Stay Connected

Twitter Facebook Linked In Follow Me on Pinterest

Translate

Friday, October 30, 2020

Should I Renovate My House Before I Sell It?


Should I Renovate My House Before I Sell It? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights

  • In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.
  • With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house.
  • If you’re ready to move, reach out to a local real estate professional to determine your best next steps in this sellers’ market.
Keeping Current Matters | The KCM Crew 10302020



 

Tuesday, October 27, 2020

2314 CARROLLWOOD LN Memphis, TN 38016

Property Site: http://tour.remax-tennessee.com/home/VFE8XF/2314-CARROLLWOOD-LN-Memphis-TN-10087634
Wonderful 4BR/2.5BA Home in Quiet Neighborhood~Huge Great Room w/Lovely Fireplace~Large Office or Dining Room Off Great Room~Formal Dining Room~Spacious Eat-In Kitchen w/Double Ovens, Pantry + Tons of Cabinet Space~Laundry Area + Half Bath Off Kitchen~Great Master Bedroom Suite Down w/Walk-In Closet + Full Bath w/Double Vanities, Jacuzzi Tub & Separate Shower~Three Bedrooms + Full Bath Up~Walk-In Attic w/Expandable Space~Amazing Fenced-In Backyard Space w/Covered Patio + Separate Deck~AND MORE!
Bedrooms: 5
Bathrooms: 3
Square feet: 2,400
Price: $220,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6542777 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10087634

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Monday, October 26, 2020

Two Important Impacts of Home Equity

 

Two Important Impacts of Home Equity

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight just reported:

“The annual percent change in the overall median existing single-family-home price has skyrocketed in the past several months, with recent numbers at three to five times higher than rates seen in the past several years.”

Jeff Tucker, Senior Economist at Zillow, just qualified recent price increases as “jaw-dropping” and “within a hair’s breadth of double-digit year-over-year appreciation.”

Knowing equity will help enable many homeowners to better survive the economic distress caused by the ongoing pandemic, it’s important to break down two key homeowner benefits of increasing equity.

1. Equity Increases a Homeowner’s Options to Buy a New Home

Aside from the financial damage of the last seven months, there has also been a tremendous emotional toll on many people. Shelter-in-place mandates, quarantine requirements, and virtual schooling have all made us re-evaluate the must-have requirements a home should deliver. Having equity in your current house gives you a better opportunity to move-up or build your perfect home from scratch.

Mark Fleming, Chief Economist at First American, recently explained:

“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home – the wealth effect of rising equity.”

If you need to make a move, the equity in your current home can help make that possible – right now.

2. Equity Enables Homeowners to Help Future Generations

An increase in home equity grows overall wealth, which can transfer to future generations. The Federal Reserve, in an addendum to their recent Survey of Consumer Finances, explains:

“There are numerous ways families can transmit wealth and resources across generations. Families can directly transfer their wealth to the next generation in the form of a bequest. They can also provide the next generation with inter vivos transfers (gifts), for example, providing down payment support to enable a home purchase or a substantial wedding gift.”

The Federal Reserve also explains another way wealth (including the additional net worth generated by an increase in home equity) can benefit future generations:

“In addition to direct transfers or gifts, families can make investments in their children that indirectly increase their wealth. For example, families can invest in their children’s educational success by paying for college or private schools, which can in turn increase their children’s ability to accumulate wealth.”

Bottom Line

Equity can help a homeowner grow their confidence in a more stable financial future. It provides near-term move-up options and creates a positive impact for future generations. In many cases, the largest single investment a person has is their home. As that investment appreciates in value, financial options increase too.

Source: Keeping Current Matters | The KCM Crew 10262020

Tuesday, October 20, 2020

2815 GARDEN LN Memphis, TN 38111

Property Site: http://tour.remax-tennessee.com/home/57AG2C/2815-GARDEN-LN-Memphis-TN-10087199
Super Cute 3BR/2BA Home in Quiet Neighborhood~Huge Great Room w/Vaulted Ceilings~Spacious Eat-In Kitchen w/Granite Counter Tops + Tons of Cabinet Space~Master Bedroom Down w/Full Bath + Walk-In Closet~2nd Bedroom Also Down~3rd Bedroom + Full Bath + Bonus Space w/Fireplace Up~Beautiful Stained Concrete Floors~Large Fenced-In Backyard w/Patio~AND MORE!!
Bedrooms: 3
Bathrooms: 2
Square feet: 1,800
Price: $255,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6531504 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10087199

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Friday, October 16, 2020

3613 SUNRAY CV Bartlett, TN 38135

Property Site: http://tour.remax-tennessee.com/home/6BYTQZ/3613-SUNRAY-CV-Bartlett-TN-10087057
Great Opportunity for 3BR/2BA Home in Quiet Bartlett Cove~Large Great Room w/Fireplace~Separate Breakfast Room~Spacious Kitchen w/Lots of Cabinet Space~Great Master Bedroom Down w/En-Suite Bath~Two Bedrooms + Full Bath Up~Huge Expandable Space Up + Tons of Attic Storage~Screened-In Porch + Fenced-In Backyard~2 Car Garage~AND MORE!!
Bedrooms: 3
Bathrooms: 2
Square feet: 1,200
Price: $130,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6525982 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10087057

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Wednesday, October 14, 2020

8250 AMBER SPRINGS CV Memphis, TN 38018

Property Site: http://tour.remax-tennessee.com/home/RPUFD4/8250-AMBER-SPRINGS-CV-Memphis-TN-10086839
Great 4BR/3.5BA in Quiet Cove~Amazing Front Porch~Beautiful Entry Way w/Fireplace Leads to Formal Living Room & Separate Formal Dining Room~Huge Great Room w/Fireplace & Built-In Shelves~Spacious Eat-In Kitchen w/Tons of Cabinet Space + Island & Pantry~Large Master Bedroom Suite Down w/Walk-In Closet + Luxurious Bath w/Double Vanities, Soaking Tub + Separate Shower~Laundry Room + 1/2 Bath Down~3 Bedrooms + 2 Full Baths + Huge Bonus Room Up~New Carpet~Peaceful Backyard Setting~AND MORE!
Bedrooms: 4
Bathrooms: 4
Square feet: 3,400
Price: $307,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6520464 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10086839

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Tuesday, October 13, 2020

661 WHEATLY CV Collierville, TN 38017

Property Site: http://tour.remax-tennessee.com/home/A38PAM/661-WHEATLY-CV-Collierville-TN-10086801
Adorable 3BR/2BA Home in Cove Located in Quiet Neighborhood~Formal Living Room + Dining Room w/Tons of Natural Light~Large Great Room w/Gas Fireplace & Built-In Shelves~Spacious Eat-In Kitchen w/SS Appliances Including Bosch Gas Range, Granite Counters + Pantry~Wonderful Sun Room w/Walk-In Closet (Could Also Be Bonus Room or 4th Bedroom)~Large Master Suite w/Renovated Full Bath~Two Additional Bedrooms + Renovated Full Bath~Tons of Storage Throughout~Great Fenced-In Backyard w/Deck~AND MORE!
Bedrooms: 3
Bathrooms: 2
Square feet: 1,800
Price: $269,900

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6519654 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10086801

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate