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Archive for June, 2008
Steps to buying your Madison MS Real Esate Home
STEPS TO BUYING YOUR MADISON MS REAL ESTATE HOME
Purchasing
real estate is one of the biggest investments you will ever make. It is a
decision that will have lifelong implications, therefore it is very important
to understand the key factors to consider before purchasing real estate. Here
are 10-steps to give you some insight about the home buying process.
Step
#1 – What Can You Afford?
To
find out how much you can afford, it is best to speak with a Mortgage
Professional. To find a good mortgage broker consider consulting with you
friends and/or family members who currently own a home. After talking to a
Mortgage Professional you will know weather or not you need a down payment, how
much of a down payment you will need, your potential interest rate and all of
the necessary criteria required to qualify for a loan. Once you choose your
lender and provide them with the necessary documentation, you will be given a
Pre-Approval Letter that states how much you can afford, your interest rate and
the terms of the loan. Key Points: 1. Not all Lenders are
created equal so it is a good idea to shop around. 2. Make sure you are given a
Pre-Approval letter not a Pre-Qualification letter. 3. Beware of the bait and
switch technique. This is when lenders get your attention by advertising an
attractive interest rate only to increase it after you are locked in.
Step#2
- Choosing the Right Property For You
The
decision of what type of real estate you purchase will consist primarily of,
how much you can afford and your reasons for buying. After consulting with
a lender, you will know what you can afford in terms of a
Condo, Single Family Home, or a Multi-Family
property. The questions you should ask yourself is “What
are my goals for my real estate purchase?” This will help
you better define what type of property suits your needs. The financial
commitment is significant, and not every property fits the needs of its
potential suitor, so it is important that you consider the goals for your
real estate purchase, both short term and long term. For example if it is going
to be your primary residence, you want to make sure it can
comfortably accommodate your current and future family i.e. children
or in-laws. If the market takes an unfavorable turn and it become difficult
to sell then you can still live comfortably in your home until the market
recovers. Key Points: Always consider the short term and long
term goals of your real estate purchase. It all starts with your reasons for
purchasing real estate.
Step#3
- Finding a Home
Now
that you understand the lending process and have narrowed down the type of
property you are looking for, its time to start looking. So where do you
start? I would recommend finding a local real estate professional. You
will have professional representation at no cost to you, and it will surely
make the process a lot smoother. Buyers Agents are paid at closing
by the seller. The total commission is split between the buyer’s agent and the
listing agent
Step#4
- Attorney or No Attorney?
Real
estate brokers and agents are professionals at finding an ideal home and
negotiating the terms, but attorneys are experts at reviewing and explaining
contracts. As a result, it is best to have an attorney review all contracts
before entering into any agreements with the seller. The best way to find a
good attorney is to ask your real estate agent. Real estate agents regularly
work with a number of attorneys in many different capacities and know
which attorneys will be best based on your specific needs. It is in the
agent’s best interest to recommend an attorney that they know is competent,
trust worthy and focused on protecting their client’s interest.
Step#5
- Making an Offer
Before
placing an offer on a home you should know how much it is worth to ensure the
listing price is in line with the actual value. Ask your agent to provide you
with a CMA (Comparative Market Analysis). A CMA compares homes based on size,
location, condition and several other factors to estimate the value real estate
in a given area. As a result you will see what similar homes have recently sold
for. This will give you a better understanding of the market and help you to
better gauge your offer. It is also important to understand that everything is
negotiable. For example if you see any furniture, appliances, a chandelier or
anything that you like, include it in the offer. This strategy can sometimes
give buyers more leverage when negotiating. Even if the seller does not want to
sell their personal property, it gives you the buyer an additional negotiating
point. It also is important to include contingencies in the offer as well. The
most common types of contingencies are a mortgage contingency and an inspection
contingency.
Step#6
- Home Inspection
A
home inspection is an essential part of the home buying process. Every buyer
has a right to have a home inspection and it is extremely wise to take
advantage of that right, even if it is new construction. It is best to ask your
agent to provide you with a recommendation for an inspector. They work with
multiple inspectors and will likely refer you to an inspector that is right for
your needs. Purchasing real estate is the most significant investment many
people will make during the course of their lives. A home inspection will
validate that you are investing in a good home or uncover significant defects
that you would otherwise not have known about until moving into the home.
