Northwest Arkansas Real Estate Blog

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

Sept. 22, 2023

Discover Northwest Arkansas: Weekend Adventures (September 23-24, 2023)

 

Discover Northwest Arkansas: Weekend Adventures (September 23-24, 2023)

Northwest Arkansas, renowned for its scenic landscapes and rich culture, is brimming with activities this weekend. Whether you're a resident or just visiting, there's an event for everyone. Dive into this curated list of events and activities to maximize your weekend experience:

1. FORMAT Festival

Date: September 22-24, 2023

Location: The Momentary, Bentonville, AR

Description: Dive into a three-day multidisciplinary festival that merges music, art, and technology. Experience eclectic music lineups, artist-built venues, and interactive art installations.

More Info

2. Drift NWA Event

Date: September 24, 2023, 8:00 am - 5:00 pm

Location: Drake Field, Fayetteville, AR

Description: Witness exhilarating drift races, savor food from on-site trucks, and even try your hand at driving. Remember to bring your own chair and helmet if you wish to participate.

3. Cultural Celebration

Date: September 24, 2023, 1:00 pm - 5:00 pm

Location: Northwest Arkansas Mall Parking Lot, Fayetteville, AR

Description: A free, family-friendly event offering arts and crafts, a soccer tournament, a children's area, a parade of nations, dance contests, vendors, and live entertainment.

4. Music in the Gallery

Date: September 24, 2023, 1:00 pm - 3:00 pm

Location: Terra Studios, Fayetteville, AR

Description: Enjoy a musical afternoon with Zane, playing a variety of instruments, including Native American Flutes, Mountain Dulcimers, harmonica, and hand drums.

5. Japanese Tea Gathering

Date: September 24, 2023, 2:00 pm - 3:00 pm

Description: Discover the secrets of a traditional Japanese Tea Gathering. Taste different blends of matcha and immerse yourself in Japanese culture.

6. Whose Live Anyway?

Date: September 24, 2023, 7:00 pm

Location: Walton Arts Center

Description: Enjoy 90 minutes of hilarious improvised comedy and song based on audience suggestions with former cast members of the Emmy®-nominated TV show “Whose Line Is It Anyway?”

7. Karaoke Night at Nomads West End

Date: September 24, 2023, 7:00 pm - 10:00 pm

Location: Nomads West End, Fayetteville, AR

Description: Unleash your inner diva and belt out your favorite tunes with friends and fellow karaoke enthusiasts.

In Conclusion

From arts and music to thrilling races and cultural celebrations, Northwest Arkansas promises a weekend packed with excitement and entertainment. So, mark your calendar and get ready to explore the diverse offerings of this beautiful region!

Posted in NWA Events
Sept. 20, 2023

Upcoming Car Shows in Northwest Arkansas 2023

Rev Up Your Engines: Upcoming Car Shows in Northwest Arkansas 2023

Northwest Arkansas, known for its scenic beauty and vibrant culture, is also a hub for car enthusiasts. As 2023 approaches, the region is gearing up for a series of exciting car shows that promise to be a treat for both participants and spectators. Here's a sneak peek into some of the most anticipated car events in the area:

1. Charity Car Show & Cruise-In

When: September 30, 2023

Where: 371 Glasgow Rd, Bella Vista, AR 72715-3500

What to Expect: This charity event is not just about showcasing a variety of cars but also about giving back to the community. Whether you're a car enthusiast or just looking for a fun weekend activity, this event promises something for everyone.

Find out more

2. Car Show & Fall Market

When: October 14, 2023, 9:00 am to 1:00 pm

Where: Waldron, Arkansas

What to Expect: A unique blend of cars and commerce, this event combines the thrill of a car show with the charm of a fall market. It's the perfect place to admire some stunning vehicles and pick up some autumn goodies.

Find out more

3. Heritage Festival Car Show

When: September 29, 2023, 12:00 am to September 30, 2023, 4:00 pm

Where: Mount Ida, Arkansas

What to Expect: As part of the Heritage Festival, this car show is all about celebrating history and heritage. From vintage classics to modern marvels, there's a car for every era at this event.

