Memphis Real Estate Blog

Architectural Styles to Fit Your LifestyleThere's nothing quite so satisfying as finding the perfect house. Many home buyers aren't sure what they're looking for until they find it. Knowing in advance the difference between the various styles can help home buyers find the right property for them. Below are some of the most popular architectural styles in the United States.

Cape Cod: Simple and Classic

Cape cod homes originated on the eastern side of the country and were first built in the 1600's. In appearance, these homes are similar to cottages. They're known for their large chimneys and steep roofs with dormer windows. The fireplace is the heart of the cape cod, and often these homes feature chimneys directly in the center of the structure. A typical cape cod is a single story

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Drones and Real Estate: How New Technology is Making a DifferenceA drone is a small air craft, similar to a helicopter, that is flown by remote control by a pilot on the ground. In recent years, drones have been used for a wide range of purposes, from delivering packages to supplementing law enforcement efforts. It should come as no surprise then that drones have also been used in real estate, especially when they are used to help sell homes and real estate. Homeowners who want to capture beautiful pictures and videos of their home may use drones to get images that they otherwise would never be able to get.

The Tradition of Real Estate Photography

Real estate photography is a marketing tool with a long tradition in the real estate industry. Photographs are used to dress up real estate listings and make

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The Best Kitchen Improvements for ROIThe kitchen is by far one of the most functional rooms in the home, and it can have a big impact on first-time visitors. Homeowners who want to improve upon their kitchen for both themselves and for those who may sell the home in the future should know which projects are likely to net the best possible returns.

Real estate professionals have seen that homeowners actually tend to get bigger returns when they look toward smaller projects. Mini-makeovers to a kitchen tend to net up to 80% returns, while a major remodel may only reap about 65% or less. For a better chance of getting more out of your upgrades, keep the following in mind.

Replacing Kitchen Appliances

Energy efficient appliances can save hundreds of dollars over time and

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What You Need to Know About Short SalesFor a homeowner who is underwater (owing more on the mortgage than what the home is worth) and in financial distress, going into foreclosure is usually viewed as the worst case scenario. Selling the house as a short sale can be a less damaging alternative. Knowing what a short sale is and how a short sale proceeds is important for homeowners who are having a hard time making their mortgage payments.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What A Short Sale Is

A short sale is a scenario that sometimes occurs when the money owed on a property is more than the value of the home. For example,a homeowner buys a property for $250,000 and takes

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What Homebuyers Need to Know About HOAsIn today's Olive Branch real estate market, it's becoming more common for home buyers to discover that the perfect home or condo they have discovered is located within a homeowners association (HOA). HOA's exist for many reasons. One reason is keeping the common areas of the community maintained and in good condition. Another reason is the operation of certain amenities such as a pool, clubhouse or exercise room. Before buying a home or condo in an HOA, it's important for a home buyer to understand the ins, outs and language of an HOA.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Know Who Manages the Community's Needs

In smaller communities, the

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Simple and Inexpensive Home Winterization TipsPreparing a home for winter doesn't have to cost a fortune or take hours on end to complete. However, failing to winterize the home can cost owners quite a bit of hassles and a great deal of money due to freezing temperatures and energy losses due to inefficiencies. Here are five simple and cost effective ways to winterize the home for energy efficiency and comfort.

1. Clean the Water Heater, Reduce Temps or Go Tankless

Upon installation, most home improvement contractors will set the temperature on hot water heaters to about 140-degrees Fahrenheit. Realistically, this temperature is too hot for the average homeowner and not only can cause scalding burns, but the excessive temps can increase heating costs by up to 10 percent. Furthermore,

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Buying a Home: Understanding Property TaxesPeople getting ready to buy a home may already be aware that they will have to pay property taxes after they buy a home. In many regions of the country, property taxes provide a lot of the financial monies that cities, counties, and states need to function. Local governments rely on property taxes to pay for improvements that benefit the population.

Since property taxes are so uniquely regional, the price homeowners might pay differs widely across the country. Despite property taxes being different from state to state and region to region, there are some similarities.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

How Are Property Taxes Calculated?

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How to Use Customer Service in Real Estate to Your AdvantageWhether a real estate agent is having trouble establishing themselves in their field or they're just starting to feel stagnant, they may want to consider how customer service can help them get their goals back on track. While good customer service and great real estate marketing techniques are not the only skill real estate agents needs to have, good customer service is one that can truly set them apart from their competition. Regardless of your specialty, see why customer service should be a top priority.

Going the Distance

Unlike many sales positions, real estate agents have to interact with their clients for weeks or months at a time. After another Saturday of touring open houses, it's easy for a real estate agent to lose their

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Why FSBO Could Cost More than Hiring an AgentSelling a home through for sale by owner (FSBO) may seem like a big savings. The truth could be far more complicated. Here are five reasons why FSBO may not pan out for sellers.

1. No Professional Assistance

The home selling process is a huge undertaking. Sellers are trying to gain as much as possible from the transaction. A lot of that money is gained or lost in the entire transactional process. With the help of a real estate agent, people know what to do and what not to do. They get advice on how to prepare their home for sale and what works for buyers in the neighborhood. Without that help, sellers are on their own to do the prep work, marketing, and selling the home.

2. Higher Possibility of Liability

The government is invested into

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Escrow Funds Relating to Real Estate Transactions Have Strict ControlsAn almost universal practice when buying or selling a home is that some funds will be held in a separate escrow account by a third party agent not a party to the specific transaction. Escrow funds typically include the initial buyer deposit, but they may also include the full down payment, brokers fees and commissions, insurance and taxes, and even funds designated for required repairs.

Escrow accounts are not limited to real estate transactions. But for real estate, there are specific rules governing escrow deposits, and the practices vary from one state to another. Most commonly, escrow funds are held in non-interest-bearing accounts. The funds are not at risk; instead they are held in trust and disbursed according to well-defined guidelines,

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