Will We Ever See 3% Mortgage Rates Again?

by rexannesellshomes | May 9, 2025 | Buying a Home, Selling Your Home

Will We Ever See 3% Mortgage Rates Again?

Let’s be honest—those 3% mortgage rates we saw during the pandemic weren’t just rare… they were historic. And unless another once-in-a-generation crisis rolls through (please, no thank you), those days are probably gone.

Sure, anything’s technically possible. But based on what financial pros are saying, don’t bet the farm on rates dropping back into the 3% range anytime soon. Why? Because the only thing that pulled them that low in the first place was economic chaos. We’re talking pandemic-level disruption or a full-blown financial meltdown like 2008.

Mortgage expert Michael Merritt put it plainly: getting back to those rock-bottom rates would require “a dramatic economic event.” Translation? If rates do drop that low again, it likely means something has gone very, very wrong.

And Kevin Leibowitz, another industry veteran, flat-out said the chances are “close to zero.” That’s about as subtle as a sledgehammer.

Here’s the main issue: The Federal Reserve is still laser-focused on keeping inflation in check. That means interest rates need to stay higher than we got used to in the COVID years. The near-zero benchmark rates that made those sweet 3% mortgages possible? They’re off the table unless the economy takes a hard hit.

So while we all loved those ultralow rates while they lasted, hoping for a repeat could mean waiting for the kind of economic storm nobody wants to weather.

Bottom line: plan for today’s reality, not yesterday’s anomaly. A good mortgage strategy is less about chasing unicorns—and more about working with a pro who can help you win in this market.

red brick city building with an American flag in Oxford MS

Are you thinking about buying or selling a home in Oxford, MS or the surrounding communities? I’m here to help you navigate all aspects of the process so you can buy smart. Call or text me to talk strategy.

Rexanne Collins
REALTOR @ Epique Realty – Oxford

“Because the right changes everything.”

C: 662.586.1640
O: 888-893-3537
Email: RexanneSellsHomes@gmail.com

Rexanne Collins Top Real Estate Agent Oxford MS

10 Things to Do Before Listing Your Oxford, MS Home for Sale

by rexannesellshomes | Jan 19, 2025 | Preparing to Sell Your Home, Selling Your Home

STOP! Don't List Your Home for Sale Before Doing These 10 Things

As long as your home has been cared for, selling your Oxford home fairly quickly isn’t a huge feat. As of December 2024, homes in Oxford, MS were selling at around 110 days on market. That’s pretty quick for the winter months!

But selling quickly AND getting the best possible price for your home requires some strategy. One of the elements of that strategy is staging your home. By thoughtfully preparing your property, you can help potential buyers envision themselves living in your home and make your home more appealing and marketable.

You may be wondering if all of this is really necessary, but the right preparation can greatly improve your potential for higher offers and even multiple offers.

I’m excited to share some essential home staging tips you should consider before you list for the world to see.

a beautiful, lush yard with gorgeous landscaping, green grass

1. ENHANCE CURB APPEAL

First impressions matter, AND you only get one chance at it. Ensure your home’s exterior is inviting is an absolute MUST. You can do this by:

Pressure washing the exterior of your home (including front porch, back porch/patio, and windows.
Mowing the lawn and trimming hedges (keep it this way through closing day).
Adding seasonal flowers or plants to your flower beds, front porch, and back patio (don’t forget the area where your mailbox is located).
Cleaning driveways and walkways.
Repainting and/or cleaning the front door (choose the option that will yield the best results, even if it means doing both).

A well-maintained exterior sets the tone for what buyers can expect inside.

2. DECLUTTER & DEPERSONALIZE

Create a neutral space where buyers can imagine their own belongings without being overwhelmed and distracted by yours:

Remove personal photos and memorabilia.
Clear out excess furniture to make rooms feel larger.
Organize closets and storage areas.

A tidy, uncluttered home appears more spacious and allows buyers to focus on the property, not the items in it.

