Tuesday, January 31, 2012

12 Ways To Sell Your House In This Crappy Market #3

12 Ways To Sell Your House In This Crappy Market

Be flexible

I'm not saying bend over backward to accommodate real estate buyers. Bend forward and sideways, too. Be ready to negotiate and offer extras such as closing costs, paid property taxes, remodeling work (or a cash credit), appliances, paid condo association/homeowner association dues, a few months of mortgage payments or even seller financing. Home sellers who've been on the sidelines and who advised their agents to ignore offers by low-ballers don't have that luxury now. Instruct your agent to listen intently to prospective homebuyers' misgivings about the home and adjust accordingly and immediately.

Posted via email from Scott Deaton's Blog

Thursday, January 26, 2012

Some Up, Some Down

The Arkansas REALTORS® Association, the voice of real estate in Arkansas, announced that existing-home prices rose for the fourth month in December. Average prices of homes in the 42 county area monitored by the Association increased 2 percent from $144,842 in December 2010 to $147,795 in 2011.  The number of units sold in December decreased 6 percent from 1,903 in December 2010 to 1,785 for the same month in 2011.

For the year, the number of home sold as compared to 2010 decreased less than 1 percent while average prices decreased slightly more than 1 percent.

Posted via email from Scott Deaton's Blog

Tuesday, January 24, 2012

12 Ways To Sell Your House In This Crappy Market #2

12 Ways To Sell Your House In This Crappy Market

Put your best footage forward:  Prep, paint, stage, scrub, improve, repeat. Efforts can include caulking, plastering, planting flowers, adding potted plants, making the windows spotless, pressure washing that oily driveway, edging the walks, trimming the bushes and trees, and mending the fences. None of these is excessively capital-intensive, but when applied en masse, they say "buy me."

The little things can make a large difference in the perception of the buyers.  Go all out to prepare your home for the market.  Today’s picky buyers will move on to the next home if they aren’t initially impressed.

Posted via email from Scott Deaton's Blog

Thursday, January 12, 2012

New Arkansas Home Improvement License Required

New Arkansas Home Improvement License Required

“A person shall not act as a home improvement contractor after January 01, 2012, unless licensed by the Arkansas State Residential Contractors Committee.”  This means that anyone doing ‘home improvement’ type work on your residence must now be licensed IF the complete job, including material and labor, is over $2000 in cost.    Of course, also exempt is the owner of the residence.  You can do your own work, but if you hire it out, and it is over $2000 in cost….the person doing the work, must be licensed!

Posted via email from Scott Deaton's Blog

Wednesday, January 11, 2012

Road to Recovery: List of Improving Housing Markets Nearly Doubles in January

Road to Recovery: List of Improving Housing Markets Nearly Doubles in January

The number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metros to the National Association of Home Builders/First American Improving Markets Index (IMI).  The IMI now boasts 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. New entrants to the list in January include the following (listed alphabetically by state):

“The fact that the list of improving housing markets nearly doubled this month shows that a significant, positive trend is developing, and is even more relevant when you consider the expanding geographic distribution of the list—which now includes 31 states and the District of Columbia,” notes NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “This trend could be even stronger if not for the numerous impediments that continue to slow a housing and economic recovery, including overly restrictive lending policies and the growing inventory of distressed properties in certain markets.”

“While relatively small metropolitan areas continue to dominate the list of improving housing markets, it’s important to note that several major metros in diverse parts of the country have now joined the field as well—including such metros as Dallas, Denver, Honolulu, Indianapolis, Nashville and Philadelphia,” adds NAHB Chief Economist David Crowe. “This is an encouraging sign that gradually strengthening economic conditions are starting to take hold across a broader swath of America.”

The IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac, and single-family housing permit growth from the U.S. Census Bureau. NAHB uses the latest available data from these sources to generate a list of improving markets. A metropolitan area must see improvement in all three areas for at least six months following their respective troughs before being included on the improving markets list.

Posted By susanne On January 10, 2012 @ 4:51 pm In Consumer News and Advice,Finance and Economy,Home Owner News,Real Estate Information,Real Estate News,Real Estate Trends,Today's Marketplace,Today's Top Story,Today's Top Story - Consumer |

Posted via email from Scott Deaton's Blog

Tuesday, January 10, 2012

12 Ways To Sell Your House In This Crappy Market

Starting a new blog post in 2012 - 12 Tips To Sell Your House.  New tip each week, starting with:

Price it right from the get-go:  The old-school strategy of real estate sellers crossing their arms and holding out for a better offer will be brushed off by most homebuyers. Consider that of the homes that took four months or more to sell in the past year, almost half of their owners accepted less than 90 percent of the asking price, according to the National Association of Realtors. For a gauge, have your agent produce the latest comparable sales including short sales and foreclosures as well as a recent summary of sales prices versus original list prices. But be wary that such information doesn't reflect the homes that failed to sell.

