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Germantown TN Home For Sale: 8340 S Westfair Circle, Germantown TN 38139

by Melissa Hayes Thompson

Germantown TN Home For Sale

8340 S Westfair Circle, Germantown TN 38139

Located in the Allenby Westfair Subdivision of prestigious Germantown, this 3 bedroom brick home is an absolute gem! A new roof, skylights, gutters and gutter guards, plus gleaming wood floors, high ceilings, two story foyer, neutral colors, plantation shutters, an irrigation system, 2 car garage and a neighborhood pool are awaiting the lucky buyer. A gorgeous formal dining room is sure to please the most distinguished guests. The designer kitchen with all the bells and whistles makes it easy to create culinary masterpieces featuring granite counters, tile backsplash, great cabinet space and a full complement of appliances. Family and friends can join the chef in the sun filled eat in area and be the first to sample your goodies. The spectacular great room is sure to be a favorite gathering space with a cozy fireplace to toast your toes. Gleaming wood floors and heavy crown molding highlight the main level master suite. Soak your cares away in the spa like master bath with whirlpool tub, separate shower, and double vanity. The two generously sized bedrooms on the second level with plush carpeting and crown molding are sure to please. The large bonus room provides the perfect space for a man cave, playroom or office. Bask in the summer sun in your private, fenced in backyard with large patio or take a dip in the neighborhood inground pool. There is something for everyone in this delightful home. Call today for your private tour.

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.

Homeownership as an Investment: The Role of Price Appreciation

by Melissa Hayes Thompson
 

Homeownership as an Investment: The Role of Price Appreciation | Keeping Current Matters

We recently posted on the results from the latest Home Price Expectation Survey(HPES) showing where residential home prices are headed over the next five years. Today, we want to show you what the results of the report could mean to you.

A good portion of every family’s wealth comes from the equity in the home they live in. As the value of their home (an asset) increases so does their equity. Let’s look at a possible case scenario based on the latest HPES.

Here is a chart showing the survey’s projections on annual appreciation over the next five years:

Projected Mean Percentage Appreciation | Keeping Current Matters

We then looked at the five-year impact this would have on the equity of a family that purchased a home in January for $250,000:

Home Price Appreciation | Keeping Current Matters

Their family wealth (based on increased equity) would increase by $47,772 over those five years.

Bottom Line

If you don’t yet own, perhaps you should be thinking about purchasing. If you already own, maybe it’s time to move up to enjoy your dream home and also ride the increase in equity of the larger asset.

 

Collierville TN Home For Sale: 140 E Porter Run Drive, Collierville TN 38017

by Melissa Hayes Thompson

Collierville TN Home For Sale

140 E Porter Run Drive, Collierville TN 38017

Welcome home to 140 E Porter Run Drive, an amazing 4 bedroom brick home in prestigious Collierville. This home features the ultimate flowing floor plan allowing for both relaxed and formal entertaining. Beautiful hardwood floors, high ceilings, crown molding, updated fixtures, professional landscaping, and an attached two car garage are just a few of the perks waiting for your enjoyment. Imagine all the delicious meals you can create in this stunning designer kitchen! Flourishing with gorgeous cabinets, lovely granite counters, backsplash and a full complement of stainless steel appliances. Family and friends can join the cook in charming breakfast room with vaulted ceilings. Entertain in style in the open great room with dining area highlighted with a gas fireplace, soaring ceilings, dazzling chandelier – a space sure to impress the most distinguished of guests. The lovely living room is a place one could happily linger throughout the day. Host the finest dinner parties in the formal dining room with vaulted ceilings. You will rest easy in your main level master retreat with vaulted ceilings, double walk in closets, plus a luxury bath with whirlpool tub, separate shower, and double sinks. Laundry room located off the master with cabinets and granite counters. Three additional bedrooms on the second level are ample in size and share a spacious bathroom. Relax on your rear patio overlooking a private, fenced yard - the perfect space for grilling, chilling, and entertaining! Guests will leave with a lasting impression. An unmistakable sense of elegance combined with distinctive design is matched by a wealth of comfort and pleasant living. Do not hesitate, this gorgeous home won’t last!

