons-why-homeowners-are-tapping-into-their-home-equity

[4] The price appreciation can be thought of as ‘capital gains’ while the principal payments can be thought of as a conversion from liquid asset (cash) to an illiquid asset (house).

[5] To be clear, these are changes in wealth or home equity between two time period or over n holding periods. If one wants the level of the home equity at a point in time, one has to add the down payment.

[6] These calculations are illustrative of the magnitude of the housing wealth gains; actual change in home equity will vary by home.

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Furniture Makeovers

http://porch.com/advice/our-favorite-furniture-makeovers-of-2014/?utm_source=sv&utm_medium=email&utm_campaign=c-digests&tid=email_sv_c-digests_~~_~~_advicedigest_~~_~~_~~_~~_~~_gk@chattanoogahomes.net... Read more
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What people are saying about George...

If you are moving locally or from out of state, do yourself the biggest favor ever and engage the services of George Kammerer. George's knowledge of the area is unsurpassed, and guided us to an area that we described we were interested in living and suited our specific needs. Since we were moving from out of state, the timing was critical that we could coordinate our time and George's to the maximum. He also is remarkably quick to respond to any email or text that you submit. He is the first realtor [we've used] that truly wants his clients to be happy! He asks questions that are relevant to finding the house that you expect to find within the price range that you specify....George does not "push" nor does he "fast talk" you into making a hasty decision. He is a very patient man and has a background that can assist you in answering questions you may have while reviewing a home. I believe my husband and I are "sort of picky" and we would rate George a 5+ in every area shown above. Ruth VonDreau
We worked with George in selling our home (which was a great experience), so having him help us buy our next home was a no-brainer. He was always available to us, and would hunt down information we felt important in the listings we were viewing. His expertise in the area, especially Chattanooga, was very helpful and allowed us to finally choose a home for our family. We would highly recommend his services. Ralph & Jennifer Hairsine
We visited Chattanooga on 2 separate occasions to look at properties with George. He gave us 100% of his time and attention and knew exactly what we were looking for in a home. We trusted him so much in fact that we ended up purchasing a home that we never got a chance to visit in person. It came on the market just as we were leaving Chattanooga, but George visited the listing, took pictures and inspected the property. He was certain it was the home for us and we trusted him. George went above and beyond what we expected by visiting the home to make sure that it was properly maintained for 3 months while we prepared to relocate from Nevada. He even turned on the air conditioner for us once the weather warmed up to keep the house comfortable. We are happy to have met him and now be able to call him a friend Jacquie Brown
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The Chattanooga Commercial Team
Check out this site for all your Chattanooga commercial property needs! The Chattanooga Commercial Team of Heather Bevil and Valerie Gallups bring true commercial real estate experience to bear when representing Buyers, Sellers, Landlords, and Tenants. Just click the logo to explore!

 

Market Snapshot

Choose this link to get a Market Snapshot of actual real estate activity in the Chattanooga, TN / NW GA area that you wish. A valid e-mail address required because the data will be compiled and e-mailed to you.

 

 

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