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5 Reasons You Should Sell Now!

by Melissa Thompson
 

5 Reasons to Sell You House Now! | Keeping Current Matters

As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons that you should list your house for sale now.

1. Strong Buyer Demand

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are significantly more prospective purchasers currently looking at homes than at any point in the last two years!

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

The National Association of Realtors reported last week that housing supply has slipped to a 5.0-month supply. This is still under the 6-month supply that is needed for a normal housing market.

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.

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 in the near future.

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. Home Prices Are Skyrocketing

Daren Blomquist, President of RealtyTrac, recently shared insights into why “2015 is a Great Year to Sell” by saying:

"So far in 2015, [sellers] are realizing the biggest gains in home price appreciation since 2007. In June, sellers sold for above estimated market value on average for the first time in nearly two years."

One major factor driving prices up is the lack of inventory available for the amount of buyers in the market. Often buyers, who find a home that they would like to make an offer on, are met with the reality that they aren’t the only ones interested.

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 over 19.4% from now to 2019. 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 near 4% right now.

Rates are projected to increase by a full percentage point over the next year according to Freddie Mac.

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 back 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.

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773 Pecan Gardens Circle- Charming 3 Bedroom Memphis Home!

by Melissa Thompson

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Welcome home to 773 Pecan Gardens Circle! This charming and well-maintained home is located in the fabulous Pecan Gardens Subdivision of Memphis. The open and airy floor plan with its gleaming hardwood floors is perfect for entertaining. The spacious and inviting Great Room features a cozy brick fireplace and soaring ceilings. Wonderful eat-in kitchen comes complete with breakfast bar. Rest and relax in the luxurious Master bedroom, with its calming colors and vaulted ceilings. The attached Master Bathroom is tiled and has a tub and shower that are separate from the spacious vanity. Two additional bedrooms share a bath. Security doors, a laundry closet, and a delightful fenced backyard and patio make this a home not to miss - make your appointment today before it’s gone! 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.

2114 Blue Ridge Cove- Charming Home with Beautiful Yard!

by Melissa Thompson

 

Welcome home to 2114 Blue Ridge Cove, a charming three bedroom, 2 bathroom brick home. All on one level, this home features a lovely carpeted dining room, spacious and inviting great room with parquet floors and a cozy brick fireplace perfect for those cold winter nights, a wonderful eat-in kitchen with a full complement of appliances, and a living room perfect for family gatherings. The laundry room features an abundance of cabinets for all your storage needs. The master bedroom boasts an attached private bathroom, while the additional 2 bedrooms share a large bathroom with loads of counter space. Wrought iron security doors, a 2 car garage , and a gorgeous landscaped fenced backyard with a delightful patio perfect for cookouts and parties complete this gem of a home. This is the home you have been waiting for - make your appointment today before its gone! 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.

Arlington TN Home For Sale: 2795 Roland Road, Arlington, TN 38002

by Melissa Thompson

Arlington TN Home For Sale
2795 Roland Road, Arlington, TN 38002

Welcome to 2795 Roland Drive, a luxury estate situated on 5+ picturesque acres with a sparkling stocked pond! Upon arrival, marvel at the impeccable curb appeal, the graciously manicured lawn with lush landscaping, and the seamlessly crafted brick and stone exterior of this custom built English Manor home. Once through the custom built mahogany cathedral arched entry door guests will admire the upscale craftsmanship and tasteful amenities including white oak hardwood floors, 11 ft ceilings, 8’ solid Simpson paneled doors, custom moldings, four masonry fireplaces, designer colors, security system, exercise room, plus a 3 car attached garage! Characterized by a keen sense of style and comfort, the spectacular great room is highlighted with vaulted ceilings, exposed wood beams, wet bar, entertainment center and a floor to ceiling stone fireplace – an amazing space for entertaining! Style and utility are masterfully fused together in this gourmet eat in kitchen enhanced with granite counters, gorgeous cabinetry, stainless steel commercial appliances, limestone flooring, a breakfast bar, tile backsplash and a walk in pantry. Sun filled breakfast area opens to the hearth room with fireplace. Formal entertaining awaits you in the gorgeous living and dining rooms. A cherry paneled study offers fantastic space to work from home. Entering the 1st floor master suite, one will admire the attention to detail including a sitting area, coffered ceiling, romantic fireplace, his and her walk in closets and a spa inspired bathroom boasting granite vanities, whirlpool tub, huge shower/steam room and beautiful cabinetry. Three secondary bedrooms are generously sized offering room to grow and privacy. You can sit back and relax with a nice cold beverage in the fantastic pub area then retreat to the home theater with surround sound when the movie begins. The pub kitchen area has a microwave, mini refrigerator, dishwasher, wine rack, sink, cabinetry and a tile backsplash. This is the “WOW” outdoor space! Professional landscaping with zoned irrigation system, outdoor kitchen with natural gas grilling equipment, fireplace and covered arbor, large porches off master bedroom and back patio, 2 story brick workshop/storage building, gazebo, porte-cochere for covered parking, plus ideal for horses with 4 acre adjoining lot also available for purchase. Relax in complete splendor in the quiet of the country, with the close conveniences of the city. What more could you ask 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 #73: Pink Palace Museum

