Dive into the Real Estate Market

With Spring officially here, the real estate market is blooming with buyers.  The activity has been great. I’ve seen multiple offers on properties, which leads to a “highest and best” situation where the sellers can choose which buyer is making the best offer. This is great for the sellers! This Typically results in top dollar for their property.  I remember those types of situations a few years ago before the big real estate market crash. I hope this is a good sign for the real estate market.

 

There may be many reasons for the increased buyer activity. For one, the interest rates have been holding at record lows. There’s talk that rates may be increasing soon, but we’re hoping they stay steady. Buyers are finding that they can buy a home cheaper than paying rent. With all of the tax deductions for home ownership, there’s really no reason not to buy. There are loans available for buyers that require No Down Payment. Additionally, their are loans that offer a 3.5% down payment and some lenders will even offer, to qualified buyers, a grant to reduce it to 1% down for an FHA Loan. There are many options for buyers. The great thing is, as an agent, I can help connect you with your lender and finding the right loan product.

 

Another reason is that rentals are getting extremely harder to come by. There are waiting list for rentals in my area. Renters are losing lots of options on the types of homes they want to rent, in addition, not being able to have pets or getting in the school district of choice. If you’re not sure if you qualify to buy a home, why not attempt to get a preapproval? No Risk, No Reward.

 

If you’re looking to sell, it is the perfect time to put your house on the market. If you list your home within market value, I believe you’ll be surprised at the response.  When I place your home on the market, the first thing that happens is all of the realtors in the Multi List System see the new listing, then call their buyers that have been searching in that price range and/or criteria. Lots of calls being made to buyers to announce your house is listed! You’ll probably see the most activity within those first two weeks, as all of those patiently awaiting buyers are notified of your new listing. My theory has always been that if you have NO Showings in that first couple of weeks, the realtor’s believe it’s priced too high. If you get a lot of showings and no offers, or very low offers, the public thinks it’s priced too high.  Of course this will vary depending on certain things, for example, your home may be in a price range that is extremely inactive or it may require repairs that may keep it from qualifying for certain home loans. I believe you can price yourself out of the market and regret it months, or even years, later in the way of a settling for a  “give away” price.

The main thing is to call your agent! Whether you’re  a buyer or seller, now is a good time to dive into the market. Use this increase in market activity to your advantage.

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Real Estate Clarksville AR Market

HomeLandandFarm.com

The warmer temperatures and sun-shiny days are making for a great real estate market in the Clarksville area. It was a nice day to take several sets of buyers to look around all of the great areas of Clarksville. It was also nice to see a few of my fellow agents walking around the same neighborhoods, showing houses before or behind me. It is great for our local market to see the influx of buyers wanting to relocate to the area, upgrade to a larger home, or make a change depending on the needs of their families. It was quite humorous on one showing. The neighbor came up to myself and my buyers and asked “what in the world is going on here?” He said he had seen so many people in and out of that home that his curiosity finally got the better of him. I know I had…

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Real Estate Clarksville AR Market

The warmer temperatures and sun-shiny days are making for a great real estate market in the Clarksville area. It was a nice day to take several sets of buyers to look around all of the great areas of Clarksville. It was also nice to see a few of my fellow agents walking around the same neighborhoods, showing houses before or behind me. It is great for our local market to see the influx of buyers wanting to relocate to the area, upgrade to a larger home, or make a change depending on the needs of their families. It was quite humorous on one showing. The neighbor came up to myself and my buyers and asked “what in the world is going on here?” He said he had seen so many people in and out of that home that his curiosity finally got the better of him. I know I had personally shown that home 3 times in the last 24 hours and had to schedule around other agents so I understood where he was coming from. I explained that it was a “hot foreclosure” that just came on the market and every agent is getting their client out there to see it and get their highest and best offer in. I thought for a second that he may just want to place an offer himself just because everyone else was…Love this type of excitement and anticipation for the Clarksville Real Estate Market.