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Biloxi, MS

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Biloxi Homes Sales Stats for November 2009

12-21-09
Gerard Maher, CRS Gulfport, MS
Gerard Maher, CRS Gulfport, MS: Real Estate Agent in Gulfport, MS
  • view my blog
  • Office: (228) 865-9998
  • Mobile: (228) 229-4685

Hello Everyone from Gulf Coast Realty!

Here are November's housing stat's for Biloxi and N. Biloxi combined from the Gulf Coast MLS.

The number of SOLD homes/Condos in Biloxi/North Biloxi that sold in November was 25

The Median Price of homes sold was: $129,900
The Average Price of homes sold was: $140,648

The Median Sq. footage was 1765 sq. ft
The Average Sq footage was 1695 sq/ ft

The Average Days on Market was 189
The Median Days on Market was 134



The Number of Available or Active homes/condos for sale in Biloxi/N. Biloxi in November was 496
The Average List Price of Active homes/condos was $250,693
The Median List Price of Active homes/condos was $199,650
The Average Days on Market 238
The Median Days on Market 167



In November, the number of homes/condos that went under contract according to Gulf Coast MLS (usually under reported by agents) was 6

The Average List Price for homes/condos that went under contract was
$138,199

The Median List Price for homes/condos that went under contract was
$143,950

This is the market in November for Biloxi. We will compare over time the trends and fluctuations that occur in the course of the year.

Have a Safe and Happy Holiday Everyone!

If you would like information for your area, or would like to know about values of homes to sell or purchase, contact Gulf Coast Realty at 228-865-9998 or email us at Info@GulfCoastRealty.info

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USAA MOVERS ADVANTAGE

08-25-09
Alice Broadway
Alice Broadway: Real Estate Brokerage in Hurley, MS
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  • Office: (251) 272-1355
  • Mobile: (228) 623-5495

USAA Movers Advantage

I spent weeks trying to become a REALTOR for USAA movers advantage. Well, I was in for a rude awaking, and yes I said RUDE! The program is geared to put money back into the buyers pocket which is great for the home buyer. Only not so good for the REALTOR involved, it is a referral program from USAA MOVERS ADVANTAGE to get money to have for a refund for their clients. The REALTOR involved in the referral process cannot disclose to anyone how the program works. Why, because USAA movers advantage do not wont their clients or anyone else to know the facts. Now that just dont sound Right!

USAA movers advantage gives their clients money back, if they use USAA movers advantage. The Realtor that is referred to them has agreed to give 20-35% of their commission back to USAA, who in return gives "PART" of it back to their client. Yes I said PART of it.

As a Realtor I strive very hard to make the buying and selling process as stress free as possible for my clients. It upsets me to know that USAA movers advantage is the one claiming to be putting the money back into the buyers pocket. When in all actuality it the REALTOR who is giving the BONUS. USAA movers advantage gives only a portion to the buyers and keep the rest.. Now that doesn't sound Fair.

In Alabama and Mississippi , as a Realtor, we are not allowed to give away cash as a gift or bonus to an unlicensed person. So is USAA movers advantage a real estate company licensed.

I urge buyers to find a REALTOR they like, trust and have confidence in. One that will work for their best interest, you will end up better off if your REALTOR works for you and does not have to give up most of their commission.

Buyers say they are working with USAA movers adavantage, but the advantage appears to be more for USAA Movers Advantage than the buyer.

I have helped several Military families find and sell homes in the Mississipi, Alabama Gulf Coast area. I would love to help you too. Call or email me at alice@unitedpros.com

USAA movers advantage

Thank you for visiting my blog, if I can assisit you with your real estate needs please do not hesitate to call.

Contact Alice at: 228.623.5495

www.alicelewis.net

www.unitedpros.com

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Learn More About a REally Different Rent To Own Concept|Biloxi MS Photos from the Hard Rock Casino

05-03-09
Suzi Gravenstuk, Independent Broker
Suzi Gravenstuk, Independent Broker: Real Estate Agent in Gulfport, MS
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  • Office: (228) 447-4470
  • Mobile: (228) 229-9865

If you start a real estate rent to own conversation--you will likely get a variety of reactions. Some people have already been burned by a rent to own company, some people assume that the buyer/renter still have to come up with a big down payment.

All I can say is--for this one time in your life; don't make assumptions. Visit yourself. Get the truth first hand regarding the CAL Group's portable and non-portable rent to own concepts. Learn how you could end up paying an effective rent of 0 while re-building your credit, or while you are staying in a CAL Group Rental while your new single family home is being built.

The CAL Group regularly holds Rent To Own/Build Wealth seminars at the Hard Rock Casino in Biloxi. Usually, this is on a Tuesday evening at 7PM.

The actual meeting spot is in a quiet room you find by walking through the Vibe. The restaurant is closed at this time. You will find the Vibe on the 2nd Floor. Ask any casino employee for directions to the Vibe; and/or for the location of the CAL Group's meeting. Call the office or visit the website for specific meeting times.

Original Photo by Suzi Gravenstuk

I find it hard to resist a photo opportunity. This shot is from the Second Floor of the parking garage at the Hard Rock Casino.

Original Photo by Suzi Gravenstuk

Original Photo by Suzi Gravenstuk

Original Photo by Suzi Gravenstuk

We usually haved a table at the door and will be there to greet you. The meeting room is straight through to the left.

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Q: How do you choose between condos and single family homes?

01-03-09
Jim Wheeler
Jim Wheeler: Real Estate Agent in Biloxi, MS
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  • Office: (228) 435-4255
  • Mobile: (228) 209-3765
  • Secondary: (228) 392-0422
A: Using appreciation as a measure, condominiums in some areas have been as profitable an investment as single family homes in the last five years. And in some markets, condos appreciated even more, according to some experts.

While single family homes have been the preferred investment by home buyers, changing demographics are helping make condos more popular, especially among single home buyers, empty nesters and first-time buyers in high-priced markets.

Also, the condominium community has worked hard in the last few years to overcome image problems brought on by homeowners association and developer disputes as well as all too frequent construction-defect litigation.
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Q: Are there gov't programs for rehab?

12-25-08
Jim Wheeler
Jim Wheeler: Real Estate Agent in Biloxi, MS
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  • Office: (228) 435-4255
  • Mobile: (228) 209-3765
  • Secondary: (228) 392-0422
A: The U.S. Department of Housing and Urban Development's Section 203 (K) rehabilitation loan program is designed to facilitate major structural rehabilitation of houses with one to four units that are more than one year old. Condominiums are not eligible.

The 203(K) loan is usually done as a combination loan to purchase a fixer-upper property "as is" and rehabilitate it, or to refinance a temporary loan to buy the property and do the rehabilitation. It can also be done as a rehabilitation-only loan.

Plans and specifications for the proposed work must be submitted for architectural review and cost estimation. Mortgage proceeds are advanced periodically during the rehabilitation period to finance the construction costs.

For a list of participating lenders, call HUD at (202) 708-2720.

If you are a veteran, loans from the U.S. Department of Veterans Affairs also can be used to buy a home, build a home, improve a home or to refinance an existing loan. VA loans frequently offer lower interest rates than ordinarily available with other kinds of loans. To qualify for a loan, the first step is to apply for a Certificate of Eligibility.

Another program is the Fedeal Housing Administration's Title 1 FHA loan program.

Resources:
* "Rehab a Home With HUD's 203(K)" brochure, U.S. Department of Housing and Urban Development, 7th and D streets S.W., Washington, DC 20410.
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