It is far more valuable to know what you are buying before you buy, than to
invest hundreds of thousands of dollars into a property that is not worth it.
So what happens when the inspector discovers defects? In most instances the
buyer and seller come to a mutual agreement on how to deal with the issues.
Sometimes the seller may agree to take care of the issues. In other instances
the buyer may assume the responsibility for a discount in the price. It really
just depends on the specifics of the defects. As a buyer, it is best to know as
much about your home before you purchase it as possible.
Step#7
- Mortgage Application
Once
of all the terms are finalized following the home inspection, it is now time to
complete your mortgage application. The first step would be to inform your
lender or bank that you have signed a P&S (Purchase and Sale
Agreement). They will ask for a signed copy of the P&S along with
other financial documents needed to complete your loan application. It is
important to get this application in as soon as possible so the bank has as
ample time to process your application. In accordance with the P&S, the
bank must provide the buyer with a commitment letter or a declination letter by
a specific date. The commitment letter states that the bank is going to give
you the loan. The declination letter states that you have been declined for the
loan and cannot purchase the property. If the lender does not supply this, they
buyer runs the risk of forfeiting their deposit if they are not approved or
declined for the loan within the given time. If you need more clarification on
this, ask your real estate agent. Key Points: Make sure the your
lender supplies you with a commitment or declination letter before the
commitment date. If not you could end up losing thousands of dollars.
Step#8
Insurance Binder
After
the bank provides a commitment letter, the only additional requirement is the
insurance binder. Before the bank can complete the loan the buyer must purchase
homeowners insurance. It is best to get three quotes when shopping around for
homeowners insurance. The first quote should come from the provider of your car
insurance. In many instances the insurance company will give you a discount for
insuring your home and automobile with the same provider. You should also
gets recommendation from friends & family and your Realtor. These are all
sources that you can trust and it will insure you get the best. The insurance
binder is then sent to the lender prior to closing. Now the funds are all set
to be released on the specified closing date.
Step#9
- Reviewing The Settlement Statement
1-2
Days before you close, the closing attorney, who represents the bank lending
you the funds, will provide you and the seller with a settlement statement
(also called a HUD) for your review. It is important that you, your attorney
and your Realtor review the charges, fees and adjustments to ensure everything
is correct. The HUD will have all of the information such as the closing costs,
tax adjustments, utility adjustments your real estate rebate and several other
fees. It will also state the amount you need to bring to closing. Any funds
brought to the closing should be done in the form of a certified or bank check.
Note: The seller will have to make sure the home meets the
local fire code and provide final utility bills prior closing.
Step#10
- Closing
So
what do you need to bring to the closing? you will need at least 2 forms of
identification, a certified or bank check for any additional funds and a good
pen for all of the documents that you will be signing. The closing is typically
attended by the buyer(s), seller(s), closing attorney, your attorney and the Realtors
involved in the transaction. Your attorney will explain all of the
documents to you prior to signing any of the disclosures at the closing. Once
you are finished signing, you will receive your keys.
The Herrington Realty Company realizes
that buying a home is big responsibility and we are committed to providing
others in our communities with information concerning homeownership.
If we can assist you with your current property or help
you select your next
home, please contact us and we will be glad to answer any questions you may
have.
Our team of
experts specializes in making dreams come true in the Brandon
MS and Madison MS area.
Trace Ridge – Ridgeland MS Real Estate
Trace Ridge – Ridgeland MS Real Estate
The residents of Trace Ridge, Ridgeland
MS take pride in this lovely neighborhood.
There is a true concern about the surroundings in the neighborhood, both
upkeep and security. Trace Ridge,
Ridgeland MS located off Jackson Street, just east of Highway 51, provides
one of the easiest access points in Ridgeland to the interstate, Highland
Colony Parkway, and to Highway 51.
Virtually all parts of Ridgeland,
MS may be reached within a few minutes from Trace Ridge
Subdivision. If you are looking for
convenience, Trace Ridge is hard to beat.
Trace Ridges offers an
attractive and relaxing atmosphere for you and your family to enjoy. If you like to walk, you won’t be alone. In addition to walking or jogging within
Trace Ridge, Ridgeland MS Multi-Use Trail is close to Jackson Street and
Highway 51. Within a short walk or bike
ride, the beauty of the Nathcez Trace’s woodlands can surround you.
