Who says you can’t mix business and pleasure? When Realtors® Steven and Jo Payton go to work helping you achieve your real estate goals, they simply “keep it real.” They bring a charismatic approach and a genuine sense of humor combined with their business savvy, knowledge and expertise to make things happen for their clients. In fact, it’s their mission to make sure their clients get the most out of their important investment when buying or selling a home. As one of Memphis’ premier real estate teams, they take the extra measure to achieve a clear understanding of what matters most to their clients and then work with precision and focus towards achieving those goals. Call the team that has A Real Approach to Real Estate to make your next move a real success. Give Steven and Jo a call today! You’ll be glad you did.

Licensed Realtors in TN and MS
Licensed Loan Officers in TN and MS

-------------------- Ballroom Dancing Would you like to learn how to Cha-Cha, Rumba, Salsa, Foxtrot, or Waltz?  Give Steven and Jo a call or  e-mail us for Details.   ---------------------

How Will the Stimulus Package Affect The Housing Market—and You? This is a monumental piece of legislation that will directly affect the housing market. We want to share our insights on how we believe it will affect the market so that you can make informed buying and selling decisions.  Homebuyers: Part of the stimulus package gives first-time homebuyers who purchase in 2009 an $8,000 tax credit. "First-time homebuyer" is defined as someone who has not owned a home for the past three years.  Combined with the fact that foreclosure filings during January decreased 10% from December 2008 and that some sales in December of 2008 rose 6.5%, we will see prices at the lower end of the price spectrum stabilize. All the really great deals will be snapped up in the next month or two and we should see a price increase in December of 2009 as those who wait will rush to buy before the $8,000 credit is gone.     This will also help clean up some of the problem loans, short sales and foreclosures that have been a drag on home prices.    Three to six months from now we will see this start to move up to a little higher price range and by the end of the year, prices will stabilize in large mid-priced homes. High-end homes will be the last to stabilize sometime in 2010.    If you are thinking about buying, now is the time. Don't wait and end up wishing you had taken advantage of this opportunity.   Home sellers: If you are selling in the lower price ranges, you can expect to see increased activity and, if your home is reasonably priced, you will get it sold very close to that price.    If you are not at the low end of the market, and do not have to sell, my advice is to wait twelve to eighteen months, you will get a better price. If you have to sell now, price it right and get it sold now as we could still see a drop in value in the mid and high-end price ranges over the next 3 to 6 months.    If you want to talk further about the impact of this stimulus package, give us a call or drop us an email about your situation and we will give you our recommendation.  Also check back here on a regular basis for updates on what is happening in our real estate market.

 

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