Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 603

101 Things To Do In Memphis #89: RiversArtsFest

by Melissa Thompson

In 2016, RiverArtsFest was named one of The Best Festivals & Fairs in Tennessee by Travel Magazine!

RiverArtsFest is a street celebration of the visual, performing and culinary arts with attractions and activities for all ages! Nearly 200 artists from around the country gather to exhibit and sell their latest works of original fine arts in what’s become the largest outdoor-juried artist market and urban street festival in the Mid-South.

A successor to Arts-in-the-Park, RiverArtsFest is in its tenth year located in the heart of the Historic South Main Arts District in Downtown Memphis, TN. This area is an ideal location since it is easily accessible from major streets and expressways and is home to many of the city’s finest galleries and restaurants with lots of free parking to be found.

RiverArtsFest 2017 will feature:

  • A juried artist market featuring 190+ gallery quality artists in an open air setting
  • An invitational art show held off-site at Askew Nixon Ferguson Architects gallery
  • Live musical entertainment featuring 30+ acts across three stages
  • Live street performances daily throughout the festival grounds
  • Culinary delights in two food court areas and beer and wine throughout the grounds
  • Local artists introducing new and innovative artistic techniques while interacting with the public
  • Hands On Art projects for kids of all ages encouraging them to explore their creative energies at interactive art stations

Don’t forget the tasty Southern food!

Visit the website for FAQ, the music line up, sponsors, ways to get involved and so much more!

Friday-Sunday, October 27, 28 & 29. 


Admission and Hours of Operation:
FREE Friday evening only, 6p to 9p Rockin' RiverArts Show concert and limited market
$5 Saturday, 10a to 6p
$5 Sunday, 10a to 5p
Children under 10 free.

By and photo credit: riverartsmemphis.org

View our Video Blog

101 Things To Do In Memphis #88: Guide To Halloween Events In Memphis 2017

by Melissa Thompson

Even though Halloween is on October 31, the entire month is packed full of fun ways to celebrate. Check out our list of how you can enjoy the ghostly holiday and get in the spooky spirit.

On Friday and Saturday nights in October, actors clad as ghostly apparitions haunt the herbaceous hallways of a spooky tractor ride. A giant jumping pillow launches kids skyward and gently cushions their falls, and a corn cannon fires ears of corn at targets up to 100 yards away. Anyone who hits a target wins a prize from one of the maze’s sponsors and the right to eat nothing but popcorn balls until Thanksgiving. And as always, the haunted Corn Maze is guaranteed to frighten Memphians of all ages.

  • October 12, 13, 14, 19, 20, 21, 22, 26, 27, 28, 29, and 31st – Wicked Ways Haunted House – 7pm-12am on Friday’s & Saturday’s, 7pm-10pm on Thursday’s & Sundays, & 7pm-1am on Halloween

This Halloween season, dare to to enter Memphis’ largest indoor Haunted House. Featuring multiple areas to explore, tickets start at $20 with VIP tickets and group rates available.

Memphis College of Art (MCA) presents Le Monster Part Boo, a collaborative exhibition between Le Bonheur Children’s Hospital and the MCA community of students, faculty and staff who have reimagined drawings of monsters originally created by the hospital’s child patients. The exhibition will be on view Oct. 7 to Nov. 4 in Rust Hall at MCA. Patient drawings will be displayed alongside the final artworks. A family-friendly, monster-themed celebration of the exhibition will take place Saturday, Oct. 28 from 6–8 p.m. in Rust Hall, and guests are encouraged to wear costumes or monster-themed attire. Candy, crafts, and drinks, too! Gallery hours are Monday–Friday, 8:30 a.m.–5 p.m.; Saturday, 9 a.m.–4 p.m. and Sunday, noon – 4 p.m.

Fan of Tim Burton’s Halloween classic? Test your knowledge at a Nightmare Before Christmas trivia night at LBOE and The Casual Pint Highland Row. This event is free but you must make a reservation to attend.

Join the Levitt Shell in watching this Halloween classic. Food trucks and concessions will be available for purchase.

Join Collierville United Methodist for a fun night filled with bounce houses, a rock wall, food trucks, local craft vendors, trunk or treat, and live music.

Come out to Shelby Forest for a night of frights! There will also be a Harvest Fest for the kids with a hay maze, pumpkins,  face paintings, and candy.

