Home for Sale at 2 Dogwood Lane, Brandon, MS 39047

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2 Dogwood Lane
Brandon, MS 39047

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Property Details

List Price:	$525,000
Beds:	5
Baths:	7
Status:	Active
SqFt:	3738
Agency:	Turn Key Properties, LLC

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1980
Notes:	This House is Amazing!! 5 Bedrooms and 4.5 Bathrooms. Approximately 3 Acres with a Huge Shop out back on the Property. Shop does have Electricity and Water.!! You walk into the Front Door of this Large Family Home to a nice size Foyer, To the right is an Office over looking Beautiful Landscaped. Font yard with Closet for Storage, Then to the Left is a Full Kitchen with Stainless Appliances and Gas Range/Oven, A Kitchen Bar and a Breakfast Room for Mornings with the Family. A Large Laundry Room is Also on this Floor. A Spacious Entertainment Room or Bedroom with Full Bathroom is situated on this Floor with additional Guest Bathroom. Outside of Office. Upstairs is 2 Bedrooms with 2 Full Bathrooms with Balcony that overlooks the Indoor Pool. Downstairs is a Family Room that also looks over the Indoor Pool with Fireplace, Built In Bookshelves and a Bar Area. Also another Full Bedroom with Full Bathroom ...Walk out that door to a Gorgeous Lap Pool that can be Heated or Cooled.....Then An Additional separate Bedroom that was added later with a Kitchenette, Living Room, A Full Bathroom with a lovely Deck that looks over Property, Approximately 660 sq ft. Lovely Country Living with all the Amenities. Call your Realtor today for a Private Showing.
MlsNumber:	4081582

Listing Provided By:	Turn Key Properties, LLC, original listing
Name:	Turn Key Properties, LLC
Phone:	(601) 672-6808
Office Name:	Turn Key Properties, LLC
Office Phone:	(601) 427-5088
Agent Name:	Cynthia L McCool
Disclaimer:	Copyright Â© 2024 MLS United. 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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