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Hernando : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying3
  • Home Selling1
  • Market Conditions0

Activity 15
Sat Nov 7, 2015
Kathy Lewis answered:
640+ is generally needed for a automated approval. Your scores should be fine - assuming no past serious financial hardships like BK, foreclosure, etc. Please contact us below to discuss details.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
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Sat Apr 18, 2015
Chris Jeter asked:
Fri Jan 23, 2015
Tony Garcia answered:
653 is not great but it is not bad.

FHA financing will go as low as 580 with 3.5% down. Conventional will go down to as low as 620 with 5% down.

What I suggest is you reach out to a loan officer and go over your credit and options for financing and see if a rapid re-score is an option. This way you can see what you would need to do to improve and you can decide what is the best course of action for you.

I would be happy to chat if you have any additional questions. Feel free to email me at
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Mon Dec 29, 2014
Beth Davidson answered:
Contact a lender that can work with you on repairing your credit. You would be amazed at what fixing your credit will do for your life and your future. It might take a while but you can do it. Now that you are making money you can really make your money work for you!

Beth Davidson
Hernando, MS
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Fri Aug 9, 2013
Jeff McKelroy answered:
In most instances foreclosed homes are listed at below prevailing market rates for similar sized homes in the area. Because of this it is very common for the bank to receive multiple offers on properties. When this happens the bank generally will give potential buyers a 2nd opportunity to bid. This is referred to as asking for your "highest & best" offer. They generally will select to pursue the highest offer at that point.

If I can be of any further assistance please don't hesitate to contact me at 901-870-8012.

Jeff McKelroy, CRS
Mid-South Real Estate & Auction Co.
1989 Oak Tree Cove #C
Hernando, MS 38632
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Thu Aug 1, 2013
Clint Bolton answered:
Hi! It depends on the market and the comparable sales in your area/neighborhood. If they are favorable you could sale at anytime. However, when you are ready to sale, if the comparable sales/values aren't high enough to clear the amount of money that you need it would be best to stay put and continue to pay down the note so that your equity in the property will increase (that is if you have a mortgage on the property). I would be happy to pull comparable sales/values for you at any time if you decide you'd like to know what the probable sales price would be at any given point.

Please do not hesitate to contact me if you have further questions or if I can be of further assistance to you!

Clint Bolton
Mid-South Real Estate & Auction Co.
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Thu Feb 21, 2013
Sabra Cable answered:
Glad you got an answer from a reliable lender Danelle. They are the go to folks for loans that get you approved first and we are here to assist with your next step. Call if you need me. I do live in Hernando too!


Sabra Cable ABR, SFR
Remax Advantage
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Tue Nov 27, 2012
Annette Lawrence answered:
As Mack pointed out, and the many professionals who will respond to your question will confirm, for most entering into a lease purchase will also result in 'throwing your money away."
There are NO shortcuts to establishing a qualifying credit history. The temptation to take a credit repair/recovery short cut will also result in "throwing your money away."
Here is a great option you should consider. Contact a local lender (NOT at too big to fail) who has a historic record of investing in your community through small business loans, home loans and refinances. These are "A" and "B" graded lenders. The 'Too Big To Fails" are all "F" rated, justifiably.
Simply enter our city or zip code and make an appointment with the lender(s) that appeal to you.

Share with them your desire to purchase and your need for their guidance to get you fully qualified for a home mortgage. They will guide you through the best sequence of steps to reduce your debt, manage your budget, establish saving and create the needed down payment. There will be real discipline required. But, very quickly you will begin to see the magic of fiscal responsibility and the security that follows. It's common sense that is very uncommon.


Here it is:

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
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Thu Jul 21, 2011
Jeff Palmer answered:
It depends on what your plans are as to how you would get a developer. If you would enlighten me on what you plan to do with the property, I would be happy to help.
You are welcome to contact me by email or phone. My profile is on Trulia.
Jeff Palmer - ReMax
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Wed Mar 23, 2011
Bill Eckler answered:
The reality of the "foreclosure" market is that many of these properties have been neglected and are viewed as "fixer uppers." They are in need of considerable work that in many cases goes far beyond cleaning and painting.

Today's non-distressed sale customers must not only price their property competitively with short sales and foreclosures, it's important that these properties "shine" inside and out in order to be competitive. This means clean, freshly paint where necessary, decluttered, maintained plantings, and organized.

Further, it becomes important for real estate professionals to remain commited to changing the buyer's paradigm which is one of believing that the distressed market is the only source of a good buy and that traditional sales can and often do represent excellent opportunities as well.

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Sun May 16, 2010
Pam Simpson answered:
There have been only a few homes in Hernando that have sold in the $280,000-$350,000 price range in the past few months in Hernando MS. The average days on the market for those homes was 60-90 days.

Currently, there are 22 homes for sale in that price range in Hernando MS. The average days on the market for those homes is 190. You can see there is a big difference in the days on the market. The difference can usually be attributed to perceived value.

I have added a link to the April 2010 Hernando MS real estate market report that I just posted. Let me know if I can help you.
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Wed Jan 28, 2009
Pam Simpson answered:
Wish I could have answered sooner but I just saw your question. 38632 is the zip for Hernando, MS. I am including a link to this answer that has market reports for Hernando going back several months. You will see 'Hernando Market Report' highlighted. Click on that and it will bring up the most recent report which will in turn point you to previous reports for comparision. Hope ths helps! ... more
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