All Forum Posts by: Eric C.

I am back in town and will try to attend.  Also, does anyone have any Property Management recommendations in Chattanooga?

@Eric C. it's interesting you say that about agents as I've heard the same thing from a lot of friends - especially those who are getting ready to buy or sell their first house. I don't have a big problem with agent pricing because that's still a factor of supply and demand. If you can find an agent to sell your house for 1% or a flat fee - then great. No one is forcing you to pay a 4-5% commission, it's just want the market forces have decided the value is. You could argue collusion and that all agents are charging about the same price, but you're still free to do a FSBO or an MLS entry only listing. I think the general public also doesn't realize how much agents have to do to actually sell a home and how much time is involved. I have my agent's license and rarely do anything with it besides my own deals, because unless you're selling / buying a reasonably high priced property, the payoff isn't worth the time and headache for me

My issue with the title system is that it's a regulatory burden that has seen minimal efficiency improvements (especially in my location) over hundreds of years. And at the root of it is the conflict of interest in the industry, where no one really has an incentive to fix the problem. The regulators, lawyers, and title insurance companies that have clout are raking in the big bucks from Mr. Home Buyer who has no idea what all of these charges on their HUD / CD actually mean.

Chattanooga is a sweet place.  Plus no State income tax.  Saved me a few grand just moving there last year.