by Melissa Thompson

The Pink Palace Museum is one of the largest facilities of its kind in the Southeast. You can walk through a replica of the first self-service grocery store in the country, Clarence Saunders’ Piggly Wiggly. Explore the cultural and natural history of the Mid-South through exciting exhibits, dioramas, and audio-visuals. Trace Memphis’ development from the time of Spanish explorers through the Civil War and the yellow fever epidemics. Learn from the award-winning medical exhibit how health care grew to be Memphis’ largest industry. You will also see how dinosaurs and fossils dramatically chronicle our ever-changing planet. The Museum also hosts a number of touring exhibits for you to see and experience throughout the year.

Kids as young as 3 years-old will be able to enjoy this museum. Older kids will have a greater appreciation for what it has to offer; adults will love it! Depending on the age (and attention span) of your kiddos, plan to spend 1-2 hours touring the museum.

The four story IMAX with state-of-the-art digital surround sound is a don’t-miss. There are a handful of times to see an IMAX show, so check the website for times and arrange your visit accordingly. You cannot enter an IMAX show once it has started, so don’t be late!

Visit on a Tuesday after 1pm and your museum admission is free. Even if you never expect to get back to Memphis, check the membership rates for a discount. If you plan to do the Planetarium and IMAX with 2 kids or more, the membership might save you some money. 
  
Bella Café offers sandwiches, salads, coffee and desserts. They are Project Green Fork Certified, and you can even come and eat at the Café without being a museum guest. You can picnic on the lawn or at the picnic tables, too. 

Be Sure Not to Miss the Following Exhibits:
Birds, Bats and Bugs
The Birds, Bats and Bugs room is open Thursdays from 9am – 1pm. This is a touch-and-feel discovery room that my son would have stayed in all day. The staff member in this room held his attention and gently showed him around. I would pay full price just for access to this room and staff member! It was great.

Discovery Days
On select days of the month (usually 2 per month) the museum offers activities for kids that complement one of the permanent or temporary exhibits at the museum. See the website for dates and more information. 

Scavenger Hunt
You can make this a fun educational experience by leveraging the scavenger hunt worksheet or discovery worksheets found on the website. 

”Real” Dinosaur
Don’t miss the life-sized triceratops, but be forewarned that it is mechanical. As you approach it, he comes to life with roaring and animated movement. My brave little 4 year-old was frightened at first since neither of us was expecting this. He quickly warmed up to the big guy and continues to talk about it even to this day.

Visit the website or call 901.636.2362 for ticket pricing, hours of operation, directions and additional information.

The Pink Palace 
3050 Central Ave 
Memphis, TN 

 

By and photo credit: memphismuseums.org

The Main Reason You Should Not Wait to Buy…

by Melissa Thompson
 

The Main Reason You Should Not Wait to Buy | Keeping Current Matters

The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report. The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents.

However, there was also information buried within the report that revealed that now is definitely the time to buy your first home or move-up to the home of your family’s dreams. With home prices still below peak values and mortgage rates still near historic lows, the monthly mortgage payment on a median priced home is less than at almost any time in the last 25 years.

Here is a graph which helps visualize the data from the report:

Median Mortgage Payment | Keeping Current Matters

Bottom Line

With home prices increasing and mortgage rates projected to increase, now is the time to buy.

 

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Welcome home to 6673 Booth Forrest Cove, a beautiful home in Bartlett. This well-maintained 4 bedroom, 2 bath home features vaulted ceilings, plush carpet, crown molding, security system, and 2 car garage with tons of storage and built ins. Entertaining guests will be a delight in the spacious great room complete with a ventless gas fireplace, tons of windows, and cooling ceiling fan. The lovely eat-in kitchen comes with a full complement of appliances and expanded cabinets with under cabinet lighting. Enjoy family dinners in the elegant dining room with gleaming hardwood floors. The Master suite is the perfect place to relax with the vaulted ceilings and the luxury bath featuring a whirlpool tub and separate shower. Two addition bedrooms downstairs will provide plenty of space for family, while the large fourth bedroom upstairs can be used as a bonus room. The deck overlooks beautiful brick patios and walkways that lead to landscaped retreats in the backyard. Do not miss out on this incredible 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.

