Well how many places have you seen these words #Gogrizz #BelieveMemphis in the past couple of weeks, isn’t it exciting for the city to pull together for such a fun time?
My husband sent me this great blog post by Dan Conoway on Two Bo’s One Town.
It talks about two different plights of Two Bo’s and how they have made their great stories here in the wonderful “Bluff City”. There story is just a testimony to fighting the good fight and never stop believing in what you can do.
Click Here to download a printable copy of our Memphis Real Estate Market Report for April 2013.
April was a great month for local Memphis Real Estate. Home sales were up 20% from last year with 1,337 sales recorded to 1,113 recorded in April 2012. Average home sales prices were up 7% to $128,799 from $120,376 last year. Year to date home sales and average sales prices are both up 10% from the same time last year. 25 out of 33 zip codes in the county had an increase in overall sales activity and 25 of 33 zip codes had an increase in average sales price. 54% of all home sales in April were valued under $100,000 with 728 total; up 14% from 636 in April 2012. Home sales over $500,000 were up 71% with 24 closed for the month compared to 14 last year. If you are thinking about buying or selling, now is the time! It is an especially good time to get your home on the market. If you are interested in selling your home or would like a free market analysis of your home or are interested in buying a home; please feel free to contact me at 901-756-8900 or you can email me at Melissa@YourKeytoMemphis.com. Be sure to visit www.YourKeytoMemphis.com for all of your real estate needs.
We love assisting clients relocating to the Memphis area! We were honored to serve the Till’s in their quest to find their perfect home and help them learn about the Memphis area. It did not take them long to make friends and settle into their new home. As a thank you for being such amazing clients, we hosted a housewarming party for them Friday, May 3 2013. Everyone had a wonderful time and it was great seeing Clint, Wendy and the boys all settled into their new house. Click Here to see photos from the party.
The sunshine just calls to you to come out and work on your home, so I thought you would love this great article on Spring Home Maintenance Tips.
You’ve been inside all winter and your home has experienced it’s fair share of the weather. So look at this article by Barbara Ballinger on the items you should take a look at and how this can lower your maintenance costs and raise the value of your home.
Click here and contact me at firstname.lastname@example.org if you need names and numbers of supplies that can help you with this job.
Click Here to view our most recent Memphis Real Estate Market Report for March 2013.
1,126 homes sales were recorded for March; down 11% from March 2012. The reason for this is the decline in inventory. Average sales prices were up 14% from last March to $132,383. First quarter of this year had a total of 3,382 total home sales; 6% above the same time last year. Year-to-date average sales prices were up 11% from the first quarter of 2012. Looking at the 2012 and 2013 first quarters, this is the most home sales and highest average sales prices we have seen for the first quarter totals since 2008. 20 out of 33 zip codes in the county had an increase in average sales prices. Home sales over $300,000 were up 14% in March with 106 closed compared to 93 last March. Personally, we had 15 contracts on our listings during the month of March, so very busy and we are looking for new listings. If you are interested in selling your home or would like a free market analysis of 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.
First off, a lot of the property reappraisal’s have already arrived in your mailbox and if you have not received yours yet, click on this link and it will show you the breakdown for the tax assessor’s mailing schedule. So don’t worry it’s headed your way:)
Just a couple of things I want to address, first off don’t PANIC if it comes in lower then it should be and you are thinking, ”I want to put my home on the market in the next few weeks and now this.” As Real Estate Agents we don’t pay attention to the tax assessment. We realize the Tax Assessor’s office has a lot of property to look at and they don’t typically have the square footage correct or the number of bedrooms and baths. But that is really ok, when you put your home on the market we’ll go over with you the details so we can make sure we are comparing apples to apples. And the appraiser doesn’t even look at the tax assessment either. If it’s “too” low then that just means you aren’t paying as much in property taxes.
NOW.. on the other hand if you are in my situation, I appealed my personal home last year and it was finally lowered in the fall. Now just 6 months later it’s back up again. So, I will go to this site and fill out their online review form and make my appeal.
The main reason to appeal is to have it reduced, and you would decide this by the dollar amount the tax assessor has for the value of your property. If You KNOW you can NOT sell it for that, then you should appeal.
If you are not sure what the true value of your home would be, I would be glad to send you a FREE market analysis so you have some true numbers. Feel free to contact me at email@example.com.
It’s officially Spring and you may be thinking about doing things to improve your home in order to sell or even to stay. I found this infographic that I thought would share with you. It states the top 10 Remodeling Projects as follows:
Garage Door Replacement
Siding Replacement (vinyl)
Window Replacement (wood)
Window Replacement (vinyl)
Major Kitchen Remodel
Minor Kitchen Remodel
Entry Door Replacement (steel)
Deck Addition (wood)
And Basement Remodel (which as you know we don’t have very many in Memphis)
Interesting enough Entry Door Replacement and Garage Door Replacement have a very high return on investment. Especially for the cost to replace. And if you are thinking about putting your home on the market those are a couple of easy things to do and not very costly that are great “first” impressions for your buyer.
If you need any contractors to help you with any of this please feel free to contact me, Melissa Thompson at firstname.lastname@example.org.
Click Here to view our most recent Memphis Real Estate Market Report for February 2013.
February home sales slipped a little compared to this time last year, but the average sales price was up considerably. 920 home sales were recorded for the month, down 7% from 994 in 2012. Average home sales prices were up 18% from last year and 1% from January 2013 to $115,764. Year-to-date home sales are up 18% and the average sales price up 11% from this time last year. 20 out of 33 zip codes in Shelby County had an increase in average sales price. Call me if you want to know if your zip code is one of them. 60% of all home sales were valued under $100,000. Home sales over $300,000 were up 16% with 58 closed for the month, as opposed to 49 last February. New home sales were up 7% in February with 44 sales recorded compared to 41% last year – Collierville, Arlington, and Cordova recorded most new home sales. If you would like a free market analysis of your 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.