Archive for the 'Market Conditions' Category
Selling Your Home? 5 Easy Must Do Tips
Posted by Jana Robison on February 20th, 2010
Selling Northwest Arkansas
Are you thinking of selling your home? Or is your home already on the market and your just not getting the feedback you desire? In Northwest Arkansas we have a great source in Donna Schoby, Ready, Set, Stage, who has given us five great tips on things you can do when selling your home to give it the edge.
How many times has this happened to you while having your home listed? Your home shows and the feedback is not negative the new prospective buyers didn’t not like your house but there was just something……..
It’s hard for most people to visualize anything other than what they see when viewing homes, so if you have a room that serves several purposes (i.e. a home office/exercise room or a guestroom/playroom, pick one purpose, and stick with it when staging your home.
Confused Rooms = Confused Buyers
It’s hard for most people to visualize anything other than what they see when viewing homes, so if you have a room that serves several purposes (i.e. a home office/exercise room or a guestroom/playroom, pick one purpose, and stick with it when staging your home.
Things To Do:
• Keep in mind that master bedrooms are for sleeping and relaxing, not for ironing, exercising, or gift wrapping. Make sure your master shows the potential buyer this will be a great place to unwind and relax.
• Remember that the dining room is one of the first rooms the buyers will see. Be sure to stage it as only a dining room, and not a craft area, study or catch all for toys and homework papers.
• Remember that the garage’s primary purpose is for parking cars. Empty the garage as best you can and show that at least one car can be parked in there.
• If you have a large space that has different purposes (i.e. a game room that serves as a play area for kids and a scrapbooking area for mom, set up clear zones to delineate the t.v. viewing area, the craft area, the game playing area, etc.
If you would like for Donna to come out for a one on one with you give her a call today Donna Schoby
Ready, Set, Stage! 479-236-6784 
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Sell Now? But….but…
Posted by June | Micky | Valerie on February 18th, 2010
I thought this was a very good article from the National Association of Realtors that addresses the issue of why to sell your home now.
4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.
1. Sell low and buy low. Because all property values are down, the sellers’ loss on a property is really only a paper loss because the next property they buy also will be a bargain. If they buy smartly, when prices come back up in a few years, they’ll be in better shape.
2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.
3. Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.
4. Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.
Source: McClatchy Tribune, Kate Forgach (02/07/2010)
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READY, SET, STAGE!
Posted by Jana Robison on February 16th, 2010
Are we headed for Broadway?
Not exactly but we are going to look into the art of staging your home.
With over 90% of home buyers searching online for a new home your home must make a great first impression. The first impression is a lasting impression! In a buyers market sellers compete with sellers. If buyers are not impressed what they see online they will move on to the next listing. Ready, Set, Stage! works with you and your Realtor to put your home on the “must see” list for today’s home buyers.
What is Home Staging?
Home Staging is the art of preparing your home to sell. It is not about decorating; Staging creates a lifestyle that buyers are looking for and helps them make an emotional connection to your home. In today’s competing market this is essential.
Why should I Stage my home?
BEFORE
When you make the decision to sell your home it becomes a product. Staging sets your home apart from competing homes on the market. Today’s buyers are looking for “move-in” ready homes. Staging is a marketing tool. When added to your Realtors marketing at plan you have homes that sells faster and for more of the asking price!
AFTER
Contact
Donna Schoby
479-236-6784
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Posted by Jana Robison on February 16th, 2010
Are we headed for Broadway?
Not exactly but we are going to look into the art of staging your home.
With over 90% of home buyers searching online for a new home your home must make a great first impression. The first impression is a lasting impression! In a buyers market sellers compete with sellers. If buyers are not impressed what they see online they will move on to the next listing. Ready, Set, Stage! works with you and your Realtor to put your home on the “must see” list for today’s home buyers.
What is Home Staging?
Home Staging is the art of preparing your home to sell. It is not about decorating; Staging creates a lifestyle that buyers are looking for and helps them make an emotional connection to your home. In today’s competing market this is essential.
Why should I Stage my home?
BEFORE
When you make the decision to sell your home it becomes a product. Staging sets your home apart from competing homes on the market. Today’s buyers are looking for “move-in” ready homes. Staging is a marketing tool. When added to your Realtors marketing at plan you have homes that sells faster and for more of the asking price!
AFTER
Contact
Donna Schoby
479-236-6784
| Discussion: Please leave a comment.
Northwest Arkansas Home Prices and Real Estate Market Report – August 2009
Posted by Ben Roberts on September 23rd, 2009
Now that I’ve finally gotten around to putting together the report for August it’s nearly time for the September report. No worries though. I wasn’t putting it off due to terrible information or some statistic taking a nose dive, I’ve just been busy. Enough excuses. Things are still looking very promising overall as we go into the slow months. Here is the Northwest Arkansas Residential Home Prices and Real Estate Market Report for August 2009… Read the rest of this entry »
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The Skyline Report for Q2 2009 – Northwest Arkansas Real Estate
Posted by Ben Roberts on August 14th, 2009
The Northwest Arkansas Skyline Report for the second quarter of 2009 sponsored by Arvest Bank is out. The report collates and measures some key statistics in the Northwest Arkansas Real Estate Market… check out this quarter’s key highlights below. If you are looking for a bit more detailed (and useful in my opinion) monthly report please check out our monthly market data or subscribe to our updates.
