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Home Buying in Hernando : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling1
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Activity 3
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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