Find out more

4. 26th Annual Petit Jean Fall Swap Meet

When: September 21, 2023, 8:00 am to September 23, 2023, 6:00 pm

Where: Morrilton, Arkansas

What to Expect: More than just a car show, this event is a paradise for those looking to buy, sell, or swap car parts. It's a must-visit for anyone looking to find that elusive part or just to mingle with fellow car enthusiasts.

Find out more

5. 48th Annual Foothills of the Ozarks Swap Meet

When: September 15, 2023, 7:00 am to 4:00 pm

Where: 2537 N McConnell Avenue, Fayetteville, AR

What to Expect: This major swap meet event is not just about cars but also about community. With a car show and shine segment, it's the perfect place to showcase your vehicle or just admire the beauties on display.

Find out more

6. 32nd Annual Eureka Springs Corvette Weekend

When: October 5th - 8th, 2023

Where: Eureka Springs, Arkansas

What to Expect: Dive into a world where automotive enthusiasts come together to celebrate the perfect blend of timeless grace, cutting-edge innovation, and the legendary Corvette. All registered cars will receive a 10% discount on all National Corvette Museum purchases during this weekend.

Find out more

Whether you're a die-hard car enthusiast or just someone looking for a fun weekend activity, Northwest Arkansas has something for everyone. Mark your calendars and get ready to rev up your engines for these fantastic events!

Posted in NWA Events
Sept. 19, 2023

Discover the most anticipated events in Northwest Arkansas from October to December 2023. From the world-renowned Bikes, Blues and BBQ rally to festive celebrations in Fayetteville, get the latest on

 

Upcoming Events in Northwest Arkansas (October to December 2023)

October 2023:

  • Bikes, Blues and BBQ: Recognized as the world’s largest charity motorcycle rally. Date:
  • Tinkerfest at Amazeum: A celebration of tinkering and making. Date: October 1st
  • Bienvenue Restaurant Grand Opening: Located in downtown Springdale. Date: September 23, 2023
  • Pedal Kids Race Series (PKRS): A family-friendly kids race series. Sunday, October 29th– Osage Park, Bentonville
  • Outdoor Movie Night at Botanical Garden of the Ozarks: Screening "A Bug's Life". Date: September 29, 2023

November 2023:

  • “Other Desert Cities” Play: Held at the Ozark Mountain Smokehouse in the Chillin' Room. Date: November 9 @ 7:30 pm - November 11 @ 10:00 pm

December 2023:

The festive month of December in Fayetteville is filled with Christmas vibes, festivals, parties, and events. Specific events for December 2023 in Fayetteville are yet to be detailed.

For more detailed information, visit the official event websites or local news portals.

Posted in Learn About NWA
Sept. 19, 2023

Navigating High Interest Rate Environments: Strategies to Lower Home-Buying Costs

Navigating High Interest Rate Environments: Strategies to Lower Home-Buying Costs


For many prospective homeowners, the prospect of buying a home in a high-interest rate environment can be daunting. Elevated rates can result in significantly higher monthly payments and overall borrowing costs. However, while such scenarios pose challenges, they also offer the opportunity for savvy homebuyers to employ various strategies to mitigate these costs. Here’s how:


Understanding High Interest Rate Environments

High interest rates are often a result of strong economic growth, inflationary pressures, or central bank policies aimed at cooling down an overheated market. While it means borrowing becomes pricier, there are still ways to make a smart and financially sound home purchase.


