Great location in Saltillo, MS and close to major shopping and dining. Tupelo schools. Custom built home located on large lake at Northridge Crossing offers upscale living and space. From the custom kitchen with S/S appliances and icemaker, to the bigger than large library with built in bookshelving, this home can cater to most lifestyles. Main features include approximately 4,192 square feet with 4BR, 4BA, parlor or music room, large open formal dining room, family room, safe room, and double attached garage with inside workshop. Ammenities include red oak and hand scraped hickory floors, tile, and carpet in upstairs bedrooms. The fourth bedroom is two rooms which could be used as a guest suite or Mother in Law quarters. Finer details include two gas log fireplaces, solid surface countertops, 10' to 18' ceilings, surround sound in family room and library, detailed millwork, solid steel safe room, icemaker, trash compactor, pantry, security system, patio, gas BBQ hookups, and shaded lot with screened belvedeer with hot tub at the waters edge. Restrictive covenants. HOA. Asking $389,900. Please visit http://TupeloAreaHomes.com for all homes for sale through the Tupelo MLS, NE Mississippi.
I have recently made a career decision with the move to join the ranks of thousands of independant real estate professionals across North America. After over 10 years of being associated with nationally franchised real estate firms, myself and others are witnessing a continued transformation of change across the real estate industry in the way agents can service the needs of their clients.
Technology that once only the great large firms had access to is now available to everybody in the industry. It is not about the size of the real estate firm any longer, but how we as individuals can accomodate and provide a level of service specific to the needs of the consumer. It's not one size fits all anymore.
With my decision to become independant, it allows me more freedom and flexibility to work outside the box, offering choices to the consumer and helping to accomplish their real estate goals with more targeted results.
I will remain empowered with a powerful set of tools to deal with today's internet-savvy consumer. By offering transparency and responsible choices, the consumer can benefit with only those services that meet their specific needs. I work with sellers and buyers, and equally as important, I can work with For-Sale-By-Owners, investors and homeowners where there is no dependency on closing a transaction in order to get paid.
Whether you're buying or selling a home or just need help with your real estate transaction, look to my knowledge and experience as a choice for your real estate services. Accredited consulting and fee-for service options are available. Located in Tupelo, Mississippi, I help Buyer's and Seller's in Tupelo, Saltillo, Guntown and across the greater Northeast Mississippi region.
From Luxury Homesand waterfront propertiesto golf course homes, Foreclosures, and bank owned properties - I can work with sellers and buyers in all price ranges. I am a participating affiliate of the growing Real Estate Consulting Network.
BUYERS - I am a licensed associate broker with extensive knowledge of the local market with the experience and negotiating skills to help you accomplish your real estate goals. Searching for real estate information today is the easy part. Interpreting that information takes skill and is where I can afford you protection. From mortgage information and inspection recommendations to buyer consultation services, I can help. Call me today.
SELLERS - With 94% of all home seekers using the internet for their home search today, I challenge you to find a REALTOR® who can give your home more exposure. Syndication and presentation is where I excel. I offer commission based services, fee-for-service options, and consultations services. Transparency and choices to the consumer means using only the services you need,saving you time and money.Different!
Randy Landis, Broker, ABR, ACRE, GRI, RFS (662) 231-9107
You will Never look at agents the same way again. Ever!
A full service listing and selling real estate broker representing sellers, buyers, lenders, REO firms, and asset managers of real estate for sale, homes, houses, lots and land. Registered HUD Broker. BPO services available. Fee for Service and MLS Flat Fee options available. Provider of real estate services and related technology marketing services to the Tupelo, Saltillo, and the Greater Lee County area of Mississippi. Immediate market area includes the communities of Belden, Guntown, Baldwyn, Verona, Plantersville, Mooreville, Mantachie, Blue Springs, Sherman. Also serving the smaller communities in Lee County and surrounding counties of Pontotoc, Itawamba, Union, Prentiss, Monroe, Chickasaw, and others.
