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Displaying blog entries 1-10 of 17

1911 Talisker- Unbelievable Cordova Home!

by Melissa Thompson

Welcome home to 1911 Talisker Drive, an amazing home situated in the sought after, gated, Glen Lakes subdivision that you will have to see to believe! Built for entertaining, this spacious home offers an open floor plan and quality features including gleaming hardwood floors, neutral colors, cozy fireplaces, coffee bar, granite, attic, 2 car garage with storage, office/mud room, 3 bedrooms, 2 baths, security system, high smooth ceilings, updated fixtures and so much more! Enjoy comfortable everyday living in the captivating great room flaunting an arched inlet above the cozy fireplace, perfect for those cold winter nights. Cooking will be a delight in this incredible eat-in kitchen with cabinet and counter space galore, granite, upgraded cabinets, island, pantry, full complement of stainless steel appliances including a self cleaning oven, microwave, dishwasher, double sinks and cook-top. In addition, this kitchen offers a sunny breakfast area, which is the perfect spot to enjoy your morning coffee. You will rest easy in your private master retreat complete with a walk-in closet and a coffee bar with a sink, stainless steel microwave, and mini refrigerator. The spa-inspired luxury master bathroom boasts an elongated dual sink vanity, durable tile floor, relaxing whirlpool tub and a divine walk-in shower. This home offers two additional bedroom...each comes complete with soaring smooth ceilings, soothing ceiling fans, hardwood floors, closets and a shared full hall bathroom with a tub/shower combination. Relax outside in the delightful backyard with a nice patio, perfect for cookouts and parties!

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.

5 Reasons to Sell This Summer

by Melissa Thompson
5 Reasons to Sell This Summer | MyKCM

As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why:

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows thatbuyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this summer.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2017.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae just announced that they anticipate an acceleration in home sales that will surpass 2007's pace by late summer. As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler.

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.3% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

You can also lock-in your 30-year housing expense with an interest rate below 4% right now. Rates are projected to increase by nearly a full percentage point in the next 12 months.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

By: KCM Crew

5315 Spruce View Way- Breathtaking Lakeland Estate!

by Melissa Thompson

Welcome home to 5315 Spruce View Way, a breathtaking Lakeland home you will have to see to believe! Quality features include 4 bedrooms (2 down), 3 bathrooms, gleaming hardwood floors, open floor plan, arched doorways, smooth ceilings, and so much more! The gourmet kitchen has granite counters and a full complement of stainless steel appliances, as well as gorgeous wood cabinetry and an attached keeping room with beautiful tile floor. The spacious great room offers a vaulted ceiling and cozy fireplace perfect for cool nights. Host the finest of dinner parties in the dining room with hardwood floors and an elegant chandelier. The master suite offers plenty of space to rest and relax, and the master bath features double vanity sinks, whirlpool tub, separate shower, and a tile floor. The 3 additional bedrooms feature large closets and plush carpeting. The large playroom gives you plenty space to entertain and play. A 2 car garage, fenced backyard, laundry room, and Lakeland schools make this a home not to miss!

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.

157 Doris Meadow Cove - Amazing 4 Bedroom Collierville Home!

by Melissa Thompson

Welcome home to 157 Doris Meadow Cove, an amazing Collierville home that you will have to see to believe! Built for entertaining, this spacious home offers impressive formal rooms, plus comfortable everyday living spaces. Quality features include a gourmet kitchen, fireplace, crown molding, 4 bedrooms, 2.5 baths, office, neutral colors, enormous playroom, entry hall, laundry room, walk-in attic, 2 car garage, and so much more! Enjoy comfortable everyday living in the captivating great room flaunting an eye catching cozy fireplace, perfect for those cold winter nights. Cooking will be a delight in this incredible eat-in kitchen with cabinet and counter space galore, pantry, breakfast bar, and a full complement of appliances including a dishwasher, cook-top, stainless steel oven and microwave. In addition, this kitchen offers a sunny breakfast area overlooking the backyard. Work from home in the wonderful downstairs office. Host the finest dinner parties in the romantic dining room embellished with a dazzling chandelier. You will rest easy in your master retreat complete with a walk-in closet, and a private luxury spa-inspired luxury bathroom boasting double vanities, durable tile floor, relaxing whirlpool tub and a separate walk-in shower. This home offers three additional bedrooms...each comes complete with plush carpeting, closets and a shared full hall bathroom with a tub/shower combination. Play, party and entertain in the spacious playroom. Relax outside in the beautiful backyard with a delightful patio, perfect for cookouts and parties! This amazing home is in the Collierville 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.

