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So far Brian Carpenter has created 89 blog entries.
28 03, 2017

MS first-time home buyer savings account signed into law

By |2020-02-19T10:55:33-06:00March 28th, 2017|Lending|0 Comments

New Mississippi law provides a first-time home buyer account to provide aid to the purchase of a new property. Mississippi is helping lead the way to home ownership for first-time home buyer Gov. Phil Bryant on March 22 signed HB 1601 into law after unanimously passing the House and passing the Senate 51-1. The Mississippi law will establish a First-Time Home Buyer Savings Account. This new law will create savings accounts for down payments or other home purchase related expenses for Mississippians. Mississippi is now one of only four states to have a First-Time Home Buyer [...]

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27 03, 2017

Photos are your home’s first showing

By |2020-02-19T10:55:45-06:00March 27th, 2017|Oxford Homes For Sale, Oxford MS Condos for Sale, Selling Your Home|0 Comments

Quality pictures of the listing make the spaces feel inviting and let the mind wonder. What would it feel like to live there? Listing your Oxford MS condo Before listing your Oxford MS condo, you should prepare the property for quality pictures. Pictures help homebuyers decide to view your home in person. For second home buyers, many people will be viewing your condo from afar. So the photos will ultimately make buyers want to come to Oxford to view the home or even, put an offer on the property without viewing it in person. [...]

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24 03, 2017

Earn Tax Benefits from Owning a Second Home in Oxford

By |2020-02-19T10:55:49-06:00March 24th, 2017|Home Buyers, Investment, Oxford Homes For Sale, Oxford MS Condos for Sale|0 Comments

Among the second home ownership perks aside from visiting Oxford for events, footballs games, or spending time with family and friends, there are a lot of tax benefits to owning a second home in Oxford. Here are the ways to prosper with your second home purchase. Mortgage interest That's right! You can write off 100% of the interest paid on the mortgage of your second home up to $1 M of debt. This includes total debt taken for all properties. Home improvements Is your owning a second home in Oxford in need of repairs? Make repairs, deduct [...]

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23 03, 2017

5 Predictions for Renters and Home Buyers around Oxford

By |2018-06-24T18:00:05-05:00March 23rd, 2017|News|0 Comments

Oxford MS housing market predictions Without a doubt, 2017 is showing the real estate market in Oxford is very strong. If the property is priced right, I've seen homes sold in less than 1 day. For some time, there has been a short supply of housing inventory and the response has been to build more. For renters, they have seen prices steadily rise as well. Some national trends such as interest rates will affect the Oxford market though their impact is uncertain. Here is Kiamie Real Estate's Oxford MS housing market predictions for 2017: Rents will [...]

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22 03, 2017

When Selling a your House, Neighbors can help or hurt your sale

By |2018-06-26T15:55:32-05:00March 22nd, 2017|Property Value|0 Comments

Over ten years ago, I met my broker, A.J. Kiamie. He came to see the available for sale next door to my house. Neither one of us were in residential real estate at the time. Yet, I made my first sale. Eager to get a neighbor, I greeted him in the driveway and spoke very highly of the current owner and neighbors, the development, and the house for sale. I also promised to wash his truck if he bought the house. A few weeks later, he moved in the house. Flash forward to now, we run a [...]

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21 03, 2017

Mississippi First-Time Home Buyer Savings Account

By |2020-02-19T10:55:55-06:00March 21st, 2017|News|0 Comments

Some first-time home buyers may have additional financing options if HB 1601 passes. First-time home buyers rejoice! Good news for first-time home buyers looking for homes in Oxford and throughout Mississippi! The Senate Finance Committee has passed HB 1601. The Mississippi legislature proposes to create first-time home buyer savings accounts for Mississippians. The First-Time Home Buyer Savings Accounts can be used for saving funds for the purchase of homes by first-time home buyers. Consequently, the first-time home buyer can only access the funds in the account for the down payment and closing costs for [...]

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20 03, 2017

Should I Buy Down the Mortgage after Fed Rate Hikes

By |2018-06-26T16:00:49-05:00March 20th, 2017|News|0 Comments

Choosing to buy down the mortgage is never an awful idea, but is it the best use of your money? While we are still in the first quarter, national mortgage rates are up 0.5%. With any increase in mortgage rates, one must wonder if the time is right to buy the mortgage rate on your new loan down to control your monthly mortgage costs. Meanwhile, mortgage rates will rise as the Fed's economic outlook becomes more optimistic. How it works Buying down your mortgage also known as paying points is the method used to [...]

