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RECENTLY SOLD
- 1/9 9
closed
$129,999
9.6%$117,500
3 Beds1 Bath1,131 SqFt102 N Stone, Fulton, MS 38843
Single Family Home
Listed by BROCON REALTY GROUP, LLC
- 1/29 29
closed
$335,000
2.2%$327,500
3 Beds2.5 Baths2,590 SqFt33 Quail Valley Road, Tupelo, MS 38804
Single Family Home
Listed by BROCON REALTY GROUP, LLC
- 1/18 18
closed
$229,500
1.1%$232,000
2 Beds2 Baths1,399 SqFt814 Clayton, Tupelo, MS 38804
Single Family Home
Listed by Pratt and Associates Realty, LLC
See What My Clients Have To Say!
Rebekah Reed
I had an amazing experience working with Lavetta at Brocon Realty! From start to finish, she was incredibly honest, patient, and knowledgeable. When I asked for her thoughts on homes, she gave me insightful advice. Instead of rushing me through the process, she encouraged me to take my time, think things through, and step back when needed until I found the right home. Her guidance, expertise, and friendly personality made the entire home-buying experience smooth and stress-free. I’m so thankful for Lavetta and will definitely use her again in the future. Highly recommend!
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Nestled in Tupelo, MS: Discover 114 Harvester Square, Tupelo, MS
Nestled in Tupelo, MS: Discover 114 Harvester Square, Tupelo, MS
If you’ve been searching for the perfect home to share with family and friends in a prime neighborhood, look no further than 114 Harvester Square in Tupelo, MS. Just listed at an attractive price of $325,000, this beautifully maintained property is less than 10 years old and is situated on a desirable corner lot with the added benefit of an empty lot next door for extra privacy. Upon entering this charming residence, you’ll be greeted by a spacious open floor plan that seamlessly blends modern design with comfort. The heart of the home is the fully equipped kitchen, ideal for preparing family meals and entertaining guests. Adjacent to the kitchen is a formal dining room, perfect for hosting dinner parties or enjoying nightly family dinners. The living area features a cozy gas fireplace, creating a warm and inviting atmosphere for those chilly Mississippi evenings. With four generously sized bedrooms and 2.5 baths, there’s plenty of space for everyone in the family to have their own private retreat. The owner's suite offers a tranquil escape with its well-appointed en-suite bathroom. One of the standout features of this home is the double car garage, providing ample storage and convenience for busy families. The corner lot location not only enhances curb appeal but also offers additional outdoor space for children to play or for gardening enthusiasts to create their own oasis. This home’s location in a prime neighborhood ensures that you’re never far from essential amenities, schools, shopping, and dining options. It truly provides the perfect blend of suburban tranquility and urban convenience. Don’t miss out on this incredible opportunity to own a piece of Tupelo’s finest real estate. Call today to schedule your private preview of 114 Harvester Square and take the first step toward making this dream home your reality.
MOREWhat Is PMI?
What Is PMI?
When you're in the market to buy a home, understanding the various components of your mortgage is crucial. One term you'll likely encounter is Principal Mortgage Insurance, commonly referred to as PMI. This insurance can significantly impact your monthly payments and overall home-buying budget, so it's essential to grasp what it is and why it exists.Principal Mortgage Insurance is a type of insurance that lenders require from homebuyers who make a down payment of less than 20% of the home's purchase price. PMI protects the lender in case the borrower defaults on the loan. Since buyers with smaller down payments are considered higher risk, PMI offers an added layer of security for lenders by mitigating potential losses.The primary reason PMI exists is to encourage lenders to offer loans to a broader range of buyers. Without PMI, many prospective homeowners might struggle to secure financing, especially those who cannot afford a substantial down payment. By reducing the risk for lenders, PMI makes it possible for more people to achieve their dream of homeownership.PMI payments are typically rolled into your monthly mortgage payment, meaning you'll pay a bit extra each month until you reach 20% equity in your home. Once you've built up enough equity, you can usually request that your lender cancel the PMI. In some cases, PMI may automatically terminate once you've reached 22% equity based on the original purchase price or appraised value at the time of purchase.While no one enjoys paying extra fees, Principal Mortgage Insurance serves an important purpose in the real estate market. It allows buyers with less upfront capital to obtain mortgages and start building equity in their homes sooner rather than later. By understanding how PMI works and planning accordingly, you can better navigate your mortgage options and make informed decisions throughout your home-buying journey.
MOREPreparing My Finances For Homebuying
Preparing My Finances For Homebuying
Buying a home is a significant milestone, and preparing your finances is an essential step in the process. As a potential buyer, understanding the key steps to get your finances in order can make the journey smoother and more successful. Here are some crucial steps to consider when preparing your finances for homebuying.First, assess your current financial situation. Start by reviewing your credit report and score. A good credit score can help you secure better mortgage rates. If your score needs improvement, take steps to pay down debt and make timely payments on all accounts.Next, determine how much house you can afford. This involves calculating your debt-to-income ratio (DTI), which lenders use to gauge your ability to manage monthly payments. A lower DTI increases your chances of getting approved for a mortgage. Use online calculators or consult with a financial advisor to estimate what you can comfortably afford.Saving for a down payment is another critical step. While the traditional 20% down payment is ideal, there are various loan programs available that require less. However, be aware that putting down less than 20% might result in private mortgage insurance (PMI), which adds to your monthly costs.Building an emergency fund is also important. Homeownership comes with unexpected expenses, from repairs to maintenance. Having a cushion of three to six months' worth of living expenses can provide peace of mind and financial stability.Additionally, get pre-approved for a mortgage before you start house hunting. Pre-approval not only gives you a clear picture of what you can afford but also shows sellers that you are a serious buyer.Lastly, consider future financial goals when planning for homeownership. Investing in a home is a long-term commitment, so ensure it aligns with other financial objectives like retirement savings or education funds.By following these key steps—assessing your finances, determining affordability, saving for a down payment, building an emergency fund, getting pre-approved for a mortgage, and aligning with future goals—you'll be well-prepared for the exciting journey of buying a home.
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