  • October 20th-22nd and 27th-31st – Zoo Boo – 5:30 pm to 9:30 pm – $10 to $12 for members and $12 to $15 for non-members

Join the Memphis Zoo for their annual ZOO BOO celebration. Mazes, hayrides, candy stations and more will be ready for guests to enjoy along with the exhibits!

Support Le Bonheur and those they serve by participating in the Le Bonheur Pumpkin Run 5k & Family Walk! Participants are highly encouraged to dress up in their Halloween costumes and enjoy the post-race Boo Bash, which will includes entertainment, food and activities for kids of all ages.

Come join 901Volleyball & Railgarten for their last volleyball tournament of the 2017 season! Ticket info here.

Take an especially spooky tour of the haunted Victorian Village Mansion with an experience paranormal investigator and learn of the history of this 1871 mansion.

Purpose Parties will host a Costumes and Cocktails party featuring hor d’oeuvres from Laura’s Kitchen, signature mixed beverages from Cocktail Cuties and our Vodka Sponsor Myles Premium Select, a tribute to the Beautiful One, Prince, from The J. Buck Experience, Beleaf Cigar Co., DJ Flame in the Silent Disco Room, and DJ Dr. Boogie. Tickets include delicious hors d’oeuvres and 2 signature beverages. The two best costume will receive prizes!

Join the Crosstown community for their pumpkin carving event. They have pumpkins and a carving kit for you. They will clean up so be as creative with your carving as you want!

Join the Collierville Education Association for their 5K, Family-fun run, and Fall-Fun fest complete with food, trick or treating, and pet costume contests!

The Agricenter will once again host their Harvest Festival complete with pumpkin paintings, arts and crafts, hayrides, food, and bluegrass music.

This year’s event features a trunk-or-treat, inflatables, games, a fortune teller, hayrides, campfires, food and more!

Visit LBOE of The Casual Pint Highland Row for a night of Stranger Things trivia and a costume party to celebrate Halloween and of course, Stranger Things Season 2. The even is free but you must make a reservation if you want to attend.

  • Wednesday, October 25th – Nerd Nite 10 – 7 pm to 10 pm

Join Rec Room for a night of sword fighting, mead tasting, and of course, a costume contest!

A fan of Hocus Pocus? Head to Pimentos Kitchen + Market, The Arcade Restaurant, or Memphis Made Brewing for a night of Hocus Pocus trivia and a costume party. The event is free but you must make a reservation if you want to attend.

Glasses are raised, fallen trees rise again as art, high notes rise and high steps go down, and – truth be told – fortunes rise and fall in the storied dark. Cost is $70 per body, $125 per couple. Three beverage tickets are included per body. The Spirits With The Spirits is a lively event, with food and drink, tarot card readers and wagon rides, live music and more. A silent auction takes place during the event, and Elmwood is fortunate to count among its supporters the individuals who are represented here. This is a “rain or shine” event.  Tickets are non-refundable. Dress is Black & White casual, costumes and characters most welcome.

Join the Mystic Krewe of Pegasus for their third annual Halloween Party – The Witch’s Dungeon. Costume contest at midnight. Prizes for 1st, 2nd, and 3rd places and admission includes food and an open bar. Entertainment will be surprise guests and performances throughout the night. All proceeds will benefit their 2017-18 charity, The Metamorphosis Project.

  • Friday, October 27th – Family Fall Fest – 5:30 pm to 9 pm – $5 (kids 2 and under are free)

Come out to Hope Presbyterian for their annual Family Fall Fest full of fun games, inflatables, music, food, candy and more.

Come out to Two Rivers Bookstore if you need any last minute costumes for Halloween. The available costumes, wigs, boots, headbands, and etc. are handmade locally and one of a kind.

Fall Photo Booth, Pumpkin Decorating, Games for the kids, local animal businesses at the market, live music, food truck, your usual favorite market vendors, and The Three Kings will be performing.

Join CYCA for a Halloween Party featuring “It’s the Great Pumpkin, Charlie Brown”. Snacks and party favors will be provided to go along with the movie. This event is open to all ages and costumes are encouraged!

Come out to Hattiloo and tour the pay-what-you-want haunted theatre complete with Egor impersonations and thematic music…if you dare. Kids are welcome but the haunted tour is ages 13 and up.

Celebrate Halloween at Loflin Yard with a DJ in the Coach House, a costume contest at 9 pm, prizes for winners, and spooky specials. Bring a decorated/carved Jack-O’-Lantern to the Yard by the 28th to get a spooky treat. No cover. A small batch of Halloween cocktails and the yard will be decorated.