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9 03, 2017

1507 W. Main Street, Tupelo, MS

By |2026-02-27T14:51:35-06:00March 9th, 2017|Commercial, Lending|0 Comments

Brand new 23,000+ sq ft shopping center to be built! To be located at 1507 West Main Street in Tupelo, MS, this commercial retail and office commercial lease space will be an L-shaped strip center. For this area of West Main Street, the average daily volume according to the Mississippi Department of Transportation is over 23,000 vehicles/day. The exterior will be a classic brick architectural style for the building facades. Phase 1 of the development will be retail located near the West Main Street entrance. Phase 2 will be quiet office space. Each space will be starting at [...]

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2 02, 2017

Real estate investors are expected to increase portfolio

By |2020-02-19T10:56:10-06:00February 2nd, 2017|Investment, Property Value|0 Comments

A safe bet is real estate investments for the near future. Real estate investments expect to increase for U.S. investors Investors in 2017 and beyond are expected to increase their investments in U.S. markets according to KPMG's 2017 Real Estate Industry Outlook Survey. Real estate fundamentals are regarded as the primary driver of investor interest as well as a growing U.S. economy. Couple this real estate executive optimism with the new U.S. administration's intention to lower taxes and deregulate businesses, there may be a push for increases in new construction and existing home sales [...]

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8 01, 2017

Oxford Real Estate Showings in the Near Future

By |2020-02-19T10:56:16-06:00January 8th, 2017|Selling Your Home|0 Comments

Virtual reality could offer some homebuyers a convenient way to view their Oxford real estate showings. How are Oxford real estate showings changing? Many home buyers who seek a second residence in Oxford, MS have a primary residence elsewhere. Buying a property from afar is tricky. There is always a question of cost and efficiency while planning the decision to view properties. Clearing a chunk of time to account for travel to Oxford and between prospective homes. Traffic can be insane for gameday weekends. Plus, every trip to view properties only adds your the [...]

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14 12, 2016

Homebuyers will not be deterred by interest rate

By |2018-06-24T17:49:25-05:00December 14th, 2016|Selling Your Home|0 Comments

Longing for a new home, but deterred by mortgage interest rate? With the Fed likely to increase interest rates, mortgage rates could move higher in the coming weeks amidst their highest level in nearly 2 years. Many speculators assume that this will result in less buyers. However, increasing rates are also indicative of a stronger economy and a stronger economy will favor more overall spending such as housing. It is important to keep some perspective with respect to nationwide upward trends in interest rates. In all real estate markets, income growth is a trigger [...]

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6 12, 2016

Avoid these mistakes when selling your home in Oxford

By |2020-02-19T10:56:21-06:00December 6th, 2016|Homeowners, Selling Your Home|0 Comments

Are you selling your home in Oxford and wondering where to begin? Imagine people walking through your home saying anything coming to their minds. Most certainly, they will criticize something that is far more meaningful than to you than a collection of building materials bound by nails, screws, glue, and concrete. More often than not, these same people will make an offer far less than the money that you think your home is worth. For these reasons, it can become a very deeply emotional transaction. Would you like to learn how to get the [...]

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4 12, 2016

The kitchen has become the most popular room in homes

By |2020-02-20T10:26:59-06:00December 4th, 2016|Building, Homeowners, Property Value|0 Comments

The kitchen is one of the most popular room in homes with many people focused on functionality, entertaining, and higher end finishes. The kitchen is overwhelming the most popular room in homes A home that includes a “killer kitchen” or “luxury kitchen,” as described by the sellers, sells 8% faster than similar-sized homes in the same ZIP code. For this reason, a kitchen has become a focus of any renovation plan, home decor upgrade, and listings description. According to a study by realtor.com analyzing the rooms most mentioned in listing descriptions, the kitchen has [...]

