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Thinking of Selling Your Home? Get Ready to Negotiate!

by Melissa Thompson
 

Thinking of Selling Your Home? Get Ready to Negotiate! | Keeping Current Matters

Now that the market has showed signs of recovery, some sellers may be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation. In most cases, the seller is not. The seller must realize their ability to negotiate will determine whether they can get the best deal for themselves and their family.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house.
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the COs permits mentioned above
  • The buyer’s buyer in case there are challenges on the house your buyer is selling
  • Your bank in the case of a short sale

Bottom Line

The percentage of sellers who have hired a real estate agent to sell their home has increased steadily over the last 20 years. Meet with a professional in your local market to see the difference they can make in easing the process.

 

101 Things To Do In Memphis #95: 35 Ways To Celebrate New Year’s Eve

by Melissa Thompson

Another year is almost over and Memphis is ready to celebrate the amazing things that have happened and to welcome in a new year with opportunities to make this city greater. There are many ways to celebrate, commemorate, and enjoy New Year’s Eve in the 901. Here are a few suggestions:

Beale Street New Year’s Eve Celebration
Watch the Hard Rock Cafe Guitar Drop on Beale Street at midnight and enjoy a free concert in W.C. Handy Park with musical performances by Gloriana and The Jeff Jensen Band. You can enjoy the celebrations and specials on food and drinks inside Beale Street restaurants such as B.B. Kings Blues Club starting at 7 pm, Itta Bena with 5 pm, 7 pm, and 9 pm prices, and Hard Rock Café with doors opening at 6:30 pm. Get a Fast Pass for $100 to skip to the front of the line and get free admission into over 12 clubs on Beale Street.

·         Rum Boogie Cafe – 182 Beale Street (Downtown)

  • Band:  Vince Johnson & The Boogie Blues Band (9:00 PM – 1:00 AM)

·         Blues Hall Juke Joint – 174 Beale Street (Downtown)

  • Band:  Mississippi Big Foot  (8:00 PM – 12:00 AM)

·         Kings Palace Cafe – 162 Beale Street (Downtown)

  • Band:  Gracie Curran & The High Falutin’ Band  (9:00 PM – 1:00 AM)

·         Tap Room (next door to Kings Palace Cafe) – 168 Beale Street (Downtown)

  • Band:  Delta Project   (9:00 PM – 1:00 AM)

·         Spindini – 383 South Main Street (Downtown)

  • Band:  Loveland Duren  (9:00 PM – 12:00 AM)

·         Mesquite Chop House – 3165 Forest Hill Irene Road (Germantown, TN)

  • Band:  Julianne Thomas & Dom Fosco Duo  (9:00 PM – 1:00 AM)

Daisyland New Year’s Eve at the New Daisy Theatre
You can go to the New Daisy Theatre to enjoy a featured performance by 12th Planet on New Year’s Eve. 12th Planet brings dubstep to Beale Street for an out-of-this-world performance. The party starts at 9 pm December 31 and at 4 am January 1, 2016. Ticket prices start at $15.

New Year’s Eve Party at the Peabody
Enjoy New Year’s with style throughout the Grand Lobby and Mezzanine of the Peabody Hotel with musical guests Almost Famous, Hollywood, and DJ Mark Anderson. You can also hear classics in the Corner Bar by Rene Koopman Duo. You must be 21 years of age or older to attend and general tickets are on sale online for $40 or $50 at the door. Stella Artois VIP Lounge tickets are available online and offer Hors d’oeuvres, Champagne, and Valet Parking in addition to access to the VIP lounge.

Overton Square New Year’s Eve Bash
The party starts the afternoon of December 31st! Join Chris Jarmin, with 98.1 The Max broadcasting live from the second story patio of Lafayette’s Music Room from 2:00pm – midnight. Madison Avenue will be closed from 9:00pm – 2:00am New Year’s Eve, from Cooper St. to Diana St. including Florence from Trimble Pl. to Madison Ave. Many Overton Square restaurants will be open featuring New Year’s Eve yummy beverages, food and fun until 3am. To keep you hydrated while you travel from stop to stop, enjoy a cold beer from one of the beer vendors on Madison Ave. from 9:00pm – 1:00am.  Outside live entertainment features The NUB, all the way from the South side of Union Ave from 10:00pm-midnight. WMC Action News 5 reporter Kontji.Anthony will emcee the finale of the event and help countdown to midnight. At exactly midnight, there is a special surprise! In addition to the excitement on the street, there will be plenty of parties within Overton Square bars and restaurants: 

