Want to know how to control your housing costs as rents continue to rise?
Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.
Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.
If buying a home is your goal, make sure and attend the FREE Home Buyer Workshop in Memphis, TN, November 14 at 6:00.
Beautiful home in the Woodsedge neighborhood. This home sits on a large private lot. The open kitchen area includes a breakfast bar, oversized hearth room, and fireplace. Enjoy your outdoor space on the large covered patio which overlooks your private estate sized lot with lots of trees. The master bedroom with private bath, double closets, double vanities, and separate tub and shower is located on the first floor. There is a second bedroom on the main level to meet your office space needs or additional bedroom. If you need some private space to retreat, the upstairs area includes 3 bedrooms or 2 bedrooms and a bonus room. The bedrooms each have private access to the full bathroom with access also from the hall. There are walkin closets in all the bedrooms. For your storage needs, there is a floored walk in attic space from the bonus room and the hallway.
|Germantown Real Estate Market Report|
|Germantown, TN homes for sale have seen steady price improvement month to month as well as year to year as inventory levels remain at all-time lows.The Numbers Month to Month and Year to YearThe median sales price for Germantown, TN homes for sale was $272,000 in April 2015 compared to $265,000 during March 2015 and $294,950 in February 2015.
The number of Germantown, TN homes for sale that sold was 53 in April 2015 vs.51 in March 2015 and 48 that sold February 2015.
There are 62 Germantown, TN homes for sale that are in contract which represents 23% of the overall available inventory of 274 homes.
A few highlights of the current Germantown, TN homes for sale are shown below and represent a nice cross section of properties available.
This Months Most Expensive
The most expensive of all Germantown, TN homes for sale this month is listed at $3,200,00 and includes 6 bedrooms,12 baths and has 17,000 + sqft. This home is a classic Georgian on private 9.88 acre estate. The home has a mansion-like quality yet is perfect for family and extended family with separate living areas. The separate in-law wing and walk-out basement with kitchen and laundry are only some of the unique features of this home.
This Months Least Expensive
The least expensive of all Germantown, TN homes for sale comes in at $54,000 and would be a great home for a first time homebuyer or an investor looking for a rental property with positive cash flow. It has 1 bedroom and 1 bath and is nicely updated for this price. (schedule a showing).
This Months Must See
There were some great Germantown, TN …
|Below are highlight properties for Germantown Real Estate Market Report. See more at the full report:|
|See the Full Germantown Real Estate Market Report|
|Information valid as of May 6, 2015. Please contact us for the most current information and status of these properties.|
We all love good news and home sales in the Memphis real estate market continue to bring good news.
Homes sales in the Memphis area for March 2015 totaled 1270 units, which is up 5.1% from March 2014. Buyers and seller seem to be optimistic about the Memphis real estate market and it is showing. Many times home owners are receiving multiple offers within the first week of going on the market. It goes without saying these are the homes that have gone on the market in optimal condition (all repairs are done, de-cluttering and staging complete). The Certified Pre-Owned Marketing Program offered by Suzanne White with Keller Williams Realty places the seller in the driver’s seat to get the most money with the least amount of stress when selling a home.
The city of Arlington had a 121% increase in home sales! There were 84 homes sold in Arlington through the end of March for 2015 and only 38 homes sold through the same time period in 2014. The average sales price has also increased 9.9% to $231,081. Of the 84 homes sold YTD, 14 homes have been new construction.
Even with what the numbers showing an increase in prices in the Memphis real estate market, a marketing and selling strategy needs to be in place for sellers to optimize selling a home. Find out how much your home value has increased here and then talk to Suzanne White with Keller Williams about her unique marketing plan – Certified Pre Owned.
Suzanne White, REALTOR
Keller Williams Realty
930 S White Station Rd
Memphis, TN 38117
Only Homes for Heroes agent in Shelby, Tipton, and Fayette County – http://www.HomesforHeroes.com
Suzanne White, Keller Williams Realty 901-730-6314, offers tips to sell your Germantown home for top dollar.
When selling a home in Germantown, one of the most stressful steps of selling a home is the buyer’s home inspection. The buyer has a right to have a home inspection before buying a home and if the seller isn’t prepared, this can kill the transaction.
A home inspection in TN is performed by a licensed home inspector or can be done by a contractor or anyone who is licensed in the area they are inspecting. Once the results of the buyer’s home inspection for buying a home in Germantown is delivered to the buyer, he or she can either terminate the contract based upon the inspection findings or request repairs be made by the seller. This is where the stress can build for a home seller.
When you are preparing to sell your Germantown home, I always suggest to my clients to have an inspection done on the home BEFORE placing it on the market. If there are repairs that need done, you as the homeowner need to know about it now and have the repairs completed in order to receive top dollar when selling your Germantown home. (And who doesn’t want to receive to dollar?). Some of the usual items that show up consistently on home inspections are rotting wood, dirty condensers and furnaces, and leaking water heaters. Having these items repaired BEFORE placing a home for sale will give a buyer more confidence to purchase a pre inspected home than not.
For the Germantown homeowner, having the repairs completed before placing the home on the market lessens the stress as you are not under a time frame as you will be once under contract and sometimes will even allow you to make the repairs yourself if qualified. Once under contract to purchase your Germantown home and the deficiencies are discovered by the buyer, he/she may want them repaired by a licensed professional which will cost more money.
When you get ready to sell your Germantown home, make sure you hire a Germantown real estate professional to guide you through the process from pricing to closing. Having your home marketed as a pre inspected home will increase your chances of a quick sale at top dollar.
To find out the value of your Germantown home, visit http://www.homeslistedinmemphis.com/sell/
or call 901-730-6314
Suzanne White, REALTOR
Keller Williams Realty
1255 Lynnfield Rd Ste 100
Memphis, TN 38119