Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 17

It’s Time to Sell Your Home - Here is Why

by Melissa Thompson

Selling your home is a huge decision and one that should not be made impulsively.  If you are thinking about selling, but you’re not sure if you should, here are some signs to look for that will indicate that now is a good time to sell:

- Space is an issue.  Has your family grown since you bought your current home?  Do you have multiple people sharing bedrooms and bathrooms?  If your house is bursting at the seams, it might be time to let it go and find something a little bigger.  Alternatively, perhaps you have too much space.  If you bought the home when your family was large and now you are an empty nester, you may be ready to downsize.

- Neighbors are selling homes successfully.  If houses are selling like hotcakes in your neighborhood and your neighbors are making tidy profits on their sales, then that’s a cue that you should contact a Realtor to find out what your home is worth on the current market.

- Interest rates are low. When interest rates are low it is an advantage to sellers because a larger pool of eligible buyers can be expected.  Add to that the fact that the current inventory of homes for sale is low, and you have a seller’s market that will make your home even more desirable to prospective buyers.

- Remodeling won’t be worth it.  Maybe you want to stay in your current home and you think that remodeling is the answer.  But will the expense of remodeling to fulfill your wants and needs be worth it in the long run?  Will it add value to your home?  While you might have to do some updates to prepare your home for sale, if the market favors sellers, you might be better of selling and finding a new home to suit your needs.

- You’re confident the market is strong.  It’s important to educate yourself about what’s going on in the real estate market before you decide to put your house on the market.  An experienced Realtor like Melissa Thompson can help you understand the market and determine if now is the time to sell your house.

All signs are currently pointing at this being a good time to sell.  Contact the professionals at Your Key to Memphis and they can help you get your house on the market and sold for the best possible price! Call them today at 901-756-8900.

Germantown TN Open House! 9341 Grove Park Cove

by Melissa Thompson

9341 GROVE PARK CV, Germantown, TN

OPEN HOUSE July 29, Sunday 2:00 PM - 4:00 PM

$ Click for current price
4 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS |

For more information, contact Melissa Thompson at (901) 729-9526. Visit http://www.crye-leike.com/memphis/10032721 to view more pictures of this property. Because You Deserve It! Spectacular Home Situated on .43 Acres in a Quiet Cove in Prestigious Germantown Featuring 4BR+Huge Bonus Rm,Open Flr Plan,Gleaming Hardwood Flrs,NEW Carpet,Tons of Built-In Bookshelves,2Fireplaces,High Smooth Ceilings,Neutral Colors,2"Wood Blinds Thru-out,Arched Doorways,3Car Garage,2Story Foyer,Spacious Great Rm,Formal Dining Rm,Kitchen w/Full Complement of Appl Opens to Hearth Rm,3Attics,Large Fenced Backyard w/Patio! Neighborhood Pool & Clubhouse! Germantown Schools!

 


101 Things To Do In Memphis #27: Carolina Watershed

by Melissa Thompson

Discover re-imagined down-home classics that can blow your grandma’s socks off, and wash them down with creative cocktails and craft beers from your favorite bartender.

Located in the south end of downtown on East Carolina Avenue, Carolina Watershed is probably one of the coolest uniquely constructed restaurants in town — it’s constructed from metal grain silos! But it’s so much more than the one-of-a-kind architecture.

“It all boils down to the atmosphere, the handcrafted cocktails and the locally sourced food,” explains owner Mac Hopper. Mac partnered with talented local chef Andy Knight to create a spot that has tasty dishes, craft beers and fun cocktails with a Southern spin. “Our food at Carolina Watershed is based on a Southern deli to which all of our sandwiches come with a Southern side — turnip greens, fried okra, black eyed peas, cornbread, etc.,” explains Andy of the menu.

Explore a playground for all ages that includes rocks, cascading waterfalls, cozy nooks, an overlook, and stage areas for live music.

A crew of friendly Shed-Heads — servers, bartenders, and kitchen pros — will be working hard to make your visit an experience to remember. 

Hours: Monday and Tuesday, 11 a.m. to 3 p.m.; Wednesday and Thursday, 11 a.m. to 10 p.m.; Friday, 11 a.m. to 2 a.m.; Saturday, 9 a.m. to 2 a.m.; Sunday, 9 a.m. to 3 p.m.