The Trace Ridge Community Homeowners Association
organizes many events that make it easy to get know neighbors throughout
the subdivision. The Fourth
of July Parade has become a tradition in Trace Ridge. There parade is complete with children’s
wagons, walkers and their dogs, four-wheelers, bicycles, etc.
The CHOA strives hard to bring
everyone in the neighborhood into a closer relationship with each other. The Trace Ridge website, www.traceridgechoa.org, states, “The
quality of our community rests in the relationships of our residents. We offer you the opportunity to meet your
neighborhoods and develop life long relationships. The website is a very informative site listing small neighborhood
groups of interests and serves as a networking tool and also challenges
residents to be good neighbors and get involved.
Trace Ridge residents take
pride in their homes including the maintenance of fresh paint and
landscaping. The front entrance of Trace
Ridge, Ridgeland
MS has seen some recent improvements.
The brick pillar has been replaced, along with new plants, new sprinkler
system and a new lighting system.
For a friendly and attractive
atmosphere, with convenient location and superb property values, make the move
to Trace Ridge Subdivision, Ridgeland MS.
Click here
for more GREAT neighborhoods in Ridgeland, MS!
Thinking of Buying or Selling Your Home?
Contact The Herrington Realty Co. Today or Visit Us Online at www.herringtonrealtyco.com.
Make the Move to Ridgeland MS
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Another GREAT Reason to Make the Move to
Ridgeland, MS
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Northsiders will
soon have a new choice when shopping along Old Canton Road in Ridgeland
MS. The Ridgeland Board of Aldermen
recently approved a site plan for the Trace Trail II shopping center, a
16,000 -square-foot center that will be located at the corner of Old Canton and
Rice Rd., Ridgeland MS.
Construction on the project was
expected to shortly after the vote earlier this month. The project will more than double the amount
of retail space at – the first facility is 13,000 square feet – and offers
residents needs that aren’t already met locally. This project is to be a neighborhood center with business and
services that benefit people in a one -mile radius. The owner Tabor Weissinger would like to see learning centers,
fitness facilities, medical professionals, dry cleaners, take-out restaurants,
salons and other businesses.
The area along Old Canton Rd., Ridgeland,
MS is experiencing significant growth.
Retailers in the area are already benefiting from high traffic counts.
David Crumley, the architect for the project, described Trace Trail II
as the “twin brother” of existing retail/office development Trace
Trail I, also at the corner of Rice Rd. and Old Canton. In addition to the twin buildings, Weissinger
has developed a new retail/office center about 50 yards south of the
“Trails” called Trace Harbour Village, a 33,000-square-foot
development situated on Old Canton just north of Lake Harbour Drive. All three
Old Canton area developments also are still leasing tenants, though Trace
Trail I and Lake Harbour Village have already signed several
tenants andTrace
Trail II could potentially house an insurance company
and several retail stores.
The developments seek to attract service-oriented
tenants, such as medical offices and dry cleaners, for example. They won’t
lease to any business that could potentially hurt the value of the area. Trace
Trail I thus far houses offices for Allstate insurance agent Mark Doiron
and attorney Robert Harrison. A 1-2-3 Fit personal training facility will join
them soon. Trace Harbour Village
includes a Snap Fitness 24-hour
fitness center, full-service dental facility Old
Canton Dental Care, instructional golf facility In View Golf, Bangz hair
and nails salon and professional tenants such as attorneys and CPAs.
Thinking of buying of selling?
Call The Herrington Realty Co. Today or visit us online atwww.herringtonrealtyco.com
If you would like to know what
homes have sold for in your neighborhood and want a free market evaluation on
your home click on the Home Value Button now.
Relocating to the Jackson MS. Metro Area?
| It will be the Best Move You Make! We are committed to making your move to our area a smooth transition. Our team of professionals will provide you with a complete RELOCATION PACKAGE designed with your needs in mind. We’ll help familiarize you with every aspect of our city, from our schools and neighborhoods, to local government and taxes. You and your family will be assigned to a sales associate who will answer any questions you may have about your relocating process. Upon arrival, your sales associate will conduct a personalized tour of the area, showing you properties, schools and neighborhoods chosen specifically for you and your family. We look forward to working with you. |
Lost Rabbit, Madison MS Real Estate
LOST RABBIT’S TOWN CENTER UNDER CONSTRUCTION
Construction
of Lost Rabbit’s town center should be complete in the next 18 months, with the
first buildings already being built.
