For a list of many of the neighborhoods in Pearl River County including Picayune, Carriere, McNeill, and Poplarville, be sure to visit PRC Homes for a list of Neighborhoods.

SELLER’S AGENT

A seller can enter into a “listing agreement” with a real estate firm authorizing the firm and its agent(s) to represent the seller in finding a buyer for his property. A licensee who is engaged by and acts as the agent of the Seller only is known as a Seller’s Agent. A Seller’s Agent has the following duties and obligations: To the Seller: * The fiduciary duties of loyalty, confidentiality, obedience, disclosure, full accounting and the duty to use skill, care and diligence. To the Buyer and Seller: * A duty of honesty and fair dealing. * A duty to disclose all facts known to the Seller’s Agent materially affecting the value of the property which are not known to, or readily observable by, the parties in a transaction.

BUYER’S AGENT

Buyer’s Agreement A buyer may contract with an agent or firm to represent him. A licensee who is engaged by and acts as the agent of the Buyer only is known as the Buyer’s Agent. If a Buyer wants an agent to represent him in purchasing a property, the buyer can enter into a Buyer’s Agency Agreement with the agent. A Buyer’s Agent has the following duties and obligations: To the Buyer: * The fiduciary duties of loyalty, confidentiality, obedience, disclosure, full accounting and the duty to use skill, care and diligence. To the Seller and Buyer: * A duty of honesty and fair dealing.

DISCLOSED DUAL AGENT

A real estate agent or firm may represent more than one party in the same transaction. A Disclosed Dual Agent is a licensee who, with the informed written consent of the Seller and Buyer is engaged as an agent for both Seller and Buyer. As a disclosed dual agent, the licensee shall not represent the interests of one party to the exclusion or detriment of the interests of the other party. A disclosed dual agent has all the fiduciary duties to the Seller and Buyer that a Seller’s or Buyer’s Agent has except the duties of full disclosure and undivided loyalty.

A Disclosed Dual Agent may not disclose: (a) To the Buyer that the Seller will accept less than the asking or listed price, unless otherwise instructed in writing by the Seller. (b) To the Seller that the Buyer will pay a price greater than the price submitted in a written offer to the Seller, unless otherwise instructed in writing by the Buyer. (c) The motivation of any party for selling, buying, or leasing a property, unless otherwise instructed in writing by the respective party, or (d) That a Seller or Buyer will agree to financing terms other than those offered, unless otherwise instructed in writing by the respective party.

CUSTOMER

“Customer” shall mean that person not represented in a real estate transaction. It may be the buyer, seller, landlord or tenant. A Buyer may decide to work with a firm that is acting as agent for the Seller (a Seller”s Agent or Subagent). If a Buyer does not enter into a Buyer Agency Agreement with the firm that shows him properties, that firm and its agents may show the Buyer properties as an agent or subagent working on the Seller’s behalf. Such a firm represents the Seller, (not the Buyer) and must disclose that fact to the Buyer. When it comes to the price and terms of an offer, the Seller’s Agent will ask you to decide how much to offer for any property and upon what terms and conditions. They can explain your options to you, but the final decision is yours, as they cannot give you legal or financial advice. They will attempt to show you property in the price range and category you desire so that you will have information on which to base your decision.

The Seller’s Agent will present to the Seller any written offer that you ask them to present. You should keep to yourself any information that you do not want the Seller to know (i.e. the price you are willing to pay, other terms your are willing to accept, and your motivation for buying). The Seller’s agent is required to tell all such information to the Seller. You should not furnish the Seller’s agent anything you do not want the Seller to know. If you desire, you may obtain the representation of an attorney or another real estate agent, or both.

If you have any questions about these catagories, when looing for a home in Pearl River County, MS, please call Michelle Fradella at 601-799-1848, or email her at PRCHomes

North Hill has always been a desirable neighborhood, and I think the average Days on Market reflects that, with the average being 31 days (over the past year). Pricing is always a key factor in determining the length of time a property sits on the market, and these houses have demonstrated that if the property is priced right, it will sell. These homes sold an average of 96% of listing price.

For a 2443 sq ft house (heated and cooled), the value is currently at $290,717. This is great news for our community, because we have continued to appreciate in value over the past year.

If you have any questions about today’s market, or the figures from above, please call Michelle Fradella at Pinnacle Real Estate Services – 601-799-1848 or 601-569-0075.

