I agree with Doris. Also, if your friend isn't able to sell within a reasonable period of time, consider alternative selling techniques. Any house can be moved rather quickly (compared to conventional selling), by using a lease purchase.... more
I would also invite you to visit my agent blog on Trulia, which discusses how I qualify a home purchase.
It's not that I was bored, I just thought a question about the Jackson market should only be answered by a Jackson real estate professional. I too know builders in the Jackson area. In fact, I know most of them. And even though it is true that larger homes have slowed from their previous pace, there are new ones started each week. There are also new deveoplments that have begun even after the slow down. The new construction market was bound to slow down here because it was growing at an unbelievable pace. I know the largest residential developer in this area and he is still looking for new developments to begin and exisiting ones to expand. The right project can and will work if it is planned properly.... more