05.23.11

Finding the Best Buys in Today’s Brandon MS Real Estate Market

Posted in Brandon MS Real Estate tagged Brandon MS homes for sale, Brandon MS Real Estate Buyers at 7:00 am by Mississippi Real Estate Agent

The Brandon MS real estate market is still a buyer’s market which means, as a buyer, you can get a good price on a home.  However, if you know what to look for, there are properties on which you can get a great price.

Here are three areas of the Brandon MS real estate market that generally offer the best prices:

  1. Homes that have been on the market for several weeks (or months!) -  Have your real estate agent send you homes that have been on the market for several weeks or months.  These property owners are more motivated to sell than the owners of newly listed homes.  They’re more willing to negotiate for lower prices or even give you extras such as home warranties or paying a portion of your closing costs.
  2. Bank owned properties.  Bank owned properties (also known as Real Estate Owned or REOs) are homes that go back to the mortgage company after an unsuccessful foreclosure auction.  Like foreclosures, these properties can take longer to close, but the savings can be well worth the extra time.  Your Brandon MS real estate agent can help you understand the pro’s and con’s with this type of purchase.
  3. “As is” properties. A property listed “as is” means the seller is not willing to fix anything and will not negotiate a price reduction based on needed repairs.  However, if you’re willing to put some money and elbow grease into the property, this could be your opportunity to get more home, in a better location and at a price you can afford.  Renovations can be done over time.  The lower mortgage payment could save you more over the years than the renovations will cost.  Your Brandon MS real estate agent can help you indentify the renovations that will have the best return for your investment.

If you’d like help to reduce the stress of finding the best buys in today’s Brandon MS real estate market, give me a call today at 601-942-3392 or email me at Paula@PaulaRicks.com.

Paula Ricks
Coldwell Banker Nell Wyatt, Inc.
REALTOR® and Broker Associate
443A Northpark Dr, Ridgeland, MS 39157
601-942-3392
Paula@PaulaRicks.com
www.PaulaRicks.com



2 Comments »

  1.    » Buying a Madison MS Home: How to Reduce Stress Paula’s Blog said,

    June 2, 2011 at 9:46 am

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  2.    » Keep Your Cool This Summer as Madison MS Real Estate Heats Up Paula’s Blog said,

    June 22, 2011 at 7:16 am

    [...] you’d like to work with a real estate agent who can help you find the best buys and stay cool while purchasing Madison MS real estate this summer, call me at 601-942-3392 or email [...]

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