101 Things To Do In Memphis #20: Sky Zone Memphis

by Melissa Thompson

Sky Zone is the world’s first indoor trampoline park. They are the inventors of “fun fitness” and the makers of trampolines as far as the eye can see. They give you one of the greatest workouts ever combined with AWESOME, HEALTHY FUN. They have been voted the number one “out of the box” workout and the “best party ever.” Experience WOW – the weightlessness of bouncing, flipping and landing in a pit filled with 10,000+ foam cubes.

They are dedicated to providing you with the pure joy that comes with FLYING. They are sky lovers, thrill seekers and people who believe that jumping is freedom. They believe fitness can be fun and play can be smart. They are healthy and bursting with energy. They fly high and keep it safe. THEY ARE SKY ZONE!

Sky Zone Las Vegas launched the brand in 2004 and was the first of its kind.  Sky Zone is now open nationally and globally.  Sky Zone Memphis opened as the 16th location in the system and looks forward to offering Memphis and the surrounding markets the gift of FLIGHT!  Join us at our location in Memphis, TN for open jump, a SkySlam dunk court, SkyFit classes, Ultimate Dodgeball, Foam Zone, Virtual Dodgeball, and much more.  Sky Zone is FUN for just about any age, shape or size and Sky Zone Memphis is the ultimate 3-D play experience!

If you’ve not given Sky Zone a chance yet, visit them at 5355 Distriplex Farms Dr, Ste 103 in South Memphis. To save time, fill out the waiver forms on their site first. Let us know what you think!

Visit their website or call (901) 322-3281 for more information. Have Fun, Fly Safe!

 

By and photo credit: Sky Zone Memphis 

8516 Buckhurst Road- Fantastic Cordova Home!

by Melissa Thompson

Welcome home to 8516 Buckhurst, an amazing move-in ready, 4 bedroom home in Cordova that you will have to see to believe. This spacious home offers impressive formal rooms, plus comfortable everyday living spaces. Quality features include neutral colors throughout, gleaming hardwood floors, huge bonus room, fenced yard with patio, and so much more! The wonderful, light filled great Room boasts gleaming hardwood floors, vaulted ceilings with a cooling ceiling fan, and a cozy brick fireplace. Host the finest dinner parties in the romantic dining room with a dazzling chandelier, wood floors, and crown molding. Cooking will be a delight in this incredible eat-in kitchen equipped with durable tile floors, pantry, granite countertops, and a full complement of appliances. You will rest easy in your very own master retreat with cooling ceiling fan and plush carpet and a private bathroom with a whirlpool tub, separate shower and skylight. This home also boasts 3 additional spacious bedrooms that share 2 full size baths. Bedrooms all features plush carpeting and fresh neutral paint. Enjoy relaxing in the spacious play room, complete with 2 cooling ceiling fans. Relax outside in the fenced backyard featuring a large patio, perfect for cookouts and parties! Don’t miss out on this amazing 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 Homeowners Realize Their Equity Position Has Changed?

by Melissa Thompson

Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year.

study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as their home has increased in value.

For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic’s report shows that only 8% of homes are in that position. 

The study also revealed that only 37% of Americans believe that they have “significant equity” (greater than 20%), when in actuality, 74% do!

Do Homeowners Realize Their Equity Position Has Changed? | MyKCM
This means that 37% of Americans with a mortgage fail to realize the opportune situation they are in. With a sizable equity position, many homeowners could easily move into a housing situation that better meets their current needs (moving to a larger home or downsizing).

Fannie Mae spoke out on this issue in their report:

“Homeowners who underestimate their homes’ values not only underestimate their home equity, they also likely underestimate: 1) how large a down payment they could make with their home equity, 2) their chances of qualifying for mortgages, and, therefore, 3) their opportunities for selling their current homes and for buying different homes.”

CoreLogic’s report also revealed that if homes were to appreciate by an additional 5%, over 800,000 US households would regain positive equity.

Bottom Line

If you are one of the many homeowners who is unsure of your current equity situation, let's meet up to discuss your options.

