HOT SPRINGS, AR., - With residential mortgage interest rates at the lowest levels in years, pent up buyer demand and an inventory of homes priced to sell, Hot Springs Crye-Leike, Realtors associates say now is a great time to buy and sell. With a strong and stable housing market in Central Arkansas, 2008 promises to be a great year for the region's housing market.

 

Looking back, Crye-Leike, Realtors is proud to announce that in 2007 associates in the Hot Springs branch office and across Central Arkansas had their best year ever since the company entered the state and region in 2002. After just five years, home sales for Crye-Leike in the region in 2007 totaled $650-million, representing a five percent increase over the previous year.

 

In Central Arkansas there is a Crye-Leike office and associate near you. At the start of 2008, the company boasts a sales force of more than 500 REALTORS and 12 offices across the region. As associates ready to assist even more buyers and sellers in 2008, they offer some helpful tips for anyone considering a sell or purchase.

 

BUYING A HOME

Select a Real Estate Professional - Selecting a Real Estate Professional to assist you with the home buying process is VERY important. Because buying a home is one of the largest and most important purchases you will make in your lifetime you should always consult a real estate professional to assist you. Our sales associates have the expertise, experience and education to help you make good, sound home purchasing decisions. You will work together to find the right home. Your sales associate will notify you when new properties come on the market. He/She can schedule showings, advise you on the real estate process, help you write offers, negotiate terms and coordinate inspections.

 

 

Get Pre-Approved/Apply for a Loan - It's important to get a loan officer to pre-approve your mortgage before you start house hunting. A pre-approval is a guarantee that you can qualify for financing to a maximum purchase price and loan amount. This means you can write a stronger purchase offer. In a competitive market, this could mean the difference between acceptance of your offer rather than another buyer's offer. When you apply for a loan, be sure to get a good faith estimate of your closing costs.

 

Find the Right Home - Search the Internet for property available for sale. You and your Real Estate Agent will search for homes together. Your agent can guide you to the areas you like best. Have fun looking and shopping!

 

Make an Offer - Once you've found the right home, it's time to write an offer to purchase. Writing the offer is an exciting, emotional and complicated experience. You'll be glad you have an experienced Crye-Leike sales associate at your side to help you through the process.

 

Order a Home Inspection - A professional home inspection is essential. A professional home inspector sees beyond the cosmetics and surveys the entire house, including structure, roof, exterior and major systems (heating, plumbing, cooling, electrical, ventilation, etc.)

 

Attend Closing Day - Congratulations, you will soon become a homeowner! Crye-Leike's full service continues right through to the closing day. At the closing, you will settle all the financial details, the title to your new home will be conveyed and usually you will receive the keys to your new home.

 

SELLING A HOME

Crye-Leike's one-stop-shopping concept and innovative marketing programs makes it easy for you to sell your home for the best price.

 

Proper Pricing: Your property will generate the most attention and showings in the first weeks it's on the market. For the best results, you should list it at a realistic price right from the beginning. If your price is too high relative to the competition, the right buyers will not even look at an otherwise attractive property - particularly during the critical stage of initial market exposure. Setting the right price before you list is critical to getting the most for your property and selling it quickly. Having a professional with experience in your neighborhood prepare a Competitive Market Analysis (CMA) gives you the facts and insights to set the right price.

 

Showing Your Home: With a little effort, your home can be sold more quickly and at a better price. Here are 5 ways to show your home to its best.

 

  1. First Impressions Are Lasting...

  2. The front door greets the prospect. Make sure it is fresh, clean and scrubbed looking. Keep lawn trimmed and edged, and the yard free of refuse. Be sure walks and steps are free from debris, snow and ice.


  3. 2. Decorate for a Quick Sale...

  4. Faded walls and worn woodwork reduce appeal. Why try to tell the prospect how the home could look, when you can show him by redecorating? A quicker sale at a higher price will result. An investment in new kitchen wallpaper will pay dividends.


  5. 3. Let The Sun Shine In...

  6. Open draperies and curtains and let the prospect see how cheerful your home could be. (Dark rooms do not appeal.)


  7. 4. Fix the Faucet!

  8. Dripping water discolors the sink & suggests faulty plumbing.


  9. 5. Repairs Can Make A Big Difference...

  10. Loose knobs, sticking doors and windows, warped cabinet drawers and other minor flaws detract from home value. Have them fixed.


Home Warranties: Home warranties are very useful, whether you are buying or selling a home. A home warranty policy will pay for the cost of fixing and, if necessary, replacing many systems including heating, cooling, electrical, plumbing, water heaters, ovens, refrigerators, etc. The policy offers coverage against normal damage and is for a set period of time, usually one year. In some cases ceiling fans, pools and even roofs can be warranted.

 

One-stop shopping continues with a host of ancillary services available to round out your buying/selling experience. As part of the Crye-Leike family your loan is personally attended by the staff of Magna Bank, on closing day Realty Title is there to guide you through the process to becoming a homeowner and protecting your new home is easy with Crye-Leike Insurance. At the end of the day you'll be glad you chose Crye-Leike, Realtors for your one stop shopping real estate needs.

 

Crye-Leike, Realtors 60 plus associates and staff in Hot Springs are proud of their home sales success and passionate about their community service.

 

In 2007 office associates and staff participated in many projects to help those less fortunate.

 

Early in the year the office participated in the Annual Chocolate Festival to benefit the Charitable Christian Medical Clinic that treats more than 10,000 area residents living under the poverty level. Through-out 2007 associates took part in the Lock Up for Muscular Dystrophy, Central Arkansas Cereal Drive and Cans For Kids Annual Chili Cook-Off benefiting low-income families with children, Relay For Life benefiting the American Cancer Society and Special Olympics Kids Fishing Derby.

 

The giving for 2007 continued right up to the holidays as associates showed their generosity by supporting the Annual "I Care" Toy Drive, helping make Christmas morning special for 35 - 40 children across the Hot Springs area every holiday season.

 

Crye-Leike, Realtors Hot Springs branch office is located at 1420 Central Avenue, Suite C, Hot Springs Arkansas, 71901. For your real estate needs or personal referrals, please contact them at 501-321-0800. You can also find them and locate a qualified associate on the web at www.crye-leike.com.

 

Harold Crye and Dick Leike established Crye-Leike, Realtors in 1977. Today, Crye-Leike?, the nations 4th largest real estate company, has a network of more than 4,100 sales associates and 132 corporate and franchise offices located in 65 counties through-out the eight-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi and North Carolina.

 

Crye-Leike is a full-service real estate company offering buyers and sellers services in the following areas of specialty: residential sales, mortgage lending, title, insurance, commercial business and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services referrals. In 2007, the Crye-Leike organization attained sales of $5.7 billion with 32,500 closed transaction sides.