Real Estate Information Archive


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4 More Reasons to Sell Now

by Melissa Hayes Thompson

Melissa Thompson explains there are actually advantages to selling your Memphis TN home during the holidays.  January is a common month for business moves and buyers are generally motivated. Plus who can resist the holiday deco that gives a warm and cozy feeling for the potential buyers touring your home. No matter what your motivation for selling your home, don’t shy away from marketing it during the holidays. Turn your holiday decorating into a fun staging activity for marketing your home.

4 More Reasons to Sell Now

1. There Is Less Competition Now

Housing supply just dropped to 5.1 months, which is under the 6 months’ supply that is needed for a normal housing market. This means that, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

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.

Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

2. The Process Will Be Quicker

One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. Any delay in the process is always prolonged during the winter holiday season. Getting your house sold and closed before those delays begin will lend itself to a smoother transaction.

3. 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 23.5% 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 in the low 4’s right now. Rates are projected to be over 5% by this time next year.


4. 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.



9 Ways to Avoid Gobbling Up Energy on Thanksgiving

by Melissa Hayes Thompson


A few days before Thanksgiving

1. Install a dimmer switch for the dining room chandelier. Every time you dim a bulb’s brightness by 10%, you’ll double the bulb’s lifespan. Most CFLs don’t work with dimmers, but you can create mood lighting with incandescents and LEDs. The dimmer switch will cost you about $10.

2. Plan side dishes that can cook simultaneously with the turkey. If you cook dishes at the same temperature at the same time, you’ll reduce the amount of time the oven has to be running — it’s easier for the cook and saves energy, too.

When you start cooking

3. Lower your house thermostat a few degrees. The oven will keep the house warm. You also can turn on your ceiling fan so it sucks air up, distributing heat throughout the room.

4. Use ceramic or glass pans — you can turn down the oven’s temp by up to 25 degrees and get the same results. That’s because these materials retain heat so well, they’ll continue cooking food even after being removed from the oven.

5. Use your oven’s convection feature. When heated air is circulated around the food, it reduces the required temperature and cooking time. You’ll cut your energy use by about 20%.

6. Cook in the microwave whenever possible. Ditto slow cookers. Microwaves get the job done quickly, and although slow cookers take much longer, they still use less energy than the oven. Resist the urge to peek inside your slow cooker: Each time you remove the lid, it releases heat and can add about 25 minutes of cooking time to your dish.

7. Use lids on pots to retain heat. The food you’re cooking on the stovetop will heat up faster when you use lids.

When it’s cleanup time

8. Scrape plates instead of rinsing with hot water. Unless food is really caked on there, your dishwasher should get the dishes clean without a pre-rinse. Compost your non-meat food waste. Check out these other Thanksgiving clean-up tips

9. Use your dishwasher. It saves energy and water, so only hand-wash things that aren’t dishwasher-safe. Wait until you’ve got a full load before starting the dishwasher. Be sure to stop the appliance before the heated dry cycle; just open the door and let your dishes air-dry.

Happy Thanksgiving!

By: Courtney Craig and HouseLogic


Memphis TN Real Estate For Sale: 491 N Ericson Memphis TN 38018

by Melissa Hayes Thompson

Easy main level living awaits you in this all brick ranch home tucked away in Trinity Crossing with easy access to dining, shopping and recreation. Quality features include a two car garage, hardwood floors, tiled floors, crown molding, plantation shutters, ceiling fans and soaring ceilings. Come on in the spectacular great room where you can toast your toes by the gas fireplace or slip out the French doors to the peaceful backyard. A designer kitchen with Mexican tiled floors offers ample cabinet and counter space, all appliances, breakfast bar plus a sunny dining area. The soothing master suite with picture window views, walk-in closet and a pampering master bath including a bubbly garden tub, large walk-in shower and an elongated vanity with a sink and make-up area. The secondary bedrooms are sized generously and share a lovely hall bathroom. Fantastic fenced backyard is perfect for grilling and chilling. Pack your bags and come on over we are sure you will want to stay.

