About Chattanooga's Ooltewah

Time Is Running Out on what could be the best investment this generation of first time home owners will ever see!

This could truly be your once in a life time chance for a windfall profit on the most important investment people make!

Having just finished the dog days of summer and entering into a more cooler season and a time when real estate sales seasonally slow down, its time to take a moment to remind everyone that a large amount of money is available to those first time home buyers who are able purchase their first home before Nov 30, 2009!

To qualify you must meet the following: 1: Not have owned a home as your primary residence for the last 3 years! You must occupy this home as your primary resident for the next 3 years or you will have to pay back the Tax Credit. By the way you can't' make more than $75,000 to get a full tax credit if your single and $150,000 if you are married! You get 10% in tax credits up to $8000 dollars so if you buy a home for 150,000 you will only get $8000 dollars if you buy a home for 40,000 you will only get $4000, dollars.

Before you let this opportunity pass you buy, do some research to see if you qualify or talk with your accountant and local real estate agent. Don't let this deal pass you by!

It is said that "Time is the boundary of opportunity" So contact your favorite realtor, ask about finiancing choices in the area, get with a recommended lender to get the exact amount you best qualify for then start looking for your first home! The Chattanooga MLS statistics show that those homes priced in price ranges most likley to sell to a first time home buyer are starting to sell. You can see that the lower price ranges were first time buyers are most likely to make a purchase is the area that is really getting a lot of attention! This may also create a shortage in some areas of listings available for purchase, so don't wait any longer!

Chattanooga TN was voted "One of the best top 50 places to live" by "National Geographic Magazine" and that was before the new VW plant was announced! The VW plant is starting to loom up out of the ground and is expected to be completed in May 2011, already the plant officials have made changes with new plans to enlarge the plant! We are very exicted here in Chattanooga to see this building process and our expectations are very high!

If you have questions about the $8000 dollar tax credit and or real estate in the TN Valley contact

Darwin White

RE/MAX Properties

423-894-2900 Office

423-421-4111 Cell

www.RealEstateHomeLink.com

www.ClickHome.info

Send e-mail to

DarwinWhite@RealEstateHomeLink.com

Ooltewah Real Estate Sales

Real estate sales information about Oolteway, TN. Call for information about qualifying for a conventional, FHA, VA, or Rural Development home loan.

It helps for both buyers and sellers to understand the trends for local areal homes for sale in the local market.

Today Ooltewah is a community in Hamilton County, but for 48 years it was the county seat of James County. The former county was created in 1871 from sections of Hamilton and Bradley counties. The county struggled financially and politically. In 1919 the county went bankrupt and reincorporated into Hamilton county in December 1919. Information is take from the article in Tennessee Encyclopedia of History and Culture.

Historical seat of former James County

Ooltewah is a located in Hamilton County east of Chattanooga. Its population is approximately 6,000.

Ooltewah is supported by Ooltewah Elementary and Ooltewah Middle School and Ooltewah High School. The school mascot name is the Owls.

The name Ooltewah is from an Indian phrase that means resting place. The Ooltewah High School Marching Band played in the 2007 Macy's Thanksgiving Day Parade. The high school music department also has a string orchestra. The softball team won a state championship last spring. Ooltewah also has the Honors Course, one of the top golf courses in the area.

The community website provides excellent information about events, opportunities, the town council, and organizations.

Here are some local information and pictures about Signal Mountain.

The information in the below 5 charts indicates the local residential market trends over the last 12 months.

Chart 1 Average Selling Price and Average Listing Price
The trend of the average sales price and compared with the average listed price of those sold homes. This can give some insight as to how the market is supporting the asking price for listed homes.

Ooltewah - Average Selling Price and Average Listed Price of Sold Properties

Chart 2 Number of new listings and number of sold homes
The trend of number of homes listed and sold. This gives some indication of the balance between selling and buying in the local market.

Ooltewah - Number of Sold Homes and Number of Newly Listed Homes

Chart 3 Number of listings active on the market and average days on the market
The average day that properties have been on the market as well as the total number of properties listed for sale on the date this report was posted.

Number of Active Listings	Average List Price of Active Listings	Average Days On Market (DOM) of Active Listings
179	$424,206	170

Chart 4 Average Price of New Listings
The trend of average price for newly listed properties. It gives an indication of the trending in the average price for the local market.

Ooltewah - New Listing Average Price

Chart 5 Median List Price to Median Sold Price
The trend of listing and selling prices. It indicates whether a market has declining or increasing values. The median price is the price at which half the homes sell for more and half the homes sell for less.

Ooltewah - Median List Price and Median Sold Price

Would you like to know what payment you qualify for? or How much home you can afford?

Call me at 423-280-0345 or email me . Visit my website for information about purchasing your new home.

We offer excellent first time home buyer financing, as well as FHA, VA, and Rural Development loans. Visit my website to learn about our different home financing programs.

We specialize in new construction financing.

We have numerous lenders that offer a variety of programs that meet the financing needs of higher priced (jumbo loan) homes.

Your home financing goals can be fulfilled at American Acceptance Mortgage.

Richard Smith
American Acceptance Mortgage, Inc
Toll Free 888-474-9920 Cell 423-280-0345
Home financing in Tennessee, Georgia, and Alabama.
Experience matters when it is your home loan.

FHA, VA, Rural Development, Reverse Mortgages, Construction Permanent, Renovation, FHA Renovation
rsmith@aamonline.com