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Happy New Year from The Melissa Thompson Team!

by Melissa Hayes Thompson

Memphis TN Real Estate For Sale: 1693 Farkleberry Drive Unincorporated TN 38016

by Melissa Hayes Thompson

Welcome home to 1693 Farkleberry Drive a gorgeous brick ranch nestled in Lee Line Farms. Easy main level living awaits you with three bedrooms including a private master suite and an upper level bonus room you are sure to be impress.  Quality features include tiled floors, plush carpeting, arched entries, niches, decorative touches, lead glass front door, tiled bathrooms, high smooth ceilings, neutral colors ceiling fans and so much more! An open and airy floorplan features a great room perfect for entertaining while toasting your toes by the warm gas fireplace.  A stylish dining room is embellished with a dazzling chandelier, impressive tray ceiling and tons of windows overlooking the beautiful backyard. A delicious gourmet kitchen comes equipped with an abundance of fine cabinetry, self-cleaning oven, smooth cook-top, microwave, dishwasher and an island with a stainless steel sink. An inviting hearth room and breakfast area is great for today's busy lifestyle. Retreat to the luxury main level master suite and relax in complete splendor with a private spa inspired tiled bathroom including  an elongated dual sink vanity, divine walk-in shower, bubbly whirlpool tub, recessed lighting and a walk-in closet. Awesome secondary bedrooms offer a soothing place to rest at days end. Fabulous second floor bonus room is great flex space for a media room, recreation room or an additional bedroom. Relaxing outdoor living includes a patio overlooking a privacy fenced backyard and mature trees making this the perfect place for cookouts and parties! Come on over and see this beauty!

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 #43: New Year’s Eve Celebration on Beale

by Melissa Hayes Thompson

Start your New Year off right at the biggest party in Memphis! World-famous Beale Street, home of the blues, and birthplace of rock ‘n’ roll, offers live music, dancing, fireworks, great food and drinks, plus thousands of your closest friends to help ring in the New Year!

Thirteen bands will be rocking the stage at Handy Park, plus music and food and drink specials in the bars and nightclubs covering three blocks. Just before midnight, enjoy the 10-ft Gibson guitar drop from the Hard Rock Café and fireworks show!

One of the day’s earlier events features the invitation to Bury Your Blues, whereby locals and visitors are asked to bring any of their “blues” and throw them into an open coffin on Beale Street. This unique aspect reflects the “making a new start” in the New Year.

The Beale Street Merchants Association has seen crowds of up to 50,000 people in past years! This is a family friendly event, however for visitors under 21 adult supervision is required for certain time frames. Visit their website for more information.

Say goodbye to 2014 and welcome 2015 on Beale Street this New Year’s Eve! 

Photo Credit: LocalMemphis.com

Happy Holidays from Melissa Thompson Team

by Melissa Hayes Thompson

The Warm and Cozy Home

by Melissa Hayes Thompson

The dark days of winter can really do a number on your well-being. Shorter days trigger the blahs; freezing temps spark the sniffles. So we put together a list of ideas that’ll turn your home into a comfy haven.

Cozy and Clever Energy Savers
Here’s how to create a brighter and warmer home without using more energy or cranking up the thermostat.

1. Clean dirty light fixtures and dusty bulbs
to make your home appear 30% brighter without turning on more lights.

2. Seal sneaky air leaks. It’s not just window and door leaks killing your cozy vibe. Don’t forget to plug stealthy gaps around recessed lights, electrical boxes, and wall outlets. Use a lit incense stick or scented candle to hunt down drafty spots while leaving behind a cozy scent.

3. Replace your traditional gas or wood fireplace. Why? Both suck out heated indoor air and send it up the chimney. A gel fireplace insert is an eco-friendly option that produces a burning fire without gas, wood, electricity, or even a chimney. It’s also smoke-free and emits fewer allergens than a wood fireplace; some options crackle like the real thing. A basic model costs between $100 to $210; custom models go up exponentially from there. A case of gel fuel comes with 12 cans that burn for three hours each (about $35).