141 E. Carolina Ave., Memphis, TN 38126 • (901) 321-5553 

By and photo credit: https://www.carolinawatershed.com/

http://www.yourkeytomemphis.com/Our-Video-Blog

Live Large in Collierville TN! 1331 Tuscumbia Road

by Melissa Thompson

1331 TUSCUMBIA RD, Collierville, TN

Just Listed

$ Click for current price
4 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS |

For more information, contact Melissa Thompson at (901) 729-9526. Visit http://www.crye-leike.com/memphis/10032245 to view more pictures of this property. LIVE LARGE in this Stunning home situated on a beautiful corner lot in the desired Estanaula Trails Subd in prestigious Collierville! Open Flr Plan, 2Cozy Fireplaces, Smooth Ceilings, Central Vac, Tons of Closet Space, Brazilian Cherry Hardwood Flrs, Gourmet Eat-In Kitchen, Hearth Rm w/Built-In Bookshelves, Spacious Great Rm, Formal Dining Rm, Romantic Downstairs Master Suite w/Luxury BA, 3Large BRs Up & 2Full BAs Plus Huge Bonus Rm(5thBR) plus Home Office, Fenced Backyard w/Patio, 3Car Garage!

 

Enjoy Downtown Memphis Life! 66 Monroe Avenue, Unit 306

by Melissa Thompson

66 MONROE AVE #306, Memphis, TN

Just Listed

$ Click for current price
1 BEDROOMS | 1 (1 full ) BATHROOMS |

For more information, contact Melissa Thompson at (901) 729-9526. Visit http://www.crye-leike.com/memphis/10032204 to view more pictures of this property. Sanctuary in the City! Enjoy Downtown Memphis Life in your 1 bedroom Condo with open floor plan, gleaming hardwood floors, gourmet kitchen with stainless steel appliances, spacious great room, lovely dining room, 2closets+extra storage room, in the fabulous Shrine building across from Bardog with panoramic view of the river from the roof top deck. Awesome indoor pool & fitness in basement complete with Sauna. Walk to U of M Law School, Redbirds stadium, restaurants & all the tourist attractions!

 

The Power of Negotiation

by Melissa Thompson

The Lost Art of Negotiation in the world of real estate is unfortunate because the truth of the matter is, if you don’t ask…you don’t get. While sellers want the highest price and buyers want the best deal, they must meet somewhere in the middle for the deal to close. Negotiation is a vital part of selling or buying a home because it is the largest asset people own and there is a lot of money at stake. Here are some guidelines for what sellers and buyers might ask for in real estate negotiations:

Price

Negotiating the best price means different things for sellers and buyers.  The seller wants the highest price and the buyer wants to pay as little as possible.  For a successful transaction, they must compromise and come up with a price that is acceptable to both.

Closing Costs

Prepaid closing costs are paid by buyers for their mortgage.  These are funds that the mortgage lender holds in escrow for expenses like taxes and insurance.  A buyer may ask a seller to cover some or all their closing costs either with a flat dollar amount or up to a percentage of what’s an allowable contribution for a lender.  If a buyer asks the seller to do this, they are likely going to pay a higher asking price.

Closing Date

Sometimes sellers want to get out of a home quickly because they need the capital from the house they are selling to put toward a new real estate purchase.  The closing date will also affect the buyer’s monthly cash-flow because when a buyer closes on a house, they skip the next month’s mortgage payment, therefore they may want to negotiate to close at the beginning of a month.

Financing Contingencies

When there is a financing contingency in place for a real estate transaction, it can tie up a seller’s property for a required 30 to 60 days.  For this reason, many sellers prefer buyers coming to the table with cash offers. If you are competing with cash buyers, you may want to figure out if you can drop the financial contingency, which will shorten the closing time line. You can do this by getting pre-approved for a home loan prior to making an offer.  Mortgage Preapproval shows that your finances are in order and you can afford the home.

Home Warranty

As a buyer, you can request a home warranty. As a seller, you can offer one. This home protection plan covers things like appliances and systems such as the hot water heater or air conditioning, in the event they need repair or replacement.

Leaseback

The moving process is stressful and labor intensive.  Sometimes a seller will need extra time to get into their new home.  When this happens, buyers can offer a zero-cost rent-back for 30 to 90 days to persuade the seller to accept their offer over others. 