Strategies to Lower Costs in High Rate Settings

  • Bigger Down Payment: The more you pay upfront, the less you'll need to borrow. This reduces the amount subjected to the high interest rate and can lower your monthly payments.
  • Shorter Loan Term: Opting for a 15-year mortgage instead of the traditional 30-year one will have higher monthly payments, but the overall interest paid throughout the loan's life can be significantly less.
  • Consider Adjustable-Rate Mortgages (ARMs): While ARMs can be riskier because the rate can increase, they often start with a lower rate than fixed-rate mortgages. If you're planning on staying in the home for only a few years, this might be a cost-effective option.
  • Shop Around: Lenders can offer different rates and terms. By comparing multiple mortgage offers, you can find the most favorable option for your situation.
  • Improve Your Credit Score: A higher credit score can give you more bargaining power. Lenders reserve their best rates for those with exemplary credit histories. By paying down debts and ensuring timely payments, you can boost your score and possibly qualify for better rates.
  • Buy Points: Some lenders allow you to purchase points, which means you pay a certain amount upfront to lower your interest rate. This can save you money in the long run if you plan to stay in the home for a significant period.
  • Negotiate Closing Costs: Some closing costs are negotiable. Work with your real estate agent and lender to see if there's any flexibility, which can help reduce the total amount you'll need to bring to the closing table.
  • Consider Less Expensive Properties: In high rate environments, your buying power may be reduced. Looking at homes below your maximum budget can provide wiggle room in terms of mortgage payments and potential rate negotiation.

Keep the Bigger Picture in Mind

While high interest rates can be challenging, remember that the housing market is just one aspect of the broader economy. High interest rate environments can sometimes mean a strong economy, which might result in wage growth, job opportunities, and other financial benefits.


Final Thoughts

Navigating a high-interest rate environment requires preparation, research, and strategy. By employing the techniques above and working closely with real estate professionals, you can mitigate costs and make a home purchase that aligns with both your dreams and your financial reality.

April 8, 2023

The Spring Selling Season: Why It's the Perfect Time to List Your Property

Spring is often considered the best time to sell a home due to various factors, including an influx of buyers, pleasant weather, and the desire for a fresh start. In this blog post, we'll explore the reasons why the spring season is the ideal time to list your property and provide expert insights to help you make the most of this prime selling period.

Listing your home in the spring.

 

Increased Buyer Demand:

Spring sees an increase in buyer activity as people look to make a fresh start or relocate before the new school year. A study by HomeLight found that homes listed in the spring tend to sell faster and for more money than at any other time of the year1.

 

Better Curb Appeal:

With flowers blooming and lawns looking lush, spring offers an ideal backdrop to showcase your property's exterior. Curb appeal plays a significant role in attracting potential buyers, as noted by Forbes.

 

More Daylight Hours:

Longer daylight hours in spring give buyers more time to view homes after work, increasing the chances of selling your property quickly. Realtor.com highlights the importance of taking advantage of these extended daylight hours.

 

Easier Scheduling for Home Improvements:

Spring's milder weather is more conducive to making repairs and updates to your property. HomeAdvisor emphasizes the benefits of scheduling home improvements during this season, as contractors tend to be more available and eager for work4.

 

Timing the Market:

Listing your home in spring allows potential buyers to close the deal and move in during the summer months, making for a smoother transition. NerdWallet explains how timing the market can lead to a more successful home sale5.

 

In conclusion, the spring season offers numerous advantages for sellers looking to list their property. By understanding these benefits and optimizing your home's presentation, you can capitalize on the increased buyer demand and favorable conditions to maximize your chances of a successful sale.

 

Sources:

Footnotes

HomeLight, "When Is the Best Time to Sell a House? The Complete Guide": https://www.homelight.com/blog/when-is-the-best-time-to-sell-a-house/ ↩

Forbes, "6 Reasons Why Spring Is the Best Time to Sell": https://www.forbes.com/sites/trulia/2016/04/26/6-reasons-why-spring-is-the-best-time-to-sell/?sh=63d0cb8b42cd

Realtor.com, "10 Reasons to Sell Your Home in Spring": https://www.realtor.com/advice/sell/reasons-to-sell-your-home-in-spring/

HomeAdvisor, "Why Spring Is the Perfect Time to Tackle Home Improvement Projects": https://www.homeadvisor.com/r/spring-home-improvement/

NerdWallet, "How to Time the Real Estate Market": https://www.nerdwallet.com/article/mortgages/how-to-time-the-real-estate-market

Posted in Homeowner Tips
March 24, 2023

How to Make Your Dream of Homeownership a Reality

Are you ready to become a homeowner in Northwest Arkansas but don't know where to start? The process of buying a home can seem daunting, especially if you're a first-time homebuyer. However, with the right approach and expert guidance from our real estate brokers, you can turn your dream of homeownership into a reality. In this blog post, we'll share some tips to help you get started.