101 Things To Do In Memphis #72: C.H. Nash Museum at the Chucalissa

by Melissa Thompson

The C.H. Nash Museum at the Prehistoric Chucalissa Archaeological Site represents the widespread Mississippian Culture. Founded initially around A.D. 1000, Chucalissa village reached its peak around 1500 with the construction of large platform mounds around a central plaza. Part of a complex society and supported by farming and natural foods, the Native American people of this site traded throughout much of the Midwest and South.

Since its rediscovery, the site has been operated by the University of Memphis, where you will find that there is so much to explore — the prehistoric American Indian mound complex, a hands-on archaeology laboratory, exhibits on the prehistoric and historic occupations of the region, a nature trail, a fully certified arboretum, and a fascinating array of plant species used for medicinal, dye and other ancient purposes. 

C.H. Nash Museum takes you back in time. A whole new world of learning letting families, students, tourists and history buffs celebrate and discover the vibrant and sophisticated culture of these ancient people. 

The C.H. Nash Museum features diorama-style displays on the lives of the site’s residents and artifacts found around the mounds. There’s a hands-on room that’s full of touchable pottery, furs and artifacts from the site. Those who aren’t squeamish can attempt to rebuild a disassembled raccoon skeleton. Chucalissa has special programs throughout the year that promote Mississippian Indian culture. The museum also has weekly Family Days (Tuesdays, Thursdays, and Saturdays at 10 a.m. and 1 p.m.) where families who pay regular admission can go on a scavenger hunt through the grounds, make pottery to take home or throw darts with an atlatl.

Admission $5 for adults, $3 for kids

1987 Indian Village Drive

Memphis, TN 38109-3005

Visit the website or call (901) 785-3160 for additional information.

 

 

By and photo credit: www.memphis.edu/chucalissa

Agent Hopping Doesn’t Do You Any Good

by Melissa Thompson

I don’t see it a lot, but occasionally I’ll run across a house that has been on and off the real estate market for months, if not years.

Each time the property returns to the market, there’s a different sign and a fresh new REALTOR face that’s convinced they will be the one to accomplish what no one has done before them. Sell that overpriced house.

Newsflash: Unless the price or the condition has changed, none of them will be successful

Agents can do a lot to sell your home, but what they cannot do is change the market. Hopping from one agent to another without addressing the real issues of why your home is not selling is nothing more than an exercise in futility.

No matter where your house is, no matter what condition it’s in, if you don’t have the right price, you’ll be right back in the same position at the end of your listing agreement.

Successful home selling requires an expert plan. Call (901) 756-8900 today and let us share ours with you.

 

By: Lisa Heindel

Memphis Real Estate Market Report – June 2015

by Melissa Thompson

Memphis and Shelby County sales were up 13% in June with 1,792 sales recorded for the month compared to 1,586 last June. Average sales prices were up 2% to $164,669 compared to $161,725 last June. Median sales price was up 3% from last year to $125,000. Year-to-date home sales up to 3% from last year and total home sales revenue is up 7%.

21 of 33 zip codes in the county had an increase in overall sales activity for the month and 24 zip codes saw increases in average sales prices. Collierville and Germantown were the only municipalities to record fewer sales this month compared to last June. Home sales in all other municipalities, including the city of Memphis and unincorporated areas were all up over 5% from last year.

Collierville had the most sales for the month with 151 recorded with an average sales price of $326,246. Central Gardens and East Memphis had 6 home sales for the month with an average sales price of $386,004. Germantown East (38139) had the highest average sales price of $381,852 across 42 sales. Home sales over $500,000 were up 28% from last June. Home sales over $1 million were down 50%.

If you are interested in selling your home or are interested in buying a home; please feel free to contact me at 901-230-2610 or 901-756-8900. You can email me at Melissa@YourKeytoMemphis.com. Be sure to visit www.YourKeytoMemphis.com for all of your real estate needs.

Displaying blog entries 1-10 of 196

Contact Information

Photo of Melissa Thompson Real Estate
Melissa Thompson
Crye-Leike Realtors
6525 N Quail Hollow Road
Memphis TN 38120
(901) 756-8900
(901) 230-2610
Fax: (901) 435-0620