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Real Estate Tips
Financing Your Home >Bridge Loans

What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.

A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.

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Real Estate Trivia
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Where and when was the first motel introduced on the American commercial real estate scene?

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The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925.
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The Lawrence Team, REALTOR®, real estate agents and broker for Chattanooga, Signal Mountain and Ooltewah, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Doug & Sherry Lawrence
Prudential Realty Center

1315 Taft Highway
Signal Mountain, TN 37377
Finds Me: 423-308-7616
Fax: 423-598-7398
Doug's Cell: 423-802-2014
Sherry's Cell: 423-838-5011
Office: 423-886-2601 ext. 216
Chattanooga Home Finders: DougandSherry@NUMBER1EXPERT.com
Sherry's Direct: dslawren@ix.netcom.com
Doug's Direct: douglawrence@ix.netcom.com
Sherry's Office Email : slawrence@realtycenter.com
Doug's Office Emal: dlawrence@realtycenter.com

Licensed in Tennessee and Georgia, and serving Hamilton County, Chattanooga, Signal Mountain, Ooltewah, Lookout Mountain, Red Bank, East Ridge, Brainerd and East Brainerd, Soddy Daisy, Hixson, Tiftonia, Marion County, Bradley County, and North Georgia, The Lawrence’s have assembled a highly professional and experienced 9 member team to help with a dynamic and growing Residential, Land, and Commercial Real Estate business. Our Team Concept creates a tremendous synergy for our clients and serves to make sure a Lawrence Team member is always available to help you when you need them! Our goal is always the same - to be sure all your needs are met and your expectations exceeded! For Buyers - To find the right home, in the right location, and at the right price! For Sellers - To professionally market your home, to the right audience, for the right price, with fast and effective results. And, for those Business Professionals who are charged with making certain that their employees Real Estate needs are professionally managed, we, along with our Real Estate Team, and our Mortgage and Insurance Professionals, promise to make sure every step of the home buying or home selling service exceeds your expectations!

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