We Buy Houses for Cash in Mississippi

Mississippi's seller disclosure law only switches on when a licensed agent helps with the sale, so a homeowner who sells directly may be outside it altogether. That is one of several local quirks. The state has no transfer tax that we could find on deeds, a small tax on mineral interests, a foreclosure sale that is advertised for three weeks in the county paper, and six Gulf Coast counties defined as the coast area of the state's Windstorm Underwriting Association. Whether you own a house in Jackson, a farmhouse near Tupelo or a storm-worn home in Gulfport, Swifty Home Buyers can make a cash offer on it as it stands, with no agent commission, no repair list and a closing date you choose. This page covers the Mississippi rules that matter most to a seller.

We buy houses in all 50 states. This guide covers the rules that matter in Mississippi.

We did not find a Mississippi transfer tax on deeds. Deeds are recorded with the county chancery clerk for a recording fee. For example, Harrison County's posted schedule, effective January 1, 2020, lists $25.00 or $26.00 for the first five pages of a deed and $1.00 for each additional page, and mentions no transfer tax. Check the current fee with your county. One tax does attach to some conveyances. Under Miss. Code 27-31-79 there is a mineral documentary tax of three, six or eight cents per mineral or royalty acre, depending on the primary term, on mineral or royalty interests conveyed, leased, assigned, excepted, reserved or transferred, with a minimum tax of one dollar. If your deed conveys or reserves minerals, your title company can tell you whether stamps are due. Beyond recording, a seller who lists usually pays an agent commission, which is negotiable and is often the largest cost, plus the mortgage payoff, prorated property taxes and title or attorney fees. When you sell to Swifty there is no commission, and we give you a written list of closing costs before you sign.

In Mississippi, land can be sold at public outcry under a deed of trust, and Miss. Code 89-1-55 sets the notice rules for those sales. The sale must be advertised for three consecutive weeks preceding the sale in a newspaper published in the county, and one notice must be posted at the courthouse of the county where the land is located for that same time. The notice must disclose the name of the original mortgagor. The sale is held in the county where the land is located, or in the county of the grantor's residence. Watch the calendar closely once the first notice appears. The statute we reviewed does not say whether you can redeem after the sale or whether a lender can pursue a deficiency, and we did not confirm either point from an official source, so ask a Mississippi attorney about your specific loan. HUD funds free or very low-cost housing counseling nationwide, reachable at (800) 569-4287, and HUD warns against paying for-profit foreclosure services for help a counselor gives free. If you sell before the trustee's sale, your payoff comes out of the price and the remaining equity is yours instead of being set by the bidding.

• Sell as-is
• Inherited house
• Foreclosure
• Tenants or rental property

The Gulf Coast counties (Harrison County)

Section 83-34-1 defines the Mississippi Windstorm Underwriting Association's coast area as Hancock, Harrison, Jackson, Pearl River, Stone and George Counties. Harrison County includes Gulfport and Biloxi. For a seller there, insurance history is part of the story. Under 83-34-16, the association must give a premium discount to anyone who builds a fortified home to the Institute for Business and Home Safety standard, or improves a home with demonstrated wind-mitigation measures, and licensed architects, engineers or inspectors certified by the Department of Insurance decide whether a dwelling qualifies. If your Harrison County house has a wind-pool policy, hurricane repairs or a fortified roof, tell us about it up front; we still make as-is offers on storm-worn homes.