Looking for vacant land to build, hunt or retreat to or invest in? Consider this secluded and private 21 acres just minutes south of Tupelo, MS. Previously used as a multiple home site with two mobile homes, water and power are already onsite. Most of the acreage is in mixed timber...hardwood and pine. Owner is asking $49,000. Call Randy at EXIT Realty Premier in Tupelo, MS for more information. 662.231.9107
April 2011 Sales Statistics - Tupelo Area, NE Mississippi
A quick compilation of residential housing sales numbers for the month of April 2011 are as follows:
Total Closed Sales:114 (slight decrease from 118 one month prior, and down 13% compared to the same month one year ago)
Total Foreclosures Sold:29(compared to 34 the month prior) Foreclosure/sales Ratio:25% (Distressed property sales continue to be a significant percentage of total market sales however, trending slightly downward over the last three months. Does not reflect short sales.)
Average Sold Price: $116,887 compared to $106,284 one month earlier.
Median Sale Price: $105,250 increased from $89,500 one month earlier.
NEW! Listing Sales Breakdown: NEW!
$0 to $80,000 - 43
$80,001 to $150,000 - 41
$150,001 to $200,000 - 17
$200,001 to $250,000 - 7
$250,001 and up - 6
April 2011March 2011
Average List/Sell Price Ratio - 92.72% 94.57% (Original List/Sell Price Ratio) - 88.78% 89.38%
Average Days on Market (DOM) - 179 This is up from 147 last month and continues to trend higher from 123 in January.
Total Homes on Market (as of 5/1/2011) - 1,186
With 35 fewer MLS listings than this time last month, the actual estimated market holds an inventory of approximately 1,375 homes for sale. This number remains consistent when compared to one month earlier with a shift being seen towards non-MLS listed properties. This number also coincides with an increase of average DOM. Many sellers are driven to put their home on market during the spring as it is considered the best selling season.
The realization of an increase in Average Sold Price and Average Median Price for April can be the result of fewer foreclosure sales as an overall percentage of total sales. Price reductions are still occurring in our market and seems to be the driving force in sales once perceived market value has been breached. The slight deterioration of the Original List/Sell Price Ratio also supports the number of price reduction actions and apparently reflects a continued market value correction, in support of weak bottom locally. Once again, closer inspection of this number is suggested in order to determine whether this weakness is confined to a certain segment of the overall market.
This is the first month I have broken down sales numbers in price ranges as it shows where overall market strength is at. The high end home sales continue to be sluggish as a percentage of all homes sold. Overall, Buyer's remain in control of the selling side of our market. Our market is strained with similar sales hurdles as seen around the country and are not entirely the result of tougher lending policies. Consumer's confidence in the overall housing outlook remains cautious.
With one month remaining during the typical spring selling season, sales going forward will provide more insight to our market stability. As I mentioned last month, one good month does not spell a turnaround but 3 strong consecutive months may exude more positive feelings about jobs and the local economy. Sales continue to be driven by the factors of location, condition, and price. Buyers, although cautious, do recognize good pricing and overall value and continue picking up the "deals."
One key indicator with market stability is the absorption rate. This number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices. The current absorption rate of 15.25 continues to climb (four consecutive months) but remains under last April's (2010) number of 15.63 and somewhat mirrors the national trend.
Interest rates were actually very stable through the month varying little more than 1/4 of a point and are hovering around 4.87% for a 30 year fixed rate mortgage.
Homes purchased today with a long term investment outlook look very attractive with little downside risk as we head into the summer months. However, with looming inflation concerns, the consumer should remain tuned in to their needs, affordable housing, and purchase well within their means. "House poor" has become a common description of homebuyers who take on too much home by "maxing out" their eligibility and leaving little disposable income for everyday living expenses. Lenders are doing their best to prevent this with loan risk management. Rapid inflation can do real harm to disposable income as debt to income ratios can also change rapidly.
Numbers compiled from Northeast Mississippi Board of Realtor MLS statistics on 5/4/2011 and may be within a slight margin of error based on totals and timely reporting. This compilation does not include private or other sourced sales activity except for estimated total available homes for sale.
