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Homes Continue to Sell Quickly Nationwide

by Melissa Thompson

Homes Continue to Sell Quickly Nationwide | Keeping Current Matters

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015.

42% of homes across the country were on the market for less than a month, which is the highest it’s been since July 2015 (43%)!

Among the states with homes selling in 30 days or less are Washington, Oregon, and Minnesota. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.

Homes Continue to Sell Quickly Nationwide | Keeping Current Matters

Bottom Line

Buyer demand is increasing as the inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, meet with a local real estate professional who can help you take advantage of current market conditions!

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Welcome home to 1226 Grace Ann Court, an amazing home in the sought after gated Cordova Club subdivision that you will have to see to believe! Built for entertaining, this spacious home offers an open floor plan with impressive formal rooms, plus comfortable everyday living spaces. Quality features include gleaming hardwood floors, updated fixtures, smooth ceilings, bull-nose corners, crown molding, 4 bedrooms, 3.5 bathrooms, plantation shutters, amazing outdoor living area, and so much more! Enjoy comfortable everyday living in the captivating great room enhanced with a cozy gas log 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, breakfast bar, double pantry, tile backsplash, island, full complement of 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. Family and friends will enjoy gathering in the splendid hearth room located off the kitchen illuminated with tons of natural light beaming in through the windows. Host the finest dinner parties in the romantic dining room. You will rest easy in your downstairs master retreat featuring a walk-in closet with built-in shelving as well as an additional closet and dressing area with a private staircase leading to it. The spa-inspired luxury master bathroom boasts an elongated dual sink vanity, durable tile floor, relaxing whirlpool tub and a divine walk-in shower.  Relax outside in the iron fenced backyard featuring a spectacular covered outdoor living area with a cooling ceiling fan, crab orchard stone fireplace, and a nice patio area, perfect for cookouts and parties!

Gorgeous Home in the Gated Cordova Club Subdivision!
Don't miss out on this magnificent, extremely well-maintained, 4 bedroom home situated in the sought after gated Cordova Club Subdivision! Built for entertaining, with an open and airy floor plan this home offers quality features including gleaming hardwood floors, updated fixtures, smooth ceilings, plantation shutters, amazing outdoor living area with a stone fireplace, incredible eat-in kitchen with granite countertops, formal dining room, spacious great room with cozy gas fireplace, hearth room, fabulous master closets with built-ins, 2 car garage, and so much more! Do not hesitate, this gorgeous home won’t last! List Price: $249,900. Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9526.


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.

 

 

 

Welcome home to 4498 Coltwood Drive, located in Lakeland in the sought after Oakwood Subdivision. An amazing home you will have to see to believe! Built for entertaining this spacious home features an open and airy floor plan, 4 bedrooms, 3 baths, gracious entry, neutral colors, crown molding, granite countertops, stainless steel appliances, updated fixtures, smooth ceilings, gleaming wood floors, laundry room, attic, cozy gas log fireplace, 3 car garage, screened-in porch, large deck, hearth room, dining room, and great room!

Style and utility are masterfully fused together in this incredible eat-in kitchen with a full complement of stainless steel appliances, granite countertops and tile-backsplash. Open to the kitchen is the fabulous hearth room enhanced with a gas log cozy fireplace, perfect for those cold winter nights. Enjoy everyday living in the spacious, warm and inviting great room. Host the finest dinner parties in the romantic dining room embellished with a dazzling chandelier. The screened-in porch makes the nights a pleasure to enjoy with family and friends.

Enjoy Lakeland Schools plus Oakwood's walking trails, stocked ponds, clubhouse & community pool!

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 #11: Mud Island River Park

by Melissa Thompson

Though not literally an island, Mud Island is a small peninsula surround by the Mississippi River and Wolf River Harbor.  Mud Island opened to the public in 1982 and features restaurants, a museum, and an amphitheater.  You can get to Mud Island either by car, foot, monorail or ferry. 

At Mud Island River Park, you can experience the Mighty Mississippi River up close. There is 5 block long river walk model that you can hike down and see the Mississippi in miniature. Major cities and small towns located on the river are marked in the scale model, and markers explain history and facts about the river. The model empties into a "Gulf of Mexico" replica, which was once a waterpark named Bud Boogie Beach, and on the other side is a small wooden boat named the Maymay, which is no longer open to the public. The park also includes bike trails, pedal boats, and rafts.

Inside the 18 gallery Mississippi River Museum, you can explore two full size boat models you can board. The museum also presents the history of the lower Mississippi river valley, with most of its emphasis on the steamboat. The mission of the museum is to preserve and promote the natural and cultural history of the Lower Mississippi River Valley through excellence in education, interpretation and exhibits. Admission to the museum is $10 for Adults (12-59), $9 for Seniors (60 Plus), $7 for Youths (5 – 11), and Children (4 and under) are FREE.