Tip: Use a slow cooker to infuse your home with a warm and cozy aroma. Even better, slow cookers are more energy efficient than electric ovens, typically using less energy than a light bulb. 

Immunity Boosters
You’ll feel coziest in a healthy indoor environment that keeps allergies at bay and reduces your chances of getting sick.

4. Get plants.
Some indoor plants, like golden pothos and gerbera daisies, are particularly adept at sucking up nasty VOCs — the vapors emitted from household cleaners, paints, and dry cleaning. And since plants increase humidity levels, they help decrease household dust.

5. Vacuum while your thermostat is set to “fan on.” This helps filter dust that gets kicked-up while cleaning. Just leave the fan on for about 15 minutes after you finish vacuuming and switch it back to “auto” afterward. HVAC blowers aren’t intended to run all the time.

6. Change your HVAC filter every couple months (monthly if you have pets) to prevent excess dust from circulating.

Tip: Combat superbugs with copper. If you’re planning to upgrade your kitchen or bathroom fixtures, consider classic and homey-looking copper or a copper alloy like brass. A three-hospital study in 2011 found that bacteria can only survive on copper for a few minutes, but germs can live on stainless steel for weeks. 

Sun Worshippers
Lack of natural light can trigger a mean case of the winter doldrums — or worse, mood-altering seasonal affective disorder. Maximize daylight and make rooms feel warmer by adding the following to your yearly fall maintenance checklist.

7. Make your windows pane-fully clear. Clean glass not only lets more natural light into your home, it’s a feel-good task, according to a survey by the American Clean Institute. When ACI asked consumers what clean surfaces make them happy, “gleaming windows” made the top five above a “spotless sink.”

8. Ditch your window screens in the fall and winter. They trap dirt and can make your home appear darker inside and out. It’s a good curb appeal booster, too.

9.  Add an interior window to a room next to a sun-drenched space to take advantage of natural light.

Tip: Paint chilly rooms, especially north-facing walls that don’t typically get sunlight, in reds, oranges, or yellows  cozy colors that can actually help the room feel warmer, according to a Michigan State University study. 

By: HouseLogic

​Happy Holidays!

101 Things To Do In Memphis #42: Memphis Zoo on Ice and Zoo Lights

by Melissa Hayes Thompson

The Memphis Zoo knows how to welcome the holiday season! It’s time for Zoo Skating, plus Zoo Lights! Ice up your skates and stop by the only tented, outdoor ice skating rink in town! While you’re there,  enjoy a stroll through the #1 rated Zoo in the U.S., taking in the sights and sounds of wintertime at the seasonal Suntrust Zoo Lights display.

There's so much to see and do, visitors of all ages will find something to enjoy like the 200-ft-long tunnel of light, Santa visits, a 90-FT LED ferris wheel, singing Christmas trees, camel rides, the North Pole Express Train, the China Carousel and don’t forget to catch a Magic Mr. Nick Illusion Show for a light-hearted and magical experience.

Memphis Zoo on Ice brings a holiday vibe to the already popular zoo, with ice skating daily from 9:30 - 4:30 and on the evenings when Zoo Lights is on from 5:30-9:30. Snacks, holiday treats and warm beverages available too.

The Zoo is closed Christmas Day, but the SunTrust Zoo Lights will open at 5:30 p.m.
Tickets: $6/members; $8/nonmembers. Please note that Zoo Lights is a separate event and requires a separate ticket.

Don’t miss out on a Mid-South tradition that not only brightens up the season, but is also a lot of fun. Make a night of it and build holiday memories at these unforgettable celebrations of light and holiday spirit.

Visit the website or call 333-6500 for more info. 

Happy Holidays!

Photo Credit: Memphis Daily News

2015: The Return of the Millennial Home Buyer

by Melissa Hayes Thompson
 

2015: The Return of the Millennial Home Buyer | Keeping Current Matters

Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained:

"Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of Generation X, and by the end of 2015 millennials will become the largest home-buying age group. The lack of home-buying activity from millennials thus far is decidedly not because this generation isn't interested in homeownership, but instead because younger Americans have been delaying getting married and having children, two key drivers in the decision to buy that first home. As this generation matures, they will become a home-buying force to be reckoned with."

