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First Time Buyers

This tag will feature all of the related blog posts for first time buyers. Topics to be discussed include:

General information for home buyers

Investment property

Looking your your next home? Start your search here!

You can shop for loans at bankrate.com.

Searching for house plans? Find your house layout by browsing thousands of ready-to-build designs. These designs cover a variety of styles, home sizes, and can fit most budgets. Find blueprints for your next home at the following sites:

The House Designers

Southern Living House Plans

Builder House Plans

There are many more sites that you can visit as well. In fact, there are too many to mention here!

You can shop for loans at bankrate.com.

13 04, 2021

Real Estate in Oxford MS: Should I rent or buy

By |2021-04-14T09:03:15-05:00April 13th, 2021|Home Buyers|0 Comments

Trends for real estate in Oxford MS Building permits are not keep pace with the ever-expanding homebuyer demand for real estate in Oxford MS. Real estate in Oxford MS has seen a boom in housing developments. Meanwhile, the national market was recovering from the housing crash. This trend is largely correlated to the rising Ole Miss enrollment as well as the second home ownership. More housing inventory is needed.  For these reasons, the boom in apartment construction over the past few years has not caused rent increases to level off. Likewise, many young homebuyers [...]

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10 02, 2020

Millennials greatly value homeownership

By |2020-02-19T10:52:44-06:00February 10th, 2020|News|0 Comments

Most millennials value the purchase of a home over most other life decisions including marriage. Millennial home buyers are taking a long, careful approach to buying Millennial home buyers are a very calculating demographic. According to a Bank of America study conducted in 2018, most millennials value homeownership (72%) over over life events such as marriage (50%) or having children (44%). Therefore, they find themselves making very careful, well-planned home buying decisions. Needless to say, a home buyer should always take a methodical approach to purchasing regardless of age or financial position. Need advice for [...]

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29 11, 2018

Market Comparison Report for North Central Mississippi

By |2020-02-19T10:53:25-06:00November 29th, 2018|News|0 Comments

Home property values are on the rise while condo property values have slightly fallen. The following market comparison report is a property statistics analysis for Lafayette County. It covers the periods of January through August for 2017 and 2018. The residential market data covers all forms of residential real estate such as single-family homes, multi-family, and townhouses. Due to the number of condo/townhouse sales, statistics are likely skewed to this property type. Likewise, the residential market sales are requiring a trained professional to assess their true value. Beginning your property search? Are you thinking about buying [...]

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8 11, 2018

Prequalifying Worksheet for Prospective Buyers

By |2020-02-19T10:53:31-06:00November 8th, 2018|Lending|0 Comments

Prospective buyers knowing what they can borrow save time in their property searches. To become an educate buyer, customers and clients need to have a budget. To this end, the pre-qualifying worksheet is intended to be a guide to helping prospective buyers understand their affordable home price range. It can also provide your maximum borrowing limit. Getting pre-approved for a mortgage enables you to move quickly when you find the perfect place. As a result, the offer will not be contingent on obtaining financing and the seller will know that you are a ready, [...]

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5 07, 2018

Professionals do it better

By |2020-02-19T10:53:56-06:00July 5th, 2018|News|0 Comments

Would you perform your own surgeries or dental work? If your answer to the question is "no", then I have a follow-up question. Do you trust professionals with expertise in a specific topic? If your answer is "yes", then next time you are assessing real estate, I highly recommend hiring a REALTOR. Professional of all types cost money Professionals do not work for free. Have you ever visited your doctor and expected the trip to be pro bono? Of course not. REALTORS are no different. The principle advantage is exposure. Hiring a REALTOR allows your property [...]

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15 06, 2018

What to Expect When You’re Inspecting your new Oxford Condo

By |2020-02-19T10:54:09-06:00June 15th, 2018|Home Buyers, Homeowners, Investment|0 Comments

Inspecting Oxford MS Condo: helping buyers know what they are buying A home inspection is an assessment of the home's current condition. Inspecting Oxford MS condo is common even if the buyer is not financing. The home inspection identifies problems with houses and condos and give buyers knowledge of the pertinent issues. Home inspections in Oxford are seldomly, if ever waived. It is all part of the due diligence process for buyers. Buyers investing in a property want to know what are the physical conditions of the unit. If you are a seller, you may have [...]

