Clarksville AR- Buying A Home

Clarksville, AR Market Area. RE/MAX First Realty Agent, Teresa Smith

Spring is drawing near, Income tax refunds are coming, and you wish you could buy a home rather than continuing to rent. Guess what? It could be possible.

Have you gone down to speak to a lender? Do you know what your credit score is? Have you established credit? If you’ve answered “No” to any of these questions, then we need to get you in front of a lender. There are several banks in the Clarksville AR area. I can help you contact them, just give me a call. Once you connect to a lender, then you will know if you are “credit worthy” in regards to buying a home. You may be surprised! If you’re uncomfortable and want to know your credit score before talking to a lender, there are sites like “Credit Karma” that can help you get a free credit score check. Either way, I can help you get started.

There are a few different loans available to you if you meet criteria. The main thing is, get that preapproval and then we can start looking for a home. There are loans available with Zero Money Down. You must pay “out of pocket” for your appraisal, otherwise, everything else is financed into your loan amount. You can choose to put money down if you would like. You may even qualify for a government bond assistance loan. Basically, if you meet the requirements, most of your closing cost will be paid via the bond and not added into your loan amount. What a deal!

Another loan type may be a minimum of 3.5% of the loan amount as a down payment. I’ve had a lender contact me and tell me they will be giving a 2% “forgiveness” assistance grant so you will only need 1.5% down. For someone that may be in a middle income bracket, this could be a great loan product.

Once we get that loan preapproval out of the way, we should start looking for a home. I’ve lived in the Clarksville AR area for years. There are so many parts of this area that are perfect to buy or build a new home. If you’re looking in the city, there are subdivisions like Stewart Place, Ridgewood, Westridge, Rosemary, Western Hills, Caddo Springs, Valhola and more. We would establish if you want close neighbors, a certain neighborhood, or on a busy street, or a quiet sidestreet. Poplar street is growing “popular” with home owners. It is close to the Johnson Regional Medical Center and Cline Park.  Also, going North of Main street, you will find lots of older homes with Southern Charm. These homes will be around the perimeter of The University of The Ozarks. A great addition to the town! Going south of Main Street, you will get into the downtown Clarksville area. There are some homes in the 100 year flood plain. Don’t worry, I’ll give you all of the details of these homes when we are searching. I want you to be an informed buyer!

If you’re wanting a little room to roam, then we can head north on Hwy 21 or Hwy 103 to get out in the country. There are subdivisions like Lakewood Estates, Skyline Estates, Redlick Estates, Sleepy Hollow, and Rockwall Heights subdivisions that give a little more acreage and privacy. I’ll take you on the tour of the area if you’d like. Going a little further north, you can get into the Ozone and Oark areas. Lots of National Forest, Hiking Trails, and Recreation in those areas. For the nature lover, these areas seem are sure to please.

Wanting to go a  bit East of Clarksville? There’s Lamar, Knoxville, and London as you head towards the Russellville AR area. Lots of homes that may be close to Piney Bay, Lake Dardanelle, or the Arkansas River. If you’re looking for waterfront, then let me show you that area.

Lots of homes, lots of potential, lots of looking to do! Let’s get started. Btw, you don’t have to be a first time home buyer for any of those great loans. If you need to sell your home and upgrade/downsize, there’s plenty of options for you, too!

Be sure and visit my website at http://www.tsmithsells.com to look at any home listed on the MLS. I can arrange to show you any home.

Hope you have a great day!

Teresa Smith
RE/MAX First Realty

 

 

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