One tip is those who sell the most may not be the best. You should interview at least 2 agents and most important ask what they have to offer. They should be local, full time and offer full service. they should be expereinced with your typoe of home and in your neighborhood. They should complete their own showings and answer their own phone. The biggest complete form sellers is hiring the biggest agent and then never being able to reach them. Good luck with your sale.... more
Did you know that Fort Smith was deamed one of the Cheapest places to live in the country according to Kiplinger?
Real Estate agents are not appraisers and therefore have to rely on a Comparative Market Analysis to help price our lisitngs. We look at homes in comparable areas that have sold and work up an estimation based on that. We are at the will of our sellers who in the end determine the listing price. We can advise them and help them with the CMA and most homes are listed in the proper range. A home is only worth what a buyer is willing to pay for it.
I can honestly say that although we have homes sale for below the listing price, I have actually seen some sell for more than the list price. Full offers some in all the time.
If there is a house you like and you feel it is overpriced, make an offer on the price you think it is worth. I am not saying you will get that price but you never know until you try. Sellers around his area have many differnet situations you never know if they got transfered and they have to sell and come out of pocket after living here a couple years with no equity or if the house was a family members that passed away and is paid in full waiting for the best offer to come in. Maybe something in between.
The econmy is tough everywhere, housing prices cannot rebound unless a buying is willing to pay more for it.... more
Home prices in Fort Smith have basically leveled out. You will see some volatility in home pricing related to sellers coming to grips with current market values. If you would like additional information please contact me.... more
We're all anxious to know the details of the proposed (but not yet passed) tax credit. The best answer is that we'll need to wait for the tax credit info. The $8000 is for certain in place until Nov 30th, so you may do well to count on that.
The flipside is that the new tax credit -- IF it passes -- may be retroactive. For example this year's tax credit was announced in March but was extended to all eligible purchases made after Jan 1st.
That would depend on the rate and terms that are being offered to you on the 'owner financing'. And whether or not you are on a 'contract for deed' or if the property has been titled into your name and a note and mortgage filed. The details of your current arrangement would dictate that answer. Interest rates are at a historic low so it would certainly be worth investigating. There are a number of loan types, each of which will have different costs associated with them so just be sure that you investigate your options with someone reputable.... more
I'm not really sure what you are referring to, but there are some situations where at least part of some land you purchase may be under water. For example, if there is a pond on the property, that would be land under water. Many ponds are small, but I have seen land parcels with large ponds.
Similarly, often a land parcel will have a boundary which is a river. In that case, usually the boundary goes down the middle of the river or creek and the amount of land that is under water will depend on how wide the river or creek is.
Because of issues like these, it is important to get a survey when you are purchasing land, especially land in the country. With this, items in the legal description of record will be drawn--so you can actually see where fences, bodies of water, etc., lie with relation to the land you are purchasing. A survey is a negotiable item when making an offer on land--the buyer can either ask the seller to pay for it, the buyer can pay for it himself (if it's an issue that is important to him) or the cost can be split 50-50 between buyer and seller.