Lost Rabbit is a 260-acre master-planned community located approximately
12 miles northeast of Jackson, Mississippi,
in Madison County, MS. Situated
on some of the most beautiful land in central Mississippi, Lost Rabbit, Madison
MS overlooks the 33,000 acre Ross Barnett Reservoir with
almost a mile of shoreline, and is sheltered by the Natchez Trace Parkway at
the end of Hoy Road, just east of the city limits of Madison, MS.
The town
center will be the heart and soul of Lost Rabbit, Madison MS. With three
buildings currently under construction, the development of a village of water
is becoming a reality. Each building,
at a cost of $20 million, will offer 72,000 square feet of commercial and
residential space on Lost Rabbit’s
marina at the Ross Barnett Reservoir.
The initial project in what will eventually be a five- block town center
involves four architects
and three developers
and builder.
The
100 Port Street Madison, MS building
includes retail space on the first floor, office space on the second floor and
luxury condos on the third floor. Pinnacle Trust is one of the many tenants
expected to move into the building. At the Republic Street building, nine
three-story units may be customized to accommodate residential and commercial
space. The building will feature balconies,
terraces and a courtyard. On the send
and third floors will be four three-bedroom condos. The first floor will be reserved for commercial space. The loft style structure will include garage
parking and elevator access. The marina
will include 124 boat slips, and additional town center buildings are being
designed for 2009. Construction of the
mixed -use Lost
Rabbit, Madison MS began in 2004
between the Natchez Trace Parkway and the Ross Barnett Reservoir. Lost Rabbit neighborhood of Madison,
MS offers its residents the following amenities:
- Marina (120+ slip facility
scheduled to open in the Spring of 2008) - Tennis
- Health Facilities
- Walking trails (some of the
trails are complete and many others will be continually added as the
development grows) - Playgrounds (our first
playground is scheduled to open in the Spring of 2008) - Swimming pool
- A Town Center, located adjacent to the marina (first
buildings to begin early 2008)
Click
here for more information about the City of Madison,
MS.
Thinking of buying
or selling your home? Contact The Herrington Realty Co. today or visit us
online at www.herringtonrealtyco.com.
Madison MS Real Estate- Twin Harbor
407 Traceview is located in Twin Harbor
Subdivision. Although Twin Harbor
Subdivision is located in beautiful Madison MS it’s less than ¼ mile
from the reservoir located in Brandon MS. The Ross Barnett Reservoir offers you and your family a place to
launch your boat and head out to the big water! Enjoy fishing, skiing,
kayaking, boating or nature watching in the great out of doors surrounding the Ross Barnett Reservoir. The Ross Barnett Reservoir is located along
the Pearl River where you will not only enjoy water activities, but there are
campgrounds and parks open to the public all year round.
The City of Madison, MS has something for
everyone. If water activities are not
for you, perhaps you’ll enjoy golfing at the gorgeous Whisper
Lake Country Club. This private
country club is open to both men and women offering a restaurant,
pool, tennis courts and golf lessons to its members.
When you make 407 Traceview your home, your
children will enjoy learning at the highly rated Madison County Schools. This Madison MS home features a new
roof and hot water heater offering its next owners 1253 Sq. Ft of loveliness. This
home has been recently updated with
new paint inside and out. It has a huge fully fenced backyard offering lots of privacy
with trees, deck and storage building. You can park your boat or RV in this
backyard. 2-car carport also has
lockable storage area. New paint inside and out, separate foyer and living
room. Living room has ceiling fan and fireplace. Kitchen features ceramic tile,
electric stove, oven and dishwasher, and eat in area. Large laundry room has
storage space. Walk up attic has
floored storage space.
Low Madison
County taxes, homeowner is offering buyer a one-year home warranty. All
bedrooms have walk in closets. Outside
lighting and covered front porch. Move in ready and waiting for your family!
