Fort Smith Real Estate» Ft Smith home sales

Ft. Smith Real Estate July 09 Sold Market Report

Ray Nellum — Sun, 06 Sep 2009 19:28:22 +0000

If you are buying or selling real estate in the Ft. Smith Real Estate Market, you really need to stay on top of recently sold properties with the Ft. Smith area! There’s way too much negative information about our market, and some of those statistics are based on a national average and not the average within the Ft. Smith Real Estate market. You need to know the facts about the Ft. Smith Real Estate market, and it’s my job to keep you informed.

This Ft. Smith Real Estate Market Report covers homes sold July 2009 and covers the entire Sebastian County Residential Sold homes.

Homes sold: 136
Average List price: $136,540
Average Sold price: $131,195
Average Days on Market: 122 days

The graph below breaks down homes sold and the price ranges. This image will give you an opportunity to see what sales price are the most active in Ft. Smith Real Estate .

The following graph shows the break down of the Average Days on the Market! This is important in Ft. Smith Real Estate because some homes have positioned the price of their home to be better, and with less days on the market!

You can see that 38% of the homes sold in July had been on the market for 120 days or more.

If you’re interested in buying or selling Ft. Smith Real Estate, please feel free to contact me in the form below! My cell/text is 479-414-1894!

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

Ray Nellum — Sat, 16 May 2009 21:10:09 +0000

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

Ray Nellum — Thu, 14 May 2009 15:49:43 +0000

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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