It can also imply your move out process will be timely and less intensive since there is not so much “stuff” to deal with.

3. DEEP CLEAN EVERY SPACE

A spotless home suggests it’s been well cared for. This is a step that can be outsourced if you don’t enjoy cleaning or don’t have the time. It’s important to maintain this cleaning throughout the process of selling your home. Bonus: The buyer may not even ask for it to be professionally cleaned if it’s already spic and span.

Clean windows (inside and out), floors, baseboards, and all surfaces.
If the walls are dirty, clean them. If they are dusty, use a broom or dust mop to remove the dust.
Don’t forget to look up. Check for cobwebs in the corners and on the ceiling.
Eliminate odors by addressing their sources.
Pay special attention to kitchens and bathrooms.
Don’t forget the dust that collects near the baseboards (on the floor), under beds, etc.
Minimize the items in the closets.

Consider hiring professional cleaners to ensure every nook and cranny shines.

4. NEUTRALIZE COLOR SCHEMES

Appeal to a broader audience by using neutral colors:

Paint walls in soft, neutral tones like beige, gray, or off-white.
Use complementary colors for accents and decor.

Neutral palettes allow buyers to envision their own style in the space.

*Ask me about my free download: Best Interior Paint Colors to Sell Your Home for More handout! DM me on Instagram, Facebook or text me!

White kitchen with large windows island and stainless

5. HIGHLIGHT KEY FEATURES

Draw attention to your home’s best attributes:

Arrange furniture to showcase focal points like fireplaces or large windows.
Ensure ample lighting in areas you want to emphasize.

Proper staging can make these features stand out, adding value in buyers’ minds.

6. MODERNIZE AND REPAIR

Draw attention to your home’s best attributes:

Arrange furniture to showcase focal points like fireplaces or large windows.
Ensure ample lighting in areas you want to emphasize.

Small investments in repairs and updates can prevent low offers or prolonged listing times.

elegant living room with light colored walls and tall windows

7. CREATE INVITING SPACES

Help buyers feel at home:

Set the dining table with attractive place settings.
Arrange fresh flowers in key areas.
Use plush towels and appealing accessories in bathrooms.
Use wax wamers or plug-in air fresheners to provide a fresh, pleasing aroma (see below). Avoid scents that are overwhelming and loud.

These touches can evoke a sense of comfort and warmth.

8. OPTIMIZE LIGHTING

Bright homes feel more welcoming:

Open curtains and blinds to let in natural light.
Use mirrors to reflect light and create a sense of space.
Ensure all light fixtures have working bulbs with appropriate wattage.

Layered lighting, combining ambient, task, and accent lights, can enhance the ambiance.

9. DEFINE EACH ROOM'S PURPOSE

Avoid confusion by clearly staging each area:

Set up a home office in a small bedroom or nook.
Arrange the basement as a recreational area.

Defined spaces help buyers understand the full potential of your home.

10. CONSIDER VIRTUAL STAGING

For vacant homes, virtual staging can be a cost-effective solution:

Use digital tools to furnish and decorate photos of empty rooms.

While this doesn’t remedy an empty home, this approach provides buyers with a visual via digital photographs of how spaces can be utilized without the expense of physical staging.

HOT TIP: I have access to the resources needed to create an inviting virtual space.

Are you considering selling your home? Text or call me at the number below to schedule a time to meet with me. I’ll perform a walk-through of your home to look for any essential repairs that need to be considered, as well as, make suggestions for areas that could benefit from staging.

Rexanne Collins
HomeGirl & Real Estate Pro
@ Epique Realty

“Because the right changes everything.”

