You’re Invited! Two Open Houses this Sunday, July 24th 3-5 p.m.

Open house flyer

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Baby Boomers Are On the Move

Baby Boomers Are On the Move | Keeping Current Matters

According to a Merrill Lynch study“an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement.

As one participant in the study stated:

“In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There hasn’t been another time in life when we’ve had that kind of freedom.”

The top reason to relocate cited was “wanting to be closer to family” at 29%, a close second was “wanting to reduce home expenses” at 26%.

A recent Freddie Mac study found similar results, as “nearly 20 percent of Boomers said they would move closer to their grandchildren/children compared to 13 percent who said they would move to a warmer climate.”

Not Every Baby Boomer Downsizes

There is a common misconception that as retirees find themselves with fewer children at home, they will instantly desire a smaller home to maintain. While that may be the case for half of those surveyed, the study found that three in ten decide to actually upsize to a larger home.

Some choose to buy a home in a desirable destination with extra space for large family vacations, reunions, extended visits, or to allow other family members to move in with them. According to Merrill Lynch:

“Retirees often find their homes become places for family to come together and reconnect, particularly during holidays or summer vacations.”

Bottom Line

If your housing needs have changed or are about to change, meet with a local real estate professional in your area who can help with deciding your next step.

 

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101 Things To Do In Memphis #23: Lichterman Nature Center

#23 Lichterman_Nature_Center_MemphisA certified arboretum, and a nature center, Lichterman Nature Center offers many outdoor and indoor exhibits, activities, and events. The Lichterman Nature Center is one of the facilities within the Pink Palace Family of Museums featuring exhilarating new exhibits, beautiful gardens featuring native wildflowers and trees, and a tradition of excellence in environmental education set in the heart of 65 acres of lake, meadow, and forest.

Located in metropolitan Memphis, the Lichterman Nature Center promotes a sense of stewardship for the earth by increasing the visitor’s appreciation and interpretation of the natural world through environmental education and understanding of native wildlife. The nature center places an emphasis on nature related education, including hands-on explorations, microscopic discoveries, a forest boardwalk three stories high, and an underwater viewing area. Enjoy a three mile walk on the nature path which is home to a wide variety of plants, birds, reptiles, amphibians and mammals! Visitors can also partake in wildlife programs, plant sales, festivals and many other entertaining activities designed to expose and build connections between the participants and the natural world.

Looking to plan an event? This is the perfect venue for birthday parties, weddings and receptions!

Don’t miss the upcoming Scarecrow Building Seminar! You are invited to exercise your artistic and environmental vision to create a Scarecrow for Lichterman Nature Center’s annual Scarecrow Contest. How do you start? Come to our FREE Scarecrow Building Seminar Saturday, August 15, 10am! Being a part of this fun event is easy: we provide the framework for the Scarecrow and you provide the creativity.

For more information, visit the website, email nature.reservations@memphistn.gov or call 901.636.2211.

Admission
Members – FREE
Adult – $7.00
Senior – $6.00
Child (age 3-12) – $5.00
Children under 3 – FREE

Admission to Lichterman Nature Center is free to public Tuesdays from 1:00 until closing.

By and photo credit: memphismuseums.org/lichterman-nature-center/

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Memphis Real Estate Market Report – June 2016

June was down overall in the Memphis market, but as for our team we were up. My team has closed 71 homes this year. The market had 1688 sales recorded compared to 1784 sales recorded in 2015. Average home sales prices were up 9% from last year. Year-to-date home sales are up 9% and home sale revenue is up 10% from the same period in 2015. 14 out of 33 zip codes had an increase in overall sales activity for the month and 27 zip codes saw an increase in average sales prices. Home sales over $500,000 were down 3% from last year with 61 recorded for the month. Home sales over 1 million are up 400% from June 2015. In fact, we had one in Central Gardens we closed.

Look in the chart below to see where your home falls.

