Fort Smith Real Estate
May 2009

Fort Smith Real Estate Home Ownership ‘Opportunity’ Fairs!

May 26, 2009 by Ray Nellum · Leave a Comment 

house and changeWondering about Fort Smith Real Estate Activities?  I’ve got your information source right here!  The Fort Smith Board of Realtors have partnered with the Crawford Sebastian Community Development Center to bring 3 Major Home Ownership Opportunity Fairs to the Ft. Smith, Greenwood, and Van Buren Area.

Get out and find out as much information that you can when looking to purchase a home.  Your knowledge is your power, so go get it! 

The Fort Smith “Home Ownership Opportunity Fairs” will be a great opportunity to find out about any special programs within the area that might be able to help you with your next home purchase:  Lending info, Downpayment Assistance, Home Ownership Tax Credit, Insurance, and so much more.

Dates and Locations:

Friday, June 12 from 1 to 4 p.m.  at the Wal-Mart Parking Lot in Greenwood, Arkansas

Friday, June 19, from 2 to 6 p.m. at the Town Plaza Parking Lot by Wal-Mart in Van Buren, Arkansas

Friday, June 27, from 10 a.m. to 1 p.m. at the Harps on Grand Ave. in Fort Smith, Arkansas.

Spread the word and go and lear all you can.  If I can be of any assistance, please feel free to call me at 479-414-1894.

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Remember Those that Gave Their Lives for Our Freedom. Fort Smith Real Estate

May 25, 2009 by Ray Nellum · 1 Comment 

Memorial Day isn’t just another holiday.   It’s not another day to get off of work, go to the lake, or the big cook outs.  It’s a day of remembrance for all of the Men and Women that made the ultimate sacrifice and gave their lives for our country.  Had it not been for those individuals.  Where would our great country be?  Our Country has always been tested.  Even in these very dangerous and trying times, I believe we can, and will prevail!

I would like to thank the Men and Women currently serving our Country.  I am very thankful for those that have given their lives for our beliefs, and our freedom.  I especially want to thank those families of our Fallen, they are not forgotten! 

Enjoy your Memorial Day Holiday, but take time to remember those that have given their lives for our Freedom.

 

In Remembrance of the Arkansas

 

Casualties of Operation Enduring Freedom & Operation Iraqi Freedom


Baker, Ronald W. Baker, Zachary Bell, Rusty W.
Bewley, Kevin Box, Jr., Hesley Brandon, Stacey C.
Brown, John Buie, Jimmy Bushnell, William
Caldwell, Chad Cason, Ahmed A. "Mel" Cheatham, Jonathan
Clairday, Jason Scot Clay, James M. Collier, Russell
Comstock, William C. Creamean, Tyler Doster, James D.
Estes, Justin Felder, Arthur "Bo" Fisher, Dustin
Gardner, Jr., Freeman Giles, Landon S. Goins, Michael
Henkes, Richard Hopper, Brian Jenkins, Kenneth
Jessen, Kevin P. Johnson, Jr., Michael Jones, Charles S.
Jones, Gussie M. Kendall, Dustin L. Kimbrough, Paul W.
Kimme, Danny Kordsmeier, Patrick W. Labadie, William
Liles, Stuart Marcum, Joshua Marshall, Bradley
Martin, Thomas Massey,John McCandless, Rodney
McGaugh, Dustin K. McGill, Arthur Ray McHalffey, Jeremy
Melton, Kenneth A. Miranda, Troy "Leon" Mitchell, Raymond
Mooney, Adam Mora, Samson Morehead, Kevin
Moss, Keelan L. Motley, Todd A. Norris, Paul
Orton, Billy Joe Parker, Tommy L. Penich, John M.
Peters, Dustin Plowman, Derek James Reece, Matthew
Robbins, William T. Robinson, Carlo Rodgers, Joshua
Rosenbaum, Thomas C. Rymer II, Lyle W. Salazar, Bruce
Sam, Solomon T. Samek, Jesse Sayles, Phillip
Seideman, Tyler Self, John Shaffer, Jeffrey
Shaw, Alan Smallwood, Erich Smith, Brandon C.
Smith, Michael Stacey, Jeremy Sturdivant, Michael
Taylor, Michael Thacker, Nathan Z. Valdez, Steven A.
Varga, Robert Warren, William Watson, David L.
West, Bobby R. Wilks, Kyle Winston, Jr., Vincent
Witham, Donovan Woodham, Anthony Yarbrough, Michael
 

Open House Sunday, May 17 from 1 to 3 pm Fort Smith Real Estate

May 16, 2009 by Ray Nellum · Leave a Comment 

5101 Hardscrabble Way, Fort Smith, AR

Searching for the “Perfect Home” in the Fort Smith Real Estate Market?  I’ve got your home right here.  Homes for sale in Fort Smith, just got more competitive with this beauty. 

