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Buyers Want Your Home for as Little as Possible.
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The Ultimate Compliment - From a Teenager
"We haven’t heard many compliments from our teenage son (whom shall remain nameless)since...well...he became a teenager..."
Perry and Judy
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Memphis, Arlington and Collierville Information:
About Memphis, Arlington and Collierville - Moving to Memphis, Arlington and Collierville, Tennessee? Get info here... School Reports - Reports for Memphis, Arlington and Collierville schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Memphis, Arlington and Collierville, in Shelby County TN. Go to Main Sitemap - Main sitemap sections include Find Memphis, Arlington and Collierville Homes, For Home Buyers, For Home Sellers, Memphis, Arlington and Collierville Information, Real Estate Resources, and About Melissa Hayes.
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Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.
The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.
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| Q |
What is a "jumbo mortgage"?
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| A |
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
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