C: 662.586.1640
O: 888-893-3537
Email: RexanneSellsHomes@gmail.com

The Truth About Selling Your Home ‘As-Is’ in Oxford, MS

by rexannesellshomes | Sep 13, 2024 | Selling Your Home

Let’s be real—selling your home “as-is” sounds like the path of least resistance. No repairs, no fuss, just list it and wait for offers to roll in, right? Well, not so fast. In reality, listing your property “as-is” can send potential buyers a giant red flag. It’s like trying to sell a car without letting anyone look under the hood. Suddenly, everyone starts asking, “What’s wrong with it?”

In the competitive world of real estate in Oxford, MS, where buyers are smart and the stakes are high, selling a home without addressing necessary repairs is risky business. As a local real estate expert, I’ve seen this firsthand—buyers associate “as-is” with problems, leading them to lowball their offers or avoid the property altogether. Let’s dive into the nitty-gritty of why selling “as-is” might not always be your best bet.

What Buyers Think When They See ‘As-Is’

Imagine scrolling through the latest listings and seeing a home you love, but with the dreaded “as-is” tag. What’s your immediate thought? If you’re like most buyers, you’ll assume there’s a hidden issue—a leaky roof, faulty wiring, or some structural damage. Even if your home is in decent shape, the “as-is” label can scream, “Buyer beware!” This scares off a large portion of potential buyers, especially those looking for move-in ready properties.

As a seller, you’re essentially narrowing your pool to investors, flippers, and bargain hunters who are expecting a deal. These buyers aren’t here to pay top dollar—they’re looking for something they can snag at a discount, fix up, and flip for profit. If you’re hoping for competitive offers, you might want to reconsider the “as-is” approach.

foyer with white walls and staircase and rug runner

What It Really Means for Your Bottom Line

Now, let’s talk money. Selling “as-is” might save you the hassle of repairs, but it’s going to cost you in offers. In Oxford’s current market, where demand is steady and buyers are increasingly selective, homes that need visible work are going to be priced lower than well-maintained properties. Buyers will factor the cost of repairs into their offers, often slashing tens of thousands off what you might get if the home were in better shape.

white sofa with wood coffee table and white walls

Here’s the deal: you can’t expect champagne offers on a beer-budget property. If you’re serious about selling your Oxford home for top dollar, it’s time to roll up your sleeves and make those repairs. Whether it’s fixing a leaky roof, updating outdated wiring, or simply freshening up the paint, a little effort can go a long way in increasing your home’s market value.

Be Realistic About Your Expectations

It’s all about balance. If you’re dead set on selling without making repairs, that’s your call—but be prepared to accept lower offers. Alternatively, consider investing in a few key updates that will make your home more attractive to a wider range of buyers. You don’t have to renovate from top to bottom, but addressing major issues can help you sell faster and for a better price.

Work with an Oxford MS Realtor who understands real estate market trends in Oxford MS and can guide you on what improvements are worth making. Sometimes, a fresh coat of paint or a simple bathroom upgrade can be the difference between a lowball offer and a solid deal.

The Bottom Line

Selling “as-is” might seem like the easy way out, but in reality, it limits your potential buyer pool and cuts into your bottom line. If you want to maximize the value of your property, consider tackling those essential repairs or adjusting your price expectations accordingly.

Remember, the right agent can make all the difference. Whether you’re fixing up your home or selling it “as-is,” working with one of the top real estate agents in Oxford MS will help you navigate the market and make the most informed decisions. Selling a home is no small feat, but with the right strategy and a little effort, you can turn your property into a buyer’s dream.

Ready to talk about your real estate goals? Use your phone’s camera to scan the QR code to the right to schedule a video call with me. Don’t worry! This is just for us to talk and see if we’re a good fit to move forward together.

Rexanne

Rexanne Collins, HomeGirl @ EXP Realty
“Because the right changes everything.”

C: 662.586.1640
O: 855-647-7397
Email: RexanneSellsHomes@gmail.com

Why an Exclusive Agent is the Key to Your Success in the North Central MS Real Estate Market

by rexannesellshomes | Aug 26, 2024 | Buying a Home, Selling Your Home

When navigating the real estate market, whether you’re buying or selling in Oxford, MS, the stakes are high. Every decision can have long-lasting financial impacts, and you don’t want to go through this journey alone. That’s where the benefits of an exclusive agent come into play—an expert who is fully dedicated to your success, with no conflicting interests.