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.

 

Memphis TN Home For Sale: 418 Greenfield Road, Memphis, TN 38117

by Melissa Hayes Thompson

Memphis TN Home For Sale

418 Greenfield Road, Memphis, TN  38117

One level living at its finest! Magnificent painted brick home in the heart of East Memphis in The Village Subdivision. Many quality features await the lucky buyer of this 3 bedroom home including hardwood floors, two fireplaces, built in bookshelves with cabinets, crown molding, neutral colors, interior shutters, renovated kitchen, security system, two decks, and a large attic with cedar closet! Granite countertops, large island with sink and wine rack, an abundance of cabinetry, stainless steel appliances including a 6 burner gas cooktop, double ovens, and Kitchen Aid huge refrigerator, make cooking a delight in this renovated and enlarged eat in kitchen. A separate breakfast room off the kitchen is illuminated with natural light. The large great room is sure to be a favorite gathering place where guests can toast their toes by the cozy fireplace. Enjoy formal entertaining in the elegant dining room then retreat to the formal living room for after dinner drinks, the perfect spaces for holiday and family gatherings. Relax at days end in your spacious master suite with multiple closets and updated full bath with granite vanity. Fantastic secondary bedrooms offer ample growing space and share a lovely bathroom complete with vanity and a tub/shower combination. Grab a good book and step outside onto one of the two delightful decks overlooking the private, fenced backyard with lush landscaping persuading you to unwind; it’s a place one could happily linger throughout the day. This home shows wonderfully, a must see!

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 #64: Memphis Italian Festival

by Melissa Hayes Thompson

Join in on a celebration of all things Italian this Thursday, Friday and Saturday, May 28-30th for a “can’t miss” Memphis tradition - The Memphis Italian Festival!

For 25 years the Holy Rosary Parish has hosted what is considered to be the finest family oriented, community event in the entire Mid-South, according to Memphis Parent Magazine.Demonstrating the value of family, faith and fellowship in the Italian-American tradition through music, food, events, games, and more for the benefit of the children of Holy Rosary Parish School. Take a seat on the lawn, visit with friends, listen to outstanding musical entertainment, and enjoy the food, beverages and all around good time! 

There are numerous vendors serving everything from toasted ravioli to cannoli, along with classic festival fair from funnel cakes to Pronto Pups. Escape the heat and enjoy your dinner in air conditioned Luigi’s Café overlooking the park and enjoying the music or grab a picnic basket from Luigi’s Market and have your supper on the field. Looking for a more interactive dining experience? Join one of the many area restaurants conducting cooking demos or participate in one of the team cooking contests including the Spaghetti Gravy Contest!

No festival would be complete without live music! Rock out the Italian way on two stages of nationally renowned and local musical artists performing blues, rock, and pop acts headlined by the Gin Blossoms.

This year Luigi has been busy cooking up new games and activities for Luigi Land.  There are 10 new carnival games, mini carnival rides, inflatables and the very famous and fun bungee trampoline. You can also participate in bocce ball, cornhole and volleyball tournaments or participate in the Luigi’s 5K.

Located at Marquette Park, on the corner of Mt. Moriah and Park Avenue. Gates open at 5 p.m. on Thursday, May 28th and at 11 a.m. on Friday 29th and Saturday 30th. Visit the website for more information.  

A little taste of Italy, right here in Memphis!

 
By and Photo Credit: memphisitalianfestival.com

MEMORIAL DAY AN AMERICAN HOLIDAY

by Melissa Hayes Thompson

Memorial Day, an American holiday observed on the last Monday of May, honors men and women who died while serving in the U.S. military. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in parades. Unofficially, at least, it marks the beginning of summer.

