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REAL ESTATE NEWS

October, 2017

Ken Stonebrook

RE Update

Wow…the local market for affordable homes continues to be pretty crazy! Homes in Collierville and Germantown under $300,000, and in East Memphis, Cordova, Lakeland, and Bartlett under $200,000, are in short supply. In Collierville, there are currently just 18 homes for sale under $300,000, and only 5 of these are under $250,000. In Germantown, there are 21 under $300,000, with only 2 of those under $250,000. Many new listings are attracting multiple offers the first day they hit the market. I have recently helped five buyers who were looking for homes in these price ranges, and in each case, we viewed the houses and submitted offers within hours after they hit the market. I am pleased to say that we secured contracts in each of these situations.

How did we do this? We did it by having the processes and systems in place to quickly identify new listings which meet our clients’ specifications, and by having clients who are pre-qualified and ready to act. We also structured our offers in a way that was attractive to each seller’s individual situation. We have set up searches to immediately notify us when new listings hit the market, and we take full advantage of systems such as Authentisign, which allows our clients to sign documents on their phone, tablet, or desktop, no matter where they are.

Today’s market requires a close partnership between Realtors and their clients. At Stonebrook Realtors, that is how we do business!

If you or someone you know is thinking about buying or selling, please let me know. I’d love to assist!

From a Recent Client —

“We’ve used Ken for several real estate transactions now and we couldn’t be happier. He has made the buying and selling processes easy and understandable. Ken went above and beyond, taking care of everything. Moving can be a stressful and time-consuming process, so having a professional automate the process and take care of all the details is well worth it. Thanks, Ken!"

-Cory & Charlotte Lowery

Three Generations

Here is an article about something that I have never written about before…my grandbaby! That’s right, on September 13th, Elijah Dalton Stonebrook came into this world weighing 6 lbs, 11 ounces, and I became a grandpa. Proud parents are Jordan and Savannah, and prouder grandparents are Karen & Ken! Here is a photo of three generations of Stonebrook boys.

STONEBROOK

1011 W. Poplar, Suite 8
Collierville TN 38017
901 413-2970 Ken cell
901 850-4044 office
901 592-0929 eFax

ken@stonebrookrealtors.com

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About Ken

A Fair Tradition

My daughter, Stacia, recently finished her ten year career competing in many Youth Talent Competitions at Fairs in TN and MS. Over the years, she has performed beautifully, laughed a lot, and even cried a little. She has provided us with many special Fair memories while earning ribbons, trophies, and some cash. One of our special father-daughter traditions was to eat a turkey leg together. Here’s a pic of us enjoying one last turkey leg following her recent performance at the Knoxville Fair. Even though she is too old to compete anymore, we may have to keep the turkey leg tradition going!

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MORTGAGE RATE UPDATE

30-year fixed rate 3.875%
15-year fixed rate 3.25%
UP 1/8 since 9/7/17

(Rates provided by Patriot Mortgage on 10/4/17.)

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J.T. Live

My daughter recently volunteered at the Pilgrimage Festival in Franklin, TN. The highlight of the weekend was watching Justin Timberlake perform on Saturday night. As you can tell from the photo, Stacia was almost on-stage with JT!

COMING SOON

GORGEOUS SETTING

SOLD

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COMPLETELY UPDATED 3 BEDROOM, 2 BATH BUNGALOW in the Highland/Central area near U of M. Extras include iron gates, painted brick, granite counters, stainless appliances, wood floors, newer roof and HVAC, & fenced yard with large detached garage/workshop.

RARE OPPORTUNITY TO LIVE IN THE WOODS...ONE OF COLLIERVILLE'S CLASSIEST NEIGHBORHOODS. UPDATED KITCHEN & BATHS, HARDWOOD UP & DOWN, 4 BRs, PLAYROOM, OFFICE & SUNROOM. KITCHEN INCLUDES GRANITE, STAINLESS, TILED BACKSPLASH, UNDER CABINET LIGHING & 2 PANTRIES. LOTS OF WOOD FLOORS UP & DOWN. 

1011 fAIR OAKS — $350,000

AWESOME GERMANTOWN HOME…GORGEOUS NEIGHBORHOOD …HEATED POOL...THIS IS IT! TONS OF SPACE AND GORGEOUS BACKYARD. UPDATED KITCHEN WITH GRANITE, STAINLESS, GAS COOKING, PAINTED CABINETS & MORE. PRIVATE MASTER OR GUEST-SUITE DOWN, 4 BRs + 2 BONUS ROOMS UP..  REAR STAIRS LEAD TO HUGE BONUS ROOM OVERLOOKING POOL.

2268 LANSINGWOOD — $419,000

CONTRACT PENDING

CONTRACT PENDING

CONTRACT PENDING

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CORDOVA-SPACIOUS 4 BR, 3 1/2 BATH HOME WITH UPDATED KITCHEN & EXPANDABLE AREA UP. OPEN FLOORPAN WITH 3 BEDROOMS DOWN. UPDATED KITCHEN INCLUDES NEW TILE FLOOR, SOLID-SURFACE COUNTERS, TILED BACKSPLASH, & PAINTED CABINETS. UPSTAIRS INCLUDES A LARGE PRIVATE SUITE PLUS A LARGE EXPANDABLE AREA.

1960 MAPLE CREEK — $169,900

AMAZING VALUE FOR THIS RIVER OAKS HOME...OVER 58OO +/- SF w/UPDATES THROUGHOUT. GUNITE POOL & HOT TUB, LARGE PORCH w/ELECTRIC SCREENS, 3 CAR GARAGE w/GAMEROOM/MAN-CAVE ABOVE, PRIVATEPOOL BATH, IRRIGATION, CIRCULAR DRIVE + MORE. UPDATED BATHS & KITCHEN w/GRANITE, STAINLESS, & 3 PANTRIES.

6258 SHADY GROVE — $699,900

HARD TO FIND SINGLE-STORY ONE-OWNER HOME IN A CLASSY COVE IN THE MEADOWS. 3 BEDROOMS AND 2 BATHS, + GREATROOM WITH PINE TRIM & 10' CEILING. LARGE KITCHEN & BREAKFAST AREA, PLUS A SEPARATE DINING ROOM WHICH COULD BE USED AS A KEEPING ROOM. YOU WILL LOVE THE OVERSIZED 28 FT WIDE SIDE-LOAD GARAGE & STORAGE ROOM.

845 Carmel Cove — $250,000