Real Estate Information

Your Key to Memphis

Melissa Thompson

Blog

Displaying blog entries 931-940 of 1032

Germantown TN Home For Sale: 1831 Hidden Oaks Drive, Germantown, TN 38138

by Melissa Hayes Thompson

Germantown TN Home For Sale
1831 Hidden Oaks Drive Germantown, TN  38138

Amazing Germantown home that you will have to see to believe! Built for entertaining, this spacious open floor plan offers impressive formal rooms, plus comfortable everyday living spaces. Quality features include hardwood, renovated kitchen, hearth room, office, five bedrooms plus bonus room, three fireplaces, and an in-ground pool. The renovated eat-in kitchen comes equipped with an abundance of cabinetry, island with breakfast bar, double ovens, gas cooktop, Grohe fixtures, and opens to the great room and hearth room. Family and friends will enjoy gathering in the cozy hearth room with brick fireplace, built-in desk and cabinetry and wood paneled ceiling. The vast great room offers an abundance of natural light from the large windows and French doors. An elegant dining room and separate living room offer the perfect spaces for formal entertaining. An oversized office/sunroom provides additional living space on the main level. Retreat to a master suite you will never want to leave! Features include a fireplace, walk-in closet, crown moulding and a spa bath with whirlpool tub, steam shower, double vanity and heated floors! The master womens closet has a dressing area with built-ins, vanity and sink. Four additional bedrooms distinctly designed for comfort offering ample growing space. A private bedroom features a full bath making this an ideal place for guests. A fabulous bonus room offers great flex space for home office and recreational fun. Beautiful outdoor space in the professionally landscaped and fenced-in yard with a sparkling heated, in-ground Gunite pool, delightful courtyard, mature trees, plus a front porch and side-loading 3 car garage. Make your appointment today before this gem is 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.

The Difference Between A Home’s Cost vs. Price

by Melissa Hayes Thompson

The Difference Between A Home’s Cost vs. Price | Keeping Current Matters

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen in 2015?

nationwide panel of over one hundred economists, real estate experts and investment & market strategists project that home values will appreciate by almost 4% by the end of 2015.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Tablepredicts that the 30-year fixed mortgage rate will appreciate to 4.5% by the end of 2015.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Cost of Waiting | Keeping Current Matters

 

101 Things To Do In Memphis #48: Buckman Performing Arts Center

by Melissa Hayes Thompson

Since 1996, the Buckman Performing Arts Center has inspired the Memphis arts scene through creative programming that features a rich variety of internationally renowned artists, dancers and musicians. Buckman audiences have come to expect the unexpected, while reveling in the daring and provocative offerings they find on The Rose Theater stage.

With a reputation as a home for eclectic music and contemporary dance in the most intimate of settings, it is the premiere performance venue uniting the Memphis community through the visual and performing arts.

The William H. Rose Theater seats between 288 and 328 in a sloped floor arrangement. The decorative and acoustically engineered wall treatments create a rich blended acoustical tone in the theater. A complex system of catwalks, rigging and adjustable lighting support a variety of performances. The main stage area has a resilient “sprung”  high-quality, wood floor, as well as a sectional marley covering for the dance performance.

Buckman’s also offers opportunities for all ages to participate in the arts! Join them for one of their exciting classes including piano, voice lessons, a variety of dance classes and acting.

A couple upcoming events you won’t want to miss…. Cirque-Tacular World Acrobatics, February 7th, Los Lonely Boys, March 20th , and Te Amo, Argentina Tango, April 19th. Your seat is waiting!

For more information about any event please call the Buckman Events Line at 901.537.1483 or visit their website.

 

By and photo credit: stmarysschool.org

Memphis TN Home For Sale: 655 Riverside Drive, Unit 1202, Memphis TN 38103

by Melissa Hayes Thompson

Memphis TN Home For Sale
655 Riverside Drive, Unit 1202,  Memphis TN 38103

Stunning River Tower South Bluff corner unit condo with all the comforts of home! Panoramic skyline views illuminate the quality features of 655 Riverside Drive including tiled floors, crown molding, smooth ceilings, stainless appliances, granite and more! Wow is exactly what you will say when you walk in the door! A great room with spectacular views from every angle joins a seating area and a breakfast room with a gas fireplace and serving bar. Beautiful  designer kitchen with  durable tile flooring, pristine white cabinetry, lustrous granite counters and stainless steel appliances including a microwave, self-cleaning oven, dishwasher and deep double sinks is sure to please. The magnificent master suite offers a walk-in closet, a sitting area overlooking the city and a luxurious master bathroom with elongated double sink vanity, brushed nickel fixtures tile floor and a nice tub/shower combination. Fabulous secondary bedrooms feature great closet space, soft carpet, sliding glass doors leading to the balcony and a shared bathroom with tiled floor, updated fixtures and a tub/shower combination. Play a game of tennis or work out in the exercise room then meet new friends at the clubhouse. River Tower South Bluff is the ideal place to call home. Make your appointment today enjoy the views for a lifetime.