Please contact The Herrington Realty Co. today to make this house your home. We have several new construction and existing homes to make your dream of homeownership a reality. The Herrington Realty team is eagerly waiting to assist you with your next move.
 Front |
 Family Room |
 Kitchen |
 Kitchen |
 Master Bedroom |
 Master Bath |
 Storage Shed |
 Dining Area |
 Deck |
 Storage Shed |
Schools in the Jackson, MS Metro Area
PRIVATE
SHOOLS IN THE
JACKSON
METRO AREA
|
Grades: Pre-K-12 P.O. Box 14978 Jackson, MS Phone: 601.362.9676
|
Grades: K – 6 1390 North State Jackson, MS 601.355.1731
|
Grades: K – 6 752 S. Pear Orchard Ridgeland, MS 601.978.2272 |
|
Grades: 7 – 12 P.O. Box 4940 Jackson, MS 601.939.8611
|
Grades: Pre- K-12 7601 Old Canton Rd. Madison, MS 601.856.4455 |
Grades: Pre-K – 12 4120 Old Canton Rd. Jackson, MS 601.982.5065 |
|
Grades: Pre-K- 6 100 Holly Drive Jackson, MS 601.366.1157
|
Grades: 7 – 12 308 New Mannsdale Madison, MS 601.898.4800 |
Grades Pre-K – 12 370 Old Agency Rd. Ridgeland, MS 601.853.6048 |
|
|
Elementary-Middle-High 1240 Luckney Rd. Flowood, MS 601.992.5333 |
|
Mississippi Specialized Schools
Mississippi School for the Arts
School District
Mississippi School for the Blind
Mississippi School for the Deaf
Mississippi School for Mathematics &
Science
Jackson Metro School Districts
Canton Public Clinton Public Hinds County
School District School
District School District
Jackson Public Madison County Pearl
Public
School District School District School
District
School District
12 Reasons to Use a Realtor
When it’s time to put the house on the market, many
people wonder if they are better off selling as a “by
owner” or using the services of a realtor. The following are 12 steps why you should use a qualifed realtor when selling your home.
1. Establishing the right price. When selling your home, a realtor can
give current information on the marketplace and the price, financing,
terms and condition of competing properties. These are key factors in getting your property sold at the
best price, quickly and with minimum hassle.
2. Providing objectivity. When selling a realtor can provide an unemotional view
of the home and what needs to be added or subtracted to make it more
appealing for buyers.
3. When, where and how to market your property. Marketing that attracts offers, not
just lookers. A coordinated
marketing campaign using the right combination of print advertising,
direct mail and Internet ensures your home receives maximum exposure. An experienced realtor can advise you
on cost-effective strategies for ensuring your home looks its best to
potential buyers.
4. Identifying qualified buyers. A realtor is able to pre-screen
prospects to determine their qualifications before bringing them to you.
5. Knowing your market. As trained professionals who may have seen hundreds of homes
similar to yours and know their features and selling prices, a realtor is
well qualified to set a price that can bring the maximum number of offers
for your home.
6. Bringing
buyers and sellers together. A
realtor may already have a buyer for your home! Successful realtors are
continually replenishing their rosters of potential buyers, as well as
networking with other real estate professionals who may have the prefect
buyer for your home.
7. Stress reduction.
Are you prepared to show your home in the middle of the
day? Every weekend? Realtors have the time to show your
home whenever it is convenient for a potential buyer. It’s their job. And they are available to respond
quickly and courteously to inquiries by phone call, email and fax. Think of a realtor as your personal
home sales assistant.
8. Assistance with property inspections. Depending on the area and property,
this could include inspections for termites, dry rot, asbestos, faulty
structure, roof condition, septic tank and well tests, just to name a
few. A realtor can assist you in
finding qualified responsible professionals to do most of these
investigations and provide you with written reports.
9. Evaluating proposals. A realtor can help you
objectively evaluate every buyers’ proposal without compromising your
marketing position.
10. Preparing binding contracts. A realtor can help you write a
legally binding, win-win agreement that will be more likely to make it
through the process.
11. Financing options. A realtor knows a lot about the different financing
options available to you.
12. Negotiating and closing assistance. A realtor can guide you through the
closing process and make sure everything flows together smoothly.
