The transition from renting to owning is a big step for anyone deciding to make the leap. One of the few key benefits home-ownership offers is tax deductions on a mortgage interest payments as well as Homestead-tax-exemption. With these tax savings you can often realize a greater return than if you were renting. According to the Lafayette County Tax Assessor :
Homestead Exemption is available, upon request, to homeowners who reside and pay all local and state taxes in the taxing district.
There are two types of Homestead Exemptions available: Regular - allows up to $300.00 credit on a home with a $75,000 or more appraised value.Special - is for residents who are 65 years of age before January 1 of each year or who are 100% disabled. This exempts up to $75,000 of the appraised value.
Oxford, MS Homes
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Edinburgh Place Condos in Oxford MS
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The Edinburgh Place Condos are extremely well located for those looking to be close to the Ole Miss Campus. This subdivision is located just 0.4 miles from the campus and is an easy walk to any part of the school. Not only is it close to campus, it is also close to many great restaurants, Wal-mart, and has great access to Hwy. 6 with the new light on Jackson Avenue. Edinburgh Place is a private neighborhood with a gated entrance and a very nice pool area for all residents to enjoy. These are all 2 bdrm/ 2.5baths units with the half bath on the main level for guests to use. Check out my website, OxfordMississippiCondos.com for more info. on Oxford, MS Condo news and updates.

In an effort to get as many foreclosures off the market, the FHA has lifted some restrictions on investors who wish to "flip" a house. Now private companies that assess and purchase foreclosures are encouraged to buy more foreclosed properties and sell them to buyers using an FHA loan. Of course some rules apply, a house cannot be flipped for more than a 20% profit and this exemption only lasts a year. This is a great opportunity if you have an interest in getting into house flipping.

For all thoe interested in the Oxford, MS Real Estate market such a myself, feel free to check out my website Oxfordmississippicondos.com to see what the market has been up to lately. You can sign up for free detailed reports that will be emailed to you monthly (or more often if you'd like).

Southpointe Townhomes in Oxford, MS
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Southpointe is a great subdivision located just a few miles South of Oxford. It's considered one of the best values in Condo/ Townhomes coming in well under 100/ sq. ft. It's a nice, quiet neighborhood that you don't have to travel too far to reach. They start at around $118,900 and go up. For more information on Southpointe in Oxford, MS feel free to check out my website OxfordMississippiCondos.com to search not only Southpointe, but all Oxford, MS real estate.

Library Court-Downtown Oxford, MS Condo
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Library Court Condominiums are located just off the Oxford, MS square on Jackson Ave. E. This subdivision contains several free standing units with a unique small-town charm located in downtown Oxford. With easy access to the Oxford square, the public library, and University Ave., Library Court Condos are perfect for those who love to get out-and-about the great town of Oxford.

Looking for a rental property in the Oxford, MS area? Whether it be a home with a large yard or a condo near the campus, I can help find what your looking for. Anything from weekend rentals for baseball/ football games to long-term leases, I know we can find you something to make you happy. Feel free to email me with any questions regarding rentals in Oxford, MS.

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