Enjoy 6 Martini samples & a 6-8oz Martini of your choice, h’ordeuvres, desserts & LIVE entertainment included with your ticket purchase. Costumes are heavily encouraged.

Dance the night away at Stop 345 with DJ SuperBrad and the legendary 80’s rock tribute band, AQUANET, chill in the all acoustic Indoor Trailer Park Voodoo Lounge with Charvey Mac, or perform yourself at Brinson’s with all night karaoke with DJ Lil’ Eggroll. The Amurica photo booth will be available for free all night to go along with a complimentary beer, an open bar with a wide variety of drinks, and plenty of food provided by local favorite restaurants. Also, there will be a huge costume contest with over $1000 worth of prizes so be sure to dress in your best outfits. All proceeds to benefit The Church Health Center.

The annual Spaceface Hi-Tone party is back again, and you will want to be sure not to miss it. The night will be filled with silver space aliens, art vendors, confetti, bouncy castles, and a costume contest with prizes from several local favorites. Come see the Hi-Tone as you have never seen it. The venue will be decked out with all sorts of space creatures, ghouls, and spooks. This year Spaceface is helping donate to Sister Supply by taking donations of menstruation products at the door. There will also be a costume contest with prizes donated from local businesses and restaurants. To enter the costume contest you must bring a donation for Sister Supply of menstruation productions to the door. Art vendors will be set up in the Big Room or outside (weather permitting), and the food vendors will be outside with a bounce house. Vendors include Jess Kirk, Anna Craig, Cry Baby Club, Pretty Useful, Gum Soul Printing, and Claire Faulhaber of Underground Art. The Amazing Bently Burns will be performing feats of magic and tricks all night long.

Gates open 5pm. Trick or Treat through My Big Backyard 5pm to 7pm. Movie begins at 7:15. Come in your creepiest costume, grab a blanket or chair, and come to the Live Garden for a double feature of fun. Little ghosts and goblins will scream with delight at the treat stations and activities before Its the Great Pumpkin, Charlie Brown shows at 7:15 pm. At 7:45pm, the witches take flight at the showing of Hocus Pocus. Kettle corn, food truck concessions, photo ops, and adult spirits will be available throughout the evening. No outside food, please. MBG members $8/non-members $10 at the gate, includes one or both films and all activities.

Enjoy live 80’s music and an awesome Stranger Things environment hosted by Rec Room! Dance the night away in the Upside Down for free.

The TaKeOver brings you their 5th annual Halloween party at Side Street Grill. There will be a costume party and great festive atmosphere.

Celebrate Halloween at the New Daisy featuring The Crystal Method, Defcon Engaged, DJ Tree, and Scotty B.

Immanuel will be hosting this trunk or treat party that is open to all. There will be decorated trunks and trailers with free candy for children, pumpkin chunkin’, a balloon guy, and more. To partake, you can register here.

The Collective hosts this Halloween weekend gathering featuring live DJ’s and drinks. Costumes encouraged.

A family-friendly, monster-themed celebration of the Le Monster exhibit will take place Saturday, Oct. 28 from 6–8 p.m. at Rust Hall, and guests are encouraged to wear costumes or monster-themed attire. Crafts, candy, and drinks will be available.

Enjoy a rock-n-roll show featuring Cassette Set, The Stereograms, and Cloudland Canyon, beer provided by Memphis Made Brewing, and snacks available from Lynnie’s Links & Drinks and MEMPops.

Join United Way of the Mid-South for the annual ” Trunk or Treat on Tillman Street” Fall Festival. This is a fun-filled family event with face painters, bouncy houses, candy, game stations, free food, trunk contests, prizes and more.

Head to Loflin Yard to enjoy a family friendly costume contest for your pet! Stop by the Hollywood Feed tent to register your four legged family member for the contest starting at 3:00pm.

  • October 13th, and 27th-29th – Boos and Booze – 8:45 pm – $35 (21+ only)

Enjoy Halloween themed pub crawls with Backbeat Tours and Sprock n’ Roll Memphis.

  • Monday, October 30th – Trunk or Treat at Emmanuel – 5:30 pm to 7:30 pm – $5 per child, $10 per family, $5 per dinner plate

Bring the kids to Trunk or Treat dressed up in their Halloween costumes for games and trick or treating complete with dinner, inflatables and hay rides.