Two days later, Realtor.com also projected that Millennials will be a driving force in the housing market next year. In their 2015 Housing Forecast, they claim:

“Households headed by millennials will see significant growth as a reflection of economic gains. Millennials will also drive two-thirds of household formations over the next five years. Next year's addition of 2.75 million jobs and increased household formation will be the two key factors driving first-time buyer sales.”

Has the Millennial Home Buyer already re-entered the market?

AEI’s International Center on Housing Risk also released their first First-Time Buyer Mortgage Share Index this month. The report revealed that the percentage of first time home buyers may have been underestimated in 2014. According to the report, the percentage of first time buyers “averaged an estimated 46 percent over the 12 months ending October 2014”.

That number far exceeds other numbers reported by the National Association of Realtors and others.

Bottom Line

The Millennial generation is growing up, finding jobs, getting married and starting families. Homeownership will definitely be the next step.

 

101 Things To Do In Memphis #41: Snowy Nights in My Big Backyard

by Melissa Hayes Thompson

The forecast for this weekend calls for snow! The same for next weekend and the one after that! If you are looking for a fun way to celebrate the holidays, grab the family and head over to the Memphis Botanic Gardens for “Snowy Nights in My Big Backyard”!

Themed lighting along Playhouse Lane and a musical light show throughout set the stage as you stroll in through "falling snow", play in the giant Snow Globe, decorate icicle ornaments, search for hidden snowflakes in the Snowflake Forest, play Mitten Toss and Tic-Tac-Snow, and plug your own design into the Giant Light Bright!

Worried about a little chill in the air…you’ll keep toasty warm around campfire pits on the patio, also perfect for roasting marshmallows and making s’mores.

December 15-30, 5:30-8:30 p.m. (last entry at 8 p.m.)

MBG members $7
Non-members $10
Children under 2 are free
S'mores kits, hot cocoa, and other concessions are available at additional cost.

Visit Memphis Botanic Gardens for more information!

By: Memphis Botanic Gardens

Breaking News: Fannie and Freddie formally announce 3% Down Programs

by Melissa Hayes Thompson
 

Breaking News: Fannie and Freddie formally announce 3% Down Programs | Keeping Current Matters

Yesterday, HousingWire reported that both Fannie Mae and Freddie Mac formally announced their 3% down options on home purchases. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available March 23, 2015. The HW article quotes FHFA Director Mel Watt:

“The new lending guidelines released today 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.”

We also recently addressed this issue.

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 as it is unveiled. Contact a mortgage professional for a deeper understanding. Don’t have a mortgage person yet? Contact your local real estate agent for a referral.

by 

Memphis TN Home For Sale: 10042 Pleasant Ridge Road Unincorporated TN 38002

by Melissa Hayes Thompson

Welcome home to 10042 Pleasant Ridge Road situated on 4 gorgeous acres. Quality features include brick exterior, hardwood floors, tiled floors, tiled baths, decorative touches, arched doorways, columns, crown molding, walk-in closets, central vacuum, recessed lighting, built in cabinets, desks and shelves plus big window views. A romantic formal dining room with sleek sophistication is ideal for stylish dinner parties. An inviting great room lets you bring the outdoors in with a warm gas fireplace flanked in double window views.   Located off the kitchen is the delightful hearth room enhanced with tons of windows and French doors leading to the backyard this space is great for today's busy lifestyle. A soothing main level master suite is complete with double walk-in closets, a ceiling fan, plush carpeting and a luxurious bath including a separate shower, relaxing whirlpool tub plus his and hers vanities. An additional main level bedroom and a full bath are ideal for overnight guests. Upper level bedrooms are sized generously and offer unique features. Awesome bonus room is perfect for stashing the kids and kids at heart. Fabulous workshop, oversized 2 car garage, huge walk-in attic and 2 small attics offer tons of storage. Extensive decking overlooks a peaceful setting on 4 serene acres with mature trees and quality landscaping. Do not miss out on this amazing 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.

Displaying blog entries 901-910 of 986

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