Blog

Blog Category - Uncategorized

The Homebuyer’s Glossary

Categories: Uncategorized | Posted: March 29, 2017

AMENITY:  A feature of the home or property that serves as a benefit to the buyer but that is not necessary to its use; may be natural (like location, woods, water) or man-made (like a gate or garden).

APPRAISAL: A document that gives an estimate of a property’s fair market value; an appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property.

BUDGET:  A detailed record of all income earned and spent during a specific period of time.

CLOSING: This is the time at which the property is formally sold and transferred from the seller to the buyer; it is at this time that the borrower takes on the loan obligation, pays all closing costs, and receives title from the seller.

CLOSING COSTS: Customary costs above and beyond the sale price of the property that must be paid to cover the transfer of ownership at closing; these costs generally vary by location.

DESIGN CENTER: Place to customize & choose all selections of your home; you will be accompanied by one of our Design Consultants during your appointment.

DOWN PAYMENT: The portion of a home’s purchase price that is paid in up front & is not part of the mortgage loan.

EQUITY: An owner’s financial interest in a property; calculated by subtracting the amount still owed on the mortgage loon(s) from the fair market value of the property.

ESCROW ACCOUNT: A separate account into which the lender puts a portion of each monthly mortgage payment; an escrow account provides the funds needed for such expenses as property taxes, homeowners insurance, mortgage insurance, etc.

HOME INSPECTION: An examination of the structure and mechanical systems to determine a home’s safety; makes the potential homebuyer aware of any repairs that may be needed.

LOAN: Money borrowed that is usually repaid with interest. 

MORTGAGE: A lien on the property that secures the Promise to repay a loan.

PRE-APPROVE: Lender commits to lend to a potential borrower; commitment remains as long as the borrower still meets the qualification requirements at the time of purchase.

REAL ESTATE AGENT:  An individual who is licensed to negotiate and arrange real estate sales; works for a real estate broker.

What to Avoid During your Homebuilding Process

Categories: Uncategorized | Posted: March 22, 2017

If you have been approved for a mortgage for your new Regency home, you might be assuming you can breathe easy and concentrate on moving into your dream home.  Although most of your hard work of building a good credit score and saving for a down payment is behind you, it’s important to remember that you must take care of your credit score until your mortgage paperwork is completely signed and your home has closed.


Avoid these 8 actions to ensure a smooth settlement into your new Regency home!


1. Don’t apply for a new Credit Card.

It may seem like a good idea to apply for a credit card at a home improvement store or a furniture store, but this could lower your credit score.  If you do get approved for a new credit card, a lender may become concerned that you will spend up to your new credit limited and then default on your loan.

2. Don’t buy a new car.

Although a new car in your driveway would be a nice addition to your new Regency home, it is best to wait until after you close to buy a new car.  The depletion of your savings account or addition of new debt could derail your mortgage application.

3. Avoid changing jobs

In order to get approved for a loan, your lender needs to verify employment, and you will need pay stubs in order to prove this.  If you do change jobs, this could delay your settlement since the lender has no way of verifying your income.  Sometimes life can be unpredictable, but avoid changing jobs if possible!

4. Don’t furnish the home before you own it

We know you have your favorite couch picked out already, but avoid putting large purchases on your credit card.  This will effect your credit score and could potentially mess up your loan application.

5. Don’t close any Credit accounts

It makes sense to clean up your finances by closing unused credit cards and transferring your debt to a new credit card with a zero-interest balance transfer offer.  However, this is bad for your credit score, because you lose points on your credit score when you have a higher usage of debt compared to your limit on one credit care and overall credit availability.

6. Don’t get behind on payments

One of the most important aspects of your credit score is making on-time, in-full payments, so don’t get too caught up in your new home that you forget to pay your bills!

7. Don’t move money without a paper trail

Your lender will need the most recent bank statements before closing, so if you have any unusual deposits you will need to provide complete documentation of where the money came from.  Tip: Move the cash you will need for your home purchase into one account before you apply for a mortgage.  If you haven’t done so, make sure you have complete and accurate records available.

8. Don’t spend your savings

You will need cash on hand for your down payments and closing costs, and your lender may even verify your cash reserves one more time, so make sure your funds stay in place.

Final thought: Remember the phrase “nothing has changed.”  Your lender will recheck your credit score just prior to your closing date, so it is extremely important you make sure that your credit score has not changed. If you have any questions, ask your agent so you can turn your dream of homeownership into a reality!

“Taste of Collierville” Menu

Categories: Uncategorized | Posted: March 9, 2017

 

Pharm 2 Fork

Salmon Patty w/ Remoulade

Black Pea Humus on House Baked Pita

Jim’s Place Grille

Souflima

Charcoal grilled prime pork tinderloin w/ lemon-oregano marinade

Phyllo Pasty Puffs

Feta Cheese Blend or Spinach Blend

Spring Creek Ranch

Sausage & Cheese Skewers

Chicken & Waffles Bites

Skybox Grill

Brat Sliders

Chicken Salad Cups

Cafe Piazza

Antipasto Display

Omni Bistro featuring City Hall Cheesecake

Different Flavors of Cheesecake

SmallCakes

Different Flavors of Mini Cupcakes

Drew Erwin {Fleming Ridge Grand Opening}

Categories: Uncategorized | Posted: March 8, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drew Erwin: an up-and-coming singer/songwriter from Memphis, Tennessee. He was voted the YouTube Audition winner for America’s Got Talent on Season 7.  He has shared the stage with Kelly Clarkson, Cody Simpson, and many other popular bands and is also working on an EP that will be released in the fall of 2017!  

