There are many steps in buying a house and each step takes time. The biggest determining factor is how long you spend looking at properties. Once you have a contract in place, it takes an average of 50 days to close on a house.
REALTORS® Commitment to Excellence
The National Association of REALTORS® recently introduced Commitment to Excellence (C2EX), a program that empowers REALTORS® to demonstrate their professionalism and commitment to conducting business at the highest standards.
Homeowners More Likely to take on D.I.Y. Remodels, Says Realtor® Survey
Homeowners looking to add personality and individuality to their home are more likely to undertake a "do it yourself" remodel than hire a professional, according to the National Association of RealtorsÒ’ 2019 Remodeling Impact Report: DIY. The report also shows that cash-strapped millennials are the most likely of any generation to take on a DIY project.
It’s a Great Time to Visit an Open House
The spring buying season has begun, and this year potential buyers can take advantage of plentiful inventory and record-breaking housing affordability conditions.
Local REALTORS® Influence Policy Affecting Property Owners in Covenant-Governed Neighborhoods
Private transfer fees are fees charged to either buyers or sellers at the closing of a transaction each time a property is sold. These fees decrease affordability, increase potential liability and provide no benefit to the property sellers or buyers. They have also been called "harmful" by the National Association of REALTORS®, Mississippi REALTORS®, and Central Mississippi REALTORS®.
How One Gets into Real Estate
The real estate industry is a good one to consider if you are starting a career or experiencing the need to change career paths. Daily, it is rewarding being the person who makes a first-time homebuyer's dreams come true, helps an investor purchase commercial property, or helps someone sell their home or property. Every day is different, and every client is different making real estate sales an exciting business.
REALTORS® Fighting for Property and Homeownership Rights
In 1969, Astronaut Neil Armstrong became the first human to set foot on the Moon, Woodstock attracted more than 350,000 rock and roll fans, and the ARPANET, the predecessor to the Internet, transmitted its first communication. It was also the year the REALTORS® Political Action Committee, or RPAC as it is more widely known, was launched. The world has changed so much since then, and real estate has evolved with it.
That’s Who We R®
While many people know that a Realtor® helps buy and sell homes, what they may not know is that only a Realtor® is a member of the National Association of Realtors® and subscribes to its Code of Ethics. It's the Realtor® Code of Ethics that inspired the association's powerful new "That's Who We R®" campaign, which launched February 25, 2019. The campaign aims to reinforce the value of Realtors® as advocates for property owners, engaged community members and trusted advisors with in-depth knowle...
A First-Time Homebuyer Savings Account Can Provide a Foundation for the Future
Mississippi has signed into law a savings account program supporting first-time homebuyers. Known as the First-Time Homebuyer Savings Account Act, Mississippi is taking proactive measures to help state residents realize the dream of homeownership.
Fun Facts for Home Buyers and Sellers
The National Association of REALTORS® recently released a series of reports jam-packed with statistics. Central Mississippi REALTORS® has distilled much of this into some fun facts for home buyers and sellers.
REALTORS® Committed to the Community
Throughout our long history serving the area, the REALTORS® of Central Mississippi have consistently proven their devotion to giving back to the community. Over the years, we have provided relief efforts following Hurricane Katrina, contributed funds to Stewpot Community Services, and helped renovate and stock an art room at the Boys & Girls Club of Central Mississippi. More recently, Central Mississippi REALTORS® sponsored a Neonatal Intensive Care Unit in the upcoming expansion of Children’s ...
The Home Remodeling Projects Owners Most Regret
Home remodeling isn’t as easy as it looks on TV. And for nearly two-thirds of homeowners who’ve attempted a do-it-yourself house project, they say they regret not calling in an expert on at least one of their projects, according to a new survey from ImproveNet of about 2,000 Americans.
NAR Helps Secure FEMA Reversal on New Flood Policies During Shutdown
In a critical win for home sales while the partial shutdown of the federal government is ongoing, the Federal Emergency Management Agency will issue and renew flood insurance policies, reversing an unexpected and controversial ruling the agency released earlier this week.
Wire Fraud: Do Not Be A Victim
Imposters. Impersonators. Fakes. Frauds. Phonies. You might call them by different names, but these scam artists have one thing in common: they pretend to be someone they aren’t and tell you a bogus story to con you into wiring them money.
But I Just Want to See the House
Due to the popularity of technology allowing consumers to search for property for sale online, real estate professionals are frequently contacted to schedule a showing by potential buyers with whom they have no prior relationship. This creates awkward moments sometimes as REALTORS® encourage the meeting of potential buyers at the office first, for safety reasons, but potential buyers want to meet at the property, instead.
Rural Communities Protected from Loss of Mortgage Opportunities
The U.S. House and Senate passed comprehensive farm legislation today that includes long-sought protection of federal Rural Housing Services programs for thousands of small communities across the country.
Winterizing Your Home
We do not get much cold here in Mississippi, but when we do, it can be brutal. We start by pulling out our winter coats and putting flannel sheets on the bed. While you are busy making your home cozy, do not forget that the cold can do a lot of damage around your house as well.
What Does “Prime Rate” Mean?
To understand the Prime Rate, it helps to understand the Federal Funds Target Rate. The Federal Funds Target Rate is the interest rate that banks charge to loan money to other banks for overnight loans.
Staging Your Home Can Capture Buyers Imagination and Corner the Market
Viewing a house for sale requires buyers to visualize the property as a future place to call home. Would-be buyers often have to rely on their imagination for how they want to design the property as homeowners and what that man cave set-up could look like.
Who Is the Voice for Real Estate?
