Selling Your House in 2015? Don’t Miss this Opportunity

Selling Your House in 2015? Don’t Miss this Opportunity | Keeping Current Matters

Every seller wants to get the best price for their house. We learned in high school that the best price for any item will be determined by the demand for that item relative to the supply of that item.

We have reported that the inventory of houses for sale is well below normal numbers.

There is historical evidence that the demand for housing is about to increase dramatically. Each year, more homes sell in May, June, July and August than any other four months of the year. Here is a graph of home sales last year by month:

2014 Home Sales | Keeping Current Matters

Bottom Line

You want to make sure your house is available for sale during peak selling season. If you are thinking of selling this year, contact a local real estate professional today.

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101 Things To Do In Memphis #58: Seize the Clay

siezetheclayPottery fun for the whole family! Seize the Clay is a creative studio specializing in painting pottery, mosaics, silver clay jewelry, glass fusion and more! With the largest selection of pottery and paint colors in the mid-south they are sure to have something for everyone.

The studio is the perfect place for you, your family and your friends to relax and get creative together. Choose from over 200 unique ceramic pieces and more than 100 paint colors and get your creative juices flowing! If painting is not your thing they also have Glass Fusing Workshops, a full Mosaic center and The Mad Potter, a create your own pottery studio.

Looking for a fun and unique option for your next event? Be sure to check out their parties and events information page. You’ll be sure to impress your guests throwing the best birthday parties, field trips and on location painting, wine and cheese night and much more. Seize the Clay also offer a wide variety of classes for all different age groups. Classes are an excellent way to perfect your artistic skills.

At Seize the Clay there are always lots of things to see, make and do!  Visit them at 3084 Poplar Ave., Memphis in Chickasaw Oaks Village, the website or call 901.323.2991 for additional information. Let’s Paint!

by: seizetheclay.net

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Lakeland TN Home For Sale: 9491 William Little Drive, Lakeland TN 38002

Lakeland TN Home For Sale
9491 William Little Drive, Lakeland TN  38002

Welcome home to 9491 William Little Drive, a lovingly maintained traditional home with the ultimate flowing floor plan allowing for both relaxed and formal entertaining. Hardwood floors, tinted windows, plantation shutters, neutral colors, new AC, vaulted ceilings, two story foyer, built ins, security system, two car garage and a roof just 3 years young are just a few of the perks waiting for your enjoyment. A captivating two story great room flaunts a cozy gas fireplace, built in shelves, a loft overlook and is illuminated by tons of natural light through the wall of windows. Cooking will be a delight in the spacious kitchen with cabinet and counter space galore, a full appliance package, built in desk, pantry, and hardwood floors. Family and friends can perch at the breakfast bar or relax in the dining area. Formal dinners can be enjoyed in the lovely dining room with crown and chair railing moldings. Fantastic office on the main level with French doors makes working from home a breeze. Rest easy in your main level master retreat with vaulted ceilings, sitting area, walk in closet and luxury bath featuring whirlpool tub, separate shower and dual vanity. The three second floor bedrooms are generously sized and share a hall bath. Huge bonus room offers fantastic flex space with high ceilings. The large laundry room will help you keep things organized with plenty of cabinetry. Situated on a large, level 0.63 acre lot backing to mature trees, the backyard offers a wonderful patio with plenty of space to entertain, grill out or just relax in the sun, plus a large storage shed for all your toys and tools. A real show stopper! Do not hesitate, this gorgeous home won’t last!

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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Bartlett TN Home For Sale: 3494 Wolf Shadow Lane, Bartlett TN 38133

Bartlett TN Home For Sale
3494 Wolf Shadow Lane, Bartlett TN 38133

Welcome home to 3494 Wolf Shadow Lane, a beautiful brick traditional home with an open and airy floor plan perfect for entertaining! Guests will admire the many quality features including gleaming wood floors, durable tile floors, new roof, split bedroom plan, soaring ceilings, crown molding, columns, huge bonus room, professional landscaping, and a two car garage! Illuminated by tons of natural lighting this open floor plan includes a spacious great room, lovely formal dining room and a fabulous kitchen. Cooking will be a sheer delight in this designer kitchen with gorgeous granite counters, stainless steel appliances, island, an abundance of cabinetry, and cozy breakfast nook. Host the finest dinner parties in the formal dining room before retreating to the great room with cozy gas log fireplace and tv niche. Relax in the main level master suite where a soothing bedroom and pampering bathroom are sure to impress including vaulted ceilings, walk in closet, whirlpool tub, separate shower and double sinks. Three additional main level bedrooms provide privacy for all featuring plush carpeting and closets. An upper level bonus room offers a cheerful place to work, rest, play and entertain. Engage guests or just relax at days end on the delightful covered patio with ceiling fans and speakers overlooking the fenced backyard with storage shed and fire pit. If you are looking for a home with a sense of grandeur while still feeling cozy and livable, look no further! Do not miss out on this incredible 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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Under Contract Mistakes | Changing Fixtures In Your House