From the Arkansas Business Journal (written by: Susannah Patton)
New residential construction in northwest Arkansas in the second quarter of 2009 continued at a lower pace than in previous years but picked up slightly from the first quarter. The numbers come from the second-quarter residential Skyline Report, commissioned by Arvest Bank Group Inc. and compiled by the Center for Business & Economic Research in the Walton College of Business at the University of Arkansas. In the second quarter, 266 residential building permits were issued, an increase from the 185 issued in the first quarter but a decrease from the 416 permits issued in the same period last year. Benton County accounted for 146 permits, while Washington County accounted for 120. The number of complete but unoccupied houses declined in the second quarter as 382 houses in active subdivisions became occupied. The absorption rate is an increase from the first three months of this year, when 277 homes became occupied. There were 1,247 homes sold in the second quarter, a decline of 4.6 percent from the second quarter of 2008.
The Skyline Report pulls it’s data from multiple sources so is very accurate in it’s conclusions. If you’d like to see more about the Skyline Report and what’s in it, please contact me and I’ll be happy to get you a copy of the latest report. Remember to come back the first week of each month and read EXIT Pro Realty’s conclusion’s on the current state of the housing market in Northwest Arkansas.
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Northwest Arkansas Home Prices and Market Report – July 2009
Posted by Ben Roberts on August 3rd, 2009
It’s hard to believe but the average price of a home sold in July in Northwest Arkansas was $178,103. That’s up 29.5% from it’s low only 5 months ago! After three months of sustained positive growth in home prices, absorption rates coming back into line, and strong pending sales I’d have to say Northwest Arkansas is recovering from it’s milder-than-the-national-average housing crisis. Read the rest of this entry »
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Northwest Arkansas Home Prices and Market Report – June 2009
Posted by Ben Roberts on July 16th, 2009
Some interesting numbers (that’s not an oxymoron is it?) this month in the Northwest Arkansas Housing Market. As the days continue to get hotter so does the housing market. Prices have remained steady from last month and most other indicators point to a market making a slow comeback. Check out June 2009’s Home Prices and Housing Market Report for Northwest Arkansas… Read the rest of this entry »
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IT’S A HEAT WAVE in Northwest Arkansas
Posted by Kim Stewart on July 13th, 2009
Wow! Summer is here……does anyone remember rain or a cool breeze? It seems we always want what we don’t have or used to have! Much like our Real Estate Market……everyone seems to relish in the thought of what we USED to have, it was great, don’t get me wrong…….sellers asking almost any price and buyers saying sure! Buyers then turning around and flipping that house for a profit. It was exciting! All across America this was the “norm” not any more people! Todays’ market is what it is. I feel people need to understand what a fair market price is….it is what a willing buyer is willing to pay for your property, and the “comps” or comparables is what your neighboring property sold for.
INCENTIVES
There are lots of incentives, including the $8,000 Tax Credit if you buy before December. This means that when you buy a house and if you are a first time home buyer you will qualify for this tax credit and you will receive $8,000 after you file your 2009 tax return! Think about it……you could pay down your principal, pay off credit card debt, pay off a car loan, replace old appliances or flooring, buy a boat, rv, atv or whatever!
Sellers are getting into the groove as well……there are buyers incentives such as seller paying closing costs or floor allowance to add hardwood or new carpet or plantation shutters or two inch faux wood blinds and privacy fences, etc.
There are also Realtor incentives. Yes that’s right! There are Sellers willing to pay a higher commission than other people to make their property more noticeable. When Realtors see that there is a higher buyers’ agent fee than the rest we will definitely take a closer look to see if it would fit our buyer’s needs. I have also noticed that Realtors will offer bonuses, gift certificates to salons or restaurants, and even paid weekend getaways to the Realtor who gets an accepted offer.
Take all of this into consideration when you want to sell your house and think about all the other incentives that you could throw in! There are a lot of houses currently on the market so think of ways to make yours stand out. Todays’ market is what it is. Knowing what your neighboring property sold for and what a willing buyer may pay goes hand in hand!
Good Luck and remember the weather will always change and so will the Real Estate Market, we have to learn to adapt!
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Northwest Arkansas Home Prices and Market Report – May 2009
Posted by Ben Roberts on June 17th, 2009
I have to apologize to everyone for it being June 17th and I am just now getting the May report done. A lot has been going on in the market: interest rates have come up some, foreclosure sales are down (a good thing) home prices are up, pending sales are up, and general market sentiment is much higher than in the last few months. Here is the Northwest Arkansas Home Prices and Market Report for May of 2009. I do hope you find it interesting. Remember that you can find all of my monthly market reports in Market Conditions. Read the rest of this entry »
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