  • Lafayette’s is offering an exciting New Year’s Eve extravaganza with music and 3 different dining and drink packages. General admission costs $35 and includes champagne toast, party favors, and live entertainment. Midtown Dinner Package and the VIP NYE Dinner Package both reserve a seat at a table with 4 course dinner, champagne toast, party favors, and live entertainment. Musical performances include David Coen at 6:30 pm and American Fiction starting at 10:30 pm. Tickets are available here.
  • Babalu Tacos & Tapas – Memphis will have a specialty NYE cocktail made with Blackberry and Thyme simple syrup, Hendricks Gin, and topped with Prosecco and an an edible glitter rim.
  • Bar Louie will have live entertainment, a complimentary champagne toast at midnight, and late night specials.
  • Boscos Squared proudly presents the legendary Joyce Cobb at 8:00pm. There is no cover, plus there’s a champagne toast and party favors at midnight. A regular and price fixed dinner menu will be available.
  • Local Gastropub Overton Square is going all out with a DJ, complimentary midnight brunch buffet, and champagne toast.
  • Robata Ramen and Yakitori Bar offers a complimentary champagne toast for all those present for the countdown.
  • Schweinehaus is throwing down with their party. There is no cover and there will be party favors and a champagne toast at midnight.
  • Zebra Lounge Memphis will have a dance party with Austin Carroll on piano from 8pm-2am and as always, there is no cover.

 

Children’s Museum of Memphis’ New Year’s at Noon
If you have kids who might not stay up until midnight or enjoy a New Year’s bash on Beale Street, the Children’s Museum of Memphis wants you to bring them for a party that will send the New Year “to infinity and beyond.” The Buzz Lightyear themed party invites children to wear their favorite costumes from the movies for a chance to win a museum membership and a special prize! The clock will tick down to noon and beforehand there will be a scavenger hunt, crafts, face painting, and balloon art. After the countdown ends, there will be a goodie toss, balloon drop, and dance party! Admission is free to members and $15 for non-members.

Tux & Chucks New Year’s Eve Celebration
Ring in the New Year with style! Don ravish apparel such as a tuxedo accompanied with Chuck Taylor Converse. Starting at 9 pm at 1524 Events on Madison, celebrate New Year’s with champagne, complimentary refreshments, a cash bar, and live entertainment.

Madison Hotel Whiteout New Year’s Party
Wear as much white attire as you want at Madison Hotel’s New Year’s party from 10 pm December 31 – 2 am January 1, 2016. A live DJ will provide music, complimentary hors d’oeuvres by Chef Max will delight your appetite, and custom pours on Shot Skis and Pyramid Vodka Ice Luge will give you delicious drinks. General admission cost $50 per person. Want a discount code? Check out Yelp.

New Year’s Eve with Marcella & Her Lovers at Bar DKDC
Party the night away with music by Marcella & Her Lovers at this Cooper Young hangout.

New Year’s Eve Party at Huey’s
All locations will have complimentary party favors and a champagne toast at midnight. Cordova, Midtown, and Germantown will all have live music from 9:00pm – 1:00am Collierville is closing early at 10pm. Downtown is staying open late until 3am. Everyone else is open normal hours.

New Year’s Eve Fire Ball
Party with the Phoenix Club of Memphis while fundraising for the Boys & Girls Clubs of Greater Memphis. Come dressed to impress at 8 pm and enjoy a gorgeous New Year in the Memphis Botanic Gardens with live music by City Mix, a photo booth, and of course champagne. Tickets cost $65 in advance and $75 at the door with all-inclusive beer, champagne, cocktails, and how d’oevres. A cash bar will also be available.

New Year’s Eve with Twin Soul
RockHouse Live brings you an evening of Twin Soul to rock in the new year like never before. Free champagne and party favors, and great rock-n-roll with friends. Just $10 per person. Get your tickets here.

