Madison & Brandon Mississippi Real Estate Listings, Reservoir, Jackson Homes

FREE Market Evaluation On Your Madison MS Home

pattiherrington — Thu, 23 May 2013 22:40:50 +0000

Woodbury Park Madison MS Subdivision

pattiherrington — Wed, 22 May 2013 18:22:35 +0000

Woodbury Park is located just past Strawberry Patch Park in Madison. This lovely subdivion was developed by one of Madison’s finest developers, James Weaver. Upon entering Woodbury Park you will find a lovely entrance with beautiful landscaping. This cul-d-sac community has many beautiful homes that were built by some of the best builders in Madison County. If you are looking to purchase a home in Woodbury Park, call Stephanie Hall for information on homes currently listed in this wonderful subdivision.

www.brandonmsrealestatehomes.com

Contact Stephanie Hall for more information on this lovely home.

Keller Williams Realty

Phone: 601-955-7176

Email: stephaniehall@kw.com

Call Stephanie Hall for all your real estate needs.

Charlestowne Subdivision Madison MS

pattiherrington — Tue, 21 May 2013 19:01:21 +0000

Charlestowne Subdivision is located in Madison MS. Charlestowne offers homes starting in the $300,000 range and up all with beautiful architectural styling. It is in an awesome location with everything to offer you andyour family. Charlestowne is in the Madison School District, one of the top in the state. Schools for this area are Madison Avenue Elementary ,Madison Avenue Upper Elementary and Madison Central High School.

Madison was chosen by Family Circle magazine as one of the top ten BEST towns for families, and with good reason! Madison has absolutely everything to offer. The best shopping, upscale restaurants, top medical facilities, local events, organizations, parks, gyms, and so much more. Find everything you are looking for at Renaissance of Colony Park. There you will embark on a shopping adventure like no other. Renaissance is world class in dining, shops, and entertainment. There are many local art galleries and shows for the art lover. Do you enjoy cooking? Williams- Sonoma at Renaissance now offers culinary technique classes. Families with children are sure to enjoy all of the area parks and playgrounds. Strawberry Patch Park is a local favorite of all ages that includes running track, playground, and a pond for fishing.

Search homes currently for sale in the Madison Area.

Contact Stephanie Hall for more information on homes listed in your area.

Keller Williams Realty

Phone: 601-955-7176

Email: stephaniehall@kw.com

Call Stephanie Hall for all your real estate needs.

Wright’s Mill Subdivision Madison MS

pattiherrington — Tue, 21 May 2013 00:29:27 +0000

Wright’s Mill is nestled among the stately magnolias, oaks, and pines which overlook the scenic Natchez Trace Parkway in Madison, Mississippi. Situated at 1100 Rice Road, our landmark water wheel and fieldstone wheelhouse evoke memories of an historic era when traffic and commerce once thrived along the Trace. The rich history of the Trace will live on forever, but what was once the major land route through the Deep South is mostly peaceful today. Where horse drawn wagons once cut deep ruts into the red clay, deer and turkey now roam at will. Like the modern day Natchez Trace, Wright’s Mill is quiet and serene. It is a neighborhood of winding avenues in a park-like setting. The past and present come together to form the best of what Southern life is all about in Wright’s Mill.

Contact Stephanie Hall for more information on homes listed in your area.

Keller Williams Realty

Phone: 601-955-7176

Email: stephaniehall@kw.com

Call Stephanie Hall for all your real estate needs.

www.brandonmsrealestatehomes.com

www.MadisonMSHomesNow.com

Reunion Madison MS Real Estate Listings

pattiherrington — Fri, 17 May 2013 16:41:10 +0000

Reunion in Madison Mississippi’s most sought after community. Reunion is located on 463 just 5.8 miles from the I-55 Interstate. Reunion, Madison MS continues to trump all other subdivision in the Madison MS area offering the finest in amenities. Beginning with the exclusive country club, state of the art golf course, 400 acre lake with beach, walking trails, playground, parks, equestrian center, as well as shopping, dining and spa. Lot prices starting at $65,000 which is very affordable considering the amenities.

Madison’s new elementary school, Madison Station Elementary School, is located in the southeast corner of Reunion on Reunion Parkway, soon to be directly connected to I-55 by a new interchange. Reunion families enjoy the convenience they need to send their children to Madison County Schools.Visit madison-schools.c0m website.

Call Stephanie Hall today for information on homes for sale in Reunion. 601-955-7176.

www.brandonmsrealestatehomes.com

Contact Stephanie Hall for more information on this lovely home.

Keller Williams Realty

Phone: 601-955-7176

Email: stephaniehall@kw.com

Call Stephanie Hall for all your real estate needs.

Arbor Square Madison MS

pattiherrington — Wed, 15 May 2013 16:55:30 +0000

Arbor Square is a well established neighborhood and been the place many call home in the past few years. It continues to be a great selling community. Located just off Highway 51 in Madison, Arbor Square is conveniently located to shopping and schools. Average list price is $200,000 and average square footage is 2000 sq.ft.

