Lovejoy Team

Market Report for Rankin County

Reservoir

Flowood & Pearl

Crossgates & Brandon

Richland & Florence

-For the four areas of Rankin County we see a drop from one year ago in the number of new listings.

-We see a significant drop from one year ago in the average list price and average sales price.

-Mixed results in the number of houses that are pending. Reservoir saw a decrease, Flowood/Pearl and Richland/Florence are about the same, and Crossgates/Brandon actually increased.

-The decreases in the pending list prices from one year ago are not as severe as the decreases in new list price. This shows that the houses are being prices more realistically on the front end.

-Number of houses closed is also mixed with some areas up from this time last year, some about the same and some down.

-The ratio of sales price to list price has not changed very much.

-Average Days on Market has increased significantly for all areas except Richland and Florence.

      We are definitely in a down market and if you do not have do sell right now it may be in your best interest to sit tight for a while. However, often times we have not real choice or perhaps the benefits of moving out way the potential lose. If you do need to sell it is more important than ever that you find a quality Realtor to help you though the process. Even in this slow market homes that are well maintained, clean, properly staged, and price right are still selling quickly. There are buyers out there but they have more options right now and they do not have to accept some of the things they had to a year ago. Find a quality realtor to make sure your house wins both the beauty contest and the price contest.

 

It was the perfect family. Charming husband, beautiful wife, two amazing kids.

Happy Little Family

They had just bought a house in a nice well established neighborhood and were putting the finishing touches on their remodel projects. Dad thought he had it all. The only thing that could make it better would be a new baby. He had been trying to talk his wife into having another child for some time and she was not interested.

Well one day as Dad was relaxing on the couch Mom came in to give him some big news.

Lazy Dad

"There is going to be a new addition to the family."

"A baby? We are having a baby? I am so excited", said Dad, "This is going to be great. We can turn the office into a nursery...."

"A baby?", Mom interupted. "I don't think so. I told you, we are done."

"Then what are you talking about?"

"A puppy!"

"What? A puppy? I don't think so."

"I want a puppy. The kids will love her."

"I don't care. We don't need a puppy. We are not home enough. The kids aren't ready for the responsibility."

"At best a puppy just lies around on the furniture. We have kids for that."

 

Lazy Kids

"I am the chief here and what I say goes. We are not getting a puppy."

...Four weeks later...

"A puppy! Thanks Dad! Thanks Mom! She is soo cute!" the kids exclaimed.

"I'm glad you like her." said Dad. "But you are going to have to take care of her. I'm not tending to that dog."

"Oh Dad. Don't be mean."

So that is how the perfect family became the perfect family plus a puppy. But I have to admit. It was a really cute puppy. A free English Bulldog for the Mississippi State family. What a deal!

So time goes by and the puppy grows, and poops, and chews, and poops, and chews some more. Dad does all he can to train the pup, who became his after she grew out of the cute puppy stage. Eventually they get past the worst of it and the little pup is potty trained and no longer eats the cabinets and furniture. Great.

Next thing you know the family decides to upgrade the house. Its been two years and they can now cash out without tipping the KGB, er I mean IRS. Even though they recently remodeled there are a few maintenance items.

Dad looks it all over and comes up with a list of things that need replacing.

Carpets needs deep cleaning to remove remaining potty training stains - $100

In one room the carpet needs replacing because the cute little pup chewed a hole in it - $400

Door trim needs replacing in three rooms, chewing - $250

Bathroom cabinets needs extensive putty and paint work in attempt to repair chew damage - $100

Bathroom door needs replacing due to scratch marks from when the pup was kept there (because she cries when you put her in her crate). - $150

New couch, chewing - $1000

Large chew toy

Then in the backyard, fill in holes from digging, resod to repair damage to grass, replant dug up flower bed - $400

Replace exterior door trim on back door, chewing - $100

So the free puppy ended up costing $2500. Great bargain! Speaking of bargains, email me for a great deal on my chief head dress