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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Written and Published by Pat Starnes REALTOR
Pat Starnes, a Realtor since 1988, specializes in Mississippi Residential Real Estate and can assist you with buying or selling in the Jackson MS Metro area.
Areas of service: Brandon, Pearl, Ridgeland, and the Ross Barnett Reservoir area
Search all available homes in the Jackson MS MLS
Pat Starnes, Broker; Pat Starnes Real Estate, 300 Castlewoods Blvd., Brandon, MS 39047; 601-278-4513 - Cell
Hi Pat - I currently have a couple of bank owned properties under agreement. There are some excellent deals to be had.
Hello Pat! As Bill says, there are some great homes out there! This is great information for the buyer. Good luck!
Mary
Bill, I have one under contract, too. Sometimes a bank slashes the price just to get rid of their inventory. That's the right time to pull the trigger!
Mary, my foreclosure posting work! I receive numerous inquiries each week from these posts!