Items discussed were the increase in membership dues, insurance quotes for the new pavilion and walking trail in Phase V, committee volunteers for the ARC (Architectural Review Committee), and committee volunteers to help maintain the front entrance until the end of the year.

Anyone wishing to volunteer for the ARC or the front entrance maintenance, please call Michelle Fradella at 601-569-0075.

We were also priviledged to have in attendance our District 5 County Supervisor, Sandy Kane Smith, who spoke to us about the road maintenance and repair that will be going on at the front of the subdivision where there has been some road deterioration which has become an emergency situation. Funding from a State Project grant will be used to fix the culverts and roadway. Mr. Smith also handed out his business cards and encouraged any property owners to call if they have questions. His office number is 601-403-2300 and his cell phone number is 601-916-2317.

BUT . . . let’s put this all into perspective. How is OUR MARKET today? The national media has grouped all areas of our fine Country into one big database, allowing the overinflated numbers of the decline in value that California and Florida have experienced, to set the stage. But what if we focused on just our neck of the woods? The North Hill Subdivision, in Carriere, MS, is a well established neighborhood, which continues to thrive, even in today’s market.

Let’s turn back the clock, and look at the market we were experiencing before Hurricane Katrina blew in and altered our world. During the year 2005, from January 1st to August 15th (and I use August 15th because Katrina hit on August 29th), the average price per square foot for a home in the North Hill community was $92.13. This is the calculated price of the heated and cooled area of the home, based on the sales that took place during that time frame.

Now let’s look at the numbers for what has been deemed the “worst real estate market in over 50 years”. Currently (based on sales from January 1st to today, 2009), the average price per square foot is $104.40 (based on sales of homes with 2200-2500 sq ft living area). This is almost a 13% increase in value over the 2005 figures.

I feel it’s important to look at these numbers, removing the over-inflated numbers that Hurricane Katrina caused in our area because of the demand for homes for those that lost their properties in the New Orleans and Gulf Coast regions. Most people’s perceptions are that the property values in our area have tumbled. When looking at what property values were in 2005, and what they are today, we can see that we continue to appreciate at a normal rate.

If you would like to know more information about the value of your home, please call me, Michelle Fradella, at Pinnacle Real Estate Services – 601-799-1848 – for a FREE Comparative Market Analysis.

It’s almost time for our 2009 NHPOA Board elections. The Board will have three (3) openings this election season, so come out and run for a position! The procedures for this will be exactly as described by our by-laws. Please go to www.nhpoa.com for details.

• Nomination Meetings will be held on January 24th, 2009 and February 21st, 2009, and the elections will be held in March.
• The meeting will be held a the Coast Electric building on Hwy 11 North at 10:00am until 11:00am.

Anyone interested in becoming a Board member must attend the meeting on Saturday, January 24th or Saturday, February 21st, 2009. Confirmed candidates may campaign from January 24th to the deadline on March 21, 2009, at 12:00 noon.

The meeting on Saturday, January 24th will also be our General Membership Meeting (10:00am). General information will be discussed and Board member nominations can be made at this meeting.

The North Hill Property Owner’s Association Picnic was a great success this year! Thanks to our sponsors we had great BBQ from FatBoys in Picayune, a 24′ dry slide from Fun Jumpers, live entertainment by the BayouSelf Band, and a wonderful property to hold it on, provided by Ron and Diane Kent at 41 Briar Cliff Drive.

The weather was extraordinary, and we had a wonderful time. Thanks for all those who came out to enjoy the day with us!!

This beautiful home, at 41 Briar Cliff – in Phase 1 of North Hill, offers a wonderful space for entertaining friends and family.

You will love the tall ceilings, large great room with wood-burning fireplace, and spacious kitchen with granite countertops and custom cabinetry.
There are 4 bedrooms, 3 full baths, and over 3000 sq ft of heated and cooled area in this fine home, all on 1.56 Acres of land.

The master suite offers a corner fireplace, and a master bath with whirlpool tub, ceramic tile, walkin closet, and an extraordinary tiled shower with dual shower heads and sprayers.

The back yard is the magnificent focal point of this home, with beautiful decking, underground lighting, a salt-water pool with fountain, outdoor kitchen, guest house, greenhouse and hookups for 2 RVs. Also included with the home is a 20kw whole house generator that can sustain everything (including the pool) for 7 days.

If you would be interested in seeing this fine home, call Michelle Fradella at 601-569-0075. Buyers must be pre-approved.