It's Foreclosure Friday time! Over the last several weeks I've written the Foreclosure Friday series to share a little about the process of finding and buying foreclosures in the Metro Jackson area.
HUD's inventory is down this week, but there are still 35 available properties in the metro area for sale.
One home in Florence, MS is priced $10 a square foot less than its nearest competitor in the same neighborhood. 573 Eaglewood Drive is listed for $108,900 with an "as is" value of $121,000.
Another property, 613 Harvest Drive in Ridgeland, has been reduced from $131,000 to $117,900.
There are a number of foreclosures available through VA, Fannie Mae and Freddie Mac. If you have a particular price range and area that you are interested in, you can search the Jackson MS MLS or subscribe to my blog to receive weekly updates.
Have you received the "green light" to buy a home? Getting pre-approved is an important first step in buying a home, whether you are looking at foreclosures or any other property.
Many people are interested in buying foreclosures because of the value they represent. While it's true that foreclosures can be purchased below market value, giving the buyer instant equity, remember to factor in the cost of repairs. Most foreclosures are sold "as is".
In case you missed any of the previous Foreclosure Friday posts, you can review them here. See you next week!
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Specializing in residential real estate sales in the Greater Jackson, MS area, including Flowood, Brandon, Pearl, Ridgeland, Madison, Richland, and the Ross Barnett Reservoir.
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