Join me at my Open House at 5201 Hardscrabble Way  in Fort Smith from 1 p.m. to 3 p.m. 

You will be delighted with it’s contemporary design and uplifting feel.  This home is great for entertaining family and friends of all ages.  You can walk to Hardscrabble Country Club from your back deck!  Now that is convenient!

For more information, please call me at 479-414-1894!

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$8,000 What’s in Your Wallet? Fort Smith Real Estate

May 14, 2009 by Ray Nellum · Leave a Comment 

 

First Time Home Buyers in the Fort Smith Real Estate Market have a great opportunity to cash in with the New Tax Credit!    Could you use an additional $8,000??? So many buyers are on the fence and off the fence.  While you are trying to decide, you could be missing out on an opportunity of a lifetime.  Fort Smith Homes are at a great value right now for buyers!  Interest rates are absolutely amazing!

So if you are a buyer in market to buy a home is the Fort Smith Area, take a look at the tax credit breakdown.  I know, you may have read the information and don’t quite understand it all.  Below is a simple and easy breakdown of the Tax Credit.

For additional information please feel free to call me at 479-414-1894.

 

                FEATURE

CREDIT AS CREATED JULY 2008

REVISED CREDIT –

 

APPLIES TO All QUALIFIED

EFFECTIVE FOR PURCHASES ON

 

PURCHASES ON OR AFTER April 9,

OR AFTER JANUARY 1, 2009 AND

 

2008

BEFORE DECEMBER 1, 2009

Amount of

lesser of 10 percent of cost of home or

Maximum credit amount

Credit

$7500

increased to $8000

Eligible

Any single family residence (including

No change

Property

condos, co-ops, townhouses) that will

All principal residences eligible.

 

be used as a principal residence.

 

Refundable

Yes. Reduces (or can eliminate)

No change

 

income tax liability for the year of

Purchasers will continue to

 

purchase. Any unused amount of tax

receive refund for unused amount

 

credit refunded to purchaser.

when tax return is filed.

Income limit

Yes. Full amount of credit available for

No change

 

individuals with adjusted gross income

 

 

of no more than $75,000 ($150,000 on

Same income limits continue to

 

a joint return). Phases out above

apply.

 

those caps ($95,000 and $170,000).

 

First-time

Yes. Purchaser (and purchaser’s

No change

Homebuyer

spouse) may not have owned a

Still available for first-time

Only

principal residence in 3 years previous

purchasers only. Three-year rule

 

to purchase.

continues to apply.

Revenue Bond

No credit allowed if home financed

Purchasers who utilize revenue

Financing

with state/local bond funding.

bond financing can use credit.

Repayment

Yes. Portion (6.67% of credit or $500)

No repayment for purchases on

 

to be repaid each year for 15 years,

or after January 1, 2009 and

 

starting with 2010 tax filing.

before December 1, 2009

Recapture

If home sold before 15-year repayment

If home is sold within three years

 

period ends, then outstanding balance

of purchase, entire amount of

 

of repayment amount recaptured on

credit is recaptured on sale.

 

sale.

Applies only to homes purchased

 

 

in 2009.

Termination

July 1, 2009

December 1, 2009

 

(But note program changes for 2009)

 

 

Purchases on or after April 9, 2008 and

All revisions are effective as of

Effective Date

before January 1, 2009. Repayment to

January 1, 2009

 

begin for 2010 tax year.

 

 

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Open House Sunday, May 3 from 1 to 3 p.m. Fort Smith Real Estate

May 2, 2009 by Ray Nellum · Leave a Comment 

1111 North 33rd Street

Sunday is prime time to view some of the hottest homes in the Fort Smith Real Estate Market!  This home is a great buy for any buyer!  1111North 33, Fort Smith will be open Sunday from 1 to 3 p.m.  Come out and view all the updates of this home, up close and personal.

Fort Smith Real Estate keeps getting hotter with great homes like this. 1111 North 33rd Street, Fort Smith, Arkansas give you a great home at an exceptional value. Price at only $69,900 this home stands out beyond the pack. If you’ve been looking for a house to make your home that offers you security, comfort, location, and in “Like New Condition”, this is the home for you!

For more information about this home or any other in the Fort Smith Real Estate Market area, call me at 479-414-1894 or email me at Ray@RayNellum.com

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Fort Smith Real Estate