 

Determine your budget: Before you start looking for a home, it's essential to know how much you can afford. Take a close look at your finances, including your income, expenses, and debts, and use an online mortgage calculator to estimate what you can afford. You'll also need to factor in additional expenses, such as property taxes, homeowner's insurance, and maintenance costs.

 

Get pre-approved for a mortgage: Once you've determined your budget, it's time to get pre-approved for a mortgage. This will help you understand the types of homes you can afford, and it will also give you an advantage when making an offer on a home. Our real estate brokers can recommend a trusted mortgage lender to help you through this process.

 

Find a trusted real estate agent: Working with an experienced and knowledgeable real estate agent can make a world of difference when buying a home. They can help you navigate the local housing market, find homes that match your criteria, and negotiate with sellers on your behalf. Our real estate brokers have an in-depth knowledge of the Northwest Arkansas real estate market and can help you find the perfect home.

 

Start your search: Now that you have your budget, pre-approval, and real estate agent in place, it's time to start your search. Our brokers have access to a wide range of properties, including off-market homes, that aren't available on public real estate websites. They can also help you schedule tours and provide insights into each property.

 

Make an offer and close the deal: Once you've found your dream home, it's time to make an offer. Our real estate brokers can help you draft a strong offer that's likely to be accepted by the seller. They can also guide you through the closing process, including the inspection, appraisal, and final paperwork.

 

Owning a home in Northwest Arkansas is a dream come true for many people. With the right preparation, guidance, and support, you can make this dream a reality. Our real estate brokers are here to help you through every step of the process. Contact us today to get started on your journey to homeownership.

March 20, 2023

The Hidden Costs of Buying Your First Home: What You Need to Know

Congratulations! You've decided to take the leap and purchase your first home. It's an exciting time, but it can also be overwhelming. One of the most important things to consider when buying a house is understanding the hidden costs involved in the process. This article will guide you through these often-overlooked expenses, using sources from government agencies and non-profit organizations, helping you make a well-informed decision and avoid any nasty surprises.

The Hidden costs of homebuying

Home Inspection and Appraisal Fees

Before you finalize your home purchase, you'll want to have a professional home inspection and appraisal done. These services help to identify potential problems with the property and determine its value. According to the U.S. Department of Housing and Urban Development (HUD), the cost of a home inspection typically ranges from $300 to $500, while an appraisal can set you back $300 to $450 (source: HUD - Home Inspections). These fees are not always included in the mortgage closing costs and may need to be paid upfront.

 

Closing Costs

Closing costs are the fees and charges that need to be paid at the end of the home buying process. They typically include loan origination fees, title insurance, recording fees, and attorney fees, among others. The Consumer Financial Protection Bureau (CFPB) states that closing costs generally range from 2% to 5% of the home's purchase price (source: CFPB - Closing Costs).

 

Property Taxes and Insurance

When you purchase a home, you'll be responsible for paying property taxes and obtaining homeowners insurance. According to the National Association of Insurance Commissioners (NAIC), the average annual homeowners insurance premium in the United States is $1,211 (source: NAIC - Homeowners Insurance). Property taxes vary depending on your location and the value of your home. The Tax Foundation provides a helpful resource to compare property tax rates by state (source: Tax Foundation - Property Taxes).

 

Maintenance and Repairs

As a homeowner, you'll be responsible for maintaining your property and making any necessary repairs. The U.S. Department of Energy recommends budgeting 1% to 4% of your home's value annually for maintenance and repair costs (source: DOE - Home Maintenance). Be prepared to handle unexpected expenses, such as fixing a leaking roof or replacing a broken appliance.

 

Being aware of these hidden costs will help you create a more accurate budget and set realistic expectations for your first home purchase. Remember to consult with professionals, such as a real estate agent, mortgage broker, or financial advisor, to make the best decisions for your financial situation.