Home Repairs

With a home that needs a lot of updating there comes ample opportunity for negotiation. Buyers need to consider the cost of bringing the home up to current standards and use the estimate of that cost to request a lower asking price.  The seller, on the other hand, can specify that the house is being sold “as is” and not offer any repairs.

Appraisal Contingency

A seller can push for a buyer to waive the appraisal contingency, however, if for some reason the appraisal falls short of the expected amount, they need to be prepared for the amount of cash they might have to pay should the bank only be willing to lend them money based on the appraised value.

Furniture

Personal property such as patio furniture, window treatments and chandeliers are all up for grabs. The buyer can ask for these things to be included in the contract. Sellers need to determine what they are willing to leave behind.  And any exclusions need to be specifically listed in the contract as well.

Appliances

Depending on the market, sellers don’t always leave every appliance for the buyer.  They may include the dishwasher, stove and built in microwave in the contract but not the refrigerator, washer, and dryer.  Sometimes they don’t want to give everything away up front so that they can use these as items for negotiation.

Inspection

When sellers waive inspection, they often find themselves with "buyer's remorse", but they can try to shorten the time frame for inspection, from ten days to five.  However, today’s lending practices and the TILA RESPA Integrated Disclosure (TRID) make this hard to do.

Condo/Co-op Assessments

These are fees that are used to maintain common areas in a community. If there is an open assessment, it can become a negotiation between the buyer and seller as to who will pay for it.

If you are looking for a professional Realtor to negotiate the best deal for you, call Melissa Thompson at 901-756-8900 today and let her help you with all your real estate needs!

Photo Credit: slideshare.net

This summer pair the beauty of Shelby Farms Park with cocktails and treats. 

 

Summer is now in full swing, but with temps scorching and schedules filling up with plans, it can be hard to find some time to sit and relax. Canoes and Cocktails happening at Shelby Farms Park seeks to remedy this. Starting close to sunset each night, participants can join a relaxing and guided paddle on Hyde Lake concluded with cocktails and farm-to-table treats on the AutoZone Front Porch. Bring your own kayak/canoe or rent one at the Hyde Lake Boathouse. 

 

Details 

  • When: June 28th, July 19th & 26th (6pm) 

  • Where: Hyde Lake @ Shelby Farms Park, 6903 Great View Drive North 
     

Get tickets here. 

  • Individual: 

  • $40 for Park Members | $45 for nonmembers 

  • Couples: 

  • $70 for Park Members | $75 for nonmembers 

  • 4-Pack: 

  • $150 for package of all four events (single) 

  • $300 for package of all four events (pair) 

  • Boat Rental Pricing for these events: 

  • Single Kayak: $10 

  • Stand-up Paddle Board: $12 

  • Double Kayak: $15 

  • Canoe: $15 

 

By and photo credit: https://choose901.com/shelby-farms-park-canoes-and-cocktails-happening-this-summer/ 

 

http://www.yourkeytomemphis.com/Our-Video-Blog

Making House Guests Feel at Home

by Melissa Thompson

Many people travel to visit family and friends during the summer.  If you are expecting house guests, you will want to prepare your home so that is comfortable and welcoming.  Here is a list of things to do before your guests arrive:

