Real Estate Information Archive


Displaying blog entries 1-10 of 18

Should I Buy a Home Now? Or Wait Until Next Year?

by Melissa Thompson

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.4% by next year.
  • CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

Let the experts at The Melissa Thompson Team help you decide if now is the right time for you to purchase a home! 901-729-9526 or [email protected]

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101 Things To Do In Memphis #85: Memphis Tequila Festival

by Melissa Thompson

One Tequila - Two Tequila - Three Tequila - MORE!

Join in on the Memphis Flyer's first annual Memphis Tequila Festival.  Friday, October 13th from 6-9 PM. Kick off the Halloween party season in one *spirited* evening! 

Sample 15 variations of tequila and chat with distillers while you enjoy tasty food choices including Babalu Tapas & Tacos, fun party activities, local DJ's rock the block, and lots of spooky surprises.

Proceeds benefit Volunteer Memphis, so every sip counts!

Buy Tickets here!

This is a 21+ event, and it is rain or shine!

Overton Square Courtyard, 2101 Madison Avenue, Memphis, TN

By and photo credit:

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Bartlett Beauty! 4145 Blackheath Drive

by Melissa Thompson

Welcome home to this incredible 4 bedroom, all on one level, Bartlett home situated on a beautifully landscaped lot in the Daybreak subdivision overlooking the golf course. Quality features include an open and airy floor plan, smooth ceilings, plantation shutters, New HVAC unit, romantic fireplace, built-in bookshelves, laundry room, attic, 2 car garage, workshop and more! As you walk through the front door you are welcomed into the gracious entry. Enjoy comfortable everyday living in the spacious great room enhanced with built-in bookshelves with cabinets and a cozy fireplace, perfect for those cold winter nights. Host the finest dinner parties in the lovely dining room. Cooking will be a delight in the wonderful eat-in kitchen equipped with a full complement of appliances. The charming breakfast area is the perfect spot to enjoy your morning coffee. You will rest easy in your very own romantic, luxurious master suite featuring a spa-inspired bathroom enhanced with a relaxing whirlpool tub, divine walk-in shower, and an elongated dual sink vanity. The handyman in the family will love the workshop with a convenient sink. This terrific home is in the sought after Bartlett School District. Do not let this Bartlett home getaway! Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9443.

Turn of a Key Lifestyle! 540 Peabody Square

by Melissa Thompson

If you are looking for a turn of the key lifestyle this fabulous Downtown Condo is perfect for you! As you walk through the front door you are welcomed into the gracious entry leading to the spacious great, where you will enjoy comfortable everyday living. Cooking will be a delight in the wonderful kitchen equipped with a full complement of appliances, breakfast bar and a pantry. Serve romantic meals in the lovely dining room. Enjoy all the benefits of the home owners association which includes a sparkling in-ground pool, clubhouse, garbage pickup, parking lot, exterior lighting, doors, shutters, roof replacement, and landscaping! Do not let this amazing condo tucked away in Central Gardens getaway! Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9443.

Steps to Take Before Buying a Home - A Guide for First Time Homebuyers

by Melissa Thompson

Buying your first home is a huge endeavor and the decision to do so should not be made lightly.  In fact, it is likely to be the largest financial decision you will ever make.  So, be smart and be prepared. Do your research before you even start looking at houses and make sure you know what you are getting into.  Here are some important steps to take before buying your first home:

  1. Make sure being a homeowner is right for you.  While the idea of owning a home is exciting, there is a lot that goes into it.  If you’ve been paying rent, you might find that a mortgage payment is less than what you’ve been paying.  That is a positive thing for sure. But you need to consider that as the homeowner it will now be your responsibility to handle the maintenance and upkeep of your home.  If something breaks, you won’t have a landlord or management company to call to fix it.  You will have to fix it yourself or hire someone to do so…and pay for it.  Investing in a home can be financially rewarding if you work within an appropriate budget  that will allow you to meet all your needs.
  2. Consider financing.  How do you plan to pay for your new house?  This is an important step in determining how much you can afford to spend on a house.  Do your homework and avoid being in the middle of the home-buying process and discovering that you don’t have the funds you need to complete the purchase. Check out loan programs for firs time home-buyers and if you haven’t already, start setting aside cash for a down payment.  Order a free credit report and give yourself time to clean up your credit if need be. I highly recommend getting pre-approved for a loan before starting your home search. This lets sellers know that you are serious about buying and gives you a leg up over buyers who haven’t been pre-approved when making an offer.
  3. Figure out what you want.  Before you start looking at properties, create a list of what you want in a home.  Are you looking to live in the suburbs or would you prefer city living?  Is the school district you live in a top priority?  Are you looking for a spacious home with a big yard, or a cozy home with a small yard?  Think about your lifestyle and what kind of house goes along with it.  Once you have a good idea of what you want, narrowing down your search will be easier and you won’t waste your time looking at properties that don’t suit your needs.
  4. Enlist the aid of a buyer's agent.  The expert guidance of an experienced Realtor is invaluable.  A buyer’s agent represents you and has a fiduciary responsibility to look out for your best interests.  You will appreciate the knowledge that a local realtor will have about the area where you are looking.  Once provided with a list of your wants and needs, a Realtor can save you time by searching listings to find homes that meet your criteria. Your agent can advise you on neighborhoods, school districts and much, much more.  Take advantage of your Realtor’s expertise and your home-buying experience much less overwhelming and stressful.