The Power of Focused Representation

Imagine you’re excited about a home in Oxford. It’s got everything you’ve ever wanted—except for the nagging doubt that your agent is also working with the seller. Or, maybe you’re the seller, wondering if your agent is really pushing for the best deal for you, given that they also represent buyers. In both scenarios, the lines of loyalty can blur, and that’s where problems begin.

An exclusive agent clears away this uncertainty. For sellers, this means having an agent who’s solely committed to marketing your home effectively and negotiating the best deal possible. For buyers, it means having an advocate whose only goal is to find you the perfect home at the best price. There’s no hidden agenda, no juggling of competing interests—just focused, dedicated representation.

a white background with a woman in a white blouse, gray hair, and glasses

Navigating Market Complexities with Expertise

Oxford’s real estate market is unique, influenced by factors like the presence of the university, seasonal trends, and the town’s rich history. An exclusive agent brings deep, local knowledge to the table. They understand real estate market trends in Oxford MS, whether it’s for sellers looking to time their sale perfectly or for buyers searching for hidden gems. Their insights can make all the difference, ensuring that you make informed, strategic decisions.

Streamlining the Closing Process

Whether you’re buying or selling, the closing process can be fraught with potential delays and complications—from mortgage approvals and inspections to title searches and negotiations. Having an exclusive agent means you have someone fully committed to managing these details, ensuring that the process stays on track. For sellers, this might mean closing the deal before a competing listing hits the market. For buyers, it could mean securing a home before the competition even knows it’s available.

a cozy living room with plush white sofa and modern coffee table adorned with books and flowers

Trust and Transparency

Real estate is a complex game, and trust is crucial. An exclusive agent offers a partnership built on transparency and dedication. For sellers, this means marketing strategies tailored to maximize your home’s exposure and value. For buyers, it means an agent who is always looking out for your best interests, from the initial viewing to final negotiations.

Conclusion: A Winning Strategy for Buyers and Sellers

In a market as dynamic as Oxford’s, having an exclusive agent—whether you’re buying or selling—is not just an advantage; it’s a game-changer. They provide focused representation, expert guidance, and unwavering commitment to your success. So, if you’re serious about making the most of your real estate journey in Oxford, MS, working with an exclusive agent is the smartest move you can make.

Ready to talk about your real estate goals? Click or use your phone’s camera to scan the QR code to the right to schedule a video call with me. Don’t worry! This is just for us to talk and see if we’re a good fit to move forward together.

Rexanne

Rexanne Collins, HomeGirl @ EXP Realty
“Because the right changes everything.”

C: 662.586.1640
O: 855-647-7397
Email: RexanneSellsHomes@gmail.com

Is Downsizing the Right Move for You? Here’s What to Consider

by rexannesellshomes | Aug 15, 2024 | Preparing to Sell Your Home, Selling Your Home

Picture this: You’re standing in your living room, the one that used to be filled with the hustle and bustle of family life. Now, it’s just you and the empty echo of memories bouncing off the walls. The kids have moved out, and those once-essential rooms are now just extra spaces collecting dust. If this sounds familiar, it might be time to consider downsizing.

Downsizing isn’t just about moving into a smaller home; it’s about adapting to a new phase of life. But how do you know if it’s the right move for you? Let’s dive into some of the key reasons why downsizing might be the best decision you can make.

Empty Nest Syndrome

Your children have flown the coop, leaving you with an abundance of unused space. Those extra bedrooms, the spacious family room, the big backyard—they all served a purpose once, but now they’re just a reminder of how much your life has changed. Living in a large, empty home can feel lonely, and maintaining it can be overwhelming. Downsizing allows you to move into a cozier, more manageable space that fits your current needs and lifestyle.