March 20, 2023

First-Time Homebuyer's Guide: From Showings to Closing

Buying a home for the first time can be both an exciting and daunting experience. This guide aims to help first-time homebuyers navigate the process with ease, breaking down each step from showings to closing.
First Time Homebuying in Northwest Arkansas

Assess Your Financial Situation

Before you start your home search, assess your financial situation to determine how much you can afford. This involves evaluating your income, expenses, savings, and credit score. A good rule of thumb is to spend no more than 30% of your monthly income on housing costs.

Determine Your Needs and Wants

Make a list of your must-haves and nice-to-haves for your new home. Consider factors like location, size, number of bedrooms, and proximity to schools or work. This will help you focus your search and save time during the showing process.

Find a Real Estate Agent

Working with an experienced real estate agent is crucial for first-time homebuyers. They will guide you through the process, provide expert advice, and help you find a home that meets your needs and budget.

Obtain Mortgage Pre-Approval

Before you start attending showings, get pre-approved for a mortgage. This will give you an idea of the loan amount you qualify for and show sellers that you are a serious buyer. To get pre-approved, gather your financial documents and approach a lender or mortgage broker

Attend Showings

With your pre-approval letter in hand, start attending showings with your real estate agent. This will help you get a feel for the market, understand what is available in your price range, and refine your home preferences.

Make an Offer

Once you find a home you love, your agent will help you craft a competitive offer. The offer should include the price, earnest money deposit, financing terms, closing date, and any contingencies you may need, such as a home inspection or financing.

Negotiate and Sign a Purchase Agreement

If the seller accepts your offer or counters with a different price or terms, be prepared to negotiate. Once both parties agree, you'll sign a purchase agreement that outlines the terms of the sale.

Complete Home Inspection and Appraisal

Schedule a home inspection to identify any potential issues with the property. If problems arise, negotiate with the seller for repairs or a price reduction. Your lender will also order an appraisal to ensure the home's value matches the purchase price.

Secure Your Mortgage

Now that the inspection and appraisal are complete, finalize your mortgage application. Provide any additional documentation your lender requires and lock in your interest rate.

Conduct a Final Walkthrough

Before closing, conduct a final walkthrough to ensure all agreed-upon repairs have been made and the property is in the same condition as when you made the offer.

Close on Your New Home

At the closing, you'll sign all the necessary paperwork, pay closing costs, and transfer the remaining funds for the down payment. Once completed, the keys are yours, and you can move into your new home.
March 19, 2023

The Most Scenic Drives in Northwest Arkansas

Northwest Arkansas is a region of breathtaking natural beauty, with the Ozark Mountains, lush forests, and pristine lakes and rivers. One of the best ways to explore and appreciate this stunning landscape is by taking a scenic drive. In this blog post, we'll introduce you to some of the most picturesque drives in Northwest Arkansas that you won't want to miss.

Northwest Arkansas Scenic Views

1. Pig Trail Scenic Byway (Arkansas Highway 23)

The Pig Trail Scenic Byway is a winding 19-mile stretch of Arkansas Highway 23 that takes you through the heart of the Ozark National Forest. This beautiful drive offers spectacular views of the surrounding mountains, forests, and valleys, making it a popular destination for nature lovers and photographers alike. Be sure to stop at the Mulberry River for a picturesque picnic spot.

 

2. Boston Mountains Scenic Loop (Highway 71 and Interstate 49)

The Boston Mountains Scenic Loop comprises two routes: the historic Highway 71 and the modern Interstate 49. The 42-mile drive takes you through the Boston Mountains, the highest part of the Ozarks, offering stunning views of the rugged landscape. The loop passes through charming small towns like Winslow and Chester, where you can stop for a bite to eat or to explore local attractions.

 

3. Scenic Highway 7

Scenic Highway 7 stretches over 200 miles from the Louisiana border to the Missouri border, passing through the Ozark and Ouachita Mountains. While the entire route is beautiful, the section through Northwest Arkansas is particularly picturesque, with highlights including the Ozark National Forest, the Buffalo National River, and the charming town of Jasper.

