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The Chapman Group
Your One Stop Shop for Real Estate in the South East.
REAL ESTATE SERVICES
Driven by a deep passion for real estate, my focus is your success. Together, we'll turn your real estate goals into reality, with guidance tailored to your unique needs.
BUYER SERVICES
Your dream home awaits. I specialize in matching you with properties that fit your life perfectly. Explore top listings with a trusted guide.
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MARKET SNAPSHOT
(NOV 22, 2024 - DEC 22, 2024)
MARKET SNAPSHOT
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TEAM LEAD
Erik Chapman
Agent | License ID: 371804
REVIEWS
Reista Schad
A huge thanks to Erik who was the best partner ever in finding investment real estate matches for us. He went above and beyond for months and months, representing us and relentlessly ensuring our requirements and needs were first and foremost. Would highly recommend if you’re looking for an honest, knowledgeable and smart real estate professional who’s got your back.
Real Estate Investing: Long Term vs. Short Term
Real Estate Investing: Long Term vs. Short Term
Investing in real estate has always been a popular way to build wealth, but the strategies can vary significantly. One of the most important decisions investors face is whether to focus on long-term or short-term investments. Each approach has its own set of advantages and challenges, and understanding these can help buyers make informed decisions that align with their financial goals.### Buyers: Who Are You?Before diving into the specifics of long-term vs. short-term investing, it's essential to understand who you are as a buyer. Are you a first-time investor looking for steady growth, or are you an experienced investor seeking quick returns? Your financial situation, risk tolerance, and investment goals will heavily influence which strategy is best for you.### Long-Term InvestingLong-term real estate investing typically involves buying properties with the intention of holding onto them for several years or even decades. This strategy is often associated with rental properties, commercial real estate, or land that may appreciate over time.#### Advantages:1. **Steady Income:** Long-term investments often generate consistent rental income, providing a reliable cash flow.2. **Appreciation:** Over time, property values generally increase, allowing investors to build equity.3. **Tax Benefits:** Long-term investors can take advantage of various tax deductions, such as mortgage interest and depreciation.4. **Lower Risk:** The longer holding period allows for market fluctuations to even out, reducing the impact of short-term volatility.#### Challenges:1. **Management:** Owning rental properties requires ongoing management and maintenance.2. **Illiquidity:** Real estate is not easily liquidated; selling a property can take time and may incur significant costs.3. **Market Dependency:** Economic downturns can affect property values and rental income.### Short-Term InvestingShort-term real estate investing often involves buying properties to quickly sell them at a profit—commonly known as flipping—or engaging in short-term rentals like Airbnb.#### Advantages:1. **Quick Returns:** Short-term investments can offer substantial profits in a relatively short period.2. **Flexibility:** Investors can quickly adapt to market changes by buying and selling properties more frequently.3. **Less Capital Tied Up:** Shorter holding periods mean your capital isn't tied up for extended periods.#### Challenges:1. **Higher Risk:** Market conditions can change rapidly, affecting the resale value of the property.2. **Costly Renovations:** Flipping often requires significant upfront costs for renovations and improvements.3. **Tax Implications:** Short-term gains are usually taxed at higher rates than long-term gains.### Making the DecisionChoosing between long-term and short-term real estate investing depends on various factors including your financial goals, risk tolerance, and available resources.- If you're looking for steady income and gradual wealth accumulation with lower risk, long-term investing might be more suitable.- If you're willing to take on higher risk for potentially higher rewards in a shorter period, then short-term investing could be the way to go.### ConclusionBoth long-term and short-term real estate investing have their own sets of benefits and challenges. Understanding your own financial situation and investment goals will help you determine which strategy aligns best with your needs. Whether you're looking for steady income over time or quick profits through flipping or short-term rentals, there's no one-size-fits-all answer—only what's right for you as an investor.By carefully considering these factors, buyers can make more informed decisions that will help them achieve their financial objectives in the ever-evolving world of real estate investing.
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Charming Family Home in Woodland Heights: 39 Diemer Rd, Fayetteville, TN 37334
Charming Family Home in Woodland Heights: 39 Diemer Rd, Fayetteville, TN 37334
If you’ve been searching for the perfect family home that combines spacious living with a touch of nature, look no further than 39 Diemer Rd in Fayetteville, TN. Nestled within the highly sought-after Woodland Heights subdivision, this beautiful property is listed at an attractive $415,000 and offers a wealth of features sure to capture your heart. One of the standout aspects of this property is its generous 3.8-acre lot. The expansive outdoor space provides ample room for children to play, pets to roam, or even for you to cultivate a garden. The multiple outbuildings offer additional storage or workspace options and there’s even a separate dog run area—truly something for every member of the family. Inside this charming home, you’ll find four spacious bedrooms plus a bonus area that can be tailored to suit your needs. Whether you’re an established family or one that’s still growing, this home offers the flexibility and space to accommodate your lifestyle. The extra-large living room on the main floor is perfect for family gatherings or entertaining guests. Adjacent to it is a separate dining room where you can enjoy meals together. The kitchen opens up to a back deck, making it easy to transition from indoor cooking to outdoor dining and relaxation. Imagine sipping your morning coffee while taking in the serene views of your own private haven. With all these features combined, 39 Diemer Rd offers not just a house but a lifestyle—one filled with comfort, convenience, and plenty of opportunities for making lasting memories. This gem won’t stay on the market for long, so schedule a tour today before it’s gone!
