Is the Fort Smith Real Estate Market UP or DOWN?  Either way, as a buyer in the Fort Smith Real Estate Market, you’ve got to stay informed on consistent.  Those changes can and will have a huge impact on your purchase power when it comes to buying a home in the Fort Smith Real Estate Market Area!

The Arkansas Development Finance Authority a.k.a. ADFA is Arkansas’ largest source of low-cost financing for low-to-moderate income housing development, small industries, government, education, agricultural business enterprise & health care.

Long story short!  They help First time home buyers with additional finances to purchase a home.  A buyer’s purchase power is very important!

ADFA is very pleased to announce that effective Tuesday, April 28, 2009 the interest rate on our 30 year fixed rate first mortgage will be 5.25%. There will continue to be a 1% loan origination fee ( to the lender) and a 1% discount fee ( to ADFA). This is a very limited amount of “recycled” mortgage revenue bond proceeds that is available at this rate.  This rate is available only for new reservations on government loans (FHA, RD, VA). They are not accepting any reservations for conventional loan products.

NOTE: Loans already reserved cannot be cancelled and re-reserved at the new lower rate.

ADFA continues to offer two forms of down payment assistance for our borrowers. Our regular DPA “hard” second mortgage is available at an interest rate of 5.50%. Also, a forgivable “soft” second mortgage is available from the HOME Dept. at ADFA.

If you would like additional information on whether you qualify for this program, please call me at 479-414-1894 or email me at Ray@RayNellum.com .   I will be very happy to walk you through the process. 

Fort Smith Real Estate Market just got a little hotter with this Great New Listing!!!  1309 North 41st Street in Fort Smith is just the way to add a lot of freshness to life at an very affordable price!  You got that right!  Priced at $65,500, this is a hot buy on the market.

1309 North 41st Features:

• 3 Bedrooms
• 1 1/2 Baths
• 1,314 sq ft
• Living Room with Hardwood Floors
• 2 Living Areas
• Dining Area
• Updated Kitchen
• New Roof
• New Paint
• Deck
• Vinyl Siding
• Seller will install new CH/A Unit with Acceptable Offer
• SEE THIS HOME ON YOUTUBE!!!!

This market is filled with information, and you need someone you know Understands the current market conditions.  Feel free to call me at 479-414-1894 or email me at Ray@RayNellum.com for all of your Fort Smith Real Estate Market needs.

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The Fort Smith Real Estate Market has had it’s fair share of ups and downs just like any market. Southfield Heights in Fort Smith has stayed relatively steady. It’s important to understand. ALL MARKETS ARE NOT THE SAME. There are area’s around the country and in the state that have taken a sad turn for the worse. The same can apply to different area’s of town.

The average home sold in Southfield Heights over the past 6 months is $159,966. The average sold price per square foot is $91.91 and 135 average days on the market. The average day on the market is pretty consistent for the area.

So if you are selling, be patient, price it right, and your home should sell. I did say, “Price it Right” didn’t I?

Below is a list of homes that are currently on the market and homes that have sold within the previous 6 months.  Those familiar with Southfield Heights are aware the subdivision is less than 5 years old, and all of these homes have a 2 car garage.

This market is filled with information, and you need someone you know Understands the current market conditions.  Feel free to call me at 479-414-1894 or email me at Ray@RayNellum.com for all of your Fort Smith Real Estate Market needs.

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Welcome to 1904 Eastgate Drive, Greenwood, Arkansas.  This beautiful home is perfectly priced at $109,500, and this house is ready for you to make it a home.  You can look and look, but you won’t find a home that gives you as much value for your DOLLAR!!!  It’s in “Like New Condition” in a very nice Greenwood Subdivision, and it’s a very appealing home inside and out!  There are many homes to choose from in the Fort Smith Real Estate Market, but this one set’s itself in front of the pack.

Benefits: 

• It’s only 5 years old,
• 1,253 sq ft
• 3 bedrooms
• 2 baths
• Eat in Kitchen
• Spacious Living Room with tall ceilings
• 70 X 140 Lot
• 2 Car garage
• Fenced Backyard
• Covered Front Porch
• Patio
• Great Subdivision
• minutes from shopping
• just minutes from Fort Smith.

The timing for this home to hit the market is perfect for the Buyer that has been looking for quality, comfort, and affordability.  Please take time to view additional photo’s of this home at my website:  www.RayNellum.com 

You can view a video of this beautiful home by clicking the link to the side, and you can see for yourself.  To schedule your personal showing, please call me at 479-414-1894.  Remember, “To Buy or Sell’um, Call Ray Nellum”.