Advantages and Disadvantages of Buying a Foreclosure - 05/31/12 05:18 PM
Many buyers associate buying a foreclosure with getting a steal of a deal. This can be true, but there are also potential pitfalls. The pros and cons of buying a home involved in foreclosure vary with the phase of foreclosure the property is in when purchased. Use this handy guide to figure out what sort of property is best for you!
Missed Payments/Motivated Seller
Advantages:
Seller will be motivated to achieve a fast sale, may create opportunity for below market purchase price. Seller may be more likely to do repairs. Seller might be amenable to providing major closing cost credits and … (0 comments)
|
New finance options for first time homebuyers - 05/31/12 02:23 PM
If you are a first-time homebuyer in the Memphis, Tennessee area, there are some amazing financing deals available for you right now. As a first time homebuyer, you may have a very limited budget. That is why you should look into foreclosures and short sales. Foreclosures and short sales allow you to purchase amazing homes at very low prices. Even if you are looking in areas like Germantown, Collierville, Bartlett, and Arlington, you will find plenty of short sales and foreclosures. In fact, short sales and foreclosures exist in every major neighborhood of Shelby County.
Serving the entire Memphis area (including … (0 comments)
|
Housing Affordability Hits its Highest Level Ever - 05/19/12 05:06 PM
Buying a home is more affordable now than at any point in the past three decades, data from the National Associaiton of Realtors shows.
Based on the relationship between median home price, median family income, and average mortgage interest rates, NAR’s Housing Affordability Index rose to its highest point ever during the first quarter of 2012.
“For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” said NAR President Moe Veissi. “Although home prices are stabilizing and sales are rising, some buyers still have to jump through a lot of hoops … (0 comments)
|
MAAR Releases April Market Report - 05/18/12 05:13 PM
Memphis-area home sales for April rose 15.3 percent from a year ago, with 1,166 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales dropped 9 percent from March. Average sales price year-over-year was down 2.4 percent at $117,101. Inventory was up 3.8 percent, with 7,158 units listed for sale. Sales volume YTD increased 16.7 percent to $503.5 million.
“It was a much better April than a year ago, all across the board,” said MAAR President Carol Lott. “Even better, sales are up almost 20 percent year-over-year.”
Source: Memphis Area Association of Realtors
… (1 comments)
|
3130 Clubview Cv S ~ Lakeland, TN ~ Come See ME! - 05/18/12 11:57 AM
… (1 comments)
|
30 Amesbury Cove ~ Unincorporated, TN - 05/18/12 11:44 AM
… (0 comments)
|
303 Pompano Cir #102 ~ Memphis, TN - 05/18/12 11:26 AM
… (0 comments)
|
1685 Belledeer Drive W ~ Cordova, TN - 05/18/12 11:18 AM
… (1 comments)
|
2472 Medina Cove ~ Memphis, TN ~ What a Deal?!?!?! - 05/18/12 11:10 AM
… (3 comments)
|
10 Lot Asbury Dr ~ Somerville, TN - 05/18/12 11:05 AM
… (0 comments)
|
3554 Davieshire Dr ~ Bartett, TN ~ GORGEOUS! - 05/18/12 10:59 AM
… (0 comments)
|
3517 Winding Wind ~ Come See Me! - 05/18/12 10:49 AM
… (0 comments)
|
6639 Laurel Valley Dr ~ Dont Miss Out ~ Bartlett, TN - 05/18/12 10:38 AM
… (2 comments)
|
3329 Bent Laurel Dr ~ Lakeland, TN - 05/18/12 10:27 AM
… (0 comments)
|
574 Marianna St ~ Memphis, TN ~ Sizzling Buy! - 05/17/12 03:12 PM
… (0 comments)
|
4422 Tutwiler ave ~ Memphis, TN ~ WHAT A DEAL? - 05/17/12 03:06 PM
… (0 comments)
|
40 Amesbury Cove ~ Eads, TN ~BEAUTIFUL! - 05/17/12 02:21 PM
… (0 comments)
|
SHORT SALE ~ 6676 Harpeth Cove - 05/17/12 02:06 PM
… (1 comments)
|
1868 N Rainbow Dr ~ Memphis, TN ~ Great Buy! - 05/17/12 02:03 PM
… (0 comments)
|
380 N Island Dr ~ Memphis Condo - 05/17/12 01:45 PM
… (0 comments)
|
Memphis housing market trends - 05/17/12 01:43 PM
The housing trends in Memphis point to two things: short sales and foreclosures. The real estate market is filled with large quantity of short sales. Whether you're looking for a new home in East Memphis, Midtown, Bartlett, Germantown, Collierville, Cordova, Arlington, Lakeland, Harbor Town, or another Memphis neighborhood, you can get an exceptional deal on a house by purchasing a very inexpensive short sale home.
The Carstensen Team can help you locate numerous houses within your price range that you will love. You will get so much more for your money, when you buy a foreclosure or a short sale. These … (1 comments)
|
348 N Watkins St ~ Memphis, TN ~ NEW Listing - 05/17/12 01:38 PM
… (1 comments)
|
10195 Rathmore Cove ~ NEW LISTING IS A MUST SEE! - 05/17/12 09:21 AM
… (0 comments)
|
2684 Bending Elm ~ Memphis, TN - 05/17/12 08:54 AM
… (0 comments)
|
7471 Germantown Square S ~ Germantown, TN - 05/17/12 08:18 AM
… (1 comments)
|
348 N Watkins St ~ Memphis, TN - 05/15/12 01:01 PM
… (1 comments)
|
Home Prices Rise in Half of U.S. Cities - 05/11/12 02:27 PM
Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced housing market conditions, according to the latest quarterly report by the NATIONAL ASSOCIATION OF REALTORS®.