For more detailed information about our market or neighborhood specific reporting, please contact Randy Landis at EXIT Realty Premier, Tupelo. Randy is an Accredited Consultant in Real Estate®.
I just left The Consulting Times after reading a great bit of news posted by fellow ACRE® (Accredited Consultant in Real Estate) Jeani Ritchie. Jeanie is working on her instructor credentials through the Texas Association of REALTORS® so she can teach the courses for GRI, or Graduate REALTOR® Institute program. She has reported that the inclusion of the consulting model into the state curriculum is currently being supplied and is approved as part of the curriculum.
Jeanie found out much to her delight that she will not be the first instructor in the GRI class to discuss this industry change, and will look forward to introducing the "consulting" model to her students in the future.
Consulting is a model which embraces transparancy and choices to the consumer. For more information on how to fix your income stream, visit The Consulting Times.
ACRE®, Changing the industry one person state at a time!
Being a staunch supporter of this model for years, it takes someone like Mollie Wasserman to launch a campaign great enough that will cause force the industry to take note. I'm finally getting paid for the work I used to never get paid for. Thanks Mollie.
For the most part, I really liked what Tish wrote: that it's vital that a buyer's agent develop a level of trust with her client - without that trust, it's very hard to do our job properly. But one paragraph gave me great pause:
"The goal of finding a home you love and can comfortably afford, is my goal -- my only goal. Sure, my salary depends on closing sales -- there's no secret there. And, the more you spend the more I make -- still, no secret there, either. But you've engaged me to represent your best interests and I have a fiduciary responsibility to you."
Real estate is an industry founded on the sales model. Historically, we have always been paid contingent on moving property. Nothing wrong with that UNTIL the advent of...agency. In the mid 1990's, we were told that it was no longer sufficient to simply be good salespeople, paid to move product. We were now told that we must wear a second hat, that of a fiduciary, charged with putting the interest of the client - whether they were a buyer or seller - above the needs of all others, including and most especially our own. YET, our industry gave no thought to examining how we were paid, and the obvious conflict of interest this presented, especially when representing buyers!
"Make no mistake, folks: The real estate industry is having an identity crisis because agents are being asked to fill two roles that are in conflict, especially in the mind of the consumer. On one hand, real estate has always been considered a sales profession, paid by commission. As an independent contractor, a real estate agent needs to move the “inventory” as quickly as possible, and for as much money as possible, to make a living in this business. And yet, if an agent is a Realtor®, he must follow a code of ethics which, among other things, requires him to put the needs and interests of his clients ahead of everyone else’s, including and most especially, his own."
Telling your client that they can trust you even though you are only paid when you sell something, is a tough argument to make. Always has been. This is not to say that it isn't often true.Despite the "conventional wisdom", most real estate agents are hard-working, honest, and ethical professionals who strive - sometimes at great financial sacrifice - to do right by their clients. It's a testament to our industry, but the fact is that agents are doing right by their clients in spite of the commission system, not because of it!
But know that the past does not have to be prologue. The growing community of trained real estate consultants offer choices to the consumer in how they can be paid and more and more consumers are enjoying being given that choice. By offering to be paid by a non-contingent fee, the consultant can take that conflict of interest right off the table. And the younger demographic - our future clients - want MORE transparency and choices, not less. We are going to have increasing trouble making the argument that we can act in someone's best interest even though we're paid only to make a sale. It's like the wizard saying to Dorothy "Pay no attention to the man behind the curtain" even though he's right before her eyes!
Sometimes a way of doing business outgrows it's usefulness. The horse and buggy was a perfectly acceptable means of transportation until the auto came about. The typewriter was a wonderful improvement over writing by hand, but how can it compare to word processing on the personal computer of today? And why would we continue to take pictures on film that needs to be processed when we can take digital photos?