Municipality No. of Sales 

  Average  Prices

Arlington

56%

0%

Bartlett

0%

5%

Collierville

-14%

4%

Germantown

10%

12%

Lakeland

5%

5%

Memphis

-10%

10%

Millington

38%

14%

Unincorporated

1%

13%

 

Please contact The Melissa Thompson, Your Key to Memphis Team with Crye-Leike for all of your Real Estate needs – 901-729-9526 or melissa@yourkeytomemphis.com.

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School Supplies Drives & Tax-Free Weekend

We interrupt your summer break for a little school talk. Sorry!

Tennessee’s sales tax holiday weekend is happening Friday, July 29 through Sunday, July 31. During this weekend clothing $100 or less, school supplies $100 or less and computers $1,500 or less are all tax free. If you can purchase school supplies through your school I highly recommend you do this as it’s so much easier and cheaper, too!

Back to school means back to work for school-aged kids!

Back to school means back to work for school-aged kids!

If you’re looking to help out some local needy kids with much needed school supplies there are several ways you can help!

Fox13 Memphis
Benefiting Communities in Schools Tennessee (CISTN) at Memphis, a drop-out prevention program. through July 30 Donate directly to Communities in Schools, Memphis via PayPal here most needed items

Locations:

  • FOX13 studios at 485 S. Highland
  • Saturday, July 9th: all Knowledge Tree locations including 5000 Summer Ave, 8195 Dexter Road & 2085 Exeter Road (Germantown)
  • Wednesday, July 13: Fox 13 at Poplar Plaza
  • Wednesday, July 27: Jack Pirtle’s Chicken at 3571 Lamar Ave or 2520 Mt Moriah Ave

Purchase supplies online here

Kroger & United Way
Saturday, July 16 and Sunday, 17
supplies needed

Locations:

  • Poplar / Highland | 3444 Plaza Avenue
  • Poplar & Kirby | 6660 Poplar Avenue (Germantown)
  • Riverdale & Shelby | 4770 Riverdale
  • Frayser | 2632 Frayser Blvd.
  • Whitehaven | 1212 E. Shelby Drive

​​By and photo credits: eastmemphismoms.com

​​

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Would You Qualify for a Mortgage Now?

Would You Qualify for a Mortgage Now? | Keeping Current Matters

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true.

Below is a graph of the distribution of FICO scores of approved loans in May (the latest available data):

Would You Qualify for a Mortgage Now? | Keeping Current Matters

Looking at the chart above, it becomes obvious that not only do you not need a 750+ credit score, but 54.9% of approved loans actually had a score between 600 and 749.

More and more experts are speaking up about the fact that if potential buyers realized they could be approved for a mortgage with a credit score at, or above, 600, the distribution in the chart above would shift further to the left.

Ellie Mae’s Vice President, Jonas Moe encouraged buyers to know their options before assuming that they do not qualify for a mortgage: 

“The high median credit score is due to many millennials believing they won’t qualify with the score they have – and are therefore waiting to apply for a mortgage until they have the score they think they need.” (emphasis added)

CoreLogic’s latest MarketPulse Report agrees that the median FICO score does not always tell the whole story:

“The observed decline in originations could be a result of potential applicants being either too cautious or discouraged from applying, more so than tight underwriting as the culprit in lower mortgage activity.”

It’s not just millennials who believe high credit scores and large down payments are needed. Many current homeowners are delaying moving on to a home that better fits their current needs due to a belief that they would not qualify for a mortgage today.

So what does this all mean?

Moe put it this way:

“Many potential home buyers are ‘disqualifying’ themselves. You don’t need a 750 FICO Score and a 20% down payment to buy.”

Bottom Line

If you are one of the many Americans who has always thought homeownership was out of their reach, meet with a local real estate professional who can help you start the process of being pre-qualified to see if you are able to buy now!

by

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1344 Charles Bryan Road


Welcome home to 1334 Charles Bryan Road, a beautiful remodeled 3 bedroom home situated on 0.73Acres! The entire interior is Brand New! New roof, new electrical system, new plumbing system, recessed lighting throughout, smooth ceilings, fresh paint, updated fixtures, and more! The wonderful kitchen offers pristine white cabinets & a full complement of new stainless steel appliances. The spacious Great Room & lovely Dining Room boast gleaming hardwood floors. The 2 baths are completely updated with custom touches. This home also offers a Laundry Room with cabinets and includes a Mobile Home on a permanent foundation with 3 bedrooms and 2 baths! Don’t miss out on this opportunity!

