Interesting Facts about Memphis, Tennessee - Part 2 - 02/25/07 04:49 PM
Memphis was cited as a top metro area for European expansion. The area ranked #13 out of 50, based on European-based company expansions or relocations within the past two years that created at least 10 jobs and involved capital investment of at least $1 million. Expansion Management, June 2004  
The Memphis metro area was selected as one of the "Top 40 Real Estate Markets" for expanding or relocating businesses. The area ranked #7 out of 40. Criteria: rental costs; purchase prices; and vacancy rates of office and warehouse space. Expansion Management, August, 2005 
Kiplinger's Personal Finance ranked 101 U.S. cities in terms … (1 comments)

Forclosures almost equal home sales - 02/16/07 06:16 PM
The title of this post is the shocking lead headline for the February 16-22,2007 issue of the Memphis Business Journal.
The Memphis Area Association of REALTORS. reported 19,738 home sales in the Memphis MSA in 2006, compared with 18,155 foreclosures for 2006.  What in the world is going on?  The experts reference the large low-to-moderate income population in the area as giving rise to a large group of marginal buyers.
Shelby County had over half of Tennessee's foreclosures in 2006.  As a full-time real estate agent, I am perplexed as to what conclusion to draw from this news.  What impact will this have … (0 comments)

Interesting Things about Memphis, Tennessee - 02/15/07 06:27 PM
I want you to know more about Memphis, Tennessee Courtesy of Greater Memphis Chamber of Commerce:
Memphis is located atop 1 trillion gallons of the world's best artesian well water.
Memphis is in the top 10 of the most mannerly cities in America according to the etiquette book, "Common Sense Etiquette."
Memphis ranks 6th in the nation in the number of properties on the National Register of Historic Places and has more historic listings per capita than any city in America.
The Mortgage Bankers Association of America put Memphis at number ten on its Top Ten Hottest U.S. Markets for Mortgage Lenders hot … (0 comments)

Referrals are the heart of my business - 02/15/07 06:19 PM
There is no greater compliment than for a current or former client, or a friend to refer a new client to me.  Referral clients are solid because they already have been sold on me by their friends.  It is a built-in confidence level that may take weeks to build with a stranger.  I have a special love for all those who refer business to me, and they know that the referred client will receive the highest level of service, because I am working for 2 people:  the new client and the person who referred him/her.
For the last couple of years I … (0 comments)

What Do You Think Of When You Think Of MEMPHIS, Tennessee? - 02/14/07 09:03 AM
 Memphis is:
The Grizzlies, Graceland, 5 Class-1 Railroads, Beale Street, Birthplace of Dale Evans, National Ornamental Metal Museum, Cotton Museum, Jerry Lee Lewis, Carl Perkins, Greyhound Racing, Sybill Shepherd, Justin Timberlake, Memphis in May, Beale Street Music Fest, Johnny Cash, FedEx, AutoZone, Service Master, University of Memphis, Rhodes College, LeMoyne-Owen College, Redbirds Baseball, Riverkings Hockey, Fedex St. Jude Classic (PGA Golf), Morgan Keegan-St. Jude Tennis, Elvis, WC Handy, Peabody Hotel, National Civil Rights Museum, Issac Hayes, BB King, Booker T and the MGs, BARBECUE, World's busiest cargo Airport, Interstate Highway Hub, St. Jude Children's Research Hospital,International Paper, 4 largest river port in … (0 comments)

Providing Free Advertising for FSBOs - 02/14/07 08:53 AM
I have noticed that some local REALTORS are advertising FSBO properties on their websites, right along with their listings.  These are not necessarily limited service listings, but many are stand alone FSBOs.  Is this a trend across the country? It seems self-defeating.  I have been told that these companies have the intention of listing or bringing buyers for the FSBO properties, however, with the high inventory of listings, I cannot see a benefit to anyone except the FSBOs, whose only interest seems to be cutting the REALTOR out of the deal to the greatest extent possible.
… (3 comments)

Memphis Real Estate Market - Waiting for a thaw (literally) - 02/07/07 03:05 PM
From this agent's point of view, the Memphis, TN market is slooooow. I have mentioned a market turndown for a while, and I hate to be a doom an gloomer, but not many motivated buyers are stepping up to take a bite of the Memphis market's over-inflated inventory. There are some great properties out there, priced to move. See for yourself. My theory is Seasonal Affective Disorder -put things off for some warmth and more daylight.I just returned from an educational convention of the nation's top agents. Our market is great compared to other parts of the country. We have been … (1 comments)

 
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Joe Spake

Memphis, TN

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InCity Realty

Address: 2109 Peabody Ave., Memphis, TN , 38104

Office Phone: (901) 725-7766

Cell Phone: (901) 214-5563

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