  • Buy Fresh Flowers - Even if you don’t keep fresh flowers in your home all the time, it’s nice to splurge a little to have them for your guests. You don’t have to spend a lot of money. You can often find lovely bunches of flowers at your local grocery store.  If you have a green thumb and grow flowers in your yard, that’s even better! Just clip some and place them in pretty vases around the house.
  • Clean Out and Restock the Refrigerator - Get rid of any lurking left-overs as well as any condiments that have passed their expiration.  Plan your meals for the duration of the visit and Stock the Fridge accordingly. Make sure you know your guests’ dietary needs and allergies prior to their arrival.
  • Make a Spare Key - Unless you plan to spend every second of the visit with your guests, you will want to give them a key so that they have the freedom to come and go if you are not home.
  • Have Extra Toothbrushes on Hand - You will be doing your guests a great favor by having extra personal items on hand in case they have forgotten something.  There is nothing worse after arriving from a long trip than having to go back out to purchase forgotten items.  Other items to have on hand: razors, deodorant, feminine hygiene products etc.
  • Clean Out the Guest Room Closet - If you’ve been using your guest room closet for storage, now is the time to clean it out.  Even if you don’t clear it out completely, make sure there is enough space for your guests to store their bags and hang clothes.
  • Clean Up the Clutter -  Having a cluttered home might be ok when it’s just you and your immediate family, but you will want to have a neat and tidy home for your guests.  You don’t have to go overboard.  You can leave out things you use daily, like the bag of dog food or the tv remotes. But put other extraneous items away for the duration of their stay.
  • Wipe the Ceiling Fan Blades - There are some things that often get overlooked in your normal cleaning routine.  Make sure to wipe down the ceiling-fan blades along with other nooks and crannies you might have missed before.  It’s also a good time to change your air filters if they haven’t recently been changed.
  • Replace Shower Curtain Liner - If you haven’t changed your shower curtain liner in the  guest bathroom recently, check it to make sure there is no mildew.  Liners are inexpensive and new one will give the bathroom a fresh feel. 
  • Prepare Guest Bath - Speaking of the Guest Bathroom - make sure it is fully stocked with plenty of toilet paper, facial tissues, shampoo, conditioner and body wash.  Splurge on some fragrant fancy soaps to place on the sink. Provide a stack of freshly laundered towels so that your guests don’t have to go looking for them.

Having guests in your home can be a little stressful sometimes. Preparing for their visit ahead of time will alleviate some of that stress so that you can enjoy their visit to the fullest!

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor, Melissa Thompson and let her help you with all your real estate needs. Give her a call at 901-729-9526 today!

Photo Credit: littlehouseliving.com

Open Houses, Sunday, July 15 from 2-4 in Collierville TN!

by Melissa Thompson
 
 
761 MEADOW VALE DR, Collierville, TN | $360000
 

Open House:
SUNDAY, JULY 15 | 2:00 PM - 4:00 PM

 

For more information, contact Melissa Thompson at (901) 729-9526. Visit...

 
 
 
 

 
 
424 KAYLEY CV, Collierville, TN | $474900
 

Open House:
SUNDAY, JULY 15 | 2:00 PM - 4:00 PM

 

For more information, contact Melissa Thompson at (901) 729-9526. Visit...

 
 
 
 
 
Get Your Free Home Value Now!
 
Search All Homes For Sale
Featured Properties
Free Home Values
Testimonials
Homes Close to Where You Work
Avoid Foreclosure
 
 
MY REVIEWS
 
 
 
Melissa Thompson
Crye-Leike Realtors
901-729-9526
Licensed In: TN
License #: 231600
Contact Me

         
 

Look No Further! 8040 Farmington Blvd, Germantown

by Melissa Thompson
 
Germantown, TN Home for Sale!
 
 
JUST LISTED
 
 
View the Property Details, Photos, Map & School information here!
 
8040 FARMINGTON BLVD Germantown, TN 38138
 

Bedrooms: 4 | Bathrooms: 2 full, 1 half | List Price: $ Get Current Price

 

For more information, contact Melissa Thompson at (901) 729-9526. Visit http://www.crye-leike.com/memphis/10031127 to view more pictures of this property. Look No Further...This Amazing All on One Level, 4BR, 2.5 BA Home Situated on a Nice Corner Lot in Prestigious Germantown is It!Cool Off in the Sparkling In-Ground Pool or Relax Under the Covered Patio. Cooking will be a Delight in the Updated Eat-In Kitchen Equipped w/Desirable Granite Countertops & Full Complement of Appl(Double Oven).Snuggle Up Beside the Romantic Fireplace in the Spacious Great Rm.Enjoy Comfortable Everyday Living in the Living Rm.Host Dinner Parties in the Lovely Dining Rm.

 
Follow This Home!
 
Schedule a Showing
Featured Properties
Free Home Values
Testimonials
Homes Close to Where You Work
Avoid Foreclosure
See Property Details
 
NotShowingFlag
 
NotShowingFlag
 

 
  Courtesy:
Melissa Thompson
Crye-Leike Realtors
Email Me Now
901-729-9526
Licensed In: TN

License #: 231600
Link on Facebook   Link on Twitter   Follow us on Facebook   Connect on Google+ Connect on LinkedIn
 
   
 

Displaying blog entries 1-10 of 17

Syndication

Categories

Archives

Contact Information

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