Mud Island is home to a 5,000 seat outdoor amphitheater which has been used for a summer concert series for over two decades. The band Dash Rip Rock which has played there several times, recorded a song named Mud Island that can be found on two of their albums. James Taylor performed at the amphitheater during a light rainstorm in 1992, stuck his arm out into the falling water and remarked, "Mud Island... ominous name, eh?"

Call 800.507.6507 or 901.576.7241 and visit the website for additional information.

 

By and photo credit: mudisland.com

11288 Deep Pond Drive - Amazing 4 Bedroom Collierville Home!

by Melissa Thompson

Welcome home to 11288 Deep Pond Drive, an amazing open and airy, well maintained, brick home that will impress you the moment you walk through the front door! Located in prestigious Collierville this home has all the bells and whistles featuring gleaming wood floors, smooth ceilings, arched doorways, crown molding, plantation shutters, stainless steel appliances, granite countertops, neutral color palette, and so much more! Enjoy comfortable everyday living in the captivating great room enhanced with a cozy gas log fireplace, perfect for those cold winter nights. Cooking will be a delight in this gourmet eat-in kitchen with cabinet and counter space galore, pantry, breakfast bar, desirable granite counter-tops, and a full complement of stainless steel appliances including double ovens, microwave, dishwasher, and cook-top. The cheerful breakfast area with tons of windows and natural lighting is the perfect place to start your day. Host the finest dinner parties in this lovely formal dining room embellished with a dazzling chandelier. You will rest easy in your downstairs master retreat featuring a spa-inspired luxury master bathroom boasting a dual sink vanity, relaxing whirlpool tub and a divine walk-in separate shower. This home also offers three additional  bedrooms upstairs. Play, party or entertain in the huge bonus room. Relax outside in the delightful fenced backyard with a nice covered patio, perfect for cookouts and parties! This amazing home also offers a two-car side load garage, laundry room, walk-in attic, and security system! Not to mention it is situated in the desirable 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.

http://11288DeepPondDrive.RealBird.com

101 Things To Do In Memphis #10: Playhouse on the Square

by Melissa Thompson

Playhouse on the Square is Memphis’ professional resident theatre company.  Their mission is to produce a challenging and diverse repertoire of theatrical work that speaks to the intelligence, the soul, and the imagination of the Memphis community; to provide a nurturing artistic home for actors, directors, designers, and staff in which they can practice their craft and share their talent; and to make all of their productions available through access, outreach, and educational activities to everyone in the community regardless of financial circumstances. One of the ways it achieves the mission is through Pay-What-You-Can Nights, which ensures that even those who cannot afford the full price of a ticket will not be denied the pleasures of an evening at the theatre.

With a burst of pride and a burst of gratitude, Circuit Playhouse Inc. observes the 40th anniversary of its founding. More than 6,000 people have acted, staffed, ushered, handled tech jobs, and struggled to bring forth the 744 shows produced at our theatres since 1969. The celebration of this occasion is in their honor, for without their talent and dedication, Memphis’ professional theatre company could not have reached this landmark event.

The next production at Playhouse on the Square is Memphis, The Musical, which runs May 6-29. Inspired by actual events, Memphis centers around a white disc jokey, Huey, who wants to change the world, and black club singer, Felicia, who is ready for her big break. Their incredible story takes them to the ends of the airwaves and on a journey filled with laughter, emotion, and a whole lot of Memphis soul.

If you have not seen a production at Playhouse on the Square before why not give it try this summer.  For more information on their productions, ticket prices and show times, visit their website or call Administrative Office (901) 725-0776 or Box Office (901) 726-4656.

 

By and photo credit: playhouseonthesquare.com

 

5 Rookie Mistakes By First-Time Homebuyers (And How To Avoid Them)

by Melissa Thompson

This is it: The big one. You’ve scoped out the neighborhood, saved for your down payment and found your custom kitchen and perfect bathroom tile.

You’re trading the world of rental apartments, condos and townhomes for one of the biggest financial commitments of your life: Your first home.

But you’re new to this and quickly find yourself overwhelmed and confused. As the process unfolds, you realize you didn’t account for all your closing costs; buying a new car last week spooked your credit report; and that home inspection you passed on — that was a really bad idea.

Soon enough, your idyllic dream for a first home turns into a burdensome nightmare.

This scenario could have been avoided if you were aware of some of the most common mistakes committed by first-time homebuyers.

We spoke with loan officers, real estate agents and other home-buying experts to give you a rundown of some of the biggies and tips that might help you avoid headaches and heartache before you sign the dotted line.

 

 

 

 

 

Maybe you thought the biggest check you’d write for your lovely new house would be your first monthly mortgage payment. Nope.

