New Homes for Sale Memphis

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Tips to sell your home quickly and purchase a new Magnolia Home!!

Posted on: February 22nd, 2012 by admin

“Many people say it’s the kitchen and bathrooms that really sell a home.

Buyers prefer that both are clean and in move-in condition. They want to unpack their dishes and glassware as well as their toiletry bag and feel comfortable in their new home right away.

Many homeowners, however, don’t have the time, energy or financial resources for major kitchen and bathroom renovations. Perhaps during their time in the home, the seller focused on turning the basement into a media room or making necessary roof and siding repairs. When it’s time to sell, how can a cash-strapped seller appeal to buyers who want — even expect — an upgraded kitchen and bathroom?

Here are three affordable, quick, easy tips for sprucing up your kitchen and bath right before going on the market.

1. Paint the kitchen cabinets.

It would be too costly to go out and purchase new cabinets just before you sell.  But you and your real estate agent despise the old knotty pine or dark grain cabinets from 20 years ago. A quick fix is to paint them white. It will make the kitchen appear lighter, brighter and cleaner. A fresh coat of paint will give the appearance of new, which will appease many buyers. This can be done in one or two days’ time for just a few hundred dollars.

2. Put some new hardware on the kitchen cabinets.

After you’ve brightened up the kitchen with some new paint, throw on some brushed nickel cabinet door hardware. For example, some new hardware with the new white paint in the backdrop will make the kitchen pop. Buyers’ eyes may be drawn away from the older counter tops or appliances. And, given that the cabinets are at or just above eye level, the hardware may be the first thing they notice in the kitchen.  You can buy new hardware for just a few dollars and install them yourself

3. Re-grout or clean the bathroom tile and grout.

Bathrooms should be sanitary places and a new buyer wants to feel comfortable with their new bathroom. Nothing is more of a turn off than a bathroom where the grout is dirty or moldy or full of soap scum. At a minimum, spend an hour with a toothbrush and some bleach and scrub that grout. This is something you can do on your own in just a half a day.  This will make the bathroom pop, giving a new, clean feeling to this important room

There may be other, more important projects for which you’ve budgeted. In many cases, your real estate agent has suggested painting some of the rooms a more neutral color or spending some money on storage for excess furniture. Staging and home preparation are unique for every home. But, given the focus buyers always put on kitchens and bathrooms, these three tips should be seriously considered as you prepare to go on the market.”

Once all of these fixes have been completed and your home is on its way to being SOLD, reward yourself by heading on over to Magnolia Homes’ newest and highly sought after community of Village Park!  Incredible new homes await you featuring a multitude of customized floor plans and luxury amenities to fit your every need!  There is even a sparking swimming pool and nearby Johnson Park to quench your thirst for the great outdoors!  Visit our website today at www.YourMagnoliaHome.com to learn more before you arrive for your private tour!

*See more at http://www.zillow.com/blog/2012-02-17/top-3-quick-kitchen-bath-fixes-for-listing-a-home/

Don’t wait until the spring to purchase your new home!!!

Posted on: February 9th, 2012 by admin

The spring season usually brings an increase in buying and selling to the real estate market, and housing experts are mostly optimistic that this spring will be even better than recent years.

Some signs are already there: Housing inventories are declining, housing affordability is at record highs, mortgage rates are at all-time lows, and the job market is improving.

Existing-home sales have been edging up in recent months, and for-sale housing inventories were at nearly 2.4 million units in December, reaching its lowest point since 2005, according to National Association of REALTORS® data.

NAR’s Chief Economist Lawrence Yun says home prices are beginning to stabilize in many markets.

Also, NAR’s Housing Affordability Index is at its highest level since the 1970s, which indicates that for the average family housing is very affordable.

The National Association of Home Builders is also predicting an improvement this spring among the new-home sector. NAHB is predicting that home sales will increase 18 percent this year, that’s after facing their lowest on record in 2011.

“The signals are a little hard to extrapolate, but ultimately by the end of this year we should see the housing market on more solid footing,” says Celia Chen, senior housing economist with Moody’s Analytics.

Magnolia Home’s Village Park has been buzzing with activity and sales and currently there are three homes available under construction!  The Savannah I will be completed in the next couple of weeks, while the Dogwood I and Kensington I will be finished in March!!  These beautiful homes range from $374,999 – $424,999.  As the article above shows, these homes will not be available long, so come by today for your personal visit!  Select home sites are also still available for you to build your brand new Magnolia Home just the way you like it!  Don’t wait until spring is here and your favorite Magnolia Home or home site in Village Park is sold to another wise homeowner!  Visit our website at www.YourMagnoliaHome.com to view plans, community amenities, tours, and more!!

Your Plans for 2012

Posted on: January 30th, 2012 by admin

When it comes to your plans for 2012. What are the first things that come to mind?  Is there a looming anniversary,graduations, or big change this year?  If you are like many homeowners 2012 will be the year they finally move into an brand new home. Though the market has been unsteady in recent years, real estate analysts suggest that 2012 may be a landmark year for the real estate market.

You’ve always believed that careful planning and wise choices were important, and you were right.  So make the right choice, and buy your brand new Magnolia Home in 2012.