 

By: KCM Crew

8653 Heatherly Cove- Incredible Germantown Home

by Melissa Thompson

Welcome home to 8653 Heatherly Cove, a stunning home nestled in the Oakley Subdivision in celebrated 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 exotic Brazilian maple floors, fresh neutral paint, soaring smooth ceilings, 2 fireplaces, 5 bedrooms plus library/office and playroom, 2 car garage, and so much more! Enjoy comfortable everyday living in the captivating keeping room with its impressive stone fireplace. The Great Room/Living Room also boasts as cozy fireplace. Cooking will be a delight in this breathtaking eat-in kitchen with cabinet and counter space galore, granite, durable tile floors, island, pantry and a full complement of stainless steel appliances. In addition, this kitchen offers a spacious breakfast area. Host the finest dinner parties in the romantic dining room . You will rest easy in your downstairs master retreat with walk-in closet, sitting area, built in bookcases, and spa-inspired luxury bathroom featuring two vanities, relaxing whirlpool tub and a divine walk-in shower. This home offers 3 additional bedrooms downstairs, as well as 1 bedroom upstairs. The downstairs office boasts gorgeous built in bookshelves. You will also find a large media room with fabulous wet bar offering a great space for relaxing and entertaining. Relax outside on the deck overlooking the spacious backyard with pond. This amazing home is in the Germantown 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.

101 Things To Do In Memphis #19: Battlefront Lasertag and Paintball

by Melissa Thompson

Situated in a private 20-acre forest at Shelby Farms Park, Battlefront Laser Tag and Paintball is the newest option for outdoor fun. They offer outdoor laser tag and paintball games like you have never seen or played before!

Whether you are planning a small family outing or a large group game, they have space and equipment for you! The wooded playing fields are loaded with obstacles and bunkers to hind behind. Playing at Battlefront is an experience that you will never forget. They use top-of-the-line equipment to create top-of-the-line fun for players of all ages and skill level, so there are a variety of ways to play. 

Lasertag: Players run through the woods and use the natural cover to out last opposition. Teams face off in several 10 minutes games of capture the flag and elimination.

SWAT Laser Tag: Long Range, Working Red Dot Scopes, Voice Feedback, 400 Yard Range. 1 hour of unlimited games for $24.99

Paintball: offer as it was intended to be played, in the woods! The wooded fields offer great cover for snipers, ambushes and fire fights… Teams face off in several 10 minute games of capture the flag and elimination.

Packages:
$24.99 includes admission, semi-automatic paintball gun, a protective face mask, 250 paintballs and unlimited games for 1 hour.

$29.99 includes admission, semi-automatic paintball gun, a protective face mask, 500 paintballs and unlimited games for 2 hour.

Paintball is offered to ages 10 and up, and laser tag is for ages 7 and up.

Players of all ages agree that BATTLEFRONT is the BEST place to play paintball and laser tag in Memphis! Get out and play!

Located at 6791 Walnut Grove Road. For more information, visit their website or call 855.901.7529

 

By and photo credit: battlefrontmemphis.com

 

What’s Happening in the Real Estate Market?

by Melissa Thompson
What’s Happening in the Real Estate Market? | MyKCM

This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors.

Here are the top takeaways from the week of presentations:

Many of the conversations at the conference came back to the impact that Millennials and first-time home buyers will have on the market in the future. Jonathan Smoke, Chief Economist for realtor.com had this to say: 

“At any given time in our history, demographics would explain 60-80% of what’s happening [in the market], and we are in a period of time where Millennials make up a largest demographic group according to the Census, at 84 million.”

According to the National Association of Realtors (NAR), the median first-time home buyer age is 30 and many millennials are entering a prime age to drive the housing market into the future.

Lawrence Yun, Chief Economist for NAR shared that myths and affordability may be holding back potential buyers:

“84% of current renters have the desire to own. While 36% believe they cannot afford a home and 60% of renters believe it would be ‘difficult’ to qualify for a mortgage.

Ellie Mae’s Vice President, Jonas Moe encouraged buyers to know their options before assuming that they do not qualify for a mortgage: 

“Many potential home buyers are 'disqualifying' themselves. You don't need a 750 FICO Score and a 20% down payment to buy.”

The National Multifamily Housing Council (NMHC) revealed that Millennials and Baby Boomers are often competing for the same housing inventory, causing a challenge as these two groups are the largest generations by population.

Both groups are looking for affordable, convenient homes close to city centers and ‘what’s happening.’

Bottom Line

The experts agree that homeownership is still desirable across all demographic groups, with Millennials and Baby Boomers having a great impact on available supply. If your dreams include owning your own home, let’s get together and evaluate your ability to buy now!

 

BY: KCM Crew

Displaying blog entries 1-10 of 17