Financial Freedom

Maintaining a large home isn’t just time-consuming—it’s expensive. Mortgage payments, property taxes, utility bills, and maintenance costs can add up, putting a strain on your finances. If you’re feeling the pinch, downsizing could be a smart financial move. By selling your current home, you can free up equity that can be used to boost your retirement fund, pay off debts, or simply provide more financial freedom. As the real estate market trends in Oxford MS show, there’s a strong demand for properties, meaning you could potentially sell your home for a great price and move into something more affordable.

a middle age husband and wife who are empy nesters

Less Maintenance, More Time

As we age, the demands of maintaining a large home can become more challenging. Whether it’s mowing the lawn, cleaning multiple bathrooms, or dealing with repairs, the upkeep of a big house can take a toll. Downsizing to a smaller, newer property can significantly reduce your maintenance responsibilities, giving you more time to enjoy life. Plus, a more manageable home is easier to care for, which can be a relief if you’re experiencing any health issues.

a living room with white wall a vitage black piano

Health and Accessibility

Speaking of health, it’s important to consider whether your current home is still a good fit for your physical needs. If stairs are becoming a challenge, or if your home isn’t accommodating your changing health needs, it might be time to look for a more accessible property. Downsizing to a single-story home or a property with fewer stairs and modern amenities can make your daily life much easier and safer.

Declutter and Simplify

Let’s face it—over the years, we accumulate a lot of stuff. If your home is filled with belongings you no longer use or need, downsizing offers the perfect opportunity to declutter and simplify your life. Moving into a smaller space forces you to prioritize what’s truly important, leading to a more minimalist lifestyle that can be incredibly freeing.

Embrace a New Lifestyle

For many, downsizing is about more than just finding a smaller home—it’s about embracing a new lifestyle. Whether you’re looking to travel more, live a more mobile lifestyle, or simply enjoy the freedom that comes with having fewer responsibilities, downsizing can open up new possibilities. Smaller homes are often more energy-efficient, leading to lower utility bills and a smaller carbon footprint, which aligns with a desire for a simpler, more sustainable way of life.

Strategic Retirement Planning

Downsizing can also play a key role in retirement planning. By selling your larger home, you can unlock equity that can be used to supplement your retirement income, fund travel plans, or invest in other goals. It’s a strategic move that can set you up for a more comfortable and financially secure retirement.

A Fresh Start

Life changes—whether it’s a divorce, the loss of a partner, or a job relocation—can be challenging, and sometimes a fresh start is exactly what you need. Downsizing to a new home that better suits your current situation can be a positive step toward embracing change and moving forward.

Before making the decision to downsize, it’s essential to carefully evaluate your financial situation, lifestyle goals, and priorities. Consulting with local real estate experts or an Oxford MS Realtor can provide valuable insights and help you navigate the downsizing process. Whether you’re looking at Water Valley MS homes for sale or exploring Oxford MS property listings, finding the right property that aligns with your needs and goals is crucial.

Downsizing isn’t just a move—it’s a lifestyle choice. If you’re ready to take the next step, I’m here to help you make it happen. Let’s find the perfect home that suits your new chapter in life.

Ready to talk about your real estate goals? Use your phone’s camera to scan the QR code to the right to schedule a video call with me. Don’t worry! This is just for us to talk and see if we’re a good fit to move forward together.

Rexanne

Rexanne Collins, HomeGirl @ EXP Realty
“Because the right changes everything.”

C: 662.586.1640
O: 855-647-7397
Email: RexanneSellsHomes@gmail.com

Mastering the Art of Staging: How to Make Your Oxford Home Irresistible

by rexannesellshomes | Aug 14, 2024 | Decor and Deisgn, Preparing to Sell Your Home, Selling Your Home

Picture this: A potential buyer pulls up in front of your home in Oxford, MS. As they step out of their car, they’re greeted by a beautifully manicured lawn, a freshly painted front door, and a porch that beckons them to come inside. They haven’t even walked through the door yet, but they’re already intrigued. That’s the power of staging, and it starts with making a killer first impression.