If you are thinking about purchasing a house, contact Melissa Thompson at and let her help you get started on your journey to home-ownership!

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Lack of Existing Home Inventory Slows Sales Heading into Fall

by Melissa Thompson

Some Highlights:

  • The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
  • First-time homebuyers made up 31% of all sales in August.
  • Homes are selling quickly with 51% of homes on the market for less than a month.
  • A limited supply continues to drive up prices for the 66th consecutive month.

​​Contact Melissa Thompson at Your Key to Memphis and she can help you get your house on the market and sold this autumn!

​​By: KCM Crew 

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101 Things To Do In Memphis #84: The Mid-South Maze

by Melissa Thompson

Most of the modern world is mapped—GPS devices capably guide people through entire road trips and atlases describe more terrain than most people could cover in an entire lifetime. While it's difficult to reawaken humanity’s sense of surprise and discovery, The Mid-South Maze is up for the challenge. Every year, the maze’s manufacturers spend months carving up their cornfield into clever patterns that, when viewed from the sky, might appear as a famed sports logo or the face of a long-departed pharaoh. On the ground, however, that pattern vanishes, leaving wanderers to use their wits to navigate the arching corn passageways.

The Mid-South Maze entertains with more than just its winding labyrinth.  The Jumping Pillow is the newest addition the Mid-South Maze and one of the hottest outdoor activities around. The Pillow originated in Europe and has made its way to the US within the last five years. The Pillow is 35’ x 65’ and can accommodate p to forty participants. Cost is $4 per person, jump all you want.

The Corn Cannon, one of the most popular activities offered, lets you launch ears of corn at targets up to 100 yards away. Hit a target, win a prize! Cost is three shots for $1.

Haunted Hayrides will take place on Friday and Saturday nights in October. Rides will feature a spooky twist and last approximately 15 minutes. Cost is $5 per person.

Hours of Operation

Thurs/Friday – 4:00 – 10:00 PM
Saturday – Noon -10:00 PM
Sunday – Noon – 8:00 PM

Weds/Thurs/Friday – 4:00 – 10:00 PM
Saturday – Noon – 10:00 PM
Sunday – Noon – 8:00 PM

Corn Maze

Adults (13 and Up) - $7.00
Kids (6-12) - $5.00
5 and under – Free with Adult Purchase

Haunted Maze
General Admission - $15.00
Haunted Hayride - $5.00

Haunted Maze Dates (7-10 PM)
Sept. 30, Oct 6-7, Oct 13-14, Oct 20-21, Octo 27-28, Oct 31, Nov 3-4


Located at Agricentral International, 7777 Walnut Grove Rd, Memphis

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How Fast Can You Move to this East Memphis Home? 70 N. Century

by Melissa Thompson

Welcome home to 70 N. Century Street, an incredible East Memphis home you have to see to believe! Featuring smooth ceilings, updated fixtures, granite galore, stainless steel appliances, 2 romantic fireplaces, built-in bookshelves, hardwood floors throughout, workshop, gated driveway plus a 2 car garage and so much more! Greet your guests as they enter into the gracious entry leading to the warm and inviting living room open to the kitchen and dining room enhanced with a cozy fireplace and built-in bookshelves with accent lighting. Style and utility are masterfully fused together in the remodeled kitchen equipped with granite countertops and a full complement of stainless steel appliances. Host the finest dinner parties in the lovely dining room embellished with a dazzling chandelier. Snuggle up by the romantic, cozy fireplace in the spacious great room enhanced with an eye-catching vaulted wood beamed ceiling, and built-in bookshelves with cabinets. Come home and lay your head down at days end, in your very own downstairs master suite featuring a huge walk-in closet. The spa-inspired bathroom comes complete with a large soaking tub, divine walk-in shower, and an elongated dual sink granite vanity. Plenty of space for the youngster with 3 additional bedrooms upstairs. The handyman in the family will enjoy doing projects in the awesome workshop! Relax outside in the fenced backyard with a delightful patio, perfect for cookouts and parties! Do not let this amazing East Memphis home pass you by! Call The Melissa Thompson - Your Key to Memphis Real Estate Team with any questions or to schedule a private showing (901) 729-9443.

