Foreclosures have been selling in the Jackson Metro area this week. Fourteen HUD homes sold the first week in April, 12 of which were in the initial 10-day bid period.

When talking with buyers who are looking at foreclosures, I stress the importance of being pre-qualified through their lender, so when a property they are interested in comes up for sale, they can MAKE THEIR OFFER IN A TIMELY FASHION.

There are times that I have advance knowledge a home is coming on the market. If a foreclosure notice is posted on the property, and my prospects have given me a complete description of their wants and needs, I can research the foreclosure prior to the property being published for sale. Then when it is listed, my buyer is in the position to POUNCE when the time is right.

Foreclosed homes can be a good value for consumers, but I would not limit my clients to ONLY look at foreclosures. The Jackson Metro MLS offers a good selection of homes and I would counsel my buyers to to consider all available properties for sale in their desired location. Who knows, a more desirable home needing fewer repairs might be a better choice.

It's advisable to ALWAYS do your homework when buying a home. If you are looking for a home in Rankin, Madison, or Hinds county, I can help. With 20 years of experience in residential real estate, I can guide you through the home-buying process with skill and finesse.

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