 

4. Boxley Valley Historic District

Boxley Valley Historic District, located in the heart of the Buffalo National River area, offers a serene drive through rolling pastures, historic farms, and beautiful forests. This drive is particularly popular during the fall, when the foliage puts on a spectacular display of colors. Keep an eye out for the region's elk population, which can often be seen grazing in the valley.

 

5. Arkansas Wine Country Scenic Drive (Highway 186)

The Arkansas Wine Country Scenic Drive takes you through the picturesque vineyards and wineries of Northwest Arkansas. Starting in the town of Altus, Highway 186 winds through the hills and valleys of the region, offering stunning views of the vineyards and the opportunity to stop and sample local wines at several wineries along the route.

 

6. Peels Ferry Scenic Drive (Highway 125)

Peels Ferry Scenic Drive follows Highway 125 along the eastern shore of Bull Shoals Lake. This scenic drive offers beautiful views of the lake and surrounding forests, as well as the unique experience of taking the last remaining state-operated ferry in Arkansas across the lake.

 

These are just a few of the many scenic drives that Northwest Arkansas has to offer. Whether you're a local or a visitor to the area, taking the time to explore these picturesque routes will provide you with a deeper appreciation for the natural beauty of this incredible region. So, pack your camera, roll down your windows, and set off on an unforgettable scenic adventure!

Posted in Learn About NWA
March 18, 2023

A Guide to Local Farmers' Markets in Northwest Arkansas

Northwest Arkansas is known for its rich agricultural heritage and abundance of fresh, locally-produced foods. Farmers' markets in the region provide an excellent opportunity for residents and visitors alike to experience the best of local produce, artisanal goods, and handmade crafts. In this blog post, we'll explore some of the top farmers' markets in Northwest Arkansas and what they have to offer.

Northwest Arkansas Farmers Markets

1. Fayetteville Farmers' Market

The Fayetteville Farmers' Market is one of the largest and most popular farmers' markets in Northwest Arkansas. Located in the historic downtown square, the market operates on Tuesdays, Thursdays, and Saturdays from April through November. Visitors can find a wide variety of fresh produce, flowers, baked goods, handmade crafts, and prepared foods from local farmers and artisans.

 

2. Bentonville Farmers' Market

The Bentonville Farmers' Market, held on Saturdays from April through October, takes place in the bustling downtown square. This vibrant market features locally grown fruits, vegetables, meats, and dairy products, as well as artisanal goods such as handcrafted jewelry, pottery, and textiles. The market also hosts live music and special events throughout the season.

 

3. Rogers Farmers' Market

The Rogers Farmers' Market is a lively community gathering held on Saturdays from May through October in the historic downtown area. The market offers a wide variety of fresh, locally-sourced products, including fruits, vegetables, meats, cheeses, and honey, as well as handmade crafts and artisanal goods.

 

4. Springdale Farmers' Market

Located at the Jones Center in Springdale, the Springdale Farmers' Market operates on Tuesdays, Thursdays, and Saturdays from May through October. This market offers a variety of fresh, locally-grown produce, meats, eggs, and dairy products, as well as baked goods and handmade crafts. The market also hosts educational events and activities for children throughout the season.

 

5. Siloam Springs Farmers' Market

The Siloam Springs Farmers' Market, held on Saturdays from April through October in the downtown area, offers a variety of fresh, locally-produced goods, including fruits, vegetables, meats, and dairy products. The market also features handmade crafts, prepared foods, and live entertainment, making it a fun destination for the whole family.

 

6. Eureka Springs Farmers' Market

Located in the picturesque town of Eureka Springs, the Eureka Springs Farmers' Market operates on Tuesdays and Thursdays from April through November. The market offers a variety of fresh, locally-grown produce, as well as artisanal goods like handcrafted soaps, pottery, and textiles.

 

These are just a few of the many farmers' markets that Northwest Arkansas has to offer. By visiting these markets and supporting local farmers and artisans, you'll not only enjoy access to fresh, high-quality products but also contribute to the local economy and foster a sense of community. So, grab your reusable bags and head out to explore the best of Northwest Arkansas's farmers' markets!

Posted in Learn About NWA