Are you SURE you want to buy a foreclosure??

Posted on: January 18th, 2012 by admin

*Continue to read the following article by a professional and you may be rethinking that decision and heading over to Magnolia Homes brand NEW homes in Village Park conveniently located in the heart of Collierville, TN!

-“Why are you looking for a foreclosure? Of the buyers who contact our firm and profess an interest in buying a home, probably half mention the F-word (foreclosure) as a preference. If a foreclosure sounds sexy to purchase, it isn’t. Trust me.

I do understand that the idea of buying a foreclosure suggests that you got some great deal below market value. However, those who buy foreclosures in this day and age seldom get what we might consider a steal. A home purchased $100,000 below what you might call “fair market value” probably needs about that much in repairs. I can show you the closing data on many of those advertised so-called bargains which may have been priced low, but were in fact bid up tens of thousands of dollars.

And that mythical friend of a friend who bought a $700,000 mint-condition foreclosure for $200,000? Never met the guy.

Bank -owned homes come with some risk. For one thing, the owner or builder won’t be there to show you how to get the furnace going or how they prepare the central air unit for the winter. As a matter of fact, the prior owner may have taken some appliances and copper piping with them! The bank won’t make any repairs, and won’t sign a contract with a buyer unless the buyer agrees to close on the home “as is.” Once the bank takes possession, they secure and winterize the house, essentially hibernating all the systems and exposing the interior to extreme temperatures and only perfunctory maintenance. Most are in rough shape by the time they hit the market- structural damage, missing pipes, you name it. And unknown expenses after a closing can hurt the wallet.

Contrast that with a home being sold by the current owner [or a builder!] They have everything running as a matter of practicality- they live there [or do business there!] They know where everything is, how it all works, and in most of the transactions I have closed, will hand off the warranties, list of utilities and service providers they use so the new owner can pick up the ball from there. There is little that is “unknown.”

While I am certainly not saying you shouldn’t buy a foreclosure, what I am saying is that you are buying a home. A home is where you live, sleep eat and spend time with loved ones. You should know what you are getting into. Foreclosures are not for everyone, and getting educated about the risks and likely expenses is crucial before committing to the largest transaction of your life.”

Doesn’t this make you want to run over to your nearest Magnolia Homes model and purchase your brand new home with energy efficient features throughout, hardwood floors, a 10 year PWC warranty, and all new luxury amenities featured in each home?  Visit today on our website at www.YourMagnoliaHome.com or at 1233 Carmony Street Collierville, TN 38017 at the corner or Shelton and Byhalia!

*Article can be seen at the following location:  http://ossining.patch.com/blog_posts/are-you-sure-you-want-to-buy-a-foreclosure

New Year, New Home!!

Posted on: January 13th, 2012 by admin

The American dream of homeownership is a very feasible aspiration for 2012.

There are many benefits of owning a home.  Yet some first-time buyers are skeptical of purchasing with the uncertainty surrounding the housing market.

However, there are some factors we can be certain about in this housing market such as home values rebounding.  This is true; the housing market often moves in cycles.

It’s safe to assume that many Americans harbored the same uncertainty during the George H. W. Bush administration in the early 1990s when the national homeownership rate fell from its previous historic high of 64.4 percent in 1980 to a low of 64.1 percent in 1991.

In the 1960s Lyndon Johnson illustrated a correlation between homeownership and accountability by stating “owning a home can increase responsibility and stake out a man’s place in his community…The man who owns a home has something to be proud of and reason to protect and preserve it.”

This statement is still true more than 50 years later.  There are many reasons to take pride in homeownership such as:

  • Appreciation – Buying a home now (at the current rates) can almost ensure your home’s appreciation in the future.  Mortgage rates are near historic lows and home prices in many parts of the country are down.  This is the perfect recipe for home appreciation.
  • Property Tax Deductions – For income tax purposes, real estate property taxes for a vacation home and first home are fully deductible.
  • Preferential Tax Treatment – If you own your home for more than a year and receive more profit than the allowable exclusion after the sale of your home, the profit will be considered a capital asset.  Capital assets are given preferential tax treatment.
  • Equity Building – Many factors such as credit qualification, loan flexibility, and annual percentage rate (APR) contribute to the final decision of what type of mortgage loan best fits your goals.  Yet, a new trend being used by some homeowners is to actually add money to their monthly payment to decrease the principal balance of their loans at a much faster pace.  This trend is called equity building.  It helps you to:
  • Pay off the principal balance faster
  • Lock in near-record-low interest rates
  • Shorten the length of their home loan
  • Own their home faster
  • Pay substantially less mortgage interest
  • Pride – No matter who you are, homeownership is a purchase, commitment, and journey that’s sure to bring you pride.

Furthermore, when the uncertainty surrounding the housing market fades and the market rebounds, homeownership may in fact transform that pride to profit through a home sale.

Stop by our furnished Magnolia Home at 1233 Carmony Street in Village Park of Collierville today to see what an incredible opportunity this community holds for you and your family in 2012!!!

Read more: http://www.quickenloans.com/blog/top-5-reasons-buy-home-2012#ixzz1jH8CYU8h

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