When you have real estate questions, who is your source for accurate information? Some may respond that those public websites that do a lot of TV advertising are the source for all things real estate; but can that be true? All real estate is local and only local experts can advise on the value, trends, and economic development of a particular market.
Real Property vs. Personal Property
Real property is property that is immovable and includes the land and all permanent structures affixed to the land. Personal property is everything that is movable, such as lawn mowers, automobiles, and books.
Are We in A Seller’s Market?
According to Central Mississippi MLS’ Market Heartbeat report, property inventory is low; therefore, properties are generally not sitting on the market for long. While holding steady for the past several months, there are currently 2,530 residential properties for sale in the 10-county area served by Central Mississippi MLS, Inc.
To Rent or To Buy? That is the Question
You've always dreamed of owning a home, but what advantages does homeownership actually offer?
Steps in the Homebuying Process for First Time Homebuyers.
Do not put the cart before the horse. For a stress-free home buying experience, take the steps in the order that produces the best results.
What Is Owner’s Title Insurance and Why Should I Buy It?
Owner’s title insurance is an optional fee that buyers are asked to consider when closing on a property. It is often disregarded since it is optional and frequently not discussed until closing.
No Down Payment, Yet?
Don’t worry! In a short time, you could have your down payment saved and become a homeowner. Take a look what Mississippi REALTORS® did for future homeowners in Mississippi.
The Face of Our State
In its 2016 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, NAR estimated that foreign buyers purchased $102.6 billion of residential property from April 2015—March 2016 which is 7 percent of the $1.2 trillion of total existing home sales during the same period.
Mississippi REALTORS® Influence Congress to Extend the NFIP for Consumers
Mississippi REALTORS® used their collective voice to influence Congress into extending the national flood insurance program. Further, Mississippi REALTORS® had the highest percentage of REALTOR® participation in the nation, per state, at 35.91%.
Keeping the Fair in Fair Housing
What good is a REALTOR® if she won't tell you how good or bad the schools are or how bad the crime is in an area?
How Murphy’s Law Enjoys the House Buying Process
We all know Murphy. He interjects himself into our lives on a daily basis rearranging timelines and causing delays in our projects. He is alive and well in the homebuying process, too.
The Reality of Reality DIY
Thoughts of remodeling your home can spark fantastic ideas, such as tearing down walls creating an open floor plan or replacing an old linoleum floor in the kitchen or bathroom. While many of these types of projects can add value to your home, they can also have unforeseen monetary or health-related consequences that shows on television channels like DIY and HGTV generally fail to mention.
But, I Do Not Want to Sign Anything
When you are beginning the house hunting process, you have a choice about what services you want to be provided to you by a real estate professional. You may be reluctant to sign any forms assuming the form is binding you to an individual, and you might not be ready to commit to anyone just yet.
Sell Your Home This Summer
Selling your home can be no easy feat, especially during the hot summer months. However, there are many reasons that this summer could be the best time to put your house on the market.
Congress Shouldn’t Let Flood Insurance Program Expire
Unless members of Congress take action, authority for the National Flood Insurance Program will expire on July 1.
Why Homeownership Matters
June marks National Homeownership Month, which recognizes the value of homeownership and its positive impact on families, communities and the nation’s economy. This month allows a time to celebrate and promote the American Dream of homeownership and identify the many benefits of owning that roof over your head.
Local Real Estate Organizations Host Fair Housing Event at Civil Rights Museum
This year is the 50th Anniversary of the Fair Housing Act, which prohibits discrimination based on race, color, national origin, religion, sex, familial status, or disability. The National Association of REALTORS® (NAR), which already incorporates the requirements of the Fair Housing Act as well as equal opportunity on the basis of sexual orientation and gender identity into its Code of Ethics, will spend 2018 recognizing the history of fair housing in the nation and how REALTORS® are continual...
Staging Your Home Can Capture Buyers Imagination and Corner the Market
Viewing a house for sale requires buyers to visualize the property as a future place to call home. Would-be buyers often have to rely on their imagination for how they want to design the property as homeowners and what that man cave set-up in the basement could look like.
Raising the Bar of Professionalism
CMR President Rod Crosby has a mission this year of raising the bar among his peers. He has challenged his peers to not only abide by the REALTOR® Code of Ethics, which is an obligation of membership but to reach higher to demonstrate the highest level of professionalism.
When you want to see a house, do you call the name on the yard sign
When sellers put their homes on the market, they hire a professional real estate agent to represent them. The seller hires a listing agent who is a representative of a real estate firm or Broker to market the property for them to get the highest price in the shortest amount of time.
How do appraisers calculate the square footage of a house?
One process involved in purchasing a home is having the house appraised by a Mississippi licensed appraiser to determine value. When a lender is involved, the lender will order an appraisal that includes calculating the square footage of the heated and cooled, finished areas to determine the size. If a lender is not involved, some purchasers choose to engage an appraiser to determine the size of the house.
When Moving into a New Home, First Things First
You have just completed the biggest financial transaction of your life and can now call yourself a homeowner. With the help of a REALTOR®, a member of the National Association of REALTORS®, you purchased your first home, signed all the necessary paperwork and are about to walk up to your front door, keys in hand.
"I'm buying a brand-new home. Why are you suggesting I pay for a home inspection?"
When local home inspector Pam Pybas began performing home inspections in 2003 the idea of inspecting a new construction home was a foreign concept. Pam compares the concept to other industries asking, "what if cars were not inspected before leaving the assembly line or if medical equipment was not inspected before it entered a hospital or if an airplane was not inspected before it took off?"