Join the Memphis Botanic Garden in Celebrating Halloween indulging in adult “spirits” and frighteningly-delicious hors d’oeuvres. Costumes are encouraged, so dress accordingly!

Celebrate Halloween by playing Horror Movie Trivia in Memphis at the Midtown Crossing Grill and the CANVAS of Memphis (18+). Come dressed as your favorite Horror Movie character. Since it is Halloween, each location is going to have a costume contest too. This event is free but you must make a reservation.

Be sure to join Shelby Farms this Halloween for a night of fun and festive Halloween activities featuring Safe Trunk or Treating, Boo-ffalo Bob Photo Booth, Nocturnal Nature Hikes, Stargazing, Birds of the Night Demonstrations, Pumpkin Painting, Campfire Story-telling +  S’More Making with Kitchenette, Food Trucks, and plenty of Music.

The Mollie Fontaine Lounge is having its annual Halloween Party! Costumes are not required but definitely encouraged.

Join Crosstown Arts for a family-friendly Halloween event. Cars will be parked on the Crosstown Plaza and volunteers will be handing out candy.

Enjoy free candy in the parking lots of Bluff City Coffee and Young Avenue Deli.

By and photo credits: https://choose901.com/halloween-events-memphis-2017/

View our Video Blog

Live Up to Your Expectations! 511 Brangus Cove

by Melissa Thompson

Be WOWED as soon as you step into this stunning 5 bedroom, 4.5 bath home located in the prestigious Spring Creek Ranch Subdivision in the Collierville Reserve, offering low county-only taxes (NO city taxes)! As you walk through the front doors you are welcomed into the gracious 2-story foyer leading to the great room and formal dining room. Enjoy comfortable everyday living in the captivating great room flaunting a romantic, cozy gas log fireplace, and built-in bookshelves with doors and cabinets. Style and utility are masterfully fused together in this incredible gourmet eat-in kitchen with cabinet and counter space galore, desirable granite countertops, decorative back-splash, breakfast bar with pendant lighting and an additional sink, large pantry, and a full complement of stainless steel appliances. Family and friends will enjoy gathering in the splendid hearth room located off the kitchen illuminated with tons of natural light, and an eye-catching cozy fireplace, perfect for those cold winter nights. Host the finest dinner parties in the romantic dining room embellished with a dazzling chandelier. You will rest easy in your downstairs master retreat enhanced with a spa-inspired luxury master bathroom boasting his and hers walk-in closets, double granite vanities, durable tile floor, relaxing whirlpool tub and a divine walk-through shower with tile surround. This home offers one additional bedroom downstairs and three more bedrooms upstairs. Enjoy having your very own home office complete with built-in floor to ceiling cabinets, and window seats. The media room is wired for surround sound and makes a great home theater! Play, party and entertain in the large bonus room featuring a wet bar with a sink and space for a refrigerator or ice maker. Feel like you are at a resort in your very own backyard featuring a sparkling in-ground saltwater pool with a water slide and a hot tub with a waterfall flowing into the pool. The covered, tiled patio with multiple, cooling ceiling fans is great for cookouts and parties! The Spring Creek Ranch Subdivision offers a beautiful serene setting with walking paths, community clubhouse, tennis courts, pool and a lake. This home also offers a 3 car garage and a 12 person tornado shelter. Live up to your expectations and make this magnificent home YOURS! The homeowners own the rear lot to protect the sunsets (not included but is negotiable.)

Country Living in the City! 2525 Shillingford Drive

by Melissa Thompson

Welcome home to 2525 Shillingford Drive, an amazing East Memphis home that you will have to see to believe! Situated on almost an acre, you will enjoy the serene setting and deer watching, while sitting under the delightful covered patio overlooking the sparkling in-ground pool. Quality features include 4 bedrooms plus a bonus room, smooth ceilings, walk-in closets and attic, updated fixtures, arched doorways, nice laundry room with a sink, 3 car garage, and so much more! Enjoy comfortable everyday living in the captivating great room flaunting a soaring smooth ceiling, TV niche, built-in bookshelves with cabinets, and a cozy fireplace, perfect for those cold winter nights. Cooking will be a delight in the incredible eat-in kitchen with cabinet and counter space galore, desirable granite countertops, breakfast bar, full complement of stainless steel appliances including double ovens, 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. Host the finest dinner parties in the lovely dining room embellished with a dazzling chandelier. You will rest easy in your romantic downstairs master retreat enhanced with a walk-in closet, and a spa-inspired luxury bathroom boasting his and hers vanities, durable tile floor, relaxing whirlpool tub and a divine walk-in shower. This home offers one additional bedroom downstairs and two more bedrooms upstairs. The fabulous bonus room offers a great space for recreational fun. Relax outside in the serene backyard and enjoy deer watching under the nice covered patio, perfect for cookouts and parties! Take a dip in the sparkling in-ground pool and cool off on those hot summer days. This is a fabulous backyard for entertaining! Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9443.