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 #38: Orion Starry Nights at Shelby Farms Park

by Melissa Hayes Thompson

If you aren’t too stuffed from Thanksgiving Dinner, make sure to visit Orion Starry Nights at Shelby Farms Park! Open November 21st thru December 28th, including Thanksgiving Day!

Orion Starry Nights is a Mid-South tradition. More than 1.5 million lights illuminate the night sky in the largest holiday light show and festival in the Mid-South. But Starry Nights is more than a show–it’s an experience. This year’s show features 14 new displays that celebrate some of the most iconic places in Memphis, as well as revamped versions of annual favorites.

Experience Starry Nights in a new light every night! Ride in style on an enchanted, horse-drawn carriage or hayride! Decorating your car or wearing your favorite holiday sweater offers you fun ways to earn a $5 discount on tickets on special theme nights! Grab a cup of hot chocolate while you visit Santa, do some holiday shopping with local artisans, visit the Starry Petting Zoo, and even ride a camel in Mistletoe Village. Afterward, gather around a cozy campfire and roast s’mores while you listen to carols in the village on the Starry Stage. Discounts are only valid on specific dates.

All proceeds from Orion Starry Nights benefit Shelby Farms Park Conservancy, the nonprofit organization that manages and operates Shelby Farms Park + Shelby FarmsGreenline.

Purchase tickets ahead of time! You can skip the line at the main entrance (Walnut Grove) and enter through the VIP gate on Mullins Station Road. Buy Tickets Here!

Maybe you are interested in volunteering. Click here to become a part of the magic of Starry Nights.

For more information, visit the website or contact Natalie Wilson, Events Manager at [email protected] or (901) 222-7267.

Collierville TN Home For Sale: 9821 S Houston Oak Drive Collierville TN 38139

by Melissa Hayes Thompson

Add this picture perfect home to the top of your list! Located in the Houston Estates Subdivision of prestigious Collierville TN on a .74 acre landscaped lot, 9821 S. Houston Oak Drive is a must see. Notable features include hardwood floors, tiled floors, tiled bathrooms, granite, crown molding, recessed lighting, decorative moldings, smooth ceilings, transom windows, stainless appliances, plantation shutters throughout, built in bookcases, Gunite pool and lawn sprinkler. A grand 2-story entry hall that is sure to impress your most distinguished guests invites you to meander your way through this inviting home.  A banquet size formal dining room illuminated with a dazzling chandelier is sure to impress your most distinguished guests. Entertain loved ones in spacious and warm great room complete with a toasty gas log fireplace, decorative wood mantel and double French doors the sunny backyard. Working from home will be a pleasure in your very own study complete with beautiful built-in bookshelves and tons of natural lighting. The gourmet eat-in kitchen is cooks dream come true with all the bells and whistles to create culinary masterpieces including durable tiled flooring, granite countertops, refurbished cabinetry, newer sink and faucet, newer Kenmore Elite stainless steel appliances including double ovens, refrigerator, dishwasher, trash compactor and microwave.  A cheerful breakfast area with an abundance of windows and natural lighting is the perfect place to start your day. Retreat to the main level master suite and relax in complete splendor with a private luxury bathroom plus access to the nursery or exercise room complete with tiled flooring and double French doors leading to the back patio. The spa-inspired master bathroom boasts tile, double vanities with granite, large whirlpool tub and divine walk-in tiled shower. A hardwood staircase leads upstairs to a unique circular hallway overlooking the great room. Fabulous bedrooms share a Jack n Jill bath with trendy light fixtures, granite vanity, tiled flooring and a tub/shower combination. Bedroom two is large and includes built-in bookshelves, sitting area and a walk-in closet. The fantastic fourth bedroom is an ideal guest suite with a private tile and granite bath. The awesome laundry room has cabinets, utility sink, tiled flooring and space for a refrigerator or freezer. The vast downstairs bonus room is a thriving place to entertain the kids and kids at heart. Featuring, crown molding, hardwood floors, lots of windows and French doors leading to the beautiful backyard one could happily linger here all day! A resort style fenced backyard features a covered patio with a soothing ceiling fan and a sparkling in-ground Gunite pool making this the perfect place for cookouts and parties.  Don't miss the opportunity to retreat from the hustle and bustle of everyday life, simply by coming home! Make your appointment today!