Bartlett TN Home For Sale: 6163 Kimberly Elise Drive, Bartlett, TN 38135

by Melissa Hayes Thompson

Bartlett TN Home For Sale

6163 Kimberly Elise Drive, Bartlett, TN  38135

Incredible 4 bedroom home overlooking the 6th fairway of the Quail Ridge Golf Course! This appealing traditional home features gleaming hardwood floors, 9 ft ceilings, 2 story foyer, crown molding, neutral paint colors, new dimensional shingle roof, updated fixtures, arched doorways, hearth room, media room, recessed lighting, security system and is a Vesta Home Show floor plan winner! The stylish kitchen is a cooks dream come true with all the bells and whistles to create culinary masterpieces including granite countertops, an abundance of cabinetry, double ovens, spacious walk in pantry, plus a large eat in area. Located off the kitchen is the delightful hearth room enhanced with tons of windows illuminating the room with natural light. A romantic formal dining room with sleek sophistication is ideal for stylish dinner parties. Entertain family and friends in the inviting great room with a warm gas log fireplace. The main level master suite is sure to please with tray ceiling, three walk in closets and a pampering bathroom with granite double vanity, whirlpool tub, and separate shower. Three generously sized bedrooms on the second level share a full bathroom. Large laundry room with built-ins helps keep things tidy. An awesome media room is a thriving space to unwind with surround sound, dimming lights and darkening curtains. A relaxing patio overlooking the beautiful backyard with golf course views makes this the perfect place for grilling and chilling! Don't miss the opportunity to retreat from the hustle and bustle of everyday life, simply by coming home!

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.

More Home Buyers Putting Less Down

by Melissa Hayes Thompson

More Home Buyers Putting Less Down | Keeping Current Matters

recent post by the National Association of Realtors (NAR) revealed that in the months of December 2014 through February 2015, there was an increase in the number of first-time buyers making a down payment of 6% or less as compared to last year:

  • 2014: 61% of first time home buyers
  • 2015: 66% of first time home buyers

While the number of small down payments is lower than it was in 2009 when 77% of down payments were 6% or less, it does show the recent decisions by both Fannie Maeand Freddie Mac to offer 3% down payment options to certain buyers is impacting the market. FHFA Director Mel Watt recently explained why Freddie and Fannie made this decision:

“The new lending guidelines by Fannie Mae and Freddie Mac will enable creditworthy borrowers who can afford a mortgage, but lack the resources to pay a substantial down payment plus closing costs, to get a mortgage with 3% down. These underwriting guidelines provide a responsible approach to improving access to credit while ensuring safe and sound lending practices.”

This is great news to millions of purchasers that have been denied the opportunity to own their own home because of the almost impossible burden of saving for a 20% down payment.

Will these programs create future challenges?

Certain pundits fear that low down payment programs will create a wave of foreclosures down the road. Mr. Watt also addressed this concern:

“To mitigate risk, Fannie Mae and Freddie Mac will use their automated underwriting systems, which include compensating factors to evaluate a borrower’s creditworthiness. In addition, the new offerings will also include homeownership counseling, which improves borrower performance. FHFA will monitor the ongoing performance of these loans.”

Also, the Urban Institute revealed data showing what impact substantially lower down payments would have on default rates in today’s mortgage environment. Their study revealed:

“Those who have criticized low-down payment lending as excessively risky should know that if the past is a guide, only a narrow group of borrowers will receive these loans, and the overall impact on default rates is likely to be negligible. This low down payment lending was never more than 3.5 percent of the Fannie Mae book of business, and in recent years, had been even less. If executed carefully, this constitutes a small step forward in opening the credit box—one that safely, but only incrementally, expands the pool of who can qualify for a mortgage.”

Here are the direct links to the guidelines for each program:

Fannie Mae 3% Down Program

Freddie Mac 3% Down Program

Remember, as with any new program, there will be some confusion. Contact your mortgage professional for a deeper understanding.

