Commercial Real Estate in Memphis and our Galaxy

Celebrity real estate/Possible Lost spoiler inside

I’d hate to spoil the season finale, and possibly next season of Lost for you, so be warned.

It’s still cool guys.

One of the stars of Lost is selling his 4,335 square feet, 5 bedroom, 6 bathroom home in Maulukua Place, Haleiwa, HI for a cool $2,940,000. He’s asking for that, I don’t know what he’ll take.

I got the link to The Real Estalker from a Lost site I check out from time to time, The Tail Section.

Name and picture after the jump. Read more »

May 21, 2007 Posted by Will Hicks | Celebrity Real Estate | | No Comments

Edmund Ford buys his mortuary on the cheap. Allegedly.

Someday, I’ll be able to check the news without hearing about our own Kennedy-lite family. Here’s the real estate related Ford family news, whether you like it or not. Check out this news story, and then check out the (conspiracy?) theory about “the rest of the story”.

Your favorite mortician

From the Commercial Appeal:

Memphis City Councilman Edmund Ford may be able to keep his mortuary in its Whitehaven home after all.

His landlord, Dennis Churchwell, had threatened to auction off the 5.8-acre property on Elvis Presley because of its notoriety. It’s where Ford was allowed to rack up a five-digit Memphis Light, Gas and Water Division bill, touching off a scandal that led to the resignation of the utility’s president.

But after the live auction Saturday afternoon, the property’s only bid came from a lender of the Supreme Lending Group in Memphis, who offered Churchwell $750,000 to purchase the property on Ford’s behalf…

Read more »

May 21, 2007 Posted by Will Hicks | Commercial Real Estate, Foreclosures, Memphis, Memphis Politicians, Memphis Real Estate | | No Comments

The best show on TV about real estate…that’s not on TV.

I found out about Flipper Nation from my friends over at the Rain City Guide, a Seattle-centric real estate blog that shows us a little link love from time to time.

Flip this.

 Headlines show that the real estate market has hit its peak and it’s only a matter of time before the bubble bursts. The market seems to be saturated with wannabe real estate tycoons.

Let’s hope they have room for two more: Richie Tatum and David Kimball. They are way too late in the game Read more »

May 21, 2007 Posted by Will Hicks | Cool Blog o' the week, Residential Real Estate | | 2 Comments

Letter to the editor defending agent commissions published

The little letter to the editor I wrote last week was published in Friday’s Commercial Appeal. Here is the official version.

Real estate commission’s a bargain

The writer of your May 16 letter “Not the business of legislators” repeats the familiar cry: “Sell real estate by yourself and save thousands in commissions.” That would be great if it were true.

From July 2005 to June 2006, the median price of an agent-assisted home sale in Memphis was $212,000. The median price of a home sale by an unrepresented seller was $166,000. That’s a difference of $46,000. Figuring a good agent will cost you 7 percent of your $212,000 (about $15,000), you’re better off by $31,000 using an agent. Everyone wants to save money, but being a “do-it-yourself” real estate agent is no better than being a “do-it-yourself” lawyer or doctor.

Will Hicks

Memphis

May 21, 2007 Posted by Will Hicks | Commercial Real Estate, Memphis Real Estate, Residential Real Estate | | 2 Comments