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Expert Tips for Home Buyers & Sellers

Our mission at The Melissa Thompson Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

20 Tips for Preparing Your House for Sale This Fall

Some Highlights:

  • When listing your house for sale, your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Let the professionals on The Melissa Thompson Team get your home SOLD this Fall!  Contact them today at 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Buying a Home? Do You Know the Lingo?

Some Highlights:

  • Buying a home can be intimidating if you are not familiar with the terms used during the process.
  • To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
  • The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’

Let the professionals on The Melissa Thompson Team assist you with all your Real Estate needs!  901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Buying a Home is Cheaper than Renting in 38 States!

Some Highlights:

  • According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country.
  • In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual family.
  • Nationwide, it is now 26.3% cheaper to buy.

Contact the expert's on The Melissa Thompson Team for all your Real Estate needs!  901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Should I Buy Now? Or Wait Until Next Year?

Some Highlights:

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019.
  • CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

Contact the expert's on The Melissa Thompson Team to find out if you able to buy your dream home!  901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

4 Reasons to Sell This Fall

Some Highlights:

  • Housing inventory is still under the 6-month supply that is needed for a normal housing market.
  • Buyers are often competing with one another for the listings that are available.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.

Contact expert's on The Melissa Thompson Team to find out how much your home is worth$$$ 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Is Buying a Home Really More Stressful Than Planning a Wedding?

Some Highlights:

  • According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding.
  • Many young couples are saving for a wedding and a home at the same time.
  • The average US wedding now costs 66% of a median home down payment, according to The Knot.

Contact expert's on The Melissa Thompson Team to find the home of your dreams today! 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Home Prices Up 6.49% Across the Country!

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

Contact expert's on The Melissa Thompson Team for all your Real Estate needs! 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

A+ Reasons to Hire a Real Estate Pro

Some Highlights:
  • Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make!
  • A real estate professional has the experience needed to help you through the entire process.
  • Make sure that you hire someone who knows current market conditions and can simply and effectively explain them to you and your family!

Contact expert's on The Melissa Thompson Team for all your Real Estate needs! 901-729-9526 or Melissa@YourKeytoMemphis.com 


By: KCM Crew

What State Gives You the Most ‘Bang for Your Buck’?

Some Highlights:

  • The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.
  • The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.74 worth of goods for $100.
  • For more information regarding the methodology used to create this map, visit the Tax Foundation.

Let's get together to discuss your options in today's market! Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

The Cost of Waiting: Interest Rates Edition

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!

Let's get together to discuss your options in today's market! Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Existing Home Sales Cooling Off This Summer

Some Highlights:

  • According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
  • Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.
  • NAR’s Chief Economist Lawrence Yun had this to say: “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining. The root cause is without a doubt the severe housing shortage that is not releasing its grip on the nation’s housing market.”

Let's get together to discuss your options in today's market! Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com 


By: KCM Crew

Home Buying Myths Slayed

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!

Let's get together and find your new home! Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com 

By: KCM Crew

Americans Rank Real Estate Best Investment for 5 Years Running!

Some Highlights:

  • Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
  • The generations agree! Real estate is the best investment!
  • Generation X leads the way with 37% believing in real estate as the top investment.

Let's get together and find your new home! Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com

By: KCM Crew

What You Need to Know About the Mortgage Process

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

Let's get together and find your new home! Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com

By: KCM Crew

Want to Sell Your House Faster? Don’t Forget to Stage!

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.


Want to know how much your home is worth? Contact The Melissa Thompson Team today! 901-729-9526 or Melissa@YourKeytoMemphis.com

By: KCM Crew