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Before You Buy That Foreclosure... - 11/20/08 02:06 PM
Before You Buy That Foreclosure...by Pam SimpsonThe Kudzu Vine I came across an article the other day - Top 6 Mistakes of Foreclosure Home Buying - by Luke Mullins of U.S. News the other day. I thought it made some excellent points, especially about factoring in the costs of repairs to the purchase price. When I am representing a buyer who is considering a foreclosure, I like to take the price plus estimated repairs and compare to the recent solds in the area. Sometimes what seemed like a steal at first turns out to be not such a great deal. You have to go into the process being INFORMED. That (1 comments)
11 Tips to Sell Your Home Fast! - 11/19/08 03:36 PM
The following is a REBLOGof a post by James Wexler, Broker-Assoc. with Coldwell Banker in Scottsdale, AZ. If you know someone who is considering purchasing or selling a home around the Scottsdalearea, contact James first. You can read more of his very informative blog posts on his Wexzillablog site. All of these tips for selling your home are important. Tips #1 and #2 regarding first impressions, repairs/pre-inspection should be addressed BEFORE the For Sale sign goes in the yard. You may have gotten used to that squeaky door or stubborn drawer years ago, but buyers are looking at your home through a whole different (2 comments)
Desoto County Mississippi Home Decor Superstore - 11/18/08 02:41 PM
Desto County Mississippi Home Decor Superstoreby Pam SimpsonThe Kudzu Vine Southaven, MS in Desoto County is home to a terriffic home decor superstore. It is called House to Home.
House to Home is located at 8961 Hwy 51 N. just south of Stateline Road. It is owned by Mike and Julie Humphreys and opened for business on August 1, 2007. The variety and number of items in this store is mind-boggling. When you go, be prepared to spend a while strolling up and down the aisles. If you go through the whole store twice, you will find things the second time (1 comments)
NW Mississippi Foreclosure Market Report - Nov. 2008 - 11/14/08 03:17 PM
NW Mississippi Foreclosure Market Reportby Pam SimpsonThe Kudzu Vine Desoto CountyTate CountyPanola CountyMarshall County I gather foreclosure data on my market every week. This week (ending 11/14/08) there were 13 foreclosure homes placed on the market, 32 had price reductions and 16 went under contract. That price reduction number got my attention because it usually hovers around 12-15. Here is a chart that shows the Foreclosure Activity in the 4-county area from mid-March to present:
As you can see, it's been a WILD roller coaster ride. With as many price reductions as we had this week, I believe the Pending/Sold (3 comments)
Tate County MS Real Estate Market Report - October 2008 - 11/11/08 03:06 PM
Tate County MS Real Estate Market Report - October 2008by Pam SimpsonThe Kudzu Vine There were 14 residential properties sold in Tate County for the month of October with the average sale price of $118,589. The average days on the market (DOM) for these properties was 134 days. Here are the comparisons for last month and last year: Sept. 2008 12 Sold Avg. $118,244Oct. 2007 16 Sold Avg. $116,256 Here's how those 14 sold properties were spread throughout Tate County:
There are currently 178 Active Residential Listings in Tate County MS. Based on sales trends for the prior 6 months, (2 comments)
Hernando MS Real Estate Market Report - October 2008 - 11/11/08 02:47 PM
Hernando MS Real Estate Market Report - October 2008by Pam SimpsonThe Kudzu Vine Hernando MS saw 23 sold residential properties in October. The average sales price was $204,177 with an average days on market (DOM) of 134. Comparisons for last month and last year: September 2008 20 Sold Avg. $200,663October 2007 25 Sold Avg. $214,771 The neighborhood with the most sales activity in October was Hernando Pointe(new homes). Morrow Crest, Creekside, Deer Creek and Mont Clair were close seconds. Hernando has 268 Active Listings which is a 9 months supply of inventory based on an average of sales history over the (0 comments)
Doesn't The Fed Control Interest Rates? - 11/03/08 08:52 AM
Doesn't The Fed Control Interest Rates?by Pam SimpsonThe Kudzu Vine Days before the Federal Reserve plans to meet, the media starts reporting on anticipated rate cuts or rate hikes. This contributes to the misconception that a Fed rate cut means mortgage interest rates will go down in the same amount as the rate cut. BUT, it doesn't work that way. The interest rate that the Fed directly controls IS NOT the mortgage interest rate. The Fed controls the Federal Funds rate and the discount rate. So, okay...what are those? The Federal Funds rate is the interest rate that banks charge each other (4 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.