Great Location in Bartlett.

3 bedrooms, 2.5 baths.

Living Room, Dining Area, Kitchen, Master Bedroom with private bathroom.

Patio

Central Air/Heat

Stove, Refrigerator, and dishwasher.

Community pool, clubhouse and tennis court.

Parking (2 spaces)

1 year lease

$950.00  SPECIAL $895.00/month

901-283-2899

WOW !! Wonderful two bedroom home in Midtown Memphis. It sets at the end of a street. Enjoy the gas fireplace in the living room, which opens to the dining room. There are french doors that lead to the outdoor patio from the dining room. The kitchen has been updated and opens to the step down den. Great built-ins are on one wall of the den. The den also features french doors to the outdoor area. Large fenced yard with two patio areas.

Great East Memphis Location ! Three bedroom, 2 full bath home in Colonial Acres. Open floor plan. Updated kitchen. Kitchen opens to the dining room and the breakfast room. Conveniently located laundry closet. Large fenced yard with patio. Large living room. Tons of cabinets and counter space in kitchen. Covered carport parking.

Great starter home. 3 bedrooms or 2 bedrooms with a dining room. Large lot. Covered carport parking. This home has just been freshly painted for your buyers. Also, the gorgeous hardwood floors were just refinished. Fenced yard with a storage room that has electricity. Koi pond in front yard. Brick planters. Seller will help with buyers closing costs.

Your clients will love this home. It has a ton of midtown charm, located just a few blocks from Midtown Memphis. It has three bedroom, 2 full baths. There is a fabo master bath with a walk in closet. The flooring in the bathroom is recyled brick! your clients will enjoy the open floor plan-perfect for entertaining. And dont let me forget, the DECK !

NEW LISTING! ! ! ! *Three Bedrooms *2.5 Baths *Three Car Garage (breezeway to freestanding garage) *Fenced Yard *Large Lot *Upstairs Bonus Room *Located in a cove *Tastefully decorated *Breakfast area *Breakfast Bar in Kitchen *Tons of cabinets in kitchen $179,900 Motivated Seller, Quick Possession more details and photos on website : www.GregSellsMemphis.com

What did you think of the debate tonight ?? Leave your comments, lets begin some discussions. Friendly conversation only.

For example........

Do you think either presidential candidate can bail us out of this mess?

Do you think the bail out will help the real estate market?

Do you think they are giving too much attention to Sarah Palin ?

Seven Selling Mistakes You Don't Want to Make!

Mistake #1 -- Pricing Your Property Too High
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.

Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your Realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.

Mistake #3 -- Forgetting to "Showcase Your Home"
In spite of how frequently this mistake is addressed and how simple it is to avoid, its prevalence is still widespread. When attempting to sell your home to prospective buyers, do not forget to make your home look as pleasant as possible. Make necessary repairs. Clean. Make sure everything functions and looks presentable. A poorly kept home in need of repairs will surely lower the selling price of your property and will even turn away some buyers.

Mistake #4 -- Trying to "Hard Sell" While Showing
Buying a house is always an emotional and difficult decision. As a result, you should try to allow prospective buyers to comfortably examine your property. Don't try haggling or forcefully selling. Instead, be friendly and hospitable. A good idea would be to point out any subtle amenities and be receptive to questions.

Mistake #5 -- Trying to Sell to "Looky-Loos"
A prospective buyer who shows interest because of a "for sale" sign he saw may not really be interested in your property. Often buyers who do not come through a Realtor are a good 6-9 months away from buying, and they are more interested in seeing what is out there than in actually making a purchase. They may still have to sell their house, or may not be able to afford a house yet. They may still even be unsure as to whether or not they want to relocate.
Your Realtor should be able to distinguish realistic potential buyers from mere lookers. Realtors should usually find out a prospective buyer's savings, credit rating, and purchasing power in general. If your Realtor fails to find out this pertinent information, you should do some investigating and questioning on your own. This will help you avoid wasting valuable time marketing towards the wrong people. If you have to do this work yourself, consider finding a new Realtor.

Mistake #6 -- Not Knowing Your Rights & Responsibilities
It is extremely important that you are well-informed of the details in your real estate contract. Real estate contracts are legally binding documents, and they can often be complex and confusing. Not being aware of the terms in your contract could cost you thousands for repairs and inspections. Know what you are responsible for before signing the contract. Can the property be sold "as is"? How will deed restrictions and local zoning laws will affect your transaction? Not knowing the answers to these kind of questions could end up costing you a considerable amount of money.

