Home for Sale at 2 Charleston Point, Petal, MS 39465

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2 Charleston Point
Petal, MS 39465

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Property Details

List Price:	$320,900
Beds:	4
Baths:	Full: 2
Status:	Active
SqFt:	2289 Square Feet
Agency:	D.R. Horton - Mississippi
Agency Phone:

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	--
Notes:	Step into the Denton at Williamsburg, one of our best-selling floorplans. This home features 4-bedrooms, 2-bathrooms in over 2,200 square feet of comfortable living space with a 2-car garage. As you enter the home through the front foyer, you walk past garage access, a short hallway with three bedrooms. These bedrooms have access to a full bathroom with double sink vanity and shower/tub combination. The laundry room is also positioned down this hallway. The well-appointed kitchen overlooks the living area, dining room, and covered porch. Entertaining is a breeze, as this popular single-family home features a spacious granite kitchen island, dining area and a spacious pantry for extra storage. The primary bedroom, located at the back corner of the home for privacy, has an ensuite bathroom with a double vanity, separate shower and garden tub with a spacious walk-in closet providing ample space for storage. Like all homes in Williamsburg, the Denton includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. Pictures may be of a similar home and not necessarily of the subject property. Pictures are representational only. The Denton is a must-see floor plan so schedule your tour today!
MlsNumber:	--
ListingId:	26661+265-26661-266610000-0067

Listing Provided By:	D.R. Horton - Mississippi, original listing
Phone:	(601) 340-9441
Agent Name:	Hattiesburg Area Sales Information
Disclaimer:	Copyright © 2024 D.R. Horton. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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