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Home maintenance calendar for homeowners
Home maintenance calendar for homeowners
As a homeowner, it's important to keep up with regular home maintenance tasks to ensure that your property remains in top condition. By creating a home maintenance calendar, you can stay organized and tackle necessary tasks throughout the year. If you're planning on selling your home, it becomes even more crucial to make sure everything is in good shape. In this blog post, we will discuss a home maintenance calendar for sellers, outlining the key tasks you should prioritize throughout the year.Spring:- Inspect and clean gutters: Clear out any debris and make sure your gutters are working properly to prevent water damage.- Check your roof: Look for any signs of damage, such as missing shingles or leaks. Addressing these issues promptly is essential before putting your home on the market.- Service your HVAC system: Schedule a professional to clean and inspect your heating and cooling systems, ensuring they are functioning efficiently.Summer:- Maintain your lawn and garden: Regularly mow the lawn, water plants, and trim any overgrown shrubs. Curb appeal plays a significant role in attracting potential buyers.- Clean the exterior: Power wash the siding, deck, and patio to remove dirt and grime. A clean exterior can greatly enhance your home's appeal.- Service your swimming pool (if applicable): If you have a pool, make sure it is clean and well-maintained throughout the summer months.Fall:- Inspect and clean the fireplace: Hire a professional to clean and inspect your fireplace and chimney. This will help ensure it is safe to use during the colder months.- Clean and store outdoor furniture: As the weather cools, clean your outdoor furniture and store it properly. This will protect it from the harsh winter elements.- Check windows and doors for drafts: Seal any gaps or cracks to prevent heat loss and improve energy efficiency.Winter:- Check insulation: Inspect the attic and crawl spaces to ensure proper insulation. This will help keep your home warm and reduce heating costs.- Test smoke and carbon monoxide detectors: Replace batteries and test these life-saving devices to ensure they are working correctly.- Clear snow and ice: Keep walkways and driveways clear to prevent accidents and make your home more accessible to potential buyers.Throughout the year:- Clean or replace air filters: Regularly clean or replace air filters in your HVAC system to maintain indoor air quality.- Check for water leaks: Inspect faucets, toilets, and pipes for any leaks. Addressing these issues promptly can prevent water damage and mold growth.- Test and reset GFCI outlets: These outlets are designed to protect against electrical shocks. Test them regularly and reset if necessary.By following this home maintenance calendar, you can stay ahead of any potential issues and ensure your home is in great condition when it comes time to sell. Remember, a well-maintained home not only attracts buyers but can also increase its value. Happy home maintenance!
MOREAre home maintenance expenses tax deductible?
Are home maintenance expenses tax deductible?
As a homeowner, it's important to stay on top of home maintenance tasks to ensure the longevity and value of your property. From routine repairs to major renovations, these expenses can quickly add up. Naturally, many sellers wonder if these home maintenance expenses can be tax deductible. In this blog post, we will explore this topic and provide some insight for sellers.First and foremost, it's essential to consult with an accountant or tax professional to get accurate and up-to-date information regarding tax deductions for home maintenance expenses. Tax laws are subject to change, and it's crucial to have a clear understanding of what is allowed and what isn't.Generally, most home maintenance expenses are not tax deductible for sellers. The Internal Revenue Service (IRS) views these expenses as personal in nature and therefore not eligible for deductions. However, there are some exceptions and instances where certain home maintenance expenses may be partially deductible.One situation where home maintenance expenses can be partially deductible is when you use a portion of your home for business purposes. If you have a home office or run a business from your property, some of the expenses related to maintaining that specific area may qualify as business deductions.For example, if you repaint the walls of your home office or repair the roof of the detached garage that serves as your workspace, these expenses may be deductible. However, it's crucial to keep detailed records and documentation to support your claims.Another scenario where home maintenance expenses may be tax deductible is if you make improvements or upgrades to your home with the intention of selling it. These expenses are called capital improvements and can potentially be added to your home's cost basis, which can influence your capital gains tax liability when you sell the property.For instance, if you install a new energy-efficient HVAC system or renovate the kitchen to increase the value of your home before putting it on the market, these expenses may be added to your cost basis. This can help reduce your capital gains tax if you sell the property for a profit.However, it's important to note that routine repairs or maintenance tasks do not fall under the category of capital improvements and are not tax deductible. Painting the walls, fixing a leaky faucet, or replacing worn-out carpet are considered normal maintenance expenses that are simply part of owning a home and maintaining its livability.In conclusion, while most home maintenance expenses are not tax deductible for sellers, there are a few exceptions. If you use a portion of your home for business purposes or make capital improvements to increase its value before selling, you may be eligible for partial deductions. It's always wise to consult with a qualified accountant or tax professional to ensure you understand the specific rules and regulations that apply to your situation.Remember, tax laws can change, so staying informed and seeking professional advice is crucial. By doing so, you can make better financial decisions and potentially maximize any tax benefits available to you as a homeowner and seller.