The Herrington Realty Company
realizes that selling your home is a big responsibility and we are committed to
providing others in our communities with information concerning the sale of
their home.
If for any
reason you are unable to sell your own home, please keep the Herrington Realty Team
in mind. If we can assist you further with your current property or even
help you select your next
home, please contact us and we will be glad to answer any questions you may
have.
The Herrington Realty Company
has several listings available in the Brandon MS,
Ridgeland MS and the Madison MS area. We
would love to assist you with your next move.
Improving Curb Appeal for Your MS Real Estate Home
Curb
Appeal will help you increase the value of your home with updates to
landscaping and the home’s exterior. It is a well-known fact that most
potential homebuyers decide whether or not to look inside a home based on the
view they see when they drive by. It is
sometimes difficult to look at our own house in the same way that potential
homebuyers do, because we’ve become accustomed to the way it looks and
therefore we usually don’t see anything wrong. Decide right now to stop thinking
of the property as a home. It’s a house-a commodity you want to sell for the
highest dollar possible.
Pretend
that you’re not the owner and answer the following questions:
- What is your first impression of the house and yard area?
- What are the best exterior features of the house? Can they be
enhanced? - What are the worst exterior features of the house? How can you
improve them?
Here are some things you can do to get a better idea of
what the potential buyer sees when considering viewing the home:
Park where a potential buyer would and walk towards the house,
looking around you as if it were your first visit. Jot down what you think is
acceptable and unacceptable. Now, what
can you do to make it more attractive?
Take photos of the home’s exterior. What do you see? Are the
photos appealing to you? If you were
the potential buyer would you take a second look at the photo? E-mail some the photos to your friends that
believe in brutal honesty. What do they
think about the curb appeal?
Make
a list of the problem areas you discovered. Tackle clean
up and repair chores first, then put some time into projects that make the
grounds more attractive.
- Kill mold and mildew on the house, sidewalks, roof, or driveway.
- Stow away unnecessary garden implements and tools.
- Clean windows and gutters.
- Pressure wash dirty siding and dingy decks.
- Edge sidewalks and remove vegetation growing between concrete or bricks.
- Mow the lawn. Get rid of weeds.
- Rake and dispose of leaves, even if your lot is wooded.
- Trim tree limbs that are near or touching the home’s roof.
If you brainstorm, you’ll find
that there’s a solution to most problems-one that lets you stay within your
budget. The trick is to find the areas where improvements are needed, then work
on them as best you can.
When you’ve made the final
touches to enhance curb appeal and are ready to market the home contact our Team of Experts. We market and list your home for the world
to see! If you’re in the market for
buying a home, please use our MLS search with confidence
knowing that you are viewing all properties that are currently listed in the
Jackson Metro area as our welcomed guest. The
Herrington Realty Company has several listings available in the Brandon
MS, Ridgeland MS and the Madison MS area. We would love to assist you with your next
move.
Relocating to the
Jackson Ms. Metro Area? Our team of
realtors will be happy to help you in your move to Madison, Jackson, Brandon or
Ridgeland MS areas.
Getting Ready to Buy Your Madison MS Real Estate Home
Is now the right time for you to buy a home? You
have many options to consider and choices to make. Buying a home is a big
responsibility, financially and emotionally, but thousands of people have taken
the giant leap towards homeownership.
Whether you can afford to purchase a home
depends on how much the home costs, how much you earn and how much you
currently owe. The first step towards
homeownership is pre-approval from a mortgage
lender. The lender will request
your credit from the credit bureau. It would be wise to request your own copy
of your credit report beforehand to avoid any unexpected surprises. You can obtain a free copy of your credit
report annually by visiting https://www.annualcreditreport.com/cra/index.jsp. Upon receipt of your credit report verify
that all debts and payments are recorded correctly.
Here are some helpful tips to avoid the credit mistakes
during the loan process.
1. DO NOT APPLY NEW CREDIT. Not even those with the wording, “You
Have Been Pre-Approved. This is very
important because each time you have your credit pulled by a credit or lender,
you immediately lose points from your credit score. You could possibly lose anywhere form 2 – 50
points for one hard inquiry.