Hi-Tone NYE w/Dead Soldiers, China Gate, and Heels
Heels, China Gate, and Dead Soldiers ring in the new year with extra Ranch and even cooler cool-ranch seasons greetings. Champagne toast at midnight, bbq, debauchery, and your first glimpse at 2016, the long awaited year of the end to the Great Salad Wars.

Black Lodge presents: The New Years Evil Party with Devil Train, The Incredible Hook, and Shamefinger
Join The Black Lodge, Devil Train, and The Incredible Hook as they ring in 2016 with a whirlwind of music, dance, drinks, food, go-go girls, fire-spinning, acrobatics, and a sordid collection of midtown freaks, punks, hippies, and heads, with special guests Shamefinger. $10/person and all door fees go to performers and bands.

Throwback Thursday New Year’s at Amurica
Ring in the new year at Amurica as your favorite #TBT! $20 cover, BYOB, DJ Eggroll, karoake, and unlimited photobooth.

New Year’s Eve at The Flying Saucer Downtown
They’ll be digging up some past tunes from those long lost Thursday nights and dealing out some new ones for the new year as well. Doors open at 7:00pm, band starts at 9:30. Cover is $10/person and you can reserve a table in advance by calling (901) 523-8536.

New Year’s Eve at Celtic Crossing
Celtic Crossing New Year’s Eve Champagne Super Nova benefiting the Humane Society will feature Features: a full appetizer menu available throughout the evening, DJ Taz playing the latest hits, starting @ 10PM, Party Favors, Midnight countdown and champagne toast, $10 cover – cover can be paid in advance to reserve a table (included with dinner reservation), Prefix Menu $50 per person plus tax and tip.

Countdown on Broad
This is the inaugural Countdown on Broad event to ring in the new year on Broad Avenue! The fun starts at 8pm with bands, bars, a lighting of the Water Tower at midnight and more.

New Year’s Eve at the Rec Room
Looking for a chill way to spend New Year’s Eve? Go to the Rec Room on Broad and enjoy video games, a full bar, ball dropping on all six screens and a bubbly drink at midnight. No cover.

The Mighty Souls “Funky New Years Eve” Brass Band Blow Out
The Mighty Souls and Bayou have an especially funky New Year’s Eve Celebration ready for you. Featuring Sean Murphy, Tom Clary, Jason Yasinsky, Logan Hanna, J Period Thomas and special guest Terence F. Clark. No cover.

New Year’s Eve at Itta Bena
There will be 3 seatings available so you have the option of coming in early and beating the crowd or partying the night away as you watch the guitar drop on Beale Street at the stroke of midnight. Seats are filling up so make sure to call 901-578-3031 to make your reservation.

NYE @ Mollie’s
Enjoy a night of food, drink, live music with a special performance by Marcella Simien beginning at 7pm till 9. Then DJs Mike McConnell and Justin Hand bring back their beloved 80’s vs 90’s set for a NYE retro party. Costumes highly encouraged. The doors open at 5pm so come early for some great food and cocktails as your night begins. Only $10 cover for the evening – 21 and up with valid ID.

By and Photo credit: choose901.com

Happy Holidays From The Melissa Thompson Team!

by Melissa Thompson

Here are a few fun facts about Christmas!

  • Each year, 30-35 million real Christmas trees are sold in the United States alone. There are 21,000 Christmas tree growers in the United States, and trees usually grow for about 15 years before they are sold.​
     
  • Christmas was declared a federal holiday in the United States on June 26, 1870.
     
  • The first eggnog made in the United States was consumed in Captain John Smith’s 1607 Jamestown settlement.
     
  • The Salvation Army has been sending Santa Claus-clad donation collectors into the streets since the 1890s.
     
  • Rudolph, “the most famous reindeer of all,” was the product of Robert L. May’s imagination in 1939. The copywriter wrote a poem about the reindeer to help lure customers into the Montgomery Ward department store.
     
  • Construction workers started the Rockefeller Center Christmas tree tradition in 1931.    
     
  • The meaning of Christmas lights- one common belief is that red represents passion, green represents vitality, yellow represents brilliance, white represents purity and blue represents a generosity of spirit!     
     
  • Christmas trees are grown in all 50 states including Hawaii and Alaska.
     
  • By the 1890s Christmas ornaments were arriving from Germany and Christmas tree popularity was on the rise around the U.S.
     