Sure, there are many holdouts to change even when it's upon us. For the near future there will be consumers who will want to pay by commission because it's all they know. And for them, you can continue to provide your services and be paid in that way. But increasingly, consumers will gravitate to the trained real estate consultant who can provide quality real estate services without a conflict of interest inherent in being paid by commission. The only question is, will you meet their need for an auto with a horse and buggy? Will you greet them with a typewriter when they want a word processor? Or a film camera when they want digital?
Having to explain the unexplainable conflict of interest is no longer a given. But, you have to be prepared. To learn more about real estate consulting, watch:
Congratulations to Columbus, Mississippi for receiving recognition as a "Tree City USA". I had never heard of this before but apparantly there are many cities in the United States that have acheived this recognition.
To qualify as a Tree City USA community, a town or city must meet four standards established by The Arbor Day Foundation and the National Association of State Foresters.
These standards were established to ensure that every qualifying community would have a viable tree management plan and program.
It is important to note that they were also designed so that no community would be excluded because of size.
Have you ever seen a home languish on the market for many months days, and then notice that it shows up one day as a NEW Listing?. More often these days, agents in our market are re-listing homes after it originally expires to make buyers think the home is a new listing. The stereotype of a home on the market for a very long time can affect a sale, especially in a sellers market but these days, when I see a home on the market for over a year, I don't think much more about it. It is just the way it is.
The problem with changing old listings into new listings is simply a 'manipulation' of market data. It is done in an attempt to fool buyers, but don't realize the dishonesty involved. It's just not accurate disclosure. It's akin to years ago when car dealers would turn back the odometer in order to move the care quicker and for more money.
While compiling a CMA recently, I noticed how prevelant this tactic has become with other agents in our market. When presenting this CMA at the listing table, I honestly had to discount the published number and said "pay no attention to this number, however it's somewhere between 120 and 175" which made me look pretty darned smart. I'm sure!
Is this happening in your market? Has your Days On Market number so skewed, it has become a non-factor in the presentation of a prepared CMA's to a client and must be discounted? Computing an accurate DOM number for a potential client is much more difficult these days and is usually not entirely accurate.
Of course, we all really know what makes a home sell faster. Price, terms, condition, and location. I would rather get the listing right the first time because I don't like smoke and mirrors.
Glenn...The paradigm shift in real estate actually began in the late 80's and was derailed by an almost continous boom in real estate. The consumer has been screaming for change for years, but their cries have been drowned out by the force of resistance. The power of the "union" to protect what has long been held as so sacred - the almighty commission. Little did they realize back then that the consumer was simply asking for choices, not the decimation of an entire syste.
It has taken a severe recession and troubled times in the entire housing sector to help put change back on the path to realization. Does anyone remember the Help-U-Sell model? They were the fastest growing franchise in history at one point in time, mainly because of consumer demand for choices. Help-U-Sell gave them choices and the industry reacted!
Change is headed our way again, but this time my gut tells me it will sustain itself until the old contingency based system of commissions...the system that was invented by real estate brokers, for real estate brokers...is no longer valid as the "only" way to charge the consumer.
It's not suprising that many of the commentors to your post felt it was a streak of bad luck that so many veteran agents in this business are struggling. It's not luck people, it's the "New Normal!" It's also funny how many actually agreed that the system is broken and admitedly hoped that change happens, but few seemed unwilling to help create the change. Foresight, courage and good leadership will be the main elements in this charge of change. And, as the old saying goes - Lead, Follow, or Get the Hell Out Of The Way!
I bumped into a Realtor friend of mine yesterday whom I hadn’t seen for a while. Like most conversations we started off by asking those ‘catching up questions’ like ‘how have you been’ and ‘how’s business’?
I immediately got the sense that she had had a few very hard months – she was wearing it on her face. That became even clearer when I saw tears appear in her eyes.
‘I can’t seem to catch a break’ she told me. ‘I have plenty of listings. As you know I’m a hustler when it comes to getting home buyers to work with me. I work so hard to come up with innovative solutions and bend over backward as far as I can to help my clients get into these homes. The problem is that during the past 3 months I have had 4 deals that have totally collapsed right before we got to closing. Nothing I could do about any of them. Circumstances just changed for the buyers and the agreements fell apart. Frankly, I’m not sure how much long I’m going to be able to stay above water.’