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.

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8520 Mysen Cove


Welcome home to 8520 Mysen Cove, a fantastic move-in ready 4 bedroom home located in the Walnut Grove Lake subdivision in Cordova. Quality features include fresh neutral paint throughout, new plush carpeting, separate Dining Room, quiet cove lot, and so much more! The spacious Great Room offers a cozy fireplace perfect for cool nights. The eat-in kitchen features pristine white cabinets and a full complement of appliances. The formal Living Room is filled with lots of natural light and boasts elegant dental molding. A delightful enclosed balcony/sunroom offers space to enjoy the park-like setting of this home. The patio is perfect for cookouts and parties! Don’t miss out on this listing!

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.

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101 Things To Do In Memphis #22: Flight Restaurant and Wine Bar

#22 Flight RestaurantFlight is not just a restaurant, it’s an experience! The unique concept of ordering a “flight”, a small-plate of samplers served with taster-size pours of wine pairings, makes Flight Restaurant and Wine Bar one of the most interesting restaurants in the area.

Flight Restaurant and Wine Bar is a full-service, fine dining restaurant offering multiple food and wine varieties for guests to enjoy in a single dining experience. The dishes featured are enjoyed in flights of three: Entrees, salads, appetizers, wine, desserts and cocktails are served in tasting portion sizes to allow diners a unique experience and luxury of savoring a wide-range of flavors in one meal. For example, you might select the “Salad Flight.” The server will bring you a special plate divided into three sections, each offering a different type of salad.

The service style of the restaurant is the finest, featuring a knowledgeable wait staff from which guests can gain valuable insight to enhance their dining experience. Flight offers several distinct dining options: On the main floor, there is the hustle and bustle of friends gathering together. The bar is a welcoming place and on the balcony level, the booths and small tables, some overlooking Main Street, offer more privacy and an opportunity for romance.

Flight Restaurant, located in the heart of downtown Memphis, is the perfect setting for your birthday celebration, anniversary party, corporate function, or rehearsal dinner party. Visit the website or call 901.521.8005 for reservations and further details.

By and photo credit: flightmemphis.com 

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83 Hawk Glade Cove – Magnificent 4 Bedroom Home with Amenities Galore!


Welcome home to 83 Hawk Glade Cove, an amazing home that you will have to see to believe! Built for entertaining, this spacious home offers an open floor plan with impressive formal rooms plus comfortable everyday living spaces. Quality features include a 2-story foyer with marble floors, 2 fireplaces, neutral colors, gleaming hardwood floors, crown molding, 4 bedrooms plus a bonus room, smooth ceilings, tons of built-ins, updated fixtures, and so much more! Enjoy comfortable everyday living in the captivating great room flaunting a gorgeous chandelier, TV niche, built-in bookshelves with cabinets and a cozy gas log fireplace, perfect for those cold winter nights. Cooking will be a delight in this incredible eat-in kitchen with cabinet and counter space galore, granite, breakfast bar, pantry, and a full complement of stainless steel appliances including double ovens, microwave, dishwasher, double sinks and JennAire cook-top. In addition, this kitchen offers a sunny breakfast area. Work from home in this wonderful private study featuring double French doors, designer faux finished walls, and custom built-in bookshelves with cabinets. Host the finest dinner parties in the romantic dining room embellished with a dazzling chandelier. You will rest easy in your downstairs master retreat with walk-in closet, sitting area and a romantic fireplace. The spa-inspired luxury master bathroom boasts double sinks, durable tile floor, relaxing whirlpool tub and a divine walk-in shower with tile surround. This home offers one additional bedroom downstairs and two more bedrooms upstairs. Upstairs you will find a fabulous bonus room offering a great space for relaxing and entertaining. Relax outside in the professionally landscaped backyard with a nice patio, perfect for cookouts and parties! This amazing home also offers a 3 car garage, attic, and a laundry room with built-ins and utility sink. Do not miss out on this magnificent 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.

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