Cabot Ar Real Estate Blog

Cabot Homes with One Acre are Needed to Sell

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 03 Nov 2009 09:30:05 -0600

This is a continuation of my last post. I wrote about the number of active homes for sale in the Cabot Arkansas area. The supply of homes listed on the market has dwindled down, there are 26% less homes listed on the market then were a year ago. Homes sales for 2009 are higher in the Cabot area then last year. So why am I listing all these numbers? We need sellers in the Cabot area.

I am in the process of posting several posts of sellers that are needed because of limited competition. Here is a perfect example. Homes on 1 acre or more of land under 130K. There are currently only 16 detached homes on 1 acre or more for under 130K listed in the Cabot area. A good majority of buyers I work with request a home with some land. Some buyers I work with are not opposed to land and hardly any buyers I work with absolutely do not want land. People like a little room from home to home. They like to be able to have their own space.

I can say with confidence that if your home is nice and meets the criterea listed above it should sell within a reasonable time. Feel free to visit www.cabot4ssale.com to ask a question or request a market analysis.

Good day

Active Homes for Sale in Cabot Arkansas, We need Sellers!

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Mon, 02 Nov 2009 16:19:24 -0600

I recently wrote a post on my Cabot real estate website blog about the number of active homes for sale in the Cabot Arkansas area. The inventory has shrunk substantially. Currently there are only 240 homes listed within Cabot city limits. That number includes mobile homes. If you only include detached residential homes, there are 229 homes listed inside of Cabot city limits per the MLS.

In the Cabot area that includes Cabot, Austin, Ward, & surrounding rural areas there are a total of 377 homes listed in the area. That is not very many homes listed on the market. In October of last year I did a report about the number of active homes listed in the Cabot Arkansas area and there were 509. That means in one year the number of listings on the market in the Cabot area has fell 26%.

What does that mean for someone considering selling? Less Competition! My next few posts are going to focus on some areas in Cabot that do not have many homes for sale and highlight different homes and price ranges that are selling. Stay tuned.

Good day

Time is Running Out for First Time Cabot Home Buyers!

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 27 Oct 2009 14:54:46 -0500

Currently the $8,000 tax credit for first time home buyers is set to expire Dec.1. That means anyone on the fence about buying their first home in the Cabot area may think seriously about what they are going to do.

There have been talks of possibly extending the tax credit, but nothing has been confirmed. If you are condsidering buying in the Cabot area, feel free to view homes at www.cabot4sale.com.

Good day

Overseas & Out of State Buyers are Welcome!

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 07 Jul 2009 11:57:22 -0500

With the Little Rock Air Force Base being within 15 miles from Cabot, we get several Overseas and out of state buyers. In fact we have had so many over the years that we have prepared special services we offer to our overseas and out of state buyers. As far as what we know, no other agents in the Cabot area offer special services to overseas and out of state buyers.

Please feel free to contact us at www.cabot4sale.com to discuss what we can do for you. Be sure to leave your phone number with your Country calling code if International or email address and we will contact you to discuss the services we offer.

Good day

Little Rock Arkansas Homes Sales

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 23 Jun 2009 11:18:39 -0500

The Arkansas Realtors Association posts monthly reports about the Pulaski County real estate market. Most of the time their reports run a couple of months behind, but are very informative. Currently on their website they have an April report available.

I end up only using the Pulaski county report to write about the Little Rock real estate market. The April report shows that Pulaski County was down 5.43% from April of last year in total home sales. The state of Arkansas was down 10.42% in total home sales compared to last year's April.

The Little Rock real estate market is down compared to last year, but fortunately not down as much as other major cities and areas. If you are interested in browsing Little Rock Homes for sale, feel free to click on the link.

Good day

The Cabot Housing Market

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Thu, 19 Feb 2009 01:07:19 -0600

I feel very fortunate the Cabot Arkansas real estate market is not down as much as other parts of the nation. Sure it has slowed down some, but luckily it is not dead. I have had some buyers in the past couple of month that decided not to buy because of the economy. They said that all of the news made them change their minds. There financing was good, but they just got scared with the news about the economy.

Is that wrong? I don't think so. Nobody know what is in store for the national economy. If people feel unsure about buying a home, they shouldn't do it. Home ownership does have more costs associated with it then renting. So for those who are unsure about buying because of the economy, don't do it!