“First-time homebuyers are notorious for…constantly overestimating or underestimating what they can afford,” says Jason Hecht, a Movement sales manager in Glendale, Calif.

Apparently so: A study from PricewaterhouseCoopers shows that 61 percent of misunderstandings between borrowers and lenders stem from confusion over fees, terms and ownership costs.

Experts say first-timers should save months in advance and budget for the money they’re sure to spend. Those expenses include: 

Closing costs and fees: Hecht tells his California clients to be ready to spend about $5,000 in closing costs alone. That’s because, as a buyer, you’ll have to pay attorney’s fees, lender fees, appraisal fees, title fees and a recording fee just to put your home’s deed on file with the state.

Property taxes and homeowners insurance: You’ll likely want to set up an escrow account where your loan servicer can pay your insurance premiums and tax payments for the life of your loan. All lenders require buyers to pay up to a year of insurance at closing.

Private mortgage insurance (PMI): This monthly fee is for buyers who pay less than 20 percent of a down payment on their home. It reimburses the lender in case you default on your loan.

Inspections: Most industry experts recommend buyers foot the bill for a home inspection. Depending on what your state requires, you could need a general, chimney, geological and/or sewer inspection (that’s about a $1,000 tab, Hecht says). Plus, not all repairs recommended by the inspector are always covered by the seller. You could end up paying some out of your own pocket.

HOA fees: If you’re moving into a subdivision or gated community, find out how much you’ll have to pay in annual/yearly homeowners association fees for neighborhood upkeep.

 

 

 

 

 

Hold off on that new furniture set or American Express card until you’ve actually moved in.

Why? Because lenders are going to check your debt load before closing and if you’re on the hook for a massive last-minute purchase, it could “kill a deal,” says Shari Saba, a Movement senior loan officer in Franklin, Tenn.

Many loans are approved based on a specific debt-to-income ratio and minimum credit score. If you go purchase a Hummer (or just a Honda) a few days before closing, and the dealership pulls your credit, your score could be affected, your ratio thrown off balance and “you’ve just blown yourself out of qualifying” for your mortgage,” Saba says.

“Keep everything status quo,” she says. “Don’t change your job. Keep your money tight. Pay your bills on time and buy yourself some groceries. I just don’t want to see any new credit cards.”

 

 

 

 

 

Time is money, right? So maybe you’ve decided to save on both by looking for and buying a home yourself. After all, who needs an experienced real estate agent or reputable lender when you have your mouse and keyboard at your side? A lot of people.

Local agents have the know-how and experience to navigate the oft-stressful home-buying process, says Meg Casper, vice president of the National Association of Realtors.

They know the market and can provide buyers with information about their neighborhood, such as average utility rates, schools and crime.

As for lenders, Casper suggests buyers consult with them face-to-face, rather that just an online search.

“When you sit down with a lender, you need to provide a lot of documentation,” Casper says. “It’s a whole lot better when you sit one-on-one with someone who knows” what they’re doing.


 

 

 

 


An enclosed deck in the backyard. A game room in the den. A sun room with bay windows.

In a perfect world, you’d have it all in your inaugural home. But chances are, you won’t. And as your search continues, you may want to compromise on those must-haves that you thought were deal breakers.

Buyers should understand that their first home is “not going to be perfect,” says Matt Brurs, a Movement loan officer in Las Vegas.

So talk with your agent or loan officer about amenities that are important to you, such as how many bedrooms you need or what kind of lawn you want.

“You don’t want to ruin anybody’s dreams but it’s all about setting expectations,” says Brurs, adding that good agents and loan officers can help balance the buyer’s wants with what’s attainable.

 

 

 

 

 

When facing closing and moving costs, one might be tempted to skip out on paying for a detailed home inspection.

Bad idea.

You may think it doesn’t matter when you first move in but a quality inspector can identify what’s causing that crack in the basement, or trace the source of those damaged roof shingles. Unlike someone who is just a roofer or just an electrician, good inspectors will climb the roof, traverse the attic and go under the crawl space to find the things the buyer won’t see on the surface.

“Because we see the house as a system, we may find that mold may not be caused by a roof leak…it’s caused by moisture at the lower level,” says Frank Lesh, executive director of the American Society of Home Inspectors. “The shingles might look fine but there could be a leak you can’t see.”

He adds: “A house doesn’t have a check engine light. You might think it looks OK because there are no telltale signs but there could be a problem you’re unaware of and the inspector has to look at everything.”

Want more info?

So there you have it, a not-too-exhaustive list of the kind of mistakes you don’t want to make if you’re in the market for your first house. If you’re ready to get your house hunt started or just need more information, talk to a mortgage loan officer and begin the conversation.