2. DO NOT PAY OFF COLLECTIONS OR CHARGE
OFFS. Contrary to what most of us
believe paying off collections/charge offs will immediately decrease your
credit score due to the date of last activity becoming recent. If you’re considering paying off old debt
you may want to do through escrow. Be
sure to validate that the credit is yours and that the creditor agrees to give
you a letter of deletion.
3.
DO NOT
CLOSE CREDIT CARD ACCOUNTS. If you close a credit card account it
will appear to FICO
that your debit ratio has gone up.
Closing a card will affect other factors in the score such as length of
credit history. It would be wise to
wait until after home closing to close any credit card accounts.
4. DO
NOT MAX OUT OR OVER CHARGE YOUR CREDIT ACCOUNTS. This is
the absolute fastest way to reduce your credit score by 50 – 100 points. Try to keep your credit card balances below
30% of their available limit during the loan process.
5. DO NOT
CONSOLIDATE YOUR DEBT ONTO 1 OR 2 CREDIT CARDS. When you
consolidate all of your debt onto one card, it appears that you are maxed out
on that card and the system will penalize.
Maximizing interest rates can safely be done ONLY after the closing of
your home loan.
6.
STAY
CURRENT ON EXISTING ACCOUNTS. Mortgage and car payments should ALWAYS
be paid on time. ONE 30-day late can
cost you anywhere from 30 – 75 points on your credit score. It’s not worth the risk.
7. CONTINUE TO USE YOUR CREDIT AS NORMAL. Red Flags are raised easily with the
scoring system. If it appears that you are changing your pattern, it will
raise a red flag, and your score could go down.
8. CALL YOUR BROKER if you receive something in the mail from
a creditor or collection agency that you believe may affect your score during
the loan process. Your broker may be able to supply you with the
resources you need to stop any derogatory reporting to the bureaus.
Selling
your Madison MS property? Make sure you have it marketed for all eyes to
see! YOUR Madison, Brandon, Ridgleand MS
REAL ESTATE TEAM markets and lists your home FOR THE WORLD TO SEE!!! Not
just those looking here in MADISON MS, but people all over the country will see
your home for sale.
New Castle Subdivsion – Madison MS Real Estate
Three bedrooms and two
baths sitting on 1.1 acres await you in peaceful, tranquil New Castle
Subdivision of Madison MS. This charming home features a separate
foyer, formal dining room with wainscoting and laundry room with sink and
storage cabinets. The kitchen is large and has an area for eating in, a built
in wine rack, and built in desk area for studying, computer games, or paying
bills. The great room in this Madison MS home features a tray ceiling,
built-ins, gas fireplace with marble surround, and heart of pine flooring. It
is open to the kitchen and game room beyond. Split plan with oversized 2nd
and 3rd bedrooms with walk in closets. Master bedroom has his and
her walk in closets, his and her vanities, and separate water closet, jetted
tub and stand up shower. Foyer, living and dining rooms have beautiful heart of
pine floors. Kitchen and baths have ceramic tile floors and countertops. Come
play in the huge game room with fireplace and room for billiards, foosball and
table tennis Game room and bedrooms are carpeted. 9 foot plus ceilings, ceiling fans and backyard has wooden
pergola and patio.
New Castle Subdivision
is less than 5 minutes from I-55 yet has a peaceful country feel. Tranquil and serene acreage surrounds you. New
Castle Subdivision features a lake and the estate size lots ensure
privacy. Retreat to your peaceful home
and enjoy the luxurious out of doors at 131
Normandy Circle in New Castle Subdivision of Madison MS where your children
are sure to enjoy learning at the highly rated Madison MS schools. Madison MS not only offers great schools for the academic
development of your children but this great city offers many places of worship for the
spiritual the development of you and your family as well. City of
Madison, MS offers you and your family several fun filled events sure to keep you
coming back for more.
If
you would to make this New Castle beauty home for you and your family contact The Herrington Realty Company
Today. We have team of experts waiting
to assist you with your next move. If
you need to sell your home we can help with that too. Contact
us today to start the process.
 Front |
 Entrance |
 Marble Fireplace Surround in Living Room |
 Living Room with Built Ins |
 Separate Den with Built Ins |
 Kitchen |
 Built in desk in Kitchen |
 Master Bedroom |
 New Castle Entrance |
 Tray Ceiling in Living Room |