However for those who do feel comfortable buying a home, now is a great time. There are some great foreclosure and short sale deals available in Cabot right now. If you feel comfortable with you financial situation you can buy a home in today's market and move in with instant equity.

Shortly I will write a post about how to find good deals on foreclosed homes in the Cabot area. It is not any scam or way for you to buy home for pennies on the dollar. It is a tool that will allow you to be notified instantly when a foreclosure comes onto the market.

Good day

Now is a Great Time to Refinance Your Cabot Home

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Sat, 24 Jan 2009 17:14:12 -0600

It is no secret that the economy is down. Homes prices are down also. Luckily prices of Cabot homes are not down as much as other areas. People are losing jobs and prices of goods are going up. Is there any good news from all of this? Of course there is, interest rates are low. The federal reserve tends to lower interest rates when the economy is stagnet. The intent is to encourage people to buy and get loans.

What does that mean to you if you already own a home in Cabot or Central Arkansas? Now is a great time to refinance your home. My wife and I bought our home just over a year ago and locked in a 30 year interst rate of 6.575%. At the time that was a good rate. We were able to refinance to a 20 year loan at 4.75%. We knocked off 10 years of our payment and raised our payment $12 a month. When you think about it, that is incredible.

In five years we will have way more equity then we did if we would have kept the loan at a 30 year note. If you are thinking of refinancing now could be the best time to do it. If you plan on staying in your home long enough after you refinance to justify it. That is something to discuss with your lender.

Good day

Tips for Selling Little Rock Homes in this Market

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 13 Jan 2009 00:24:29 -0600

Anyone that has tried to sell their home before has heard tips on how to get it sold. Curb appeal and staging are what a lot of Realtors focus on when explaining to sellers how to get their home ready to sell. In this article you will learn the best tips for selling your home in this real estate market.

Tip #1 Don't sell your home unless you have to. Now is a terrible time to decide you would like to sell and see how much you can get for your home. If you want to move, try to rent your home out and buy a new one. Unfortunately there are many people who have no option but to sell. Here are tips to help you if selling is the only option.

Tip #2 Price your home right. Sure this is something that agents always tell people in every market. Now you have to price it right. When you are considering your price be sure to factor in the foreclosures in the neighborhood. Price it so if you have to come off of your price some you can. No body expects to pay full price in this market.

Tip #3 Don't let low-ball offers offend you. Almost all buyers now are bargain hunters. If you get a real low offer don't get mad and reject it. Counter the offer and begin the negotiations. Just because you get a low offer don't think you have to take it.

Tip #4 If you have a buyer, keep them. Buyers now days are hard to come by. If you have one that makes an offer and you are close, bite the bullet and make it work. If you are in disagreement with a buyer over $1500 on the price, suck it up. There may not be another buyer for six months. Sure $1500 is a lot of money, but think of how much more money you will spend if you have to pay your mortgage for six more months.

It's no secret, now is not a good time for the housing market. If you follow these tips when you have to sell your home, it will help. To view more tips about buying and selling homes, visit my website that is targeted towards homes in little rock Arkansas.

A New Website for Homes in Little Rock

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Wed, 31 Dec 2008 11:30:22 -0600

It has been a while since I last posted something on here. I have been spending a lot of time writing on my website blog. I just wanted to quickly mention that there is a new website I have been working on that will focus on homes in Little Rock. If you are interested in searching for active homes or foreclosures visit our site.

Good day

Very Nice Cabot Arkansas Home in Magness Creek

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Wed, 19 Nov 2008 12:34:51 -0600

This new listing is a great buy! The sellers are willing to price it at a good price to get rid of it. It has 1,896 square feet, three bedrooms, and two bathrooms. It is all brick and has a deck off of the back porch. It is one of the lowest priced homes actively for sale in Magness Creek. Here are some pictures:

To view more pictures and get more information, visit my website to view homes for sale in Cabot Arkansas. Click on the contact us page if you need any help.

Good day

Home Just Outside of Cabot Arkansas With 1 Acre

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Thu, 17 Jul 2008 01:37:26 -0500

This well kept home is located just outside of Cabot Arkansas! It sets on just under one acre and is listed for $114,900. It is in the Cabot school district and was built in 2005. There are not many homes on one acre in this price range, it is a must see! To view more information about this home or other Cabot homes, click on the link.