List of schools for Arbor Square

Madison Avenue Elementary (K-2)
1199 Madison Avenue
Madison, MS
Phone: 601.856.2951

Madison Avenue Upper Elementary (3 – 5)
1209 Madison Avenue
Madison, MS
Phone: 601.856.6609

Madison Middle School
1365 Mannsdale Road
Madison, MS
Phone: 601.605.4171

Rosa Scott
200 Crawford Street
Madison, MS 39110
Phone: 601.605.0054

Madison Central High School
1417 Highland Colony Parkway
Madison, MS
Phone: 601.856.7121

Woodbury Park Madison MS

pattiherrington — Tue, 14 May 2013 16:39:05 +0000

Woodbury Park continues to be one of Madison Mississippi’s little hidden treasures. This cul-de-sac community has many lovely acadian style homes. Located in the heart of Madison near Strawberry Patch Park, which is within walking distance of this beautiful subdivision. Madison Avenue School is just around the corner. Enjoy all the conveniences of Woodbury Park, Madison MS. Woodbury Park was developed by Weaver Developments of Ridgeland, MS. Price ranges average is $300,000. If you are interested in homes currently for sale in this lovely subdivision, call Stephanie for more information today.

Thinking of Buying or Selling…Call Stephanie Today!

116 FOX HOLLOW BEND Brandon MS

pattiherrington — Mon, 13 May 2013 16:30:20 +0000

Welcome home to the sought after Fox Bay floor plan with Master Suite and additional bedroom and bath downstairs. Two bedrooms and bath upstairs off foyer and additional bonus room upstairs from kitchen area. This home has been updated and move in ready. The kitchen features Viking range with gas cooktop and gas oven. Loads of cabinets and counter space,also spacious breakfast area included. Wonderful backyard with patio and gazebo. Most important is the fact that this home is in Fox Bay, where homeowners relocate within the same subdivison to expand or downsize their square footage instead of moving to a different area. Great place to raise a family and a close knit neighborhood where friendships abound.Call Stephanie @ 601-955-7176 to preview this lovely home.

Great For 1st Time Home Buyer

pattiherrington — Fri, 10 May 2013 16:18:29 +0000

This home is ideal for easy living. Nice sized kitchen with area to eat at the built in bar and space for kitchen table. Good sized living area with wood flooring and nice natural lighting. Huge master bedroom with double closets. Enough space for a sitting area. Extra bedroom has plenty of space also. Outside, there is a huge workshop and lot is extended past the fence. One of the largest lots in the neighborhood. Call Stephanie today to preview this home.

How Much Home Can You Afford?

pattiherrington — Thu, 09 May 2013 15:40:14 +0000

Among the most common questions from a home buyer is “How much home can I afford?” The answer, however, like many things, is that “it depends”.

There are no concrete rules for how much home you can afford, or how big your mortgage should be. This is because the way that a mortgage lender calculates your maximum purchase price will be different from how you would calculate it yourself.

Using DTI To Determine Maximum Purchase Price

When a mortgage lender calculates a home buyer’s maximum home purchase price, it doesn’t actually consider the purchase price of the home.

Rather, it looks at the buyer’s expected mortgage loan size and the current mortgage rates to determine the expected monthly mortgage payment, and then compares that figure to the buyer’s monthly income.

This comparison is known as the Debt-to-Income Ratio. Sometimes called DTI, the ratio has two components.

Debt-to-Income : Front-End Ratio

The first component of the debt-to-income ratio is the “front-end ratio”. Front-end ratio compares the expected monthly housing payment to a buyer’s monthly income, where “housing payment” includes all of the following obligations :

Monthly principal + interest payments
Monthly real estate taxes due
Monthly homeowners insurance due
Monthly dues due to an association

There is no maximum limit for a front-end ratio, but lenders prefer to see front-end DTI of 28% or less. In other words, no more than 28% of a buyer’s monthly income should be allocated to housing payments.

Debt-to-Income : Back-End Ratio

The second component of debt-to-income ratio is the “back-end ratio”. Back-end ratio compares not just the monthly housing payments against a buyer’s monthly income, but all monthly payments.

Back-end ratio accounts for all of the following monthly obligations a home buyer may have :

Monthly housing payment(s)
Monthly minimum credit card payments
Monthly child support or alimony
Monthly car payments for a car loan or lease
Monthly payments to an installment loan such as a timeshare

In general, banks want to see a back-end ratio of 36% or less, however, having a DTI over 36% will not automatically disqualify your mortgage application. Many lenders allow up to 45% debt-to-income.

Make A Monthly Household Budget

Using DTI as an example, when 45% of your gross monthly income is spent right off the top, it doesn’t leave much money for saving, investing or living, let alone paying taxes.

Therefore, another approach to the “How much home can I afford” question is to determine the maximum monthly payment you’d like to make towards housing, and then working that figure backwards to find a maximum mortgage loan size.

For example, if you budget for a monthly housing payment of $2,500, and the current 30-year fixed rate mortgage rate is 4%, assuming real estate taxes and homeowners insurance cost 2 percent annually as compared to the value of the home, you work the math backwards to find that your maximum purchase price for a payment of $2,500 is $385,000.

By setting your monthly maximum payment, you can make sure to stay in budget. If you leave it to the bank, you may stretch yourself too thing.