Enchanting Collierville Beauty! 140 E Porter Run Drive

by Melissa Thompson

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, completely renovated, designer kitchen! Flourishing with gorgeous cabinets, lovely marble 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 romantic 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. 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. The laundry room is 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! Collierville Schools! Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9443.

Tips for Preventing Electrical Safety Hazards

by Melissa Thompson

Electricity is a beautiful thing.  It provides warmth in the winter and cools you off during hot summer months. It gives you light in the dark and makes chores like washing/drying clothes and doing dishes so much easier.  You take it for granted because you’ve always had it and you certainly can’t even imagine what life would be like without it.  Because it is such a normal part of your life, you probably don’t stop to think about how dangerous it can be.  It is important to be educated about possible electrical problems in your home so that you will know how to deal with them before they happen.

  1. Do you know how old your home is?  Often older homes don’t have the capacity for electricity that current technology uses.  If you have never had an electrical safety inspection by a professional, now is the time to do so.  If your home’s electrical wiring has not been updated to safely handle all the current that your family uses, it is crucial to have it done.
  2. Is your electrical panel hot to the touch?  It shouldn’t be.  Check the brand of your panel. Several brands are outdated or faulty and should be replaced.  A faulty electrical panel can lead to a fire.  That is not something anyone should risk.
  3. Outlets should not be hot either.  If you feel an electrical outlet and it is warm or hot, it means there could be a problem.  There are dangerous issues indicated by a warm/hot outlet. Whether it’s too much demand on the outlet, faulty or melting wiring, or other precarious situations, you don’t want to ignore it.
  4. Keep plugged in appliances away from water.  This seems obvious, right?  But sometimes limited space forces us to use electrical appliances near sinks or bathtubs.  Whether you are blow-drying your hair at your bathroom vanity or your kitchen only has one plug for your toaster and it’s right by the sink, be extra careful.  If a plugged-in appliance gets wet, don’t unplug it. Go to your electrical panel and unplug the power source for the outlet you’re using.  Then you can unplug it.
  5. Make sure you are using the correct wattage light bulbs.  Using a higher wattage than can safely be accommodated by a lamp or light fixture may overload its wiring, which is a fire hazard.  It’s ok to use a light bulb with wattage equal to or less than that called for on the lamp’s socket.  If you want brighter light, look for a lamp that uses a higher wattage bulb.
  6. Use an experienced, licensed electrician to handle your home’s electrical repairs and/or replacements.  Professional electricians are well-trained and have years of on-the-job experience before being granted a license.  They will know current codes and regulations and can safely navigate any problems they might come across.

It’s easy to prevent electrical hazards if you are informed and educated about what to be aware of.  So, don’t take electricity or your family’s safety for granted!

http://www.yourkeytomemphis.com/Blog/Tips-for-How-to-Make-Your-Home-Feel-Secure

http://www.yourkeytomemphis.com/Blog/Home-Maintenance-Projects-You-Should-Start-Now

http://www.yourkeytomemphis.com/Blog/Luxurious-Laundry-Rooms

View our Video Blog

4 Reasons to Sell This Fall

by Melissa Thompson

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available!
  • Housing inventory is still under the 6-month supply that is needed for a normal housing market.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.

​​Contact Melissa Thompson at Your Key to Memphis and she can help you get your house on the market and sold this autumn!  901-729-9526 or Melissa@YourKeyTomemphis.com 

By: KCM Crew

View our Video Blog

101 Things To Do In Memphis #87: Shelby Farms Greenline

by Melissa Thompson

Shelby Farms Greenline is a 10.65 mile paved, urban trail that connects pedestrians and cyclists in Midtown Memphis through Shelby Farms Park to Cordova.  The Greenline is a rails-to-trails project that transformed an unused railroad line into one of Tennessee's favorite trails.