You Can View Cabot Arkansas Real Estate Updates at Cabot4sale.com

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Mon, 31 Mar 2008 20:32:44 -0500

Just a quick note to let residents and anyone who may care about the Cabot housing market; you can now view up to date market reports for the area. I give monthly updates on the home page of my Cabot real estate website. These reports list the number of homes sold in the area and how this year compares to the previous two years.

I also blog about the Cabot Arkansas real estatemarket daily on my website blog. There are in-depth reports about different neighborhoods and price ranges in the Cabot area.

If you have any ideas about market reports for me to write about leave a comment on this blog or the blog on my website.

Good day

I was in Cabot When I Hit a Tree

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 18 Mar 2008 22:03:17 -0500

A couple of Weeks ago I was with my business partner on highway 5 in Cabot looking for land. We have a client we a working for that wants ten acres of land close to the Cabot area. It was raining that day, no it was pouring that day. I was driving and we were talking about business and such and suddenly something went wrong.

The back end of my car started hydroplaning toward the ditch! That means the front end of my car began heading towards on coming traffic. There were other cars coming so I turned the wheel in the other direction. When I did that all hell broke loose. In the blink of an eye we went off the road into the ditch and the back passenger side of my car slammed against some trees. The impact spun us around and the car stopped. Luckily I was not injured and I looked over to my business partner and he was leaned back and said he thought he broke something in his shoulder.

The ambulance came and took us to the hospital. My partner did break something in his shoulder, but it could have been much worse. It is incredible how fast life can change. I consider myself lucky and feel that I had someone above that was watching out for us. Here are some pictures of the car:

If someone had been in the back seat I think they would have died. I thank God everyday that we are still both alive.

Good day

The Right Price range to Be in When Selling a Home in Cabot Arkansas

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Sat, 01 Mar 2008 19:57:52 -0600

With the negative media on the real estate market, home selling has become tough. In Cabot there are price ranges that are good to be in right now when selling your home. Some price ranges are tough to sell a home in right now. I wanted to give the statistics of homes that have sold in Cabot Arkansas in the past six months.

Here are the stats for Cabot homes sold in the past six months:

100K and below 82 Cabot area homes sold

100-150K 175 Cabot area homes sold

150-200K 72 Cabot area homes sold

200K-250K 30 Cabot area homes sold

250-300K 9 Cabot area homes sold

300-350K 5 Cabot area homes sold

350K and up 3 Cabot area homes sold

These statistics include homes outside of Cabot, but still in the Cabot school district. As you can see if the home you are trying to sell is priced over 200K it may be somewhat difficult to sell it. The fact is that there just are not very many homes being sold in that price range right now.

You will be able to see up to date Cabot real estate market reports on my home page. You can also view tips on selling a home in Cabot Arkansas. These tips are free and do not require you to leave any contact information to view them.

If your home is on the market right now and is not selling you may want to talk to someone about the market to figure out why it is not selling. Feel free to contact me through my website to ask for help to find out why your home is not selling.

My next few posts will focus on what you can do to help sell your Cabot home.

Good day

Cabot Residents Should Vote On Proposed Millage Rate Increase

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Wed, 27 Feb 2008 23:05:04 -0600

In Dec. the Cabot school board voted to propose a millage increase for Cabot. The increase is intended to raise approx. 22.8 million from property taxes in Cabot. With the state of Arkansas expected to match the revenue with 50 million dollars.

What will the increase in Taxes do for the school district?

1. Renovating High School Science Wing

2. Adding a Junior High Science addition

3. Reconstruction at Junior high school north

4. Additional classrooms at Westside Elementary

5. Repairs to the roof at Eastside Elementary

6.A charter school facility

7. A new elementary school

8. Many other things I do not feel like listing. For the complete list go to this link.

Being in the profession that I am in, I realize that a lot of people move to Cabot for the schools. I feel that it is important to keep the schools up to date to help Cabot continue to grow. Yea, the increase will be more on us home owners, but I think money to help improve our schools is well spent.

If you would like an idea of what the increase will do to your property taxes, go to my website and email me. I will try to give you an idea of what the increase will cost you annually.

How ever you feel about this proposition it is important to vote. That is what makes America great.