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.

15 Reasons to Love Memphis!

by Melissa Hayes Thompson

Make lasting memories with friends and family by running (or walking) and helping St. Jude provide the resources needed to help kids with cancer and other deadly diseases and their families continue to build their own lasting memories. Spots are still available for the St. Jude Memphis Marathon on December 6th, 2014. 

The St. Jude Memphis Marathon Weekend is more than just a race. It’s an experience that lasts the whole weekend. Come to run but stay for the fun, music and all that Memphis has to offer! Kick off the weekend festivities at the Expo where you can browse nearly 100 exhibitors for the latest in race merchandise, racing events and more.

Looking to participate in the race? Run through a piece of American history. You’ll pass the National Civil Rights Museum, Beale Street and Sun Studio and run through the St. Jude campus. There are a number of great race options to fit your pace.
Marathon                                                                Marathon Relay
Classic Level St. Jude Hero - $125                       $60 per runner (5 runners per team)
Non-fundraiser entry - $160

Half Marathon                                                       St. Jude Memphis 5K
Sold Out                                                                  Classic Level St. Jude Hero $45                                                                                                                                   Non-fundraiser entry - $55

Family Fun Run & Kids Marathon
$20 per person
All children must be accompanied by an adult, so a minimum of two participants must register (one adult and one child).

Looking for other ways to get involved? Get on the good foot — before, during or after the race. There are a variety of ways to volunteer and there’s more than one way to give, consider becoming a sponsor! 

Through the generous support of fundraisers and their donors, families never receive a bill from St. Jude for treatment, travel, housing or food—because all a family should worry about is helping their child live.

Please join this great cause and help make a difference in the life of a sick child and their family!

Learn more about the event weekend details and activities. St. Jude Marathon

Contact St. Jude at [email protected] or call (800) 565-5112 with any questions.


Photo Credit: St. Jude

Bartlett TN Home For Sale:4371 High Plains Road Bartlett TN 38135

by Melissa Hayes Thompson

Bartlett TN Home For Sale

4371 High Plains Road Bartlett TN 38135

If you looking for a whole lot of elbow room look no further than 4371 High Plains Road! Situated on a beautiful landscaped .46 acre lot in a wonderful Bartlett TN neighborhood this traditional home offers plenty of room to live, work and play! Desirable features include gleaming hardwood floors, tiled floors, trey ceilings, ceiling fans, tiled baths, sprinkler system, security system, 2 attics, 2 offices, 3 car garage and more! Spacious, warm and inviting great room is the perfect place for the family to gather and relax by the toasty gas log fireplace. A gourmet kitchen that is sure to whet your appetite with tiled floors, walk-in pantry, island, lots of cabinet space, decorative tiled backsplash, stainless steel appliances including a dishwasher, double oven, refrigerator and smooth cook-top complete with a sunny breakfast area overlooking the backyard. A dreamy main level master retreat boasts a walk-in closet, sitting area and a spa-inspired bath with an elongated double sink vanity, large soaking tub, tiled floors and a divine walk-in shower. A private main level office offers a quiet place to work from home. The additional bedrooms have walk in closets ceiling fans, carpet and share a tiled bath with double sinks, tub/shower combination, brushed nickel faucets and lighting. A notably large fifth bedroom plus a bonus room offers great flex space for rest and relaxation. The backyard backs up to the greenbelt and features a nice patio, which is great for cookouts and parties. Make your appointment today to see this 5 bedroom 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.

4 Reasons to Buy Before Winter

by Melissa Hayes Thompson

4 Reasons to Buy Before Winter | Keeping Current Matters

It's that time of year, the seasons are changing and with them bring thoughts of the upcoming holidays, family get togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy don't have to look much farther to find four great reasons to consider buying a home now, instead of waiting.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 11.2% (most pessimistic) and 27.8% (most optimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home. 

3. Either Way You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But, what if they weren’t? Would you wait? Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.


Happy Veteran's Day!

by Melissa Hayes Thompson

Happy Veteran's Day!

Thank you for your service!



Displaying blog entries 1-10 of 15