Single-family home prices rose in 74 out of 146 MSAs in the first quarter, while prices declined in 72. That’s a big increase from the fourth quarter of 2011, when only 29 areas showed gains from a year earlier.
Most buyers have the income needed to buy a home in their area, assuming they have good credit, a downpayment of 5% to 20%, and they … (0 comments)
|
Inspirational Story About a First-time Homebuyer - 05/10/12 03:47 PM
Tom is a buddy of mine; he talks all the time about his great job in downtown Memphis and how much he loves the energy of the city. Where he lived, however, was a different story. Tom's apartment was horrible; the roof leaked, the windows leaked, it was too hot in the summer and too cold in the winter.
As far as the neighborhood went, well, Tom's car was broken into so many times that he finally just left the windows down and the car empty. He told me he wanted to move into a better neighborhood, but he knew … (0 comments)
|
3 things to look for when interviewing an agent - 05/08/12 04:09 PM
Selecting a real estate agent is a very important part of the process whether you are a buyer, seller or both. You need to select someone who is seasoned in Memphis real estate transactions, knows the area from Harbor Town to Cordova to Lakeland and will be able to negotiate the best price and terms. Though we at the Carstensen Team pride ourselves on our experience and quality of service, some real estate agents just aren't on top of their game. Here are three questions to ask any real estate agent that separate top-notch quality from lower level mediocrity. Is this … (1 comments)
|
3329 W Bent Laurel Ln ~ Lakeland, TN - 05/08/12 10:44 AM
… (1 comments)
|
1013 Appling Meadow Dr ~ Cordova, TN - 05/08/12 10:17 AM
… (1 comments)
|
574 Marianna St ~ Memphis, TN - 05/08/12 09:49 AM
… (1 comments)
|
353 Haynes St ~ Memphis, TN - 05/08/12 09:45 AM
… (1 comments)
|
40 Amesbury Cove ~ Eads, TN - 05/08/12 09:37 AM
… (0 comments)
|
6676 Harpeth ~ Memphis, TN - 05/08/12 09:31 AM
… (0 comments)
|
1868 N Rainbow Dr ~ Memphis, TN - 05/08/12 09:23 AM
… (1 comments)
|
380 N Island Dr ~ Memphis, TN - 05/08/12 09:11 AM
… (0 comments)
|
Growth Spurt in Short Sales - 05/05/12 06:08 AM
The national housing market shows favorable conditions for short sales in 2012, says RealtyTrac.
According to a recent report, pre-foreclosure sales, which are typically short sales, showed a 33% increase in January over year-ago figures in 32 states. These states included Georgia, with a notably high 113% increase, Michigan (90%), Wisconsin (77%), California (52%), Texas (48%), Arizona (44%), Nevada (36%) and Florida (20%).
Twelve states, including Arizona, California and Florida, had more short sales than REO sales for the month of January.
The rise in short sales might be a factor in the number of foreclosures falling to 2007 fourth-quarter levels.
… (0 comments)
|
6676 Harpeth Cove ~ Memphis, TN - 05/04/12 09:44 AM
… (0 comments)
|
9397 Brigstock Cove ~ Unincorporated, TN - 05/03/12 12:39 PM
… (0 comments)
|
3130 Clubview Cv S ~ Lakeland, TN - 05/03/12 12:34 PM
… (0 comments)
|
30 Amesbury Cove ~ Eads, TN - 05/03/12 12:31 PM
… (1 comments)
|
498 Heather Leigh Ln ~ Memphis, TN - 05/03/12 12:29 PM
… (0 comments)
|
9129 Chastian Pl ~ Cordova, TN - 05/03/12 12:26 PM
… (0 comments)
|
303 Pompano Cir #102 ~ Memphis, TN - 05/03/12 12:23 PM
… (0 comments)
|
1685 Belledeer Drive W - 05/03/12 12:19 PM
… (0 comments)
|
2472 Medina Cove ~ Memphis, TN - 05/03/12 12:13 PM
… (0 comments)
|
600 S Main #201 Memphis, TN - 05/03/12 12:01 PM
… (0 comments)
|
3554 Davieshire Drive Bartlett, TN ~ STUNNING!! - 05/03/12 11:50 AM
… (0 comments)
|
6639 Laurel Valley Dr ~ Bartlett, TN - 05/03/12 11:43 AM
… (0 comments)
|
4495 Lancelot Dream Cove ~ Bartlett, TN - 05/03/12 11:33 AM
… (1 comments)
|
3329 W Bent Laurel Lane ~ Lakeland, TN - 05/03/12 11:21 AM
… (1 comments)
|
8830 River Pine Drive ~ Come See Me! - 05/02/12 12:23 PM
… (0 comments)
|
1013 Appling Meadow Drive, Cordova, TN ~ Beautiful Home! - 05/02/12 11:56 AM
… (0 comments)
|
7286 Abercrombie Ln ~ Memphis Deal! - 05/02/12 11:52 AM
… (0 comments)
|
574 Marianna St Memphis, TN ~ What a Deal?!?!? - 05/02/12 11:47 AM
… (0 comments)
|
353 Haynes St Memphis, TN - 05/02/12 11:11 AM
… (0 comments)
|
1267 Fleets Harbor Drive Memphis, TN - 05/02/12 10:41 AM
… (0 comments)
|
40 Amesbury Cove ~ BEAUTIFUL! - 05/02/12 08:35 AM
… (0 comments)
|
380 N Island Memphis Condo - 05/02/12 08:05 AM
… (0 comments)
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
;)