Good day

Talks of widening Highway 89 in Cabot

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Sun, 24 Feb 2008 15:56:25 -0600

A recent article was posted that spoke about how officials were trying to relieve some of Cabot's traffic congestion problems. The main thing that stuck out to me in the article was widening 89 and adding turning lanes to the road. The article stated that Highway 89 in Cabot was identified as the third most congested street in Central Arkansas.

To view the article go to this link.

Good day

203 Spence Located Just outside of Cabot Arkansas

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Mon, 18 Feb 2008 11:25:26 -0600

Anyone looking for homes in Cabot Arkansas or the surrounding areas should see this home. It is located outside of Cabot in Austin Arkansas. The home is out away from town far enough to have a country feel to it, but close enough for easy access to shopping and recreation.

The home Features:

* 1762 Square Feet

* 1 acre of Land

* In-ground Swimming Pool

* Large Shop in the back

* Fenced-in Back yard

* Carpeted Pool house with running water

To view more pictures and information on 203 Spence and other homes in the Cabot Arkansas area, visit the number one site for Cabot homes for sale. Click on the link.

Good day

Arkansas Tornado Aftermath

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Mon, 11 Feb 2008 22:52:31 -0600

Me and my wife took a trip this weekend and we had to pass through Clinton Arkansas. On Feb. 5, Clinton Arkansas took a direct hit from a tornado. We did not want to stop and take pictures of peoples shattered lives, but we took some as we drove by on the highway. They are pretty Eye opening considering that this is only about an hour and a half away from Cabot Arkansas where I live. I think these pictures are an very real example of how powerful mother nature can be.

To donate to the victims of this tornado and view more pictures go to the Clinton Arkansas website.

Crye-Leike Realtors Leads Central Arkansas Sales In January of 2008

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 05 Feb 2008 20:34:00 -0600

Reports from the Central Arkansas Multiple Listing Service shows that Crye-Leike Realtors leads Cenrtal Arkansas in number of transaction and sales volume for the month of January.

These are statistics for brokerages located in central Arkansas. Crye-Leike has several office branches throughout Central Arkansas, but they are listed under the same brokerage except the franchised offices.

Here are the top five ranking brokerages and their numbers for January.

1. Crye-Leike units sold 192.5 Sales Volume $28,072,833

2. Janet Jones Company units sold 40 Sales Volume $13,463,400

3. Coldwell Banker Advantage units sold 94 Sales Volume $12,485,650

4. Keller Williams Realty LR Branch units sold 41 Sales Volume $8,721,470

5.Mckimmey Associates Realtors NLR units sold 39 Sales Volume $8,162,818

Hopefully the rest of the year will continue to be prosperous for Crye-Leike Realtors in Central Arkansas. IF you would like to view any homes listed in central Arkansas, click on the link.

Good Day

Home Sale Forecasts from the NAR

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Tue, 29 Jan 2008 19:05:16 -0600

The National Association of Realtors has released a forecast for home sales into 2009. They predict that home sales will still be down during the first quarter of 2008. It is predicted that homes sales will be approx. 6 million units in the first quarter of 2008.

The second quarter of 2008 is predicted to be better than the first. The NAR predicts that home sales will pick up the second quarter to approx. 6.25 million units. Then the third and the fourth quarter will be better than the second. The NAR has the last two quarters of 2008 forecast at 6.5 million home sales.

It seems like towards the end of this year the housing market should pick up. For market reports about the Cabot Arkansas area, click on the link. I give in-depth market reports for the area about different price ranges. Check it out if you are interested in Cabot Arkansas real estate.

Good day

Real Estate Foreclosure Capital

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Mon, 28 Jan 2008 18:13:24 -0600

Today I just seen a clip on Yahoo that spoke about the foreclosure capital of the America. The article said that Stockton Cal. was the capital. It mentioned that at one time a couple of years ago Stockton Cal. was one of the hot-spots in America for real estate. Home values were booming and then the bottom fell off in 2006.

They were interviewing a real estate agent in the area that said 2 out of every 3 homes that were listed were foreclosures or distressed sales. That is incredible! I can not imagine that in Cabot. Right now there are foreclosures in Cabot, but no where near that many.

Right now there are not very many homes listed on the mls that are in foreclosure right now. For a list of homes in foreclosure visit my Cabot Arkansas real estatewebsite. Just click the link.