  • The tallest living Christmas tree is believed to be the 122-foot, 91-year-old Douglas fir in the town of Woodinville, Washington.
     
  • In 1923, President Calvin Coolidge started the National Christmas Tree Lighting Ceremony now held every year on the White House lawn.
     
  • Poinsettia plants are named after Joel R. Poinsett, an American minister to Mexico, who brought the red-and-green plant from Mexico to America in 1828.
     
  •  According to reports by Captain John Smith, the first eggnog made in the United States was consumed in his 1607 Jamestown settlement.

 

Learn more fun Christmas facts and traditions at the History.com

Amazing 3 Bedroom Home! – 4016 Eagleridge Lane

by Melissa Thompson

Welcome home to 4016 Eagleridge Lane, an amazing home that you will have to see to believe! Situated on a large corner treed lot in the Eagleridge Village neighborhood, this home offers quality features including gleaming hardwood floors, 3 bedrooms, security system, covered patio, and much more! Enjoy comfortable everyday living in the captivating great room flaunting a cozy wood burning fireplace with oak mantle, built-in bookshelves, hardwood floors, and soaring tray ceiling. Cooking will be a delight in the incredible eat-in kitchen with cabinet and counter space galore, granite countertops, tile backsplash, durable tile floors, pantry, full complement of top quality stainless steel appliances including stove with self-cleaning oven, new dishwasher, and double deep sinks with disposal. In addition, this kitchen offers a sunny breakfast area with access to the patio. You will rest easy in your master retreat with 2 walk-in closets, plush carpeting, and a cooling ceiling fan/light. The spa-inspired master bathroom boasts an elongated sink vanity with new mirror, durable tile floor, relaxing whirlpool tub/shower combination with new faucet and shower head. This home also offers two additional bedrooms. Each comes complete with plush carpeting, closets and a shared full hall bathroom with a tub/shower combination, tile floor, and updated light fixtures. Relax outside in the large treed fenced backyard with a nice covered patio, perfect for cookouts and parties! This amazing home also offers a 2 car garage, attic, dimensional shingle roof, and laundry room with cabinets including washer and dryer. It is walking distance to Bartlett Schools and convenient to Bartlett Park.

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

101 Things To Do In Memphis #94: CTI 3D Giant Theater at Pink Palace

by Melissa Thompson

There is truly so much to do at the Pink Palace Family of Museums! Visit the Museum, the Sharpe Planetarium, Lichterman Nature Center, Coon Creek Science Center, Mallory-Neely House, Magevney House, or the CTI 3D Giant Theater! Fun for the whole family!

The Crew Training International (CTI) 3D Giant Theater is the only large format theater in the Mid-South. Opened in 1995 as an IMAX theatre, it was constructed beneath the front lawn of the Memphis Pink Palace Museum and is accessed through the lower level of the museum.

This theater was only one of three in the world with a movable screen which allowed the Crew Training International IMAX Theater to be used for movies as well as meetings, lectures and other large-scale presentations.

The Pink Palace Museum has converted its giant screen theatre to 3D digital, provided by D3D. The system features state-of-the-art Barco 4K single projector solution featuring RealD’s XLW 3D system and a premium QSC multichannel audio system, providing and unparalleled viewer experience along with substantially-increased functionality.

Experience a little holiday magic with these great Christmas movies now playing until December 31st… The Light Before Christmas 3D, The Polar Express 3D, and Frozen, Sing Along 2D.

Click here for the full list of movies and show times.

Be sure to stop by The Pink Palace on Thursday, December 24th at 3 p.m. for the Santa Send-Off! Wave goodbye to Santa as he takes off for the North Pole to begin his journey around the world!

For times, advance tickets and more information, call (901) 636-2362 or visit memphismuseums.org.

By and photo credit: memphismuseums.org

How Long Does It Take To Save A Down Payment?

by Melissa Thompson

How Long Does It Take To Save A Down Payment? | Keeping Current Matters

In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.

Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in each state and the amount needed for a 10% down payment, they were able to establish how long (in years) it would take for an average resident to save.

According to the study, residents in South Dakota are able to save for a down payment the quickest in just under 3.5 years. Below is a map created using the data for each state:

Years Needed to Save 10% Down | Keeping Current Matters

What if you only needed to save 3%?

