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Jennifer Carstensen's Blog

By Jennifer Carstensen | Agent in Memphis, TN
  • Purchasing a Short Sale Home

    Posted Under: Home Buying in Memphis  |  April 29, 2012 3:18 PM  |  112 views  |  No comments

    Buying a home after a short sale can be a daunting task for the uninitiated, particularly due to the fact that there is so much conflicting information out there. Internet resource websites offer a cacophony of advice which is sometimes not agreed upon by realtors. What is the impact of buying property on a short sale? How long does one have to wait before they qualify for a loan from Fannie Mae or other financial institutions which will allow them to purchase a house? What you need is expert advice and guidance from the top Realtors in Memphis.

     The Carstensen Team is a power real estate outfit that caters to the Memphis area. This includes Germantown, Bartlett, Collierville, Cordova, East Memphis, Midtown, Arlington, Lakeland, Harbor Town and Shelby County. Our award winning team means that we have the best information that will help you, as a buyer or seller, navigate the murky waters that have to do with buying real estate after a short sale. Foreclosure can be distressing thing, and we understand that after such an occurrence, you simply do not have the energy to sift through property related lingo. We have extensive listings available on our friendly website that clearly lays out the housing options within your reach. When you register with us, you'll have access to thousands of home listings and a personalized search option. We, the Carstensen Team are here to serve you.

     For more information, please visit us at www.justlistedhousesinmemphis.com

     

     

  • Buying a House After Foreclosure

    Posted Under: Home Buying in Memphis, Foreclosure in Memphis  |  April 24, 2012 2:35 PM  |  147 views  |  No comments

    Memphis homeowners who had the misfortune of going through the foreclosure process might be wondering if or when they can ever get another home loan. Although a foreclosure is a big hit to your credit rating, don't despair. You can still get a loan for a house in many cases. It just depends on your circumstances

    Of course, you will need to wait a certain amount of time after a foreclosure before approaching lenders for a real estate loan. However, the time might be a short as two to five years, depending on what factors led to the foreclosure. Lenders understand that sometimes homeowners face economic problems that are far beyond their control.

    If you lost your job due to hard times in the region and now have other employment, a lender will typically take that into account. A health crisis involving you or family member may have played a part in your foreclosure. If so, explain this situation to the lender. They realize unexpected medical issues can strike at any time and will factor this into their decision.

    So don't be shy about going after that loan and becoming a homeowner once again. And make sure you find good real estate advisors, such as the Cartensen team, to help you find that new home you deserve. For more information, please visit us at www.justlistedhousesinmemphis.com

  • MAAR Releases February Market Report

    Posted Under: Market Conditions in Memphis  |  March 10, 2012 7:40 AM  |  156 views  |  No comments

    Memphis-area home sales for February climbed 31.6 percent from a year ago, with 992 total sales recorded in the Memphis Area Association of Realtors MAARdata property records database. Total sales rose 14.3 percent from January. Average sales price year-over-year was down 14.2 percent at $100,788. Inventory was flat, at 6,873 units listed for sale. Sales volume YTD increased 9.2 percent to $197.5 million.


    “Not only did we see a huge jump in sales from this time a year ago, but we had a nice increase from the previous month,” said MAAR President Carol Lott. “There is more optimism out there then we’ve seen in a long time.”

    Source: Memphis Area Association of Realtors
  • MAAR Releases January Market Reports

    Posted Under: Market Conditions in Memphis  |  February 16, 2012 5:52 AM  |  164 views  |  No comments

    Memphis-area home sales for January rose 12.3 percent from a year ago, with 850 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales declined 5.3 percent from December. Average sales price year-over-year was down 7.1 percent at $113,270. Inventory dropped 5.1 percent from the previous month, with 6,828 units listed for sale. Sales volume year-over-year climbed 4.3 percent to $96.3 million.


    “It’s nice to see sales up more than 12 percent from this time last year,” said MAAR President Carol Lott. “Hopefully, there is some momentum beginning to build as buyers recognize the good opportunities out there.”

    Source: Memphis Area Association of Realtors

  • MAAR Releases December Market Report

    Posted Under: Market Conditions in Memphis  |  January 18, 2012 7:58 AM  |  241 views  |  No comments

    Memphis-area home sales for December fell 10 percent from a year ago, with 898 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales for all of 2011 dropped 8.4 percent from 2010, with 12,790 recorded sales. Average sales price year-over-year was down 7.1 percent and for all of 2011 was off 2.9 percent at $125,448. Inventory was down 6.2 percent from the previous month, with 7,194 units listed for sale. Sales volume from 2010 to 2011 fell 11.1 percent to $1.6 billion.


    “Obviously, the economy of the last year – unemployment continued to run high – had an impact on housing here and all across the country,” said MAAR President Carol Lott. “But the economy is starting to show some positive signs and that can only help consumer confidence.”

    Source: Memphis Area Association of Realtors
  • MAAR Releases November Market Report

    Posted Under: Market Conditions in Memphis  |  December 13, 2011 1:46 PM  |  349 views  |  No comments

    Memphis-area home sales for November jumped 28.4 percent from a year ago, with 1,076 total sales recorded in the Memphis Area Association of Realtors MAARdata property records database. Total sales rose 2.1 percent from October, when there were 1,054 sales.  Average sales price year-over-year was down 15.2 percent and year-to-date was also down 2.6 percent at $125,504. YTD total sales declined 8.3 percent. Inventory was down 4.7 percent from the previous month, with 7,673 units listed for sale. YTD sales volume fell 10.8 percent to $1.49 billion.



    “Sales in November of 2010 were really light, so that has something to do with the huge percentage increase in sales this November,” said MAAR President Leon Dickson. “But it is encouraging that the market was more active.”

    Source: Memphis Area Association of Realtors
  • MAAR Releases October Market Report

    Posted Under: Market Conditions in Memphis  |  November 22, 2011 7:47 AM  |  325 views  |  No comments
    Memphis-area home sales for October declined 2.9 percent from a year ago, with 1,054 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales fell 2.7 percent from September, when there were 1,083 sales.  Average sales price year-over-year was down 1.5 percent and year-to-date was also down 1.5 percent at $126,080. YTD total sales declined 10.9 percent. Inventory was down 2.3 percent from the previous month, with 8,053 units listed for sale. YTD sales volume fell 12.3 percent to $1.36 billion.



    “This October’s numbers really aren’t that different from a year ago,” said MAAR President Leon Dickson. “We’re behind year-to-date, but the economy hasn’t provided much help.”
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