In most cases I would suggest you do the quick appeal process on the back of the form the Assessor sent you. The Assessor's site can also provide comparable sales information, but if you would like a quick market analysis, contact me and we can discuss your appeal options and saleability market valuation.
A number of my Central Gardens neighbors saw dramatic increases, but 30% seems way out there, unless you were extremely undervalued in the first place.... more
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Ali, Trulia Voices Community Manager... more
I got several investment properties in that area, Value is placed upon your investment strategy (buy & hold or fix & flip) but I have my properties insured at $52 a sqt ft. They are cash flow properties for me.... more
This is too vague of a question and a Realtor or an appraiser would have to evaluate just what the comps are. Too many times folks take for granted that just because a house is in the neighborhood -it's a comparable. So far from the truth. Plus many Real Estate sites do not furnish good, up to date, reliable data.... more
You didn't provide an address or anything to identify the property. If you want some information, you can contact me with the information and I'll try to get you the answer or information you would like.
Michael Bellaire, Broker, ABR
A Crye-Leike Realtor
This is not an easy question to answer because it will depend on many factors including the condition of the house and the upkeep in the neighborhood. But as a general estimate, I would say between $400-550.... more
An agent can give a pretty acurate idea of how long an home was on the market. The Multiple Listing Service or MLS states list date and can tell if the property was listed previously. Seek a local agent and have them research the property you are looking for.
As long as you qualify for a loan, then there is no reason why you can not. Hau the two steps you need to take is to first meet with a local and trusted mortgage company, you can get prequalified at no cost to you. If you do get preapproved then your nest step is to find a buyer borker in the Memphis area that can assist you with finding a property. . You can usually hire a buyer broker at no cost to you, they get paid the amount listed in MLS by the listing agent at closing. They can also provide you with assistance through each step of the buying process. Good luck with your search.... more
It would only be a negative if you want to sell your home right now. You would be competing with a newer home (new roof, new carpet, new hot water heater, etc) and probably builder/developer's incentives. With a new subdivision, you always want all construction to be completed. Then everyone is on a level playing field. Also, with vacant lots, it give a bad appearance (like a missing tooth in a wide smile).
I would first find out who owns the lots. Contact them and see what their plans are. If you swing it, buy the lot, keep up the maintenance and when the market turns........make you some money!! The market will turn, it always has - just keep your eyes peeled.
In general Midtown/Cooper Young stays pretty level, and rents vary quite a bit based on location and property condition. The key is getting familiar with your desired area, and having a fairly good idea what different types of properties rent for. Midtown is not a cookie cutter neighborhood, homes vary in type, value and conditon. I live in Midtown and specialize in the Midtown neighborhoods. I highly recommend an overview before signing a lease or contract.... more
It depends on what area of town you are talking about. Does it have central heat and air, a carport or garage, a front yard and back yard, a fence. A $70K house in Frayser rents differently than one in Bartlett and one downtown versus midtown and so on. Also, is this from an individual or from a property management company - big difference, usually about 10%.