Monday, May 26, 2008

MEMPHIS HOMES - RENT vs PURCHASE

I'm moving to Memphis and not sure if I should rent or purchase a Memphis Home, as I only plan to be there for about three years. We hear this allot from our clients. We usually give them some rental leads and information to help them make a good decision for their family. Of course the answer is to purchase, but that is a decision they will have to weigh out in their own minds.

The person that benefits from the rental is the landlord...that is why they purchased property as an investment in the first place. Renters never see their rent money again, while homeowners, in worst case scenario may break even in three years. Additionally, renters can not use their rent payments as a tax deduction, and if you ask, you would find out that the mortgage interest tax deduction is one of the very best deductions that exists for homeowners. This deduction is also the single best financial argument for buying rather than renting. Check out this example..:

If you can afford a mortgage or rental for $1200 a month (this would be principle and interest only for a homeowner), then if your credit is in proper order, you can purchase a home valued at up to $200,000 and put down 10% on a 30 year mortgage at a rate of 7% (current rates are as much as one percent less that this). In the first twelve months of a fiscal year starting in January, you would have paid in approximately $11,300 in interest which is entirely deductable for tax purposes. If you are in the 27.5% tax bracket, then you would save $3107 in taxes, or $259 per month. Effectively, this would make your monthly payment actually equal to $941 per month. Additonal expenses on your note would be property taxes....and guess what....they are tax deductable as well.

So the question is not "Can a renter afford to purchase?" The question is can a renter afford NOT to Purchase.
For answers to more questions, please visit http://www.BluffCityRealEstate.com .

Friday, May 23, 2008

MEMPHIS MEMORIAL DAY 2008

It's already close to 90 degrees in Memphis. Yes, summertime is almost here and things are heating up. This is Memorial Day Weekend and along with BBQ and Swimming pools, you will find American Flags everywhere. We are a patriotic group here in Memphis and proud to be Free in our glorious country today. Enjoy your holiday weekend and BBQ if you are lucky enough to be having the ribs or pork shoulder and during all the festivities of welcoming summer, Don't forget our troops who are fighting for our freedom and the American Way of Life. Also, our Veterans, who are home....go out of your way to say thank you and if they are in need...invite them into your Memphis homes to enjoy part of your celebration for Memorial Day in Memphis 2008.

Wednesday, May 21, 2008

REAL ESTATE FOR SALE IN MEMPHIS TENNESSEE

One of the most beautiful areas with Homes for Sale in Memphis is "old" East Memphis. Here you can find wonderful homes..some of which have already been renovated and some homes ready for someone to come take care of renovation to their particular needs. One such home located at 1340 Pebble Creek, situated on a half acre corner lot, is waiting for the buyer who wants the prestige of this fabulous home and location. To learn more about this opportunity, please visit our featured listings page today.

Monday, May 19, 2008

HOMES FOR SALE IN MEMPHIS TENNESSEE

Homes for sale in Memphis Tennessee are in abundance now and rates are low. There is no doubt that it is a buyer's market. Negotiating is tougher on the sellers and Memphis homes for sale need to be in tip top condition so as to beat their competition in getting sold.
Here is an example of tip top condition....1352 Winfield, Memphis, 38116. This 3 bedroom ..one and a half bath...home is ready to move in........ includes...range, dishwasher, refridgerater. New carpets, new vinyl floor in kitchen, newly refinished kitchen cabinets. Security doors, storm windows, fenced yard, private patio.....
Visit our featured listings page to learn more.

Sunday, May 18, 2008

BARTLETT TN HOME FOR SALE

Bartlett Home for Sale and ready to move in...already inspected and all repairs completed. This home has a great location for schools and commuting to Memphis or NAS. For additional information about this great home, please visit our featured listings page.

Saturday, May 17, 2008

ARLINGTON TENNESSEE REAL ESTATE FOR SALE

Arlington Tennessee home for sale in excellent move-in condition. Corner lot with private fenced yard. Professional landscaping with expanded patio. Upgraded light fixtures and counter tops, tile flooring, pergo in den. Bonus room finished upstairs. Learn more about this home on our featured listings page.

Friday, May 16, 2008

HOMES IN COLLIERVILLE TENNESSEE

Homes in Collierville Tennessee available immediately. Elegant zero-lot home in Historic Collierville Tennessee. Enjoy a wrap around porch, granite and stainless steel appliances. Professionally landscaped and much much more. Learn more about this home, visit our Featured Listings page.

HOUSES FOR SALE IN MEMPHIS

Houses for sale in Memphis are in great abundance creating a "buyer's market". The home at 1195 Wellsville is a great buy and includes all the appliances; washer, dryer, dishwasher, refrigerator, gas stove, and microwave. This house for sale in Memphis also has fresh interior paint. For more details, visit our featured listings page.

Thursday, May 15, 2008

MEMPHIS AREA REAL ESTATE FOR SALE

Memphis area real estate and homes for sale. Now available at a reduced price is this fine home on Stable Run Drive just on the outskirts of the city limits of Memphis TN. Please visit our featured listings on our web site to learn all about this home. The owners have been transferred and will miss this move-in ready home in the Memphis area.