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Home Buyers

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

First time buyers

Investment property

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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.

18 04, 2022

Short supply of houses for sale in Oxford

By |2022-04-18T14:45:38-05:00April 18th, 2022|News|0 Comments

There is a shortage of houses for sale in Oxford. Houses for sale in Oxford are few in number and increasingly exceeding the budget of buyers. Housing affordability is becoming a challenge for some homebuyers, especially for real estate in Oxford, MS. The real estate market in Oxford, MS is experiencing a multi-generational apex . Millennial homebuyers are beginning to have growing families and are increasingly purchasing homes. Simultaneously, many baby boomers want to retire in Mississippi to benefit from the tax incentives. The homebuying recovery is also strong. Buyers are eager to purchase [...]

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19 03, 2021

Finding a condo for sale in Oxford, MS for rental income

By |2021-04-13T14:20:42-05:00March 19th, 2021|Investment|0 Comments

If an investor purchases a condo for sale in Oxford, MS that is furnished, it can be used for gameday and other weekend event rental! All about investment condos Are you looking at investment condos for sale in Oxford, MS to create passive rental income? Your decision will ultimately hinge on the potential profit and net yield that the investment can make. Airbnb is widely growing in popularity with a 102% increase since 2017. The largest growing demographic are over 60 years of age as well as women. Reporting an average of $20,619 [...]

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1 04, 2020

COVID-19 and real estate

By |2020-04-03T17:00:00-05:00April 1st, 2020|News|0 Comments

COVID-19 and its impacts on real estate REALTORS® response to Covid-19 is enforcing sanitary and cleanliness at all time in real estate. Much like other sectors of life, COVID-19 is also having its impact on real estate. In response, Mississippi REALTORS® have been working diligently to respond to some of the challenges in this industry. Among these changes are the following in forms. COVID-19 Addendum to the F1 Contract for the Sale and Purchase of Real Estate (F1) This addendum provides some relaxing of the “Time is of the essence” provision of the Contract. [...]

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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 01, 2019

Business Income Deduction for Self-Employed

By |2020-02-19T10:53:20-06:00January 29th, 2019|Investment, News|0 Comments

The regulations will benefit individuals, partnerships, S corporations, trusts and estates engaged in domestic trades or businesses. A business income deduction is available for eligible taxpayers with pass-through real estate businesses. The 2017 tax reform bill brought about Section 199A, the 20 percent business income deduction. The IRS created deduction by way of the Tax Cuts and Jobs Act of 2017. Almost any self-employed person or owner of a pass-through business (such as an S corporation, limited liability company, or partnership) with eligible income can take 20 percent off the top after business expenses are [...]

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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 11, 2018

Home Inspection Red Flags

By |2020-02-19T10:53:40-06:00November 5th, 2018|Selling Your Home|0 Comments

The home inspection is the most important pre-purchase task that a buyer can perform. A home inspection helps buyers by identifying repairable items that sellers may have been otherwise aware. A buyer can expect to receive a 40- to 60-page report with high-resolution color photos, detailed diagrams, and links to additional information. The reality is that buyers have access to more information about the home they are purchasing than ever before. The primary focus of the home inspector is to provide buyers and sellers with a better understanding of the physical condition. Items such as the [...]

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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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25 06, 2018

1031 Tax Deferred exchange for business real estate owners

By |2020-02-20T10:24:46-06:00June 25th, 2018|Investment, News|0 Comments

Meet with your CPA to see if you could qualify and save tons of money with the Section 1031. Tax benefits for businesses owning real estate The 1031 Tax Deferred exchange has been beneficial for individuals in agriculture and small businesses since the 1920's. Over the years, it has provided tax benefits for businesses owning real estate by deferring capital gains taxes. As a result, the business owners have been reinvesting the sale proceeds on assets held for business and investment purposes. The basis of the 1031 Tax Deferred exchange is related to [...]

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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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1 06, 2018

FHA Loans: Less strict lending standards and lower down-payments

By |2018-06-24T17:44:54-05:00June 1st, 2018|Lending|0 Comments

Looking for a loan for Oxford MS property? FHA loans can offer low interest rates and less strict loan requirements than other government backed loans. They are backed by the Federal Housing Administration and will require borrowers to pay for mortgage insurance. Mortgage insurance premiums Two mortgage insurance premiums are required on all FHA loans: The upfront premium is 1.75% of the loan amount -- $1,750 for a $100,000 loan. This upfront premium is paid when the borrower gets the loan. It can be financed as part of the loan amount. The second is called the [...]

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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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4 08, 2017

Staging my Oxford condo

By |2020-02-19T10:55:00-06:00August 4th, 2017|Homeowners, Oxford MS Condos for Sale, Selling Your Home|0 Comments

Oxford condo staging leads to quicker sales One of the keys to selling your Oxford home fast is staging the property. Take a look on the Oxford properties on the MLS. One thing that you will notice in common with the great listing photos is that the staged homes are more welcoming. Likewise, staging invites the home buyer to imagine the lifestyle that could be possible if he or she lived there. Oxford home buyers want to know how they may live in the space Walking into a barren room can confuse some home buyers who [...]

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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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27 06, 2017

Oxford, MS & Lafayette Co Housing Market Oct 2016 – March 2017

By |2020-02-19T10:55:05-06:00June 27th, 2017|Property Value|0 Comments

Housing Market Data Presented here is housing market data for Oxford buyers, sellers, and property owners. Are you thinking about buying in Oxford, MS in 2017? Start your Oxford, MS residential market and land property search here. At this time, here are some housing market numbers for the greater Oxford area and Lafayette County. During 2016, there were 555 total sales of residential and townhouse/condo combined within Oxford with values ranging from $15,000 - $2,195,000 and an average price of $288,100 with a median price of $229,000. At this time, property values are showing an average growth [...]

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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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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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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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