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Memphis, TN Real Estate News

By David Saks, Broker / Industry Analyst
  What can be said about John Lennon that hasn't already been said.He was a great songwriter. He had a vision for the world.He was a Beatle.He tried to live a simple life in the wake of profound success.He was funny, charitable, modest, outspoken.He died 33 years ago."Imagine"For Your Morning MelodyEnjoy !-David- 
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By David Saks, Broker / Industry Analyst
Here's My Contribution For The Tired. Fatigued & Run-down Among Us. It's Music to Help You Pass Out ! Mantovani & "Misty" Hope You Wake Up Refreshed & Ready to Battle Your Buyers. Enjoy ! -David-
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By David Saks, Broker / Industry Analyst
                                                          #2280 An appraisal, the expert opinion by a professional appraiser, is performed at a particular date and time in order to rend an estimate of value of a piece of real estate. The appraisal is based on a detailed analysis of the many and varied features of a property. Is this fact considered to be true or false ? Please take your time. The solution is posted below the wildlife photo. A. True
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By David Saks, Broker / Industry Analyst
                                                        #2279 Anticipation is an appraisal theory that believes that value is something which is created by inflation. Is this fact true or false ? Take your time. The soultion is posted below the wildlife photo. A. False Anticipation is a principle of appraisal theory and practice which maintains that value will be created by the expectation of benefits to be received at some future time.
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By David Saks, Broker / Industry Analyst
                                                         #2278 Ammortization is the process of paying off a short term loan which will end with the payment of a final installment known as a balloon. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Amortization is the process of paying off a loan in gradual installment payments that include both interest on the loan amount and a portion of the principal amount of the loan.
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By David Saks, Broker / Industry Analyst
                                                     #2277 An alienation clause is an item or provision included in a security instrument whcih will allow a lender to sell a home in a short sale if the borrower defaults on the loan. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False An alientation clause will allow the lender to accelerate the loan if the borrower transfers or sells the property without the lender's approval.
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By David Saks, Broker / Industry Analyst
                                                               #2276 After someone has signed a document and formally declares to a public official, like a notary, that they have signed the document voluntarily and without any coercion, this is known as longanimity of a truthful attestation. Is this fact true or false ? Please take your time. The soultion is posted below the wildlife photo. A. False This is known as an acknowledgement.
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By David Saks, Broker / Industry Analyst
                                                       #2275 Deferred interest is the transfer of interest or ownership in a property from one party to another. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Alienation is the transfer of interest or ownership in a property from one party to another.    
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By David Saks, Broker / Industry Analyst
                                                      #2274 Expenses that have been applied but have not yet become due and payable, and seller's accrued expenses that are credited to the buyer at closing, are known as accrued items of expnese. Is this fact true or false ? Please remember to take your time. the solution is posted below the wildlife photo. A. True  
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By David Saks, Broker / Industry Analyst
                                                     #2273 A principle which is considered under appraisal guidelines that holds that value may be created by the expectation of benefit to received at some future point and time is known as the Principle of Anticipation. Is this fact considered to be true or false ? Remember to take your time. The solution is posted below the wildlife photo. A. True
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By David Saks, Broker / Industry Analyst
                                                         #2272 An item in an instrument used for the security of a home purchase that will allow the lender to declare the entire debt of the loan due and payabe immediately if the borrower defaults or breaches the agreement is known as the Principle of Anticipation. Is this fact true or false ? Please take your time. The soultion is posted below the wildlife photo. A. False The item used in the instrument for the security of the home purchase if the borrower defaults or breaches the loan is known as an acceleration clause.
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By David Saks, Broker / Industry Analyst
                                                     #2271 Acceleration is the process of declaring an entire loan balance due because a borrower defaulted on the loan or, if there is an alienation clause in the loan, the borrower sold the home without the lender's approval. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. True
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By David Saks, Broker / Industry Analyst
If selling homes is your bag then you've got a lot of weight to carry. If I wouldn't buy the product I'm asked to sell I wouldn't sell it. Why ? Because it's my choice. And an ethical choice. Know your seller. When a Seller Has Unreasonable Expectations About Price or Value Tell that seller to take a hike. In a polite way Especially if that seller is impervious to logic.
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By David Saks, Broker / Industry Analyst
Here's a dreamy sound that'll make you feel good all over. And go great with the croissant and bagel, too. Hollyridge Strings and the Beach Boys classic "God Only Knows" Have great week ahead ! -David-
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Isn't it amazing what fabulous talent we have among us ? Enjoy this gifted all-girl tribute band featuring the music of Led Zeppelin Zepparella & "When the Levee Breaks" Consider them for the next wedding or bar mitzvah party ! Enjoy ! -David-
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ActiveRain Summer 2013  Meetup in Memphis     It's Elvis Weekend !   Starbucks 1850 Union Ave Memphis, Tennessee   Sunday August 18, 2013 11:30AM till 1:00 PM   You'll receive 1,000 points for your attendance & For blogging about it ! Many thanks to Kerrie LaGuardia ActiveRain Community Manager  
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By David Saks, Broker / Industry Analyst
I wrote this for ActiveRain five and a half years ago. Thought you might enjoy it again.                                                                                                                                                         Could the blog be the "flog"? Many Real Estate Blogs are becoming on-line confessionals for heavily mortgaged investors, homeowners and agents tottering bankruptcy, foreclosure and financial ruin, facing quit-claim and court ordered dissolution of property from divorce proceedings or other litigation. Miles and miles of pseudo-intellectual banter, espoused in form through indiscriminate tongue-in-cheek contributors, most sounding like second year undergraduates, are taking up the cause, ideology, practice, and method of someone else and using it as t...
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By David Saks, Broker / Industry Analyst
Here are an additional ten areas for June. Slight declines in Lakeland. Average sales price year-over-year rose 9.9 percent at $161,508. Sales volume YTD increased 22.8% to $1.1 billion
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By David Saks, Broker / Industry Analyst
  Here are the first 11 areas. Northwest (Frayser) and Southeast (Parkway Village) Memphis still have issues. Average sales price year-over-year rose 9.9 percent at $161,508. Sales volume YTD increased 22.8% to $1.1 billion  
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