light-fixture-replacement-620x581So, you’ve accepted an offer on your house and are preparing for the big move to your new place.

“Hey honey, wouldn’t that chandelier in the dining room go perfectly in our new house?”

“It would! Let’s take it with us when we go.”

 

STOP
If there are permanently attached items in your home that you don’t plan to include in the sale, that needs to be negotiated and agreed upon between you and buyer when an offer is made. Otherwise, the standard Tennessee Purchase Agreement states that they are included in the price of the house.

Believe me, it’s not a party until the buyer gets to the final walk through to find out that the crystal chandelier has been replaced with a home improvement store light fixture.

What if you really want to take something?

We recommend that our clients give us a list of things that will not convey at the act of sale. Draperies, curtain rods, appliances, and yes, light fixtures, have all been held back by sellers. BUT, when we hear that fixtures will not be sold with the house, our advice is to go ahead and replace them prior to the first showing.

Why make a little item the focus of your negotiations? Or allow it to put a roadblock between you and the buyer when it’s time to close?

By: Lisa Heindel 

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Lakeland TN Home For Sale: 4276 Chalmette Drive, Lakeland TN 38002

Lakeland TN Home For Sale
4276 Chalmette Drive, Lakeland TN  38002

Located in the highly sought after gated Cool Springs Subdivision this beautiful French Country home was built for entertaining and family enjoyment! Marvel at the impeccable curb appeal of the graciously manicured lawn adorning the seamlessly crafted brick and stone façade. Many upgrades and desirable features including hardwood floors throughout main level, stunning granite, extensive crown molding, split bedroom plan, vaulted ceilings, security system and 3 car garage are just the start! Characterized by a keen sense of style and comfort the 2 story great room offers an elegant fireplace, built-in bookshelves and iron balcony above. A stunning designer kitchen with gorgeous cabinets, lustrous granite counters, breakfast area and stainless steel appliances including double ovens and six burner gas range imagine all the delicious meals you can create. Relax in complete splendor by the warm fireplace in the connecting hearth room with soaring ceilings or host dinner parties in the formal dining room. Retreat to your main floor master suite with a tray ceiling, walk in closet and spa inspired bathroom offering walk through shower, whirlpool tub plus his and her vanities. The main floor also features a superb guest suite with connecting bath. Ascend to the second floor offering sufficient space for todays families with two additional bedrooms, a shared bath, bonus room, media room and exercise room/office. Heading outdoors, take pleasure in the private backyard paradise with covered patio, lush landscaping, stone walls and a wood fence. With all these upgrades, custom touches and incredible living areas, this majestic home will not last long! This is the home you have been waiting for!

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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Eads TN Home For Sale: 890 Whitehall Court, Eads TN 38028

Eads TN Home For Sale
890 Whitehall Court, Eads TN 38028

Nestled on a gorgeous 3+ acre lot in the upscale Windsor Park subdivision, this desirable residence with an unmatched sense of style and elegance is just waiting for you to arrive. Find yourself surrounded by distinctive architecture, design and many desirable features including gleaming hardwood floors, granite galore, designer light fixtures, wood beamed ceilings, wet bar, split bedroom plan, cedar lined closets, security system, and 3 car garage…just to name a few! Step in to the impressive two story foyer illuminated by a chandelier opening to the gorgeous formal dining room that is sure to please the most distinguished guests. Toast your toes by the cozy fireplace in the great room with built in bookcases. Style and utility are masterfully fused together in the gourmet kitchen with a full stainless steel appliances package, granite countertops including island and bar, an abundance of cabinetry and a quiet breakfast nook. Retreat to the vaulted hearth room, sure to be a favorite gathering space for family and friends, with floor to ceiling stone fireplace, concrete floors and patio access. A luxurious main level master suite provides a soothing oasis of special conveniences and comforts at days end including a sitting area, huge walk in closet and spa bath with his and her vanities, whirlpool tub, and separate shower. The perfect guest suite exists in the first floor bedroom with connecting bath. Three additional bedrooms on the second level, all connecting to bathrooms, offer ample space for a growing family. Everyone will take pleasure in the media room, a thriving place to entertain with all the amenities to accommodate guests of any age including a granite wet bar and surround sound. Outdoor entertaining will be a delight in the professionally landscaped, fenced backyard with covered patio. An unmistakable sense of sophistication matched by a wealth of comfort and pleasant living. There is something for everyone in this extraordinary 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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101 Things To Do In Memphis #57: Germantown Commissary

