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Our mission at The Melissa Thompson Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

The Impact of Homeownership on Civic Involvement

The National Association of Realtors recently released a study titled 'Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:
“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”
Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the civic participation of family members. Here are some of the major findings on this issue revealed in the report:
  • Homeowners have a much greater financial stake in their neighborhoods than renters. With the median national home price in 2015 at $223,900, even a 5% decline in home values will translate into a loss of more than $11,195 for a typical homeowner.
  • Because owners tend to remain in their homes longer, they add a degree of stability to their neighborhood.
  • Homeowners also reap the financial gains of any appreciation in the value of their home, so they also tend to spend more time and money maintaining their residence, which also contributes to the overall quality of the surrounding community.
  • Homeowners were found to be more politically active than renters with 77% of homeowners saying they had at some point voted in local elections compared with 52% of renters.
  • There seems to be a greater awareness of the political process among homeowners. About 38% of homeowners knew the name of their local school board representative, compared with only 20% of renters.
  • There is a higher incidence of membership in voluntary organizations and church attendance among homeowners.
  • Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors.
  • Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.

Bottom Line

People often talk about the financial benefits of homeownership. As we can see, there are also social benefits of owning your own home. Let the Melissa Thompson Team assist you in your dreams for homeownership! Learn more about buying Memphis Real Estate at YourKeyToMemphis.com. 901.729.9526 or Melissa@YourKeyToMemphis.com.

What Can You Expect When Hiring a Home Inspector?

If you’ve hired a home inspector to inspect the house you’re going to buy, here’s what you can expect from them.

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Once you’re under contract for a home and you’ve hired a home inspector to do an inspection, what can you expect from them? What does a home inspector do, exactly?

During their inspection, inspectors aren’t looking for cosmetic concerns like whether or not to repaint the bathroom or whether the wallpaper should come off. Instead, they’re looking for things of importance like heating, electrical, cooking, and other systems vital to the integrity of the house.


Inspectors are looking for what’s important—not any cosmetic flaws.

After they’re done inspecting those items, they’ll give you a report on the house. As the buyer, this report goes to you only. It doesn’t go to the seller unless their agent requests it. After you receive this report, it’s up to you to look through it, see what’s important to you, and negotiate with the seller going forward. 

If you have any questions about this topic or are looking to buy or sell a home in our market, please feel free to give me a call or shoot me an email. I’d be happy to speak with you!

101 Things To Do In Memphis #53: Sweet Grass Restaurant

With a seasonal menu and a focus on locally grown produce, the menu is never quite the same each evening at Sweet Grass, but one can always count on an artful combination of Low Country cooking combined with an overall farm-to-table Southern flair, signature cocktails & weekend brunch served in an intimate bistro.

The menu consists of small, medium, and large plates — to suit your large appetite or set up perfectly for sharing. Make sure to order the fried green tomato BLT sandwich, a Southern staple turned into an innovative and memorable treat. But their signature Badass Nachos are something truly delightful and will leave you craving them come every game day. And when it comes time for brunch, head back here for some of the best French toast you’ll ever experience.

The ambiance is upscale casual, making for an elegant meal well within any price range. An airy, open dining room has a small bar area and a very small waiting area, so you can always pop next door to Next Door, also co-owned by Chef Trimm, to wait in comfort for a table if there's no spot available at the bar. Outdoor seating is ready for diners on those warm summer days.

Next Door is the casual sister to Sweet Grass. The perfect place to grab a drink after work, catch the game, or have a Friday night dinner where you don’t need a reservation (in fact, they don’t take them!). Offering a local and craft beer menu and premier bourbon selections.

Reservations are offered, so call ahead to lock down your table. Dining out isn't your only option here — pickup is available, too. Call 901.278.0278 or visit the website for more delicious information!

Closed Monday
Open Tuesday to Sunday: 5.30 until
Sunday brunch: 10a - 2p

937 S Cooper St
Memphis, TN  38104


By and photo credit: sweetgrassmemphis.com