Mistake #7 -- Limiting the Marketing and Advertising of the Property
Your Realtor should employ a wide variety of marketing techniques. Your Realtor should also be committed to selling your property; he or she should be available for every phone call from a prospective buyer. Most calls are received, and open houses are scheduled, during business hours, so make sure that your Realtor is working on selling your home during these hours. Chances are that you have a job, too, so you may not be able to get in touch with many potential buyers.

What is a short sale? 

A "Short Sale" or "negotiated settlement" or "short pay" occurs when a Lender agrees to accept less than the amount owed to payoff a loan as an alternative to foreclosure.  If the property is worth less than the amount owed on the loan, then even if the Lender forecloses and takes back the property, they know they are going to take a loss.  We can often convince a Lender that they will "do better" if they take less than what is owed now rather than taking the property back by foreclosure and trying to sell it later.

How long will it take?  The Short Sale negotiation process is a lengthy one.  It may take several weeks or more likely several months to get an approval.  Many Lenders have several layers of bureaucracy, insurers, and investors that we will have to maneuver through in order to get the Short Sale approved.  So it is important to be patient during this long process.

But my house is going to foreclosure, will I have enough time?  Maybe, maybe not.  Just starting a Short Sale does not automatically stop a foreclosure.  However, many times we can convince a Lender to stop the foreclosure to let us attempt to negotiate the Short Sale.  So, while there are no guarantees, it is in your best interest to try the Short Sale.

Can I stay in the house?  The key word in "Short Sale" is sale.  The purpose of a Short Sale is to get the property sold.  This is not a program that can stop foreclosure and allow you to keep the house indefinitely.  It will be easier to sell the house if it is vacant, so you should make plans to move as soon as possible.

How do I know this will work?  You don't.  We cannot, have not, and will not make any promises to you that the Lender will accept a Short Sale.  Once you missed a payment, the Lender is in charge and can proceed to foreclosure if they want to.  But we know they do not want to and we are very good at presenting alternatives to the Lender that they often prefer to accept rather than foreclose.  We are very good at what we do, but NO PROMISES or GUARANTEES are being made as to whether or not the Lender will accept a Short Sale - they may or may not.

Will I get any money from the sale?  NO.  A universal requirement of Lenders granting a Short Sale is that the borrower will not get any proceeds from the sale of the property.  The Lender is going to take a loss on your loan - they are not going to let you get any money.

What happens if this doesn't work?  Your house will likely go to foreclosure.  A Short Sale is something we try after you have exhausted your other options.

What is the difference between a "RELEASE" and a SATISFACTION?  A Release is where the Lender may offer to "release" its security interest against the property in exchange for less than the amount of the note.  However, the remaining debt on the property is still not satisfied.  A Satisfaction is where the Lender agrees to accept less than you owe on the balance of your mortgage as a complete and final "satisfaction" of the debt and the mortgage lien on your property.

Advantages of a Satisfaction:  Your note obligation and mortgage encumbering the property are both satisfied for less than what you owe.  When your property is sold, the debt is paid off completely.

Disadvantages of a Release:  Since the remaining debt on the property (sometimes called a "deficiency") still exists, you may have tax consequences and receive a 1099-S form from the Lender reflecting the amount of debt forgiven.  You may then have to pay taxes on this amount and although there are exceptions, you are urged to consult with a tax advisor regarding your options.  Also know that the Lender is not obligated to provide you with a 1099-S for the debt forgiveness income and won't be penalized for failing to do so.  It is at the sole discretion of the Lender whether they choose to give this to you or not.

If the Short Sale is successful, it is a win-win situation for all of us.  You win because you save your credit from a tremendous hit since a foreclosure will remain on your credit for ten years.  This makes buying another house impossible for a long time.  And yes, you will have late payments showing on your credit report, but as long as foreclosure does not occur, after twelve months of good rental history, you will be able to get a new mortgage and buy a house once again.  We win because once the short sale is approved, and we buy the property or find a buyer for the property and make our profit that way.  Bottom line is, if you don't win, neither do we!  The Lender wins because they can dispose of the property quickly instead of holding onto a non-performing asset which in the long run hurts them financially.  Besides the Lender is in the business of lending money not selling real estate.