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Why are houses so expensive?
Why are houses so expensive?
The real estate market has always been a subject of fascination for many people. From picturesque suburban homes to luxurious city apartments, the prices of houses have skyrocketed in recent years. It leaves many potential buyers wondering, why are houses so expensive?One of the primary factors contributing to the high cost of houses is the demand from buyers. With the increasing population and the desire for homeownership, the demand for houses has surged. This heightened demand creates a competitive market, driving up prices. Additionally, the desire to own a home is often fueled by the belief that real estate is a wise investment, further increasing demand.Another reason behind the high cost of houses is the limited supply. In many areas, especially desirable locations, the availability of land for new construction is limited. This scarcity of land restricts the number of houses that can be built, driving up prices due to the imbalance between supply and demand. Furthermore, the high costs associated with acquiring and developing land, obtaining permits, and meeting building regulations contribute to the overall price of houses.The cost of construction materials and labor is yet another factor that drives up the prices of houses. Over time, the costs of raw materials such as lumber, concrete, and steel have increased significantly. Similarly, the demand for skilled labor in the construction industry has also risen, leading to higher wages. These increased costs are ultimately passed on to buyers, making houses more expensive.Government policies and regulations also play a crucial role in driving up housing costs. Zoning restrictions, building codes, and other regulations can significantly impact the cost of construction. While these regulations are in place to ensure safety and quality, they often lead to additional expenses for builders, which are then reflected in the price of the house.In addition to the aforementioned factors, location plays a vital role in determining the price of a house. Properties in highly sought-after neighborhoods or areas with strong economic growth tend to be more expensive. Factors such as proximity to schools, amenities, transportation, and job opportunities all contribute to the desirability of a location, and consequently, its high price.Furthermore, certain external factors, such as the overall state of the economy and interest rates, can impact house prices. During times of economic growth, people's purchasing power increases, leading to an increase in demand for houses and subsequently driving up prices. Similarly, low-interest rates make mortgages more affordable, leading to increased demand and higher prices.While houses may seem expensive, it is important to consider the numerous factors that contribute to their price. Demand, limited supply, construction costs, government regulations, location, and economic factors all play a role. It is crucial for prospective buyers to carefully analyze their budget, conduct thorough market research, and seek professional guidance to make an informed decision in today's competitive real estate market.
MOREMortgage without a credit score
Mortgage without a credit score
Mortgage Without a Credit ScoreWhen it comes to buying a home, one of the most important factors lenders consider is your credit score. A credit score is a numerical representation of an individual's creditworthiness and is often used by financial institutions to determine loan eligibility. However, what if you don't have a credit score? Can you still secure a mortgage? The answer is yes!While having a good credit score certainly helps in obtaining a mortgage, it is not the only factor that lenders analyze. They also take into account other aspects such as your income, employment history, and overall financial situation. This means that even if you don't have a credit score, you may still be able to qualify for a mortgage.One option available to buyers without a credit score is to provide an alternative credit history. This could include documenting your payment history for rent, utilities, or other recurring expenses. By demonstrating a solid history of making on-time payments, you can showcase your reliability as a borrower, even without a traditional credit score.Another route to explore is applying for a manual underwriting. This process involves a more thorough evaluation of your financial situation, taking into account various aspects of your financial history. Manual underwriting allows lenders to consider factors beyond a credit score, such as your employment stability, income-to-debt ratio, and potential for future financial growth.It's important to note that securing a mortgage without a credit score may require a larger down payment or higher interest rates. Lenders may view this as a higher risk, so they may compensate by adjusting the terms of the loan. However, as you continue to make timely mortgage payments, you can start building your credit history and potentially refinance your mortgage in the future to obtain more favorable terms.If you're considering buying a home but don't have a credit score, it's essential to work closely with a knowledgeable mortgage professional. They can guide you through the process, help you explore alternative options, and find the best solution for your specific situation.In conclusion, while a credit score is typically an important factor in obtaining a mortgage, it is not the only consideration. Buyers without a credit score can still secure a mortgage by providing alternative credit history or going through manual underwriting. With the right approach and guidance, homeownership can be within reach for everyone, regardless of their credit score.
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