If you’re living in Oxford MS and thinking about selling your home, mastering the art of staging is crucial. It’s not just about making your home look good; it’s about creating a space where buyers can see themselves living. Here’s how you can do it.

Start with Curb Appeal: The First Impression Matters

The first thing any buyer will see is the exterior of your home. It’s like the cover of a book—it needs to be enticing enough to make them want to explore further. So, start with curb appeal. Mow the lawn, trim the bushes, and get rid of any clutter. A cluttered yard can be a huge turnoff, so make sure your front yard is pristine.

And don’t underestimate the power of a fresh coat of paint on the front door. Choose a bright, inviting color that makes your home stand out in the best way possible. It’s a small investment that can make a huge difference.

Declutter and Depersonalize: Make Room for Their Imagination

Once they’re inside, buyers need to be able to envision themselves living in your space. This is where decluttering and depersonalizing come into play. Start by removing personal items like family photos, religious symbols, and political paraphernalia. While these items mean a lot to you, they can be distracting to potential buyers who need to see a blank canvas.

Decluttering is just as important. Get rid of any unnecessary furniture, accessories, and belongings. Less is more when it comes to staging. By decluttering, you’re not just making your home look bigger; you’re also allowing buyers to see the full potential of each room.

a small white house with shutters on a beautiful wooded lot

a living room with white walls and vintage black baby grand piano

Create a Neutral Color Palette: Appeal to the Masses

Color is powerful, and when selling a home, it’s important to play it safe. A neutral color palette is key. Think light colors on walls and ceilings—shades of white, beige, and soft grays work best. Neutral colors help create a calm, inviting atmosphere that appeals to a wide range of buyers.

That doesn’t mean your home has to be boring. You can still add pops of color through furniture, accessories, and artwork. The goal is to create a space that’s both inviting and easy for buyers to picture themselves in.

Arrange Furniture Strategically: Flow is Everything

When arranging furniture, think about how the space flows. You want to create rooms that are both inviting and functional. Avoid crowding furniture together and make sure there’s enough space for people to move around comfortably.

For example, in the living room, arrange furniture in a way that promotes conversation while also showcasing the room’s size and functionality. A well-arranged room can make a huge difference in how buyers perceive the space.

Add Fresh Flowers and Greenery: Bring Life to Your Home

Never underestimate the power of fresh flowers and greenery. They can add life and freshness to any room, making the space feel more vibrant and welcoming. Place small bouquets on coffee tables and end tables, or hang potted plants in corners. Not only do they add color, but they also bring a touch of nature indoors, which can be very appealing to buyers.

Pay Attention to the Details: The Little Things Matter

When it comes to staging, the devil is in the details. Small things can make a big difference. Make sure all light fixtures are working, and that doorknobs and faucets are clean and polished. Adding fresh towels and linens to the bathrooms, and making the beds with neat, clean sheets, can make your home feel well-cared-for and inviting.

By following these staging tips, you’ll create a home that appeals to a wide range of potential buyers. Whether you’re planning to sell or just want to refresh your space, these strategies can help you make the most of your home in the competitive among many Oxford MS property listings.

So, if you’re ready to make a move, reach out to me, a top Realtor in Oxford MS who can guide you through the process. With the right staging, you’ll be well on your way to making a great impression and securing a successful sale.

Ready to talk about your real estate goals? Use your phone’s camera to scan the QR code to the right to schedule a video call with me. Don’t worry! This is just for us to talk and see if we’re a good fit to move forward together.

Rexanne

Rexanne Collins, HomeGirl @ EXP Realty
“Because the right changes everything.”

C: 662.586.1640
O: 855-647-7397
Email: RexanneSellsHomes@gmail.com