Congratulations on purchasing a home with us in 2019. You may remember us talking about you filing for Homestead. You must apply for Homestead Exemption before Wednesday, April 1, 2020 at 5:00 p.m. on your 2019 home purchase.

What is it?
Homestead is an exemption you can apply for on your property taxes. Every homeowner is responsible for paying taxes on their property, regardless if they have a mortgage or their property is paid for. The local Tax Assessor determines, or assesses, a value for your home and the land that goes with it that you are responsible for paying taxes on. Most of the time the assessed value is different than the amount of money you actually paid for your home.

Are you eligible? 
Anyone who owns a primary residence in DeSoto County can file for Homestead. All you need to do is live in your primary residence on January 1st of the year you wish to file.

Why it’s important: 
Filing for Homestead lowers the amount you must pay for property taxes on your home! Who wouldn’t want to save money for doing nothing other than living in their own home?

Where to go: 

Tax Assessor’s Office

365 Losher Street Suite 100

Hernando, MS 38632

662-469-8029

What you need to bring:

• A copy of your recorded warranty deed
• Your MS car or truck tag numbers
• Social security number for you and your spouse
• Your closing or settlement statement
• If over 65 by January 1st of the filing year, bring proof of your birthday
• If 100% disabled you will need to bring proof of disability from Veteran’s Administration or the Social Security Administration

I filed last year, do I need to file again? No, once you file once, you don’t need to file again unless you move.

Feel free to give our office a call if you have any questions! (662) 349-5550

– Donnie Chambliss & The DC Team, Crye-Leike, Realtors

 Check out our DeSoto County Open Houses happening THIS WEEKEND from 1-5 PM.. See one of our listings that isn’t having an open house? Contact us and we’ll schedule a showing! Click on each photo for more details and photos.

🏡Offered by Donnie Chambliss, CRYE-LEIKE REALTORS, licensed in MS
📞: 662-349-5550
📧: Donnie@DonnieChambliss.com

If your home is currently listed, please disregard. It is not my intention to solicit listings of other brokers.

It is rare that a region is known more by it’s collective identity than by its individual entities. But, such is the case for DeSoto County, MS. A warm, traditional, yet progressive community, DeSoto County boasts attractive and distinct cities in Southaven, Olive Branch, Hernando, Horn Lake and the surrounding communities.

Take a look at our most recent listings below.

Top 4 Renovations for the Greatest Return on Investment!

Check out our DeSoto County Open Houses happening THIS WEEKEND from 1-5 PM.. See one of our Listings that isn’t having an open house? Contact us and we’ll schedule a showing!

Here are five compelling reasons listing your home for sale this spring makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.

Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 47 days.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 4.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on With Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

🏡Offered by Donnie Chambliss, licensed in MS
📞: 662-349-5550
📧: Donnie@DonnieChambliss.com

• In the majority of the country, this weekend marks the start of Daylight Savings Time as we set our clocks forward an hour on Sunday at 2:00 AM EST.
• Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition!
• Spring brings two things: more buyers & more sellers! Get prepared now to stand out in the crowd!