5 Reasons You Should Sell Your Home Now

Posted on June 17, 2013 by Melissa Thompson

five fingersI found this great blog article from KCM and they give 5 reasons you should sell your home now.

If you have noticed in your neighborhood how things have changed from a couple of years ago, you are noticing a lot of movement and not a lot of inventory.

1. Demand is extremely high..homes are selling at a very fast pace compared to years past.  In fact the National Association of Realtors showed the monthly increase of 9.7% over the same month last year.  And for 22 consecutive months the total sales have been above year-ago levels.

2.  Supply is starting to increase.. Many expect for this to increase as sellers escape negative equity that we have seen in the past.  Selling now while demand is high and before supply increases will help you obtain your best price.  I would be happy to tell you the absorption rate for your area, just contact me at melissa@yourkeytomemphis.com.

3.  New Construction is Coming back.. over the past several years, you didn’t have to compete with new construction if you were a home owner on the market, because there was none going on.. But now more builder’s are jumping  back in and these “shiny” new homes will again be competition.  For example, Spring Creek Ranch, in Collierville reserve, developed by Gary Thompson with Boyle, they have had lot drawings again for their lots and have them all under contract.  And this is just one example.

4.  Interest Rates are Rising.. Interest rates have jumped over 1/2% since the beginning of this year. Whether you are moving up or down your housing expense will be more a year from now if a mortgage is necessary for your purchase.

5.  It’s Time To Move On With Your Life.. how many have set back waiting for the market to recover?  Now is the time to look at the reason you are thinking about selling and decide whether it’s worth waiting.  You have more power over the situation than before to move on…

I would be glad to help answer any questions you may have about the process or the market. Contact me anytime at melissa@yourkeytomemphis.com

Click here to read the full blog article.

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Notice the comparison of what a home buyer will pay in 12 months if you wait.

Posted on May 31, 2013 by Melissa Thompson

MortgageAs you have noticed over the past couple of weeks, the interest rates keep working their way up so I thought I would share a comparison of what you will pay in the next 12 months if you wait. In fact the Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected the increase in interest rate.  The chart assumes the 30 year mortgage rates go from 3.5% to 4%.

Look at the difference in monthly payments.  Now’s the time, don’t wait any longer. Call Melissa Thompson at 901-230-2610 or email melissa@yourkeytomemphis.com

Click on this link to look at the numbers and how that can make a difference for you.

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#gogrizz #BelieveMemphis

Posted on May 17, 2013 by Melissa Thompson

2013-04-29 21.01.18Well 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 and enjoy!!

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Memphis Real Estate Market Report – April 2013

Posted on May 16, 2013 by Melissa Thompson

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.

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Housewarming Party for the Till’s – Welcome Home!

Posted on May 9, 2013 by Melissa Thompson

522673_10151329912925240_41825268_n[1]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.

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Spring Home Maintenance Tips

Posted on April 22, 2013 by Melissa Thompson

home maintenanceThe 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 melissa@yourkeytomemphis.com if you need names and numbers of supplies that can help you with this job.

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Memphis Real Estate Market Report – March 2013

Posted on April 16, 2013 by Melissa Thompson

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.

 

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Decluttering is NOT a choice..

Posted on April 10, 2013 by Melissa Thompson
Declutter is NOT an option

Declutter is NOT an option

Would you stay in this bathroom or turn around and walk away..

Huge turnoff for a buyer- Don’t think decluttering is not worth your time- it’s worth every single minute!!

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2013 Latest Property Tax Reappraisal’s for Shelby County

Posted on April 5, 2013 by Melissa Thompson

AppraisalFirst 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 melissa@yourkeytomemphis.com.

 

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How Much Money Do I need Up Front to Buy a Home?

Posted on April 4, 2013 by Melissa Thompson

So you are buying your first home and you want to know how much money do I need up front?  That is a great question and one I’m asked rather often.

This video blog list all of your cost that you should expect to pay from the earnest money, to the inspections and loan request.

So if you are ready for a life style change and keys to your new home, contact me at melissa@yourkeytomemphis.com

 

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