Who Pays the Real Estate Commissions and Closing Costs?
A recent settlement by the National Association of Realtors (NAR) that went into effect on Aug. 17, 2024, has led to changes related to broker commissions. This settlement includes changes to how real estate commissions are disclosed and negotiated, aiming to increase transparency and fairness for homebuyers and sellers. Let’s look at this realtor.com article to explain who pays what in a real estate transaction.
Neighborhood Philanthropy: St. Peter’s Pumpkin Patch
Oxford is host to some wonderful non-profit organizations that provide for our community in so many ways. We want to provide a glimpse of these organizations each month. The St. Peter’s Episcopal Church Pumpkin Patch is an annual Oxford favorite! Known to many as “the pumpkin church,” St. Peter’s Episcopal has been selling pumpkins each fall for the past 32 years.
6 Best Fall Yard Maintenance Tips
Fall has arrived. We may still be living with hot temperatures, but at least we’ve got SEC football! With the start of Fall, it’s a good idea to prepare your yard for the winter ahead. Here are some great ideas from realtor.com.
Let Us MANAGE Your Property!
Let us MANAGE your property! We specialize in 3 month, 6 month and 12 month rentals. Contact Meredith Killens, our property manager, today to learn more and EXPERIENCE the Neighborhood Realty difference.
Neighborhood Business Highlight: Volta Taverna
Looking for half-priced margaritas and mojitos and some of the best Greek food in Oxford? Started by locals and Ole Miss graduates, Randy Yates and Brooke Krizbai, Volta has been serving its Greek cuisine with a southern twist since 2005.
What is a Buyer’s Agent?
Looking to buy a home? Prepare for a ton of paperwork, stampedes of buyers competing for the same home, and other challenges before you get your hands on those house keys. Having an agent dedicated to YOUR interests can make all the difference! We even have TWO of our agents, Margaret Neely & Brooke Worthy, who have received the special certification, Accredited Buyers Representative (ABR). Let’s learn more about what a buyer’s agent can do for you!
Neighborhood Realty Celebrates Our Three Year Anniversary
Happy 3 Year Anniversary for Neighborhood Realty!
What Is a Realtor?
Realtor, real estate agent, salesperson, broker – there are many names and although there is a lot of overlap in the responsibilities of these roles, there are significant differences. And how do you choose the right Realtor for you? Thanks to this realtor.com article, we can help explain the differences and give you a list of questions you should consider when “shopping around” for your perfect Realtor!
Neighborhood Philanthropy: 2nd Chance MS
Oxford is host to some wonderful non-profit organizations that provide for our community in so many ways. We want to provide a glimpse of these organizations each month. 2nd Chance MS raises funds and awareness for Mississippi’s Adult Education Programs. Specifically, they provide needed financial assistance and help to remove barriers for lower income adult students.
New Rules for Buyers
Did you know that you are now required to sign an agreement with your Realtor before touring a home? As of August 17, 2024, the National Association of Realtors now requires all Realtors to have their buyers sign an agreement BEFORE entering a property. There are 3 agreement options for buyers. If you're not currently working with a Realtor and want to know more, we are happy to help explain the new process.
Let Us MANAGE Your Property!
Let us MANAGE your property! We specialize in 3 month, 6 month and 12 month rentals. Contact Meredith Killens, our property manager, today to learn more and EXPERIENCE the Neighborhood Realty difference.
Neighborhood Business Highlight: Rebel Rags
August brings hot temperatures, the start of school and SEC football! The first Ole Miss football game is set for Saturday, August 31st and the Grove will be busy and bustling with tents, Ole Miss fans and Ole Miss fan gear. Where do most people get their Ole Miss swag? Rebel Rags! We are happy to highlight them this month.
The Pros & Cons of Buying Investment Property for your College Kid
With the University of Mississippi gaining another record-breaking Freshman class, many parents are buying a condo, townhome or house for their college kid to live in while in college. Let’s look at this realtor.com article that breaks down the pros and cons of this ever growing trend.
Neighborhood Philanthropy: Stronger Together Oxford
Oxford is host to some wonderful non-profit organizations that provide for our community in so many ways. We want to provide a glimpse of these organizations each month. Stronger Together Oxford is the community volunteer hub of Oxford, Mississippi. It focuses on local organizations’ needs and helping to set up/recruit volunteers for those needs.
How to Declutter Before Moving
About to move into a new home? There is definitely one thing you MUST do: Declutter BEFORE moving. There is no better excuse to get rid of dead weight than an upcoming move. Check out this realtor.com article for tips.
Back to School!
Local public K-12 schools start back today! Parents, (some) children & teens and the Oxford-Lafayette community are excited to get back to a more routine schedule. We thought we’d share a bit about our two largest public school systems in the Oxford-Lafayette community.
Let Us MANAGE Your Property!
Let us MANAGE your property! We specialize in 3 month, 6 month and 12 month rentals. Contact Meredith Killens, our property manager, today to learn more and EXPERIENCE the Neighborhood Realty difference.
Neighborhood Philanthropy: YMCA Oxford
Oxford is host to some wonderful non-profit organizations that provide for our community in so many ways. We want to provide a glimpse of these organizations each month. The YMCA is an organization whose mission is to put Christian principles into practice through programs that build healthy spirit, mind and body for all. Guided by their core values of caring, honesty, respect and responsibility, the Y is dedicated to giving people of all ages, backgrounds and walks of life the opportunity to reach their full potential with dignity.
Should Buyers Waive a Home Inspection?
A buyer will typically have a contract to purchase with contingencies. These contingencies are meant to protect the buyer. We consider a home inspection to be the second most important contingency in a contract, second to a loan or financing contingency. But should a buyer consider waiving a home inspection? Let’s look at this realtor.com article.
What is a Home Equity Line of Credit (HELOC)?
Many sellers do not want to sell their home, but want to use their home’s equity to get some needed funds. Like a home equity loan, a home equity line of credit (HELOC) allows you to borrow money using the equity in your home as collateral. Let’s learn more about HELOCs from this realtor.com article.