Selling Your House in Autumn

by Melissa Thompson

With autumn fast approaching, you may think that you should wait until next spring or summer to sell your house.  While it is true that the warmer months are popular for home sales, that doesn’t mean autumn is a bad time to sell.  Some buyers, such as empty nesters and millennials, prefer shopping for a home when there is less competition from people trying to move before the beginning of the school year.  So, if you would like to sell your house before winter, here are some tips for making it attractive to buyers during autumn:

1. Keep the exterior of your home neat and clean.  Curb appeal matters…a lot. It doesn’t matter how pristine the interior is if prospective buyers never walk through the front door.  The first impression is made when they first see the property and if it doesn’t look good on the outside, they may not want to look inside.  There are unique challenges to keeping your yard looking nice when the weather is cooler and the days shorter. If you have a lot of trees dropping leaves, raking will be a full-time job.  You want buyers to see your grass!  Any dead or dying plants and flowers need to be removed or cut back.  Use a fall maintenance checklist to make sure you have your property in the best shape possible.  And if you really want to impress, plant some fall flowers in bold hues to add pops of color to your yard.

2. Stage your house for the season, but don’t go overboard.  There are holidays to look forward to during the autumn season.  Potential buyers will enjoy seeing your home decorated accordingly. It will help them picture celebrating the holidays with their own families there. Keep it simple though, because you don’t want to take the focus away from the home itself.  You risk having your house look cluttered if you have too many decorations.  Embrace autumn and the warmth and coziness it exudes.  The smell of a freshly baked apple pie, the crackle of a fire in the fireplace and tasteful autumn décor might be all it takes to seal the deal on a sale!

3. Make sure lighting is sufficient.  There will be prospective buyers who want to see your house after work and with the days being shorter, it might be dark outside when they get there.  You are not going to want them walking into a dark, unlit home.  Turn on the lights inside and out. Exterior walkways and entertainment areas, such as patios and decks, should be well lit.  If you know your house is going to be shown, leave lights on in every room.

4. Price your house appropriately.  It’s important to know what homes are selling for in your area and to price yours accordingly.  Utilize the current market analysis to determine the value of your home.  A professional Realtor can help you set the right price for your home taking into account the season and market in which you are selling.  You don’t want to scare buyers away by overpricing your house.

Contact Melissa Thompson at Your Key to Memphis and she can help you get your house on the market and sold this autumn!

Happily Ever Homeowner

by Melissa Thompson

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

Many couples are deciding to use what would otherwise be their wedding fund as a down payment on their first home, as unmarried couples made up 8% of all first-time buyers last year. If you’re single, don’t fret; you can still buy your dream home! Single women made up 17% of first-time buyers in 2016, while single men accounted for 7% of buyers.

According to a survey by the Wedding Report, the average cost of a wedding in the United States at the start of the year was $25,961, which equates to a 10% down payment on a median priced home.

A recent article from the New York Times found that many singles are now asking their parents to allow them to use the money they’ve saved up for their wedding day to instead buy a home.

In the case of Carrie Graham, a Protestant minister from Austin, TX, her parents had saved a ‘five-figure sum’ for her wedding and were more than willing to give her that money as a down payment on her dream home. Graham told The New York Times,

“Buying the home wasn’t me saying, ‘I’m never going to get married’ or I am going to get married.’ My own home had way more than equity benefits. It was a real gift to have a home in an extremely desirable neighborhood in a city that I love. It’s brought me joy.”

Bottom Line

More and more first-time homebuyers are finding a way to purchase their dream homes, even if that means delaying their dream weddings.

Contact your local expert’s at The Melissa Thompson Team at 901-729-9526 or [email protected] to find your dream home! 

BY: KCM Crew

Displaying blog entries 1-10 of 18