The Greenline runs from Tillman Street at Walnut Grove Road in Midtown to B Street at Macon Road in Cordova.  There are access points at Tillman Street, HIghland Street, High Point Terrace, Graham Street, Waring Road, Podesta Street, Sycamore View, Farm Road at Mullins Station Road, Whitten Road, Appling Road, Raleigh LaGrange Road, Germantown Parkway, Cully Road, A Street, and B Street / Macon Road at the Cordova Depot.

If you want to hit the trail on a bicycle, bring your own or visit our Greenline Bike Rentals.

Shelby Farms Greenline doesn't run on tax dollars -- it runs on support from the community! Thanks to help from corporate supporters like Campbell Clinic Orthopaedics which sponsors mile markers along the trail, and individual contributions from Park Members and donors, the trail is thriving, but we could still use your help! To help ensure that the trail you love has a bright future, become a Park Member today or register to run the Greenline Half Marathon + 5K

By and photo credit: http://www.shelbyfarmspark.org/shelby-farms-greenline

View our Video Blog

Should I Sell or Should I Rent?

by Melissa Thompson

Moving is not always a choice. Sometimes it is a necessity due to a new job or a myriad of other reasons. If you are a homeowner you must decide what you are going to do with your current home. Should you rent it out?  Or sell it?  There are many circumstances to consider before making that decision.  How long do you have before you move?  What is the housing market doing in your area?  And do you have someone you can trust to manage your property?

Of course, the biggest motivator in your decision is which option will be most financially beneficial.   If you have a lot of equity in your house and can sell it, you’ll walk away with some cash to put toward your new home.  If the house is paid off, you’ll walk away with a lot of cash.  However, if your equity is built up and you have low mortgage payments (or no mortgage payment), you could bring in a substantial monthly income by renting the house for more than your monthly payments.  You do have to consider the costs involved with renting the house out.  If you’re relocating to another town, you will likely have to hire a property manager to collect rent and take care of issues that come up.  You might also have to pay to advertise the home.

There are going to be risks involved either way.  If you put the house up for sale, you run the risk of not selling it quickly and possibly ending up with two mortgage payments or a house payment and rent payment on a new place.  But renting out your house might be a bigger risk. There’s a chance you will rent it to people who you think will be good tenants, but wind up paying the rent late or not at all.  There is also the risk that renters will not take care of the house and lower its value.

Another issue to consider is that housing markets can greatly fluctuate from year to year. You must question whether your neighborhood is in the kind of shape to support a quick sale.  If other homes haven’t been selling, for example, you might not get as much for your house as you might if you could wait a year or two and rent it out in the meantime.  On the other hand, if the housing market is hot in your neighborhood, it might just be the best time to take advantage of it and sell to get the best price possible.

Finally, you must think about whether you can afford a new mortgage while you still own the first house.  Per Kiplinger, lenders count about 75 percent of the income you receive from renters when figuring out if they’ll give you a new loan, but that’s only if you have a signed lease and your salary is sufficient to cover the rest of the mortgage requirement.  Selling your house will make it much easier for you to qualify for a new loan.

The bottom line is that, after doing your research, you can decide whether selling or renting is the best and most financially sound choice for you.

http://www.yourkeytomemphis.com/Blog/Selling-Your-House-in-Autumn

http://www.yourkeytomemphis.com/Blog/Hey-Millennial-Homeowners-It-May-Be-Time-to-Sell

http://www.yourkeytomemphis.com/Blog/5-Important-Things-to-Fix-Before-Putting-Your-House-on-the-Market

View our Video Blog

Space-Space and More Space! 3859 Stonehill Drive

by Melissa Thompson

This charming, one of a kind home has space-space and more space! Welcome home to 3859 Stonehill Drive located in the Easthill Subdivision in Bartlett featuring 4 bedrooms (2 down), 2 bathrooms, gleaming wood floors, large walk-in attic, NEW carpet, fresh paint, NEW AC unit, laundry room with cabinets, gracious entry hall, bonus room with separate entrance, and so much more! Snuggle up by the romantic fireplace in the spacious great room featuring an eye-catching wood beamed ceiling. Cooking will be a delight in the wonderful eat-in kitchen equipped with durable tile floors and a full complement of appliances. Host the finest dinner parties in the lovely dining room with a chair rail. Play, party or entertain in the huge bonus room complete with a sink and separate entrance. This space makes a great office or mancave! Sit back and relax outside in the large fenced backyard with a delightful patio and a nice storage building. This amazing home is in the sought after Bartlett School District. Don’t miss out on this FABULOUS Bartlett Home! Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9443.

Displaying blog entries 1-10 of 603