Thanks, from Steve McLinden, Bankrate.com

Posted via email from Scott Deaton's Blog

Friday, January 6, 2012

Home sales up nearly 9 percent in November with Pulaski County Leading

Home sales up nearly 9 percent in November

Home sales rose for the fifth straight month in November, up 8.92 percent compared to the same month a year ago, the Arkansas Realtors Association reported today.  In November, 1,759 homes sold in the state compared to 1,615 homes sold in November 2010, the association said in its monthly report.

The average price of a home was $150,781, up 3.11 percent from $146,233 a year ago.

“These numbers are an outstanding sign that home buyers in Arkansas are growing in confidence and are taking advantage of the buyer’s market that continues to exist,” association spokeswoman Amy Glover Bryant said, adding that there appears to be renewed faith that the economy is on an upswing.

Pulaski County led the state with 283 homes sold during the month, followed by Benton County with 248, Washington County with 147 and Saline and Craighead counties with 101 each.

Eighty-nine homes sold in Sebastian County in November and 22 sold in Jefferson County.

The average price of homes sold was highest in Garland County at $219,406, followed by Pulaski County at $187,648, Cleburne County at $184,832, Washington County at $171,463 and Benton County at $167,638.

The average price of homes sold in Sebastian County was $155,392 and $110,411 in Jefferson County.

The number of homes sold in the state the first 11 months of the year was 22,267, down 0.38 percent from 22,353 in the first 11 months of 2010. Arkansas News Bureau

Posted via email from Scott Deaton's Blog

10 home winterization musts

10 home winterization musts

It's been a mild winter throughout most of the country so far. That means we still have time to run through a foul-weather checklist. Here are 10 "must do's" to have a warm, cozy and safe winter.

1. Check attic insulation. A foot of blown-in or batt insulation (R-38) in the attic reduces heat transfer from heated interior space to the great outdoors. This is a do-it-yourself job. If your attic is not insulated, blow in or roll out 12 inches of loose or batt insulation. If the amount of insulation is less than 12 inches, simply roll out unfaced fiberglass batts over the existing insulation to create a heavier thermal blanket. This is a case where more is better. Make sure to leave soffit vents unobstructed.

2. Install or replace weatherstripping, if necessary. Check the rubber threshold gasket at the bottom of exterior doors and replace if worn or torn. Next, make sure the top and sides of the door are weatherstripped and fit tightly. If there are gaps, replace the weatherstripping.

3. Check exterior doors and windows for gaps. Modern windows are probably OK, but older windows may need some help. To reduce air leakage, casement windows might need some weatherstripping at the joint where fixed and movable panes meet. Old double-hung wood windows are notorious air leakers. Place pieces of narrow self-adhesive rubber weatherstripping on the bottom sides and at the joint where the top and bottom panes meet.

4. Check the outside of doors and windows for voids, and caulk any gaps you see.

5. Change the filter in the heater. In older furnaces, filters should be changed monthly. Change or service newer, more efficient filters according to the manufacturer's instructions.

6. Replace your old thermostat with a new programmable model. This allows you to regulate the heater to warm the house when you're there and to reduce the temperature when you are at work or asleep.

7. Have your heater inspected by a licensed heating and air conditioning contractor. An inspection ensures that the heater is operating safely and efficiently. In many cases an inspection can alert you as to whether the unit is at the end of its life. It's nice to have the option to replace an old heater before it quits and becomes an emergency on a cold January day.

8. Check the carbon monoxide (CO) detector. If you don't have one, get one. Carbon monoxide is an odorless and colorless gas that kills. An operating CO detector can prevent a tragedy. While you're at it, check the smoke detectors to ensure they're operable.

9. Clean gutters and downspouts so fallen leaves won't clog them. Make sure that downspouts discharge away from the foundation and that soil is graded away from the foundation and at least 6 inches below the siding.

10. Clean the fireplace of ashes; visually check the chimney for loose or missing mortar. Also consider having the chimney professionally inspected and swept by a licensed and bonded chimney sweep.

By Bill and Kevin Burnett
Inman News®

Posted via email from Scott Deaton's Blog

Thursday, January 5, 2012

Jimmy Buffett and the Coral Reefer Band will perform at VERIZON ARENA

Jimmy Buffett and the Coral Reefer Band will perform at VERIZON ARENA

for one night only on THURSDAY March 1 at 8pm, as part of Jimmy Buffett's "WELCOME TO FIN LAND" Tour 2012.   Michael Marion, the General Manager, said, "The Verizon Arena is beyond excited to host our first ever Jimmy Buffett concert. He has been the #1 most requested artist and everyone is thrilled at his long awaited return to Arkansas."

TICKET PRICES: $136, $76, $36
Tickets on sale Saturday, January 14 @ 10am.
Eight-ticket limit per customer.

Posted via email from Scott Deaton's Blog