Good day

The Richest Counties in the United States

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Fri, 25 Jan 2008 21:17:37 -0600

This post does not have anything to do with Cabot Arkansas real estate, since it is focusing on the richest counties in the United States. Before I read the article I some how knew that Lonoke county was not in the top twenty.

The article focused on the median income of each county and what one million dollars will buy. Here is the top five counties.

1. Fairfax County, Va.

Median income: $100,318

1 million will get you a five bedroom three and a half bath home with 4,252 feet

2. Loudoun County, Va.

Median income: $99,371

1 million will get you a four bedroom four and a half bath home with 2,604 feet

3. Howard County, Md.

Median income: $94,260

1 million will get you four bedroom three and a half bath home on 2 acres it does dot list the square footage

4. Hunterdon Country, N.J.

Median income: $93,297

1 million will get you a nice five bedroom four and a half bedroom home square footage is not listed

5. Douglas County, Colo.

Median income: $92,125

1 million will get you a six bedroom four and a half bath home with 6,444 square feet

This is just a quick look at the article. To see the homes listed and the rest of the counties just click on this link.

How the National Coverage Can Effect the Cabot Arkansas Real Estate Market

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Thu, 24 Jan 2008 14:56:54 -0600

By now we have all heard the news about the real estate market, and now the news about the overall economy. Everyone says a recession is near and the economy does not look good. I graduated college with a minor in economics and I have a little knowledge of what is going on. My opinion is that the national economy is not doing well right now. I do not know enough about it to say I think we are headed for a recession, but I do know that the Cabot Arkansas real estate market is not doing as bad as other markets in the nation. I am not trying to sound like a used car salesman either. I have done research and seen that there has been a slow down in the Cabot Arkansas real estate market, but nothing like the rest of the nation.

The good news for Cabot home buyers and investors is that interest rates are much lower than they were 6 months ago. There are great rates out there and the federal Reserve is expected to cut rates by another quarter point next week. People can make money in this so called "down market". You have to know the local real estate market or know some one who can tell you about the market.

If you know what price ranges are hot and what home styles will sell then you can make money in down markets. If you would like to see cabot arkansas homes for sale, just click on the link. If you need to talk to someone about making money in this market just send me an email through the above link.

Good day

How to Help Cabot Arkansas Homes Sell in a Slower Market

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Sat, 19 Jan 2008 20:07:55 -0600

There was a recent article posted by Yahoo. It highlighted ways to help your home in a down market. Even though I would not consider the Cabot Arkansas home market a down market, there were some interesting tips that may help some Cabot home sellers.

1. Try to look like your neighbors

Not physically, but your home should be similar to what other homes in the neighborhood look like. You do not want your home to be the largest home on the block or the nicest. Why? When pulling comparables in the neighborhood (which is what agents and appraisers do) it will be hard to get the added values if your home is much more extravagant. If your home is larger it may be hard to get the same price per square foot as the other homes on the block.

2. Keep up the maintenance

Remember to do the odd jobs that need to be done around the home. Such as: pressure washing, fixing any broken boards in the fence, repainting, etc. Buyers want to see a home that does not have alot of problems.

3. Try to Stay Energy Efficient

Try to be sure you home is as energy efficient as possible. Make sure that your windows are insulated and there is good weather stripping around doors. This is always a positive thing to say when you are trying to sell. You may try to look in the attic and see how much insulation there is. Some loans require a certain amount of insulation to be in the attic. Another cheap way to be energy efficient is to replace the light bulbs in the house. Buyers like to hear that a home is energy efficient. This translates into less money paid for utilities for them and less for you until you sell.

If you would like to view Cabot Arkansas homes for sell, just click on the link.

Good day

Stable Home Sales are expected in 2008

Charles Haverfield Visit me at Cabot4sale.com (CRYE-LEIKE Realtors) — Thu, 17 Jan 2008 20:17:42 -0600

The National Association of Realtors released an article about expected home sales in 2008. The article says that home sales are expected to stay steady through 2008 and pick up in 2009. The article states that home sales in the middle of the county are expected to offset the declines in some of the previous hot spots. There are wide variations of housing markets throughout the country. Nearly two thirds of metropolitan areas are showing home increasing home values.

I have always said that the Cabot real estate market has remained steady. There has been a decrease in homes sold, but nothing dramatic. You can view in-depth Cabot Arkansas real estate market reports on my other blog. It is located on the home page of my Cabot Arkansas real estate site. Just click the link.

Good Day