By Movement Mortgage  |  Jonathan McFadden 

672 Sanga Creek Road- Country Living at its Best!

by Melissa Thompson

 

Welcome home to 672 Sanga Creek Road, a fantastic Cordova home on almost 17 acres! This home features 4 Bedrooms (2Down), 3.5 Baths, smooth ceilings, security system, spacious 2-story Great Room with overlook, skylights, cozy fireplace, Formal Dining Room, gracious entry, large eat-in Kitchen with a full complement of appliances and island, Office, bonus Room, laundry Room, ceiling fans, walk-In closets, 2 Car garage, barn, delightful patio, and fishing ponds! Country living at its best! Enough land to do whatever your heart desires!

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.

325 N. Claybrook Street

by Melissa Thompson

Welcome home to 325 N. Claybrook Street, a Midtown charmer you will have to see to believe. Well-maintained, this updated home offers quality features including gleaming refinished hardwood floors, fireplace, 3 bedrooms, 3 bathrooms, sunroom, office, 2 car garage, remodeled kitchen and master bath, and so much more! Cooking will be a delight in the incredible updated eat-in kitchen with cabinet and counter space galore, pantry, island with seating, decorative tile backsplash, and a full complement of appliances. The incredible living room boasts refinished hardwood floors, neutral colors, breathtaking chandelier, lots of natural light, and a cozy fireplace, perfect for those cold winter nights. Host the finest of dinner parties in the large dining area located off of the kitchen, with gleaming hardwood floors, neutral color palette, French doors, and an elegant chandelier. You will rest easy in your master bedroom with neutral colors, hardwood floors, cooling ceiling fan and a private luxury bathroom. The updated luxury master bath boasts a large whirlpool tub, vanity sink, separate shower, tile floor, and many custom touches. This home offers two additional spacious bedrooms with refinished hardwood floors and neutral paint. These bedroom share a full bath. The Sunroom offers lots of space to play or relax, featuring neutral colors, loads of natural light, tile floor, and a cooling ceiling fan. The office offers lots of space to work, featuring neutral colors, hardwood floors, and French doors that open to the sunroom. The charming front porch and backyard add so much to the appeal of this 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.

Originally organized in the 70’s, Memphis in May is a month long festival split into four main events that kicks off with the Beale Street Music Festival.  The other events are International Week, The World Championship Barbeque Cooking Contest and the Sunset Symphony. 

The Beale Street Music Festival is a three-day music festival that showcases a mix of big-name stars performing side by side with local musical acts.  The 2016 Beale Street Music Festival is being held April 29 – May 1, 2016 and is the 40th Anniversary of the festival. It is held in Tom Lee Park, which is a beautiful 25 acre riverfront park at the foot of historic Beale Street overlooking the Mississippi River.  The festival attracts music enthusiasts from all 50 states and a dozen foreign countries. The festival typically hosts 100,000+ people for each of the first two nights of the events and usually attracts a large crowd for the big-name finales on Sunday night. Over the past decade, more than 1.1 million music fans have flocked to the festivals for its eclectic mix of contemporary rock, blues, soul and modern talent. 

This year’s line-up appears to be one that won’t leave anyone disappointed: 

Neil Young and Promise Of The Real – Beck – Paul Simon – Weezer – Zedd – Train – Meghan Trainor – Jason Derulo – Modest Mouse – Panic! At The Disco – Yo Gotti – Grace Potter – Young The Giant – Cold War Kids – Cypress Hill – Nathaniel Rateliff & The Night Sweats – Barenaked Ladies – The Arcs – Bastille – Violent Femmes – Courtney Barnett – Gin Blossoms – Trampled By Turtles – Moon Taxi – Lucinda Williams – Better Than Ezra – Houndmouth – Los Lobos – The Joy Formidable – Indigo Girls – Blackberry Smoke – Mavis Staples – Jonny Lang – The Front Bottoms – The Struts – The Lone Bellow – LunchMoney Lewis – Coleman Hell – Julien Baker – Water Trout – Ana Popovic – Bernard Allison – Luther Dickinson – Doyle Bramhall II – Those Pretty Wrongs – Amasa Hines – Will Tucker – Escondido – Alex Da Ponte – The Band Camino – John Nemeth – Magic Dick and Shun Ng – Charles Wilson – Jack Semple – Larry McCray – John Primer – Brandon Santini – Ghost Town Blues Band – Barbara Blue – Duwayne Burnside – Jimmy “Duck” Holmes – Terry “Harmonic” Bean – Blind Mississippi Morris – Larry Ling & Reverend Robert Rev – Leo Bud Welch – Bill Abel

For ticket information or to learn more about the festival, visit their website: Beale Street Music Festival 2016. Rock on!

 

By and photo credit: memphisinmay.org

Displaying blog entries 1-10 of 328