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.

Why Have Interest Rates Dropped?

by Melissa Hayes Thompson
 

Why Have Interest Rates Dropped? | Keeping Current Matters

The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might think that they should wait to buy, because rates may continue to fall.

A recent article on the Economists’ Outlook blog by the National Association of REALTORS® (NAR) provides insight into one major factor in the decline in interest rates, the crude oil price.

“As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20/gallon, the lowest since gas prices peaked to about $ 4/gallon in May 2011.”

You may have noticed that filling your gas tank has become substantially less expensive in recent months. A welcome change from the close to $5 a gallon that many Americans were paying this time last year. The average US household is projected to save around $550 in 2015.

So what does that have to do with Interest Rates?

NAR explains the correlation like this:

“Lower oil prices mean lower inflation rate, which pushes down mortgage rates.”

Based on Freddie Mac’s weekly mortgage survey as of January 22, 2015, the 30-year fixed rate averaged 3.63% and the 15-year fixed rate averaged 2.93%.

“The decline in oil prices is generally positive to households by way of the gas savings and lower mortgage payments. That savings will boost consumer spending in other areas. But there may be some layoffs in oil-producing states.”

How long will rates stay low?

No one really knows how long oil prices will continue to support low mortgage rates. In a New York Times article, the author points to the fact that “adding hundreds of billions of dollars to consumer spending” could start to have a “counter effect” on rates as the economy continues to strengthen.

“If firms start hiring again, and wages increase — that’s when the level of all interest rates in the U.S. would increase.” 

Don’t wait too long

The low interest rates we are currently experiencing are not going to stay around forever. The current projections from Freddie Mac, Fannie Mae, NAR and the Mortgage Bankers Association all agree that interest rates will increase to between 4.3-5.4% by the end of 2015.

Bottom Line

NAR reports: “At the median home price of $205,300, a 0.75 percentage point drop in mortgage rates will yield savings of about $1,000 annually.”

If you are in a position to buy a home make sure that you meet with a local real estate professional with their finger on the pulse of what’s going on in the market. Don’t let a delay in purchasing impact your family’s financial future.

 

Lakeland TN Home For Sale: 10281 Mays Glade Drive, Lakeland TN 38002

by Melissa Hayes Thompson

Lakeland TN Home For Sale
10281 Mays Glade Drive Lakeland TN  38002

Welcome home to 10281 Mays Glade Drive a spectacular brick home in the desirable Lakeland Heights subdivision! Beautiful open floor plan including gleaming Brazilian Cherry 5” wood floors, 2 staircases, spacious eat-in kitchen with hearth room, great room, bonus room, huge backyard and a side-loading 2-car garage! Impress the most distinguished guests in the formal dining room with a tray ceiling, arched entries and a dazzling chandelier! Entertaining will be a delight in the great room with access to the backyard and patio. A gourmet kitchen features granite, tiled floors, an island, copper sink, pantry, recessed lighting and a full complement of appliances. Family and friends will enjoy gathering in the breakfast area overlooking an inviting hearth room with cozy gas fireplace. Retreat to your spacious main level master suite with hardwood floors, walk-in closet, ceiling fan and relax in the luxurious bath with dual vanity, walk-in shower, whirlpool tub and tiled floors. Three additional bedrooms on the upper level distinctly designed for comfort. A private bedroom features a full bath making this an ideal place for guests. The additional bedrooms offer a soothing place to rest at days end and share a full bathroom with double vanity and tub/shower combo. A fabulous bonus room offers great flex space for home office, media and recreational fun. BBQ, entertain or relax while watching the kids and pets play in your huge, level, fenced-in backyard with extensive decking and covered porch with ceiling fan/light, plus it is wired for speakers! One-of-a-kind property – do not wait!