What if you were able to take advantage of one of the Freddie Mac or Fannie Mae 3% down programs? Suddenly saving for a down payment no longer takes 5 or 10 years, but becomes attainable in under two years in many states as shown in the map below.

Years Needed to Save 3% Down | Keeping Current Matters

Bottom Line

Whether you have just started to save for a down payment, or have been for years, you may be closer to your dream home than you think! Meet with a local real estate professional who can help you evaluate your ability to buy today.

 

101 Things To Do In Memphis #93: Christmas Light Displays

by Melissa Thompson

 

Clark Griswold would be proud of these Memphis Christmas Lights!

If you were to roam around Memphis this time of year, you would think you were at The North Pole. Huge inflatable snowmen, mass arrays of lights, and garland hung from every corner, consumes just about every neighborhood in Memphis!

 

30,000 + lights with some set to your favorite Christmas carols, visit these great residential locations for some awesome displays:

It’s not just residents that get in on this holiday fun. Several retail and dining communities in Memphis, unite together and ensure their neighborhoods are ready for the holidays. Hang out, eat, walk, and shop while checking out the lights:

Visit any of Memphis’ traditional exhibits:

 

Photo credit: themagicoftheholidays.com

1436 Pecan Tree Drive

by Melissa Thompson

Welcome home to 1436 Pecan Trees Drive, an amazing home nestled in the Poplar Estates Subdivision in prestigious Germantown. Built for entertaining, this spacious home offers an open floor plan with impressive formal rooms, plus comfortable everyday living spaces. Quality features include gleaming wood floors, neutral colors, cozy fireplace, crown molding, built-in bookshelves, 3 bedrooms, new roof, new vinyl windows, new storm doors, and so much more! The great room flaunts a cozy brick fireplace with a mantle, beautiful wood floors, crown molding, built-in bookshelves with cabinets, neutral colors, and access to the backyard. Cooking will be a delight in this incredible eat-in kitchen with cabinet and counter space galore, gleaming wood floors, neutral colors, full complement of appliances including a self-cleaning oven, range, dishwasher, and double sinks. In addition, this kitchen offers a sunny breakfast area. The romantic dining room open to the kitchen and great room enhanced with a dazzling chandelier, gleaming wood floors, crown molding and a nice view of the backyard. The master retreat has gorgeous hardwood floors and 2 closets. The private master bathroom boasts a nice vanity, durable tile floor, extra wide door, and a tub/shower combination with grab bars. Two additional bedrooms complete this home, each with hardwood floors, closets, neutral color palette, and a shared full hall bathroom with a tub/shower combination and a laundry closet. Relax outside in the delightful fenced backyard with an awesome covered patio, perfect for cookouts and parties! This fabulous home also offers a 2 car carport, gutter guards, attic, lush landscaping, and not to mention it is in the Germantown Municipal School District!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

Charming Home in Bartlett Estates!

by Melissa Thompson

Welcome home to 5528 Ackerman Cove, an amazing Bartlett home that you will have to see to believe! This charming home offers spacious rooms, walk-in closets, neutral color palette, and a delightful backyard. Quality features include wood beams in the great room, a floor to ceiling brick wood burning fireplace, 3 bedrooms, 2 full and 1 half bath, full complement of appliances, laundry room with cabinets, and much more! The spacious great room boasts a cozy fireplace, wooden beams on the vaulted ceiling. The dining/living room combination is perfect for hosting dinner parties. The wonderful eat-in kitchen features vintage touches and an arched brick wall inlet and a full complement of appliances. This beautiful home also includes a delightful fenced backyard with a spacious patio for entertaining, a storage building, utility room, and a 2 car covered carport! Don’t miss out on this opportunity!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale. Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

Do You Know The Difference Your Interest Rate Makes?

by Melissa Thompson
 

Do You Know The Difference Your Interest Rate Makes? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Interest rates have come a long way in the last 30 years.
  • The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford.
  • Experts predict that rates will increase by 3/4 a percent over the next 12 months.
  • Secure a low rate now to get the most house for your money.

by 

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Melissa Thompson
Crye-Leike Realtors
6525 N Quail Hollow Road
Memphis TN 38120
(901) 729-9526
(901) 756-8900
Fax: (901) 435-0620