Sound familiar?
This is a woman that’s I’ve known for the better part of 20 years. She’s a go-getter. She understands this business and she really is an innovative thinker who puts together some really engaging web site for her listing clients and is always there for her buying clients. She’s also a true believer. She believes that the work she does can really make a positive difference in other’s lives. But now she’s running on fumes.
What angers me the most about her situation is that this is a woman who gets up every morning and works her ass off. She’s not sitting at home eating bon-bons and catching up her ‘soaps’. She in the trenches working hard hours doing everything she can to make it all come together and she stills need to rely on luck in order to make a living. It’s sad that somebody who works that hard is eligible for food stamps!
This situation just helps to reinforce my firm belief that the current model is broken. Real estate agents deserve to be paid for the work they do when they do it. Having to keep your fingers crossed all the time is a lousy way to make a living. Hey, here’s revolutionary idea – why don’t we find new ways to give home buyers the support they need without sacrificing the livelihood of the professionals who offer that support?
Yes, my friend has had few tough months and I wish her the best. Hopefully the next few months will make up for the past few but she has no guarantee even if she does the best job she can. It would be a shame to see a person with her skills and passion decide that she would be much better offer working the drive through window at a local fast food restaurant. But at least then she would be able to get paid for the work she does when she does it.
Nucazza, Inc. Chief Evangelist Glenn Freezman has been an entrepreneur and business owner his entire career. Taking over his family’s candy company right out of college, Glenn quickly opened 4 additional locations and brought their product sales to a national audience.
In 2002, Glenn created a the title company, Family Abstract, and grew it so that it was helping 500 to 750 home buyers per month by offering unparalleled service, quality and commitment to the greater Philadelphia real estate arena.
Today Glenn still heads up that team and has been involved in over a quarter of a million real estate transactions during his tenure. He started Nucazza, Inc. and Home Buying Evolution as a way to give something back to both the Realtors® and home buyers that brought him success by offering a 1 to 1 marketplace that allows Realtors® to make a respectful living while allowing home buyers to pay for just the services they need all the while promoting full transparency and ethical business practices.
While driving through the neighborhood where Elvis Presley's birth home sits, I'm always intrigued by the number of Elvis fans who still travel the world just to visit the King's experience. Elvis' birth home was built by his father and is a two room home that beckons tourists that visit from the world over.
Another Busload of tourists visits the Tupelo landmark to visit the home and the Elvis Presely Museum and gift shop where you can by anything "Elvis".
Tupelo Real Estate, Home sales and marketing related information and discussions covering the NE Ms area and beyond. Serving Tupelo, Belden, Saltillo, Guntown and surrounding communities. CAUTION - This blog MAY contain real-time comments and discussions surrounding the real estate industry, locally and beyond.
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.
Real estate is an industry founded on the sales model. Historically, we have always been paid contingent on moving property. Nothing wrong with that UNTIL the advent of...agency. In the mid 1990's, we were told that it was no longer sufficient to simply be good salespeople, paid to move product. We were now told that we must wear a second hat, that of a fiduciary, charged with putting the interest of the client - whether they were a buyer or seller - above the needs of all others, including and most especially our own. YET, our industry gave no thought to examining how we were paid, and the obvious conflict of interest this presented, especially when representing buyers!
‘I can’t seem to catch a break’ she told me. ‘I have plenty of listings. As you know I’m a hustler when it comes to getting home buyers to work with me. I work so hard to come up with innovative solutions and bend over backward as far as I can to help my clients get into these homes. The problem is that during the past 3 months I have had 4 deals that have totally collapsed right before we got to closing. Nothing I could do about any of them. Circumstances just changed for the buyers and the agreements fell apart. Frankly, I’m not sure how much long I’m going to be able to stay above water.’
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