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 #47: Charles Vergo’s Rendezvous Charcoal Ribs

by Melissa Hayes Thompson

 The Rendezvous, founded by Charlie Vergos in 1948, started out as an 80 seat tavern serving ham and cheese sandwiches. When Charlie cleaned out the basement beneath his diner, he discovered a coal chute and started a barbecue legend. The coal chute gave Mr. Charlie a vent for his considerable talent over the grill. He developed a unique seasoning fusing his Greek heritage with spices he enjoyed from New Orleans. Mr. Charlie was a collector and hung antiques, memorabilia, and artwork on the walls. This, along with a soulful jukebox, lively waiters, and aromas from the kitchen helped him to create an atmosphere unequalled in the city of Memphis.

Today, several thousand people on an average Saturday night pour into the basement and sink their teeth into a slab of what makes Memphis, well, Memphis. Presidents and potentates, the King and the Killer, Rolling Stones, *NSYNC, and everybody who’s anybody have all been down for a bite.

The restaurant is still in the Vergos family and run by Charlie's three kids and their kids are coming along, and their kids will follow. The ribs still taste the same as they did in the beginning. Plus, they still make a mean ham-and-cheese sandwich too!

While Rendezvous is famous for its ribs, don't overlook the other items on the menu. From the beef brisket to the pulled pork shoulder sandwich to grilled chicken.

The Rendezvous can offer its one-of-a-kind menu, charm and ambience to fulfill your special-event needs accommodating parties as large as 300 people!

Visit hogsfly.com for more info or call 901.523.2746.

On your way out, don’t forget to pick up a bag of BBQ popcorn!

 

By and photo credit: hogsfly.com

Attaining the American Dream: 5 Financial Reasons to Buy

by Melissa Hayes Thompson
 

Attaining The American Dream: 5 Financial Reasons To Buy | Keeping Current Matters

Heading into 2015 many people have their sights set on buying a home. The personal reasons differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership his paper - The Dream Lives On: the Future of Homeownership in America.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You're paying for housing whether you own or rent.

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings”.

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from income...On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

Bottom Line

We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially.

by 

101 Things To Do In Memphis #46: Elmwood Cemetery

by Melissa Hayes Thompson

#46: Elmwood Cemetery
A tour of Elmwood Cemetery is a journey through the past as it is the most historic ground in this part of the world.  The dramatic Entry Bridge, the Carpenter-Gothic Office Cottage, the entire 80-acre cemetery, are all on the National Register of Historic Places.

Fifty Memphis gentlemen committed $500 each to purchase land and establish a new cemetery in 1852. Originally consisting of 40 acres, it was expanded after the Civil War to 80 acres. In the 1870s the original corporation was dissolved and Elmwood became one of the oldest nonprofits in Tennessee. Since then, Elmwood Cemetery has become the final resting place to over 75,000 inhabitants including mayors, governors, madams, blues singers, suffragists, martyrs, generals, civil rights leaders, holy men and women, outlaws and millionaires.

Elmwood is also an official Bird Sanctuary and Arboretum.  Established as part of the Rural Cemetery Movement, it is a classic example of a garden cemetery with its park-like setting, sweeping vistas, shady knolls, large stands of ancient trees, and magnificent monuments. The cemetery is home to almost 1,500 trees. It is a Tennessee Urban Forestry Department Level II Arboretum, and many of its trees are tagged with scientific and common names. During the Victorian Era, the popular view of death became romanticized; death was now represented by symbols including angels, flowers, and plants. These ideas are reflected in the many magnificent monuments, mausoleums and life-sized figures.There are both self-guided and docent-led Arboretum Tours available for children and adults alike.

Do you want to learn about Memphis history? Attend Elmwood University and get to know Memphis’ oldest active cemetery while you uncover a wealth of knowledge about the individuals who helped shape a small river town into a modern metropolis. Elmwood University will train students to deliver history-based tours or to preserve some of Elmwood’s oldest monuments.

Elmwood is the final resting place of those who created Memphis history and has emerged today as Memphis' finest and oldest active cemetery. Learn more at elmwoodcemetery.org or call 901.774.3212

By and photo credit: ElmwoodCemetery.org

How to know if it’s time for a price change

by Melissa Hayes Thompson

Has your home been listed for a few months now, but it’s still sitting on the market? It may be that you are clinging to an outdated asking price.

Is your price outdated too?

How to know if it’s time for a price change

  • You’re getting plenty of showings, but no offers
  • You are getting what you consider “low ball” offers
  • The feedback from showings almost always include a reference to the price being too high
  • You are the highest priced home in your neighborhood
  • Other homes in your neighborhood have come on the market and been sold already
  • You have a deadline to move

Of course, you should always discuss your pricing strategy with your agent, who can provide the details on every home recently sold and listed in your neighborhood.

By:Crescent City Living LLC

Displaying blog entries 931-940 of 1032

Syndication

Categories

Archives