For the grand opening of our Fleming Ridge Designer model, Drew Erwin will be performing acoustic covers of your favorite songs from 4:00-7:00 PM.  Songs like “Thinking Out Loud” by Ed Sheeran and “Take Me to Church” by Hozier are some of the songs you will get to hear by the talented musician.  Join us on the outdoor living area to enjoy great appetizers and good music on March 18th!

 

Check him out on social media:

 

 

 

{Collierville, Tennessee} Fleming Ridge Grand Opening

Categories: Uncategorized | Posted: March 3, 2017

Visit our Designer Models!

Categories: Uncategorized | Posted: December 16, 2016

model

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here’s a list of all our Designer Models:

BARTLETT:

Windsor Park Bartlett |  3430 Ballard Cove Bartlett, TN 38133  (Address for GPS – Bostick Road, Memphis, TN 38133)

Walker Farms |  4997 Farmland Way  Bartlett, TN 38002

CORDOVA:

Grays Hollow | 9654 Grays Meadow Cove  Cordova, TN 38018

Fountain Brook | 2147  N. Forest Hill Irene Road  Cordova, TN 38016

COLLIERVILLE:

Rolling Meadows | 304 Majestic Trail  Collierville, TN 38017

GERMANTOWN:

Somerset | 1692 Exeter Road Germantown, TN 38138

MEMPHIS:

Stone Creek | 5191 Silver Peak Lane Memphis, TN 38125

OAKLAND:

Cross Creek | 40 Cross Creek Drive  Oakland, TN 38060

Gardens of Hidden Springs | 25 Gardens Springs Drive  Oakland, TN 38060

OLIVE BRANCH:

College Crossing | 4255 Dockery Drive Olive Branch, MS 38654

Laurel Brook | 13129 Cades Lane Olive Branch, MS 38654

South Branch | 5008 Braham Drive Olive Branch, MS 38654

Stonecrest of Mississippi | 5036 Stonecrest Drive Olive Branch, MS 38654

PIPERTON:

Shaw’s Creek Reserve | 25 Dufftown Cove Piperton, TN 38066

SOUTHAVEN:

Snowden Grove | 5023 Savannah Pkwy Southaven, MS 38672

Christmas Mantle Inspiration

Categories: Uncategorized | Posted: December 13, 2016


christmas-mantle

slkvglwerkg

dotted-line

 

shopping-list

 

 

 

DCIM101MEDIADJI_0442.JPG

 

Christmas Trees | Walmart

Garland | Walmart

Stockings | Home Goods

Blanket | Home Goods

Wooden Crate | Home Goods

Pillow | Target

Reindeer | At Home

Banner | Download here

 

ljewf

giphy-1

DCIM101MEDIADJI_0472.JPG

DCIM101MEDIADJI_0469.JPG

 

DCIM101MEDIADJI_0471.JPG

DCIM101MEDIADJI_0470.JPG

DCIM101MEDIADJI_0473.JPG

christmas-1

dotted-line

win

DCIM101MEDIADJI_0485.JPG

Top 6 Regency Dining Rooms

Categories: Uncategorized | Posted: November 22, 2016

tg-dining-all-in-one-2

Thanksgiving Tablescape Inspiration

Categories: Uncategorized | Posted: November 18, 2016
  • With Thanksgiving right around the corner, Regency Homebuilders wanted to give you some ideas for the perfect Thanksgiving tablescape.  From our family to yours, we hope you have an amazing Thanksgiving!

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DCIM100MEDIADJI_0011.JPG

DCIM100MEDIADJI_0010.JPG

img_27071


DCIM100MEDIADJI_0008.JPG

img_2719-copy


Here’s how you can recreate the look
:

Different sized pumpkins – Local grocery store

Leaves

Valspar Metallic Spray Paint – Michaels

Coasters – Michaels

“I am Thankful” Print Out (click to download)

Candles – Dollar Tree

Decorative Greenery – Home Goods

Wooden Planter Box

Table Runner – Pottery Barn

Gold Candle Holders – Michaels

Napkins – Home Goods

Charger & Plates – Bella Vita

Step-by-step tutorial:

 

 

 

 

5 Ideas for the Perfect Thanksgiving Centerpiece

Categories: Uncategorized | Posted: November 14, 2016

1

 

 

2

Credit & DIY project details: bit.ly/2eTPfux

3

Credit & DIY project details: bit.ly/2d441So

4

Credit & DIY project details: bit.ly/1nUe5IF

5

Credit & DIY project details: bit.ly/2f9Ug2X

6

Credit & DIY project details: bit.ly/2eY90ED