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22 08, 2017

More Oxford housing inventory needed

By |2020-02-19T10:54:38-06:00August 22nd, 2017|Building, Investment|0 Comments

Shortage of University of Mississippi housing has lead to more off-campus real estate developments. Homes for sale in Oxford MS are driven by three primary factors. With regard to signs of local market strength, many builders are not able to satisfy the housing demand in Oxford. One of the best indicators for increasing growth is the number of new building permits. See this data indicating less units sold in 2017. You can read more about the Oxford housing market statistics in 2017. 3 factors will continue to increase demand for homes for sale in [...]

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16 08, 2017

The 5 worst mistakes that Oxford homebuyers make

By |2020-02-19T10:54:44-06:00August 16th, 2017|Home Buyers, Projects|0 Comments

Check out these real-life homebuyers mistakes to prevent falling into the same traps in Oxford MS real estate. 1. Spending too much money on a wedding or event Millennials are proven to spend large amounts of money on bachelorette and bachelor excursions that can rival the cost of many honeymoons. Many of these excursions are exceeding $1000 and costing you and your best friends at the opportunity of making a down payment to make your new married life better. 2. Buying too large of a home in the Oxford MS real estate market Many expecting parents [...]

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3 08, 2017

Mortgage rates fall in 2017

By |2018-07-05T09:51:51-05:00August 3rd, 2017|News|0 Comments

Alert residential real estate buyers in Oxford! More positive news for residential real estate buyers in Oxford! The National Association of Realtors Pending Home Sales Index, an indicator of housing demand, fell 0.8% in May for the third consecutive decline. Economists are speculating that interest rates are unlikely to rebound to pre-election highs of 4.3% amidst concerns of the new administration triggering more economic growth. Mortgage rate trends to 10-year T-bill Mortgage rates tend to follow the 10-year Treasury yields. For this reason, mortgage rates will increase if investors are expecting short-term interest rates to rise due [...]

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1 08, 2017

Buy a condo in Oxford from afar

By |2018-06-24T08:12:57-05:00August 1st, 2017|Home Buyers, Investment|0 Comments

Searching for a condo in Oxford has never been easier! Virtual tours and electronic signature paperwork has made viewing and offering a breeze. Searching for a condo in Oxford is not without its difficulties, but it's not impossible. Actually, modern technology has made much of the home buying process as close to physical engagement as possible. To find a condo in Oxford before someone else does, get an agent! You will need an agent to keep you posted on new listings that fit your purchasing profile as they come to market. While you can try [...]

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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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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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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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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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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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27 04, 2016

Dwindling Housing Inventory

By |2020-02-19T10:57:18-06:00April 27th, 2016|Property Value|0 Comments

Many buyers are running out of options due to the low housing inventory in Oxford, MS. Few options for housing inventory in Oxford, MS market are remaining With today's low mortgage rates, it seems everybody would be looking to buy a home. While many buyers are looking, rising home prices and low housing inventory in Oxford, MS has caused a lot of issues. This is especially true for first time buyers. The quick inventory turnover has lead to many new builds and consequently, the prices are driven higher with the rising demand. With unemployment [...]

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11 02, 2016

First time homebuying: Rent or buy

By |2020-02-19T10:57:50-06:00February 11th, 2016|Home Buyers, Lending|0 Comments

With the recent string of millennials graduating school and entering the workforce many of them must now consider whether or not they should be buying a home or renting. This can be an especially difficult decision if one still has a large amount of student loan debt or the inability to put a sufficient amount of money down on a house. A recent article from The Fiscal Times addresses the trend here. Many young people are attracted to the first time home buyer loans, incentivizing their purchase decision. Some loans only require 3.5% down. Considering today’s [...]

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