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3 12, 2016

Gaining some perspective of rising mortgage rates

By |2020-02-19T10:56:32-06:00December 3rd, 2016|News|0 Comments

Will investors be swayed by rising mortgage rates? There is a sentiment that rising mortgage rates could stall some home buyers who were already under financial constraints. At the close of November, the 30-year fixed-rate mortgage averaged its highest level in more than a year with rates increasing from 3.5 percent to 4.125 percent in less than a week, CNBC reports. "It's kind of sad, because you're helping out a first-time buyer who is in need of these low rates and doesn't have the personal liquidity to offset if the rates rise," one lender [...]

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26 11, 2016

Finding a fixer-upper based on neighborhood

By |2020-02-19T10:56:37-06:00November 26th, 2016|Home Buyers, Investment, Property Value|0 Comments

The neighborhood market value is the driving factor to determining if a fixer-upper in Oxford, MS is worth it. Everyone wants a deal Many first-time Mississippi property buyers as well as seasoned investors find great benefits to searching for fixer-uppers. It allows the home buyers to purchase a property with a limited budget by targeting homes below market value. Well-informed home buyers search for a fixer-upper in Oxford, MS after studying the principle of progression vs. regression. Let's look at these principles. The principle of progression as it relates to a fixer-upper in Oxford, [...]

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15 10, 2016

Investment Property: Purchase price and cash flow

By |2020-02-19T10:56:43-06:00October 15th, 2016|Investment, Property Value|0 Comments

Purchasing an investment property to rent is a very lucrative business in Oxford, MS. With the near endless inventory of students attending and graduating the University of Mississippi, there is constant turnover. You may also choose to rent your house if you are relocating, but wishing to delay selling. A good tenant can help create cash flows to go toward paying off your mortgage more quickly or save for a retirement account. Allowing someone to rent your home is a major undertaking. Many landlords rely on the services of a property manager to address to daily issues. [...]

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2 08, 2016

Housing Opportunity Through Modernization Act

By |2018-06-30T07:09:14-05:00August 2nd, 2016|Lending, News|0 Comments

Housing Opportunity Through Modernization Act could create new financing opportunities for Oxford, MS condo buyers. FHA financing option for Oxford, MS condo buyers As of yesterday (August 1, 2016), President Obama signed H.R. 3700 into law to reduce barriers in FHA financing for condos. During the Great Depression, the Federal Housing Administration (FHA) was formed to insure government-backed mortgages. In turn, this government-backed mortgage instrument provided a greater security for banks to offer more favorable loan terms for the lendee. H.R. 3700 will continue to offer assistance to well-qualified home buyers who are facing [...]

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20 06, 2016

Tricks to sell your home at high value

By |2020-02-20T10:28:30-06:00June 20th, 2016|Property Value|0 Comments

Currently, Oxford has a strong buyer's market with all great inventory having a very short turnover time. While missing on a few great properties is a norm for buyers, sellers are left wondering: how high can I sell my house? Sellers always want to sell their property for as much as possible. If curb appeal attracts passers by, low price attract offers and gives the seller the best chance for a high sale. The answer is to aim your list price low to get the high value that you want. This approach is [...]

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15 06, 2016

1153 S. Gloster Tupelo, MS

By |2020-02-19T10:56:53-06:00June 15th, 2016|Oxford property sold|0 Comments

Surrounded by businesses on a high traffic street in central Tupelo, this former restaurant is ideal for another to take its place with its own available kitchen appliances, and food preparation spaces. With a visible location and a large parking lot this is the perfect property for a new business to open its doors, or the beginning of a franchise. Call/text A.J. (662-816-0083) or Brian (662-610-0396) for a showing today! Rent $3062.50/mth Price/SF $10.50 Term 3-5 years Property Type Retail Property Sub-type Restaurant Property Taxes Reimbursement Insurance Reimbursement

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14 06, 2016

Affordability of housing markets

By |2018-07-02T09:40:12-05:00June 14th, 2016|News|0 Comments

Searching for a property in the Oxford housing market may require some patience these days. Oxford housing market can be pricey for some buyers While mortgage rates are hovering near record lows, the Oxford housing market is in very tight supply. Consequently, many sellers have increased their home prices too high for some potential buyers, both first-time and move-up buyers. Despite low down payments, buyers are now using a much higher portion of their annual income to make the investment. This trend is especially prevalent in the case of the first-time buyer and Millennials and [...]

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