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Germantown TN Home For Sale: 9300 Hollow Creek Cove, Germantown, TN 38138

by Melissa Hayes Thompson

Germantown TN Home For Sale

9300 Hollow Creek Cove, Germantown, TN 38138

Elegant formal detailing and distinctive design are matched by a wealth of comfort and pleasant living in this gorgeous five bedroom home! Situated on a sprawling two acres in Germantown a prestigious presence is beyond evident! Quality features include an entertainer’s floor plan, soaring ceilings, spacious rooms, hardwood, tile and marble flooring, impressive moldings, built in bookcases, two grand staircases, balcony overlook, office, bonus room, inground pool, a new roof, and alarm system…. Just to name a few! Style and utility were masterfully fused together in the gourmet kitchen with granite counters, oversized chefs island with bar seating, full complement of stainless steel appliances, an abundance of cabinetry, pantry and separate breakfast nook. The 2 story great room offers incomparable space for entertaining guests, characterized by a keen sense of grace and comfort. Host the finest dinner parties in the formal dining room with a dazzling chandelier. The luxurious master retreat provides a soothing oasis of special conveniences and comforts at day’s end with a quiet sitting area and cozy fireplace.  Indulge in the lavish master bathroom with his and hers vanities, whirlpool tub, separate shower and huge walk in closet! Four massive secondary bedrooms with plush carpeting, neutral paint, and all connecting to lavish baths.  Enjoy privacy in the resort style backyard with a sparkling in ground Gunite pool, covered patio, pavilion area, outdoor fireplace, koi pond and lush landscaping – an incredible space to entertain or just relax! There is an attached 3 car garage plus a detached 2 car with half bath and office with full bath, all heated and cooled! Look no further, this is the home you have been waiting for!

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 #63: The Orpheum Theatre Summer Movie Series

by Melissa Hayes Thompson

The Orpheum Theatre's Summer Movie Series kicks off its fourth year offering a much anticipated line up of fan favorites, classics, comedies, and family-friendly features starting June 4th thru August 28th. The Orpheum Theatre is one of the few remaining “movie palaces” of the 1920’s and has become a beloved summer tradition here in Memphis. Located at the corner of Main and Beale Streets, the historic Orpheum Theatre, considered “The South’s Finest Theatre”, is a premier entertainment venue. The Orpheum has served its community as an Opera house, a vaudeville venue, and a first-run movie palace. Currently, in addition to the movie series, The Orpheum presents touring Broadway productions, concerts, comedians, and special events year-round.  

There is sure to be something for everyone with the many popular titles on this year’s list. Notable movies include Back to the Future, Clueless, Airplane!, Top Gun, The Wizard of Oz, Star Trek II: The Wrath of Khan, Young Frankenstein, and the much-anticipated return of Gone with the Wind.  The Orpheum will celebrate the 50th Anniversary of The Sound of Music with a special screening where audiences will be encouraged to sing along.  To honor the life of Orpheum friend Robin Williams, the Orpheum will also present the star-studded adventure Hook.

Make sure to arrive early, The Orpheum offers exciting, fun-filled activities in the lobby prior to each film including movie trivia contests, costume parades, a “selfie station,” special guest appearances, movie-themed drink specials, and pre-show performances on the Orpheum’s Mighty Wurlitzer Organ. Keep an eye out for special appearances by Grizz and the Grizz Girls before the family matinee showing of Space Jam or The Passport, a local Memphis band, set to play before Top Gun, the first film of the season! 

Tickets are on sale now at The Orpheum Box Office (901.525.3000) and the ticket counter at The Booksellers at Laurelwood.  Online sales for individual movie titles will be available soon. Tickets are $7 for adults and $5 for children under 12.  Packages of ten tickets are available for $50. Visit the website for more info. 

By and photo credit: orpheum-memphis.com

Displaying blog entries 1-10 of 15