#57 Germantown CommissaryOnce a country store peddling everything from blue jeans to bologna, Germantown Commissary now offers some of the best barbecue around in the tiny building it calls home. The Germantown Commissary looks pretty much like you would expect any commissary to look like: old wooden chairs on the front porch, train tracks nearby, and creaky wooden floors as you open the door.

The commissary cooks the old-time, Memphis-style BBQ way that locals have been enjoying for over 25 years. Besides favorites like the pulled pork and ribs, they prepare many pies and cakes, Brunswick stew, hot tamales, shrimp, and deviled eggs.

The Commissary also has a full or self-service catering menu that is sure to please your guests! All BBQ catering includes meat, beans and slow.  Memphis BBQ catering is the best way to please the party! Sit back and enjoy your next event and leave the work to the Commissary!

It’s also easy to enjoy the taste and spirit of Memphis BBQ wherever you are with their delivery service. Tell them what you want and they’ll pack it in dry ice and FedEx it to you lickety-split. Don’t forget to include some of your favorite sauces, rubs, t-shirts and aprons!

Visit their website or call 901.754.5540 for additional information! Nothing says Memphis cuisine like some good BBQ!

By and photo credit: commissarybbq.com

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Happy Easter!

easter_1

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Selling Your House? Price it Right Up Front

Selling Your House? Price it Right Up Front | Keeping Current Matters

In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize that telling the homeowner the truth is more important than getting the seller to like them.

There is no “later.”

Sellers sometimes think, “If the home doesn’t sell for this price, I can always lower it later.” However, research proves that homes that experience a listing price reduction sit on the market longer, ultimately selling for less than similar homes.

John Knight, recipient of the University Distinguished Faculty Award from the Eberhardt School of Business at the University of the Pacific, actually did research on the cost (in both time and money) to a seller who priced high at the beginning and then lowered the their price. In his article, Listing Price, Time on Market and Ultimate Selling Pricepublished in Real Estate Economics revealed:

“Homes that underwent a price revision sold for less, and the greater the revision, the lower the selling price. Also, the longer the home remains on the market, the lower its ultimate selling price.”

Additionally, the “I’ll lower the price later” approach can paint a negative image in buyers’ minds. Each time a price reduction occurs, buyers can naturally think, “Something must be wrong with that house.” Then when a buyer does make an offer, they low-ball the price because they see the seller as “highly motivated.” Pricing it right from the start eliminates these challenges.

Don’t build “negotiation room” into the price.

Many sellers say that they want to price their home high in order to have “negotiation room.” But, what this actually does is lower the number of potential buyers that see the house. And we know that limiting demand like this will negatively impact the sales price of the house.

Not sure about this? Think of it this way: when a buyer is looking for a home online (as they are doing more and more often), they put in their desired price range. If your seller is looking to sell their house for $400,000, but lists it at $425,000 to build in “negotiation room,” any potential buyers that search in the $350k-$400k range won’t even know your listing is available, let alone come see it!

A better strategy would be to price it properly from the beginning and bring in multiple offers. This forces these buyers to compete against each other for the “right” to purchase your house.

Look at it this way: if you only receive one offer, you are set up in an adversarial position against the prospective buyer. If, however, you have multiple offers, you have two or more buyers fighting to please you. Which will result in a better selling situation?

The Price is Right

Great pricing comes down to truly understanding the real estate dynamics in your neighborhood. Look for an agent that will take the time to simply and effectively explain what is happening in the housing market and how it applies to your home. You need an agent that will tell you what you need to know rather than what you want to hear. This will put you in the best possible position.

 

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